Farmer Brothers Company (FARM) financial statements (2021 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)

12/31/2020
TTM
6/30/2020
6/30/2019
6/30/2018
6/30/2017
6/30/2016
6/30/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments6607274739
Cash and cash equivalents6607262115
Short-term investments    02624
Restricted cash and investments      1
Receivables42425659474543
Inventory, net of allowances, customer advances and progress billings816788104564651
Inventory816788104564651
Prepaid expense8778855
Derivative instruments and hedges, assets402  4 
Assets held-for-sale, not part of disposal group     7
Other undisclosed current assets      (2)
Total current assets:140177160174117153136
Noncurrent Assets
Operating lease, right-of-use asset2821
Property, plant and equipment16016618918717611890
Intangible assets, net (including goodwill), including:192165683067
Goodwill  36361100
Intangible assets, net (excluding goodwill)192129321966
Other undisclosed intangible assets, net (including goodwill)     0 
Derivative instruments and hedges 01    
Other noncurrent assets99987108
Other undisclosed noncurrent assets   3963811
Total noncurrent assets:216216265302276216105
TOTAL ASSETS:356393425476393369241
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities66468775574850
Accounts payable50377357402427
Employee-related liabilities1691518172523
Debt760902913
Derivative instruments and hedges, liabilities15132 4
Restructuring reserve      6
Deferred tax liabilities    1
Other liabilities777111076
Other undisclosed current liabilities      (6)
Total current liabilities:826496178975765
Noncurrent Liabilities
Long-term debt and lease obligation10313892 013
Long-term debt, excluding current maturities8212292    
Finance lease, liability 0
Capital lease obligations0 013
Operating lease, liability2116
Liabilities, other than long-term debt, including:76695668802884
Accounts payable and accrued liabilities455581111
Deferred tax liabilities, net    1
Liability, pension and other postretirement and postemployment benefits67594761718971
Other liabilities56421280
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 1023  100(0)
Total noncurrent liabilities:178216171688013086
Total liabilities:260281267246178186151
Stockholders' equity
Stockholders' equity attributable to parent, including:9611215722921518390
Preferred stock0000   
Common stock18171717171717
Additional paid in capital64625856413938
Accumulated other comprehensive loss(69)(76)(64)(62)(60)(64)(79)
Retained earnings84109146220221197107
Unearned esop shares   (2)(4)(6)(11)
Other undisclosed stockholders' equity attributable to parent      19
Total stockholders' equity:9611215722921518390
TOTAL LIABILITIES AND EQUITY:356393425476393369241

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

12/31/2020
TTM
6/30/2020
6/30/2019
6/30/2018
6/30/2017
6/30/2016
6/30/2015
Revenues412501596607542544545
Revenue, net607542544546
Cost of revenue
(Cost of Goods and Services Sold)
(310)(363)(417)(400)(328)(336)(365)
Other undisclosed gross profit      17
Gross profit:102138179207214208197
Operating expenses(183)(181)(194)(206)(172)(200)(194)
Operating income (loss):(80)(43)(15)14283
Nonoperating income (expense)216(19)(2)(2)2(2)
Investment income, nonoperating   0223
Other nonoperating income (expense)261041(1)1(3)
Interest and debt expense(11)(10)(12)(3)(2)(0)(1)
Other undisclosed income from continuing operations before equity method investments, income taxes1110123201
Income (loss) from continuing operations before income taxes:(60)(37)(33)(1)40101
Income tax expense (benefit)(14)0(40)(17)(16)80(0)
Net income (loss) attributable to parent:(73)(37)(74)(18)24901
Preferred stock dividends and other adjustments(0)      
Undistributed earnings (loss) allocated to participating securities, basic(1)(0)(0)(0)
Other undisclosed net income (loss) available to common stockholders, basic1(0)(0)(0)(0)(0)(0)
Net income (loss) available to common stockholders, diluted:(74)(38)(74)(19)24901

Comprehensive Income ($ in millions)

12/31/2020
TTM
6/30/2020
6/30/2019
6/30/2018
6/30/2017
6/30/2016
6/30/2015
Net income (loss):(73)(37)(74)(18)24901
Other comprehensive income13      
Other undisclosed comprehensive loss(13)      
Comprehensive income (loss):(73)(37)(74)(18)24901
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(20)(12)(2)(1)4(3)(33)
Comprehensive income (loss), net of tax, attributable to parent:(94)(49)(75)(19)2887(32)

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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