3.13 1.99 Financial History (mions, axbet per share data and financiratos) 2018 2017 2016 2015 Year Ended May 31, Revenues 36,397 $ 34.350 $ 32.375 $ 30.601 Gross profit 15.950 15,312 14,971 14,087 Gross margin 43.8% 44.6% 46.2% 45.0% Net income 1.933 4240 3,760 3.273 Earnings per common share: Basic 1.19 256 221 Diluted 1.17 2.51 2.16 1.85 Weighted average common shares outstanding 1.623.8 1,657.0 1.6970 1,723.5 Diluted weighted average common shares outstanding 1.6501 1,692.0 1,7425 1,7088 Cash dividends declared per common share 0.78 0.70 0.62 0.54 Cash flow from operational 4,955 3.28 3,399 4.006 Price range of common stock: High 73.49 60.33 58.19 52.75 Low 50.35 49.01 47.25 30.57 At May 31, Cash and equivalente 4,249 5 3,808 $ 3.138 Short-term investments 996 2.371 2.319 Inventories 2.072 5,261 5,055 4,830 4,337 Working capital 9.094 10,587 9,667 Total 22,536 23,259 21,379 Long-term debit 21,500 3.460 3.471 1.993 Capellase obligations 1,072 75 27 16 Redeemable preferred stock 5 0.3 0.3 0.3 Shareholders' equity 03 0.812 12,407 12.250 Year end stock price 12,707 71.80 Market capitalization 52.00 5622 50.14 114,083 87.084 92.867 Financial Ratios 87044 Return on quity 17.4% 34.4% Return on asset 30.1% 27.8% 8.4% 19.0% Inventory hans 17.6% 16.3% 40 3.8 38 Current ratio at May 31 40 25 2.0 Prion/Eamings rato at May 31 2.8 25 81.4 21.1 i) Prior year amounts have been updated to reflect the adoption of Accounting Standards Update No. 2016-02. Compensation - Stock Compensation (Top 7157: Improvements to Employee Share Bas 27.5 excess tax benefit from the based payment awards from Cash used by financing activities to cash provided by operations. Additional, the Company reclassified cash outflows of $29 million, 52 million and $13 million for the years ended May 31, 2017, 2016 2015 and 2014, respectively.lated to tax payments for the nel settlement of share-based payment awards, from Cash operations to Cash used by Mancing activities within the Consolidated Statement of Cash Flows Refer to Note 1 - Summary of Significant Accounting Policies for additional information 256 MacBook Pro 3.13 1.99 Financial History (mions, axbet per share data and financiratos) 2018 2017 2016 2015 Year Ended May 31, Revenues 36,397 $ 34.350 $ 32.375 $ 30.601 Gross profit 15.950 15,312 14,971 14,087 Gross margin 43.8% 44.6% 46.2% 45.0% Net income 1.933 4240 3,760 3.273 Earnings per common share: Basic 1.19 256 221 Diluted 1.17 2.51 2.16 1.85 Weighted average common shares outstanding 1.623.8 1,657.0 1.6970 1,723.5 Diluted weighted average common shares outstanding 1.6501 1,692.0 1,7425 1,7088 Cash dividends declared per common share 0.78 0.70 0.62 0.54 Cash flow from operational 4,955 3.28 3,399 4.006 Price range of common stock: High 73.49 60.33 58.19 52.75 Low 50.35 49.01 47.25 30.57 At May 31, Cash and equivalente 4,249 5 3,808 $ 3.138 Short-term investments 996 2.371 2.319 Inventories 2.072 5,261 5,055 4,830 4,337 Working capital 9.094 10,587 9,667 Total 22,536 23,259 21,379 Long-term debit 21,500 3.460 3.471 1.993 Capellase obligations 1,072 75 27 16 Redeemable preferred stock 5 0.3 0.3 0.3 Shareholders' equity 03 0.812 12,407 12.250 Year end stock price 12,707 71.80 Market capitalization 52.00 5622 50.14 114,083 87.084 92.867 Financial Ratios 87044 Return on quity 17.4% 34.4% Return on asset 30.1% 27.8% 8.4% 19.0% Inventory hans 17.6% 16.3% 40 3.8 38 Current ratio at May 31 40 25 2.0 Prion/Eamings rato at May 31 2.8 25 81.4 21.1 i) Prior year amounts have been updated to reflect the adoption of Accounting Standards Update No. 2016-02. Compensation - Stock Compensation (Top 7157: Improvements to Employee Share Bas 27.5 excess tax benefit from the based payment awards from Cash used by financing activities to cash provided by operations. Additional, the Company reclassified cash outflows of $29 million, 52 million and $13 million for the years ended May 31, 2017, 2016 2015 and 2014, respectively.lated to tax payments for the nel settlement of share-based payment awards, from Cash operations to Cash used by Mancing activities within the Consolidated Statement of Cash Flows Refer to Note 1 - Summary of Significant Accounting Policies for additional information 256 MacBook Pro