filings.toolsItem 6. Selected Financial Data.
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Item 6. Selected Financial Data.
| 2013 | 2014 | 2015 | 2016 | 2017 | |||||||||||||||
| (in millions, except per-share data) | |||||||||||||||||||
| Net revenues | $ | 3,484 | $ | 3,982 | $ | 4,201 | $ | 4,223 | $ | 4,793 | |||||||||
| Net operating income(1) | $ | 1,637 | $ | 1,891 | $ | 1,899 | $ | 1,733 | $ | 2,109 | |||||||||
| Net income(1) | $ | 1,048 | $ | 1,230 | $ | 1,223 | $ | 1,254 | $ | 1,581 | |||||||||
| Net income attributable to redeemable non-controlling interests(2) | $ | — | $ | — | $ | — | $ | 39 | $ | 83 | |||||||||
| Net income attributable to T. Rowe Price Group(1) | $ | 1,048 | $ | 1,230 | $ | 1,223 | $ | 1,215 | $ | 1,498 | |||||||||
| Adjusted net income attributable to T. Rowe Price Group(3) | $ | 1,009 | $ | 1,161 | $ | 1,160 | $ | 1,149 | $ | 1,361 | |||||||||
| Per common share information | |||||||||||||||||||
| Basic earnings | $ | 4.02 | $ | 4.68 | $ | 4.74 | $ | 4.85 | $ | 6.07 | |||||||||
| Diluted earnings | $ | 3.90 | $ | 4.55 | $ | 4.63 | $ | 4.75 | $ | 5.97 | |||||||||
| Adjusted diluted earnings(3) | $ | 3.76 | $ | 4.29 | $ | 4.39 | $ | 4.49 | $ | 5.43 | |||||||||
| Cash dividends declared(4) | $ | 1.52 | $ | 1.76 | $ | 4.08 | $ | 2.16 | $ | 2.28 | |||||||||
| Weighted-average common shares outstanding | 258.3 | 259.6 | 254.6 | 245.5 | 241.2 | ||||||||||||||
| Weighted-average common shares outstanding assuming dilution | 266.3 | 267.4 | 260.9 | 250.3 | 245.1 |
(1) Net operating income reflects a non-recurring net charge of $66.2 million in 2016 and an insurance recovery of $50.0 million in 2017 related to the Dell appraisal rights matter. Net income and net income attributable to T. Rowe Price Group reflect the after-tax impact of these items.
(2) Net income attributable to redeemable non-controlling interests represents the portion of net income of our consolidated T. Rowe Price investment products we recognized in our consolidated statements of income that is attributable to the interests held by third-party investors.
(3) These items represent non-GAAP financial measures that have been established in order to increase transparency for the purpose of evaluating our core business, for comparing current results with prior period results, and to enable more appropriate comparison with industry peers. See Item 7, Management's Discussion and Analysis of Financial Condition and Results of Operations for the definitions of these measures and the related reconciliation from U.S. GAAP.
(4) Cash dividends declared in 2015 includes a special dividend of $2.00 per share that we paid during the year.
| December 31, | |||||||||||||||||||
| 2013 | 2014 | 2015 | 2016 | 2017 | |||||||||||||||
| Balance sheet data (in millions) | |||||||||||||||||||
| Total assets | $ | 5,033 | $ | 5,644 | $ | 5,107 | $ | 6,225 | $ | 7,535 | |||||||||
| Redeemable non-controlling interests | $ | — | $ | — | $ | — | $ | 687 | $ | 993 | |||||||||
| Stockholders’ equity | $ | 4,818 | $ | 5,395 | $ | 4,762 | $ | 5,009 | $ | 5,824 | |||||||||
| Assets under management (in billions) | $ | 692.4 | $ | 746.8 | $ | 763.1 | $ | 810.8 | $ | 991.1 |
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