Marathon Petroleum Corp (MPC) [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-31-15
	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K
Revenues:
Refining & Marketing	172,205	115,494	66,247	107,408	82,821	64,691	53,817
Retail						19,033	18,286
Midstream	10,590	9,619	8,438	8,760	6,660	3,765	3,090
Speedway	60	20,102	19,920	26,793				4,879
Other								67,379
Total revenues [+]	179,952	120,930	69,032	111,865	86,589	75,369	63,364	72,258
Refining & marketing								72,045
Other income	783	468	118	127	198	320	178	112
Revenue growth [+]	48.8%	75.2%	-38.3%	29.2%	14.9%	18.9%	-12.3%	-26.3%
Refining & Marketing	49.1%	74.3%	-38.3%	29.7%	28.0%	20.2%
Retail						4.1%
Midstream	10.1%	14.0%	-3.7%	31.5%	76.9%	21.8%
Speedway	-99.7%	0.9%	-25.7%					35.1%
Unit growth						0.4%	-1.2%	0.7%
Cost of goods sold [+]	151,671	110,008	65,733	99,228	77,047	67,089	56,676	55,583
Excise and sales taxes								7,692
Gross profit	28,281	10,922	3,299	12,637	9,542	8,280	6,688	16,675
Gross margin	15.7%	9.0%	4.8%	11.3%	11.0%	11.0%	10.6%	23.1%
Selling, general and administrative [+]	3,597	3,258	3,378	3,753	2,682	2,148	2,032	1,967
Sales and marketing	2,772	2,537	2,710	3,192	2,276	1,694	1,597	1,576
General and administrative	825	721	668	561	406	454	435	391
Other selling, general and administrative	2,772	2,537	2,710	3,192	2,276	1,694	1,597	1,576
Equity in earnings	655	458	-935	312	299	306	-185	88
Other operating expenses							139	8,370
EBITDA [+]	25,339	8,122	-1,014	9,196	7,159	6,438	4,332	6,426
EBITDA growth	212.0%	-901.0%	-111.0%	28.5%	11.2%	48.6%	-32.6%	16.2%
EBITDA margin	14.1%	6.7%	-1.5%	8.2%	8.3%	8.5%	6.8%	8.9%
Depreciation	2,899	3,034	3,375	3,225	2,170	2,114	2,001	1,502
EBITA	22,440	5,088	-4,389	5,971	4,989	4,324	2,331	4,924
EBITA margin	12.5%	4.2%	-6.4%	5.3%	5.8%	5.7%	3.7%	6.8%
Amortization of intangibles	316	330
EBIT [+]	22,124	4,758	-4,389	5,971	4,989	4,324	2,331	4,924
EBIT growth	365.0%	-208.4%	-173.5%	19.7%	15.4%	85.5%	-52.7%	17.1%
EBIT margin	12.3%	3.9%	-6.4%	5.3%	5.8%	5.7%	3.7%	6.8%
Non-recurring items [+]			8,793	1,197			130	144
Asset impairment			8,426	1,197			130	144
Interest expense, net [+]	809	1,469	1,356	1,189	906	647	558	312
Interest expense	1,000	1,483	1,365	1,229	993	674	564	318
Interest income	191	14	9	40	87	27	6	6
Other income (expense), net [+]	-846	-472	926	-352	-386	-333	179	-94
Gain (loss) on sale of assets	1,061	21	70	278	6	10	32	7
Pre-tax income	20,469	2,817	-13,612	3,233	3,697	3,344	1,822	4,374
Income taxes	4,491	264	-2,430	784	764	-460	609	1,506
Tax rate	21.9%	9.4%	17.9%	24.2%	20.7%		33.4%	34.4%
Earnings from continuing ops	16,050	11,001	-21,159	3,255	3,606	3,804	1,213	2,868
Earnings from discontinued ops	0	0	0	0	0
Net income	16,050	11,001	-21,159	3,255	3,606	3,804	1,213	2,868
Net margin	8.9%	9.1%	-30.7%	2.9%	4.2%	5.0%	1.9%	4.0%

Basic EPS [+]	$31.35	$17.35	($32.60)	$4.94	$6.96	$7.50	$2.30	$5.33
Growth	80.7%	-153.2%	-760.1%	-29.0%	-7.2%	226.6%	-56.9%	18.9%
Diluted EPS [+]	$10.40	$5.76	($32.60)	$1.64	$2.30	$2.48	$2.29	$5.29
Growth	80.5%	-117.7%	-2090.2%	-28.7%	-7.6%	8.6%	-56.7%	18.9%

Dividends per share [+]	$2.49	$2.32	$2.32	$2.12	$1.84	$1.52	$1.36	$1.14
Growth	7.3%	0.0%	9.4%	15.2%	21.1%	11.8%	19.3%	23.9%

Shares outstanding (basic) [+]	512	634	649	659	518	507	528	538
Growth	-19.2%	-2.3%	-1.5%	27.2%	2.2%	-4.0%	-1.9%	-5.6%
Shares outstanding (diluted) [+]	1,544	1,910	649	1,987	1,570	1,531	530	542
Growth	-19.2%	194.3%	-67.3%	26.6%	2.5%	188.9%	-2.2%	-5.6%

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