filings.toolsItem 6. Selected Consolidated Financial Data
5K characters. Original on sec.gov · Markdown
Item 6. Selected Consolidated Financial Data
The following selected consolidated financial data should be read in conjunction with the consolidated financial statements and the notes thereto in Item 8 of Part II, “Financial Statements and Supplementary Data,” and the information contained in Item 7 of Part II, “Management’s Discussion and Analysis of Financial Condition and Results of Operations.” Historical results are not necessarily indicative of future results.
| Year Ended December 31, | ||||||||||||||||||||||||||||||||
| 2016 | 2017 (1) | 2018 | 2019 | 2020 | ||||||||||||||||||||||||||||
| (in millions, except per share data) | ||||||||||||||||||||||||||||||||
| Statements of Operations: | ||||||||||||||||||||||||||||||||
| Net sales | $ | 135,987 | $ | 177,866 | $ | 232,887 | $ | 280,522 | $ | 386,064 | ||||||||||||||||||||||
| Operating income | $ | 4,186 | $ | 4,106 | $ | 12,421 | $ | 14,541 | $ | 22,899 | ||||||||||||||||||||||
| Net income (loss) | $ | 2,371 | $ | 3,033 | $ | 10,073 | $ | 11,588 | $ | 21,331 | ||||||||||||||||||||||
| Basic earnings per share (2) | $ | 5.01 | $ | 6.32 | $ | 20.68 | $ | 23.46 | $ | 42.64 | ||||||||||||||||||||||
| Diluted earnings per share (2) | $ | 4.90 | $ | 6.15 | $ | 20.14 | $ | 23.01 | $ | 41.83 | ||||||||||||||||||||||
| Weighted-average shares used in computation of earnings per share: | ||||||||||||||||||||||||||||||||
| Basic | 474 | 480 | 487 | 494 | 500 | |||||||||||||||||||||||||||
| Diluted | 484 | 493 | 500 | 504 | 510 | |||||||||||||||||||||||||||
| Statements of Cash Flows: | ||||||||||||||||||||||||||||||||
| Net cash provided by (used in) operating activities (3) | $ | 17,203 | $ | 18,365 | $ | 30,723 | $ | 38,514 | $ | 66,064 | ||||||||||||||||||||||
| December 31, | ||||||||||||||||||||||||||||||||
| 2016 | 2017 | 2018 | 2019 (4) | 2020 | ||||||||||||||||||||||||||||
| (in millions) | ||||||||||||||||||||||||||||||||
| Balance Sheets: | ||||||||||||||||||||||||||||||||
| Total assets | $ | 83,402 | $ | 131,310 | $ | 162,648 | $ | 225,248 | $ | 321,195 | ||||||||||||||||||||||
| Total long-term obligations | $ | 20,301 | $ | 45,718 | $ | 50,708 | $ | 75,376 | $ | 101,406 |
(1)We acquired Whole Foods Market on August 28, 2017. The results of Whole Foods Market have been included in our results of operation from the date of acquisition.
(2)For further discussion of earnings per share, see Item 8 of Part II, “Financial Statements and Supplementary Data — Note 1 — Description of Business, Accounting Policies, and Supplemental Disclosures”
(3)As a result of the adoption of new accounting guidance, we retrospectively adjusted our consolidated statements of cash flows to add restricted cash to cash and cash equivalents, which restated cash provided by operating activities by $(69) million in 2016 and 2017.
(4)As a result of the adoption of new accounting guidance on January 1, 2019, we recognized lease assets and liabilities for operating leases with terms of more than twelve months. Prior period amounts were not adjusted and continue to be reported in accordance with our historic accounting policies.
Previous: Item 5. Market for the Registrant’s Common Stock, Related Shareholder Matters, and Issuer Purchases of Equity Securities · Next: Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations