Duff & Phelps Corp (DUF) [Rocket]

In millions, except per share items	Dec-31-12	Dec-31-11	Dec-31-10	Dec-31-09	Dec-31-08	Oct-31-07	Dec-31-06	Oct-31-06
	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K
Revenues:
Financial Advisory Segment	271.9	250.9	231.3
Investment Banking Segment	140.2	77.4	90.2
Alternative Asset Advisory Segment	57.1	55.7	44.0
Other	15.5	12.9	9.5
Total revenues [+]	484.7	396.9	375.0	382.0	392.0	90.7	259.3	90.7
Services	469.2	383.9	365.5	370.9
Reimbursements	15.5	12.9	9.5	11.1
Revenue growth [+]	22.1%	5.8%	-1.8%	-2.6%		0.0%	231.4%
Financial Advisory Segment	8.4%	8.5%
Investment Banking Segment	81.1%	-14.2%
Alternative Asset Advisory Segment	2.5%	26.4%
Cost of goods sold [+]	294.5	233.4	223.1	228.7	235.8	151.9	166.6	151.9
Labor costs	256.1	209.6	206.0	210.3
Reimbursable costs	15.7	13.1	9.5	11.2
Gross profit	190.2	163.5	152.0	153.3	156.2	-61.2	92.6	-61.2
Gross margin	39.2%	41.2%	40.5%	40.1%	39.9%	-67.5%	35.7%	-67.5%
Selling, general and administrative	116.0	100.6	97.5	99.2	108.3	25.3	68.6	25.3
Other operating expenses					9.8
EBITDA [+]	74.2	62.9	54.5	54.1	47.9		24.0
EBITDA growth	18.0%	15.4%	0.7%	12.9%			-604.2%
EBITDA margin	15.3%	15.8%	14.5%	14.2%	12.2%		9.3%
Depreciation	8.7	6.2	6.2	10.2	9.8		7.7	1.2
EBITA	65.5	56.7	48.4	43.9	38.1	-12.4	16.3
EBITA margin	13.5%	14.3%	12.9%	11.5%	9.7%	-13.6%	6.3%
Amortization of intangibles	9.4	5.0	3.8					1.2
EBIT [+]	56.1	51.7	44.6	43.9	38.1	-12.4	16.3
EBIT growth	8.3%	16.0%	1.6%	15.1%			-304.9%
EBIT margin	11.6%	13.0%	11.9%	11.5%	9.7%	-13.6%	6.3%
Non-recurring items [+]	8.7	6.5	1.4
Asset impairment			0.7
Interest expense, net [+]	0.7	0.2	0.2	1.1	2.8		5.4
Interest expense	0.7	0.3	0.3	1.1	3.5		5.9
Interest income	0.1	0.1	0.1	0.1	0.7		0.6
Other income (expense), net [+]	-0.4	-1.5	-0.2	-1.9	-0.4		0.2
Gain (loss) on debt retirement				1.7
Other	-0.4	-1.5	-0.2	-0.1
Pre-tax income	46.3	43.6	42.8	40.9	34.9	1.2	11.2	1.2
Income taxes	20.0	13.8	13.5	12.3	10.6	1.2	0.7	1.2
Tax rate	43.2%	31.8%	31.5%	30.0%	30.4%	100.5%	6.3%	100.5%
Minority interest	4.0	11.1	12.6	17.1	19.1
Net income	22.3	18.6	16.8	11.6	5.2	0.0	10.5	0.0
Net margin	4.6%	4.7%	4.5%	3.0%	1.3%	0.0%	4.0%	0.0%

Basic EPS [+]		$29,546.03	$27,941.67	$21,422.22	$14,513.89
Growth		5.7%	30.4%	47.6%
Diluted EPS [+]		$28,636.92	$27,040.32	$20,294.74	$14,121.62
Growth		5.9%	33.2%	43.7%

Dividends per share [+]		$15,855.56	$11,030.00	$6,957.41
Growth		43.7%	58.5%

Shares outstanding (basic) [+]		0.0	0.0	0.0	0.0
Growth		5.0%	11.1%	50.0%
Shares outstanding (diluted) [+]		0.0	0.0	0.0	0.0
Growth		4.8%	8.8%	54.1%

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