You should read the table below in conjunction with "Management's Discussion and Analysis of Financial Condition and Results of Operations" and our Consolidated Financial Statements and related notes included in this Annual Report (amounts in thousands, except per share data).
As of and for the Years ended December 31,
2015(1)
2014(2)
2013(3)
2012(4)
2011(5)
Operations data:
Net sales
$
3,582,395
$
3,549,494
$
3,238,128
$
2,993,489
$
2,797,089
Gross profit
2,164,646
2,101,899
1,882,928
1,671,717
1,515,564
Income from operations
1,027,918
999,473
842,361
757,587
660,539
Net earnings
696,067
646,033
538,293
483,360
427,247
Per share data:
Basic earnings per share
$
6.92
$
6.47
$
5.43
$
4.95
$
4.45
Diluted earnings per share
6.85
6.40
5.37
4.86
4.34
Dividends declared per share
$
1.0500
$
0.8500
$
0.6950
0.5775
$
0.4675
Balance sheet data:
Working capital (6)
$
897,919
$
884,158
$
730,246
$
159,887
$
561,277
Total assets(7)
10,168,365
8,400,185
8,169,120
7,059,975
5,314,673
Long-term debt, net of current portion(7)
3,264,417
2,190,282
2,437,975
1,492,533
1,010,366
Stockholders' equity
5,298,947
4,755,360
4,213,050
3,687,726
3,195,096
(1)
Includes results from the acquisitions of Strata Decision Technologies LLC from January 21, 2015, SoftWriters, Inc. from February 9, 2015, Data Innovations LLC from March 4, 2015, On Center Software LLC from July 20, 2015, RF IDeas, Inc. from September 1, 2015, Atlantic Health Partners LLC from September 4, 2015, Aderant Holdings, Inc. from October 21, 2015, Atlas Database Software Corp. from October 26, 2015, Black Diamond Advanced Technologies through March 20, 2015 and Abel Pumps through October 2, 2015.
(2)
Includes results from the acquisitions of Foodlink Holdings, Inc. from July 2, 2014, Innovative Product Achievements LLC from August 5, 2014, Strategic Healthcare Programs Holdings LLC from August 14, 2014.
(3)
Includes results from the acquisitions of Managed Health Care Associates, Inc. from May 1, 2013 and Advanced Sensors, Ltd. from October 4, 2013.
(4)
Includes results from the acquisition of Sunquest Information Systems, Inc. from August 22, 2012.
(5)
Includes results from the acquisitions of NDI Holding Corp. from June 3, 2011, United Controls Group, Inc. from September 26, 2011 and Trinity Integrated Systems Ltd. from December 1, 2011.
(6)
At December 31, 2012, there were $499 million of senior notes, net of debt issuance costs (adjusted due to the retrospective adoption of an accounting standard update which requires that our senior notes be shown net of debt issuance costs), outstanding that matured on August 15, 2013, thus requiring a classification as short-term debt, included in working capital.
(7)
Other assets and Long-term debt, net of current portion for 2011 through 2014 have been adjusted due to the retrospective adoption of an accounting standard update which requires that our senior notes be shown net of debt issuance costs. The adjustment amounts were $12,749, $15,861, $10,574 and $4,744 for the years ended December 31, 2014, 2013, 2012 and 2011, respectively.
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