Navios Maritime Partners L.P. (NMM) [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
	20-F	20-F	20-F	20-F	20-F	20-F	20-F	20-F
Revenues:
Other	0.5		0.1
America	165.3	56.2	18.6
Navios Partners Operations						199.3
Other	1,044.8	657.0	208.0			12.4
Total revenues	1,210.5	713.2	226.8	219.4	231.4	211.7	190.5	223.7
Revenue growth [+]	69.7%	214.5%	3.4%	-5.2%	9.3%	11.1%	-14.8%	-1.6%
America	194.1%	202.5%
Cost of goods sold [+]	122.6	36.1	11.0	12.3	10.0	11.3	12.1	7.2
Direct costs							-6.4	-4.0
Maintenance and operations costs	-56.8	-29.3	-10.3	-7.0	-6.2	-7.2
Gross profit	1,087.9	677.0	215.7	207.0	221.3	200.3	178.5	216.5
Gross margin	89.9%	94.9%	95.1%	94.4%	95.7%	94.6%	93.7%	96.8%
Selling, general and administrative [+]	67.2	41.5	24.0	21.0	18.5	17.2	12.4	7.9
General and administrative	67.2	41.5	24.0	21.0	18.5	17.2	12.4	7.9
Equity in earnings		80.8	1.1	-40.1	4.0	0.9
Other operating expenses	306.8	84.0	110.3	79.1	78.9	54.4	53.9	54.1
EBITDA [+]	714.0	632.4	82.6	66.9	128.0	129.6	112.3	154.5
EBITDA growth	12.9%	665.5%	23.5%	-47.7%	-1.3%	15.5%	-27.3%	-18.5%
EBITDA margin	59.0%	88.7%	36.4%	30.5%	55.3%	61.2%	58.9%	69.1%
Depreciation	164.3	99.1	54.9	52.1	54.6	72.8	92.4	75.9
EBITA	549.6	533.3	27.7	14.8	73.4	56.8	19.9	78.5
EBITA margin	45.4%	74.8%	12.2%	6.7%	31.7%	26.9%	10.4%	35.1%
Amortization of intangibles	37.5	13.7	1.2	1.2	3.7
EBIT [+]	512.1	519.6	26.6	13.6	69.6	56.8	19.9	78.5
EBIT growth	-1.4%	1856.4%	94.9%	-80.4%	22.5%	185.9%	-74.7%	-16.3%
EBIT margin	42.3%	72.9%	11.7%	6.2%	30.1%	26.9%	10.4%	35.1%
Non-recurring items [+]	-149.4	-33.6	71.6	36.7	44.3	36.7	27.2
Asset impairment			71.6	36.7	44.3	32.7	27.2
Loss (gain) on sale of assets	-149.4	-33.6
Unusual expense						4.1
Interest expense, net [+]	82.2	41.9	23.5	39.1	38.4	34.9	30.7	31.5
Interest expense	83.1	42.8	24.2	45.3	42.8	38.2	31.2	31.7
Interest income	0.9	0.9	0.6	6.2	4.4	3.3	0.5	0.2
Other income (expense), net [+]							-14.5	-5.2
Gain (loss) on acquisitions / transactions		48.0
Other							-14.5	-5.2
Pre-tax income	579.2	511.3	-68.5	-62.1	-13.1	-14.9	-52.5	41.8
Income taxes	0.0	-4.9	0.0	0.0	0.0	0.2	0.0	0.0
Tax rate	0.0%		0.0%	0.0%	0.0%		0.0%	0.0%
Minority interest		-4.9				0.2
Net income	567.7	505.9	-67.2	-60.9	-13.1	-15.1	-52.5	41.8
Net margin	46.9%	70.9%	-29.6%	-27.8%	-5.7%	-7.1%	-27.6%	18.7%

Basic EPS [+]	$18.82	$22.36	($6.13)	($5.62)	($1.21)	($1.71)	($0.63)	$0.51
Growth	-15.8%	-464.8%	9.1%	365.0%	-29.2%	169.9%	-224.7%
Diluted EPS [+]	$18.82	$22.32	($6.13)	($5.62)	($1.21)	($1.71)	($0.63)	$0.51
Growth	-15.7%	-464.1%	9.1%	365.0%	-29.2%	169.9%	-224.7%

Dividends per share [+]	$0.20	$0.20	$0.72	$1.25	$0.95			$1.60
Growth	0.2%	-71.6%	-42.6%	31.9%			-100.0%

Shares outstanding (basic) [+]	30.2	22.6	11.0	10.8	10.8	8.8	83.1	82.4
Growth	33.3%	106.5%	1.1%	0.1%	22.4%	-89.4%	0.8%
Shares outstanding (diluted) [+]	30.2	22.7	11.0	10.8	10.8	8.8	83.1	82.4
Growth	33.1%	106.8%	1.1%	0.1%	22.4%	-89.4%	0.8%

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