A Dark Vector Cognition product

Item 6. Selected Financial Data

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Item 6. Selected Financial Data

20172016201520142013
(In thousands except for per-share amounts)
Operating Data (a)
Sales$2,066,982$1,808,994$1,688,666$1,704,021$1,542,921
Cost of sales927,981815,495774,702758,923676,777
% of sales4545464544
Selling and administrative expenses678,861594,293584,823575,442541,169
% of sales3333353435
Severance and restructuring costs2,43810,77511,4112,5511,126
Long-lived asset impairments—————
Operating profit457,702388,431317,730367,105323,849
% of sales2221192221
Net income295,802271,843211,111246,773221,817
% of sales1415131414
Financial Data (a) (e)
Working capital$240,626$414,032$420,815$301,815$365,269
Net property, plant and equipment and other non-current assets2,526,1671,675,0081,646,7231,606,2741,449,712
Total capital (b)2,648,0941,767,3691,724,2111,661,1101,496,681
Total assets3,414,5392,420,5832,358,3142,278,9572,051,778
Long-term liabilities1,611,3001,237,4371,407,5221,003,292927,118
Shareholders’ equity1,155,493851,603660,016904,797887,863
Return on average total capital — % (c)1416131718
Return on average shareholders’ equity — % (d)3037262729
Per-Share Data (a)
Average number of common shares57,53357,06060,65263,65664,214
Average number of common shares and common share equivalents58,20457,53061,15164,28164,908
Basic earnings per share$5.14$4.76$3.48$3.88$3.45
Diluted earnings per share5.084.733.453.843.42
Dividends per common share1.110.990.900.760.63
Book value per common share20.0214.8611.5114.4913.83
(a)See accompanying Notes to Consolidated Financial Statements.
(b)Notes payable, plus current portion of long-term debt, plus long-term debt, minus cash and marketable securities, plus shareholders’ equity.
(c)Net income plus after-tax interest expense on borrowings as a percentage of the average of quarterly borrowings (net of cash) plus shareholders’ equity over five accounting periods.
(d)Net income as a percentage of average quarterly shareholders’ equity over five accounting periods.
(e)Certain amounts for the years 2013 through 2016 have been adjusted to reflect the retrospective application of our reclassification of debt issuance costs upon the adoption of a new accounting standard, as described in Note 2 to the Consolidated Financial Statements.

Nordson Corporation 21

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