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,
2016(1)
2015(2)
2014(3)
2013(4)
2012(5)
Operations data:
Net sales
$
3,789,925
$
3,582,395
$
3,549,494
$
3,238,128
$
2,993,489
Gross profit
2,332,410
2,164,646
2,101,899
1,882,928
1,671,717
Income from operations
1,054,563
1,027,918
999,473
842,361
757,587
Net earnings
658,645
696,067
646,033
538,293
483,360
Per share data:
Basic earnings per share
$
6.50
$
6.92
$
6.47
$
5.43
$
4.95
Diluted earnings per share
6.43
6.85
6.40
5.37
4.86
Dividends declared per share
$
1.2500
$
1.0500
$
0.8500
0.6950
$
0.5775
Balance sheet data:
Working capital (6)
$
331,229
$
897,919
$
884,158
$
730,246
$
159,887
Total assets(7)
14,324,927
10,168,365
8,400,185
8,169,120
7,059,975
Long-term debt, net of current portion(7)
5,808,561
3,264,417
2,190,282
2,437,975
1,492,533
Stockholders' equity
5,788,865
5,298,947
4,755,360
4,213,050
3,687,726
(1)
Includes results from the acquisitions of CliniSys Group Ltd. from January 7, 2016, PCI Medical Inc. from March 17, 2016, GeneInsight Inc. from April 1, 2016, iSqFt Holdings Inc. (d/b/a ConstructConnect) from October 31, 2016, UNIConnect LC from November 10, 2016 and Deltek Inc. from December 28, 2016.
(2)
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.
(3)
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.
(4)
Includes results from the acquisitions of Managed Health Care Associates Inc. from May 1, 2013 and Advanced Sensors Ltd. from October 4, 2013.
(5)
Includes results from the acquisition of Sunquest Information Systems Inc. from August 22, 2012.
(6)
At December 31, 2016, there were $399 million of senior notes, net of debt issuance costs, due November 15, 2017 and 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), that matured on August 15, 2013, thus requiring a classification as short-term debt, included in working capital.
(7)
Total assets and Long-term debt, net of current portion for 2012 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 and $10,574 for the years ended December 31, 2014, 2013 and 2012, respectively.
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