INVESTMENT TECHNOLOGY GROUP, INC. (ITG) [Rocket]

In millions, except per share items	Dec-31-18	Dec-31-17	Dec-31-16	Dec-31-15	Dec-31-14	Dec-31-13	Dec-31-12	Dec-31-11
	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K/A
Revenues:
United States	191.4	205.0	229.7	285.2	306.5	317.9	321.4	375.5
Europe	168.6	151.5	125.9	129.7	127.4	91.6	67.3	70.7
Asia Pacific	74.5	62.2	47.9	48.2	46.9	45.7	38.9	40.3
Canada	72.0	63.3	61.8	63.0	77.6	74.2	76.9	85.6
Other	3.0	1.7	3.7	108.6	1.3	1.5
Total revenues	509.5	483.7	469.1	634.8	559.8	530.8	504.4	572.0
Revenue growth [+]	5.3%	3.1%	-26.1%	13.4%	5.5%	5.2%	-11.8%	0.2%
United States	-6.6%	-10.7%	-19.5%	-7.0%	-3.6%	-1.1%	-14.4%	-2.6%
Europe	11.3%	20.3%	-2.9%	1.8%	39.1%	36.2%	-4.8%	-3.6%
Asia Pacific	19.7%	29.8%	-0.5%	2.7%	2.7%	17.6%	-3.5%	21.0%
Canada	13.7%	2.4%	-1.9%	-18.8%	4.7%	-3.6%	-10.1%	9.0%
Corporate	74.7%	-53.7%	-96.6%	8224.7%	-10.5%	13.5%
Cost of goods sold [+]	244.7	253.3	245.1	266.8	275.6	270.3	259.0	279.5
Labor costs	183.9	184.7	188.9	209.3	215.8	201.3	196.4	219.3
Sales commissions and fees						201.3	196.4	219.3
Occupancy costs	60.8	68.6	56.2	57.5	59.8	69.0	62.6	60.2
Gross profit	264.7	230.4	224.0	368.0	284.2	260.5	245.4	292.5
Gross margin	52.0%	47.6%	47.8%	58.0%	50.8%	49.1%	48.7%	51.1%
Selling, general and administrative [+]	88.3	72.6	108.5	101.9	79.3	77.4	88.5	90.8
General and administrative	88.3	72.6	108.5	101.9	79.3	77.4	88.5	90.8
Other selling, general and administrative
Research and development	51.5	48.5	56.6	51.5	51.2	53.6	59.9	58.5
Other operating expenses	102.3	100.7	90.3	86.6	86.4	83.8	81.2	91.6
EBITDA [+]	66.5	53.7	12.1	172.1	116.7	99.3	72.4	110.7
EBITDA growth	23.8%	343.1%	-93.0%	47.5%	17.5%	37.2%	-34.6%	-10.9%
EBITDA margin	13.1%	11.1%	2.6%	27.1%	20.8%	18.7%	14.3%	19.4%
Depreciation	42.9	43.9	41.6	41.0	45.1	49.6	51.5	54.9
EBITA	23.7	9.8	-29.5	131.2	71.6	49.7	20.9	55.9
EBITA margin	4.6%	2.0%	-6.3%	20.7%	12.8%	9.4%	4.1%	9.8%
Amortization of intangibles	1.0	1.3	1.9	3.2	4.3	4.0	5.0	4.2
EBIT [+]	22.7	8.6	-31.4	128.0	67.3	45.7	15.9	51.7
EBIT growth	164.9%	-127.2%	-124.5%	90.1%	47.3%	187.9%	-69.3%	-16.5%
EBIT margin	4.4%	1.8%	-6.7%	20.2%	12.0%	8.6%	3.1%	9.0%
Non-recurring items [+]	10.6		9.6	4.9		-0.1	283.8	256.3
Asset impairment							274.3	229.3
Interest expense	2.0	2.0	2.2	1.8	2.3	2.7	2.5	2.0
Interest expense	2.0	2.0	2.2	1.8	2.3	2.7	2.5	2.0
Pre-tax income	10.1	6.5	-43.2	121.2	65.0	43.1	-270.5	-206.6
Income taxes	9.4	46.0	-17.3	29.7	14.1	12.0	-22.6	-26.8
Tax rate	93.2%	704.4%	40.1%	24.5%	21.7%	27.8%	8.4%	13.0%
Net income	0.7	-39.4	-25.9	91.6	50.9	31.1	-247.9	-179.8
Net margin	0.1%	-8.2%	-5.5%	14.4%	9.1%	5.9%	-49.1%	-31.4%

Basic EPS [+]	$0.02	($1.19)	($0.79)	$2.70	$1.44	$0.84	($6.45)	($4.42)
Growth	-101.8%	51.7%	-129.2%	87.6%	70.4%	-113.1%	46.0%	-888.0%
Diluted EPS [+]	$0.02	($1.19)	($0.79)	$2.63	$1.40	$0.82	($6.45)	($4.42)
Growth	-101.7%	51.7%	-129.9%	87.9%	71.6%	-112.6%	46.0%	-901.4%

Dividends per share [+]	$0.28	$0.28	$0.28	$0.21
Growth	0.1%	0.0%	33.7%

Shares outstanding (basic) [+]	33.0	33.0	32.9	33.9	35.3	36.8	38.4	40.7
Growth	0.0%	0.3%	-3.0%	-4.1%	-3.9%	-4.2%	-5.6%	-4.9%
Shares outstanding (diluted) [+]	34.4	33.0	32.9	34.8	36.4	38.1	38.4	40.7
Growth	4.2%	0.3%	-5.5%	-4.3%	-4.6%	-0.8%	-5.6%	-6.4%

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