TEEKAY TANKERS LTD. (TNK) [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-31-16	Dec-31-15
	20-F	20-F	20-F	20-F	20-F	20-F	20-F	20-F
Revenues:
Tankers			879.4	913.8	750.8
Ship To Ship Transfer			7.0	30.1	25.7
Conventional Tankers								516.9
Ship-to-Ship Transfer								18.6
Total revenues [+]	1,063.1	542.4	886.4	943.9	776.5	431.2	550.5	534.7
Cargo & freight								41.9
Lease / rental								75.4
Other								36.4
Revenue growth [+]	96.0%	-38.8%	-6.1%	21.6%	80.1%	-21.7%	3.0%	113.9%
Tankers			-3.8%	21.7%
Ship To Ship Transfer			-76.8%	17.0%
Cost of goods sold [+]	646.1	480.5	481.5	610.9	590.4	283.4	295.8	230.8
Cost of services								18.7
Lease costs						-30.7	-59.6	-74.9
Direct costs						-175.4	-182.6	-137.2
Maintenance and operations costs	-150.4	-165.4	-184.2	-208.6	-209.1
Gross profit	417.1	61.9	405.0	333.0	186.1	147.8	254.7	303.9
Gross margin	39.2%	11.4%	45.7%	35.3%	24.0%	34.3%	46.3%	56.8%
Selling, general and administrative [+]	41.8	43.7	39.0	36.4	39.8	32.9	33.2	30.4
General and administrative [+]	41.8	43.7	39.0	36.4	39.8	32.9	33.2	30.4
General and administrative expenses	41.8	43.7	39.0	36.4	39.8	32.9	33.2	30.4
Equity in earnings	0.2	-14.1	5.1	2.3	1.2	-25.4	7.7	11.5
Other operating expenses	9.6	13.8	36.3	43.2	19.2
EBITDA [+]	365.9	-9.8	334.7	255.8	128.3	89.5	229.2	285.0
EBITDA growth	-3853.2%	-102.9%	30.9%	99.4%	43.3%	-60.9%	-19.6%	136.4%
EBITDA margin	34.4%	-1.8%	37.8%	27.1%	16.5%	20.8%	41.6%	53.3%
Depreciation	99.0	106.1	117.2	124.0	115.6	97.2	100.2	73.8
EBITA	266.9	-115.8	217.5	131.8	12.7	-7.7	128.9	211.3
EBITA margin	25.1%	-21.4%	24.5%	14.0%	1.6%	-1.8%	23.4%	39.5%
Amortization of intangibles					2.9	3.3	3.9
EBIT [+]	266.9	-115.8	217.5	131.8	9.8	-11.0	125.0	211.3
EBIT growth	-330.4%	-153.3%	65.1%	1246.1%	-189.2%	-108.8%	-40.8%	214.0%
EBIT margin	25.1%	-21.4%	24.5%	14.0%	1.3%	-2.5%	22.7%	39.5%
Non-recurring items [+]	10.7	92.4	70.8	5.5	1.4	13.0	20.6	6.0
Asset impairment	8.9	92.4	69.4	5.5	0.2
Loss (gain) on sale of assets						13.0	20.6	-0.8
Interest expense, net [+]	34.4	34.9	50.3	64.5	57.8	30.4	29.7	17.3
Interest expense	35.7	35.0	51.5	65.4	58.7	31.3	29.8	17.4
Interest income	1.3	0.1	1.2	0.9	0.9	0.9	0.1	0.1
Other income (expense), net [+]	7.8	-1.2	-1.7	-0.3	6.2	54.3	-74.8	-188.0
Gain (loss) on derivative instruments	5.2	0.6	-2.2	-1.0	3.0	1.3	-1.0	-1.6
Other	2.6	-1.8	1.7	0.7	3.2	0.3	1.5	-2.7
Pre-tax income	229.6	-244.3	94.6	61.5	-43.1	0.0	0.0	0.0
Income taxes	0.5	-1.9	7.3	20.1	9.4	0.0	0.0	0.0
Tax rate	0.2%	0.8%	7.7%	32.7%
Net income	229.1	-242.4	87.3	41.4	-52.5	-58.0	67.8	183.6
Net margin	21.5%	-44.7%	9.9%	4.4%	-6.8%	-13.5%	12.3%	34.3%

Basic EPS [+]	$6.74	($7.16)	$2.59	$1.23	($1.57)	($0.31)	$0.40	$1.28
Growth	-194.1%	-376.4%	110.5%	-178.6%	405.2%	-177.7%	-68.8%	81.0%
Diluted EPS [+]	$6.68	($7.16)	$2.57	$1.23	($1.57)	($0.31)	$0.40	$1.27
Growth	-193.3%	-378.1%	109.9%	-178.3%	405.2%	-177.8%	-68.7%	81.1%

Dividends per share [+]					$0.24	$0.12	$0.18	$0.24
Growth				-100.0%	100.0%	-33.3%	-25.0%	100.0%

Shares outstanding (basic) [+]	34.0	33.9	33.7	33.6	33.6	187.2	170.1	143.9
Growth	0.4%	0.4%	0.3%	0.2%	-82.1%	10.1%	18.2%	67.6%
Shares outstanding (diluted) [+]	34.3	33.9	33.9	33.7	33.6	187.2	170.3	144.5
Growth	1.3%	-0.2%	0.6%	0.5%	-82.1%	9.9%	17.9%	67.5%

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