Farmer Brothers Company (FARM) financial statements (2020 and earlier)

Company profile

Business Address 1912 FARMER BROTHERS DRIVE
NORTHLAKE, TX 76262
State of Incorp. DE
Fiscal Year End June 30
SIC 209 - Miscellaneous Food Preparations And Kindred (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2019
TTM
6/30/2019
6/30/2018
6/30/2017
6/30/2016
6/30/2015
6/30/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments9727473935
Cash and cash equivalents9726211512
Short-term investments   0262423
Restricted cash and investments     1 
Receivables62565947454342
Inventory, net of allowances, customer advances and progress billings858810456465171
Inventory858810456465171
Prepaid expense6788554
Derivative instruments and hedges, assets92  4 5
Assets held-for-sale, not part of disposal group    7
Income taxes receivable0
Other undisclosed current assets     (2) 
Total current assets:171160174117153136157
Noncurrent Assets
Operating lease, right-of-use asset20
Property, plant and equipment1721891871761189096
Intangible assets, net (including goodwill), including:64656830676
Goodwill3636361100 
Intangible assets, net (excluding goodwill)28293219666
Other undisclosed intangible assets, net (including goodwill)    0 
Derivative instruments and hedges01     
Other noncurrent assets109871087
Other undisclosed noncurrent assets  39638110
Total noncurrent assets:266265302276216105109
TOTAL ASSETS:437425476393369241266
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities76877557485067
Accounts payable60735740242744
Employee-related liabilities16151817252322
Debt609029134
Derivative instruments and hedges, liabilities0132 4 
Restructuring reserve     6
Deferred tax liabilities    11
Other liabilities871110765
Other undisclosed current liabilities     (6) 
Total current liabilities:909617897576577
Noncurrent Liabilities
Long-term debt and lease obligation8492 0136
Long-term debt, excluding current maturities7092     
Capital lease obligations0 0136
Operating lease, liability14
Liabilities, other than long-term debt, including:76566880288461
Pension and other postretirement defined benefit plans, liabilities60
Accounts payable and accrued liabilities55581111 
Deferred tax liabilities, net    11
Liability, pension and other postretirement and postemployment benefits684761718971
Other liabilities3421280 
Business combination, contingent consideration, liability     0
Derivative instruments and hedges, liabilities     0 
Other undisclosed liabilities, other than long-term debt    (100)  
Other undisclosed noncurrent liabilities 23  100(0)8
Total noncurrent liabilities:16117168801308674
Total liabilities:251267246178186151151
Stockholders' equity
Stockholders' equity attributable to parent, including:18615722921518390115
Preferred stock000    
Common stock17171717171717
Additional paid in capital60585641393836
Accumulated other comprehensive loss(49)(64)(62)(60)(64)(79)(10)
Retained earnings158146220221197107106
Unearned esop shares  (2)(4)(6)(11)(16)
Other undisclosed stockholders' equity attributable to parent     19(18)
Total stockholders' equity:18615722921518390115
TOTAL LIABILITIES AND EQUITY:437425476393369241266

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

12/31/2019
TTM
6/30/2019
6/30/2018
6/30/2017
6/30/2016
6/30/2015
6/30/2014
Revenues580596607542544545532
Revenue, net607542544546528
Cost of revenue
(Cost of Goods and Services Sold)
(418)(417)(400)(328)(336)(365)(350)
Other undisclosed gross profit     1713
Gross profit:162179207214208197196
Operating expenses(160)(194)(206)(172)(200)(194)(187)
Operating income (loss):3(15)142839
Nonoperating income (expense)(7)(19)(2)(2)2(2)4
Investment income, nonoperating  02232
Other nonoperating income (expense)441(1)1(3)4
Interest and debt expense(11)(12)(3)(2)(0)(1)(1)
Other undisclosed income from continuing operations before equity method investments, income taxes111232011
Income (loss) from continuing operations before income taxes:(4)(33)(1)4010113
Income tax expense (benefit)(44)(40)(17)(16)80(0)(1)
Net income (loss) attributable to parent:(48)(74)(18)2490112
Undistributed earnings (loss) allocated to participating securities, basic(0)(0)(0)
Other undisclosed net loss available to common stockholders, basic(1)(0)(0)(0)(0)(0)(0)
Net income (loss) available to common stockholders, diluted:(49)(74)(19)2490112

Comprehensive Income ($ in millions)

12/31/2019
TTM
6/30/2019
6/30/2018
6/30/2017
6/30/2016
6/30/2015
6/30/2014
Net income (loss):(48)(74)(18)2490112
Comprehensive income (loss):(48)(74)(18)2490112
Other undisclosed comprehensive income (loss), net of tax, attributable to parent13(2)(1)4(3)(33)15
Comprehensive income (loss), net of tax, attributable to parent:(35)(75)(19)2887(32)27

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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