Item 6. Selected Financial Data.

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Item 6. Selected Financial Data.

The following table sets forth, for the periods and at the dates indicated, our summary historical financial data. The table is derived from our consolidated financial statements and notes thereto, and should be read in conjunction with those audited financial statements. See also Item 7 “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in this report for more information.

Five-Year Review Kinder Morgan, Inc. and Subsidiaries

	As of or for the Year Ended December 31,
	2016		2015		2014		2013			2012
	(In millions, except per share amounts)
Income and Cash Flow Data:
Revenues	$	13,058	$	14,403	$	16,226	$	14,070		$	9,973
Operating income	3,572		2,447		4,448		3,990			2,593
Earnings from equity investments	497		414		406		327			153
Income from continuing operations	721		208		2,443		2,696			1,204
Loss from discontinued operations, net of tax	—		—		—		(4		)	(777		)
Net income	721		208		2,443		2,692			427
Net income attributable to Kinder Morgan, Inc.	708		253		1,026		1,193			315
Net income available to common stockholders	552		227		1,026		1,193			315
Class P Shares
Basic and Diluted Earnings Per Common Share From Continuing Operations	$	0.25	$	0.10	$	0.89	$	1.15		$	0.56
Basic and Diluted Loss Per Common Share From Discontinued Operations	—		—		—		—			(0.21		)
Total Basic and Diluted Earnings Per Common Share	$	0.25	$	0.10	$	0.89	$	1.15		$	0.35
Class A Shares
Basic and Diluted Earnings Per Common Share From Continuing Operations										$	0.47
Basic and Diluted Loss Per Common Share From Discontinued Operations										(0.21		)
Total Basic and Diluted Earnings Per Common Share										$	0.26
Basic Weighted Average Common Shares Outstanding:
Class P shares	2,230		2,187		1,137		1,036			461
Class A shares										446
Diluted Weighted Average Common Shares Outstanding:
Class P shares	2,230		2,193		1,137		1,036			908
Class A shares										446

Dividends per common share declared for the period(a)	$	0.50	$	1.605	$	1.74	$	1.60		$	1.40
Dividends per common share paid in the period(a)	0.50		1.93		1.70		1.56			1.34

Balance Sheet Data (at end of period):
Property, plant and equipment, net	$	38,705	$	40,547	$	38,564	$	35,847		$	30,996
Total assets	80,305		84,104		83,049		75,071			68,133
Long-term debt(b)	36,205		40,732		38,312		31,910			29,409


(a)	Dividends for the fourth quarter of each year are declared and paid during the first quarter of the following year.


(b)	Excludes debt fair value adjustments. Increases to long-term debt for debt fair value adjustments totaled $1,149 million, $1,674 million, $1,785 million, $1,863 million and $2,479 million as of December 31, 2016, 2015, 2014, 2013 and 2012, respectively.

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