BF-BBrown-Forman Corporation

$12B

Q4 2022 Earnings

Consumer Defensive Beverages - Wineries & Distilleries

Income Statement

Revenue

$996M+22.7% YoY

Gross Profit

$626M62.9% margin

Operating Income

$246M24.7% margin

Net Income

$151M15.2% margin

EPS (Diluted)

$0.31

QoQ Revenue Growth

-4.0%

Cash Flow

Operating Cash Flow

$253M

Free Cash Flow

$180M

Stock-Based Comp.

$4M

Balance Sheet

Total Assets

$6.4B

Total Liabilities

$3.6B

Stockholders' Equity

$2.7B

Cash & Equivalents

$868M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$996M	$812M	+22.7%
Gross Profit	$626M	$498M	+25.7%
Operating Income	$246M	$168M	+46.4%
Net Income	$151M	$120M	+25.8%

Revenue Segments

Whiskey

$801M77%

Wine

$108M10%

Tequila

$98M9%

Rest of portfolio

$16M2%

Non-branded and bulk

$15M1%

BF-B Q4 2022 Earnings — Brown-Forman Corporation Revenue & Financial Results | Market Cap Arena