SILVERBOW RESOURCES, INC. (SBOW) [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-31-15	Dec-31-14
	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K
Revenues:
Oil and gas sales								547.8
Price-risk management and other, net								1.7
Total revenues	753.4	407.2	177.4	288.6	257.3	204.1	246.3	549.5
Revenue growth [+]	85.0%	129.6%	-38.5%	12.2%	26.0%		-55.2%	-6.0%
Oil and gas sales								-6.4%
Cost of goods sold [+]	41.8	19.3	10.5	13.9	11.4	8.2	109.0	151.4
Lease costs							70.2	93.2
Direct taxes							17.1	37.0
Natural gas midstream costs							21.7	21.1
Gross profit	711.7	387.9	166.9	274.8	245.9	195.9	137.3	398.1
Gross margin	94.5%	95.3%	94.1%	95.2%	95.6%	96.0%	55.7%	72.4%
Selling, general and administrative [+]	21.4	21.8	22.6	24.9	22.6	30.0	42.6	39.6
General and administrative	21.4	21.8	22.6	24.9	22.6	30.0	42.6	39.6
Other operating expenses	90.5	52.2	42.4	48.7	41.9	51.8	5.6	451.1
EBITDA [+]	599.8	313.9	101.9	201.2	181.4	114.1	89.1	-92.7
EBITDA growth	91.1%	208.1%	-49.4%	10.9%	59.0%		-196.1%	-128.7%
EBITDA margin	79.6%	77.1%	57.4%	69.7%	70.5%	55.9%	36.2%	-16.9%
Depreciation and amortization	134.0	68.6	64.6	95.9	68.0	46.9	177.5	267.6
EBIT [+]	465.8	245.3	37.3	105.3	113.4	67.2	-88.4	-360.3
EBIT growth	89.9%	557.1%	-64.6%	-7.1%	68.8%		-75.5%	-617.8%
EBIT margin	61.8%	60.2%	21.0%	36.5%	44.1%	32.9%	-35.9%	-65.6%
Non-recurring items [+]			355.9				1,562.1
Asset impairment			355.9				1,562.1
Interest expense	41.9	29.1	31.2	36.6	27.7	15.1	75.9	73.2
Interest expense	41.9	29.1	31.2	36.6	27.7	15.1	75.9	73.2
Other income (expense), net [+]	-64.2	-116.6	82.3	24.3	-10.2	17.9	-8.1
Reorganization items							-6.6
Unrealized gain/loss on derivatives	-73.9	-123.0	61.3	24.2	-9.8	17.9	0.2
Other	0.1	0.0	0.1	0.1	-0.4	0.0	-1.7
Pre-tax income	359.6	99.6	-267.6	93.1	75.5	70.0	-1,734.5	-433.5
Income taxes	9.6	6.4	20.9	-21.6	0.9	-2.0	-80.5	-150.0
Tax rate	2.7%	6.4%			1.2%		4.6%	34.6%
Net income	350.0	93.2	-288.5	114.7	74.6	72.0	-1,654.0	-283.4
Net margin	46.5%	22.9%	-162.6%	39.7%	29.0%	35.3%	-671.6%	-51.6%

Basic EPS [+]	$17.73	$7.10	($24.24)	$9.76	$6.40	$6.28	($37.20)	($6.47)
Growth	149.6%	-129.3%	-348.4%	52.4%	1.9%		474.8%	11383.4%
Diluted EPS [+]	$17.42	$6.89	($24.24)	$9.73	$6.34	$6.25	($37.20)	($6.47)
Growth	152.8%	-128.4%	-349.0%	53.5%	1.5%		474.8%	11383.4%

Shares outstanding (basic) [+]	19.7	13.1	11.9	11.8	11.7	11.5	44.5	43.8
Growth	50.5%	10.2%	1.3%	0.8%	1.8%		1.5%	1.1%
Shares outstanding (diluted) [+]	20.1	13.5	11.9	11.8	11.8	11.5	44.5	43.8
Growth	48.6%	13.6%	1.1%	0.1%	2.2%		1.5%	1.1%

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