LAUREATE EDUCATION, INC. (LAUR) [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
Revenues	1,242.3	1,086.7	1,024.9	1,212.1	1,144.6	3,333.1	3,301.9	4,291.7
Revenue growth	14.3%	6.0%	-15.4%	5.9%	-65.7%	0.9%	-23.1%	-2.8%
Cost of goods sold	907.4	814.5	802.5	949.5	904.0	2,775.3	2,788.7	3,760.0
Gross profit	334.9	272.2	222.5	262.6	240.6	557.7	513.2	531.6
Gross margin	27.0%	25.0%	21.7%	21.7%	21.0%	16.7%	15.5%	12.4%
Selling, general and administrative
General and administrative	64.8	204.4	199.8	226.3	267.4	315.5	222.5	194.7
EBITA	270.3	18.4	-321.5	36.2	-26.8	246.8	301.9	359.9
EBITA margin	21.8%	1.7%	-31.4%	3.0%	-2.3%	7.4%	9.1%	8.4%
Amortization of intangibles		23.1	7.6			11.5	11.2	20.4
EBIT	270.3	-4.6	-329.1	36.2	-26.8	235.3	290.8	339.5
EBIT margin	21.8%	-0.4%	-32.1%	3.0%	-2.3%	7.1%	8.8%	7.9%
Pre-tax income	245.9	-137.5	-450.8	-119.7	-120.1	-76.8	367.1	-200.6
Income taxes	185.4	145.6	-130.1	31.0	71.2	-93.0	34.4	117.7
Tax rate	75.4%		28.9%			121.1%	9.4%
Earnings from continuing ops	61.3	-577.5	-315.2	-149.7	-180.9	-284.4	370.3	-322.4
Earnings from discontinued ops	8.3	486.9	-298.1	1,088.1	562.2	77.4
Net income	69.6	-90.6	-613.3	938.5	381.4	-207.0	370.3	-322.4
Net margin	5.6%	-8.3%	-59.8%	77.4%	33.3%	-6.2%	11.2%	-7.5%

Diluted EPS	$145,983,333.33	($571,781,188.12)	$107,586,006.83	($0.67)	($0.85)	$237,018,333.33	$2.76	($2.43)
Shares outstanding (diluted)	0.0	0.0	0.0	221.9	212.8	0.0	134.4	133.0

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