filings.toolsItem 6. Selected Financial Data
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Item 6. Selected Financial Data
The following Selected Financial Data should be read in conjunction with our Consolidated Financial Statements and related Notes, and Management's Discussion and Analysis of Financial Condition and Results of Operations included elsewhere in this Annual Report on Form 10-K. (in thousands, except per share data)
| Fiscal Year Ended March 31, | |||||||||||||||||||||||||||||||||||||||||||||||||||||
| STATEMENT OF OPERATIONS DATA: | 2020 | 2019 (1) | 2018 | 2017 | 2016 | ||||||||||||||||||||||||||||||||||||||||||||||||
| Net revenue | $ | 3,088,970 | $ | 2,668,394 | $ | 1,792,892 | $ | 1,779,748 | $ | 1,413,698 | |||||||||||||||||||||||||||||||||||||||||||
| Gross profit | 1,546,520 | 1,144,750 | 894,581 | 756,789 | 599,825 | ||||||||||||||||||||||||||||||||||||||||||||||||
| Net income (loss) | $ | 404,459 | $ | 333,837 | $ | 173,533 | $ | 67,303 | $ | (8,302) | |||||||||||||||||||||||||||||||||||||||||||
| Earnings per share: | |||||||||||||||||||||||||||||||||||||||||||||||||||||
| Basic: | |||||||||||||||||||||||||||||||||||||||||||||||||||||
| Earnings (loss) per share: | $ | 3.58 | $ | 2.95 | $ | 1.57 | $ | 0.73 | $ | (0.10) | |||||||||||||||||||||||||||||||||||||||||||
| Diluted: | |||||||||||||||||||||||||||||||||||||||||||||||||||||
| Earnings (loss) per share: | $ | 3.54 | $ | 2.90 | $ | 1.54 | $ | 0.72 | $ | (0.10) |
| As of March 31, | |||||||||||||||||||||||||||||||||||||||||||||||||||||
| BALANCE SHEET DATA: | 2020 | 2019 | 2018 | 2017 | 2016 | ||||||||||||||||||||||||||||||||||||||||||||||||
| Total assets | $ | 4,948,832 | $ | 4,243,065 | $ | 3,737,841 | $ | 3,149,154 | $ | 2,590,277 | |||||||||||||||||||||||||||||||||||||||||||
| Long-term debt | — | — | 8,068 | 251,929 | 497,935 |
(1) During fiscal 2019, we adopted Accounting Standards Update 2014-09, "Revenue from Contracts with Customers (Topic 606)," using a modified retrospective method. Therefore, prior periods were not restated.
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