Reverse a list ignoring blanks

Formula in C2:

copied down as far as necessary.

Named ranges
List (A2:A13)
What is named ranges?

How to implement array formula to your workbook
Change named range. Change $C$1:C1 to your start cell of your new list.

Download excel example file.
Invert a list ignoring blanks.xls
(Excel 97-2003 Workbook *.xls)

Functions in this article:

IF(logical_test;[value_if:true];[value_if_false])
Checks whether a condition is met, and returns one value if TRUE, and another value if FALSE

ROW(reference) Returns the rownumber of a reference

INDEX(array,row_num,[column_num])
Returns a value or reference of the cell at the intersection of a particular range

ROWS(array) returns the number of rows in a reference or an array

LARGE(array,k) returns the k-th largest row number in this data set

MIN(number1,[number2])
Returns the smallest number in a set of values. Ignores logical values and text