10-Q Filing

NATIONAL BEVERAGE CORP CIK: 69891 Q2 2019

Filing Information

Form Type	10-Q
Accession Number	`0001437749-18-021683`
Period End Date	20181031
Filing Date	20181206
Fiscal Year	2019
Fiscal Period	Q2
XBRL Instance	fizz-20181027.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 61 Income Statement 52 Cash Flow Statement 50 Stockholders Equity 16 Comprehensive Income 12

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
Cash and equivalents	`CashAndCashEquivalentsAtCarryingValue`	$128.84M	USD	Point-in-time
Cash and equivalents	`CashAndCashEquivalentsAtCarryingValue`	$250.06M	USD	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`	$136.37M	USD	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Trade receivables - net	`AccountsReceivableNetCurrent`	$84.31M	USD	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	150,000.00	shares	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
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Inventories	`InventoryNet`	$60.92M	USD	Point-in-time
Inventories	`InventoryNet`	$80.83M	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	200.00M	shares	Point-in-time
Prepaid and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$17.82M	USD	Point-in-time
Prepaid and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$13.76M	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	200.00M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$352.97M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	50.67M	shares	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	50.67M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$428.96M	USD	Point-in-time
Property, plant and equipment - net	`PropertyPlantAndEquipmentNet`	$85.81M	USD	Point-in-time
Property, plant and equipment - net	`PropertyPlantAndEquipmentNet`	$95.78M	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`	$4.69M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$5.30M	USD	Point-in-time
Total assets	`Assets`	$544.20M	USD	Point-in-time
Total assets	`Assets`	$458.83M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$77.94M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$74.85M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$25.57M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$29.72M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	-	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$99.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$104.67M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$103.51M	USD	Point-in-time
Deferred income taxes net	`DeferredTaxLiabilitiesNoncurrent`	$14.50M	USD	Point-in-time
Deferred income taxes net	`DeferredTaxLiabilitiesNoncurrent`	$15.97M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$7.68M	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; 50,669,284 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; 50,669,284 shares issued (50,650,784 shares at April 28)	`CommonStockValue`	$507.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$36.80M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$36.36M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$307.82M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$397.73M	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-155.00K	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$4.60M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$331.44M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$250.97M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$417.03M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$544.20M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$458.83M	USD	Point-in-time

Income Statement 52 line items

Line Item	Tag	Value	Unit	Period
Net sales	`Revenues`	$503.95M	USD	2 Qtrs
Net sales	`Revenues`	$244.12M	USD	1 Quarter
Net sales	`Revenues`	$553.30M	USD	2 Qtrs
Net sales	`Revenues`	$260.71M	USD	1 Quarter
Cost of sales	`CostOfRevenue`	$303.37M	USD	2 Qtrs
Cost of sales	`CostOfRevenue`	$148.04M	USD	1 Quarter
Cost of sales	`CostOfRevenue`	$334.08M	USD	2 Qtrs
Cost of sales	`CostOfRevenue`	$157.19M	USD	1 Quarter
Gross profit	`GrossProfit`	$96.08M	USD	1 Quarter
Gross profit	`GrossProfit`	$103.52M	USD	1 Quarter
Gross profit	`GrossProfit`	$200.58M	USD	2 Qtrs
Gross profit	`GrossProfit`	$219.22M	USD	2 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$45.42M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$92.15M	USD	2 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$51.37M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$104.06M	USD	2 Qtrs
Interest expense	`InterestExpense`	$101.00K	USD	2 Qtrs
Interest expense	`InterestExpense`	$51.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$101.00K	USD	2 Qtrs
Interest expense	`InterestExpense`	$51.00K	USD	1 Quarter
Other income - net	`OtherNonoperatingIncomeExpense`	$617.00K	USD	2 Qtrs
Other income - net	`OtherNonoperatingIncomeExpense`	$2.04M	USD	2 Qtrs
Other income - net	`OtherNonoperatingIncomeExpense`	$306.00K	USD	1 Quarter
Other income - net	`OtherNonoperatingIncomeExpense`	$1.19M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$50.91M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$117.10M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$108.95M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$53.29M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$27.20M	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$16.93M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$36.70M	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$12.22M	USD	1 Quarter
Net income	`NetIncomeLoss`	$89.91M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$72.25M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$33.98M	USD	1 Quarter
Net income	`NetIncomeLoss`	$41.08M	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.88	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.73	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$1.93	USD	2 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$1.55	USD	2 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.88	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$1.92	USD	2 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.72	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$1.54	USD	2 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	46.59M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	46.63M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	46.62M	shares	2 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	46.59M	shares	2 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	46.92M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	46.93M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	46.92M	shares	2 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	46.92M	shares	2 Qtrs

Cash Flow Statement 50 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$89.91M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$72.25M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$33.98M	USD	1 Quarter
Net income	`NetIncomeLoss`	$41.08M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$7.09M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$7.36M	USD	2 Qtrs
Deferred income tax provision	`DeferredIncomeTaxExpenseBenefit`	$214.00K	USD	2 Qtrs
Deferred income tax provision	`DeferredIncomeTaxExpenseBenefit`	$2.82M	USD	2 Qtrs
Gain on sale of property, net	`GainLossOnDispositionOfAssets1`	$-3.00K	USD	2 Qtrs
Gain on sale of property, net	`GainLossOnDispositionOfAssets1`	-	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$80.00K	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$117.00K	USD	2 Qtrs
Trade receivables	`IncreaseDecreaseInAccountsReceivable`	$8.97M	USD	2 Qtrs
Trade receivables	`IncreaseDecreaseInAccountsReceivable`	$-50.00K	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$19.91M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$6.37M	USD	2 Qtrs
Prepaid and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$8.00M	USD	2 Qtrs
Prepaid and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$1.07M	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$6.63M	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$3.09M	USD	2 Qtrs
Accrued and other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$2.49M	USD	2 Qtrs
Accrued and other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$741.00K	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$72.34M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$76.17M	USD	2 Qtrs
Additions to property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$10.32M	USD	2 Qtrs
Additions to property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$16.30M	USD	2 Qtrs
Proceeds from sale of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$39.00K	USD	2 Qtrs
Proceeds from sale of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$1.00K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-16.30M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-10.28M	USD	2 Qtrs
Dividends paid on common stock	`PaymentsOfDividendsCommonStock`	$69.88M	USD	2 Qtrs
Dividends paid on common stock	`PaymentsOfDividendsCommonStock`	-	USD	2 Qtrs
Proceeds from stock options exercised	`ProceedsFromStockOptionsExercised`	$325.00K	USD	2 Qtrs
Proceeds from stock options exercised	`ProceedsFromStockOptionsExercised`	$282.00K	USD	2 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-69.60M	USD	2 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$325.00K	USD	2 Qtrs
Net Increase (Decrease) in Cash and Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-7.54M	USD	2 Qtrs
Net Increase (Decrease) in Cash and Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$60.20M	USD	2 Qtrs
Cash and Equivalents - Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$128.84M	USD	Point-in-time
Cash and Equivalents - Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$250.06M	USD	Point-in-time
Cash and Equivalents - Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$189.86M	USD	Point-in-time
Cash and Equivalents - Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$136.37M	USD	Point-in-time
Cash and Equivalents - End of Period	`CashAndCashEquivalentsAtCarryingValue`	$128.84M	USD	Point-in-time
Cash and Equivalents - End of Period	`CashAndCashEquivalentsAtCarryingValue`	$250.06M	USD	Point-in-time
Cash and Equivalents - End of Period	`CashAndCashEquivalentsAtCarryingValue`	$189.86M	USD	Point-in-time
Cash and Equivalents - End of Period	`CashAndCashEquivalentsAtCarryingValue`	$136.37M	USD	Point-in-time
Interest paid	`InterestPaidNet`	$38.00K	USD	2 Qtrs
Interest paid	`InterestPaidNet`	$38.00K	USD	2 Qtrs
Income taxes paid	`IncomeTaxesPaid`	$23.84M	USD	2 Qtrs
Income taxes paid	`IncomeTaxesPaid`	$37.64M	USD	2 Qtrs

Stockholders Equity 16 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$331.44M	USD	Point-in-time
Balance	`StockholdersEquity`	$250.97M	USD	Point-in-time
Balance	`StockholdersEquity`	$417.03M	USD	Point-in-time
Balance	`StockholdersEquity`	$331.44M	USD	Point-in-time
Balance	`StockholdersEquity`	$250.97M	USD	Point-in-time
Balance	`StockholdersEquity`	$417.03M	USD	Point-in-time
Stock-based tax benefits	`AdjustmentsToAdditionalPaidInCapitalTaxEffectFromShareBasedCompensation`	-	USD	2 Qtrs
Stock-based tax benefits	`AdjustmentsToAdditionalPaidInCapitalTaxEffectFromShareBasedCompensation`	-	USD	2 Qtrs
Net income	`NetIncomeLoss`	$89.91M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$72.25M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$33.98M	USD	1 Quarter
Net income	`NetIncomeLoss`	$41.08M	USD	1 Quarter
Cash flow hedges, net of tax	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax`	$3.25M	USD	1 Quarter
Cash flow hedges, net of tax	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax`	$-4.76M	USD	2 Qtrs
Cash flow hedges, net of tax	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax`	$-2.72M	USD	1 Quarter
Cash flow hedges, net of tax	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax`	$2.62M	USD	2 Qtrs

Comprehensive Income 12 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$89.91M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$72.25M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$33.98M	USD	1 Quarter
Net income	`NetIncomeLoss`	$41.08M	USD	1 Quarter
Cash flow hedges	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax`	$3.25M	USD	1 Quarter
Cash flow hedges	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax`	$-4.76M	USD	2 Qtrs
Cash flow hedges	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax`	$-2.72M	USD	1 Quarter
Cash flow hedges	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax`	$2.62M	USD	2 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$37.23M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$38.36M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$74.87M	USD	2 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$85.15M	USD	2 Qtrs

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