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 Form 10-K, and “Financial Statements and Supplementary Data” in Part II, Item 8 of this Form 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,
(In thousands, except per share)	2019		2018		2017		2016		2015
Operating Data
Revenues	$	2,041,957	$	1,805,695	$	1,447,981	$	1,268,449	$	1,146,079
Operating income	716,475		584,345		461,299		406,470		344,401
Income before income taxes	704,951		562,511		440,100		395,865		332,069
Income taxes	113,258		144,504		45,839		125,505		112,286
Net income	$	591,693	$	418,007	$	394,261	$	270,360	$	219,783
Basic net income per common share	$	2.57	$	1.80	$	1.72	$	1.18	$	0.87
Weighted average common shares outstanding	230,489		231,793		228,686		228,846		251,829
Diluted net income per common share	$	2.46	$	1.73	$	1.66	$	1.11	$	0.84
Diluted weighted average common shares outstanding	240,453		241,877		237,019		244,295		262,851

Balance Sheet Data
Cash and cash equivalents	$	186,319	$	274,520	$	210,100	$	155,849	$	456,012
Working capital	405,163		431,860		285,108		220,523		521,456
Total assets	2,547,617		2,307,698		1,982,501		1,649,820		1,798,660
Total debt	401,229		399,898		633,038		640,492		644,514
Stockholders’ equity	1,778,381		1,581,099		1,098,600		774,456		964,464

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