A Dark Vector Cognition product

Item 6. SELECTED FINANCIAL DATA (1)

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Item 6. SELECTED FINANCIAL DATA (1)

In millions, except per share amounts:

As of and for the years ended December 31,20192018201720162015
Net revenues$2,854.0$2,731.7$2,408.2$2,238.0$2,068.1
Net earnings (loss) attributable to Allegion plc ordinary shareholders:
Continuing operations401.8(a)434.9(b)273.3(c)229.1(d)154.3(e)
Discontinued operations————(0.4)
Total assets2,967.22,810.22,542.02,247.42,263.0
Total debt1,427.71,444.81,477.31,463.81,523.1
Total Allegion plc shareholders’ equity757.4651.0401.6113.325.6
Earnings (loss) per share attributable to Allegion plc ordinary shareholders:
Basic:
Continuing operations$4.29$4.58$2.87$2.39$1.61
Discontinued operations————(0.01)
Diluted:
Continuing operations$4.26$4.54$2.85$2.36$1.59
Discontinued operations—————
Dividends declared per ordinary share$1.08$0.84$0.64$0.48$0.40
(a)Net earnings for the year ended December 31, 2019, includes a $31.4 million (net of tax) loss related to the divestitures of our business operations in Colombia and Turkey.
(b)Net earnings for the year ended December 31, 2018, includes a $21.9 million tax benefit related to an adjustment to the provisional amounts previously recognized related to the enactment of the Tax Reform Act.
(c)Net earnings for the year ended December 31, 2017, includes $44.7 million of costs related to the refinancing of our credit facilities and senior notes and a net tax charge of $53.5 million related to the Tax Reform Act.
(d)Net earnings for the year ended December 31, 2016, includes $84.4 million of losses related to our previously divested Systems Integration business.
(e)Net earnings from continuing operations for the year ended December 31, 2015, includes $104.2 million of losses related to the divestitures of our Venezuelan operations and our majority stake in our Systems Integration business.

(1) The Company has not restated 2015 - 2017 for the impact of the adoption of ASC Topic 606, "Revenue from Contracts with Customers" ("ASC 606") as of January 1, 2018, nor 2015 for the impact of the adoption of ASU 2016-09, "Compensation—Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting" in the fourth quarter of 2016. The Company has also not restated the Total assets for 2015 - 2018 for the impact of the adoption of ASC Topic 842, "Leases" as of January 1, 2019. The impact of excluding the above standards in prior period presentation is not material.

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