A Dark Vector Cognition product

Item 6. SELECTED FINANCIAL DATA

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Item 6. SELECTED FINANCIAL DATA

The following table shows selected consolidated financial information of the Company and has been derived from audited financial statements. This financial information should be read in conjunction with, and is qualified by reference to, “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and the Consolidated Financial Statements of the Company and the Notes thereto included elsewhere in this Form 10-K.

Year Ended December 31,
In thousands, except per share amounts20182017201620152014
Income Statement Data
Net sales$4,363,547$3,881,756$2,931,188$3,307,998$3,044,454
Gross profit1,233,8851,065,313924,2391,047,816935,982
Operating expenses(760,448)(644,234)(467,632)(438,962)(406,198)
Income from operations$473,437$421,079$456,607$608,854$529,784
Interest expense, net$(112,235)$(77,884)$(50,298)$(27,254)$(29,074)
Other income, net6,3808,8686,5283,7687,145
Net income attributable to Wabtec shareholders$294,944$262,261$304,887$398,628$351,680
Diluted Earnings per Common Share
Net income attributable to Wabtec shareholders$3.05$2.72$3.34$4.10$3.62
Cash dividends declared per share$0.48$0.44$0.36$0.28$0.20
Fully diluted shares outstanding96,46496,12591,14197,00696,885
Balance Sheet Data
Total assets$8,649,234$6,579,980$6,581,018$3,229,513$3,303,841
Cash, cash equivalents, and restricted cash2,342,354233,401398,484226,191425,849
Total debt3,856,8731,870,5281,892,776692,238521,195
Total equity2,869,0752,828,5322,976,8251,701,3391,808,298

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