Allison Transmission Holdings Inc (ALSN) [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
Revenues:
U S	1,706.0	1,521.0	1,915.0
M X	50.0	61.0	71.0
K R	28.0	22.0	24.0
C N	122.0	87.0	136.0
Other	496.0	390.0	552.0
Total revenues	2,402.0	2,081.0	2,698.0	2,713.0	2,262.0	1,840.0	1,986.0	2,127.4
Revenue growth [+]	15.4%	-22.9%	-0.6%	19.9%	22.9%	-7.4%	-6.6%	9.4%
U S	12.2%	-20.6%
M X	-18.0%	-14.1%
K R	27.3%	-8.3%
C N	40.2%	-36.0%
C A	-11.4%	-32.7%
Cost of goods sold	1,257.0	1,083.0	1,304.0	1,291.0	1,131.0	976.0	1,052.0	1,151.5
Gross profit	1,145.0	998.0	1,394.0	1,422.0	1,131.0	864.0	934.0	975.9
Gross margin	47.7%	48.0%	51.7%	52.4%	50.0%	47.0%	47.0%	45.9%
Selling, general and administrative	-1,257.0	-1,083.0	-1,304.0	368.0	342.0	324.0	317.0	344.6
Research and development				131.0	105.0	88.0	93.0	103.8
Other operating expenses	1,831.0	1,681.0	1,919.0				14.0
EBITDA [+]				1,087.0	854.0	628.0	695.0	720.1
EBITDA growth	42.8%	-48.7%	-28.3%	27.3%	36.0%	-9.6%	-3.5%	17.3%
EBITDA margin	23.8%	19.2%	28.9%	40.1%	37.8%	34.1%	35.0%	33.8%
Depreciation	-46.0	-52.0	-86.0	77.0	80.0	84.0	88.0	93.8
EBITA	617.0	452.0	865.0	1,010.0	774.0	544.0	607.0	626.3
EBITA margin	25.7%	21.7%	32.1%	37.2%	34.2%	29.6%	30.6%	29.4%
Amortization of intangibles	46.0	52.0	86.0	87.0	90.0	92.0	97.0	98.8
EBIT [+]	571.0	400.0	779.0	923.0	684.0	452.0	510.0	527.5
EBIT growth	42.8%	-48.7%	-15.6%	34.9%	51.3%	-11.4%	-3.3%	28.7%
EBIT margin	23.8%	19.2%	28.9%	34.0%	30.2%	24.6%	25.7%	24.8%
Non-recurring items [+]					32.0		81.0	15.4
Asset impairment					32.0		81.0	15.4
Interest expense, net [+]				121.0	103.0	101.0	114.0	138.4
Interest expense				121.0	103.0	101.0	114.0	139.3
Interest income								0.9
Other income (expense), net [+]	1.0	-7.0	-11.0	3.0	-22.0	-10.0	-26.0	-5.6
Gain (loss) on debt retirement						-12.0	-26.0
Environmental remediation expense			-8.0				14.0
Other non-operating gains/losses	1.0	-4.0		-5.0	-1.0
Other	1.0	-7.0	-11.0	-2.0	-22.0	2.0	11.0	-5.6
Pre-tax income	572.0	393.0	768.0	805.0	527.0	341.0	289.0	368.1
Income taxes	130.0	94.0	164.0	166.0	23.0	126.0	107.0	139.5
Tax rate	22.7%	23.9%	21.4%	20.6%	4.4%	37.0%	37.0%	37.9%
Net income	442.0	299.0	604.0	639.0	504.0	215.0	182.0	228.6
Net margin	18.4%	14.4%	22.4%	23.6%	22.3%	11.7%	9.2%	10.7%

Basic EPS [+]	$4.13	$2.62	$4.95	$4.80	$3.38	$1.28	$1.03	$1.27
Growth	57.5%	-47.0%	3.0%	42.0%	164.3%	23.8%	-18.7%	41.8%
Diluted EPS [+]	$4.13	$2.62	$4.91	$4.77	$3.36	$1.27	$1.03	$1.25
Growth	57.5%	-46.6%	3.0%	41.9%	164.1%	23.7%	-18.0%	42.5%

Dividends per share [+]				$0.60	$0.60	$0.60	$0.60	$0.51
Growth			-100.0%	0.7%	-0.4%	0.0%	17.6%	21.4%

Shares outstanding (basic) [+]	107.0	114.0	122.0	133.0	149.0	168.0	176.0	179.8
Growth	-6.1%	-6.6%	-8.3%	-10.7%	-11.3%	-4.5%	-2.1%	-2.5%
Shares outstanding (diluted) [+]	107.0	114.0	123.0	134.0	150.0	169.0	177.0	182.3
Growth	-6.1%	-7.3%	-8.2%	-10.7%	-11.2%	-4.5%	-2.9%	-3.0%

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