Brown Forman Corporation (BFA) financial statements (2021 and earlier)

Company profile

Business Address 850 DIXIE HWY
LOUISVILLE, KY 40210
State of Incorp. DE
Fiscal Year End April 30
SIC 208 - Beverages (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

1/31/2021
TTM
4/30/2020
4/30/2019
4/30/2018
4/30/2017
4/30/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,106675307239182263
Cash and cash equivalents1,106675307239182263
Receivables820570609639557559
Inventory, net of allowances, customer advances and progress billings1,7231,6851,5201,3791,2701,054
Inventory1,7231,6851,5201,3791,2701,054
Prepaid expense 195191196210208
Other current assets26514092102132149
Total current assets:3,9143,2652,7192,5552,3512,233
Noncurrent Assets
Property, plant and equipment826848816780713629
Intangible assets, net (including goodwill)1,4501,3911,3981,4331,3941,185
Goodwill774756753763753590
Intangible assets, net (excluding goodwill)676635645670641595
Deferred income tax assets6815
Other noncurrent assets237247190192151119
Other undisclosed noncurrent assets  16161617
Total noncurrent assets:2,5812,5012,4202,4212,2741,950
TOTAL ASSETS:6,4955,7665,1394,9764,6254,183
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities12930553606510520
Accounts payable  150154137121
Accrued liabilities  394427364380
Taxes payable4330925919
Interest and dividends payable86     
Debt312333150215460271
Other undisclosed current liabilities603517    
Total current liabilities:1,044880703821970791
Noncurrent Liabilities
Long-term debt and lease obligation2,3472,2692,2902,3411,6891,230
Long-term debt, excluding current maturities2,3472,2692,2902,3411,6891,230
Liabilities, other than long-term debt636642499498596600
Deferred tax liabilities, net14585152101
Deferred income tax liabilities146177
Liability, pension and other postretirement and postemployment benefits296297197191314353
Other liabilities194168157222130146
Total noncurrent liabilities:2,9832,9112,7892,8392,2851,830
Total liabilities:4,0273,7913,4923,6603,2552,621
Stockholders' equity
Stockholders' equity attributable to parent, including:2,4681,9751,6471,3161,3701,562
Treasury stock, value(240)(258)(300)(112)(2,843)(2,301)
Additional paid in capital   465114
Accumulated other comprehensive loss(489)(547)(363)(378)(390)(350)
Retained earnings3,1252,7082,2381,7304,4704,065
Other undisclosed stockholders' equity attributable to parent727272726834
Total stockholders' equity:2,4681,9751,6471,3161,3701,562
TOTAL LIABILITIES AND EQUITY:6,4955,7665,1394,9764,6254,183

Income statement (P&L) ($ in millions)

1/31/2021
TTM
4/30/2020
4/30/2019
4/30/2018
4/30/2017
4/30/2016
Revenues3,3583,3633,3244,2013,8574,011
Revenue, net4,2013,8574,011
Cost of revenue
(Cost of Goods and Services Sold)
(1,309)(1,236)(1,158)(1,999)(1,836)(1,867)
Gross profit:2,0492,1272,1662,2022,0212,144
Operating expenses(627)(642)(641)(765)(667)(688)
Other operating income (expense), net(11)(11)1516189
Other undisclosed operating income (loss)(226)(383)(396)(414)(383)68
Operating income:1,1851,0911,1441,0399891,533
Nonoperating income (expense)(4) (14)632
Investment income, nonoperating258632
Net periodic defined benefits expense (reversal of expense), excluding service cost component(6)(5)(22)
Interest and debt expense(81)(82)(88)(68)(59)(46)
Income from continuing operations before income taxes:1,1001,0091,0429779331,489
Income tax expense(189)(182)(207)(260)(264)(422)
Net income available to common stockholders, diluted:9118278357176691,067

Comprehensive Income ($ in millions)

1/31/2021
TTM
4/30/2020
4/30/2019
4/30/2018
4/30/2017
4/30/2016
Net income:9118278357176691,067
Other comprehensive loss     (50)
Comprehensive income:9118278357176691,017
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(97)(141)1512(40) 
Comprehensive income, net of tax, attributable to parent:8146868507296291,017

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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