Item 6. SELECTED FINANCIAL DATA
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Item 6. SELECTED FINANCIAL DATA
The following table sets forth our selected historical financial data for the five years ended December 31, 2013.
| Years ended December 31 | |||||||||||||||
| In millions, except per-share data | 2013 | 2012 | 2011 | 2010 | 2009 | ||||||||||
| Consolidated statements of operations and comprehensive income (loss) data | |||||||||||||||
| Net sales | $ | 7,479.7 | $ | 4,416.1 | $ | 3,456.7 | $ | 3,030.8 | $ | 2,692.5 | |||||
| Operating income (loss) | 774.0 | (43.1 | ) | 100.2 | 313.0 | 219.1 | |||||||||
| Net income (loss) attributable to Pentair Ltd. | 536.8 | (107.2 | ) | (7.5 | ) | 185.5 | 115.0 | ||||||||
| Per-share data | |||||||||||||||
| Basic: | |||||||||||||||
| Earnings (loss) per share attributable to Pentair Ltd. | $ | 2.67 | $ | (0.84 | ) | $ | (0.08 | ) | $ | 1.89 | $ | 1.18 | |||
| Weighted average shares | 201.1 | 127.4 | 98.2 | 98.0 | 97.4 | ||||||||||
| Diluted: | |||||||||||||||
| Earnings (loss) per share attributable to Pentair Ltd. | $ | 2.62 | $ | (0.84 | ) | $ | (0.08 | ) | $ | 1.87 | $ | 1.16 | |||
| Weighted average shares | 204.6 | 127.4 | 98.2 | 99.3 | 98.5 | ||||||||||
| Cash dividends declared and paid per common share | $ | 0.96 | $ | 0.88 | $ | 0.80 | $ | 0.76 | $ | 0.72 | |||||
| Cash dividends declared and unpaid per common share | 0.50 | 0.46 | — | — | — | ||||||||||
| Consolidated balance sheets data | |||||||||||||||
| Total assets | $ | 11,743.3 | $ | 11,882.7 | $ | 4,586.3 | $ | 3,973.5 | $ | 3,911.3 | |||||
| Total debt | 2,555.1 | 2,457.4 | 1,309.1 | 707.5 | 805.6 | ||||||||||
| Total equity | 6,217.7 | 6,487.5 | 2,047.4 | 2,205.0 | 2,126.3 |
Factors Affecting Comparability of our Selected Financial Data
For periods prior to 2012, the Consolidated Statements of Operations and Comprehensive Income (Loss) and Consolidated Statements of Cash Flows include the historical results of Pentair, Inc. Following the consummation of the Merger on September 28, 2012, the consolidated financial statements include the results of Flow Control.
In May 2011, we acquired as part of Process Technologies, the Clean Process Technologies division of privately held Norit Holding B.V. In the fourth quarter of 2011, we recorded a pre-tax non-cash goodwill impairment charge of $200.5 million.
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