Item 6. Selected Financial Data

3K characters. Original on sec.gov · Markdown

Item 6. Selected Financial Data



	Fiscal Year Ended October 31,(1)
	2019			2018			2017		2016		2015
	(in thousands, except per share data)
Revenue	$	3,360,694		$	3,121,058		$	2,724,880	$	2,422,532	$	2,242,211
Income before provisions for income taxes	545,506			363,543			383,098		329,548		281,610
Provision (benefit) for income taxes(2)	13,139			(68,975		)	246,535		62,722		55,676
Net income	532,367			432,518			136,563		266,826		225,934
Net income per share:
Basic	3.55			2.90			0.91		1.76		1.46
Diluted	3.45			2.82			0.88		1.73		1.43
Working capital (deficit)(3)	(13,536		)	(558,618		)	68,484		1,992		(109,546		)
Total assets	6,405,160			6,145,974			5,396,414		5,240,365		5,045,739
Long-term debt	120,093			125,535			134,063		—		—
Stockholders’ equity	4,088,876			3,485,015			3,279,724		3,195,146		3,133,989


(1)	Our fiscal year ends on the Saturday nearest to October 31 and consists of 52 weeks, with the exception that approximately every five years, we have a 53-week year. When a 53-week year occurs, we include the additional week in the first quarter to realign fiscal quarters with calendar quarters. Fiscal 2018 was a 53-week year and ended on November 3, 2018. Fiscal 2019, 2017, 2016, and 2015 were 52-week years ending on November 2, 2019, October 28, 2017, October 29, 2016, and October 31, 2015, respectively.

(1)

Our fiscal year ends on the Saturday nearest to October 31 and consists of 52 weeks, with the exception that approximately every five years, we have a 53-week year. When a 53-week year occurs, we include the additional week in the first quarter to realign fiscal quarters with calendar quarters. Fiscal 2018 was a 53-week year and ended on November 3, 2018. Fiscal 2019, 2017, 2016, and 2015 were 52-week years ending on November 2, 2019, October 28, 2017, October 29, 2016, and October 31, 2015, respectively.


(2)	Includes $10.9 million, $14.7 million, $7.1 million, $16.5 million, and $6.3 million in net tax benefits from tax settlements received in fiscal 2019, 2018, 2017, 2016, and 2015, respectively. Fiscal 2018 additionally includes a $57.8 million net benefit from tax reform and tax restructuring. Fiscal 2017 additionally includes a $166.2 million expense from our repatriation of foreign earnings. See Note 11 of Notes to Consolidated Financial Statements.

(2)

Includes $10.9 million, $14.7 million, $7.1 million, $16.5 million, and $6.3 million in net tax benefits from tax settlements received in fiscal 2019, 2018, 2017, 2016, and 2015, respectively. Fiscal 2018 additionally includes a $57.8 million net benefit from tax reform and tax restructuring. Fiscal 2017 additionally includes a $166.2 million expense from our repatriation of foreign earnings. See Note 11 of Notes to Consolidated Financial Statements.


(3)	Includes reclassifications of deferred tax assets and liabilities for fiscal year 2015 related to ASU 2015-17 “Income Taxes (Topic 740): Balance Sheet Classification of Deferred Taxes.” See Note 11 of Notes to Consolidated Financial Statements.

Table of Contents

Previous: Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities · Next: Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations