Item 6. Selected Financial Data

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Item 6. Selected Financial Data

The following selected consolidated financial data should be read in conjunction with our “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in Part II, Item 7. of this 10-K, and “Financial Statements and Supplementary Data” in Part II, Item 8 of this 10-K. Our historical results of operations are not necessarily indicative of results of operations to be expected for any future period.

Fiscal Year Ended July 31,
2017 (1)2016 (1)2015 (1)2014 (1)2013 (1)
(In thousands, except per share)
Operating Data
Revenues$1,447,981$1,268,449$1,146,079$1,163,489$1,046,386
Operating income461,299406,470344,401274,934282,992
Income before income taxes440,100395,865332,069270,035276,872
Income taxes45,839125,505112,28691,34896,847
Net income$394,261$270,360$219,783$178,687$180,025
Basic net income per common share$1.72$1.18$0.87$0.71$0.72
Weighted average common shares outstanding228,686228,846251,829251,387249,824
Diluted net income per common share$1.66$1.11$0.84$0.68$0.69
Diluted weighted average common shares outstanding237,019244,295262,851262,459259,562
Balance Sheet Data
Cash and cash equivalents$210,100$155,849$456,012$158,668$63,631
Working capital285,108220,523521,456168,00767,893
Total assets1,982,5011,649,8201,798,6601,506,1211,333,316
Total debt633,038640,492644,514302,218371,292
Stockholders’ equity1,098,600774,456964,4641,003,499762,401
(1)Shares and earnings per share data were revised from previously reported amounts due to a two-for-one common stock split effected in the form of a stock dividend. See Notes to Consolidated Financial Statements, Note 1 — Summary of Significant Accounting Policies.

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