The following table presents selected consolidated financial data for each of the three fiscal years 2011 through 2013, the 2013 Predecessor Period, the 2013 Successor Period, and the fiscal years ended December 28, 2014 and January 3, 2016.
Successor
Predecessor (H. J. Heinz Company)
January 3, 2016 (53 weeks)
December 28, 2014 (52 weeks)
February 8 - December 29, 2013 (29 weeks)
April 29 - June 7, 2013 (6 weeks)
April 28, 2013 (52 weeks)
April 29, 2012 (52 1/2 weeks)(d)
April 27, 2011 (52 weeks)
Period Ended:
(in millions, except per share data)
Net sales(a)(e)
$
18,338
$
10,922
$
6,240
$
1,113
$
11,529
$
11,508
$
10,559
Income/(loss) from continuing operations(a)
647
672
(66
)
(191
)
1,102
992
1,046
(Loss)/income from continuing operations attributable to common shareholders(a)
(266
)
(63
)
(1,118
)
(194
)
1,088
974
1,029
(Loss)/income from continuing operations per common share:
Basic
(0.34
)
(0.17
)
(2.97
)
(0.60
)
3.39
3.03
3.21
Diluted
(0.34
)
(0.17
)
(2.97
)
(0.60
)
3.37
3.01
3.18
As of:
Total assets(c)(e)
122,973
36,571
38,681
NA
12,920
11,960
12,217
Long-term debt(b)(c)(e)
25,151
13,358
14,326
NA
3,830
4,757
3,065
Redeemable preferred stock
8,320
8,320
8,320
NA
—
—
—
Cash dividends per common share
1.70
—
—
—
2.06
1.92
1.80
(a)
Amounts exclude the operating results as well as any associated impairment charges and losses on sale related to the Company's Shanghai LongFong Foods business in China and U.S. Foodservice frozen desserts business, which were divested in Fiscal 2013.
(b)
Amounts include interest rate swap hedge accounting adjustments of $123 million at April 28, 2013, $128 million at April 29, 2012, and $151 million at April 27, 2011. There were no interest rate swaps requiring such hedge accounting adjustments at January 3, 2016, December 28, 2014, or December 29, 2013. Amounts exclude the current portion of long-term debt.
(c)
As discussed in Note 1, Background and Basis of Presentation, to the consolidated financial statements, we early-adopted accounting guidance to simplify the presentation of debt issuance costs. As a result, we reclassified unamortized debt issuance costs from other assets to long-term debt on the consolidated balance sheets, including $228 million at December 28, 2014, $292 million at December 29, 2013, $19 million at April 28, 2013, $23 million at April 29, 2012, and $14 million at April 27, 2011.
(d)
On March 14, 2012, our Board of Directors authorized a change in fiscal year end from the Wednesday nearest April 30 to the Sunday nearest April 30. This change resulted in a 52 1/2-week-long fiscal year ended April 29, 2012 (“Fiscal 2012”).
(e)
The increases in net sales, total assets, and long-term debt from the year ended December 28, 2014 to the year ended January 3, 2016 reflect the impact of the 2015 Merger. See Note 2, Merger and Acquisition, to the consolidated financial statements for additional information.
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