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Brown Forman Corp – ‘10-Q’ for 10/31/19 – ‘R8’

On:  Thursday, 12/5/19, at 2:10pm ET   ·   For:  10/31/19   ·   Accession #:  14693-19-188   ·   File #:  1-00123

Previous ‘10-Q’:  ‘10-Q’ on 8/28/19 for 7/31/19   ·   Next:  ‘10-Q’ on 3/4/20 for 1/31/20   ·   Latest:  ‘10-Q’ on 3/6/24 for 1/31/24

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  As Of               Filer                 Filing    For·On·As Docs:Size

12/05/19  Brown Forman Corp                 10-Q       10/31/19   75:8.1M

Quarterly Report   —   Form 10-Q   —   Sect. 13 / 15(d) – SEA’34
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-Q        Quarterly Report                                    HTML    993K 
 2: EX-31.1     Certification -- §302 - SOA'02                      HTML     29K 
 3: EX-31.2     Certification -- §302 - SOA'02                      HTML     29K 
 4: EX-32       Certification -- §906 - SOA'02                      HTML     26K 
61: R1          Document and Entity Information                     HTML     83K 
37: R2          Condensed Consolidated Statements of Operations     HTML     76K 
                (Unaudited)                                                      
15: R3          Condensed Consolidated Statements of Comprehensive  HTML     47K 
                Income (Unaudited)                                               
49: R4          Condensed Consolidated Balance Sheets (Unaudited)   HTML    124K 
62: R5          Condensed Consolidated Balance Sheets               HTML     36K 
                (Parenthetical) (Unaudited)                                      
38: R6          Condensed Consolidated Statements of Cash Flows     HTML     96K 
                (Unaudited)                                                      
16: R7          Condensed Consolidated Financial Statements         HTML     29K 
52: R8          Earnings Per Share                                  HTML     52K 
59: R9          Inventories                                         HTML     24K 
34: R10         Goodwill and Other Intangible Assets                HTML     31K 
13: R11         Commitments and Contingencies                       HTML     27K 
54: R12         Debt                                                HTML     41K 
65: R13         Stockholders' Equity                                HTML    194K 
33: R14         Net Sales                                           HTML     75K 
11: R15         Pension and Other Postretirement Benefits           HTML     61K 
53: R16         Income Taxes                                        HTML     25K 
64: R17         Derivative Financial Instruments and Hedging        HTML    130K 
                Activities                                                       
35: R18         Fair Value Measurements                             HTML     52K 
10: R19         Leases                                              HTML     58K 
47: R20         Other Comprehensive Income                          HTML    146K 
74: R21         Acquisition of Business                             HTML     26K 
32: R22         Condensed Consolidated Financial Statements         HTML     26K 
                (Policies)                                                       
26: R23         Inventories (Policies)                              HTML     25K 
46: R24         Derivative Financial Instruments and Hedging        HTML     26K 
                Activities (Policies)                                            
73: R25         Leases (Policies)                                   HTML     24K 
31: R26         Earnings Per Share (Tables)                         HTML     50K 
25: R27         Goodwill and Other Intangible Assets (Tables)       HTML     31K 
45: R28         Debt (Tables)                                       HTML     48K 
75: R29         Stockholders' Equity (Tables)                       HTML    197K 
60: R30         Net Sales (Tables)                                  HTML     74K 
48: R31         Pension and Other Postretirement Benefits (Tables)  HTML     63K 
14: R32         Derivative Financial Instruments and Hedging        HTML    121K 
                Activities (Tables)                                              
36: R33         Fair Value Measurements (Tables)                    HTML     46K 
63: R34         Leases (Tables)                                     HTML     62K 
50: R35         Other Comprehensive Income (Tables)                 HTML    146K 
17: R36         Condensed Consolidated Financial Statements         HTML     33K 
                (Details)                                                        
39: R37         Earnings Per Share (Details)                        HTML     44K 
58: R38         Earnings Per Share (Details Textual)                HTML     24K 
51: R39         Inventories (Details)                               HTML     23K 
71: R40         Goodwill and Other Intangible Assets (Details)      HTML     37K 
42: R41         Commitments and Contingencies (Details)             HTML     31K 
21: R42         Debt (Details)                                      HTML     64K 
27: R43         Debt Short-term Borrowings (Details)                HTML     27K 
72: R44         Stockholders' Equity (Details)                      HTML     82K 
43: R45         Stockholders' Equity Accumulated Other              HTML     50K 
                Comprehensive Income (Details)                                   
22: R46         Stockholders' Equity Dividends (Details)            HTML     39K 
28: R47         Net Sales by Geography (Details)                    HTML     39K 
70: R48         Net Sales by Product Category (Details)             HTML     41K 
44: R49         Pension and Other Postretirement Benefits           HTML     51K 
                (Details)                                                        
57: R50         Income Taxes (Details)                              HTML     25K 
67: R51         Derivative Financial Instruments and Hedging        HTML     54K 
                Activities (Details)                                             
41: R52         Derivative Financial Instruments and Hedging        HTML     45K 
                Activities (Details 1)                                           
20: R53         Derivative Financial Instruments and Hedging        HTML     40K 
                Activities (Details Textual)                                     
56: R54         Offsetting Derivative Assets and Liabilities        HTML     52K 
                (Details)                                                        
66: R55         Fair Value Measurements (Details)                   HTML     54K 
40: R56         Leases ROU Assets and Liabilities (Details)         HTML     37K 
18: R57         Lease Cost and Other Information (Details)          HTML     29K 
55: R58         Future Operating Lease Payments (Details)           HTML     45K 
68: R59         Future Operating Lease Payments Under ASC 840       HTML     41K 
                (Details)                                                        
30: R60         Other Comprehensive Income (Details)                HTML     77K 
23: R61         Acquisition of Business (Details)                   HTML     37K 
29: XML         IDEA XML File -- Filing Summary                      XML    134K 
24: XML         XBRL Instance -- bfb-10312019x10qoctober_htm         XML   2.33M 
12: EXCEL       IDEA Workbook of Financial Reports                  XLSX     66K 
 6: EX-101.CAL  XBRL Calculations -- bfb-20191031_cal                XML    222K 
 7: EX-101.DEF  XBRL Definitions -- bfb-20191031_def                 XML    535K 
 8: EX-101.LAB  XBRL Labels -- bfb-20191031_lab                      XML   1.33M 
 9: EX-101.PRE  XBRL Presentations -- bfb-20191031_pre               XML    778K 
 5: EX-101.SCH  XBRL Schema -- bfb-20191031                          XSD    140K 
69: JSON        XBRL Instance as JSON Data -- MetaLinks              311±   452K 
19: ZIP         XBRL Zipped Folder -- 0000014693-19-000188-xbrl      Zip    230K

‘R8’   —   Earnings Per Share

This is an IDEA Financial Report.  [ Alternative Formats ]

 
v3.19.3
Earnings Per Share
 6 Months Ended
Earnings Per Share [Abstract]  
Earnings Per Share Earnings Per Share 
We calculate basic earnings per share by dividing net income available to common stockholders by the weighted average number of common shares outstanding during the period. Diluted earnings per share further includes the dilutive effect of stock-based compensation awards. We calculate that dilutive effect using the “treasury stock method” (as defined by GAAP).

The following table presents information concerning basic and diluted earnings per share:
 
Three Months Ended
 
Six Months Ended
 
October 31,
 
October 31,
(Dollars in millions, except per share amounts)
2018
 
2019
 
2018
 
2019
Net income available to common stockholders
$
249

 
$
282

 
$
449

 
$
468

 
 
 
 
 
 
 
 
Share data (in thousands):
 
 
 
 
 
 
 
Basic average common shares outstanding
480,436

 
477,680

 
480,647

 
477,522

Dilutive effect of stock-based awards
3,155

 
2,801

 
3,316

 
2,760

Diluted average common shares outstanding
483,591

 
480,481

 
483,963

 
480,282

 
 
 
 
 
 
 
 
Basic earnings per share
$
0.52

 
$
0.59

 
$
0.93

 
$
0.98

Diluted earnings per share
$
0.52

 
$
0.59

 
$
0.93

 
$
0.97



We excluded common stock-based awards for approximately 595,000 shares and 522,000 shares from the calculation of diluted earnings per share for the three months ended October 31, 2018 and 2019, respectively. We excluded common stock-based awards for approximately 347,000 shares and 442,000 shares from the calculation of diluted earnings per share for the six months ended October 31, 2018 and 2019, respectively. We excluded those awards because they were not dilutive for those periods under the treasury stock method.

Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘10-Q’ Filing    Date    Other Filings
Filed on:12/5/198-K
For Period end:10/31/194
10/31/1810-Q,  4
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Filing Submission 0000014693-19-000188   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)
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