BROWN FORMAN CORP

Listed Company

BF-ACIK 0000014693NYSELarge AcceleratedBeveragesDelawareFY ends Apr 30

Period

FY 2026

Revenue

$3.93B

Net Income

$715.00M

Total Assets

$7.89B

Equity

$4.02B

Shares Out

472.67M

Op. Cash Flow

$1.00B

Business

Brown-Forman Corporation manufactures, distills, bottles, imports, exports, and markets a portfolio of over 40 premium spirits and ready-to-drink cocktail brands, including Jack Daniel's Tennessee Whiskey, Old Forester bourbon, Woodford Reserve, and tequila brands Herradura and el Jimador. The company operates through owned distribution in 18 countries and partner distribution in many others, selling in over 170 countries with the United States representing a significant share of net sales. Key segments include American whiskeys, tequilas, Scotch and Irish whiskies, rums, gins, liqueurs, and ready-to-drink cocktails.

Summary from 10-K filed 2026-06-12

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2026 2026-04-30	FY 2025 2025-04-30	FY 2024 2024-04-30	FY 2023 2023-04-30	FY 2022 2022-04-30
Sales	5,082	5,056	5,328	5,372	5,081
Excise taxes	1,154	1,081	1,150	1,144	1,148
Net sales	3,928	3,975	4,178	4,228	3,933
Cost of sales	1,550	1,632	1,652	1,734	1,542
Gross profit	2,378	2,343	2,526	2,494	2,391
Advertising expenses	462	484	529	506	438
Selling, general, and administrative expenses	807	744	826	742	690
Restructuring and other charges	19	60	0	—	—
Gain on business divestitures	0	0	−267	0	0
Other intangible assets impairment	132	47	7	—	—
Other expense (income), net	−43	−99	17	119	59
Operating income	1,001	1,107	1,414	1,127	1,204
Non-operating postretirement expense	27	4	3	29	13
Interest income	−14	−17	−14	−9	−5
Interest expense	103	122	127	90	82
Equity method investment income and gain on sale	0	−83	0	0	—
Income before income taxes	885	1,081	1,298	1,017	1,114
Income taxes	170	212	274	234	276
Net income	715	869	1,024	783	838
Basic (dollars per share)	1.53	1.84	2.15	1.63	1.75
Diluted (dollars per share)	1.53	1.84	2.14	1.63	1.74

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2026 2026-04-30	FY 2025 2025-04-30	FY 2024 2024-04-30	FY 2023 2023-04-30	FY 2022 2022-04-30
Cash and cash equivalents	308	444	446	374	868
Accounts receivable, net	832	830	769	855	813
Barreled whiskey	1,562	1,567	1,490	1,262	1,155
Finished goods	482	476	452	509	312
Work in process	414	378	396	321	225
Raw materials and supplies	85	90	218	191	126
Total inventories	2,543	2,511	2,556	2,283	1,818
Other current assets	308	289	265	289	277
Assets held for sale	0	121	0	—	—
Total current assets	3,991	4,195	4,036	3,801	3,776
Property, plant, and equipment, net	1,116	1,095	1,074	1,031	875
Goodwill	1,522	1,505	1,455	1,457	761
Other intangible assets	943	981	990	1,164	586
Deferred tax assets	35	47	69	66	74
Other assets	287	263	272	255	301
Total assets	7,894	8,086	8,166	7,777	6,373
Accounts payable and accrued expenses	795	741	793	827	703
Accrued income taxes	18	27	38	22	81
Short-term borrowings	68	312	428	235	0
Current portion of long-term debt	351	0	300	0	250
Total current liabilities	1,232	1,080	1,559	1,084	1,034
Long-term debt	2,083	2,421	2,372	2,678	2,019
Deferred tax liabilities	207	241	315	323	219
Accrued pension and other postretirement benefits	172	164	160	171	183
Other liabilities	180	187	243	253	181
Total liabilities	3,874	4,093	4,649	4,509	3,636
Commitments and contingencies	—	—	—	—	—
Additional paid-in capital	62	36	13	1	0
Retained earnings	4,998	4,710	4,261	3,643	3,242
Accumulated other comprehensive income (loss), net of tax	−108	−220	−221	−235	−352
Treasury stock, at cost (11,863,000 and 25,828,000 shares in 2025 and 2026, respectively)	−1,004	−605	−608	−213	−225
Total stockholders equity	4,020	3,993	3,517	3,268	2,737
Total liabilities and stockholders equity	7,894	8,086	8,166	7,777	6,373

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2026 2026-04-30	FY 2025 2025-04-30	FY 2024 2024-04-30	FY 2023 2023-04-30	FY 2022 2022-04-30
Depreciation and amortization	92	87	87	80	79
Stock-based compensation expense	32	28	25	18	15
Deferred income tax provision (benefit)	−37	−39	18	−3	−11
Change in fair value of contingent consideration	−15	−43	9	0	0
Other, net	−1	−15	7	18	31
Accounts receivable	25	−70	88	−21	−77
Inventories	−22	−64	−349	−403	−93
Other current assets	−17	−25	23	4	15
Accounts payable and accrued expenses	36	−40	−31	77	37
Accrued income taxes	−7	−13	17	−57	47
Other operating assets and liabilities	67	−41	−11	48	−6
Cash provided by operating activities	1,000	598	647	640	936
Proceeds from business divestitures	0	0	246	0	0
Proceeds from sale of equity method investment	0	350	0	0	—
Additions to property, plant, and equipment	−107	−167	−228	−183	−138
Proceeds from sale of cooperage assets	33	51	0	—	—
Other, net	3	15	31	23	11
Cash provided by (used for) investing activities	−71	249	49	−1,355	−127
Net change in short term borrowings	−244	−117	192	234	−196
Repayment of long-term debt	0	−300	0	−250	0
Acquisition of treasury stock	−400	0	−400	0	0
Dividends paid	−427	−420	−404	−378	−831
Other, net	−3	−6	−6	−15	−11
Cash used for financing activities	−1,074	−843	−618	239	−1,038
Effect of exchange rate changes on cash, cash equivalents, and restricted cash	9	3	−6	−14	−47
Net increase (decrease) in cash, cash equivalents, and restricted cash	−136	7	72	−490	−276
Cash paid for interest	101	119	125	85	80
Cash paid for income taxes	232	303	242	278	226
Non-cash additions to property, plant, and equipment	9	14	20	27	15

Filings

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Frequently asked questions

What is BROWN FORMAN CORP's CIK number?

BROWN FORMAN CORP's SEC CIK number is 0000014693 (14693). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.

Where can I find BROWN FORMAN CORP's SEC filings?

All of BROWN FORMAN CORP's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.

When did BROWN FORMAN CORP last report earnings?

BROWN FORMAN CORP (BF-A) most recently filed an earnings 8-K with the SEC on Jun 4, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0000014693-26-000018). This is BROWN FORMAN CORP's most recent earnings filing of record — not a forecast of its next earnings date.

What is BROWN FORMAN CORP's most recent earnings 8-K?

BROWN FORMAN CORP's latest earnings 8-K (Item 2.02) was filed Jun 4, 2026 under accession 0000014693-26-000018. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.

View BROWN FORMAN CORP's latest earnings 8-K →
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