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Item 6. Selected Financial Data

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Item 6. Selected Financial Data

FIVE YEAR SUMMARY OF SELECTED CONSOLIDATED FINANCIAL DATA

(In millions, except shares and per share amounts)



		Year Ended December 31,
Consolidated Statements of Operations (1)		2019				2018				2017				2016				2015
Net sales		$	4,485			$	4,218			$	3,722			$	3,574			$	3,650
Gross profit		2,100				1,981				1,710				1,642				1,644
Net income (loss)		$	544			$	421			$	17			$	(137	)		$	(158	)

Basic earnings (loss) per share		$	10.08			$	7.86			$	0.33			$	(2.65	)		$	(3.10	)

Diluted earnings (loss) per share		$	9.97			$	7.76			$	0.32			$	(2.65	)		$	(3.10	)
Weighted average shares outstanding:
Basic		53,991,249				53,591,655				53,021,761				51,579,112				50,996,297
Diluted		54,594,417				54,299,812				53,688,832				51,579,112				50,996,297



		December 31,
Consolidated Balance Sheets (1)		2019 (2)				2018				2017				2016				2015
Cash and cash equivalents		$	30			$	44			$	62			$	156			$	192
Total Assets		4,711				4,339				4,275				4,632				5,040
Long-term liabilities		1,468				1,703				2,441				2,891				3,252
Total Stockholders’ Equity		1,839				1,335				834				792				893


(1)	Includes the Cortexica, Profitect, Temptime, and Xplore businesses, effective upon their respective dates of acquisition during 2019 and 2018. See Note 5, Business Acquisitions in the Notes to Consolidated Financial Statements for further details related to these acquisitions.


(2)	Reflects the Company’s adoption of Accounting Standards Codification (“ASC”) Topic 842, Leases (“ASC 842”). See Note 2, Significant Accounting Policies for additional information related to the Company’s adoption of ASC 842.

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