BF-BBrown-Forman Corporation

$11B

Q1 2019 Earnings

Consumer Defensive Beverages - Wineries & Distilleries

Income Statement

Revenue

$766M+5.9% YoY

Gross Profit

$523M68.3% margin

Operating Income

$264M34.5% margin

Net Income

$200M26.1% margin

EPS (Diluted)

$0.41

QoQ Revenue Growth

+4.5%

Cash Flow

Operating Cash Flow

$126M

Free Cash Flow

$103M

Stock-Based Comp.

$5M

Balance Sheet

Total Assets

$5.0B

Total Liabilities

$3.7B

Stockholders' Equity

$1.4B

Cash & Equivalents

$211M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$766M	$723M	+5.9%
Gross Profit	$523M	$493M	+6.1%
Operating Income	$264M	$246M	+7.3%
Net Income	$200M	$178M	+12.4%

Revenue Segments

Whiskey

$602M79%

Tequila

$62M8%

Wine

$40M5%

Vodka

$26M3%

Non-branded and bulk

$25M3%

Rest of portfolio

$11M1%

BF-B Q1 2019 Earnings — Brown-Forman Corporation Revenue & Financial Results | Market Cap Arena