filings.toolsItem 6. SELECTED FINANCIAL DATA
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Item 6. SELECTED FINANCIAL DATA
The following selected financial data reflect the consolidated operations of PayPal. PayPal derived the selected consolidated income statement data for the years ended December 31, 2020, 2019, and 2018 and the selected consolidated balance sheet data as of December 31, 2020 and 2019 as set forth below, from its audited consolidated financial statements, which are included in “Item 15. Exhibits, Financial Statement Schedules” of this Annual Report on Form 10-K (“Form 10-K”). PayPal derived the selected consolidated income statement data for the years ended December 31, 2017 and 2016 and selected consolidated balance sheet data as of December 31, 2018, 2017, and 2016 from audited consolidated financial statements not included in this Form 10-K. The historical results do not necessarily indicate the results expected for any future period. You should read the selected consolidated financial data presented below in conjunction with “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and the consolidated financial statements and accompanying notes included in this report.
| Year Ended December 31, | |||||||||||||||||||||||||||||
| 2020 | 2019 | 2018 | 2017 | 2016 | |||||||||||||||||||||||||
| (In millions, except per share amounts) | |||||||||||||||||||||||||||||
| Consolidated Statement of Income Data: | |||||||||||||||||||||||||||||
| Net revenues | $ | 21,454 | $ | 17,772 | $ | 15,451 | $ | 13,094 | $ | 10,842 | |||||||||||||||||||
| Operating income | 3,289 | 2,719 | 2,194 | 2,127 | 1,586 | ||||||||||||||||||||||||
| Net income | 4,202 | 2,459 | 2,057 | 1,795 | 1,401 | ||||||||||||||||||||||||
| Net income per share: | |||||||||||||||||||||||||||||
| Basic | $ | 3.58 | $ | 2.09 | $ | 1.74 | $ | 1.49 | $ | 1.16 | |||||||||||||||||||
| Diluted | $ | 3.54 | $ | 2.07 | $ | 1.71 | $ | 1.47 | $ | 1.15 | |||||||||||||||||||
| Weighted average shares: | |||||||||||||||||||||||||||||
| Basic | 1,173 | 1,174 | 1,184 | 1,203 | 1,210 | ||||||||||||||||||||||||
| Diluted | 1,187 | 1,188 | 1,203 | 1,221 | 1,218 | ||||||||||||||||||||||||
| Consolidated Balance Sheet Data: | |||||||||||||||||||||||||||||
| Total assets | $ | 70,379 | $ | 51,333 | $ | 43,332 | $ | 40,774 | $ | 33,103 | |||||||||||||||||||
| Total long-term liabilities | 11,869 | 7,485 | 2,042 | 1,917 | 1,513 |
 | 30 |
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