Brown-Forman Corp (BF-B) financial statements: income statement, balance sheet and cash flow
Brown-Forman Corp's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Apr 30, 2026 · FY), Brown-Forman Corp reported revenue of $5.1B (+0.5% year on year) and net income of $715.0M (-17.7% year on year).
Income statement
Brown-Forman Corp income statement, fiscal years
Line item
Apr 30, 2026 · FY
Apr 30, 2025 · FY
Apr 30, 2024 · FY
Apr 30, 2023 · FY
Sales
$5.1B
$5.1B
$5.3B
$5.4B
Excise taxes
$1.2B
$1.1B
$1.1B
$1.1B
Net sales
$3.9B
$4.0B
$4.2B
$4.2B
Cost of sales
$1.6B
$1.6B
$1.7B
$1.7B
Gross profit
$2.4B
$2.3B
$2.5B
$2.5B
Advertising expenses
$462.0M
$484.0M
$529.0M
$506.0M
Selling, general, and administrative expenses
$807.0M
$744.0M
$826.0M
$742.0M
Restructuring and other charges
$19.0M
—
—
—
Gain on business divestitures
$0
$0
($267.0M)
$0
Other intangible assets impairment
$132.0M
—
—
—
Other expense (income), net
($43.0M)
($52.0M)
$24.0M
$119.0M
Operating income
$1.0B
$1.1B
$1.4B
$1.1B
Non-operating postretirement expense
$27.0M
$4.0M
$3.0M
$29.0M
Interest income
($14.0M)
($17.0M)
($14.0M)
($9.0M)
Interest expense
$103.0M
$122.0M
$127.0M
$90.0M
Equity method investment income and gain on sale
$0
($83.0M)
—
—
Income before income taxes
$885.0M
$1.1B
$1.3B
$1.0B
Income taxes
$170.0M
$212.0M
$274.0M
$234.0M
Net income
$715.0M
$869.0M
$1.0B
$783.0M
Basic (dollars per share)
$1.53
$1.84
$2.15
$1.63
Diluted (dollars per share)
$1.53
$1.84
$2.14
$1.63
Brown-Forman Corp income statement, quarters
Line item
Jul 31, 2026 · Q1
Jan 31, 2026 · Q3
Oct 31, 2025 · Q2
Jul 31, 2025 · Q1
Sales
$1.2B
$1.4B
$1.3B
$1.2B
Excise taxes
$270.0M
$340.0M
$300.0M
$267.0M
Net sales
$911.0M
$1.1B
$1.0B
$924.0M
Cost of sales
$362.0M
$416.0M
$421.0M
$372.0M
Gross profit
$549.0M
$640.0M
$615.0M
$552.0M
Advertising expenses
$114.0M
$120.0M
$126.0M
$120.0M
Selling, general, and administrative expenses
$185.0M
$184.0M
$187.0M
$177.0M
Restructuring and other charges
$0
$3.0M
$4.0M
$12.0M
Other expense (income), net
($2.0M)
($7.0M)
($7.0M)
($17.0M)
Operating income
$252.0M
$340.0M
$305.0M
$260.0M
Non-operating postretirement expense
$1.0M
$3.0M
$3.0M
$19.0M
Interest income
($3.0M)
($4.0M)
($3.0M)
($4.0M)
Interest expense
$25.0M
$26.0M
$26.0M
$25.0M
Income before income taxes
$229.0M
$315.0M
$279.0M
$220.0M
Income taxes
$53.0M
$48.0M
$55.0M
$50.0M
Net income
$176.0M
$267.0M
$224.0M
$170.0M
Basic (dollars per share)
$0.38
$0.58
$0.47
$0.36
Diluted (dollars per share)
$0.38
$0.58
$0.47
$0.36
Balance sheet
Brown-Forman Corp balance sheet, fiscal years
Line item
Apr 30, 2026 · FY
Apr 30, 2025 · FY
Apr 30, 2024 · FY
Apr 30, 2023 · FY
Cash and cash equivalents
$308.0M
$444.0M
$446.0M
$374.0M
Accounts receivable, net
$832.0M
$830.0M
$769.0M
$855.0M
Barreled whiskey
$1.6B
$1.6B
$1.5B
$1.3B
Finished goods
$482.0M
$476.0M
$452.0M
$509.0M
Work in process
$414.0M
$378.0M
$396.0M
$321.0M
Raw materials and supplies
$85.0M
$90.0M
$218.0M
$191.0M
Total inventories
$2.5B
$2.5B
$2.6B
$2.3B
Other current assets
$308.0M
$289.0M
$265.0M
$289.0M
Assets held for sale
$0
$121.0M
—
—
Total current assets
$4.0B
$4.2B
$4.0B
$3.8B
Property, plant, and equipment, net
$1.1B
$1.1B
$1.1B
$1.0B
Goodwill
$1.5B
$1.5B
$1.5B
$1.5B
Other intangible assets
$943.0M
$981.0M
$990.0M
$1.2B
Deferred tax assets
$35.0M
$47.0M
$69.0M
$66.0M
Other assets
$287.0M
$260.0M
$272.0M
$258.0M
Total assets
$7.9B
$8.1B
$8.2B
$7.8B
Accounts payable and accrued expenses
$795.0M
$741.0M
$793.0M
$827.0M
Accrued income taxes
$18.0M
$27.0M
$38.0M
$22.0M
Short-term borrowings
$68.0M
$312.0M
$428.0M
$235.0M
Current portion of long-term debt
$351.0M
$0
$300.0M
$0
Total current liabilities
$1.2B
$1.1B
$1.6B
$1.1B
Long-term debt
$2.1B
$2.4B
$2.4B
$2.7B
Deferred tax liabilities
$207.0M
$241.0M
$315.0M
$323.0M
Accrued pension and other postretirement benefits
$172.0M
$164.0M
$160.0M
$171.0M
Other liabilities
$180.0M
$187.0M
$243.0M
$253.0M
Total liabilities
$3.9B
$4.1B
$4.6B
$4.5B
Common stock
$72.0M
$72.0M
$72.0M
$72.0M
Additional paid-in capital
$62.0M
$36.0M
$13.0M
$1.0M
Retained earnings
$5.0B
$4.7B
$4.3B
$3.6B
Accumulated other comprehensive income (loss), net of tax
($108.0M)
($220.0M)
($221.0M)
($235.0M)
Treasury stock, at cost (11,863,000 and 25,828,000 shares in 2025 and 2026, respectively)
-1.0B
-605.0M
-608.0M
-213.0M
Total stockholders’ equity
$4.0B
$4.0B
$3.5B
$3.3B
Total liabilities and stockholders’ equity
$7.9B
$8.1B
$8.2B
$7.8B
Brown-Forman Corp balance sheet, quarters
Line item
Jul 31, 2026
Jan 31, 2026
Oct 31, 2025
Jul 31, 2025
Cash and cash equivalents
$301.0M
$383.0M
$319.0M
$471.0M
Accounts receivable, less allowance for doubtful accounts of $6 at April 30 and $8 at July 31
$822.0M
$983.0M
$1.0B
$847.0M
Barreled whiskey
$1.5B
$1.6B
$1.6B
$1.6B
Finished goods
$516.0M
$493.0M
$501.0M
$515.0M
Work in process
$424.0M
$413.0M
$389.0M
$385.0M
Raw materials and supplies
$95.0M
$95.0M
$97.0M
$102.0M
Total inventories
$2.6B
$2.6B
$2.6B
$2.6B
Other current assets
$261.0M
$308.0M
$291.0M
$274.0M
Total current assets
$4.0B
$4.2B
$4.2B
$4.2B
Property, plant, and equipment, net
$1.1B
$1.1B
$1.1B
$1.1B
Goodwill
$1.5B
$1.5B
$1.5B
$1.5B
Other intangible assets
$936.0M
$1.1B
$1.1B
$1.1B
Deferred tax assets
$35.0M
$50.0M
$48.0M
$48.0M
Other assets
$283.0M
$283.0M
$276.0M
$273.0M
Total assets
$7.8B
$8.3B
$8.2B
$8.2B
Accounts payable and accrued expenses
$700.0M
$834.0M
$802.0M
$687.0M
Dividends payable
$106.0M
—
—
$107.0M
Accrued income taxes
$49.0M
$40.0M
$39.0M
$77.0M
Short-term borrowings
$358.0M
$300.0M
$228.0M
$282.0M
Current portion of long-term debt
$0
$356.0M
$347.0M
$344.0M
Total current liabilities
$1.2B
$1.5B
$1.4B
$1.5B
Long-term debt
$2.1B
$2.1B
$2.1B
$2.1B
Deferred tax liabilities
$200.0M
$223.0M
$224.0M
$242.0M
Accrued pension and other postretirement benefits
$171.0M
$172.0M
$172.0M
$173.0M
Other liabilities
$189.0M
$206.0M
$203.0M
$196.0M
Total liabilities
$3.9B
$4.2B
$4.1B
$4.2B
Common stock
$72.0M
$72.0M
$72.0M
$72.0M
Additional paid-in capital
$57.0M
$52.0M
$42.0M
$34.0M
Retained earnings
$5.0B
$5.0B
$4.9B
$4.7B
Accumulated other comprehensive income (loss), net of tax
($124.0M)
($88.0M)
($170.0M)
($184.0M)
Treasury stock, at cost (25,828,000 and 25,668,000 shares at April 30 and July 31, respectively)
-998.0M
-1.0B
-700.0M
-600.0M
Total stockholders' equity
$4.0B
$4.1B
$4.1B
$4.0B
Total liabilities and stockholders' equity
$7.8B
$8.3B
$8.2B
$8.2B
Cash flow statement
Brown-Forman Corp cash flow statement, fiscal years
Line item
Apr 30, 2026 · FY
Apr 30, 2025 · FY
Apr 30, 2024 · FY
Apr 30, 2023 · FY
Net income
$715.0M
$869.0M
$1.0B
$783.0M
Gain on business divestitures
$0
$0
($267.0M)
$0
Equity method investment income and gain on sale
$0
($83.0M)
—
—
Other intangible assets impairment
$132.0M
—
—
—
Depreciation and amortization
$92.0M
$87.0M
$87.0M
$80.0M
Stock-based compensation expense
$32.0M
$28.0M
$25.0M
$18.0M
Deferred income tax provision (benefit)
($37.0M)
($39.0M)
$18.0M
($3.0M)
Change in fair value of contingent consideration
($15.0M)
($43.0M)
$9.0M
—
Other, net
($1.0M)
($17.0M)
$7.0M
$18.0M
Accounts receivable
$25.0M
($70.0M)
$88.0M
($21.0M)
Inventories
($22.0M)
($64.0M)
($349.0M)
($403.0M)
Other current assets
($17.0M)
($25.0M)
$23.0M
$4.0M
Accounts payable and accrued expenses
$36.0M
($40.0M)
($31.0M)
$77.0M
Accrued income taxes
($7.0M)
($13.0M)
$17.0M
($57.0M)
Other operating assets and liabilities
$67.0M
($41.0M)
($11.0M)
$48.0M
Cash provided by operating activities
$1.0B
$598.0M
$647.0M
$640.0M
Proceeds from business divestitures
$0
$0
$246.0M
$0
Proceeds from sale of equity method investment
$0
$350.0M
—
—
Additions to property, plant, and equipment
($107.0M)
($167.0M)
($228.0M)
($183.0M)
Proceeds from sale of cooperage assets
$33.0M
—
—
—
Other, net
$3.0M
$66.0M
$31.0M
$23.0M
Cash provided by (used for) investing activities
($71.0M)
$249.0M
$49.0M
($1.4B)
Net change in short term borrowings
($244.0M)
($117.0M)
$192.0M
$234.0M
Repayment of long-term debt
$0
($300.0M)
$0
($250.0M)
Acquisition of treasury stock
($400.0M)
$0
($400.0M)
—
Dividends paid
($427.0M)
($420.0M)
($404.0M)
($378.0M)
Other, net
($3.0M)
($6.0M)
($6.0M)
($15.0M)
Cash used for financing activities
($1.1B)
($843.0M)
($618.0M)
$239.0M
Effect of exchange rate changes on cash, cash equivalents, and restricted cash
$9.0M
$3.0M
($6.0M)
($14.0M)
Net increase (decrease) in cash, cash equivalents, and restricted cash
($136.0M)
$7.0M
$72.0M
($490.0M)
Cash, cash equivalents, and restricted cash at beginning of period
$463.0M
$456.0M
$384.0M
$874.0M
Cash, cash equivalents, and restricted cash at end of period
$327.0M
$463.0M
$456.0M
$384.0M
Less: Restricted cash (included in other current assets) at end of period
($19.0M)
($19.0M)
($10.0M)
($10.0M)
Cash and cash equivalents at end of period
$308.0M
$444.0M
$446.0M
$374.0M
Cash paid for interest
$101.0M
$119.0M
$125.0M
$85.0M
Cash paid for income taxes
$232.0M
$303.0M
$242.0M
$278.0M
Non-cash additions to property, plant, and equipment
$9.0M
$14.0M
$20.0M
—
Brown-Forman Corp cash flow statement, quarters
Line item
Jul 31, 2026 · Q1
Jan 31, 2026 · YTD
Oct 31, 2025 · YTD
Jul 31, 2025 · Q1
Net income
$176.0M
$661.0M
$394.0M
$170.0M
Depreciation and amortization
$23.0M
$68.0M
$44.0M
$22.0M
Stock-based compensation expense
$4.0M
$22.0M
$12.0M
$4.0M
Deferred income tax benefit
($9.0M)
($29.0M)
($27.0M)
($8.0M)
Change in fair value of contingent consideration
$4.0M
($1.0M)
$1.0M
$0
Other, net
$3.0M
($3.0M)
$4.0M
$3.0M
Accounts receivable
$7.0M
($126.0M)
($204.0M)
($13.0M)
Inventories
($39.0M)
($24.0M)
($54.0M)
($61.0M)
Other current assets
$42.0M
($17.0M)
($1.0M)
$15.0M
Accounts payable and accrued expenses
($82.0M)
$77.0M
$63.0M
($46.0M)
Accrued income taxes
$31.0M
$15.0M
$13.0M
$51.0M
Other operating assets and liabilities
$13.0M
$66.0M
$47.0M
$23.0M
Cash provided by operating activities
$173.0M
$709.0M
$292.0M
$160.0M
Additions to property, plant, and equipment
($12.0M)
($81.0M)
($56.0M)
($31.0M)
Proceeds from sale of cooperage assets
$0
$33.0M
$33.0M
$33.0M
Cash provided by (used for) investing activities
($13.0M)
($48.0M)
($23.0M)
$2.0M
Net change in short term borrowings
$289.0M
($13.0M)
($84.0M)
($30.0M)
Repayment of long-term debt
($343.0M)
—
—
—
Payments of withholding taxes related to stock-based awards
($3.0M)
($1.0M)
($1.0M)
($1.0M)
Dividends paid
($106.0M)
($321.0M)
($214.0M)
($107.0M)
Other, net
($1.0M)
($2.0M)
($1.0M)
—
Cash used for financing activities
($164.0M)
($737.0M)
($399.0M)
($138.0M)
Effect of exchange rate changes on cash, cash equivalents, and restricted cash
($3.0M)
$15.0M
$5.0M
$3.0M
Net increase (decrease) in cash, cash equivalents, and restricted cash
($7.0M)
($61.0M)
($125.0M)
$27.0M
Cash, cash equivalents, and restricted cash at beginning of period
$327.0M
$463.0M
$463.0M
$463.0M
Cash, cash equivalents, and restricted cash at end of period
$320.0M
$402.0M
$338.0M
$490.0M
Less: Restricted cash (included in other current assets) at end of period
($19.0M)
($19.0M)
($19.0M)
($19.0M)
Cash and cash equivalents at end of period
$301.0M
$383.0M
$319.0M
$471.0M
Non-cash additions to property, plant and equipment
$4.0M
$2.0M
$5.0M
$2.0M
Right-of-use assets obtained in exchange for new lease obligations