Item 6. Selected Financial Data.

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Item 6. Selected Financial Data.

The following table sets forth selected financial data of the Company and should be read in conjunction with the consolidated financial statements included herein.

Fiscal Year Ended September 30
20172016201520142013
(In thousands, except per share data)
Results of Operations
Operating revenues$2,759,735$2,454,648$2,926,985$3,243,904$2,572,488
Gross profit$1,834,199$1,708,456$1,631,310$1,521,844$1,377,392
Income from continuing operations$382,711$345,542$305,623$270,331$232,378
Net income$396,421$350,104$315,075$289,817$243,194
Diluted income per share from continuing operations$3.60$3.33$3.00$2.76$2.52
Diluted net income per share$3.73$3.38$3.09$2.96$2.64
Cash dividends declared per share$1.80$1.68$1.56$1.48$1.40
Financial Condition
Net property, plant and equipment(1)$9,259,182$8,268,606$7,416,700$6,709,926$6,013,975
Total assets$10,749,596$10,010,889$9,075,072$8,581,006$7,919,069
Capitalization:
Shareholders’ equity$3,898,666$3,463,059$3,194,797$3,086,232$2,580,409
Long-term debt (excluding current maturities)3,067,0452,188,7792,437,5152,442,2882,440,472
Total capitalization$6,965,711$5,651,838$5,632,312$5,528,520$5,020,881
(1)Amounts shown are net of assets held for sale related to the divestiture of our natural gas marketing business.

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