JABIL INC 10-K

Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities Market Information and Dividends Our common stock trades on the New York Stock Exchange under the symbol “JBL.” See discussion of our cash dividends declared to common shareholders in Note 12 - “Stockholders’ Equity” to the Consolidated Financial Statements. We expect to continue to declare and pay quarterly dividends of an amount similar to our past declarations. However, the declaration and payment of future dividends are discretionary and will be subject to determination by our Board of Directors each quarter following its review of our financial performance and global economic conditions. On October 14, 2020 , the closing sales price for our common stock as reported on the New York Stock Exchange was $35.63 . As of October 14, 2020 , there were 1,266 holders of record of our common stock. A substantially greater number of holders of our common stock are “street name” or beneficial holders, whose shares are held of record by banks, brokers, and other financial institutions. Information regarding equity compensation plans is incorporated by reference to the information set forth in Item 12 of Part III of this report. Stock Performance Graph The performance graph and table show a comparison of cumulative total stockholder return, assuming the reinvestment of dividends, from a $100 investment in the common stock of Jabil over the five-year period ending August 31, 2020 , with the cumulative stockholder return of the (1) S&P MidCap 400 Index and (2) peer group which includes Celestica Inc., Catcher Technology Co., Ltd, Flex Ltd., Hon-Hai Precision Industry Co. Ltd, Plexus Corp., and Sanmina Corp. August 31 2015 2016 2017 2018 2019 2020 Jabil Inc. $ 100 $ 111 $ 167 $ 159 $ 157 $ 188 S&P MidCap 400 Index – Total Returns 100 112 126 151 142 148 Peer Group 100 104 165 125 94 107 Issuer Purchases of Equity Securities 24 Table of Contents The following table provides information relating to our repurchase of common stock during the three months ended August 31, 2020 : Period Total Number of Shares Purchased (1) Average Price Paid per Share Total Number of Shares Purchased as Part of Publicly Announced Program (2) Approximate Dollar Value of Shares that May Yet Be Purchased Under the Program (in thousands) (2) June 1, 2020 - June 30, 2020 80,750 $ 31.52 80,750 $ 408,525 July 1, 2020 - July 31, 2020 457,212 $ 32.23 455,893 $ 393,829 August 1, 2020 - August 31, 2020 223,628 $ 34.67 223,628 $ 386,076 Total 761,590 $ 32.87 760,271 (1) The purchases include amounts that are attributable to 1,319 shares surrendered to us by employees to satisfy, in connection with the vesting of restricted stock units and the exercise of stock options and stock appreciation rights, their tax withholding obligations. (2) In September 2019, our Board of Directors authorized the repurchase of up to $600.0 million of our common stock as publicly announced in a press release on September 24, 2019 (the “2020 Share Repurchase Program”). 25 Table of Contents Item 6. Selected Financial Data The following selected data is derived from our Consolidated Financial Statements. This data should be read in conjunction with the Consolidated Financial Statements and notes thereto incorporated into Item 8, “Financial Statements and Supplementary Data” and with Item 7, “Management’s Discussion and Analysis of Financial Condition and Results of Operations.” Fiscal Year Ended August 31, 2020 2019 2018 2017 2016 (in thousands, except for per share data) Consolidated Statement of Operations Data: Net revenue $ 27,266,438 $ 25,282,320 $ 22,095,416 $ 19,063,121 $ 18,353,086 Operating income 499,846 701,356 542,153 410,230 522,833 Income before income tax 260,738 450,704 373,401 256,233 387,045 Net income 56,779 289,474 87,541 127,167 254,896 Net income attributable to Jabil Inc. $ 53,912 $ 287,111 $ 86,330 $ 129,090 $ 254,095 Earnings per share attributable to the stockholders of Jabil Inc.: Basic $ 0.36 $ 1.85 $ 0.50 $ 0.71 $ 1.33 Diluted $ 0.35 $ 1.81 $ 0.49 $ 0.69 $ 1.32 Fiscal Year Ended August 31, 2020 2019 2018 2017 2016 (in thousands) Consolidated Balance Sheets Data: Working capital (1) $ 75,402 $ (187,020 ) $ 319,050 $ (243,910 ) $ 280,325 Total assets $ 14,397,416 $ 12,970,475 $ 12,045,641 $ 11,095,995 $ 10,322,677 Current installments of notes payable and long-term debt $ 50,194 $ 375,181 $ 25,197 $ 444,255 $ 44,689 Notes payable and long-term debt, less current installments $ 2,678,288 $ 2,121,284 $ 2,493,502 $ 1,606,017 $ 2,046,655 Total Jabil Inc. stockholders’ equity $ 1,811,384 $ 1,887,443 $ 1,950,257 $ 2,353,514 $ 2,438,171 Common stock shares outstanding 150,330 153,520 164,588 177,728 186,998 Fiscal Year Ended August 31, 2020 2019 2018 2017 2016 (in thousands) Consolidated Cash Flow Data: Investing activities: Acquisition of property, plant and equipment $ (983,035 ) $ (1,005,480 ) $ (1,036,651 ) $ (716,485 ) $ (924,239 ) Proceeds and advances from sale of property, plant and equipment $ 186,655 $ 218,708 $ 350,291 $ 175,000 $ 26,031 Financing activities: Payments to acquire treasury stock $ (214,510 ) $ (350,323 ) $ (450,319 ) $ (306,640 ) $ (148,340 ) (1) Working capital is defined as current assets minus current liabilities. 26 Table of Contents