RESOURCE AMERICA, INC. (REXI) [Rocket]

In millions, except per share items	Dec-31-15	Dec-31-14	Dec-31-13	Dec-31-12	Sep-30-12	Dec-31-11	Sep-30-11	Sep-30-10
	10-K	10-K	10-K	10-K	10-K/A	10-K	10-K/A	10-K/A
Revenues:
Total Consolidation	99.9	83.8	76.6	153.1		168.5
Financial fund management	20.4	29.1	19.8	18.1	22.0	24.1	25.8	33.1
RSO	12.0	11.7	10.0	14.0	10,667.0	7.1	6,968.0
Other								55.6
Total revenues	99.9	83.8	76.6	153.1	170.9	168.5	166.9	88.7
Revenue growth [+]	19.1%	9.5%	-50.0%	-9.2%	2.4%		88.1%	249.1%
Total Consolidation	19.1%	9.5%	-50.0%	-9.2%
Financial fund management	-29.9%	47.3%	9.5%	-25.1%	-15.0%		-22.0%	-0.6%
RSO	2.1%	17.9%	-28.7%	96.5%	53.1%
Commercial finance					-91.4%		-7.9%	-51.4%
Cost of goods sold	47.3	37.4	40.6	57.6	52.9	99.1	109.3	96.9
Gross profit	52.6	46.4	36.0	95.5	118.0	69.5	57.7	-8.2
Gross margin	52.6%	55.4%	47.0%	62.4%	69.1%	41.2%	34.5%	-9.2%
Selling, general and administrative [+]	15.8	11.1	10.3	9.8	10.5	11.3	11.5
General and administrative	15.8	11.1	10.3	9.8	10.5	11.3	11.5	0.0
Other operating expenses	15.9	18.9	14.5
EBITDA [+]	20.9	16.5	11.4
EBITDA growth	26.7%	44.1%	-86.3%	79.9%	193.6%		-532.0%	-142.1%
EBITDA margin	20.9%	19.6%	14.9%	54.6%	60.8%	27.6%	21.2%	-9.2%
Depreciation	2.0	1.9	2.1					-0.8
EBITA	18.8	14.5	9.3	83.6	103.9	46.5	35.4	-7.4
EBITA margin	18.9%	17.3%	12.1%	54.6%	60.8%	27.6%	21.2%	-8.3%
Amortization of intangibles								0.8
EBIT [+]	18.8	14.5	9.3	83.6	103.9	46.5	35.4	-8.2
EBIT growth	29.6%	56.5%	-88.9%	79.9%	193.6%		-532.0%	-177.5%
EBIT margin	18.9%	17.3%	12.1%	54.6%	60.8%	27.6%	21.2%	-9.2%
Non-recurring items [+]				54.9	63.7	8.7
Asset impairment				2.3	2.3			2.8
Interest expense	1.8	1.9	2.0	2.3	4.7	15.9	15.3
Interest expense	1.8	1.9	2.0	2.3	4.7	15.9	15.3
Other income (expense), net [+]	-3.0	3.0	2.6	88.5	80.4	10.3	9.2	-11.8
Other	-4.7	3.6	3.4	86.2	75.7	-5.7	-6.2	-11.8
Pre-tax income	14.1	15.6	9.8	114.9	116.0	32.1	29.2	-19.9
Income taxes	5.9	5.9	1.7	90.9	28.1	45.1	7.4	-6.5
Tax rate	41.6%	37.5%	16.8%	79.1%	24.2%	140.7%	25.4%	32.6%
Minority interest	2.0	0.7	0.0		0.2		2.1
Earnings from continuing ops	6.2	9.0	8.2	174.4	175.5	47.7	41.5	-34.6
Earnings from discontinued ops			0.0	0.0	-0.1	-2.2	-2.2	0.6
Net income	6.2	9.0	8.2	174.3	175.4	45.5	39.3	-34.0
Net margin	6.2%	10.8%	10.7%	113.9%	102.7%	27.0%	23.5%	-38.3%

Basic EPS [+]	$0.28	$0.43	$0.40	$8.75	$8.89	$2.42	$2.13	($1.83)
Growth	-34.7%	5.5%	-95.4%	261.1%	318.2%		-216.4%	133.3%
Diluted EPS [+]	$0.28	$0.40	$0.37	$8.31	$8.51	$2.42	$2.13	($1.83)
Growth	-31.7%	8.1%	-95.5%	242.6%	300.1%		-216.4%	133.3%

Dividends per share [+]	$0.24	$0.22	$0.15	$0.12	$0.12	$0.12	$0.12	$0.09
Growth	9.1%	46.7%	25.0%	0.0%	0.0%		33.3%	-55.0%

Shares outstanding (basic) [+]	22.2	21.1	20.2	19.9	19.7	19.7	19.5	18.9
Growth	5.1%	4.6%	1.5%	1.2%	1.1%		3.1%	2.4%
Shares outstanding (diluted) [+]	22.5	22.4	21.9	21.0	20.6	19.7	19.5	18.9
Growth	0.5%	2.1%	4.3%	6.7%	5.7%		3.1%	2.4%

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