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)	2020		2019		2018		2017		2016
Operating Data
Revenues	$	2,205,583	$	2,041,957	$	1,805,695	$	1,447,981	$	1,268,449
Operating income	816,099		716,475		584,345		461,299		406,470
Income before income taxes	800,839		704,951		562,511		440,100		395,865
Income taxes	100,932		113,258		144,504		45,839		125,505
Net income	$	699,907	$	591,693	$	418,007	$	394,261	$	270,360
Basic net income per common share	$	3.00	$	2.57	$	1.80	$	1.72	$	1.18
Weighted average common shares outstanding	233,202		230,489		231,793		228,686		228,846
Diluted net income per common share	$	2.93	$	2.46	$	1.73	$	1.66	$	1.11
Diluted weighted average common shares outstanding	238,656		240,453		241,877		237,019		244,295

Balance Sheet Data
Cash, cash equivalents, and restricted cash	$	477,718	$	186,319	$	274,520	$	210,100	$	155,849
Working capital	607,715		405,163		431,860		285,108		220,523
Total assets	3,455,261		2,547,617		2,307,698		1,982,501		1,649,820
Total debt	397,787		401,229		399,898		633,038		640,492
Stockholders’ equity	2,489,516		1,778,381		1,581,099		1,098,600		774,456

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