CHICAGO BRIDGE & IRON CO N V (CBI) [Rocket]

In millions, except per share items	Dec-31-17	Dec-31-16	Dec-31-15	Dec-31-14	Dec-31-13	Dec-31-12	Dec-31-11	Dec-31-10
	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K
Revenues:
Fabrication Services	1,827.1	2,200.5	2,464.0	2,739.0	2,777.4	1,692.5	1,789.8
Engineering & Construction	721.0	6,114.7	7,767.7	7,623.4	6,215.2
Intersegment Eliminations	474.4	335.1	382.2		237.1
Other	3,650.8		16.9	2,612.6	1,864.8	3,792.7	2,760.7
Total revenues	6,673.3	8,599.6	10,630.8	12,974.9	11,094.5	5,485.2	4,550.5	3,642.3
Revenue growth [+]	-22.4%	-19.1%	-18.1%	16.9%	102.3%	20.5%	24.9%	-20.1%
Fabrication Services	-17.0%	-10.7%	-10.0%	-1.4%	64.1%	-5.4%
Engineering & Construction	-88.2%	-21.3%	1.9%	22.7%
Intersegment Eliminations	41.6%	-12.3%
Cost of goods sold	6,666.2	7,722.2	9,277.3	11,508.5	9,895.5	4,786.5	3,980.3	3,150.3
Gross profit	7.1	877.4	1,353.5	1,466.4	1,199.0	698.7	570.2	492.1
Gross margin	0.1%	10.2%	12.7%	11.3%	10.8%	12.7%	12.5%	13.5%
Selling, general and administrative	275.4	298.0	336.3	405.2	379.5	227.9	205.6	185.2
Equity in earnings	-48.4	-24.6	-14.8	-25.2	-23.5	-17.9	-16.9	-19.5
Other operating expenses	-150.1	151.8	1,078.7	38.9	39.3	4.1	9.5	3.6
EBITDA [+]	-25.9	550.1	99.6	1,203.7	960.3	533.1	425.4	356.7
EBITDA growth	-104.7%	452.0%	-91.7%	25.3%	80.1%	25.3%	19.3%	-0.6%
EBITDA margin	-0.4%	6.4%	0.9%	9.3%	8.7%	9.7%	9.3%	9.8%
Depreciation and amortization	66.4	96.7	123.5	114.9	118.9	43.8	43.9	49.2
EBITA	-92.3	453.4	-23.8	1,088.8	841.4	489.3	381.5	307.5
EBITA margin	-1.4%	5.3%	-0.2%	8.4%	7.6%	8.9%	8.4%	8.4%
Amortization of intangibles	25.8	25.8	37.7	66.5	61.1	22.6	26.3	23.7
EBIT [+]	-118.2	427.5	-61.5	1,022.3	780.2	466.6	355.2	283.8
EBIT growth	-127.6%	-795.3%	-106.0%	31.0%	67.2%	31.4%	25.2%	1.7%
EBIT margin	-1.8%	5.0%	-0.6%	7.9%	7.0%	8.5%	7.8%	7.8%
Non-recurring items [+]	177.2		453.1	39.7	95.7	11.0
Asset impairment			453.1
Restructuring charges	114.5			39.7	95.7	11.0
Interest expense, net [+]	225.8	69.4	63.5	75.1	80.6	11.6	3.2	11.7
Interest expense	228.9	81.2	70.5	83.6	87.6	19.6	11.0	16.7
Interest income	3.1	11.8	7.0	8.5	6.9	8.0	7.8	5.0
Other income (expense), net								19.5
Pre-tax income	-521.2	358.2	-578.0	907.5	603.9	444.1	352.0	291.5
Income taxes	798.9	-20.9	-102.2	271.4	91.3	127.0	96.8	80.0
Tax rate			17.7%	29.9%	15.1%	28.6%	27.5%	27.4%
Minority interest	33.6	73.3	74.5	92.5	58.5	15.4	0.2	7.0
Earnings from continuing ops	-1,353.7	684.8	-1,026.2	543.6	454.1	301.7	255.0	204.6
Earnings from discontinued ops	-104.5	-618.9	45.9
Net income	-1,458.2	65.9	-980.3	543.6	454.1	301.7	255.0	204.6
Net margin	-21.9%	0.8%	-9.2%	4.2%	4.1%	5.5%	5.6%	5.6%

Basic EPS [+]	($13.40)	$6.66	($9.61)	$5.03	$4.29	$3.12	$2.60	$2.08
Growth	-301.2%	-169.3%	-291.0%	17.4%	37.3%	20.0%	25.0%	14.4%
Diluted EPS [+]	($13.40)	$6.61	($9.61)	$4.98	$4.23	$3.07	$2.55	$2.04
Growth	-302.9%	-168.7%	-292.9%	17.9%	37.6%	20.7%	25.0%	13.6%

Dividends per share [+]	$0.14	$0.28	$0.28	$0.28	$0.20	$0.20	$0.20
Growth	-50.0%	0.0%	0.0%	40.0%	0.0%	0.0%

Shares outstanding (basic) [+]	101.0	102.8	106.8	108.0	105.9	96.6	98.0	98.3
Growth	-1.8%	-3.7%	-1.2%	2.0%	9.6%	-1.4%	-0.3%	2.6%
Shares outstanding (diluted) [+]	101.0	103.7	106.8	109.1	107.5	98.2	100.2	100.5
Growth	-2.6%	-2.9%	-2.2%	1.6%	9.4%	-2.0%	-0.3%	3.3%

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