filings.toolsItem 6. SELECTED FINANCIAL DATA
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Item 6. SELECTED FINANCIAL DATA
The following table sets forth selected consolidated financial data for the five years ended December 31, 2020. 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 Ended December 31, | |||||||||||||||||||||||||||||
| (in millions, except per share data) | 2020 (a) (b) | 2019 (a) (b) | 2018 (b) | 2017 | 2016 (c) | ||||||||||||||||||||||||
| Results of Operations Data: | |||||||||||||||||||||||||||||
| Revenue | $ | 4,876 | $ | 5,249 | $ | 5,207 | $ | 4,707 | $ | 3,771 | |||||||||||||||||||
| Gross profit | 1,830 | 2,046 | 2,026 | 1,847 | 1,462 | ||||||||||||||||||||||||
| Gross margin | 37.5 | % | 39.0 | % | 38.9 | % | 39.2 | % | 38.8 | % | |||||||||||||||||||
| Operating income | 367 | 486 | 654 | 552 | 408 | ||||||||||||||||||||||||
| Operating margin | 7.5 | % | 9.3 | % | 12.6 | % | 11.7 | % | 10.8 | % | |||||||||||||||||||
| Net income attributable to Xylem | 254 | 401 | 549 | 331 | 260 | ||||||||||||||||||||||||
| Per Share Data: | |||||||||||||||||||||||||||||
| Earnings per share: | |||||||||||||||||||||||||||||
| Basic | $ | 1.41 | $ | 2.23 | $ | 3.05 | $ | 1.84 | $ | 1.45 | |||||||||||||||||||
| Diluted | 1.40 | 2.21 | 3.03 | 1.83 | 1.45 | ||||||||||||||||||||||||
| Basic shares outstanding | 180.1 | 180.0 | 179.8 | 179.6 | 179.1 | ||||||||||||||||||||||||
| Diluted shares outstanding | 181.1 | 181.2 | 181.1 | 180.9 | 180.0 | ||||||||||||||||||||||||
| Cash dividends per share | $ | 1.04 | $ | 0.96 | $ | 0.84 | $ | 0.72 | $ | 0.62 | |||||||||||||||||||
| Balance Sheet Data (at period end): | |||||||||||||||||||||||||||||
| Cash and cash equivalents | $ | 1,875 | $ | 724 | $ | 296 | $ | 414 | $ | 308 | |||||||||||||||||||
| Working capital* | 857 | 919 | 988 | 873 | 878 | ||||||||||||||||||||||||
| Total assets | 8,750 | 7,710 | 7,222 | 6,860 | 6,474 | ||||||||||||||||||||||||
| Total debt | 3,084 | 2,316 | 2,308 | 2,200 | 2,368 |
- The Company calculates Working capital as follows: net accounts receivable + inventories - accounts payable - customer advances.
(a)The amounts shown for the years ended December 31, 2020 and December 31, 2019 include goodwill impairment charges of $58 million and $148 million, respectively, related to the Advanced Infrastructure Analytics ("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, 2020, December 31, 2019 and December 31, 2018 reflect the acquisition of Pure Technologies Ltd. Refer to Note 3 to the consolidated financial statements for further information regarding acquisitions.
(c)The amounts shown for the year ended December 31, 2016 don't reflect a full year of results for the acquisition of Sensus, which was acquired in October 2016.
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