SELECT MEDICAL CORP [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	10-K
Revenues:
Specialty Hospitals					2,244.9	2,198.1	2,197.5	2,095.5
Outpatient Rehabilitation				810.0	819.4	777.2	751.3	708.9
Other				0.7	0.7	0.4	0.1	0.1
Other				3,078.0	129.3	22.8	100.5	60.8
Total revenues	5,081.3	4,365.2	4,217.5	3,888.7	3,194.3	2,998.4	3,049.4	2,865.3
Revenue growth [+]	16.4%	3.5%	8.5%	21.7%	6.5%	-1.7%	6.4%	19.9%
Specialty Hospitals					2.1%	0.0%	4.9%	23.1%
Outpatient Rehabilitation				-1.1%	5.4%	3.4%	6.0%	3.0%
Other				0.4%	106.0%	184.6%	1.7%	12.0%
Cost of goods sold	4,341.1	3,735.3	3,665.4	3,211.5	2,582.3	2,495.5	2,443.6	2,308.6
Gross profit	740.2	629.9	552.1	677.2	612.0	502.9	605.9	556.7
Gross margin	14.6%	14.4%	13.1%	17.4%	19.2%	16.8%	19.9%	19.4%
Selling, general and administrative [+]	121.3	114.0	106.9	92.1	85.2	76.9	66.2	62.4
General and administrative	121.3	114.0	106.9	92.1	85.2	76.9	66.2	62.4
Equity in earnings	21.9	21.1	19.9	16.8	7.0	2.5	7.7	2.9
Other operating expenses				205.4	173.9	60.2	139.5	112.1
Adjusted EBITDA	664.2	556.2	482.5	411.6	371.1	375.3	405.8	386.0
Adjusted EBITDA margin	13.1%	12.7%	11.4%	10.6%	11.6%	12.5%	13.3%	13.5%
Stock-based compensation	23.3	19.3	17.4	15.0	11.2	7.0	5.7	3.7
EBITDA [+]	640.8	536.9	465.1	396.6	359.9	368.3	407.9	385.2
EBITDA growth	19.3%	15.4%	17.3%	10.2%	-2.3%	-9.7%	5.9%	26.5%
EBITDA margin	12.6%	12.3%	11.0%	10.2%	11.3%	12.3%	13.4%	13.4%
Depreciation and amortization	201.7	160.0	145.3	105.0	68.4	64.4	63.3	71.5
EBIT [+]	439.2	376.9	319.8	291.6	291.5	303.9	344.6	313.6
EBIT growth	16.5%	17.9%	9.7%	0.0%	-4.1%	-11.8%	9.9%	33.1%
EBIT margin	8.6%	8.6%	7.6%	7.5%	9.1%	10.1%	11.3%	10.9%
Interest expense, net [+]	198.5	154.7	170.1	112.8	85.4		95.0	98.9
Interest expense	198.5	154.7	170.1	112.8	85.4		95.0	99.2
Interest income								0.3
Other income (expense), net [+]	-5.1	-19.8	31.0	29.6	-2.3	-106.1	-6.1	-31.0
Gain (loss) on debt retirement	-14.2	-19.7	-11.6		-2.3	-18.7	-6.1	-31.0
Other non-operating gains/losses				29.6
Other				29.6
Pre-tax income	235.6	202.5	180.7	208.4	203.8	197.8	243.6	183.7
Income taxes	58.6	-18.2	55.5	72.4	75.6	74.8	89.7	71.0
Tax rate	24.9%		30.7%	34.8%	37.1%	37.8%	36.8%	38.6%
Minority interest	39.1	43.5	9.9	5.3	7.5	8.6	5.7	4.9
Net income	137.8	177.2	115.4	130.7	120.6	114.4	148.2	107.8
Net margin	2.7%	4.1%	2.7%	3.4%	3.8%	3.8%	4.9%	3.8%

Basic EPS [+]	$1.06	$1.37	$0.90	$1.03	$0.93	$0.84	$1.07	$0.72
Growth	-22.9%	52.2%	-12.0%	9.7%	11.9%	-21.8%	49.1%	46.9%
Diluted EPS [+]	$1.06	$1.37	$0.90	$1.02	$0.93	$0.83	$1.07	$0.72
Growth	-22.9%	52.1%	-11.9%	9.8%	11.6%	-21.7%	49.0%	46.9%

Dividends per share [+]				$0.10	$0.40	$0.30	$1.50
Growth			-100.0%	-75.0%	33.3%	-80.0%

Shares outstanding (basic) [+]	130.2	129.0	127.8	127.5	129.0	136.9	138.8	150.5
Growth	0.9%	0.9%	0.3%	-1.2%	-5.7%	-1.4%	-7.8%	-5.5%
Shares outstanding (diluted) [+]	130.3	129.1	128.0	127.8	129.5	137.0	139.0	150.7
Growth	0.9%	0.9%	0.2%	-1.3%	-5.5%	-1.4%	-7.8%	-5.5%

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