Brown Forman Corporation (BFA) financial statements (2020 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)

10/31/2019
TTM
4/30/2019
4/30/2018
4/30/2017
4/30/2016
4/30/2015
4/30/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments235307239182263370437
Cash and cash equivalents235307239182263370437
Receivables823609639557559583569
Inventory, net of allowances, customer advances and progress billings1,6541,5201,3791,2701,054953882
Inventory1,6541,5201,3791,2701,054953882
Prepaid expense 191196210208181172
Other current assets3279210213214915184
Other undisclosed current assets     1633
Total current assets:3,0392,7192,5552,3512,2332,2542,177
Noncurrent Assets
Property, plant and equipment828816780713629586526
Intangible assets, net (including goodwill)1,4171,3981,4331,3941,1851,2181,297
Goodwill762753763753590607620
Intangible assets, net (excluding goodwill)655645670641595611677
Deferred income tax assets16
Other noncurrent assets25319019215111911785
Other undisclosed noncurrent assets 161616171818
Total noncurrent assets:2,5142,4202,4212,2741,9501,9391,926
TOTAL ASSETS:5,5535,1394,9764,6254,1834,1934,103
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities23553606510520523885
Accounts payable 150154137121123 
Accrued liabilities 394427364380374340
Employee-related liabilities     7 
Taxes payable239259191271
Interest and dividends payable     7 
Accounts payable and other accrued liabilities474
Debt1731502154602714408
Self insurance reserve     1010
Deferred tax liabilities    98
Other undisclosed current liabilities575    (24)(350)
Total current liabilities:771703821970791958561
Noncurrent Liabilities
Long-term debt and lease obligation2,2882,2902,3411,6891,230748997
Long-term debt, excluding current maturities2,2882,2902,3411,6891,230748997
Liabilities, other than long-term debt552499498596600582513
Pension and other postretirement defined benefit plans, liabilities244
Deferred tax liabilities, net14585152101107102
Deferred income tax liabilities162
Liability, pension and other postretirement and postemployment benefits198197191314353311
Other liabilities192157222130146164167
Total noncurrent liabilities:2,8402,7892,8392,2851,8301,3301,510
Total liabilities:3,6113,4923,6603,2552,6212,2882,071
Stockholders' equity
Stockholders' equity attributable to parent, including:1,9421,6471,3161,3701,5621,9052,032
Treasury stock, value(274)(300)(112)(2,843)(2,301)(1,228)(789)
Additional paid in capital  4651149981
Accumulated other comprehensive loss(400)(363)(378)(390)(350)(300)(188)
Retained earnings2,5442,2381,7304,4704,0653,3002,894
Other undisclosed stockholders' equity attributable to parent72727268343434
Total stockholders' equity:1,9421,6471,3161,3701,5621,9052,032
TOTAL LIABILITIES AND EQUITY:5,5535,1394,9764,6254,1834,1934,103

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

10/31/2019
TTM
4/30/2019
4/30/2018
4/30/2017
4/30/2016
4/30/2015
4/30/2014
Revenues3,4033,3244,2013,8574,0114,0963,946
Revenue, net4,2013,8574,0114,0963,946
Cost of revenue
(Cost of Goods and Services Sold)
(1,233)(1,158)(1,999)(1,836)(1,867)(1,913)(1,868)
Gross profit:2,1702,1662,2022,0212,1442,1832,078
Operating expenses(634)(641)(765)(667)(688)(748)(736)
Other operating income (expense), net121516189(22)15
Other undisclosed operating income (loss)(400)(396)(414)(383)68(386)(386)
Operating income:1,1481,1441,0399891,5331,027971
Nonoperating income (expense)(13)(14)63222
Investment income, nonoperating7863222
Net periodic defined benefits expense (reversal of expense), excluding service cost component(20)(22)
Interest and debt expense(86)(88)(68)(59)(46)(27)(26)
Income from continuing operations before income taxes:1,0491,0429779331,4891,002947
Income tax expense(195)(207)(260)(264)(422)(318)(288)
Net income available to common stockholders, diluted:8548357176691,067684659

Comprehensive Income ($ in millions)

10/31/2019
TTM
4/30/2019
4/30/2018
4/30/2017
4/30/2016
4/30/2015
4/30/2014
Net income:8548357176691,067684659
Other comprehensive income (loss)    (50)(112)23
Comprehensive income:8548357176691,017572682
Other undisclosed comprehensive income (loss), net of tax, attributable to parent81512(40)   
Comprehensive income, net of tax, attributable to parent:8628507296291,017572682

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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