The following table presents selected consolidated financial data for the last five fiscal years. Our fiscal years 2019, 2018, 2017, and 2016 include a full year of Kraft Heinz results. Our fiscal year 2015 includes a full year of Heinz results and post-merger Kraft results.
(Unaudited)
December 28,2019(52 weeks)
December 29,2018(52 weeks)
December 30, 2017 (52 weeks)
December 31, 2016 (52 weeks)****(g)
January 3, 2016 (53 weeks)
(in millions, except per share data)
Period Ended:
Net sales(a)
$
24,977
$
26,268
$
26,076
$
26,300
$
18,318
Income/(loss)(b)(c)(d)
1,933
(10,254
)
10,932
3,606
614
Income/(loss) attributable to common shareholders(b)(c)(d)
$
1,935
(10,192
)
10,941
3,416
(299
)
Income/(loss) per common share:
Basic(b)(c)(d)
$
1.59
(8.36
)
8.98
2.81
(0.38
)
Diluted(b)(c)(d)
1.58
(8.36
)
8.91
2.78
(0.38
)
(Unaudited)
December 28, 2019
December 29, 2018
December 30, 2017
December 31, 2016
January 3, 2016
(in millions, except per share data)
As of:
Total assets(c)
101,450
103,461
120,092
120,617
123,110
Long-term debt(e)
28,216
30,770
28,308
29,712
25,148
Redeemable preferred stock(f)
—
—
—
—
8,320
Cash dividends per common share
1.60
2.50
2.45
2.35
1.70
(a)
The increase in net sales in 2016 compared to the prior year was primarily driven by the 2015 Merger.
(b)
The increases in income/(loss), income/(loss) attributable to common shareholders, and basic and diluted income/(loss) per common share in 2017 compared to 2016 were primarily driven by U.S. Tax Reform, which was enacted in December 2017. See Note 10, Income Taxes, in Item 8, Financial Statements and Supplementary Data, for additional information.
(c)
The decreases in income/(loss), income/(loss) attributable to common shareholders, and basic and diluted income/(loss) per common share in 2018 compared to 2017, and the decrease in total assets from December 30, 2017 to December 29, 2018, were primarily driven by non-cash impairment losses in 2018. See Note 9, Goodwill and Intangible Assets, in Item 8, Financial Statements and Supplementary Data, for additional information.
(d)
The increases in income/(loss), income/(loss) attributable to common shareholders, and basic and diluted income/(loss) per common share in 2019 compared to 2018, were primarily driven by higher non-cash impairment losses in 2018. See Note 9, Goodwill and Intangible Assets, in Item 8, Financial Statements and Supplementary Data, for additional information.
(e)
Amounts exclude the current portion of long-term debt.
(f)
On June 7, 2016, we redeemed all outstanding shares of our 9.00% cumulative compounding preferred stock, Series A. See Equity and Dividends in Item 7*, Management’s Discussion and Analysis of Financial Condition and Results of Operations,* along with Note 19, Debt, and Note 20, Capital Stock, in Item 8, Financial Statements and Supplementary Data, in our Annual Report on Form 10-K for the year ended December 29, 2018 for additional information.
(g)
On December 9, 2016, our Board of Directors approved a change to our fiscal year end from Sunday to Saturday. Effective December 31, 2016, we operate on a 52- or 53-week fiscal year ending on the last Saturday in December in each calendar year. In prior years, we operated on a 52- or 53-week fiscal year ending the Sunday closest to December 31. As a result, we occasionally have a 53rd week in a fiscal year. Our 2015 fiscal year includes a 53rd week of activity.
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