filings.toolsItem 6. Selected Financial Data
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Item 6. Selected Financial Data
We derived the selected statement of operations data for the years ended December 31, 2017, 2016 and 2015 and the selected balance sheet data as of December 31, 2017 and 2016 from our audited consolidated financial statements included elsewhere in this Annual Report on Form 10-K. All periods presented have been restated to reflect the combined results of operations and financial position of Park and HGV as discontinued operations as a result of the spin-offs of these businesses in January 2017. The selected statement of operations data for the year ended December 31, 2014 and the selected balance sheet data as of December 31, 2015 were derived from audited consolidated financial statements that are not included in this Annual Report on Form 10-K. The selected statement of operations data for the year ended December 31, 2013 and the selected balance sheet data as of December 31, 2014 and 2013 were derived from unaudited consolidated financial statements, adjusted to reflect the spin-offs, that are not included in this Annual Report on Form 10-K.
The selected financial data below should be read together with the consolidated financial statements including the related notes thereto and "Part II—Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations" included elsewhere in this Annual Report on Form 10-K. Our historical results are not necessarily indicative of the results expected for any future period.
| As of and for the year ended December 31, | |||||||||||||||||||
| 2017 | 2016 | 2015 | 2014 | 2013 | |||||||||||||||
| (in millions, except per share data) | |||||||||||||||||||
| Selected Statement of Operations Data: | |||||||||||||||||||
| Total revenues | $ | 9,140 | $ | 7,382 | $ | 7,133 | $ | 6,688 | $ | 6,210 | |||||||||
| Operating income | 1,372 | 952 | 900 | 703 | 298 | ||||||||||||||
| Income (loss) from continuing operations, net of taxes | 1,264 | (8 | ) | 881 | 179 | (2 | ) | ||||||||||||
| Net income (loss) from continuing operations per share(1) | |||||||||||||||||||
| Basic | $ | 3.88 | $ | (0.05 | ) | $ | 2.67 | $ | 0.53 | $ | (0.14 | ) | |||||||
| Diluted | 3.85 | (0.05 | ) | 2.66 | 0.53 | (0.14 | ) | ||||||||||||
| Cash dividends declared per share(1) | $ | 0.60 | $ | 0.84 | $ | 0.42 | $ | — | $ | — | |||||||||
| Selected Balance Sheet Data: | |||||||||||||||||||
| Total assets | $ | 14,308 | $ | 26,211 | $ | 25,622 | $ | 26,001 | $ | 26,410 | |||||||||
| Long-term debt(2) | 6,602 | 6,616 | 5,894 | 6,696 | 7,723 |
| (1) | Weighted average shares outstanding used in the computation of basic and diluted net income (loss) from continuing operations per share and cash dividends declared per share for periods prior to January 3, 2017 was adjusted to reflect the Reverse Stock Split. See Note 1: "Organization" in our audited consolidated financial statements included elsewhere in this Annual Report on Form 10-K for additional information. |
| (2) | Includes current maturities and is net of unamortized deferred financing costs and discount. Also includes capital lease obligations and debt of VIEs. |
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