UNITIL CORP (UTL) [Rocket]

In millions, except per share items	Dec-31-21	Dec-31-20	Dec-31-19	Dec-31-18	Dec-31-17	Dec-31-16	Dec-31-15	Dec-31-14
	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K
Total revenues [+]	473.3	418.6	437.3	439.4	806.4	377.3	426.8	425.8
Regulated gas							202.6	201.4
Net interest income	0.8	1.4	3.0	2.6	2.5	1.4	0.9	1.1
Other							6.2	5.7
Revenue growth	13.1%	-4.3%	-0.5%	-45.5%	113.7%	-11.6%	0.2%	16.1%
Cost of goods sold [+]	68.7	65.7	67.2	69.5	64.5	61.4	167.8	168.6
Maintenance and operations costs							67.1	64.6
Oil & gas costs							100.7	104.0
Gross profit	404.6	352.9	370.1	369.9	741.9	315.9	259.0	257.2
Gross margin	85.5%	84.3%	84.6%	84.2%	92.0%	83.7%	60.7%	60.4%
Selling, general and administrative								197.2
Other operating expenses	326.8	281.5	297.0	298.7	666.5	245.7	195.9
EBITDA [+]	137.3	125.9	125.1	121.6	122.3
EBITDA growth	9.1%	0.6%	2.9%	-0.6%	74.2%	11.3%	5.2%	12.1%
EBITDA margin	29.0%	30.1%	28.6%	27.7%	15.2%	18.6%	14.8%	14.1%
Depreciation and amortization	59.5	54.5	52.0	50.4	46.9
EBIT [+]	77.8	71.4	73.1	71.2	75.4	70.2	63.1	60.0
EBIT growth	9.0%	-2.3%	2.7%	-5.6%	7.4%	11.3%	5.2%	12.1%
EBIT margin	16.4%	17.1%	16.7%	16.2%	9.4%	18.6%	14.8%	14.1%
Interest expense, net [+]	25.6	23.8	23.7	24.0	23.1	22.5	20.0	19.6
Interest expense	25.6	23.8	23.7	24.0	23.1	22.5	21.9	20.9
Interest income							1.9	1.3
Other income (expense), net [+]	-4.6	-5.2	8.6	-5.8	-5.8	-5.2	-1.4	-1.7
Other	-4.6	-5.2	8.6	5.8	-5.8	-5.2	0.5	-0.4
Pre-tax income	47.6	42.4	58.0	41.4	46.5	42.5	41.7	38.7
Income taxes	11.5	10.2	13.8	8.4	17.5	15.4	15.4	14.0
Tax rate	24.2%	24.1%	23.8%	20.3%	37.6%	36.1%	37.0%	36.2%
Net income	36.1	32.2	44.2	33.0	29.0	27.1	26.3	24.7
Net margin	7.6%	7.7%	10.1%	7.5%	3.6%	7.2%	6.2%	5.8%

Basic EPS [+]	$2.35	$2.15	$2.97	$2.23	$2.06	$1.94	$1.89	$1.79
Growth	9.0%	-27.4%	33.0%	8.4%	6.2%	2.3%	5.7%	14.1%
Diluted EPS [+]	$2.34	$2.15	$2.97	$2.23	$2.06	$1.94	$1.89	$1.78
Growth	9.2%	-27.6%	33.3%	8.2%	6.2%	2.5%	5.9%	14.0%

Dividends per share [+]	$1.52	$1.50	$1.48	$1.46	$1.44	$1.42	$1.40	$1.38
Growth	1.3%	1.4%	1.4%	1.4%	1.4%	1.4%	1.4%	0.0%

Shares outstanding (basic) [+]	15.4	15.0	14.9	14.8	14.1	14.0	13.9	13.8
Growth	2.8%	0.3%	0.7%	5.0%	0.7%	0.7%	0.7%	0.2%
Shares outstanding (diluted) [+]	15.4	15.0	14.9	14.8	14.1	14.0	13.9	13.8
Growth	2.7%	0.7%	0.5%	5.2%	0.7%	0.6%	0.5%	0.3%

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