Item 6. SELECTED FINANCIAL DATA
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Item 6. SELECTED FINANCIAL DATA
| Year Ended December 31, | ||||||||||||||||||||
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| (In thousands, except per share amounts) | 2019 | 2018 | 2017 | 2016 | 2015 | |||||||||||||||
| Operating Data: | ||||||||||||||||||||
| Revenue from operations | $ | 4,109,111 | $ | 4,043,695 | $ | 3,358,112 | $ | 2,991,517 | $ | 2,972,442 | ||||||||||
| Depreciation and amortization expense | 253,681 | 230,357 | 205,763 | 189,867 | 165,343 | |||||||||||||||
| Total operating expenses | 3,290,405 | 3,226,644 | 2,782,226 | 2,507,682 | 2,474,202 | |||||||||||||||
| Operating income | 818,706 | 817,051 | 575,886 | 483,835 | 498,240 | |||||||||||||||
| Interest (income) expense, net | (6,386 | ) | (2,924 | ) | 1,414 | 4,274 | 5,001 | |||||||||||||
| Provision for income taxes | 208,431 | 209,845 | 112,058 | 181,822 | 185,327 | |||||||||||||||
| Net income (1) | 615,518 | 605,668 | 463,774 | 295,765 | 304,690 | |||||||||||||||
| Per Share Data: | ||||||||||||||||||||
| Basic earnings per share | $ | 7.67 | $ | 7.39 | $ | 5.63 | $ | 3.56 | $ | 3.57 | ||||||||||
| Diluted earnings per share | $ | 7.66 | $ | 7.38 | $ | 5.63 | $ | 3.56 | $ | 3.57 | ||||||||||
| Cash dividends per share | $ | 0.68 | $ | 0.52 | $ | 0.40 | $ | — | $ | — | ||||||||||
| Balance Sheet Data: | ||||||||||||||||||||
| Cash and cash equivalents | $ | 403,571 | $ | 190,282 | $ | 127,462 | $ | 10,171 | $ | 11,472 | ||||||||||
| Current assets | 866,834 | 706,229 | 584,653 | 382,622 | 381,730 | |||||||||||||||
| Total assets (2) | 3,995,568 | 3,545,283 | 3,068,424 | 2,696,247 | 2,466,504 | |||||||||||||||
| Current liabilities (2) | 366,085 | 356,732 | 351,049 | 288,636 | 285,402 | |||||||||||||||
| Long-term debt (including current maturities) | 45,000 | 45,000 | 95,000 | 104,975 | 133,805 | |||||||||||||||
| Shareholders’ equity | 3,080,717 | 2,680,483 | 2,276,854 | 1,851,158 | 1,684,637 |
| (1) | Our 2017 net income included a tax benefit of $104.9 million due to the remeasurement of our deferred taxes to reflect the impact of the Tax Act. |
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| (2) | On January 1, 2019, the Company adopted Accounting Standards Update 2016-02, “Leases” (Topic 842), which resulted in the recognition of right-of-use assets of approximately $65 million with corresponding lease liabilities on our Balance Sheet as of December 31, 2019. |
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