filings.toolsItem 6. Selected Financial Data
5K characters. Original on sec.gov · Markdown
Item 6. Selected Financial Data
SELECTED FINANCIAL DATA
(Unaudited)
| Years Ended October 31, | |||||||||||||||||||||||||||||
| 2020 | 2019 | 2018 | 2017 | 2016 | |||||||||||||||||||||||||
| (in millions, except per share data) | |||||||||||||||||||||||||||||
| Consolidated Statement of Operations Data: | |||||||||||||||||||||||||||||
| Net revenue (1) | $ | 5,339 | $ | 5,163 | $ | 4,914 | $ | 4,472 | $ | 4,202 | |||||||||||||||||||
| Income before taxes | $ | 842 | $ | 919 | $ | 946 | $ | 803 | $ | 544 | |||||||||||||||||||
| Net income (2) | $ | 719 | $ | 1,071 | $ | 316 | $ | 684 | $ | 462 | |||||||||||||||||||
| Net income per share - Basic | $ | 2.33 | $ | 3.41 | $ | 0.98 | $ | 2.12 | $ | 1.42 | |||||||||||||||||||
| Net income per share - Diluted | $ | 2.30 | $ | 3.37 | $ | 0.97 | $ | 2.10 | $ | 1.40 | |||||||||||||||||||
| Weighted average shares used in computing net income per share: | |||||||||||||||||||||||||||||
| Basic | 309 | 314 | 321 | 322 | 326 | ||||||||||||||||||||||||
| Diluted | 312 | 318 | 325 | 326 | 329 | ||||||||||||||||||||||||
| Cash dividends declared per common share | $ | 0.720 | $ | 0.656 | 0.596 | $ | 0.528 | $ | 0.460 |
(1) In 2019 we adopted ASC Topic 606, Revenue from Contracts with Customers, using the modified retrospective approach. Results for reporting periods for 2019 and after are presented under ASC 606, while prior period amounts were not adjusted and continue to be reported in accordance with ASC Topic 605, Revenue Recognition.
(2) Net income for the year ended October 31, 2019 was impacted by a tax benefit of $299 million related to the extension of tax incentives in Singapore. Net income for the year ended October 31, 2018 was impacted by a tax expense of $552 million related to the enactment of the U.S Tax Cuts and Jobs Act of 2017 (the "Tax Act").
| October 31, | |||||||||||||||||||||||||||||
| 2020 | 2019 | 2018 | 2017 | 2016 | |||||||||||||||||||||||||
| (in millions) | |||||||||||||||||||||||||||||
| Consolidated Balance Sheet Data (1)****: | |||||||||||||||||||||||||||||
| Cash and cash equivalents | $ | 1,441 | $ | 1,382 | $ | 2,247 | $ | 2,678 | $ | 2,289 | |||||||||||||||||||
| Working capital | $ | 1,948 | $ | 1,109 | $ | 2,677 | $ | 2,906 | $ | 2,690 | |||||||||||||||||||
| Total assets | $ | 9,627 | $ | 9,452 | $ | 8,541 | $ | 8,426 | $ | 7,794 | |||||||||||||||||||
| Long-term debt | $ | 2,284 | $ | 1,791 | $ | 1,799 | $ | 1,801 | $ | 1,904 | |||||||||||||||||||
| Stockholders' equity | $ | 4,873 | $ | 4,748 | $ | 4,567 | $ | 4,831 | $ | 4,243 |
(1) In 2020, we adopted ASC Topic 842, Leases, using the modified retrospective method. Results for reporting periods beginning November 1, 2019 are presented under ASC 842, while prior period amounts were not adjusted and are reported under ASC 840.
Previous: Item 5. Market for the Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities · Next: Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations