Ryman Hospitality Properties, Inc. (RHP) [Rocket]

In millions, except per share items	Dec-31-22	Dec-31-21	Dec-31-20	Dec-31-19	Dec-31-18	Dec-31-17	Dec-31-16	Dec-31-15
	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K
Revenues:
Rooms								404.5
Other								687.7
Total revenues [+]	1,806.0	939.4	524.5	1,604.6	1,275.1	1,184.7	1,149.2	1,092.1
Food & beverage								461.2
Room / occupancy								404.5
Other hotel								129.0
Revenue growth [+]	92.3%	79.1%	-67.3%	25.8%	7.6%	3.1%	5.2%	4.9%
Rooms								5.3%
Food and beverage								5.4%
Cost of goods sold [+]	1,037.7	620.9	472.8	957.2	771.2	733.6	722.4	684.6
Food and beverage costs								261.6
Direct hotel costs								699.3
Occupancy costs								110.1
Other direct hotel costs								313.0
Gross profit	768.3	318.5	51.6	647.4	503.9	451.1	426.8	407.5
Gross margin	42.5%	33.9%	9.8%	40.3%	39.5%	38.1%	37.1%	37.3%
Selling, general and administrative [+]	43.0	38.6	28.8	36.3	30.8	31.4	26.9	28.9
General and administrative	43.0	38.6	28.8	36.3	30.8	31.4	26.9	28.9
Equity in earnings	-11.0	-9.0	-6.5	-1.1	125.0	-4.4	-2.8
Other operating expenses	189.1	118.5	112.8	129.7	114.1	86.4	74.6	82.9
EBITDA [+]	525.3	152.4	-96.4	480.3	483.9	328.9	322.5	295.6
EBITDA growth	244.7%	-258.2%	-120.1%	-0.8%	47.1%	2.0%	9.1%	11.4%
EBITDA margin	29.1%	16.2%	-18.4%	29.9%	38.0%	27.8%	28.1%	27.1%
Depreciation	185.9	180.2	174.9	173.6	120.7	111.9	109.8	114.4
EBITA	339.4	-27.8	-271.2	306.6	363.3	217.0	212.6	181.3
EBITA margin	18.8%	-3.0%	-51.7%	19.1%	28.5%	18.3%	18.5%	16.6%
Amortization of intangibles	22.7	40.2	40.2	40.2	0.2	0.1
EBIT [+]	316.7	-68.0	-311.4	266.4	363.1	216.9	212.6	181.3
EBIT growth	-566.0%	-78.2%	-216.9%	-26.6%	67.4%	2.0%	17.3%	18.4%
EBIT margin	17.5%	-7.2%	-59.4%	16.6%	28.5%	18.3%	18.5%	16.6%
Non-recurring items [+]	0.5	-0.3	-1.2		23.8	35.4		19.2
Asset impairment					23.8	35.4		19.2
Interest expense, net [+]	142.7	119.7	108.5	119.9	64.5	54.2	52.4	51.5
Interest expense	148.4	125.3	115.8	131.6	75.0	66.1	63.9	63.9
Interest income	5.8	5.7	7.3	11.8	10.5	11.8	11.5	12.4
Other income (expense), net [+]	0.2	-2.5	-15.0	0.2	1.6	-0.3	2.5	-10.9
Gain (loss) on debt retirement	-1.5	-2.9		-0.5
Other	-1.7	-0.4	15.0	-0.7	-1.6	0.3	-2.5	-10.9
Pre-tax income	173.7	-189.8	-433.7	146.8	276.4	126.9	162.8	99.7
Income taxes	38.8	5.0	27.1	18.5	11.7	-49.2	3.4	-11.9
Tax rate	22.3%			12.6%	4.2%		2.1%
Minority interest	-0.9	1.3	1.0
Net income	129.0	-177.0	-417.4	145.8	264.7	176.1	159.4	111.5
Net margin	7.1%	-18.8%	-79.6%	9.1%	20.8%	14.9%	13.9%	10.2%

Basic EPS [+]	$2.34	($3.21)	($7.59)	$2.82	$5.16	$3.44	$3.12	$2.18
Growth	-172.8%	-57.7%	-368.8%	-45.3%	49.9%	10.2%	43.6%	-8.6%
Diluted EPS [+]	$2.33	($3.21)	($7.59)	$2.81	$5.14	$3.43	$3.11	$2.16
Growth	-172.5%	-57.7%	-370.7%	-45.4%	49.9%	10.4%	43.8%	-0.3%

Dividends per share [+]	$0.35	$0.01	$0.95	$3.60	$3.40	$3.20	$3.00	$2.70
Growth	3737.9%	-99.0%	-73.6%	5.9%	6.3%	6.7%	11.1%	22.7%

Shares outstanding (basic) [+]	55.1	55.0	55.0	51.6	51.3	51.1	51.0	51.2
Growth	0.2%	0.2%	6.5%	0.6%	0.3%	0.3%	-0.5%	0.7%
Shares outstanding (diluted) [+]	55.4	55.0	55.0	52.0	51.5	51.4	51.3	51.6
Growth	0.6%	0.2%	5.7%	0.9%	0.3%	0.1%	-0.6%	-7.6%

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