Item 6. SELECTED FINANCIAL DATA

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Item 6. SELECTED FINANCIAL DATA

SELECTED FINANCIAL DATA

The selected earnings data, per share data and balance sheet data for each of the five most recent years ended December 31 set forth below have been derived from our audited consolidated financial statements. The following data should be read in conjunction with our consolidated financial statements and notes to consolidated financial statements in Item 8 "Financial Statements and Supplementary Data."



		2015		2014		2013		2012		2011
As of and for the years ended December 31
in millions, except per share data
Total revenues	$	3,422.2	$	2,994.2	$	2,770.7	$	2,567.3	$	2,564.6
Gross profit	$	857.5	$	587.6	$	426.9	$	334.0	$	283.9
Gross profit margin		25.1%		19.6%		15.4%		13.0%		11.1%
Earnings (loss) from continuing operations 1	$	232.9	$	207.1	$	20.8	$	(53.9)	$	(75.3)
Earnings (loss) on discontinued operations,
net of tax 2	$	(11.7)	$	(2.2)	$	3.6	$	1.3	$	4.5
Net earnings (loss)	$	221.2	$	204.9	$	24.4	$	(52.6)	$	(70.8)
Basic earnings (loss) per share
Continuing operations	$	1.75	$	1.58	$	0.16	$	(0.42)	$	(0.58)
Discontinued operations		(0.09)		(0.02)		0.03		0.01		0.03
Basic net earnings (loss) per share	$	1.66	$	1.56	$	0.19	$	(0.41)	$	(0.55)
Diluted earnings (loss) per share
Continuing operations	$	1.72	$	1.56	$	0.16	$	(0.42)	$	(0.58)
Discontinued operations		(0.08)		(0.02)		0.03		0.01		0.03
Diluted net earnings (loss) per share	$	1.64	$	1.54	$	0.19	$	(0.41)	$	(0.55)
Cash and cash equivalents	$	284.1	$	141.3	$	193.7	$	275.5	$	155.8
Total assets 3	$	8,301.6	$	8,041.1	$	8,233.1	$	8,095.4	$	8,193.1
Working capital	$	731.1	$	468.6	$	652.4	$	548.6	$	456.8
Current maturities and short-term debt	$	0.1	$	150.1	$	0.2	$	150.6	$	134.8
Long-term debt 3	$	1,980.3	$	1,834.6	$	2,496.2	$	2,495.2	$	2,644.5
Equity	$	4,454.2	$	4,176.7	$	3,938.1	$	3,761.1	$	3,791.6
Cash dividends declared per share	$	0.40	$	0.22	$	0.04	$	0.04	$	0.76


1	Earnings from continuing operations for 2014 include a pretax gain of $211.4 million (net of $16.5 million of disposition related charges) referable to the sale of our cement and concrete businesses in the Florida area as described in Note 19 “Acquisitions and Divestitures” in Item 8 “Financial Statements and Supplementary Data.”
2	Discontinued operations include the results attributable to our former Chemicals business.
3	The long-term debt balances prior to December 31, 2015 were adjusted to reflect our adoption of ASU 2015-03 and related election as described in Note 1 “Summary of Significant Accounting Policies” in Item 8 “Financial Statements and Supplementary Data” under the caption New Accounting Standards. Debt issuance costs (December 31, 2014 — $20.8 million, December 31, 2013 — $26.0 million, December 31, 2012 — $31.2 million and December 31, 2011 — $36.2 million) previously reported as other noncurrent assets were reclassified as a deduction from long-term debt.



Part II	27

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