Crescent Energy Co [Rocket]

In millions, except per share items	Dec-31-22	Dec-31-21	Dec-31-20	Dec-31-19
	10-K	10-K	10-K	10-K
Revenues	3,057.1	1,477.0	754.2	1,087.2
Revenue growth	107.0%	95.8%	-30.6%
Cost of goods sold	0.0	0.0	0.0	0.0
Gross profit	3,057.1	1,477.0	754.2	1,087.2
Gross margin	100.0%	100.0%	100.0%	100.0%
Selling, general and administrative [+]	85.0	78.3	16.5	2.4
General and administrative	85.0	78.3	16.5	2.4
Equity in earnings	4.6	0.4
Other operating expenses [+]	1,012.1	602.1	491.8	546.6
Exploration expenses	3.4	1.2	0.5	0.5
EBITDA [+]	1,964.6	796.9	245.9	538.3
EBITDA growth	146.5%	224.1%	-54.3%
EBITDA margin	64.3%	54.0%	32.6%	49.5%
Depreciation and amortization	532.9	312.8	372.3	311.2
EBIT [+]	1,431.7	484.1	-126.4	227.1
EBIT growth	195.7%	-483.0%	-155.7%
EBIT margin	46.8%	32.8%	-16.8%	20.9%
Non-recurring items [+]	142.9		247.2
Asset impairment	142.9		247.2
Interest expense	95.9	50.7	38.1	53.6
Interest expense	95.9	50.7	38.1	53.6
Other income (expense), net [+]	-676.0	-865.9	195.6	-126.8
Gain (loss) on sale of assets	-4.6	-8.8		0.0
Gain (loss) on derivative instruments	-676.9	-866.0	195.3	-127.2
Other	0.9	0.1	0.3	0.4
Pre-tax income	516.9	-432.5	-216.1	46.7
Income taxes	36.3	-0.3	0.0	0.0
Tax rate	7.0%	0.1%		0.1%
Net income	480.6	-432.2	-216.1	46.7
Net margin	15.7%	-29.3%	-28.7%	4.3%

Basic EPS [+]	$2.85	($2.55)	($1.57)
Growth	-211.7%	62.3%
Diluted EPS [+]	$2.84	($2.55)	($1.57)
Growth	-211.5%	62.3%

Shares outstanding (basic) [+]	168.7	169.5	137.5
Growth	-0.5%	23.2%
Shares outstanding (diluted) [+]	169.0	169.5	137.5
Growth	-0.3%	23.2%

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