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, 2019, 2018 and 2017 and the selected balance sheet data as of December 31, 2019 and 2018 from our audited consolidated financial statements included elsewhere in this Annual Report on Form 10-K. We derived the selected statement of operations data for the years ended December 31, 2016 and 2015 and the selected balance sheet data as of December 31, 2017, 2016 and 2015 from audited consolidated financial statements 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, | |||||||||||||||||||||||||||||||||||||||||||||||||||||
| 2019(1) | 2018 | 2017 | 2016 | 2015(2) | |||||||||||||||||||||||||||||||||||||||||||||||||
| (in millions, except per share data) | |||||||||||||||||||||||||||||||||||||||||||||||||||||
| Selected Statement of Operations Data: | |||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total revenues | $ | 9,452 | $ | 8,906 | $ | 8,131 | $ | 6,576 | $ | 7,133 | |||||||||||||||||||||||||||||||||||||||||||
| Operating income | 1,657 | 1,432 | 1,132 | 868 | 904 | ||||||||||||||||||||||||||||||||||||||||||||||||
| Income (loss) from continuing operations, net of taxes | 886 | 769 | 1,089 | (17) | 881 | ||||||||||||||||||||||||||||||||||||||||||||||||
| Net income (loss) from continuing operations per share: | |||||||||||||||||||||||||||||||||||||||||||||||||||||
| Basic | $ | 3.07 | $ | 2.53 | $ | 3.34 | $ | (0.08) | $ | 2.67 | |||||||||||||||||||||||||||||||||||||||||||
| Diluted | 3.04 | 2.50 | 3.32 | (0.08) | 2.66 | ||||||||||||||||||||||||||||||||||||||||||||||||
| Cash dividends declared per share | $ | 0.60 | $ | 0.60 | $ | 0.60 | $ | 0.84 | $ | 0.42 | |||||||||||||||||||||||||||||||||||||||||||
| Selected Balance Sheet Data: | |||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total assets(3) | $ | 14,957 | $ | 13,995 | $ | 14,228 | $ | 26,176 | $ | 25,622 | |||||||||||||||||||||||||||||||||||||||||||
| Long-term debt(4) | 7,993 | 7,282 | 6,602 | 6,616 | 5,894 |
(1)We adopted the requirements of Accounting Standards Update ("ASU") ASU No. 2016-02, Leases (Topic 840) ("ASU 2016-02") on January 1, 2019 by applying the requirements on the adoption date and recording a cumulative adjustment to the opening balance of retained earnings.
(2)Selected statement of operations data and selected balance sheet data have not been adjusted from the basis of accounting applied before our adoption of ASU No. 2014-09, Revenue from Contracts with Customers (Topic 606) as of January 1, 2016.
(3)Includes the assets of Hilton, Park and HGV as of December 31, 2016 and 2015.
(4)Includes current maturities and is net of unamortized deferred financing costs and discount. Also includes finance lease liabilities and other debt of consolidated VIEs.
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