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
Q3
10/31/2020
Q2
7/31/2020
Q1
4/30/2020
Q4
1/31/2020
Q3
10/31/2019
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,106964908675276235
Cash and cash equivalents1,106964908675276235
Receivables820879721570732823
Inventory, net of allowances, customer advances and progress billings1,7231,7151,7411,6851,6681,654
Inventory1,7231,7151,7411,6851,6681,654
Prepaid expense   195  
Other current assets265257276140318327
Total current assets:3,9143,8153,6463,2652,9943,039
Noncurrent Assets
Property, plant and equipment826828834848840828
Intangible assets, net (including goodwill)1,4501,4131,4171,3911,4191,417
Goodwill774759760756765762
Intangible assets, net (excluding goodwill)676654657635654655
Deferred income tax assets685858151916
Other noncurrent assets237236236247246253
Total noncurrent assets:2,5812,5352,5452,5012,5242,514
TOTAL ASSETS:6,4956,3506,1915,7665,5185,553
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities129631573010223
Taxes payable436373301923
Interest and dividends payable86 84 83 
Debt31235838933321173
Other undisclosed current liabilities603601545517541575
Total current liabilities:1,0441,0221,091880664771
Noncurrent Liabilities
Long-term debt and lease obligation2,3472,3092,3162,2692,2932,288
Long-term debt, excluding current maturities2,3472,3092,3162,2692,2932,288
Liabilities, other than long-term debt636616634642556552
Deferred income tax liabilities146146156177187162
Liability, pension and other postretirement and postemployment benefits296297297297198198
Other liabilities194173181168171192
Total noncurrent liabilities:2,9832,9252,9502,9112,8492,840
Total liabilities:4,0273,9474,0413,7913,5133,611
Stockholders' equity
Stockholders' equity attributable to parent, including:2,4682,4032,1501,9752,0051,942
Treasury stock, value(240)(243)(248)(258)(263)(274)
Accumulated other comprehensive loss(489)(508)(523)(547)(392)(400)
Retained earnings3,1253,0822,8492,7082,5882,544
Other undisclosed stockholders' equity attributable to parent727272727272
Total stockholders' equity:2,4682,4032,1501,9752,0051,942
TOTAL LIABILITIES AND EQUITY:6,4956,3506,1915,7665,5185,553

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

1/31/2021
Q3
10/31/2020
Q2
7/31/2020
Q1
4/30/2020
Q4
1/31/2020
Q3
10/31/2019
Q2
Revenues911985753709899989
Cost of revenue
(Cost of Goods and Services Sold)
(361)(404)(288)(256)(342)(370)
Gross profit:550581465453557619
Operating expenses(157)(155)(148)(167)(153)(158)
Other operating income (expense), net9(1)5(24)43
Other undisclosed operating income (loss)(121)(95)65(75)(104)(112)
Operating income:281330387187304352
Nonoperating expense(1)(1)(1)(1)  
Investment income, nonoperating 1 111
Net periodic defined benefits expense (reversal of expense), excluding service cost component(1)(2)(1)(2)(1)(1)
Interest and debt expense(21)(20)(20)(20)(20)(21)
Income from continuing operations before income taxes:259309366166284331
Income tax expense(40)(69)(42)(38)(53)(49)
Net income available to common stockholders, diluted:219240324128231282

Comprehensive Income ($ in millions)

1/31/2021
Q3
10/31/2020
Q2
7/31/2020
Q1
4/30/2020
Q4
1/31/2020
Q3
10/31/2019
Q2
Net income:219240324128231282
Comprehensive income:219240324128231282
Other undisclosed comprehensive income (loss), net of tax, attributable to parent191524(155)87
Comprehensive income (loss), net of tax, attributable to parent:238255348(27)239289

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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