IDEANOMICS, INC. (SSC) [Rocket]

In millions, except per share items	Dec-31-21	Dec-31-20	Dec-31-19	Dec-31-18	Dec-31-17	Dec-31-16	Dec-31-15	Dec-31-14
	10-K	10-K	10-K	10-K	10-K	10-K/A	10-K	10-K
Revenues:
Legacy YOD					0.8	4.5
Wecast Services					143.6	30.6
The United States of America (USA)					0.0
Total revenues	114.1	26.8	44.6	377.7	144.4	35.2	4.6	2.0
Revenue growth [+]	326.3%	-40.0%	-88.2%	161.7%	310.3%	663.8%	134.7%	535.8%
Legacy YOD					-82.5%
Wecast Services					368.5%
Cost of goods sold	90.9	24.7	1.5	244.1	137.2	35.6	3.7	2.8
Gross profit	23.2	2.1	43.1	133.6	7.2	-0.4	0.9	-0.8
Gross margin	20.4%	7.7%	96.7%	35.4%	5.0%	-1.0%	20.2%	-40.4%
Selling, general and administrative [+]	107.5	44.9	30.7	27.2	16.3	12.3	9.0	8.1
Sales and marketing	72.8	32.4	24.9	22.5	13.1	10.9	8.2
General and administrative	34.7	12.5	5.8	4.7	3.2	1.4	0.7
Other selling, general and administrative	72.8	32.4	24.9	22.5	13.1	10.9	8.2
Research and development	0.8	1.6		1.7	0.4
Equity in earnings				-0.2	-0.1	0.0	-0.2	0.0
Other operating expenses	-13.9	-20.5	-66.8	131.6		13.7
EBITDA [+]	-71.2	-24.0	79.2	-27.1	-9.7	-26.4	-8.2	-8.9
EBITDA growth	196.3%	-130.3%	-392.6%	179.0%	-63.2%	222.8%	-8.4%	-13.2%
EBITDA margin	-62.4%	-89.8%	177.8%	-7.2%	-6.7%	-75.0%	-177.5%	-454.9%
Depreciation	0.6	0.1	0.1	0.3	0.3	0.5	0.2	0.5
EBITA	-71.8	-24.1	79.1	-27.3	-10.0	-26.9	-8.4	-9.5
EBITA margin	-62.9%	-90.2%	177.5%	-7.2%	-6.9%	-76.5%	-181.6%	-482.2%
Amortization of intangibles	5.5	5.2	2.1	0.1			0.2
EBIT [+]	-77.3	-29.3	77.0	-27.4	-10.0	-26.9	-8.6	-9.5
EBIT growth	163.5%	-138.1%	-380.7%	174.0%	-62.8%	214.0%	-9.5%	-20.5%
EBIT margin	-67.7%	-109.6%	172.8%	-7.3%	-6.9%	-76.5%	-186.0%	-482.2%
Non-recurring items [+]	182.3	66.3	145.6	-1.0	0.2	2.0
Asset impairment	186.4	71.8	140.5	0.1	0.2	2.0
Loss (gain) on sale of business				-1.2
Unusual expense	-9.6	-5.5	5.1
Interest expense, net [+]	0.6	16.0	5.6	0.8	0.1	0.3	0.1	2.4
Interest expense	2.1	16.1	5.7	0.8	0.1	0.3	0.1	2.4
Interest income	1.5	0.1	0.1
Other income (expense), net [+]	3.2	13.5	-8.5	-1.3	-0.5	0.3	0.1	-1.5
Impairment of equity method investments						0.0	-0.2
Gain (loss) on sale of assets				-0.2				-0.6
Gain (loss) on debt retirement	0.3	8.9	-3.9
Change in fair value of warrants					-0.1	0.3	0.2
Other	1.3	6.6	-0.4	-0.1	-0.4	0.1	0.1	-0.1
Pre-tax income	-257.0	-98.1	-82.7	-28.5	-10.9	-28.8	-8.6	-13.3
Income taxes	11.8	3.3	-0.4	0.0	-0.4	-0.3	0.0	0.3
Tax rate			0.5%	0.1%	3.3%	1.1%	0.4%
Minority interest	-0.7	10.5	-0.9	-1.0	-0.4	-2.1	-0.4	0.6
Net income	-256.7	-111.8	-97.7	-28.4	-10.5	-26.4	-8.1	-28.8
Net margin	-225.0%	-417.7%	-219.1%	-7.5%	-7.3%	-75.1%	-175.9%	-1468.0%

Basic EPS [+]	($0.57)	($0.52)	($0.82)	($0.36)	($0.17)	($0.73)	($0.34)	($1.47)
Growth	9.5%	-35.8%	124.9%	111.2%	-76.6%	116.9%	-77.0%	66.5%
Diluted EPS [+]	($0.57)	($0.52)	($0.82)	($0.36)	($0.17)	($0.73)	($0.34)	($1.47)
Growth	9.5%	-35.8%	124.9%	111.2%	-76.6%	116.9%	-77.0%	66.5%

Shares outstanding (basic) [+]	447.8	213.5	119.8	78.4	61.2	36.0	23.9	19.6
Growth	109.8%	78.3%	52.8%	28.1%	70.0%	50.3%	22.2%	28.7%
Shares outstanding (diluted) [+]	447.8	213.5	119.8	78.4	61.2	36.0	23.9	19.6
Growth	109.8%	78.3%	52.8%	28.1%	70.0%	50.3%	22.2%	28.7%

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