A Dark Vector Cognition product

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
20202019201820172016
(In thousands, except per share data)
Results of Operations
Operating revenues$2,821,137$2,901,848$3,115,546$2,759,735$2,454,648
Operating income(1)$824,099$746,058$727,934$735,628$665,368
Income from continuing operations$601,443$511,406$603,064$382,711$345,542
Net income$601,443$511,406$603,064$396,421$350,104
Diluted income per share from continuing operations$4.89$4.35$5.43$3.60$3.33
Diluted net income per share$4.89$4.35$5.43$3.73$3.38
Cash dividends declared per share$2.30$2.10$1.94$1.80$1.68
Financial Condition
Net property, plant and equipment(2)$13,355,347$11,787,669$10,371,147$9,259,182$8,268,606
Total assets$15,359,032$13,367,619$11,874,437$10,749,596$10,010,889
Capitalization:
Shareholders’ equity$6,791,203$5,750,223$4,769,951$3,898,666$3,463,059
Long-term debt (excluding current maturities)4,531,7793,529,4522,493,6653,067,0452,188,779
Total capitalization$11,322,982$9,279,675$7,263,616$6,965,711$5,651,838
(1)In accordance with our adoption of new accounting standards, changes in comprehensive income statement presentation were implemented on a retrospective basis and impacted previously issued financial statements for the fiscal years ended 2016 through 2018.
(2)Amounts shown are net of assets held for sale related to the divestiture of our natural gas marketing business for fiscal year 2016.

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