Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Income (Unaudited)

v3.19.3
Consolidated Statements of Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Sep. 28, 2019
Sep. 29, 2018
Sep. 28, 2019
Sep. 29, 2018
Income Statement [Abstract]        
Net revenues $ 3,393,268 $ 3,219,390 $ 5,664,747 $ 5,356,525
Costs and operating expenses        
Cost of goods sold 1,597,307 1,545,391 2,633,421 2,550,680
Selling, general and administrative expenses 1,216,896 1,129,013 2,318,969 2,147,760
Total costs and operating expenses 2,814,203 2,674,404 4,952,390 4,698,440
Operating income 579,065 544,986 712,357 658,085
Interest income 4,983 1,484 12,112 3,630
Interest expense (20,810) (28,305) (42,937) (55,304)
Other income (expense), net (1,813) (31,970) 3,785 (51,395)
Income from continuing operations before income taxes 561,425 486,195 685,317 555,016
Income tax expense (benefit) (87,576) 70,071 (60,933) 77,528
Income from continuing operations 649,001 416,124 746,250 477,488
Income (loss) from discontinued operations, net of tax 0 90,997 (48,028) 189,991
Net income $ 649,001 $ 507,121 $ 698,222 $ 667,479
Earnings (loss) per common share - basic        
Continuing operations (in USD per share) $ 1.63 $ 1.05 $ 1.88 $ 1.21
Discontinued operations (in USD per share) 0 0.23 (0.12) 0.48
Total earnings per common share - basic (in USD per share) 1.63 1.28 1.76 1.69
Earnings (loss) per common share - diluted        
Continuing operations (in USD per share) 1.61 1.04 1.86 1.19
Discontinued operations (in USD per share) 0 0.23 (0.12) 0.47
Total earnings per common share - diluted (in USD per share) $ 1.61 $ 1.26 $ 1.74 $ 1.67
Weighted average shares outstanding        
Basic (in shares) 397,751 395,892 397,239 395,029
Diluted (in shares) 402,261 401,939 402,088 400,744