Dominion Midstream Partners, LP (DM) [Rocket]

In millions, except per share items	Dec-31-17	Dec-31-16	Dec-31-15	Dec-31-14	Dec-31-13	Dec-31-12
	10-K	10-K	10-K	10-K	10-K	10-K
Revenues:
Gas Infrastructure	480	441	370
Dominion Energy				313
Total revenues [+]	480	441	370	313	344	293
Other	63	61	35	26
Revenue growth [+]	8.8%	19.4%	18.0%	-8.8%	17.2%
Gas Infrastructure	8.8%	19.4%
Cost of goods sold	189	137	111	95	20	20
Gross profit	291	304	258	219	323	273
Gross margin	60.7%	69.0%	69.9%	69.8%	94.1%	93.1%
Selling, general and administrative [+]	37	31	26	22	32	33
General and administrative	37	31	26
Equity in earnings	26	23	7
Other operating expenses					121	76
EBITDA [+]	281	297	239	196	203	197
EBITDA growth	-5.3%	24.4%	21.5%	-3.2%	3.2%
EBITDA margin	58.5%	67.2%	64.6%	62.7%	59.0%	67.1%
Depreciation	99	54	38	37	32	33
EBITA	182	242	200	159	171	163
EBITA margin	38.0%	54.9%	54.2%	50.8%	49.8%	55.7%
Amortization of intangibles	2	2	2	1
EBIT [+]	180	240	198	159	171	163
EBIT growth	-24.9%	21.1%	24.9%	-7.2%	4.8%
EBIT margin	37.5%	54.4%	53.6%	50.7%	49.8%	55.7%
Interest expense	31	7	1
Interest expense	31	7	1
Other income (expense), net [+]	6	3	1		-171	-163
Other non-operating income	6	3	1
Other	-6	-3	-1
Pre-tax income	155	236	199	159	0	0
Income taxes	0	6	2	52	62	66
Tax rate	0.0%	2.7%	1.1%	32.6%
Minority interest	-40	118	122	17
Net income	38	3	73	90	0	0
Net margin	7.9%	0.7%	19.6%	28.8%	0.0%	0.0%




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