10-Q Filing

NATIONAL BEVERAGE CORP CIK: 69891 Q1 2019

Filing Information

Form Type	10-Q
Accession Number	`0001437749-18-016659`
Period End Date	20180731
Filing Date	20180906
Fiscal Year	2019
Fiscal Period	Q1
XBRL Instance	fizz-20180728.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 61 Income Statement 26 Cash Flow Statement 46 Stockholders Equity 10 Comprehensive Income 6

Balance Sheet 61 line items

Line Item	Tag	Value	Unit	Period
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$1.00	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$1.00	USD	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Cash and equivalents	`CashAndCashEquivalentsAtCarryingValue`	$189.86M	USD	Point-in-time
Cash and equivalents	`CashAndCashEquivalentsAtCarryingValue`	$243.04M	USD	Point-in-time
Cash and equivalents	`CashAndCashEquivalentsAtCarryingValue`	$136.37M	USD	Point-in-time
Cash and equivalents	`CashAndCashEquivalentsAtCarryingValue`	$175.91M	USD	Point-in-time
Trade receivables - net	`AccountsReceivableNetCurrent`	$84.36M	USD	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	150,000.00	shares	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	150,000.00	shares	Point-in-time
Trade receivables - net	`AccountsReceivableNetCurrent`	$94.67M	USD	Point-in-time
Inventories	`InventoryNet`	$60.92M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Inventories	`InventoryNet`	$67.81M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Prepaid and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$17.82M	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	200.00M	shares	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	200.00M	shares	Point-in-time
Prepaid and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$9.04M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$352.97M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	50.65M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$414.57M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	50.66M	shares	Point-in-time
Property, plant and equipment - net	`PropertyPlantAndEquipmentNet`	$88.61M	USD	Point-in-time
Property, plant and equipment - net	`PropertyPlantAndEquipmentNet`	$85.81M	USD	Point-in-time
Goodwill	`Goodwill`	$13.14M	USD	Point-in-time
Goodwill	`Goodwill`	$13.14M	USD	Point-in-time
Intangible assets	`IntangibleAssetsNetExcludingGoodwill`	$1.61M	USD	Point-in-time
Intangible assets	`IntangibleAssetsNetExcludingGoodwill`	$1.61M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$5.21M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$5.30M	USD	Point-in-time
Total assets	`Assets`	$523.15M	USD	Point-in-time
Total assets	`Assets`	$458.83M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$82.81M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$74.85M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$29.55M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$29.72M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$99.00K	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$8.56M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$104.67M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$120.91M	USD	Point-in-time
Deferred income taxes net	`DeferredTaxLiabilitiesNoncurrent`	$14.50M	USD	Point-in-time
Deferred income taxes net	`DeferredTaxLiabilitiesNoncurrent`	$15.54M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$8.30M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$8.22M	USD	Point-in-time
Preferred stock, $1 par value - 1,000,000 shares authorized: Series C - 150,000 shares issued	`PreferredStockValue`	$150.00K	USD	Point-in-time
Preferred stock, $1 par value - 1,000,000 shares authorized: Series C - 150,000 shares issued	`PreferredStockValue`	$150.00K	USD	Point-in-time
Common stock, $.01 par value - 200,000,000 shares authorized; 50,657,784 shares issued (50,650,784 shares at April 28)	`CommonStockValue`	$507.00K	USD	Point-in-time
Common stock, $.01 par value - 200,000,000 shares authorized; 50,657,784 shares issued (50,650,784 shares at April 28)	`CommonStockValue`	$507.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$36.36M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$36.52M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$356.65M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$307.82M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$4.60M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$2.56M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$213.47M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$378.39M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$331.44M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$523.15M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$458.83M	USD	Point-in-time

Income Statement 26 line items

Line Item	Tag	Value	Unit	Period
Net sales	`Revenues`	$259.83M	USD	1 Quarter
Net sales	`Revenues`	$292.59M	USD	1 Quarter
Cost of sales	`CostOfRevenue`	$155.33M	USD	1 Quarter
Cost of sales	`CostOfRevenue`	$176.90M	USD	1 Quarter
Gross profit	`GrossProfit`	$115.69M	USD	1 Quarter
Gross profit	`GrossProfit`	$104.50M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$46.72M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$52.69M	USD	1 Quarter
Interest expense	`InterestExpense`	$50.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$50.00K	USD	1 Quarter
Other income - net	`OtherNonoperatingIncomeExpense`	$311.00K	USD	1 Quarter
Other income - net	`OtherNonoperatingIncomeExpense`	$855.00K	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$63.81M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$58.04M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$19.77M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$14.98M	USD	1 Quarter
Net income	`NetIncomeLoss`	$38.27M	USD	1 Quarter
Net income	`NetIncomeLoss`	$48.83M	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$1.05	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.82	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.82	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$1.04	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	46.59M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	46.62M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	46.92M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	46.92M	shares	1 Quarter

Cash Flow Statement 46 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$38.27M	USD	1 Quarter
Net income	`NetIncomeLoss`	$48.83M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$3.96M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$3.53M	USD	1 Quarter
Deferred income tax provision	`DeferredIncomeTaxExpenseBenefit`	$108.00K	USD	1 Quarter
Deferred income tax provision	`DeferredIncomeTaxExpenseBenefit`	$1.59M	USD	1 Quarter
Loss on disposal of property, net	`GainLossOnDispositionOfAssets1`	$-1.00K	USD	1 Quarter
Loss on disposal of property, net	`GainLossOnDispositionOfAssets1`	$-6.00K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$40.00K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$41.00K	USD	1 Quarter
Trade receivables	`IncreaseDecreaseInAccountsReceivable`	$14.82M	USD	1 Quarter
Trade receivables	`IncreaseDecreaseInAccountsReceivable`	$10.31M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$6.89M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$3.97M	USD	1 Quarter
Prepaid and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$656.00K	USD	1 Quarter
Prepaid and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-769.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$7.95M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-3.76M	USD	1 Quarter
Accrued and other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$24.79M	USD	1 Quarter
Accrued and other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$13.35M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$59.28M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$43.54M	USD	1 Quarter
Additions to property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$6.23M	USD	1 Quarter
Additions to property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$4.05M	USD	1 Quarter
Proceeds from sale of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$1.00K	USD	1 Quarter
Proceeds from sale of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$9.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-4.04M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-6.22M	USD	1 Quarter
Proceeds from stock options exercised	`ProceedsFromStockOptionsExercised`	$46.00K	USD	1 Quarter
Proceeds from stock options exercised	`ProceedsFromStockOptionsExercised`	$123.00K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$123.00K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$46.00K	USD	1 Quarter
Net Increase in Cash and Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$39.54M	USD	1 Quarter
Net Increase in Cash and Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$53.18M	USD	1 Quarter
Cash and Equivalents - Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$189.86M	USD	Point-in-time
Cash and Equivalents - Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$243.04M	USD	Point-in-time
Cash and Equivalents - Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$136.37M	USD	Point-in-time
Cash and Equivalents - Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$175.91M	USD	Point-in-time
Cash and Equivalents - End of Period	`CashAndCashEquivalentsAtCarryingValue`	$189.86M	USD	Point-in-time
Cash and Equivalents - End of Period	`CashAndCashEquivalentsAtCarryingValue`	$243.04M	USD	Point-in-time
Cash and Equivalents - End of Period	`CashAndCashEquivalentsAtCarryingValue`	$136.37M	USD	Point-in-time
Cash and Equivalents - End of Period	`CashAndCashEquivalentsAtCarryingValue`	$175.91M	USD	Point-in-time
Interest paid	`InterestPaidNet`	$13.00K	USD	1 Quarter
Interest paid	`InterestPaidNet`	$25.00K	USD	1 Quarter
Income taxes paid	`IncomeTaxesPaid`	$2.00K	USD	1 Quarter
Income taxes paid	`IncomeTaxesPaid`	$648.00K	USD	1 Quarter

Stockholders Equity 10 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$213.47M	USD	Point-in-time
Balance	`StockholdersEquity`	$378.39M	USD	Point-in-time
Balance	`StockholdersEquity`	$331.44M	USD	Point-in-time
Balance	`StockholdersEquity`	$213.47M	USD	Point-in-time
Balance	`StockholdersEquity`	$378.39M	USD	Point-in-time
Balance	`StockholdersEquity`	$331.44M	USD	Point-in-time
Net income	`NetIncomeLoss`	$38.27M	USD	1 Quarter
Net income	`NetIncomeLoss`	$48.83M	USD	1 Quarter
Cash flow hedges, net of tax	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax`	$-628.00K	USD	1 Quarter
Cash flow hedges, net of tax	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax`	$-2.04M	USD	1 Quarter

Comprehensive Income 6 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$38.27M	USD	1 Quarter
Net income	`NetIncomeLoss`	$48.83M	USD	1 Quarter
Cash flow hedges	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax`	$-628.00K	USD	1 Quarter
Cash flow hedges	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax`	$-2.04M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$37.64M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$46.79M	USD	1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.