RAYONIER ADVANCED MATERIALS INC. (RYAM) [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:
High-Yield Pulp	159.7	135.7	125.4	127.8
High Purity Cellulose	1,335.8	1,091.1	1,051.3	1,127.0	1,192.4	183.2	174.1	941.4
Forest Products					355.7	33.9
Pulp & Newsprint					282.3	28.1
Other	221.7	180.7	167.1	176.2	126.6	695.1	694.6
Total revenues	1,717.3	1,407.6	1,343.8	1,430.9	1,957.0	940.4	868.7	941.4
Revenue growth [+]	22.0%	4.7%	-6.1%	-26.9%	108.1%	8.3%	-7.7%	-1.7%
High-Yield Pulp	17.7%	8.2%	-1.9%
High Purity Cellulose	22.4%	3.8%	-6.7%	-5.5%	550.8%	5.2%	-81.5%	11.6%
Forest Products					947.8%
Pulp & Newsprint					903.6%
Paperboard	20.1%	9.7%	-5.1%	1.6%	943.0%
Cost of goods sold	1,594.2	1,332.8	1,280.4	1,377.5	1,665.8	799.7	682.6	738.9
Gross profit	123.1	74.7	63.4	53.5	291.1	140.8	186.2	202.5
Gross margin	7.2%	5.3%	4.7%	3.7%	14.9%	15.0%	21.4%	21.5%
Selling, general and administrative	91.5	75.8	77.9	80.8	105.0	79.6	37.2	47.7
Equity in earnings	-2.7	-1.6	-0.7
Other operating expenses	5.5	9.4	15.9	25.2	38.3	2.2	5.7	35.3
EBITDA [+]	158.1	126.3	107.3	89.7	293.8	155.6	231.6	208.7
EBITDA growth	25.2%	17.7%	19.6%	-69.5%	88.8%	-32.8%	11.0%	40.5%
EBITDA margin	9.2%	9.0%	8.0%	6.3%	15.0%	16.5%	26.7%	22.2%
Depreciation	127.6	131.3	131.4	135.2	139.0	95.6	88.3	89.2
EBITA	30.5	-5.0	-24.1	-45.5	154.8	60.0	143.3	119.5
EBITA margin	1.8%	-0.4%	-1.8%	-3.2%	7.9%	6.4%	16.5%	12.7%
Amortization of intangibles	7.0	7.0	7.0	7.0	7.0	1.0
EBIT [+]	23.5	-12.0	-31.1	-52.5	147.8	59.0	143.3	119.5
EBIT growth	-295.2%	-61.3%	-40.8%	-135.5%	150.6%	-58.8%	19.9%	89.9%
EBIT margin	1.4%	-0.9%	-2.3%	-3.7%	7.6%	6.3%	16.5%	12.7%
Interest expense	66.2	66.4	55.5	52.0	55.9	40.0	34.6	36.9
Interest expense	66.2	66.4	55.5	52.0	55.9	40.0	34.6	36.9
Other income (expense), net [+]	18.9	-4.4	-11.6	0.2	34.6	323.6	3.9	0.2
Gain (loss) on debt retirement	0.7	1.1	-7.8		0.8		8.8
Gain (loss) on derivative instruments						7.8
Gain (loss) on foreign currency transactions	-4.7	-0.9	5.7	3.2
Gain (loss) on acquisitions / transactions					20.4	316.6
Other	5.4	7.5	-7.1	17.8	13.4	2.4	0.7	0.2
Pre-tax income	-23.8	-82.9	-98.2	-104.3	126.5	342.7	112.6	82.9
Income taxes	0.9	-34.7	-60.9	-20.4	27.0	19.2	39.3	27.6
Tax rate		41.9%	62.0%	19.5%	21.4%	5.6%	34.9%	33.3%
Earnings from continuing ops	-27.4	-49.8	-38.1	-31.0	114.6	311.2	67.9	55.3
Earnings from discontinued ops	0.0	0.0	0.0	0.0	0.0	0.0
Net income	-14.9	66.4	0.6	-31.0	114.6	311.2	67.9	55.3
Net margin	-0.9%	4.7%	0.0%	-2.2%	5.9%	33.1%	7.8%	5.9%

Basic EPS [+]	($0.43)	($0.78)	($0.60)	($0.57)	$2.27	$7.17	$1.61	$1.31
Growth	-45.2%	29.9%	5.7%	-125.1%	-68.4%	346.4%	22.6%	74.4%
Diluted EPS [+]	($0.43)	($0.78)	($0.60)	($0.57)	$1.75	$5.57	$1.44	$1.31
Growth	-45.2%	29.9%	5.7%	-132.5%	-68.5%	286.6%	10.0%	74.6%

Dividends per share [+]				$0.14	$0.28	$0.28	$0.28	$0.28
Growth			-100.0%	-50.0%	0.0%	0.0%	0.0%	100.0%

Shares outstanding (basic) [+]	63.9	63.6	63.2	54.5	50.6	43.4	42.3	42.2
Growth	0.4%	0.6%	16.0%	7.7%	16.6%	2.7%	0.2%	0.1%
Shares outstanding (diluted) [+]	63.9	63.6	63.2	54.5	65.4	55.9	47.1	42.2
Growth	0.4%	0.6%	16.0%	-16.6%	17.0%	18.6%	11.7%	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.