NEWMARK GROUP, INC. (NMRK) [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:
Investment sales	606.4	757.7	404.0
Mortgage brokerage and debt placement	173.3	180.6	50.1
Capital Markets Commissions				541.3	468.9	397.7
Management services	693.0	733.8	467.5	446.4	414.4
Other	831.9	826.9	513.8	854.8	817.4	1,198.7
Total revenues [+]	2,304.5	2,499.0	1,435.4	1,842.4	1,700.8	1,596.5	1,350.0	1,200.2
Net interest income	26.8	20.3	27.6	34.2	31.6
Revenue growth [+]	-7.8%	74.1%	-22.1%	8.3%	6.5%	18.3%	12.5%
Investment sales	-20.0%	87.6%
Mortgage brokerage and debt placement	-4.1%	260.2%
Capital Markets Commissions				15.4%	17.9%
Management services	-5.6%	57.0%	4.7%	7.7%
Cost of goods sold	1,693.1	2,185.2	1,278.1	1,534.8	1,386.6	1,060.9	907.0	816.3
Gross profit	611.4	313.8	157.3	307.6	314.2	535.5	443.0	384.0
Gross margin	26.5%	12.6%	11.0%	16.7%	18.5%	33.5%	32.8%	32.0%
Selling, general and administrative [+]	534.8	553.6	294.4	361.9	331.8	219.2	185.3	162.3
General and administrative [+]	534.8	553.6	294.4	361.9	331.8	219.2	185.3
General and administrative expenses	534.8	553.6	294.4	361.9	331.8	219.2	185.3
Other operating expenses	-282.3	-1,619.8	-462.3	-431.7	-447.9	20.8	18.0	161.1
EBITDA [+]	443.0	1,459.4	398.8	416.4	458.1	330.0	265.4	60.5
EBITDA growth	-69.6%	266.0%	-4.2%	-9.1%	38.8%	24.3%	338.4%
EBITDA margin	19.2%	58.4%	27.8%	22.6%	26.9%	20.7%	19.7%	5.0%
Depreciation	235.6	192.2	208.1	163.2	119.9	119.1	72.2	71.8
EBITA	207.4	1,267.1	190.7	253.1	338.2	210.9	193.2	-11.2
EBITA margin	9.0%	50.7%	13.3%	13.7%	19.9%	13.2%	14.3%	-0.9%
Amortization of intangibles	14.3	8.9	6.7	6.9	5.6	11.1	25.8
EBIT [+]	193.1	1,258.2	184.0	246.2	332.6	199.8	167.4	-11.2
EBIT growth	-84.7%	583.8%	-25.3%	-26.0%	66.5%	19.3%	-1589.9%
EBIT margin	8.4%	50.3%	12.8%	13.4%	19.6%	12.5%	12.4%	-0.9%
Non-recurring items	7.5	3.7
Interest expense, net [+]	31.0	33.5	37.7	32.1	50.2	-2.8	-3.8	-1.9
Interest expense	31.0	33.5	37.7	32.1	50.2
Interest income						2.8	3.8	1.9
Pre-tax income	154.6	1,221.1	146.3	214.1	282.4	202.6	171.2	-9.4
Income taxes	42.1	243.0	37.0	52.4	90.5	57.5	4.0	-6.6
Tax rate	27.2%	19.9%	25.3%	24.5%	32.0%	28.4%	2.3%	70.9%
Minority interest	29.3	227.4	29.2	44.4	85.2	0.6	-1.2	0.1
Net income	110.4	744.5	70.3	108.2	105.6	117.2	168.4	0.0
Net margin	4.8%	29.8%	4.9%	5.9%	6.2%	7.3%	12.5%	0.0%

Basic EPS [+]	$0.61	$3.91	$0.39	$0.61	$0.67	$0.88		($2,803.00)
Growth	-84.4%	897.7%	-35.5%	-9.4%	-23.6%
Diluted EPS [+]	$0.45	$3.80	$0.39	$0.58	$0.64	$0.85		($2,803.00)
Growth	-88.2%	872.1%	-33.1%	-9.3%	-23.9%

Dividends per share [+]	$0.10	$0.04	$0.13	$0.39	$0.27	$0.76
Growth	147.8%	-69.0%	-66.8%	46.6%	-65.2%

Shares outstanding (basic) [+]	180.3	190.2	179.1	177.8	157.3	133.4		0.0
Growth	-5.2%	6.2%	0.7%	13.0%	17.9%
Shares outstanding (diluted) [+]	245.2	195.8	179.7	185.0	163.8	138.4		0.0
Growth	25.2%	9.0%	-2.9%	12.9%	18.4%

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