TD Ameritrade 2018 Annual Report

26 Purchases of Equity Securities by the Issuer and Affiliated Purchasers ISSUER PURCHASES OF EQUITY SECURITIES Period Total Number of Shares Purchased Average Price Paid per Share Total Number of Shares Purchased as Part of Publicly Announced Program Maximum Number of Shares that May Yet Be Purchased Under the Program July 1, 2018 — July 31, 2018 . . . . . . . . . . . . . . . . . 6,710 $ 54.81 — 25,979,986 August 1, 2018 — August 31, 2018 . . . . . . . . . . . . 1,393,833 $ 57.55 1,392,199 24,587,787 September 1, 2018 — September 30, 2018. . . . . . . 3,199,234 $ 54.64 3,197,128 21,390,659 Total — Three months ended September 30, 2018 . 4,599,777 $ 55.52 4,589,327 21,390,659 On November 20, 2015, our board of directors authorized the repurchase of up to 30 million shares of our common stock. We disclosed this authorization on November 20, 2015 in our annual report on Form 10-K. This program was the only stock repurchase program in effect and no programs expired during the fourth quarter of fiscal 2018. During the quarter ended September 30, 2018, 10,450 shares were repurchased from employees for income tax withholding in connection with distributions of stock-based compensation. Item 6. Selected Financial Data Fiscal Year Ended September 30, 2018* 2017 2016 2015 2014 (In millions, except per share amounts) Consolidated Statements of Income Data: Net revenues. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 5,452 $ 3,676 $ 3,327 $ 3,247 $ 3,123 Operating income. . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,998 1,466 1,318 1,325 1,285 Net income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,473 872 842 813 787 Earnings per share — basic . . . . . . . . . . . . . . . . . . . . $ 2.60 $ 1.65 $ 1.59 $ 1.50 $ 1.43 Earnings per share — diluted. . . . . . . . . . . . . . . . . . . $ 2.59 $ 1.64 $ 1.58 $ 1.49 $ 1.42 Weighted average shares outstanding — basic . . . . . 567 529 531 543 550 Weighted average shares outstanding — diluted. . . . 569 531 534 547 554 Dividends declared per share . . . . . . . . . . . . . . . . . . . $ 0.84 $ 0.72 $ 0.68 $ 0.60 $ 0.98 As of September 30, 2018 2017* 2016 2015 2014 (In millions) Consolidated Balance Sheet Data: Cash and cash equivalents . . . . . . . . . . . . . . . . . . . . . $ 2,690 $ 1,472 $ 1,855 $ 1,978 $ 1,460 Investments available-for-sale, at fair value . . . . . . . 484 746 757 — — Total assets. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 37,520 38,627 28,818 26,375 23,829 Long-term debt and other borrowings . . . . . . . . . . . . 2,535 2,652 1,817 1,800 1,249 Stockholders' equity. . . . . . . . . . . . . . . . . . . . . . . . . . 8,003 7,247 5,051 4,903 4,748 * The growth in our Consolidated Balance Sheet as of September 30, 2017 and Statement of Income for the fiscal year ended 2018 was primarily due to our acquisition of Scottrade on September 18, 2017.