CNL Strategic Capital, LLC [Rocket]

In millions, except per share items	Dec-31-21	Dec-31-20	Dec-31-19	Dec-31-17	Dec-31-16	Dec-31-15
	10-K	10-K	10-K	S-1/A	S-1/A	S-1/A
Total revenues [+]	10.1	7.5	25.0	15.8	15.1	14.6
Net investment income	10.1	7.5
Revenue growth	34.7%	-70.0%		4.7%	3.2%
Cost of goods sold	0.0	0.0	0.0	0.0	0.0	0.0
Gross profit	10.1	7.5	25.0	15.8	15.1	14.6
Gross margin	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%
Selling, general and administrative [+]	1.6	1.6	1.0
General and administrative [+]	1.6	1.6	1.0	0.0	0.0	0.0
Professional fees	1.3	1.4	0.8
Insurance expense	0.2	0.2	0.2
Other operating expenses	35.5	27.2	31.1	15.8	15.1	14.6
EBIT [+]	-27.0	-21.3	-7.2	0.0	0.0	0.0
EBIT growth	27.0%	196.2%
EBIT margin	-267.8%	-284.1%	-28.8%	0.0%	0.0%	0.0%
Interest income	17.3	10.3	6.4
Interest income	17.3	10.3	6.4
Other income (expense), net				4.1	2.6	2.5
Pre-tax income	-9.7	-10.9	-0.8	4.1	2.6	2.5
Income taxes	0.8	-3.1	-0.1	0.8	0.9	0.9
Tax rate		28.5%	17.7%	18.8%	35.6%	36.2%
Net income	43.0	30.0	10.2	3.3	1.7	1.6
Net margin	425.9%	401.0%	40.8%	21.1%	11.2%	11.1%

Basic EPS [+]	$3.39	$3.72	$2.15
Growth	-8.9%	72.7%
Diluted EPS [+]	$3.39	$3.72	$2.15
Growth	-8.9%	72.7%

Shares outstanding (basic) [+]	12.7	8.1	4.7
Growth	57.0%	71.0%
Shares outstanding (diluted) [+]	12.7	8.1	4.7
Growth	57.0%	71.0%

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.