filings.toolsItem 6. SELECTED FINANCIAL DATA
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Item 6. SELECTED FINANCIAL DATA
The following table sets forth selected financial data as of and for the last five fiscal years. The information set forth below is not necessarily indicative of results of future operations, and should be read in conjunction with Item 7, “Management’s Discussion and Analysis of Financial Condition and Results of Operations,” and our Notes to Consolidated Financial Statements in Item 15 of this Form 10-K, to fully understand factors that may affect the comparability of the information presented below.
Selected Consolidated Statements of Comprehensive Income Data: (in millions, except per share data)
| Year Ended December 31, | |||||||||||||||||||
| 2017 | 2016 | 2015 | 2014 | 2013 (1) | |||||||||||||||
| Revenues | $ | 1,165 | $ | 1,142 | $ | 1,059 | $ | 1,010 | $ | 965 | |||||||||
| Operating income | $ | 708 | $ | 687 | $ | 606 | $ | 564 | $ | 528 | |||||||||
| Income from continuing operations | $ | 457 | $ | 441 | $ | 375 | $ | 355 | $ | 544 | |||||||||
| Income from continuing operations per share: | |||||||||||||||||||
| Basic | $ | 4.56 | $ | 4.12 | $ | 3.29 | $ | 2.80 | $ | 3.77 | |||||||||
| Diluted | $ | 3.68 | $ | 3.42 | $ | 2.82 | $ | 2.52 | $ | 3.49 |
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| (1) | Income from continuing operations for 2013 includes a $375.3 million income tax benefit related to a worthless stock deduction, net of valuation allowances, and accrual for uncertain tax positions, partially offset by $167.1 million of income tax expense related to the repatriation of cash held by foreign subsidiaries. |
Consolidated Balance Sheet Data: (in millions)
| As of December 31, | |||||||||||||||||||
| 2017 | 2016 | 2015 | 2014 | 2013 | |||||||||||||||
| Cash, cash equivalents and marketable securities (1) | $ | 2,415 | $ | 1,798 | $ | 1,915 | $ | 1,425 | $ | 1,723 | |||||||||
| Total assets (1) | $ | 2,941 | $ | 2,335 | $ | 2,358 | $ | 1,901 | $ | 2,249 | |||||||||
| Deferred revenues | $ | 999 | $ | 976 | $ | 961 | $ | 890 | $ | 856 | |||||||||
| Subordinated Convertible Debentures, including contingent interest derivative | $ | 628 | $ | 630 | $ | 634 | $ | 621 | $ | 613 | |||||||||
| Long-term debt (1) | $ | 1,783 | $ | 1,237 | $ | 1,235 | $ | 740 | $ | 739 |
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| (1) | The increase in Long-term debt from 2016 to 2017 was due to the issuance of $550.0 million aggregate principal amount of 4.75% senior unsecured notes due 2027. The increase in Long-term debt from 2014 to 2015 was due to the issuance of $500.0 million aggregate principal amount of 5.25% senior unsecured notes due 2025. The proceeds from these senior notes issuances resulted in the increase in cash, cash equivalents and marketable securities as well as total assets in the same periods. |
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