filings.toolsItem 6. SELECTED FINANCIAL DATA.
5K characters. Original on sec.gov · Markdown
Item 6. SELECTED FINANCIAL DATA.
The information set forth below for the five years ended October 2, 2020, is not necessarily indicative of results of future operations, and should be read in conjunction with Part II, Item 7, Management’s Discussion and Analysis of Financial Condition and Results of Operations, and our consolidated financial statements and related notes included in Part II, Item 8 of this Annual Report on Form 10-K to fully understand factors that may affect the comparability of the information presented below. Our fiscal year ends on the Friday closest to September 30. Fiscal 2020 consisted of 53 weeks and ended on October 2, 2020. Fiscal 2019, 2018, 2017, and 2016 each consisted of 52 weeks and ended on September 27, 2019, September 28, 2018, September 29, 2017, and September 30, 2016, respectively.
The following table represents the selected financial data (in millions, except per share data):
| Fiscal Years Ended | |||||||||||||||||||||||||||||
| Statement of Operations Data: | October 2, 2020 (1) | September 27, 2019 (1) | September 28, 2018 (2) | September 29, 2017 | September 30, 2016 (3) | ||||||||||||||||||||||||
| Net revenue | $ | 3,355.7 | $ | 3,376.8 | $ | 3,868.0 | $ | 3,651.4 | $ | 3,289.0 | |||||||||||||||||||
| Operating income | $ | 891.8 | $ | 952.0 | $ | 1,319.3 | $ | 1,253.8 | $ | 1,118.7 | |||||||||||||||||||
| Operating margin | 26.6 | % | 28.2 | % | 34.1 | % | 34.3 | % | 34.0 | % | |||||||||||||||||||
| Net income | $ | 814.8 | $ | 853.6 | $ | 918.4 | $ | 1,010.2 | $ | 995.2 | |||||||||||||||||||
| Earnings per share: | |||||||||||||||||||||||||||||
| Basic | $ | 4.84 | $ | 4.92 | $ | 5.06 | $ | 5.48 | $ | 5.27 | |||||||||||||||||||
| Diluted | $ | 4.80 | $ | 4.89 | $ | 5.01 | $ | 5.41 | $ | 5.18 | |||||||||||||||||||
| Cash dividends declared per share | $ | 1.82 | $ | 1.58 | $ | 1.34 | $ | 1.16 | $ | 1.06 | |||||||||||||||||||
| As of | |||||||||||||||||||||||||||||
| Balance Sheet Data: | October 2, 2020 | September 27, 2019 | September 28, 2018 | September 29, 2017 | September 30, 2016 | ||||||||||||||||||||||||
| Working capital | $ | 1,869.2 | $ | 1,860.6 | $ | 1,872.5 | $ | 2,245.8 | $ | 1,791.9 | |||||||||||||||||||
| Property, plant, and equipment, net | $ | 1,249.5 | $ | 1,205.6 | $ | 1,140.9 | $ | 882.3 | $ | 806.3 | |||||||||||||||||||
| Total assets | $ | 5,106.7 | $ | 4,839.6 | $ | 4,828.9 | $ | 4,573.6 | $ | 3,855.4 | |||||||||||||||||||
| Stockholders’ equity | $ | 4,164.2 | $ | 4,122.3 | $ | 4,097.0 | $ | 4,065.7 | $ | 3,541.4 |
(1) Fiscal 2020 and fiscal 2019 net revenue, net income, and earnings per share were adversely impacted as a result of the U.S. Bureau of Industry and Security of the U.S. Department of Commerce placing Huawei on the Entity List in May 2019.
(2) Fiscal 2018 net income and earnings per share include a one-time charge of $224.6 million related to the mandatory deemed repatriation tax on foreign earnings and a one-time charge of $18.3 million related to the revaluation of deferred tax assets and liabilities at the new corporate tax rate, as a result of the Tax Reform Act.
(3) Fiscal 2016 net income and earnings per share include other income of $88.5 million related to the receipt of a merger termination fee in November 2015 in connection with the termination by PMC-Sierra, Inc. (“PMC”), of the Amended and Restated Agreement and Plan of Merger that we had entered into with PMC in October 2015.
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.