Antero Midstream Partners LP (AM) [Rocket]

In millions, except per share items	Dec-31-18	Dec-31-17	Dec-31-16	Dec-31-15	Dec-31-14	Dec-31-13	Dec-31-12	Dec-31-11
	10-K	10-K	10-K	10-K	10-K	10-K	10-K	S-1/A
Revenues:
Gathering & Processing	521.1	396.5	307.9	230.6	95.7
Water Handling & Treatment	507.4	376.0	282.3	156.7	170.5
Total revenues	1,028.5	772.5	590.2	387.3	266.3	58.2	1.3	1.2
Revenue growth [+]	33.1%	30.9%	52.4%	45.5%	357.2%	4383.0%	4.5%
Gathering & Processing	31.4%	28.7%	33.5%	140.8%
Water Handling & Treatment	34.9%	33.2%	80.1%	-8.1%
Cost of goods sold	316.4	232.5	161.6	160.7	99.1	7.9	0.7	0.8
Gross profit	712.1	540.0	428.6	226.6	167.1	50.4	0.6	0.4
Gross margin	69.2%	69.9%	72.6%	58.5%	62.8%	86.5%	49.8%	35.5%
Selling, general and administrative [+]	61.6	58.8	54.2	51.2	30.4	34.1	2.9	0.4
General and administrative	61.6	58.8	54.2	51.2	30.4	34.1	2.9	0.4
Equity in earnings	40.3	20.2	0.5
Other operating expenses	-92.9	13.5	12.6	-78.5	-50.3		0.7	0.8
EBITDA [+]	783.6	487.9	362.3	253.9	187.1	16.3	-2.9	-0.8
EBITDA growth	60.6%	34.7%	42.7%	35.7%	1047.9%	-662.2%	282.5%
EBITDA margin	76.2%	63.2%	61.4%	65.6%	70.3%	28.0%	-223.2%	-61.0%
Depreciation and amortization	130.0	119.6	99.9	86.7	53.0	14.1	1.7	1.0
EBIT [+]	653.6	368.3	262.5	167.3	134.1	2.2	-4.6	-1.8
EBIT growth	77.5%	40.3%	56.9%	24.8%	6052.3%	-147.6%	160.9%
EBIT margin	63.5%	47.7%	44.5%	43.2%	50.3%	3.7%	-352.4%	-141.2%
Non-recurring items [+]	5.8	23.4	3.9
Asset impairment	5.8	23.4
Loss (gain) on sale of assets			3.9
Interest expense	61.9	37.6	21.9	8.2	6.2	0.2	0.0	0.0
Interest expense	61.9	37.6	21.9	8.2	6.2	0.2	0.0	0.0
Other income (expense), net						-2.0		1.8
Pre-tax income	585.9	307.3	236.7	159.1	127.9	0.0	-4.6	0.0
Income taxes	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Tax rate	0.0%	0.0%	0.0%	0.0%	0.0%		0.0%
Net income	443.0	237.6	219.8	117.6	7.4	2.0	-4.6	0.0
Net margin	43.1%	30.8%	37.2%	30.4%	2.8%	3.5%	-353.0%	0.0%

Basic EPS [+]	$2,364.16	$1,276.82	$1.24	$0.74	$0.05
Growth	85.2%	102533.7%	67.6%	1384.7%
Diluted EPS [+]	$2.37	$1.28	$1.24	$0.74	$0.05
Growth	85.1%	3.0%	67.5%	1384.3%

Dividends per share [+]			$1.03	$4.60	$2.24
Growth		-100.0%	-77.5%	105.1%

Shares outstanding (basic) [+]	0.2	0.2	176.6	158.5	148.4
Growth	0.7%	-99.9%	11.5%	6.8%
Shares outstanding (diluted) [+]	187.0	185.6	176.8	158.5	148.4
Growth	0.8%	5.0%	11.5%	6.8%

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