A Dark Vector Cognition product

Item 6. Selected Financial Data

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Item 6. Selected Financial Data

20192018201720162015
(In thousands except for per-share amounts)
Operating Data (a) (e)
Sales$2,194,226$2,254,668$2,066,982$1,808,994$1,688,666
Cost of sales1,002,1231,018,340927,692813,792772,225
% of sales4645454546
Selling and administrative expenses708,990733,749672,888597,076582,848
% of sales3233333335
Operating profit483,113502,579466,402398,126333,593
% of sales2222232220
Net income337,091377,375295,802271,843211,111
% of sales1517141513
Financial Data (a) (f)
Working capital$533,569$533,822$240,626$414,032$420,815
Net property, plant and equipment and other non-current assets2,505,2522,536,9102,526,1671,675,0081,646,723
Total capital (b)2,674,0232,669,1542,648,0941,767,3691,724,211
Total assets3,516,4473,421,0123,414,5392,420,5832,358,314
Long-term liabilities1,457,7761,619,9911,611,3001,237,4371,407,522
Shareholders’ equity1,581,0451,450,7411,155,493851,603660,016
Return on average total capital — % (c)1415141613
Return on average shareholders’ equity — % (d)2328303726
Per-Share Data (a)
Average number of common shares57,46257,97057,53357,06060,652
Average number of common shares and common share equivalents58,20258,93158,20457,53061,151
Basic earnings per share$5.87$6.51$5.14$4.76$3.48
Diluted earnings per share5.796.405.084.733.45
Dividends per common share1.431.251.110.990.90
Book value per common share27.4525.0020.0214.8611.51
(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 the last five quarterly accounting periods.
(d)Net income as a percentage of average quarterly shareholders’ equity over the last five quarterly accounting periods.
(e)Certain amounts for the years 2015 through 2018 have been adjusted to reflect the retrospective application of our reclassification of certain pension costs upon the adoption of a new accounting standard in 2019.
(f)Certain amounts for the years 2015 and 2016 have been adjusted to reflect the retrospective application of our reclassification of debt issuance costs upon the adoption of a new accounting standard in 2017.

Nordson Corporation 20

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