The following table sets forth selected consolidated financial data for the five years ended December 31, 2019. This selected consolidated financial data should be read in conjunction with “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and the consolidated financial statements and the notes thereto included in this Report.
Year EndedDecember 31,
(in millions, except per share data)
2019 (a) (b)
2018 (b)
2017 (c)
2016 (c)
2015
Results of Operations Data:
Revenue
$
5,249
$
5,207
$
4,707
$
3,771
$
3,653
Gross profit
2,046
2,026
1,847
1,462
1,407
Gross margin
39.0
%
38.9
%
39.2
%
38.8
%
38.5
%
Operating income
486
654
552
408
454
Operating margin
9.3
%
12.6
%
11.7
%
10.8
%
12.4
%
Net income attributable to Xylem
401
549
331
260
340
Per Share Data:
Earnings per share:
Basic
$
2.23
$
3.05
$
1.84
$
1.45
$
1.88
Diluted
2.21
3.03
1.83
1.45
1.87
Basic shares outstanding
180.0
179.8
179.6
179.1
180.9
Diluted shares outstanding
181.2
181.1
180.9
180.0
181.7
Cash dividends per share
$
0.96
$
0.84
$
0.72
$
0.62
$
0.56
Balance Sheet Data (at period end):
Cash and cash equivalents
$
724
$
296
$
414
$
308
$
680
Working capital*
919
988
873
878
810
Total assets
7,710
7,222
6,860
6,474
4,657
Total debt
2,316
2,308
2,200
2,368
1,274
*
The Company calculates Working capital as follows: net accounts receivable + inventories - accounts payable - customer advances.
(a)
The amounts shown for the year ended December 31, 2019 include a goodwill impairment charge of $148 million related to the AIA goodwill reporting unit. Refer to Note 12 to the Consolidated Financial Statements for further information regarding goodwill.
(b)
The amounts shown for the years ended December 31, 2019 and December 31, 2018 reflect the acquisitions of both Pure Technologies Ltd. and Sensus. Refer to Note 3 to the Consolidated Financial Statements for further information regarding acquisitions.
(c)
The amounts shown for the years ended December 31, 2017 and December 31, 2016 reflect the the acquisition of Sensus.
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