AMERIPRISE FINANCIAL INC (AMP) [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
Revenues	14,271	13,431	11,899	12,967	12,835	1,442	1,527	1,476
Revenue growth	6.3%	12.9%	-8.2%	1.0%	790.1%	-5.6%	3.5%	5.0%
Cost of goods sold	2,443	1,631	2,889	3,638	3,543	3,363	3,925	3,670
Gross profit	11,828	11,800	9,010	9,329	9,292	-1,921	-2,398	-2,194
Gross margin	82.9%	87.9%	75.7%	71.9%	72.4%	-133.2%	-157.0%	-148.6%
Selling, general and administrative	8,646	8,450	7,179	7,097	6,808	6,555	6,284	6,358
General and administrative	3,723	3,435	3,120	3,287	3,171	3,158	3,084	3,082
EBITA	3,449	3,591	1,687	2,253	2,759	2,448	1,378	2,562
EBITA margin	24.2%	26.7%	14.2%	17.4%	21.5%	169.8%	90.2%	173.6%
Amortization of intangibles	45	34	31	37	30	27	28	33
EBIT	3,404	3,557	1,656	2,216	2,729	2,421	1,350	2,529
EBIT margin	23.9%	26.5%	13.9%	17.1%	21.3%	167.9%	88.4%	171.3%
Pre-tax income	3,182	3,350	1,831	2,232	2,484	2,214	1,591	2,142
Income taxes	623	590	297	339	386	734	278	455
Tax rate	19.6%	17.6%	16.2%	15.2%	15.5%	33.2%	17.5%	21.2%
Earnings from continuing ops	2,559	2,760	1,534	1,893	2,098	1,480	1,313	1,687
Earnings from discontinued ops				0	0	0	0
Net income	2,559	2,760	1,534	1,893	2,098	1,480	1,313	1,562
Net margin	17.9%	20.5%	12.9%	14.6%	16.3%	102.6%	86.0%	105.8%

Diluted EPS	$22.51	$23.00	$12.20	$13.92	$14.20	$9.44	$7.81	$9.16
Shares outstanding (diluted)	114	120	126	136	148	157	168	184

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