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Item 6. SELECTED FINANCIAL DATA

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Item 6. SELECTED FINANCIAL DATA

FIVE-YEAR SUMMARY OF SELECTED FINANCIAL DATA

(in millions, except per-share amounts)

As of and for the years ended December 31,20182017201620152014
RESULTS OF OPERATIONS (a)
Net sales$17,824$12,508$10,090$12,480$19,312
Income (loss) from continuing operations$4,131$1,311$(1,002)$(8,146)$(130)
Net income (loss) attributable to common stock$4,131$1,311$(574)$(7,829)$616
Basic earnings (loss) per common share from continuing operations$5.40$1.71$(1.31)$(10.64)$(0.18)
Basic earnings (loss) per common share$5.40$1.71$(0.75)$(10.23)$0.79
Diluted earnings (loss) per common share$5.39$1.70$(0.75)$(10.23)$0.79
FINANCIAL POSITION (a)
Total assets$43,854$42,026$43,109$43,409$56,237
Long-term debt, net$10,201$9,328$9,819$6,855$6,816
Stockholders’ equity$21,330$20,572$21,497$24,350$34,959
MARKET CAPITALIZATION (b)$45,998$56,357$54,437$51,632$62,119
CASH FLOW FROM CONTINUING OPERATIONS
Operating:
Cash flow from continuing operations$7,669$4,861$2,520$3,251$8,879
Investing:
Capital expenditures$(4,975)$(3,599)$(2,717)$(5,272)$(8,930)
Cash provided (used) by all other investing activities, net$1,769$520$(2,026)$(148)$2,678
Financing:
Cash dividends paid$(2,374)$(2,346)$(2,309)$(2,264)$(2,210)
Purchases of treasury stock$(1,248)$(25)$(22)$(593)$(2,500)
Cash provided by all other financing activities, net$520$28$1,529$1,515$6,403
DIVIDENDS PER COMMON SHARE$3.10$3.06$3.02$2.97$2.88
WEIGHTED AVERAGE BASIC SHARES OUTSTANDING (millions)762765764766781

Note: The statements of income and cash flows related to California Resources have been treated as discontinued operations for all periods presented. The assets and liabilities of California Resources were removed from Occidental's consolidated balance sheet as of November 30, 2014.

(a)See the MD&A section of this report and the Notes to Consolidated Financial Statements for information regarding acquisitions and dispositions, discontinued operations and other items affecting comparability.
(b)Market capitalization is calculated by multiplying the year-end total shares of common stock outstanding, net of shares held as treasury stock, by the year-end closing stock price.

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