Item 6. SELECTED FINANCIAL DATA

3K characters. Original on sec.gov · Markdown

Item 6. SELECTED FINANCIAL DATA

The table below summarizes selected financial information for the five years ended December 31, 2016. For further information, refer to our consolidated financial statements and notes thereto presented under Part II—Item 8 Financial Statements and Supplementary Data.



	2016(1)		2015		2014		2013		2012
	(In millions, except per share data)
Consolidated Statements of Operations:
Net sales	$	4,885.0	$	3,567.5	$	4,146.3	$	4,206.1	$	3,916.5
Net income from continuing operations attributable to MCBC	$	1,978.7	$	355.6	$	513.5	$	565.3	$	441.5
Net income from continuing operations attributable to MCBC per share:
Basic	$	9.33	$	1.92	$	2.78	$	3.09	$	2.44
Diluted	$	9.27	$	1.91	$	2.76	$	3.07	$	2.43
Consolidated Balance Sheets:
Total assets	$	29,341.5	$	12,276.3	$	13,980.1	$	15,560.5	$	16,187.8
Current portion of long-term debt and short-term borrowings	$	684.8	$	28.7	$	849.0	$	586.9	$	1,244.8
Long-term debt	$	11,387.7	$	2,908.7	$	2,321.3	$	3,193.4	$	3,398.9
Other information:
Dividends per share of common stock	$	1.64	$	1.64	$	1.48	$	1.28	$	1.28


(1)	Includes MillerCoors' results of operations on a consolidated basis for the post-Acquisition period October 11, 2016, through December 31, 2016, as well as the assets acquired and related debt issued in connection with the Acquisition. Prior to October 11, 2016, MCBC’s 42% share of MillerCoors' results of operations were reported as equity income in MillerCoors in the consolidated statements of operations and our 42% share of MillerCoors' net assets were reported as Investment in MillerCoors in the consolidated balance sheets. Also included in net income from continuing operations attributable to MCBC is a net special items gain of approximately $3.0 billion related to the fair value remeasurement of our pre-existing 42% interest in MillerCoors over its carrying value, as well as the reclassification of the loss related to MCBC's historical AOCI on our 42% interest in MillerCoors. See Part II—Item 8 Financial Statements and Supplementary Data, Note 4, "Acquisition and Investments" of the Notes for further discussion.

(1)

Includes MillerCoors' results of operations on a consolidated basis for the post-Acquisition period October 11, 2016, through December 31, 2016, as well as the assets acquired and related debt issued in connection with the Acquisition. Prior to October 11, 2016, MCBC’s 42% share of MillerCoors' results of operations were reported as equity income in MillerCoors in the consolidated statements of operations and our 42% share of MillerCoors' net assets were reported as Investment in MillerCoors in the consolidated balance sheets. Also included in net income from continuing operations attributable to MCBC is a net special items gain of approximately $3.0 billion related to the fair value remeasurement of our pre-existing 42% interest in MillerCoors over its carrying value, as well as the reclassification of the loss related to MCBC's historical AOCI on our 42% interest in MillerCoors. See Part II—Item 8 Financial Statements and Supplementary Data, Note 4, "Acquisition and Investments" of the Notes for further discussion.

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