SOUTHWESTERN ENERGY CO (SWN) [Rocket]

In millions, except per share items	Dec-31-22	Dec-31-21	Dec-31-20	Dec-31-19	Dec-31-18	Dec-05-18	Dec-31-17	Dec-31-16
	10-K	10-K	10-K	10-K	10-K	8-K	10-K	10-K
Revenues:
Exploration and Production	10,577.0	3,358.0	1,348.0	1,740.0	2,525.0		2,105.0
Other	4,425.0	3,309.0	960.0	1,298.0	1,337.0		1,098.0
Total revenues [+]	15,002.0	6,667.0	2,308.0	3,038.0	3,862.0	3,788.0	3,203.0	-251.0
Net interest income	184.0	136.0	94.0	65.0	124.0		135.0	88.0
Revenue growth [+]	125.0%	188.9%	-24.0%	-21.3%	20.6%		-1376.1%	-108.0%
Exploration and Production	215.0%	149.1%	-22.5%	-31.1%	20.0%
Cost of goods sold [+]	1,616.0	1,170.0	813.0	720.0	785.0	5.0	671.0	-592.0
Other direct costs								592.0
Gross profit	13,386.0	5,497.0	1,495.0	2,318.0	3,077.0	3,783.0	2,532.0	341.0
Gross margin	89.2%	82.5%	64.8%	76.3%	79.7%	99.9%	79.1%	-135.9%
Selling, general and administrative [+]	439.0	270.0	176.0	228.0	298.0	2,216.0	327.0	340.0
Sales and marketing	170.0	138.0	121.0	166.0	209.0	2,007.0	233.0	247.0
General and administrative [+]	269.0	132.0	55.0	62.0	89.0	209.0	94.0	93.0
General and administrative expenses						209.0
Operating taxes	269.0	132.0	55.0	62.0	89.0		94.0	93.0
Other selling, general and administrative	170.0	138.0	121.0	166.0	209.0		233.0	247.0
Other operating expenses	4,392.0	1,957.0	946.0	1,320.0	1,229.0	560.0	976.0	-639.0
EBITDA [+]	8,555.0	3,270.0	373.0	770.0	1,550.0	1,567.0	1,229.0	640.0
EBITDA growth	161.6%	776.7%	-51.6%	-50.3%	26.1%		92.0%	-48.3%
EBITDA margin	57.0%	49.0%	16.2%	25.3%	40.1%	41.4%	38.4%	-255.0%
Depreciation and amortization	1,174.0	546.0	357.0	471.0	560.0	560.0	504.0	436.0
EBIT [+]	7,381.0	2,724.0	16.0	299.0	990.0	1,007.0	725.0	204.0
EBIT growth	171.0%	16925.0%	-94.6%	-69.8%	36.6%		255.4%	40.7%
EBIT margin	49.2%	40.9%	0.7%	9.8%	25.6%	26.6%	22.6%	-81.3%
Non-recurring items [+]	27.0	89.0	2,887.0	29.0	193.0	210.0	-6.0	2,394.0
Asset impairment		6.0	2,830.0	16.0	171.0	171.0		2,321.0
Loss (gain) on sale of assets				2.0	-17.0		-6.0
Interest expense	279.0	207.0	160.0	158.0	223.0		230.0	212.0
Interest expense	279.0	207.0	160.0	158.0	223.0		230.0	212.0
Other income (expense), net [+]	-5,175.0	-2,453.0	326.0	368.0	-36.0	-259.0	452.0	-270.0
Gain (loss) on debt retirement	-14.0	-93.0	35.0	8.0	-17.0	-17.0	-70.0	-51.0
Other	3.0	5.0	1.0	-7.0			5.0	-4.0
Pre-tax income	1,900.0	-25.0	-2,705.0	480.0	538.0	538.0	953.0	-2,672.0
Income taxes	51.0	0.0	407.0	-411.0	1.0	1.0	-93.0	-29.0
Tax rate	2.7%	0.0%			0.2%	0.2%		1.1%
Net income	1,849.0	-25.0	-3,112.0	891.0	535.0	535.0	815.0	-2,751.0
Net margin	12.3%	-0.4%	-134.8%	29.3%	13.9%	14.1%	25.4%	1096.0%

Basic EPS [+]	$1.66	($0.03)	($5.42)	$1.65	$0.93	$0.93	$1.64	($6.32)
Growth	-5358.9%	-99.4%	-428.2%	77.4%	-43.1%		-125.9%	-48.4%
Diluted EPS [+]	$1.66	($0.03)	($5.42)	$1.65	$0.93	$0.93	$1.63	($6.32)
Growth	-5346.5%	-99.4%	-428.9%	77.7%	-43.0%		-125.8%	-48.4%

Shares outstanding (basic) [+]	1,110.6	789.7	573.9	539.3	574.6	574.6	498.3	435.3
Growth	40.6%	37.6%	6.4%	-6.1%	15.3%		14.5%	14.4%
Shares outstanding (diluted) [+]	1,113.2	789.7	573.9	540.4	576.6	576.6	500.8	435.3
Growth	41.0%	37.6%	6.2%	-6.3%	15.1%		15.0%	14.4%

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