Farmer Brothers Company (FARM) Financial Statements (2023 and Earlier)

Company Profile

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

Balance Sheet (Statement of Financial Position) ($ in thousands)

12/31/2021
TTM
6/30/2021
6/30/2020
6/30/2019
6/30/2018
6/30/2017
6/30/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments3,62410,26360,0136,9832,4386,60946,686
Cash and cash equivalents3,62410,26360,0136,9832,4386,24121,095
Short-term investments     36825,591
Receivables48,47840,32141,71356,34658,80346,76444,611
Inventory, net of allowances, customer advances and progress billings87,22176,79167,40887,910104,43156,25146,378
Inventory87,22176,79167,40887,910104,43156,25146,378
Prepaid expense4,2415,5947,4146,8047,8427,5404,557
Derivative instruments and hedges, assets10,0214,3511651,865  3,954
Assets held-for-sale, not part of disposal group 1,591    7,179
Other undisclosed current assets175175     
Total current assets:153,760139,086176,713159,908173,514117,164153,365
Noncurrent Assets
Operating lease, right-of-use asset28,22126,25421,117
Property, plant and equipment144,356150,091165,633189,458186,589176,066118,416
Intangible assets, net (including goodwill), including:17,05018,25220,66265,10267,73929,6146,491
Goodwill   36,22436,22410,996272
Intangible assets, net (excluding goodwill)17,05018,25220,66228,87831,51518,6186,218
Other undisclosed intangible assets, net (including goodwill)      1
Derivative instruments and hedges  10674   
Other noncurrent assets3,2714,3238,5649,4688,3816,8379,933
Other undisclosed noncurrent assets    39,30863,05580,786
Total noncurrent assets:192,898198,920215,986264,702302,017275,572215,626
TOTAL ASSETS:346,658338,006392,699424,610475,531392,736368,991
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities68,14361,04846,38187,28974,52157,12948,459
Accounts payable54,34645,70336,98772,77156,60339,78423,919
Employee-related liabilities13,79715,3459,39414,51817,91817,34524,540
Debt3,0439505,8543489,97728,5791,432
Derivative instruments and hedges, liabilities2,1441,5555,2551,4743,3001,857 
Other liabilities8,0396,4256,8027,30910,6599,7026,946
Other undisclosed current liabilities6,8066,262     
Total current liabilities:88,17576,24064,29296,106178,45797,26756,837
Noncurrent Liabilities
Long-term debt and lease obligation107,729153,155137,63792,001 2371,036
Long-term debt, excluding current maturities86,124133,106122,00092,000   
Finance lease, liability  9
Capital lease obligations1 2371,036
Operating lease, liability21,60520,04915,628
Liabilities, other than long-term debt, including:45,4448,74168,69455,80868,01980,09728,110
Accounts payable and accrued liabilities3,3813,6494,5694,7475,3547,54811,459
Liability, pension and other postretirement and postemployment benefits39,530 58,59347,03860,85371,06988,855
Other liabilities2,5335,0925,5324,0231,8121,48028,210
Other undisclosed liabilities, other than long-term debt      (100,414)
Other undisclosed noncurrent liabilities (5,089)10,16323,201  100,414
Total noncurrent liabilities:153,173156,807216,494171,01068,01980,334129,560
Total liabilities:241,348233,047280,786267,116246,476177,601186,397
Stockholders' equity
Stockholders' equity attributable to parent105,310104,959111,913157,494229,055215,135182,594
Preferred stock1515151515  
Common stock18,21217,85317,34817,04216,95216,84616,782
Additional paid in capital68,25966,10962,04357,91255,96541,49539,096
Accumulated other comprehensive loss(39,348)(45,329)(76,029)(63,652)(62,039)(60,099)(63,632)
Retained earnings58,17266,311108,536146,177220,307221,182196,782
Unearned esop shares    (2,145)(4,289)(6,434)
Total stockholders' equity:105,310104,959111,913157,494229,055215,135182,594
TOTAL LIABILITIES AND EQUITY:346,658338,006392,699424,610475,531392,736368,991

Income Statement (P&L) ($ in thousands)

12/31/2021
TTM
6/30/2021
6/30/2020
6/30/2019
6/30/2018
6/30/2017
6/30/2016
Revenues422,816397,850501,320595,942606,544541,500544,382
Revenue, net606,544541,500544,382
Cost of revenue
(Cost of Goods and Services Sold)
(304,111)(296,925)(363,198)(416,840)(399,502)(327,765)(335,907)
Gross profit:118,705100,925138,122179,102207,042213,735208,475
Operating expenses(141,621)(139,098)(181,124)(193,804)(205,918)(171,569)(200,296)
Operating income (loss):(22,916)(38,173)(43,002)(14,702)1,12442,1668,179
Nonoperating income (expense)(2,645)10,1175,720(18,782)(2,092)(1,812)1,742
Investment income, nonoperating    141,5741,611
Other nonoperating income (expense)6,29219,72010,4434,1661,071(1,201)556
Interest and debt expense(15,296)(15,962)(10,483)(12,000)(3,177)(2,185)(425)
Other undisclosed income from continuing operations before equity method investments, income taxes9,78115,96210,48312,0003,1772,185425
Income (loss) from continuing operations before equity method investments, income taxes:(31,076)(28,056)(37,282)(33,484)(968)40,3549,921
Other undisclosed income from continuing operations before income taxes5,515      
Income (loss) from continuing operations before income taxes:(25,561)(28,056)(37,282)(33,484)(968)40,3549,921
Income tax expense (benefit)62(13,595)195(40,111)(17,312)(15,954)79,997
Net income (loss) attributable to parent:(25,499)(41,651)(37,087)(73,595)(18,280)24,40089,918
Preferred stock dividends and other adjustments(585)(574)     
Undistributed earnings (loss) allocated to participating securities, basic582 (179)(76)(17)
Other undisclosed net loss available to common stockholders, basic(582) (375)(459)(372)(30)(106)
Net income (loss) available to common stockholders, diluted:(26,084)(42,225)(37,641)(74,130)(18,669)24,37089,812

Comprehensive Income ($ in thousands)

12/31/2021
TTM
6/30/2021
6/30/2020
6/30/2019
6/30/2018
6/30/2017
6/30/2016
Net income (loss):(25,499)(41,651)(37,087)(73,595)(18,280)24,40089,918
Other comprehensive income10,991      
Comprehensive income (loss):(14,508)(41,651)(37,087)(73,595)(18,280)24,40089,918
Other undisclosed comprehensive income (loss), net of tax, attributable to parent19,06930,700(12,377)(1,614)(546)3,533(3,212)
Comprehensive income (loss), net of tax, attributable to parent:4,561(10,951)(49,464)(75,209)(18,826)27,93386,706

Statements Sources

The financial statements are based on the Company's filings with 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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