filings.toolsItem 6. Selected Financial Data
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Item 6. Selected Financial Data
| (dollars in millions, except per share data) | 2014 | 2013 | 2012 | 2011 | 2010 | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operations | ||||||||||||||||
| Net sales | $ | 5,345.5 | $ | 4,614.7 | $ | 4,292.1 | $ | 3,939.8 | $ | 3,554.1 | ||||||
| Net income attributable to Amphenol Corporation | 709.1 | (1) | 635.7 | (2) | 555.3 | (3) | 524.2 | (4) | 496.4 | (5) | ||||||
| Net income per common share—Diluted | 2.21 | (1) | 1.96 | (2) | 1.69 | (3) | 1.53 | (4) | 1.41 | (5) | ||||||
| Financial Condition | ||||||||||||||||
| Cash, cash equivalents and short-term investments | $ | 1,329.6 | $ | 1,192.2 | $ | 942.5 | $ | 648.9 | $ | 624.2 | ||||||
| Working capital | 2,458.5 | 1,547.7 | 1,818.4 | 1,538.8 | 1,337.1 | |||||||||||
| Total assets | 7,027.0 | 6,168.0 | 5,215.5 | 4,445.2 | 4,015.9 | |||||||||||
| Long-term debt, including current portion | 2,673.9 | 2,132.8 | 1,706.5 | 1,377.1 | 800.0 | |||||||||||
| Shareholders’ equity attributable to Amphenol Corporation | 2,907.4 | 2,859.5 | 2,430.0 | 2,171.8 | 2,320.9 | |||||||||||
| Weighted average shares outstanding—Diluted | 320,430,140 | 324,548,998 | 327,894,222 | 343,651,176 | 352,651,986 | |||||||||||
| Cash dividends declared per share | $ | 0.45 | $ | 0.305 | $ | 0.21 | $ | 0.03 | $ | 0.03 |
(1) Includes (a) acquisition-related expenses of $4.3 ($4.1 after-tax) relating to 2014 acquisitions and (b) $9.8 ($6.2 after-tax) relating to the acquired backlogs of completed acquisitions for an aggregate impact of $0.04 per share. Net income per common share-diluted for the year ended December 31, 2014, excluding the effect of these items is $2.25.
(2) Includes (a) acquisition-related expenses of $6.0 ($4.6 after tax) or $0.01 per share, relating to 2013 acquisitions, (b) $3.6, or $0.01 per share, income tax benefit due primarily to the favorable completion of prior year audits, and (c) an income tax benefit of $11.3, or $0.03 per share, resulting from the delay, by the U.S. government, in the reinstatement of certain federal income tax provisions for the year 2012 relating primarily to research and development credits and certain U.S. taxes on foreign income. Such tax provisions were reinstated on January 2, 2013 with retroactive effect to 2012. Under U.S. GAAP, the benefit to the Company of $11.3, or $0.03 per share, relating to the 2012 tax year was recorded as a benefit in the first quarter of 2013 at the date of reinstatement. Net income per common share-diluted for the year ended December 31, 2013, excluding the effect of these items is $1.93.
(3) Includes (a) acquisition-related expenses of $2.0 ($2.0 after tax) or $0.01 per share, relating to 2012 acquisitions and (b) income tax costs of $11.3, or $0.03 per share, relating to a delay, by the U.S. government, in the reinstatement of certain federal income tax provisions for the year 2012 relating primarily to research and development credits and certain U.S. taxes on foreign income. Such tax provisions were reinstated on January 2, 2013 with retroactive effect to 2012. Net income per common share-diluted for the year ended December 31, 2012, excluding the effect of these items is $1.73.
(4) Includes (a) a tax benefit related to reserve adjustments from the favorable settlement of certain international tax positions and the completion of prior year audits of $4.5, or $0.01 per share, (b) a contingent payment adjustment of approximately $17.8 ($11.2 after tax) or $0.03 per share, (c) a charge for expenses incurred in connection with a flood at the Company’s Sidney, New York facility of $21.5 ($13.6 after tax) or $0.04 per share and (d) acquisition-related
expenses of $2.0 ($1.8 after tax) relating to 2011 acquisitions. Net income per common share-diluted for the year ended December 31, 2011, excluding the effect of these items is $1.53.
(5) Includes a tax benefit related to reserve adjustments from the favorable settlement of certain international tax positions and the completion of prior year audits of $20.7, or $0.06 per share. Net income per common share-diluted for the year ended December 31, 2010, excluding the effect of this item is $1.35.
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