filings.toolsItem 6. SELECTED FINANCIAL DATA
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Item 6. SELECTED FINANCIAL DATA
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| For the Years Ended December 31, | |||||||||||||||||||
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| 2016 | 2015 | 2014 | 2013 | 2012 | |||||||||||||||
| (In millions, except per share data) | |||||||||||||||||||
| Statement of Operations Data: | |||||||||||||||||||
| Operating revenues | $ | 3,302 | $ | 3,159 | $ | 3,011 | $ | 2,879 | $ | 2,854 | |||||||||
| Income from continuing operations | $ | 468 | $ | 476 | $ | 430 | $ | 371 | $ | 374 | |||||||||
| Income from continuing operations per basic common share | $ | 2.63 | $ | 2.66 | $ | 2.40 | $ | 2.08 | $ | 2.12 | |||||||||
| Income from continuing operations per diluted common share | $ | 2.62 | $ | 2.64 | $ | 2.39 | $ | 2.07 | $ | 2.10 | |||||||||
| Balance Sheet Data: | |||||||||||||||||||
| Total assets (a) (b) | $ | 18,482 | $ | 17,241 | $ | 16,038 | $ | 15,064 | $ | 14,713 | |||||||||
| Long-term debt and redeemable preferred stock at redemption value (a) | $ | 5,759 | $ | 5,874 | $ | 5,442 | $ | 5,225 | $ | 5,203 | |||||||||
| Other Data: | |||||||||||||||||||
| Aggregate dividends declared per common share | $ | 1.50 | $ | 1.36 | $ | 1.24 | $ | 1.12 | $ | 0.98 | |||||||||
| Cash flows provided by operating activities | $ | 1,276 | $ | 1,179 | $ | 1,097 | $ | 896 | $ | 956 | |||||||||
| Capital expenditures included in cash flows used in investing activities | $ | (1,311 | ) | $ | (1,160 | ) | $ | (956 | ) | $ | (980 | ) | $ | (929 | ) |
NOTE: In November 2014, we disposed of our Class B Biosolids operating segment by selling our subsidiary, Terratec Environmental Ltd (“Terratec”) in Ontario, Canada. The results of Terratec are presented as discontinued operations and, as such, have been excluded from continuing operations for the years ended December 31, 2014, 2013 and 2012. See Note 3—Acquisitions and Divestitures in the Notes to Consolidated Financial Statements for additional details on our discontinued operations.
| (a) | The information for 2014, 2013 and 2012 has been revised to reflect the retrospective application of Accounting Standard Update 2015-15 Presentation of Debt Issuance Costs, which was adopted by the Company as of December 31, 2015. |
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| (b) | The information for 2014, 2013 and 2012 has been revised to reflect the retrospective application of Accounting Standard Update 2015-17 Income Taxes, which was adopted by the Company as of December 31, 2015. |
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