filings.toolsItem 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.”
| 2018 | 2017 | 2016 | 2015 | 2014 | |||||||||||||
| As of and for the years ended December 31 | |||||||||||||||||
| in millions, except per share data | |||||||||||||||||
| Total revenues | $ | 4,382.9 | $ | 3,890.3 | $ | 3,592.7 | $ | 3,422.2 | $ | 2,994.2 | |||||||
| Gross profit 1 | $ | 1,100.9 | $ | 993.5 | $ | 988.9 | $ | 857.5 | $ | 587.6 | |||||||
| Gross profit margin | 25.1% | 25.5% | 27.5% | 25.1% | 19.6% | ||||||||||||
| Earnings from continuing operations 2 | $ | 517.8 | $ | 593.4 | $ | 422.4 | $ | 232.9 | $ | 207.1 | |||||||
| Earnings (loss) on discontinued operations, | |||||||||||||||||
| net of tax 3 | $ | (2.0) | $ | 7.8 | $ | (2.9) | $ | (11.7) | $ | (2.2) | |||||||
| Net earnings | $ | 515.8 | $ | 601.2 | $ | 419.5 | $ | 221.2 | $ | 204.9 | |||||||
| Basic earnings (loss) per share | |||||||||||||||||
| Continuing operations | $ | 3.91 | $ | 4.48 | $ | 3.17 | $ | 1.75 | $ | 1.58 | |||||||
| Discontinued operations | (0.01) | 0.06 | (0.02) | (0.09) | (0.02) | ||||||||||||
| Basic net earnings (loss) per share | $ | 3.90 | $ | 4.54 | $ | 3.15 | $ | 1.66 | $ | 1.56 | |||||||
| Diluted earnings (loss) per share | |||||||||||||||||
| Continuing operations | $ | 3.87 | $ | 4.40 | $ | 3.11 | $ | 1.72 | $ | 1.56 | |||||||
| Discontinued operations | (0.02) | 0.06 | (0.02) | (0.08) | (0.02) | ||||||||||||
| Diluted net earnings (loss) per share | $ | 3.85 | $ | 4.46 | $ | 3.09 | $ | 1.64 | $ | 1.54 | |||||||
| Cash and cash equivalents | $ | 40.0 | $ | 141.6 | $ | 259.0 | $ | 284.1 | $ | 141.3 | |||||||
| Total assets | $ | 9,832.1 | $ | 9,504.9 | $ | 8,471.5 | $ | 8,301.6 | $ | 8,041.1 | |||||||
| Working capital | $ | 476.6 | $ | 737.2 | $ | 764.9 | $ | 731.1 | $ | 468.6 | |||||||
| Current maturities and short-term debt | $ | 133.0 | $ | 41.4 | $ | 0.1 | $ | 0.1 | $ | 150.1 | |||||||
| Long-term debt | $ | 2,779.4 | $ | 2,813.5 | $ | 1,982.8 | $ | 1,980.3 | $ | 1,834.6 | |||||||
| Equity | $ | 5,202.9 | $ | 4,968.9 | $ | 4,572.5 | $ | 4,454.2 | $ | 4,176.7 | |||||||
| Cash dividends declared per share | $ | 1.12 | $ | 1.00 | $ | 0.80 | $ | 0.40 | $ | 0.22 |
| 1 | As a result of our first quarter 2018 adoption of ASU 2017-07 (see Note 1 “Summary of Significant Accounting Policies” in Item 8 “Financial Statements and Supplementary Data” under the caption New Accounting Standards), gross profit was reduced by $7.0 million and $11.9 million for the years ended December 31, 2017 and 2016, respectively. We have not revised years prior to 2016 as the impact is deemed as immaterial. |
| 2 | Earnings from continuing operations for 2017 include pretax interest charges of $153.1 million referable to debt purchases and $297.0 million of discrete net tax benefits. Earnings from continuing operations for 2014 include a pretax gain of $211.4 million referable to the sale of our Florida cement and concrete businesses. |
| 3 | Discontinued operations include the results attributable to our former Chemicals business. |
| Part II | 28 |
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