| Summary of Financial Information by Segment |
The Company’s segment results are as follows:
|
|
|
Fiscal Year |
|
|
(in thousands) |
|
2019 |
|
|
2018 |
|
|
2017 |
|
|
Net sales: |
|
|
|
|
|
|
|
|
|
|
|
|
|
Nonalcoholic Beverages |
|
$ |
4,694,428 |
|
|
$ |
4,512,318 |
|
|
$ |
4,206,927 |
|
|
All Other |
|
|
345,005 |
|
|
|
358,625 |
|
|
|
301,801 |
|
|
Eliminations(1) |
|
|
(212,884 |
) |
|
|
(245,579 |
) |
|
|
(221,140 |
) |
|
Consolidated net sales |
|
$ |
4,826,549 |
|
|
$ |
4,625,364 |
|
|
$ |
4,287,588 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income from operations: |
|
|
|
|
|
|
|
|
|
|
|
|
|
Nonalcoholic Beverages |
|
$ |
174,133 |
|
|
$ |
45,519 |
|
|
$ |
90,143 |
|
|
All Other |
|
|
6,621 |
|
|
|
12,383 |
|
|
|
11,404 |
|
|
Consolidated income from operations |
|
$ |
180,754 |
|
|
$ |
57,902 |
|
|
$ |
101,547 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Depreciation and amortization: |
|
|
|
|
|
|
|
|
|
|
|
|
|
Nonalcoholic Beverages |
|
$ |
169,879 |
|
|
$ |
177,448 |
|
|
$ |
160,524 |
|
|
All Other |
|
|
10,037 |
|
|
|
9,808 |
|
|
|
8,317 |
|
|
Consolidated depreciation and amortization |
|
$ |
179,916 |
|
|
$ |
187,256 |
|
|
$ |
168,841 |
|
|
(1) |
The entire net sales elimination for each period presented represents net sales from All Other to the Nonalcoholic Beverages segment. Sales between these segments are recognized at either fair market value or cost depending on the nature of the transaction. |
|