Brown Forman Corporation (BFA) financial statements (2022 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)

1/31/2022
TTM
4/30/2021
4/30/2020
4/30/2019
4/30/2018
4/30/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments8121,150675307239182
Cash and cash equivalents8121,150675307239182
Receivables796753570609639557
Inventory, net of allowances, customer advances and progress billings1,7691,7511,6851,5201,3791,270
Inventory1,7691,7511,6851,5201,3791,270
Prepaid expense 170195191196210
Other current assets2769314092102132
Total current assets:3,6533,9173,2652,7192,5552,351
Noncurrent Assets
Property, plant and equipment818832848816780713
Intangible assets, net (including goodwill)1,4231,4551,3911,3981,4331,394
Goodwill771779756753763753
Intangible assets, net (excluding goodwill)652676635645670641
Deferred income tax assets677015
Other noncurrent assets265248247190192151
Other undisclosed noncurrent assets   161616
Total noncurrent assets:2,5732,6052,5012,4202,4212,274
TOTAL ASSETS:6,2266,5225,7665,1394,9764,625
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities15471330553606510
Accounts payable 172 150154137
Accrued liabilities 507 394427364
Taxes payable6434309259
Interest and dividends payable90     
Debt266205333150215460
Other undisclosed current liabilities629 517   
Total current liabilities:1,049918880703821970
Noncurrent Liabilities
Long-term debt and lease obligation2,0612,3542,2692,2902,3411,689
Long-term debt, excluding current maturities2,0612,3542,2692,2902,3411,689
Liabilities, other than long-term debt597594642499498596
Deferred tax liabilities, net14585152
Deferred income tax liabilities190169177
Liability, pension and other postretirement and postemployment benefits216219297197191314
Other liabilities191206168157222130
Total noncurrent liabilities:2,6582,9482,9112,7892,8392,285
Total liabilities:3,7073,8663,7913,4923,6603,255
Stockholders' equity
Stockholders' equity attributable to parent, including:2,5192,6561,9751,6471,3161,370
Treasury stock, value(229)(237)(258)(300)(112)(2,843)
Additional paid in capital3   465
Accumulated other comprehensive loss(418)(422)(547)(363)(378)(390)
Retained earnings3,0913,2432,7082,2381,7304,470
Other undisclosed stockholders' equity attributable to parent727272727268
Total stockholders' equity:2,5192,6561,9751,6471,3161,370
TOTAL LIABILITIES AND EQUITY:6,2266,5225,7665,1394,9764,625

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

1/31/2022
TTM
4/30/2021
4/30/2020
4/30/2019
4/30/2018
4/30/2017
Revenues3,7493,4613,3633,3244,2013,857
Revenue, net4,2013,857
Cost of revenue
(Cost of Goods and Services Sold)
(1,486)(1,367)(1,236)(1,158)(1,999)(1,836)
Gross profit:2,2632,0942,1272,1662,2022,021
Operating expenses(706)(671)(642)(641)(765)(667)
Other operating income (expense), net115(11)151618
Other undisclosed operating loss(432)(272)(383)(396)(414)(383)
Operating income:1,1261,1661,0911,1441,039989
Nonoperating income (expense) (4) (14)63
Investment income, nonoperating425863
Net periodic defined benefits expense (reversal of expense), excluding service cost component(4)(6)(5)(22)
Interest and debt expense(81)(81)(82)(88)(68)(59)
Income from continuing operations before income taxes:1,0451,0811,0091,042977933
Income tax expense(238)(178)(182)(207)(260)(264)
Net income available to common stockholders, diluted:807903827835717669

Comprehensive Income ($ in millions)

1/31/2022
TTM
4/30/2021
4/30/2020
4/30/2019
4/30/2018
4/30/2017
Net income:807903827835717669
Comprehensive income:807903827835717669
Other undisclosed comprehensive income (loss), net of tax, attributable to parent71125(141)1512(40)
Comprehensive income, net of tax, attributable to parent:8781,028686850729629

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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