RR Donnelley & Sons Co (RRD) [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:
International							2,101.8	2,371.6
Other							4,778.9	4,801.1
Total revenues [+]	4,963.7	4,766.3	5,473.2	5,702.4	6,939.6	6,833.0	6,880.7	7,172.7
Products	4,963.7	4,766.3	5,473.2	5,702.4			5,255.5	5,566.2
Services							1,625.2
Revenue growth [+]	4.1%	-12.9%	-4.0%	-17.8%	1.6%	-0.7%	-4.1%	-31.6%
International							-11.4%	-13.7%
Cost of goods sold [+]	3,994.9	3,789.2	4,389.3	4,580.3	5,623.4	5,484.3	5,475.6	5,698.8
Cost of product sales							4,122.3
Cost of services, excluding D&A							1,353.3
Gross profit	968.8	977.1	1,083.9	1,122.1	1,316.2	1,348.7	1,405.1	1,473.9
Gross margin	19.5%	20.5%	19.8%	19.7%	19.0%	19.7%	20.4%	20.5%
Selling, general and administrative	600.6	597.5	687.7	729.5	860.4	897.0	872.6	933.1
Other operating expenses	40.9	25.8	11.6	-0.3		-11.9	-2.2
EBITDA [+]	327.3	358.4	391.2	401.6	455.8	622.6	756.2	760.2
EBITDA growth	-8.7%	-8.4%	-2.6%	-11.9%	-26.8%	-17.7%	-0.5%	-33.8%
EBITDA margin	6.6%	7.5%	7.1%	7.0%	6.6%	9.1%	11.0%	10.6%
Depreciation	111.6	131.0	147.6	156.0	162.8	329.5	407.8	423.8
EBITA	215.7	227.4	243.6	245.6	293.0	293.1	348.4	336.4
EBITA margin	4.3%	4.8%	4.5%	4.3%	4.2%	4.3%	5.1%	4.7%
Amortization of intangibles	18.9	19.3	21.6	25.4	28.6	33.7	46.2	50.2
EBIT [+]	196.8	208.1	222.0	220.2	264.4	259.4	302.2	286.2
EBIT growth	-5.4%	-6.3%	0.8%	-16.7%	1.9%	-14.2%	5.6%	-59.9%
EBIT margin	4.0%	4.4%	4.1%	3.9%	3.8%	3.8%	4.4%	4.0%
Non-recurring items [+]	33.3	100.0	36.7	38.6	53.0	584.3	64.9	72.3
Asset impairment	33.3	100.0	36.7	38.6	53.0	584.3	62.7	72.3
Interest expense	127.6	135.1	150.6	168.3	180.1	198.7	274.7	211.2
Interest expense	127.6	135.1	150.6	168.3	180.1	198.7	274.7	211.2
Other income (expense), net [+]	12.8	11.1	15.9	-12.0	44.2	26.4	26.7	-99.2
Gain (loss) on debt retirement	-7.1	-3.0	-0.8	-32.4	-20.1			77.1
Other	19.9	14.1	16.7	20.4	63.8	26.4	-43.9
Pre-tax income	48.7	-15.9	50.6	1.3	75.5	-497.2	-10.7	-96.5
Income taxes	44.9	10.0	54.9	31.5	108.7	-12.3	21.0	-56.2
Tax rate	92.2%		108.5%	2423.1%	144.0%	2.5%		58.2%
Minority interest	0.7	0.5	0.5	1.4	1.2	1.3	-12.7	3.4
Earnings from continuing ops	3.1	-153.8	-4.8	-61.8	-34.4	-486.2	-19.0	-43.7
Earnings from discontinued ops	0.6	252.3	-88.4	20.6		-9.7	170.1	161.1
Net income	3.7	98.5	-93.2	-41.2	-34.4	-495.9	151.1	117.4
Net margin	0.1%	2.1%	-1.7%	-0.7%	-0.5%	-7.3%	2.2%	1.6%

Basic EPS [+]	$0.04	($2.13)	($0.07)	($0.88)	($0.49)	($6.95)	($0.28)	($0.66)
Growth	-102.0%	3055.4%	-92.3%	78.6%	-92.9%	2404.1%	-58.0%	-156.9%
Diluted EPS [+]	$0.04	($2.13)	($0.07)	($0.88)	($0.49)	($6.95)	($0.28)	($0.66)
Growth	-102.0%	3055.4%	-92.3%	78.6%	-92.9%	2404.1%	-58.0%	-157.4%

Dividends per share [+]		$0.03	$0.12	$0.34	$0.56	$2.48	$3.12	$3.12
Growth	-100.0%	-75.0%	-64.7%	-39.3%	-77.4%	-20.5%	0.0%	200.0%

Shares outstanding (basic) [+]	73.2	72.3	71.2	70.6	70.2	70.0	68.5	66.2
Growth	1.2%	1.5%	0.8%	0.6%	0.3%	2.2%	3.5%	-63.6%
Shares outstanding (diluted) [+]	74.5	72.3	71.2	70.6	70.2	70.0	68.5	66.2
Growth	3.0%	1.5%	0.8%	0.6%	0.3%	2.2%	3.5%	-63.9%

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