filings.toolsItem 6. Selected Financial Data
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Item 6. Selected Financial Data
The following table presents selected financial and other data for Insulet Corporation. The consolidated statement of operations data set forth below for 2019, 2018 and 2017, and the consolidated balance sheet data as of December 31, 2019 and December 31, 2018, are derived from our audited consolidated financial statements included elsewhere in this annual report. The consolidated statement of operations data for 2016 and 2015 and the consolidated balance sheet data as of December 31, 2017, December 31, 2016 and December 31, 2015 are derived from our audited consolidated financial statements that are not included in this annual report.
The selected historical financial data presented below should be read in conjunction with our consolidated financial statements and accompanying notes and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” included elsewhere in this annual report.
| Years Ended December 31, | |||||||||||||||||||
| (in millions, except per share data) | 2019 | 2018 | 2017 | 2016 | 2015 | ||||||||||||||
| Consolidated Statement of Operations Data: | |||||||||||||||||||
| Revenue | $ | 738.2 | $ | 563.8 | $ | 463.8 | $ | 367.0 | $ | 263.9 | |||||||||
| Gross profit | $ | 480.3 | $ | 370.2 | $ | 277.2 | $ | 211.1 | $ | 133.3 | |||||||||
| Operating income (loss) (1) | $ | 50.0 | $ | 27.4 | $ | (7.4 | ) | $ | (10.7 | ) | $ | (48.7 | ) | ||||||
| Income (loss) from continuing operations (2) | $ | 11.6 | $ | 3.3 | $ | (26.8 | ) | $ | (27.2 | ) | $ | (61.6 | ) | ||||||
| Income (loss) from continuing operations per share: | |||||||||||||||||||
| Basic | $ | 0.19 | $ | 0.06 | $ | (0.46 | ) | $ | (0.48 | ) | $ | (1.08 | ) | ||||||
| Diluted | $ | 0.19 | $ | 0.05 | $ | (0.46 | ) | $ | (0.48 | ) | $ | (1.08 | ) | ||||||
| Weighted-average number of shares: | |||||||||||||||||||
| Basic | 60.6 | 58.9 | 58.0 | 57.3 | 56.8 | ||||||||||||||
| Diluted | 62.3 | 61.0 | 58.0 | 57.3 | 56.8 | ||||||||||||||
| Consolidated Balance Sheet Data: | |||||||||||||||||||
| Total assets | $ | 1,142.9 | $ | 928.7 | $ | 816.7 | $ | 456.6 | $ | 275.1 | |||||||||
| Convertible debt, net | $ | 887.9 | $ | 592.0 | $ | 566.2 | $ | 332.8 | $ | 172.0 | |||||||||
| Shareholders’ equity | $ | 75.9 | $ | 212.1 | $ | 158.5 | $ | 63.2 | $ | 34.1 |
(1) 2018 includes a charge of $12.6 million for severance costs associated with the retirement of the Company’s former CEO, of which $8.2 million represented stock-based compensation expense resulting from the accelerated vesting of equity awards.
(2) 2019 includes an $8.7 million loss on extinguishment of debt.
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