Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Income (Unaudited)

v3.10.0.1
Consolidated Statements of Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Dec. 29, 2018
Dec. 30, 2017
Dec. 29, 2018
Dec. 30, 2017
Income Statement [Abstract]        
Net revenues $ 3,940,159 $ 3,649,283 $ 10,635,691 $ 9,310,837
Costs and operating expenses        
Cost of goods sold 1,896,472 1,769,819 5,232,050 4,601,336
Selling, general and administrative expenses 1,451,782 1,394,845 3,922,185 3,489,679
Total costs and operating expenses 3,348,254 3,164,664 9,154,235 8,091,015
Operating income 591,905 484,619 1,481,456 1,219,822
Interest income 4,550 4,423 10,788 12,577
Interest expense (28,397) (26,971) (84,032) (78,269)
Other income (expense), net (1,774) (1,902) (56,495) (7,032)
Income from continuing operations before income taxes 566,284 460,169 1,351,717 1,147,098
Income taxes 103,158 533,148 221,517 639,165
Income (loss) from continuing operations 463,126 (72,979) 1,130,200 507,933
Income (loss) from discontinued operations, net of tax 383 (17,290) 788 (102,173)
Net income (loss) $ 463,509 $ (90,269) $ 1,130,988 [1] $ 405,760 [1]
Earnings (loss) per common share - basic        
Continuing operations (in USD per share) $ 1.17 $ (0.18) $ 2.86 $ 1.29
Discontinued operations (in USD per share) 0.00 (0.04) 0.00 (0.26)
Total earnings per common share - basic (in USD per share) 1.17 (0.23) 2.86 1.03
Earnings (loss) per common share - diluted        
Continuing operations (in USD per share) 1.16 (0.18) 2.82 1.27
Discontinued operations (in USD per share) 0.00 (0.04) 0.00 (0.26)
Total earnings per common share - diluted (in USD per share) $ 1.16 $ (0.23) $ 2.82 $ 1.02
Weighted average shares outstanding        
Basic (in shares) 395,294 394,577 395,117 394,967
Diluted (in shares) 399,767 400,378 400,418 399,425
[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.