| | Item 6. | Selected Financial Data |
The following table sets forth certain selected historic financial information for the periods and as of the dates presented and should be read in conjunction with our accompanying consolidated financial statements and the related notes thereto referenced in Item 8 of this report and with “Management’s Discussion and Analysis of Financial Condition and Results of Operations” included in Item 7 of this report. Certain prior year amounts have been reclassified or combined to conform to the current year presentation, including reclassifications to reflect the presentation of discontinued operations, assets and liabilities of business held for sale and business of discontinued operations, as well as the adoption of new accounting pronouncements. All amounts are in millions, except for per share amounts.
| | | | | | | | | | | | | | | | | | | | | | | | Year ended September 30, | | | 2016 | | 2015(1) | | 2014 (2) | | 2013(3) | | 2012 | Income Statement Data: | | | | | | | | | | | Revenues | | $ | 5,215.4 |
| | $ | 4,709.7 |
| | $ | 4,634.7 |
| | $ | 4,123.5 |
| | $ | 3,260.8 |
| Operating income (4) | | 628.0 |
| | 45.8 |
| | 427.4 |
| | 286.3 |
| | 248.3 |
| Interest expense (5) | | (397.1 | ) | | (401.6 | ) | | (298.8 | ) | | (504.7 | ) | | (250.4 | ) | Loss from the change in the fair value of the equity conversion feature of preferred stock | | — |
| | — |
| | (12.7 | ) | | (101.6 | ) | | (156.6 | ) | Net income (loss) from continuing operations | | 190.4 |
| | (290.9 | ) | | 14.4 |
| | (353.7 | ) | | (195.5 | ) | (Loss) income from discontinued operations, net of tax(6) | | (224.3 | ) | | (221.5 | ) | | 87.3 |
| | 284.7 |
| | 306.2 |
| Net (loss) income(7) | | (33.9 | ) | | (512.4 | ) | | 101.7 |
| | (69.0 | ) | | 110.7 |
| Net (loss) income attributable to controlling interest | | (198.8 | ) | | (556.8 | ) | | (10.3 | ) | | (45.8 | ) | | 89.5 |
| Preferred stock dividends, accretion and loss on conversion | | — |
| | — |
| | 73.6 |
| | 48.4 |
| | 59.6 |
| Net (loss) income attributable to common and participating preferred stockholders | | (198.8 | ) | | (556.8 | ) | | (83.9 | ) | | (94.2 | ) | | 29.9 |
| Gain on contingent purchase price reduction | | — |
| | 8.5 |
| | 0.5 |
| | — |
| | 41.0 |
| Per Share Data: | | | | | | | | | | | Net income (loss) per common share: | | | | | | | | | | | Basic income (loss) from continuing operations | | $ | 0.23 |
| | $ | (1.58 | ) | | $ | (0.97 | ) | | $ | (2.71 | ) | | $ | (1.98 | ) | Basic (loss) income from discontinued operations | | (1.23 | ) | | (1.23 | ) | | 0.46 |
| | 2.04 |
| | 2.19 |
| Basic | | $ | (1.00 | ) | | $ | (2.81 | ) | | $ | (0.51 | ) | | $ | (0.67 | ) | | $ | 0.21 |
| | | | | | | | | | | | Diluted income (loss) from continuing operations(8) | | $ | 0.22 |
| | $ | (1.58 | ) | | $ | (0.97 | ) | | $ | (2.71 | ) | | $ | (1.98 | ) | Diluted (loss) income from discontinued operations(8) | | (1.21 | ) | | (1.23 | ) | | 0.46 |
| | 2.04 |
| | 2.19 |
| Diluted | | $ | (0.99 | ) | | $ | (2.81 | ) | | $ | (0.51 | ) | | $ | (0.67 | ) | | $ | 0.21 |
| | | | | | | | | | | | Weighted average common shares outstanding: | | | | | | | | | | | Basic | | 198.4 |
| | 198.1 |
| | 162.9 |
| | 139.9 |
| | 139.4 |
| Diluted (8) | | 201.6 |
| | 198.1 |
| | 162.9 |
| | 139.9 |
| | 139.4 |
| Cash Flow and Related Data: | | | | | | | | | | | Net cash provided by continuing operating activities | | $ | 558.2 |
| | $ | 300.3 |
| | $ | 476.9 |
| | $ | 253.7 |
| | $ | 374.3 |
| Capital expenditures | | 95.4 |
| | 90.6 |
| | 75.5 |
| | 82.7 |
| | 47.3 |
| Depreciation and amortization | | 183.7 |
| | 171.0 |
| | 158.2 |
| | 140.3 |
| | 104.8 |
| Balance Sheet Data (at year end): | | | | | | | | | | | Cash and cash equivalents | | $ | 497.3 |
| | $ | 661.2 |
| | $ | 728.8 |
| | $ | 677.0 |
| | $ | 421.3 |
| Total assets | | 35,792.8 |
| | 35,031.5 |
| | 32,907.3 |
| | 30,884.3 |
| | 25,331.0 |
| Total debt | | 5,430.9 |
| | 5,984.6 |
| | 4,851.3 |
| | 4,561.1 |
| | 2,073.2 |
| Total shareholders’ equity | | 1,817.2 |
| | 1,588.1 |
| | 2,257.0 |
| | 1,133.5 |
| | 1,598.9 |
|
| | (1) | Fiscal 2015 operating results include the Armored AutoGroup business’ operations since the acquisition date of May 21, 2015, Salix Animal Health LLC (“Salix”) operations since the acquisition date of January 16, 2015; European IAMS and Eukanuba pet food business (“European IAMS and Eukanuba”) operations since the acquisition date of December 31, 2014; and Tell Manufacturing, Inc. (“Tell”) operations since the acquisition date of October 1, 2014. The Armored AutoGroup business contributed $160.5 million in revenues and recorded an operating profit of $21.8 million for the period from May 21, 2015 through September 30, 2015. Fiscal 2015 also includes $61.1 million of acquisition and integration-related charges, a portion of which was associated with the Armored AutoGroup business acquisition. |
| | (2) | Fiscal 2014 operating results include the Liquid Fence Company (“Liquid Fence”) operations since the acquisition date of January 2, 2014. |
|
