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 8 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, | |||||||||||||||||||
| 2019 | 2018 | 2017 | 2016 | 2015 | |||||||||||||||
| Revenues | $ | 1,232 | $ | 1,215 | $ | 1,165 | $ | 1,142 | $ | 1,059 | |||||||||
| Operating income | $ | 806 | $ | 767 | $ | 708 | $ | 687 | $ | 606 | |||||||||
| Net income (1) | $ | 612 | $ | 582 | $ | 457 | $ | 441 | $ | 375 | |||||||||
| Earnings per share: | |||||||||||||||||||
| Basic | $ | 5.17 | $ | 5.13 | $ | 4.56 | $ | 4.12 | $ | 3.29 | |||||||||
| Diluted | $ | 5.15 | $ | 4.75 | $ | 3.68 | $ | 3.42 | $ | 2.82 |
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| (1) | Net income for 2018 includes a $52.0 million after-tax gain recognized in 2018 related to the sale of customer contracts of our security services business. |
Consolidated Balance Sheet Data: (in millions)
| As of December 31, | |||||||||||||||||||
| 2019 | 2018 | 2017 | 2016 | 2015 | |||||||||||||||
| Cash, cash equivalents and marketable securities (1) (2) | $ | 1,218 | $ | 1,270 | $ | 2,415 | $ | 1,798 | $ | 1,915 | |||||||||
| Total assets (1) (2) | $ | 1,854 | $ | 1,915 | $ | 2,941 | $ | 2,335 | $ | 2,358 | |||||||||
| Deferred revenues | $ | 1,034 | $ | 1,018 | $ | 999 | $ | 976 | $ | 961 | |||||||||
| Subordinated convertible debentures, including contingent interest derivative (2) | $ | — | $ | — | $ | 628 | $ | 630 | $ | 634 | |||||||||
| Long-term debt (1) | $ | 1,788 | $ | 1,785 | $ | 1,783 | $ | 1,237 | $ | 1,235 |
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| (1) | The increases in Cash, cash equivalents and marketable securities, Total assets and 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. |
| (2) | The decreases in Cash, cash equivalents and marketable securities, Total assets and Subordinated convertible debentures, including contingent interest derivative from 2017 to 2018 was due to the settlement of our subordinated convertible debentures in 2018. |
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