Pivotal Software, Inc. (PVTL) [Rocket]

In millions, except per share items	Feb-01-19	Feb-02-18	Feb-03-17	Jan-29-16
	10-K	10-K	10-K	S-1/A
Revenues:
Services				185.9
Subscription				95.0
Total revenues [+]	657.5	509.4	416.3	280.9
Services				185.9
Subscription				95.0
Revenue growth	29.1%	22.4%	48.2%
Cost of goods sold [+]	240.7	228.4	234.3	187.3
Cost of services				153.5
Cost of subscriptions				33.8
Gross profit	416.8	281.0	181.9	93.5
Gross margin	63.4%	55.2%	43.7%	33.3%
Selling, general and administrative [+]	367.2	288.4	256.3	245.8
Sales and marketing	286.4	221.2	194.3	187.3
General and administrative	80.8	67.2	62.0	58.5
Research and development	196.4	160.9	152.1	120.5
EBITDA [+]	-128.7	-146.1	-201.9	-239.9
EBITDA growth	-11.9%	-27.7%	-15.8%
EBITDA margin	-19.6%	-28.7%	-48.5%	-85.4%
Depreciation	11.7	11.0	9.0	32.8
EBITA	-140.3	-157.1	-210.9	-272.7
EBITA margin	-21.3%	-30.8%	-50.7%	-97.1%
Amortization of intangibles	6.5	11.2	15.6
EBIT [+]	-146.8	-168.3	-226.5	-272.7
EBIT growth	-12.8%	-25.7%	-16.9%
EBIT margin	-22.3%	-33.0%	-54.4%	-97.1%
Other income (expense), net	5.5	2.1	-3.7	-6.2
Pre-tax income	-141.3	-166.2	-230.3	-278.9
Income taxes	0.6	-2.6	2.6	3.8
Tax rate		1.6%
Minority interest	0.0	0.0	-0.3	0.1
Net income	-141.9	-163.5	-232.5	-282.7
Net margin	-21.6%	-32.1%	-55.9%	-100.6%

Basic EPS [+]	($0.64)	($2.38)	($3.45)	($4.42)
Growth	-73.1%	-31.0%	-21.9%
Diluted EPS [+]	($0.64)	($2.38)	($3.45)	($4.42)
Growth	-73.1%	-31.0%	-21.9%

Shares outstanding (basic) [+]	221.1	68.6	67.3	64.0
Growth	222.5%	1.8%	5.3%
Shares outstanding (diluted) [+]	221.1	68.6	67.3	64.0
Growth	222.5%	1.8%	5.3%

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