MONARCH CASINO & RESORT INC (MCRI) [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	477.9	395.4	184.4	249.2	240.3	230.7	217.0	404.5
Revenue growth	20.9%	114.4%	-26.0%	3.7%	4.2%	6.3%	-46.3%	7.7%
Cost of goods sold	211.2	172.8	75.2	122.3	117.1	112.2	105.2	99.0
Gross profit	266.7	222.6	109.2	126.9	123.3	118.5	111.8	305.5
Gross margin	55.8%	56.3%	59.2%	50.9%	51.3%	51.4%	51.5%	75.5%
Selling, general and administrative	97.6	84.4	60.4	69.3	65.8	62.7	57.7	54.8
EBITA	111.5	90.4	16.5	40.8	44.0	41.9	41.0	32.6
EBITA margin	23.3%	22.9%	8.9%	16.4%	18.3%	18.1%	18.9%	8.1%
Amortization of intangibles	0.1	0.5	1.2	1.2	1.2	1.2	1.2
EBIT	111.4	89.9	15.3	39.6	42.8	40.7	39.8	32.6
EBIT margin	23.3%	22.7%	8.3%	15.9%	17.8%	17.6%	18.4%	8.1%
Pre-tax income	109.0	85.4	15.0	39.6	42.6	39.7	37.9	31.9
Income taxes	21.5	16.9	-8.7	7.8	8.6	14.2	13.4	11.2
Tax rate	19.8%	19.8%		19.6%	20.0%	35.7%	35.2%	35.2%
Net income	87.5	68.5	23.7	31.8	34.1	25.5	24.6	20.7
Net margin	18.3%	17.3%	12.8%	12.8%	14.2%	11.1%	11.3%	5.1%

Diluted EPS	$4.47	$3.53	$1.25	$1.70	$1.84	$1.39	$1.39	$1.19
Shares outstanding (diluted)	19.6	19.4	18.9	18.7	18.6	18.4	17.7	17.3

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