The following tables set forth the selected consolidated financial data for each of the years in the five-year period ended December 31, 2017. The selected consolidated financial data should be read in conjunction with the consolidated financial statements and accompanying notes and Management’s Discussion and Analysis of Financial Condition and Results of Operations. We have derived the statements of operations data for the year ended December 31, 2017, 2016 and 2015 and the balance sheet data as of December 31, 2017 and 2016 from the consolidated audited financial statements included elsewhere in this Annual Report on Form 10-K. The statements of operations data for the year ended December 31, 2014 and 2013 and the balance sheet data as of December 31, 2015, 2014 and 2013 were derived from the consolidated audited financial statements that are not included in this Annual Report on Form 10-K.
SELECTED CONSOLIDATED FINANCIAL DATA
(in thousands, except per share data)
Year Ended December 31,
2017
2016
2015
2014
2013
Consolidated Statements of Operations Data:
Net revenues
$
1,473,413
$
1,079,874
$
845,486
$
761,653
$
660,206
Gross profit (1)
$
1,116,947
$
815,294
$
640,110
$
578,443
$
498,106
Income from operations (2)
353,611
248,921
188,634
193,576
94,212
Interest and other income (expense), net
11,188
(6,355
)
(2,533
)
(3,207
)
(1,073
)
Net income before provision for income taxes and equity in losses of investee (3)
364,799
242,566
186,101
190,369
93,139
Provision for income taxes (4)
130,162
51,200
42,081
44,537
28,844
Equity in losses of investee, net of tax
3,219
1,684
—
—
—
Net income
$
231,418
$
189,682
$
144,020
$
145,832
$
64,295
Net income per share:
Basic
$
2.89
$
2.38
$
1.80
$
1.81
$
0.80
Diluted
$
2.83
$
2.33
$
1.77
$
1.77
$
0.78
Shares used in computing net income per share:
Basic
80,085
79,856
79,998
80,754
80,551
Diluted
81,832
81,484
81,521
82,283
82,589
December 31,
2017
2016
2015
2014
2013
Consolidated Balance Sheet Data:
Working capital (5)
$
659,187
$
598,643
$
460,338
$
455,349
$
369,338
Total assets
1,777,856
1,396,151
1,158,633
987,997
832,147
Total long-term liabilities
129,670
46,427
39,035
33,415
22,839
Stockholders’ equity
$
1,150,370
$
995,389
$
847,926
$
752,771
$
633,970
(1)
Gross profit includes:
•
$1.7 million out of period adjustment in 2013
(2) Income from operations includes:
•
$40.7 million and $26.3 million of goodwill and long-lived asset impairment, respectively, in 2013
•
$1.9 million, net of tax, out of period adjustment in 2013
(3) Net income before provision for income taxes and equity in losses of investee includes:
•
$40.7 million and $26.3 million of goodwill and long-lived asset impairment, respectively, in 2013
•
$1.9 million, net of tax, out of period adjustment in 2013
(4)
Provision for income taxes includes:
•
$1.8 million out of period income tax adjustment in 2014
(5)
Working capital is calculated as the difference between total current assets and total current liabilities
filings.tools