The following selected financial data reflects the results of operations, financial position data and ordinary share information for the fiscal years ended September 30, 2015 through September 30, 2019 (dollars in millions, except per share data). Certain amounts have been revised to reflect the retrospective application of the classification of the Power Solutions business as a discontinued operation for all periods presented.
Year ended September 30,
2019
2018
2017
2016
2015
OPERATING RESULTS
Net sales
$
23,968
$
23,400
$
22,835
$
14,184
$
10,510
Segment EBITA (1)
3,041
3,138
2,831
1,427
1,086
Income (loss) from continuing operations attributable to Johnson Controls (6)
1,100
1,175
672
(10
)
42
Net income (loss) attributable to Johnson Controls
5,674
2,162
1,611
(868
)
1,563
Earnings (loss) per share from continuing operations (6)
Basic
$
1.26
$
1.27
$
0.72
$
(0.01
)
$
0.06
Diluted
1.26
1.26
0.71
(0.01
)
0.06
Return on average shareholders’ equity attributable to Johnson Controls (2) (6)
5
%
6
%
3
%
—
%
—
%
Capital expenditures
$
586
$
645
$
760
$
491
$
418
Depreciation and amortization
825
824
919
382
240
Number of employees
104,000
122,000
121,000
209,000
139,000
FINANCIAL POSITION
Working capital (as defined) (3)
$
975
$
471
$
449
$
(619
)
$
(220
)
Total assets
42,287
48,797
51,884
63,179
29,590
Long-term debt
6,708
9,623
11,885
10,966
5,237
Total debt
7,219
10,930
13,465
12,636
6,073
Shareholders' equity attributable to Johnson Controls
19,766
21,164
20,447
24,118
10,335
Total debt to capitalization (4)
27
%
34
%
40
%
34
%
37
%
Net book value per share (5)
$
25.42
$
22.88
$
22.03
$
25.77
$
15.96
ORDINARY SHARE INFORMATION
Dividends per share
$
1.04
$
1.04
$
1.00
$
1.16
$
1.04
Market prices
High
$
44.65
$
42.60
$
46.17
$
48.97
$
54.52
Low
28.30
32.89
36.74
30.30
38.48
Weighted average shares (in millions)
Basic
870.2
925.7
935.3
667.4
655.2
Diluted
874.3
931.7
944.6
672.6
661.5
Number of shareholders
35,367
37,836
40,260
41,299
35,425
(1)
Segment earnings before interest, taxes and amortization ("EBITA") is calculated as income from continuing operations before income taxes and noncontrolling interests, excluding general corporate expenses, intangible asset amortization, net financing charges, restructuring and impairment costs, and net mark-to-market adjustments related to pension and postretirement plans and restricted asbestos investments. Refer to Note 19, “Segment Information,” of the notes to consolidated financial statements for a reconciliation of segment EBITA to income from continuing operations before income taxes.
(2)
Return on average shareholders’ equity attributable to Johnson Controls represents income from continuing operations attributable to Johnson Controls divided by average shareholders’ equity attributable to Johnson Controls.
(3)
Working capital is defined as current assets less current liabilities, excluding cash, short-term debt, the current portion of long-term debt, and the current portions of assets and liabilities held for sale.
(4)
Total debt to total capitalization represents total debt divided by the sum of total debt and shareholders’ equity attributable to Johnson Controls.
(5)
Net book value per share represents shareholders’ equity attributable to Johnson Controls divided by the number of shares outstanding at the end of the period.
(6)
Income (loss) from continuing operations attributable to Johnson Controls includes $235 million, $255 million, $347 million, $222 million and $204 million of significant restructuring and impairment costs in fiscal year 2019, 2018, 2017, 2016 and 2015, respectively. It also includes $618 million, $(24) million, $(384) million, $341 million and $368 million of net mark-to-market losses (gains) in fiscal year 2019, 2018, 2017, 2016 and 2015, respectively. The preceding amounts are stated on a pre-tax basis.
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