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Income Statement
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Common Size IS
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Focus Financial Partners Inc. (FOCS)

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
 
In millions, except per share itemsDec-31-21Dec-31-20Dec-31-19Dec-31-18Dec-31-17Dec-31-16
   10-K10-K10-K10-K10-K10-K
Revenues:  
    International  106.669.748.2   
    Domestic  1,691.31,291.61,170.2   
    Domestic revenue     889.2643.1 
    International revenue     21.719.8 
Total revenues  1,798.01,361.31,218.3910.9662.9485.4
            Revenue growth   [+]32.1%11.7%33.8%37.4%36.6% 
Cost of goods sold  591.1476.2431.5358.1265.6178.2
Gross profit  1,206.8885.1786.9552.8397.3307.3
            Gross margin  67.1%65.0%64.6%60.7%59.9%63.3%
Selling, general and administrative  297.6236.4232.9170.3134.698.6
Equity in earnings  0.50.20.80.51.40.8
Other operating expenses  603.8368.7344.9239.3185.9113.7
EBITDA   [+]305.9280.3209.8143.778.295.7
            EBITDA margin  17.0%20.6%17.2%15.8%11.8%19.7%
Depreciation  14.612.510.78.46.75.7
EBITA  291.2267.8199.1135.371.590.0
            EBITA margin  16.2%19.7%16.3%14.9%10.8%18.5%
Amortization of intangibles  187.8147.8130.790.464.450.9
EBIT   [+]103.4120.068.445.07.239.0
            EBIT margin  5.8%8.8%5.6%4.9%1.1%8.0%
Interest expense, net   [+]54.641.257.155.241.621.2
Other income (expense), net   [+]-4.3-9.2-16.3-21.4-15.4-1.1
Pre-tax income  44.569.6-5.0-31.6-49.916.7
Income taxes  20.120.77.09.5-1.51.0
            Tax rate  45.1%29.7%  3.0%5.9%
Minority interest  14.020.90.8-40.5  
Net income  10.428.0-12.9-0.6-48.415.7
            Net margin  0.6%2.1%-1.1%-0.1%-7.3%3.2%
   
Basic EPS   [+]$0.18$0.58($0.28)($0.01)  
Diluted EPS   [+]$0.18$0.57($0.28)($0.01)  
   
Shares outstanding (basic)   [+]57.348.746.843.1  
Shares outstanding (diluted)   [+]57.848.846.843.1  
   
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.  

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