filings.toolsItem 6. SELECTED FINANCIAL DATA
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Item 6. SELECTED FINANCIAL DATA
The table below summarizes selected financial information for the five years ended December 31, 2018. For further information, refer to our consolidated financial statements and notes thereto presented under Part II—Item 8 Financial Statements and Supplementary Data. Net income attributable to MCBC and the related net income per basic and diluted share amounts for 2017 and 2016 have been restated due to the correction of errors related to income tax accounting. See details at Part II—Item 8 Financial Statements and Supplementary Data, Note 1, "Basis of Presentation and Accounting Policies."
| 2018 | 2017 | 2016(1) | 2015 | 2014 | |||||||||||||||
| As Restated | As Restated | ||||||||||||||||||
| (In millions, except per share data) | |||||||||||||||||||
| Consolidated Statements of Operations: | |||||||||||||||||||
| Net sales | $ | 10,769.6 | $ | 11,002.8 | $ | 4,885.0 | $ | 3,567.5 | $ | 4,146.3 | |||||||||
| Net income attributable to MCBC(2) | $ | 1,116.5 | $ | 1,565.6 | $ | 1,593.9 | $ | 395.2 | $ | 538.6 | |||||||||
| Net income attributable to MCBC per share(2): | |||||||||||||||||||
| Basic | $ | 5.17 | $ | 7.27 | $ | 7.52 | $ | 2.13 | $ | 2.91 | |||||||||
| Diluted | $ | 5.15 | $ | 7.23 | $ | 7.47 | $ | 2.12 | $ | 2.89 | |||||||||
| Consolidated Balance Sheets: | |||||||||||||||||||
| Total assets | $ | 30,109.8 | $ | 30,246.9 | $ | 29,341.5 | $ | 12,276.3 | $ | 13,980.1 | |||||||||
| Current portion of long-term debt and short-term borrowings | $ | 1,594.5 | $ | 714.8 | $ | 684.8 | $ | 28.7 | $ | 849.0 | |||||||||
| Long-term debt | $ | 8,893.8 | $ | 10,598.7 | $ | 11,387.7 | $ | 2,908.7 | $ | 2,321.3 | |||||||||
| Other information: | |||||||||||||||||||
| Dividends per share of common stock | $ | 1.64 | $ | 1.64 | $ | 1.64 | $ | 1.64 | $ | 1.48 |
| (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 was reported as equity income in MillerCoors in the consolidated statements of operations and our 42% share of MillerCoors' net assets was reported as Investment in MillerCoors in the consolidated balance sheets. Also included in net income 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 of the Acquisition. |
| (2) | Includes the impact of the reduction to the U.S. federal income tax rate as a result of U.S. tax reform in 2017. Additionally, during the first quarter of 2018 we recorded a gain within special items, net of $328.0 million which constitutes the Adjustment Amount related to the settlement agreement between MCBC and ABI as previously discussed. |
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