filings.toolsItem 6. Selected Financial Data
5K characters. Original on sec.gov ·
Item 6. Selected Financial Data
The following selected financial data should be read in conjunction with our consolidated financial statements and related notes that begin on page F-1 of this report, as well as the MD&A.
| Year ended December 31, (in millions, except per share amounts): | 2019 | 2018 | 2017 | 2016 | 2015 | ||||||||||||||||||||||||||||||||||||||||||||||||
| Revenue | $ | 14,953.7 | $ | 15,290.2 | $ | 15,273.6 | $ | 15,416.9 | $ | 15,134.4 | |||||||||||||||||||||||||||||||||||||||||||
| Operating Profit | 2,122.3 | 2,133.5 | 2,083.8 | 2,030.5 | 1,920.1 | ||||||||||||||||||||||||||||||||||||||||||||||||
| Net Income - Omnicom Group Inc. | 1,339.1 | 1,326.4 | 1,088.4 | 1,148.6 | 1,093.9 | ||||||||||||||||||||||||||||||||||||||||||||||||
| Net Income Per Common Share - Omnicom Group Inc.: | |||||||||||||||||||||||||||||||||||||||||||||||||||||
| Basic | 6.09 | 5.85 | 4.68 | 4.80 | 4.43 | ||||||||||||||||||||||||||||||||||||||||||||||||
| Diluted | 6.06 | 5.83 | 4.65 | 4.78 | 4.41 | ||||||||||||||||||||||||||||||||||||||||||||||||
| Dividends Declared Per Common Share | 2.60 | 2.40 | 2.25 | 2.15 | 2.00 | ||||||||||||||||||||||||||||||||||||||||||||||||
| December 31, (in millions): | 2019 | 2018 | 2017 | 2016 | 2015 | ||||||||||||||||||||||||||||||||||||||||||||||||
| Cash and cash equivalents and short-term investments | $ | 4,309.3 | $ | 3,657.9 | $ | 3,796.4 | $ | 3,022.8 | $ | 2,619.7 | |||||||||||||||||||||||||||||||||||||||||||
| Total assets | 26,783.4 | 24,617.0 | 24,931.2 | 23,165.4 | 22,110.7 | ||||||||||||||||||||||||||||||||||||||||||||||||
| Long-term debt, including current portion | 5,134.3 | 4,883.7 | 4,912.9 | 4,920.6 | 4,565.6 | ||||||||||||||||||||||||||||||||||||||||||||||||
| Long-term liability - operating leases | 1,274.7 | — | — | — | — | ||||||||||||||||||||||||||||||||||||||||||||||||
| Long-term liabilities | 1,006.8 | 1,197.8 | 1,091.2 | 892.3 | 800.5 | ||||||||||||||||||||||||||||||||||||||||||||||||
| Total shareholders’ equity | 2,853.9 | 2,547.1 | 2,615.1 | 2,162.0 | 2,452.4 |
On January 1, 2019, we adopted FASB Accounting Standards Codification, or ASC, Topic 842 Leases, or ASC 842, which required the recognition of the right-of-use, or ROU, assets and related lease liabilities on the balance sheet. The adoption of ASC 842 had a substantial impact on total assets and liabilities, but had no impact on our results of operations, cash flows or equity.
On January 1, 2018, we adopted ASC Topic 606 Revenue from Contracts with Customers, or ASC 606. The adoption of ASC 606 reduced revenue and operating profit in 2018 by $146.1 million and $6.6 million, respectively.
In 2017, the Tax Cuts and Jobs Act, or Tax Act, reduced net income - Omnicom Group Inc. See Note 11 to the consolidated financial statements for additional information regarding the impact of the Tax Act on income tax expense.
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