Brown-Forman (BF-B) stock price, revenue, and financials

Brown-Forman annual revenue was $3.32 b in FY 2019

$766 M

Brown-Forman Revenue Q1, 2020
Brown-Forman Gross profit (Q1, 2020)498 M
Brown-Forman Gross profit margin (Q1, 2020), %65%
Brown-Forman Net income (Q1, 2020)186 M
Brown-Forman EBIT (Q1, 2020)248 M
Brown-Forman Cash, 31-Jul-2019307 M
Brown-Forman EV29.1 B

Brown-Forman Revenue

Brown-Forman revenue was $3.32 b in FY, 2019

Embed Graph

Brown-Forman Income Statement

Annual

USDFY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Revenue

3.9b3.1b4.0b3.0b3.2b3.3b

Revenue growth, %

5%(1%)(3%)

Cost of goods sold

913.0m951.0m945.0m973.0m1.0b1.2b

Gross profit

3.0b2.2b3.1b2.0b2.2b2.2b

Gross profit Margin, %

77%70%76%68%68%65%

General and administrative expense

686.0m688.0m667.0m765.0m641.0m

Operating expense total

686.0m688.0m667.0m765.0m641.0m

EBIT

971.0m1.0b1.5b989.0m1.0b1.1b

EBIT margin, %

25%33%38%33%32%34%

Interest expense

26.0m27.0m46.0m59.0m68.0m88.0m

Interest income

2.0m2.0m2.0m3.0m6.0m8.0m

Pre tax profit

947.0m1.0b1.5b933.0m977.0m1.0b

Income tax expense

288.0m318.0m422.0m264.0m260.0m207.0m

Net Income

659.0m684.0m1.1b669.0m717.0m835.0m

Quarterly

USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020

Revenue

1.1b1.1b921.0m1.1b1.1b900.0m1.1b1.1b661.0m830.0m808.0m723.0m914.0m878.0m766.0m910.0m904.0m766.0m

Cost of goods sold

257.0m250.0m210.0m268.0m260.0m208.0m268.0m254.0m208.0m278.0m272.0m230.0m304.0m291.0m243.0m320.0m333.0m268.0m

Gross profit

822.0m828.0m711.0m867.0m833.0m692.0m828.0m829.0m453.0m552.0m536.0m493.0m610.0m587.0m523.0m590.0m571.0m498.0m

Gross profit Margin, %

76%77%77%76%76%77%76%77%69%67%66%68%67%67%68%65%63%65%

General and administrative expense

162.0m161.0m170.0m178.0m163.0m169.0m171.0m167.0m163.0m163.0m162.0m161.0m163.0m173.0m168.0m161.0m149.0m164.0m

Operating expense total

162.0m161.0m170.0m178.0m163.0m169.0m171.0m167.0m163.0m163.0m162.0m161.0m163.0m497.0m168.0m161.0m149.0m164.0m

EBIT

311.0m255.0m221.0m303.0m272.0m227.0m302.0m278.0m213.0m291.0m273.0m244.0m346.0m304.0m264.0m332.0m320.0m248.0m

EBIT margin, %

29%24%24%27%25%25%28%26%32%35%34%34%38%35%34%36%35%32%

Interest expense

7.0m6.0m7.0m7.0m6.0m9.0m12.0m12.0m13.0m16.0m16.0m16.0m16.0m17.0m22.0m22.0m23.0m21.0m

Interest income

1.0m1.0m1.0m1.0m1.0m1.0m2.0m2.0m2.0m2.0m2.0m

Pre tax profit

305.0m249.0m214.0m296.0m266.0m218.0m290.0m266.0m201.0m276.0m258.0m229.0m331.0m289.0m242.0m310.0m284.0m228.0m

Income tax expense

99.0m72.0m64.0m88.0m80.0m62.0m90.0m76.0m57.0m79.0m76.0m51.0m92.0m99.0m42.0m61.0m57.0m42.0m

Net Income

206.0m177.0m150.0m208.0m186.0m156.0m200.0m190.0m144.0m197.0m182.0m178.0m239.0m190.0m200.0m249.0m227.0m186.0m

Brown-Forman Balance Sheet

Annual

USDFY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Cash

437.0m370.0m263.0m182.0m239.0m307.0m

Accounts Receivable

639.0m609.0m

Inventories

882.0m1.1b1.3b1.4b1.5b

Current Assets

2.2b2.3b2.2b2.4b2.6b2.7b

PP&E

526.0m586.0m629.0m713.0m780.0m816.0m

Goodwill

620.0m607.0m590.0m753.0m763.0m753.0m

Total Assets

4.1b4.2b4.2b4.6b5.0b5.1b

Accounts Payable

474.0m497.0m501.0m501.0m581.0m544.0m

Short-term debt

440.0m460.0m150.0m

Current Liabilities

561.0m958.0m791.0m970.0m821.0m703.0m

Long-term debt

1.2b1.7b2.3b2.3b

Total Debt

1.2b2.1b2.3b2.4b

Total Liabilities

2.1b2.6b3.3b3.7b3.5b

Common Stock

13.0m13.0m13.0m25.0m25.0m25.0m

Additional Paid-in Capital

81.0m99.0m114.0m65.0m4.0m

Retained Earnings

2.9b3.3b4.1b4.5b1.7b2.2b

Total Equity

1.6b1.4b1.3b1.6b

Debt to Equity Ratio

1.6 x1.8 x

Debt to Assets Ratio

0.5 x0.5 x

Financial Leverage

2.7 x3.4 x3.8 x3.1 x

Quarterly

USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020

Cash

192.0m287.0m460.0m235.0m250.0m494.0m195.0m317.0m459.0m211.0m197.0m238.0m212.0m287.0m211.0m193.0m260.0m307.0m

Inventories

901.0m873.0m949.0m971.0m920.0m1.0b1.1b1.0b1.3b1.3b1.2b1.3b1.4b1.3b1.4b1.5b1.5b1.6b

Current Assets

2.0b2.1b2.3b2.3b2.2b2.4b2.3b2.4b2.6b2.5b2.4b2.5b2.7b2.6b2.6b2.7b2.8b2.8b

PP&E

483.0m497.0m538.0m556.0m567.0m608.0m619.0m621.0m645.0m651.0m669.0m719.0m740.0m766.0m778.0m785.0m801.0m815.0m

Goodwill

620.0m619.0m618.0m614.0m607.0m605.0m606.0m589.0m756.0m743.0m746.0m755.0m756.0m768.0m755.0m750.0m754.0m754.0m

Total Assets

3.9b4.0b4.2b4.2b4.2b4.3b4.3b4.3b4.8b4.7b4.6b4.8b5.0b5.0b5.0b5.1b5.2b5.3b

Accounts Payable

513.0m452.0m427.0m535.0m511.0m438.0m549.0m498.0m463.0m554.0m478.0m454.0m556.0m584.0m564.0m620.0m587.0m524.0m

Dividends Payable

62.0m62.0m66.0m65.0m68.0m67.0m70.0m70.0m557.0m76.0m79.0m79.0m

Short-term debt

7.0m13.0m124.0m258.0m263.0m553.0m288.0m337.0m557.0m508.0m485.0m176.0m258.0m207.0m220.0m

Current Liabilities

542.0m604.0m637.0m678.0m860.0m833.0m1.1b1.1b874.0m904.0m1.1b1.1b1.1b1.5b868.0m895.0m895.0m867.0m

Long-term debt

997.0m997.0m998.0m998.0m748.0m1.2b1.2b1.2b2.0b1.9b1.7b1.7b1.7b1.8b2.3b2.3b2.3b2.3b

Total Debt

1.0b997.0m1.0b1.1b1.0b1.5b1.8b1.2b2.2b2.3b2.2b2.2b2.0b1.8b2.5b2.5b2.5b2.5b

Total Liabilities

2.0b2.1b2.1b2.2b2.1b2.6b2.9b2.9b3.4b3.4b3.4b3.4b3.3b3.8b3.7b3.7b3.7b3.7b

Common Stock

13.0m13.0m13.0m13.0m13.0m13.0m13.0m13.0m25.0m25.0m25.0m25.0m25.0m25.0m25.0m25.0m25.0m25.0m

Additional Paid-in Capital

80.0m80.0m97.0m99.0m99.0m111.0m115.0m114.0m74.0m74.0m74.0m47.0m49.0m7.0m2.0m4.0m3.0m1.0m

Retained Earnings

2.7b2.8b2.9b3.1b3.2b3.3b3.5b3.6b4.1b4.3b4.3b1.8b2.1b1.6b1.8b2.0b2.1b2.3b

Total Equity

1.8b1.9b2.1b2.1b2.0b1.7b1.4b1.4b1.3b1.3b1.2b1.4b1.6b1.2b1.4b1.5b1.5b1.7b

Debt to Equity Ratio

0.5 x0.5 x0.5 x0.5 x0.9 x1.3 x0.9 x1.7 x1.8 x1.9 x1.6 x1.2 x1.5 x1.8 x

Debt to Assets Ratio

0.3 x0.2 x0.2 x0.3 x0.3 x0.4 x0.3 x0.5 x0.5 x0.5 x0.5 x0.4 x0.4 x0.5 x

Financial Leverage

2.1 x2.1 x2 x2 x2 x2.5 x3.1 x3.1 x3.6 x3.7 x3.9 x3.4 x3 x4.2 x3.7 x3.4 x3.5 x3.2 x

Brown-Forman Cash Flow

Annual

USDFY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Net Income

659.0m684.0m1.1b669.0m717.0m835.0m

Depreciation and Amortization

50.0m51.0m56.0m58.0m64.0m72.0m

Accounts Receivable

(34.0m)(50.0m)8.0m6.0m(70.0m)23.0m

Inventories

(67.0m)(100.0m)(127.0m)(86.0m)(102.0m)(162.0m)

Accounts Payable

31.0m64.0m29.0m(17.0m)58.0m(43.0m)

Cash From Operating Activities

649.0m608.0m524.0m639.0m632.0m800.0m

Cash From Investing Activities

(127.0m)(119.0m)

Short-term Borrowings

5.0m183.0m80.0m(122.0m)(3.0m)(71.0m)

Long-term Borrowings

(2.0m)(250.0m)(250.0m)

Dividends Paid

(233.0m)(256.0m)(266.0m)(274.0m)(773.0m)(310.0m)

Interest Paid

28.0m27.0m41.0m48.0m65.0m90.0m

Income Taxes Paid

281.0m375.0m430.0m266.0m200.0m201.0m

Quarterly

USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020

Net Income

349.0m526.0m150.0m358.0m186.0m156.0m356.0m545.0m144.0m342.0m524.0m178.0m417.0m607.0m200.0m449.0m676.0m186.0m

Depreciation and Amortization

24.0m36.0m13.0m25.0m13.0m27.0m40.0m15.0m28.0m42.0m15.0m31.0m48.0m18.0m36.0m52.0m18.0m

Accounts Receivable

(102.0m)(20.0m)

Inventories

(109.0m)(100.0m)

Accounts Payable

438.0m549.0m498.0m463.0m554.0m478.0m(1.0m)(34.0m)

Cash From Operating Activities

201.0m390.0m112.0m70.0m147.0m161.0m448.0m128.0m169.0m445.0m102.0m214.0m562.0m126.0m272.0m577.0m72.0m

Cash From Investing Activities

(60.0m)(89.0m)(31.0m)(63.0m)(39.0m)(66.0m)(90.0m)(324.0m)(344.0m)(380.0m)(28.0m)(65.0m)(101.0m)(25.0m)(57.0m)(86.0m)(43.0m)

Short-term Borrowings

6.0m(24.0m)45.0m21.0m111.0m(41.0m)42.0m(13.0m)67.0m

Long-term Borrowings

(1.0m)(2.0m)(250.0m)(250.0m)

Dividends Paid

(109.0m)(171.0m)(62.0m)(124.0m)(65.0m)(130.0m)(199.0m)(67.0m)(134.0m)(203.0m)(70.0m)(140.0m)(216.0m)(76.0m)(152.0m)(231.0m)(79.0m)

Cash From Financing Activities

398.0m

Income Taxes Paid

99.0m72.0m64.0m88.0m80.0m

Brown-Forman Ratios

USDY, 2019

EV/EBIT

97.1 x

EV/CFO

334.6 x

Financial Leverage

3.2 x

Brown-Forman Operating Metrics

FY, 2015FY, 2016FY, 2017

Brands

30 40 40

Countries

160 160 165

Markets

11 13 13

Brown-Forman Employee Rating

4.4329 votes
Culture & Values
4.6
Work/Life Balance
4.2
Senior Management
4.3
Salary & Benefits
4.3
Career Opportunities
3.8
Source