Item 6. Selected Financial Data

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Item 6. Selected Financial Data

(not covered by Report of Independent Registered Public Accounting Firm)

(dollars in thousands, except for per share data)

The following table sets forth our selected historical consolidated financial information for each of the five years in the period ended December 31, 2019. The statements of income and comprehensive income data, the statements of equity data, the statements of cash flows data and the other data for the years ended December 31, 2019, 2018 and 2017 and the balance sheet data as of December 31, 2019 and 2018 were derived from our audited consolidated financial statements included elsewhere in this Form 10-K. The statements of income and comprehensive income data, the statements of equity data, the statements of cash flows data and the other data for the years ended December 31, 2016 and 2015, and the balance sheet data as of December 31, 2017, 2016 and 2015 were derived from our audited consolidated financial statements that are not included in this Form 10-K.

The selected financial data presented below is not necessarily indicative of results of future operations and should be read in conjunction with our consolidated financial statements and the information included under the headings “Management’s Discussion and Analysis of Financial Condition and Results of Operations” included elsewhere in this Form 10-K.

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As of or for the Years Ended December 31,	2019		2018		2017			2016			2015
Total assets (book value)	$	18,554,796	$	15,260,483	$	14,058,166		$	13,152,871		$	11,845,379
Cash and cash equivalents	54,011		10,387		6,898			9,420			40,294
Total debt	7,901,547		6,499,976		6,111,471			5,839,605			4,820,995
Total liabilities	8,750,638		7,139,505		6,667,458			6,365,818			5,292,046
Total equity	9,804,158		8,120,978		7,390,708			6,787,053			6,553,333
Net cash provided by operating activities	1,068,937		940,742		875,850			799,863			693,567
Net change in cash, cash equivalents and restricted cash	49,934		8,929		(3,539		)	(34,652		)	4,152
Total revenue	1,491,591		1,327,838		1,215,768			1,103,172			1,023,285
Net income	437,478		364,598		319,318			316,477			284,855
Preferred stock dividends	—		—		(3,911		)	(27,080		)	(27,080		)
Excess of redemption value over carrying value of preferred shares redeemed	—		—		(13,373		)	—			—
Net income available to common stockholders	436,482		363,614		301,514			288,491			256,686
Cash distributions paid to common stockholders	852,134		761,582		689,294			610,516			533,238
Basic and diluted net income per common share	1.38		1.26		1.10			1.13			1.09
Cash distributions paid per common share	2.710500		2.630500		2.527000			2.391500			2.271417
Cash distributions declared per common share	2.717000		2.639000		2.537000			2.403000			2.279000
Basic weighted average number of common shares outstanding	315,837,012		289,427,430		273,465,680			255,066,500			235,767,932
Diluted weighted average number of common shares outstanding	316,159,277		289,923,984		273,936,752			255,624,250			236,208,390

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