AgroFresh Solutions, Inc. (AGFS) [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-31-14
	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K
Total revenues	161.9	166.0	157.6	170.1	178.8	164.0	159.7	158.8
Revenue growth	-2.4%	5.3%	-7.3%	-4.9%	9.0%	2.7%
Cost of goods sold	53.4	49.0	42.2	45.0	46.3	32.7	60.0	29.4
Gross profit	108.5	117.0	115.4	125.0	132.5	131.4	99.7	129.4
Gross margin	67.0%	70.5%	73.2%	73.5%	74.1%	80.1%	62.4%	81.5%
Selling, general and administrative	52.6	52.6	53.9	59.4	65.8	61.8	61.9	29.2
Research and development	12.1	12.9	12.4	14.1	13.9	13.8	14.8	17.8
Other operating expenses			-3.0				29.5	29.8
EBITDA [+]	46.9	54.3	55.4	53.8	54.5	58.2	36.4	83.0
EBITDA growth	-13.6%	-2.1%	3.0%	-1.3%	-6.3%	60.1%
EBITDA margin	28.9%	32.7%	35.2%	31.6%	30.5%	35.5%	22.8%	52.3%
Depreciation	3.0	2.8	3.2	2.3	1.6	2.4	2.5	0.6
EBITA	43.9	51.5	52.2	51.5	52.9	55.7	33.8	82.4
EBITA margin	27.1%	31.0%	33.1%	30.3%	29.6%	34.0%	21.2%	51.9%
Amortization of intangibles	42.6	43.0	43.7	81.1	45.9	41.9	40.3	29.8
EBIT [+]	1.2	8.5	8.5	-29.7	6.9	13.8	-6.5	52.6
EBIT growth	-85.5%	0.7%	-128.5%	-528.3%	-49.9%	-312.9%
EBIT margin	0.8%	5.1%	5.4%	-17.4%	3.9%	8.4%	-4.1%	33.1%
Non-recurring items [+]		6.4		11.1	-0.4	-26.9	30.4
Asset impairment		6.4		11.4	2.6		84.0
Loss on contingent liability				-0.3	-3.0	-26.9	-53.6
Interest expense	22.2	21.8	23.7	33.8	34.5	35.8	58.2	0.0
Interest expense	22.2	21.8	23.7	33.8	34.5	35.8	58.2	0.0
Other income (expense), net [+]	-13.4	16.1	-6.4	-4.1	-1.3	14.0	-3.4
Gain (loss) on debt retirement			-5.0
Gain (loss) on foreign currency transactions	-9.3	2.1	-2.8	-4.1	-1.7	13.3	-3.3
Other	-4.1	14.0	1.5	0.0	0.4	0.6	-0.2
Pre-tax income	-34.4	-3.5	-21.6	-78.7	-28.4	19.0	-98.5	52.6
Income taxes	-0.6	2.6	31.4	-24.5	1.8	-4.6	13.0	25.1
Tax rate	1.8%			31.1%				47.8%
Minority interest	-0.4	-0.7	0.7	-0.6	-0.2	0.1
Net income	-59.8	-30.3	-64.2	-53.6	-30.1	23.5	-111.6	27.5
Net margin	-36.9%	-18.3%	-40.7%	-31.5%	-16.8%	14.3%	-69.9%	17.3%

Basic EPS [+]	($1.15)	($0.59)	($1.26)	($1.07)	($0.60)	$0.47	($2.26)
Growth	94.1%	-53.3%	18.3%	77.4%	-227.9%	-120.9%
Diluted EPS [+]	($1.15)	($0.59)	($1.26)	($1.07)	($0.60)	$0.47	($2.26)
Growth	94.1%	-53.3%	18.3%	77.4%	-228.9%	-120.7%

Dividends per share [+]	$0.20	$0.27	$0.10
Growth	-24.9%	162.4%

Shares outstanding (basic) [+]	52.2	51.4	50.8	50.1	49.9	49.8	49.5
Growth	1.5%	1.3%	1.3%	0.5%	0.2%	0.7%
Shares outstanding (diluted) [+]	52.2	51.4	50.8	50.1	49.9	50.2	49.5
Growth	1.5%	1.3%	1.3%	0.5%	-0.6%	1.5%

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