A Dark Vector Cognition product

Item 6. SELECTED FINANCIAL DATA

3K characters. Original on sec.gov · Markdown

Item 6. SELECTED FINANCIAL DATA

Year Ended December 31,
(In thousands, except per share amounts)20192018201720162015
Operating Data:
Revenue from operations$4,109,111$4,043,695$3,358,112$2,991,517$2,972,442
Depreciation and amortization expense253,681230,357205,763189,867165,343
Total operating expenses3,290,4053,226,6442,782,2262,507,6822,474,202
Operating income818,706817,051575,886483,835498,240
Interest (income) expense, net(6,386)(2,924)1,4144,2745,001
Provision for income taxes208,431209,845112,058181,822185,327
Net income (1)615,518605,668463,774295,765304,690
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 assets866,834706,229584,653382,622381,730
Total assets (2)3,995,5683,545,2833,068,4242,696,2472,466,504
Current liabilities (2)366,085356,732351,049288,636285,402
Long-term debt (including current maturities)45,00045,00095,000104,975133,805
Shareholders’ equity3,080,7172,680,4832,276,8541,851,1581,684,637
(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.
(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.

Previous: Item 5. MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES · Next: Item 7. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS