Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Income

v3.19.1
Consolidated Statements of Income - USD ($)
shares in Thousands
3 Months Ended 12 Months Ended
Mar. 31, 2018
Mar. 30, 2019
Dec. 30, 2017
Dec. 31, 2016
Income Statement [Abstract]        
Net revenues $ 3,045,446,000 $ 13,848,660,000 $ 11,811,177,000 $ 11,026,147,000
Costs and operating expenses        
Cost of goods sold 1,506,335,000 6,827,481,000 5,844,941,000 5,589,923,000
Selling, general and administrative expenses 1,229,046,000 5,345,339,000 4,453,207,000 3,901,122,000
Impairment of goodwill and intangible assets 0 0 0 79,644,000
Total costs and operating expenses 2,735,381,000 12,172,820,000 10,298,148,000 9,570,689,000
Operating income 310,065,000 1,675,840,000 1,513,029,000 1,455,458,000
Interest income 3,228,000 22,643,000 16,095,000 9,176,000
Interest expense (24,393,000) (108,068,000) (101,975,000) (94,722,000)
Other income (expense), net 5,233,000 (63,011,000) (10,654,000) (85,196,000)
Income from continuing operations before income taxes 294,133,000 1,527,404,000 1,416,495,000 1,284,716,000
Income taxes 32,969,000 268,400,000 695,286,000 205,862,000
Income from continuing operations 261,164,000 1,259,004,000 721,209,000 1,078,854,000
Income (loss) from discontinued operations, net of tax (8,371,000) 788,000 (106,286,000) (4,748,000)
Net income [1] $ 252,793,000 $ 1,259,792,000 $ 614,923,000 $ 1,074,106,000
Earnings (loss) per common share - basic        
Earnings per common share - basic, continuing operations (in USD per share) $ 0.66 $ 3.19 $ 1.81 $ 2.59
Earnings per common share - basic, discontinued operations (in USD per share) (0.02) 0.00 (0.27) (0.01)
Total earnings per common share - basic (in USD per share) 0.64 3.19 1.54 2.58
Earnings (loss) per common share - diluted        
Earnings per common share - diluted, continuing operations (in USD per share) 0.65 3.14 1.79 2.56
Earnings per common share - diluted, discontinued operations (in USD per share) (0.02) 0.00 (0.26) (0.01)
Total earnings per common share - diluted (in USD per share) $ 0.63 $ 3.15 $ 1.52 $ 2.54
Weighted average shares outstanding        
Basic (in shares) 395,253 395,189 399,223 416,103
Diluted (in shares) 401,276 400,496 403,559 422,081
[1] The cash flows related to discontinued operations have not been segregated, and remain included in the major classes of assets and liabilities. Accordingly, the Consolidated Statements of Cash Flows include the results of continuing and discontinued operations.