Item 6. SELECTED FINANCIAL DATA

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Item 6. SELECTED FINANCIAL DATA

The following selected consolidated financial data is not necessarily indicative of results of future operations, and should be read in conjunction with Item 7, “Management's Discussion and Analysis of Financial Condition and Results of Operations,” and the consolidated financial statements and related notes thereto included in Item 8 of this Form 10-K to fully understand factors that may affect the comparability of the information presented below. The financial data for the fiscal years ended January 31, 2017 and 2016 are derived from, and are qualified by reference to, the audited consolidated financial statements that are included in this Form 10-K. The Consolidated Statements of Operations and the Consolidated Statements of Cash Flows data for the year ended January 31, 2015 are derived from, and are qualified by reference to, the audited consolidated financial statements that are included in this Form 10-K. The Consolidated Balance Sheet data for the fiscal year ended January 31, 2015 and the remaining financial data for the fiscal years ended January 31, 2014 and 2013 are derived from audited, consolidated financial statements which are not included in this Form 10-K.



	Fiscal year ended January 31,
	2017			2016			2015		2014		2013
	(In millions, except per share data)
For the Fiscal Year:
Net revenue	$	2,031.0		$	2,504.1		$	2,512.2	$	2,273.9	$	2,312.2
(Loss) income from operations	(499.6		)	1.3			120.7		284.8		305.9
Net (loss) income	(582.1		)	(330.5		)	81.8		228.8		247.4
Cash flow from operations (1)	169.7			414.0			708.6		572.6		572.0
Common Stock Data:
Basic net (loss) income per share	$	(2.61	)	$	(1.46	)	$	0.36	$	1.02	$	1.09
Diluted net (loss) income per share	(2.61		)	(1.46		)	0.35		1.00		1.07
At Year End:
Total assets	$	4,798.1		$	5,515.3		$	4,909.7	$	4,589.9	$	4,302.4
Long-term liabilities	1,879.1			2,304.7			1,294.5		1,262.0		1,221.5
Stockholders’ equity	733.6			1,619.6			2,219.2		2,261.5		2,043.2


(1)	During the three months ended July 31, 2016, the Company early adopted Accounting Standards Update No. 2016-09, “Improvements to Employee Share-Based Payment Accounting (Topic 718)” (“ASU 2016-09”), which addresses among other items, updates to the presentation and treatment of excess tax benefits related to stock based compensation. The Company has adopted changes to the consolidated statements of cash flows on a retrospective basis. The impact for the fiscal years ended January 31, 2015, 2014, and 2013 to net cash provided by operating activities and net cash used in financing activities was $0.5 million, $9.1 million, and $12.9 million, respectively. There was no impact to the fiscal year ended January 31, 2016.

(1)

During the three months ended July 31, 2016, the Company early adopted Accounting Standards Update No. 2016-09, “Improvements to Employee Share-Based Payment Accounting (Topic 718)” (“ASU 2016-09”), which addresses among other items, updates to the presentation and treatment of excess tax benefits related to stock based compensation. The Company has adopted changes to the consolidated statements of cash flows on a retrospective basis. The impact for the fiscal years ended January 31, 2015, 2014, and 2013 to net cash provided by operating activities and net cash used in financing activities was $0.5 million, $9.1 million, and $12.9 million, respectively. There was no impact to the fiscal year ended January 31, 2016.

2017 Form 10-K 35

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