Item 6. Selected Consolidated Financial Data
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Item 6. Selected Consolidated Financial Data
The selected financial data presented below for the fiscal years ended 2020, 2019, and 2018 and as of the fiscal years ended 2020 and 2019, is derived from our audited consolidated financial statements and should be read in conjunction with “Management’s Discussion and Analysis of Financial Condition and Results of Operations” contained in Item 7 and “Financial Statements and Supplementary Data” contained in Item 8 of this Annual Report on Form 10-K. The selected financial data presented below for the fiscal years ended 2017 and 2016 and as of the fiscal years ended 2018, 2017 and 2016, is derived from our audited consolidated financial statements within previously filed Annual Reports on Form 10-K. Our fiscal year is typically based on 52-weeks, with each quarter composed of 13 weeks ending on the last Saturday on, or closest to, March 31, June 30, September 30, and December 31. A 53rd week was included in the fourth quarter of fiscal year 2016, which is occasionally necessary to align with a December 31 calendar year-end.
| Fiscal Year | |||||||||||||||||||||||||||||
| 2020 | 2019 | 2018 | 2017 | 2016 | |||||||||||||||||||||||||
| (in thousands, except per share amounts) | |||||||||||||||||||||||||||||
| Statement of Income Data | |||||||||||||||||||||||||||||
| Total revenue | $ | 2,923,933 | $ | 2,621,226 | $ | 2,266,096 | $ | 1,857,601 | $ | 1,681,432 | |||||||||||||||||||
| Income from continuing operations, net of income taxes | 365,306 | 254,061 | 227,218 | 125,586 | 156,086 | ||||||||||||||||||||||||
| Income (loss) from discontinued operations, net of income taxes | — | — | 1,506 | (137) | 280 | ||||||||||||||||||||||||
| Common Share Data | |||||||||||||||||||||||||||||
| Earnings per common share from continuing operations attributable to common shareholders: | |||||||||||||||||||||||||||||
| Basic | $ | 7.35 | $ | 5.17 | $ | 4.69 | $ | 2.60 | $ | 3.28 | |||||||||||||||||||
| Diluted | $ | 7.20 | $ | 5.07 | $ | 4.59 | $ | 2.54 | $ | 3.22 | |||||||||||||||||||
| Other Data | |||||||||||||||||||||||||||||
| Depreciation and amortization | $ | 234,924 | $ | 198,095 | $ | 161,779 | $ | 131,159 | $ | 126,658 | |||||||||||||||||||
| Capital expenditures | 166,560 | 140,514 | 140,054 | 82,431 | 55,288 | ||||||||||||||||||||||||
| Balance Sheet Data (as of period end) | |||||||||||||||||||||||||||||
| Cash and cash equivalents | $ | 228,424 | $ | 238,014 | $ | 195,442 | $ | 163,794 | $ | 117,626 | |||||||||||||||||||
| Total assets | 5,490,831 | 4,692,790 | 3,855,879 | 2,929,922 | 2,711,800 | ||||||||||||||||||||||||
| Long-term debt, net and finance leases | 1,929,571 | 1,849,666 | 1,636,598 | 1,114,105 | 1,207,696 | ||||||||||||||||||||||||
| Redeemable noncontrolling interests | 25,499 | 28,647 | 18,525 | 16,609 | 14,659 |
Refer to the following included in Item 8, “Financial Statements and Supplementary Data” in this Annual Report on Form 10-K as well as within previously filed Annual Reports on Form 10-K for additional information:
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Note 2, “Business Combinations” concerning the impact of our recent acquisitions, including revenue, operating income, assets acquired and liabilities assumed, and related acquisition and integration costs;
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Note 9, “Long-Term Debt and Finance Lease Obligations” concerning the impact of debt related activities in connection with our recent acquisitions;
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Note 11, “Income Taxes” concerning the impact of U.S. Tax Reform in fiscal year ended 2017; and
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Note 1, “Description of Business and Summary of Significant Accounting Policies” and Note 16, “Leases” concerning the impact of adopting Accounting Standards Codification 842, “Leases” beginning in fiscal year 2019.
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