PARKER DRILLING CO (PKD) [Rocket]

In millions, except per share items	Dec-31-18	Dec-31-17	Dec-31-16	Dec-31-15	Dec-31-14	Dec-31-13	Dec-31-12	Dec-31-11
	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K
Revenues:
Drilling Services	225.1	259.6	292.8	465.5
International & Alaska Drilling	213.4	247.3	287.3	435.1	462.5	410.5
United States	207.6	177.6	127.6	231.8	440.6	425.8	386.0	367.8
U.S. Rental Tools	176.5	121.9	71.6	141.9
Other					65.5	37.9	291.8	318.5
Total revenues	480.8	442.5	427.0	712.2	968.7	874.2	677.8	686.2
Revenue growth [+]	8.7%	3.6%	-40.0%	-26.5%	10.8%	29.0%	-1.2%	4.1%
Drilling Services	-13.3%	-11.3%	-37.1%
International & Alaska Drilling	-13.7%	-13.9%	-34.0%	-5.9%	12.7%
United States	16.9%	39.2%	-44.9%	-47.4%	3.5%	10.3%	5.0%	3.1%
U.S. Rental Tools	44.8%	70.3%	-49.5%
Russia	-11.1%	-2.4%	-13.7%	6.7%	18.1%
Cost of goods sold	378.1	355.5	362.5	526.3	669.4	571.7	413.2	416.7
Gross profit	102.7	87.0	64.5	185.9	299.3	302.5	264.6	269.6
Gross margin	21.4%	19.7%	15.1%	26.1%	30.9%	34.6%	39.0%	39.3%
Selling, general and administrative [+]	24.5	25.7	34.3	36.2	35.0	68.0	46.3	31.6
General and administrative	24.5	25.7	34.3	36.2	35.0	68.0	46.3	31.6
Equity in earnings
Other operating expenses	24.1	4.8	1.6	10.8	-1.1	-1.5	-2.0	-2.3
EBITDA [+]	54.1	56.6	28.5	138.9	265.3	235.9	220.3	240.3
EBITDA growth	-4.4%	98.2%	-79.4%	-47.7%	12.5%	7.1%	-8.3%	50.1%
EBITDA margin	11.3%	12.8%	6.7%	19.5%	27.4%	27.0%	32.5%	35.0%
Depreciation	105.2	119.6	136.3	151.9	145.1	134.1	113.0	112.1
EBITA	-51.1	-63.0	-107.8	-13.0	120.2	101.9	107.3	128.2
EBITA margin	-10.6%	-14.2%	-25.2%	-1.8%	12.4%	11.7%	15.8%	18.7%
Amortization of intangibles	2.3	2.8	3.5	4.3
EBIT [+]	-53.4	-65.8	-111.3	-17.3	120.2	101.9	107.3	128.2
EBIT growth	-18.8%	-40.9%	541.7%	-114.4%	18.0%	-5.0%	-16.3%	184.1%
EBIT margin	-11.1%	-14.9%	-26.1%	-2.4%	12.4%	11.7%	15.8%	18.7%
Non-recurring items [+]	60.0							170.0
Asset impairment	50.7							170.0
Loss (gain) on sale of assets	1.7				-1.1	-4.0	-2.0	-3.7
Interest expense, net [+]	42.5	44.0	45.8	44.9	44.1	45.4	33.4	22.3
Interest expense	42.6	44.2	45.8	45.2	44.3	47.8	33.5	22.6
Interest income	0.1	0.2	0.1	0.3	0.2	2.5	0.2	0.3
Other income (expense), net [+]	-2.0	0.1	0.4	-9.7	-27.6	-3.7	-2.9	-1.2
Asset impairment charges		-1.9		-12.5		-2.5		-1.4
Gain (loss) on sale of assets		-2.9	-1.6	1.6
Gain (loss) on debt retirement					-30.2	-5.2	-2.1
Other	-2.0	0.1	0.4	-9.7	2.5	1.5	-0.8	-1.1
Pre-tax income	-157.9	-109.7	-156.6	-72.0	48.5	52.8	71.0	-65.4
Income taxes	7.8	9.0	74.2	22.3	24.1	25.6	33.9	-44.3
Tax rate					49.6%	48.5%	47.7%	67.7%
Minority interest				0.8	1.0	0.2	-0.2	-0.2
Net income	-168.4	-121.8	-230.8	-95.1	23.5	27.0	37.3	-50.5
Net margin	-35.0%	-27.5%	-54.1%	-13.3%	2.4%	3.1%	5.5%	-7.4%

Basic EPS [+]	($18.09)	($13.40)	($27.89)	($0.78)	$0.19	$0.23	$0.32	($0.43)
Growth	35.0%	-51.9%	3495.6%	-500.9%	-14.6%	-28.5%	-172.9%	243.4%
Diluted EPS [+]	($18.09)	($13.40)	($27.89)	($0.78)	$0.19	$0.22	$0.31	($0.43)
Growth	35.0%	-51.9%	3495.6%	-507.1%	-14.5%	-28.9%	-172.1%	243.4%

Shares outstanding (basic) [+]	9.3	9.1	8.3	122.6	121.2	119.3	117.7	116.1
Growth	2.5%	9.8%	-93.2%	1.1%	1.6%	1.3%	1.4%	1.6%
Shares outstanding (diluted) [+]	9.3	9.1	8.3	122.6	123.1	121.2	119.1	116.1
Growth	2.5%	9.8%	-93.2%	-0.4%	1.5%	1.8%	2.6%	1.6%

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