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 millions, except per share amounts20192018201720162015
Income Statement Data
Net sales$8,200.0$4,363.5$3,881.7$2,931.2$3,308.0
Gross profit2,278.01,233.91,065.3924.21,047.8
Operating expenses(1,614.9)(760.5)(644.2)(467.6)(439.0)
Income from operations$663.1$473.4$421.1$456.6$608.8
Interest expense, net$(219.1)$(112.2)$(77.9)$(50.3)$(27.3)
Other income, net2.86.48.96.53.8
Net income attributable to Wabtec shareholders$326.7$294.9$262.3$304.9$398.6
Diluted Earnings per Common Share
Net income attributable to Wabtec shareholders$1.84$3.05$2.72$3.34$4.10
Cash dividends declared per share$0.48$0.48$0.44$0.36$0.28
Fully diluted shares outstanding177.396.596.191.197.0
Balance Sheet Data
Total assets$18,944.2$8,649.2$6,580.0$6,581.0$3,229.5
Cash, cash equivalents, and restricted cash604.22,342.3233.4398.5226.2
Total debt4,429.33,856.91,870.51,892.8692.2
Total equity9,993.62,869.12,828.62,976.81,701.3

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