Item 6. Selected Financial Data
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Item 6. Selected Financial Data
The following selected data is derived from our Consolidated Financial Statements. This data should be read in conjunction with the Consolidated Financial Statements and notes thereto incorporated into Item 8, “Financial Statements and Supplementary Data” and with Item 7, “Management’s Discussion and Analysis of Financial Condition and Results of Operations.”
| Fiscal Year Ended August 31, | ||||||||||||||||||||
| 2018 | 2017 | 2016 | 2015 | 2014 | ||||||||||||||||
| (in thousands, except for per share data) | ||||||||||||||||||||
| Consolidated Statement of Operations Data: | ||||||||||||||||||||
| Net revenue | $ | 22,095,416 | $ | 19,063,121 | $ | 18,353,086 | $ | 17,899,196 | $ | 15,762,146 | ||||||||||
| Operating income | 542,153 | 410,230 | 522,833 | 555,411 | 204,074 | |||||||||||||||
| Income from continuing operations before tax | 373,401 | 256,233 | 387,045 | 431,646 | 72,123 | |||||||||||||||
| Income (loss) from continuing operations, net of tax | 87,541 | 127,167 | 254,896 | 294,185 | (1,588 | ) | ||||||||||||||
| Discontinued operations, net of tax(1) | — | — | — | (8,573 | ) | 243,853 | ||||||||||||||
| Net income | 87,541 | 127,167 | 254,896 | 285,612 | 242,265 | |||||||||||||||
| Net income attributable to Jabil Inc. | $ | 86,330 | $ | 129,090 | $ | 254,095 | $ | 284,019 | $ | 241,313 | ||||||||||
| Earnings per share attributable to the stockholders of Jabil Inc.: | ||||||||||||||||||||
| Basic: | ||||||||||||||||||||
| Income (loss) from continuing operations, net of tax | $ | 0.50 | $ | 0.71 | $ | 1.33 | $ | 1.51 | $ | (0.01 | ) | |||||||||
| Discontinued operations, net of tax(1) | $ | — | $ | — | $ | — | $ | (0.04 | ) | $ | 1.20 | |||||||||
| Net income | $ | 0.50 | $ | 0.71 | $ | 1.33 | $ | 1.47 | $ | 1.19 | ||||||||||
| Diluted: | ||||||||||||||||||||
| Income (loss) from continuing operations, net of tax | $ | 0.49 | $ | 0.69 | $ | 1.32 | $ | 1.49 | $ | (0.01 | ) | |||||||||
| Discontinued operations, net of tax(1) | $ | — | $ | — | $ | — | $ | (0.04 | ) | $ | 1.20 | |||||||||
| Net income | $ | 0.49 | $ | 0.69 | $ | 1.32 | $ | 1.45 | $ | 1.19 | ||||||||||
| Cash dividends declared per common share | $ | 0.32 | $ | 0.32 | $ | 0.32 | $ | 0.32 | $ | 0.32 | ||||||||||
| August 31, | ||||||||||||||||||||
| 2018 | 2017 | 2016 | 2015 | 2014 | ||||||||||||||||
| (in thousands) | ||||||||||||||||||||
| Consolidated Balance Sheets Data: | ||||||||||||||||||||
| Working capital(2) | $ | 319,050 | $ | (243,910 | ) | $ | 280,325 | $ | 191,168 | $ | 1,037,920 | |||||||||
| Total assets | $ | 12,045,641 | $ | 11,095,995 | $ | 10,322,677 | $ | 9,591,600 | $ | 8,479,746 | ||||||||||
| Current installments of notes payable and long-term debt | $ | 25,197 | $ | 444,255 | $ | 44,689 | $ | 321,964 | $ | 11,750 | ||||||||||
| Notes payable and long-term debt, less current installments | $ | 2,493,502 | $ | 1,606,017 | $ | 2,046,655 | $ | 1,308,663 | $ | 1,639,916 | ||||||||||
| Total Jabil Inc. stockholders’ equity | $ | 1,950,257 | $ | 2,353,514 | $ | 2,438,171 | $ | 2,314,856 | $ | 2,241,828 | ||||||||||
| Common stock shares outstanding | 164,588 | 177,728 | 186,998 | 192,068 | 194,114 | |||||||||||||||
Table of Contents
| Fiscal Year Ended August 31, | ||||||||||||||||||||
| 2018 | 2017 | 2016 | 2015 | 2014 | ||||||||||||||||
| (in thousands) | ||||||||||||||||||||
| Consolidated Cash Flow Data: | ||||||||||||||||||||
| Net cash provided by operating activities | $ | 933,850 | $ | 1,256,643 | $ | 916,207 | $ | 1,240,528 | $ | 499,639 | ||||||||||
| Investing activities: | ||||||||||||||||||||
| Acquisition of property, plant and equipment | $ | (1,036,651 | ) | $ | (716,485 | ) | $ | (924,239 | ) | $ | (963,145 | ) | $ | (624,060 | ) | |||||
| Proceeds and advances from sale of property, plant and equipment | $ | 350,291 | $ | 175,000 | $ | 26,031 | $ | 15,784 | $ | 161,138 | ||||||||||
| Financing activities: | ||||||||||||||||||||
| Payments to acquire treasury stock | $ | (450,319 | ) | $ | (306,640 | ) | $ | (148,340 | ) | $ | (85,576 | ) | $ | (260,274 | ) |
| (1) | During fiscal year 2014, we sold our Aftermarket Services business for consideration of $725.0 million. |
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| (2) | Working capital is defined as current assets minus current liabilities. |
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Table of Contents
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