10-Q Filing

NATIONAL BEVERAGE CORP CIK: 69891 Q3 2019

Filing Information

Form Type	10-Q
Accession Number	`0001437749-19-004350`
Period End Date	20190131
Filing Date	20190307
Fiscal Year	2019
Fiscal Period	Q3
XBRL Instance	fizz-20190126.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 63 Income Statement 52 Cash Flow Statement 50 Stockholders Equity 14 Comprehensive Income 12

Balance Sheet 63 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`	$269.85M	USD	Point-in-time
Cash and equivalents	`CashAndCashEquivalentsAtCarryingValue`	$189.86M	USD	Point-in-time
Cash and equivalents	`CashAndCashEquivalentsAtCarryingValue`	$155.02M	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
Cash and equivalents	`CashAndCashEquivalentsAtCarryingValue`	$136.37M	USD	Point-in-time
Trade receivables - net	`AccountsReceivableNetCurrent`	$76.34M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Trade receivables - net	`AccountsReceivableNetCurrent`	$84.36M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Inventories	`InventoryNet`	$72.16M	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
Inventories	`InventoryNet`	$60.92M	USD	Point-in-time
Prepaid and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$11.44M	USD	Point-in-time
Prepaid and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$17.82M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	50.68M	shares	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	50.65M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$429.80M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$352.97M	USD	Point-in-time
Property, plant and equipment - net	`PropertyPlantAndEquipmentNet`	$85.81M	USD	Point-in-time
Property, plant and equipment - net	`PropertyPlantAndEquipmentNet`	$103.72M	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`	$5.30M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$4.39M	USD	Point-in-time
Total assets	`Assets`	$458.83M	USD	Point-in-time
Total assets	`Assets`	$552.67M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$58.94M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$74.85M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$29.06M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$29.72M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$25.00K	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$99.00K	USD	Point-in-time
Dividends payable	`DividendsPayableCurrent`	$135.25M	USD	Point-in-time
Dividends payable	`DividendsPayableCurrent`	-	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$223.27M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$104.67M	USD	Point-in-time
Deferred income taxes net	`DeferredTaxLiabilitiesNoncurrent`	$16.82M	USD	Point-in-time
Deferred income taxes net	`DeferredTaxLiabilitiesNoncurrent`	$14.50M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$7.09M	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; 50,675,084 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; 50,675,084 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`	$36.94M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$307.82M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$287.29M	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$4.60M	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-1.40M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$293.50M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$305.49M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$331.44M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$552.67M	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`	$774.19M	USD	3 Qtrs
Net sales	`Revenues`	$220.89M	USD	1 Quarter
Net sales	`Revenues`	$731.43M	USD	3 Qtrs
Net sales	`Revenues`	$227.48M	USD	1 Quarter
Cost of sales	`CostOfRevenue`	$474.42M	USD	3 Qtrs
Cost of sales	`CostOfRevenue`	$439.65M	USD	3 Qtrs
Cost of sales	`CostOfRevenue`	$136.28M	USD	1 Quarter
Cost of sales	`CostOfRevenue`	$140.34M	USD	1 Quarter
Gross profit	`GrossProfit`	$291.78M	USD	3 Qtrs
Gross profit	`GrossProfit`	$91.19M	USD	1 Quarter
Gross profit	`GrossProfit`	$80.55M	USD	1 Quarter
Gross profit	`GrossProfit`	$299.77M	USD	3 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$137.59M	USD	3 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$45.44M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$49.53M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$153.59M	USD	3 Qtrs
Interest expense	`InterestExpense`	$51.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$50.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$151.00K	USD	3 Qtrs
Interest expense	`InterestExpense`	$151.00K	USD	3 Qtrs
Other income - net	`OtherNonoperatingIncomeExpense`	$1.24M	USD	1 Quarter
Other income - net	`OtherNonoperatingIncomeExpense`	$426.00K	USD	1 Quarter
Other income - net	`OtherNonoperatingIncomeExpense`	$1.04M	USD	3 Qtrs
Other income - net	`OtherNonoperatingIncomeExpense`	$3.28M	USD	3 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$32.20M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$155.08M	USD	3 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$149.31M	USD	3 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$46.13M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$41.75M	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$7.39M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$34.59M	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$5.05M	USD	1 Quarter
Net income	`NetIncomeLoss`	$41.08M	USD	1 Quarter
Net income	`NetIncomeLoss`	$113.33M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$24.81M	USD	1 Quarter
Net income	`NetIncomeLoss`	$114.72M	USD	3 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$2.43	USD	3 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.53	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$2.46	USD	3 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.88	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.53	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$2.42	USD	3 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$2.44	USD	3 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.88	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	46.60M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	46.59M	shares	3 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	46.64M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	46.63M	shares	3 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	46.93M	shares	3 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	46.92M	shares	3 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	46.92M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	46.93M	shares	1 Quarter

Cash Flow Statement 50 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$41.08M	USD	1 Quarter
Net income	`NetIncomeLoss`	$113.33M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$24.81M	USD	1 Quarter
Net income	`NetIncomeLoss`	$114.72M	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$10.27M	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$11.53M	USD	3 Qtrs
Deferred income tax provision (benefit)	`DeferredIncomeTaxExpenseBenefit`	$4.06M	USD	3 Qtrs
Deferred income tax provision (benefit)	`DeferredIncomeTaxExpenseBenefit`	$-5.81M	USD	3 Qtrs
Loss (Gain) on sale of property, net	`GainLossOnDispositionOfAssets1`	$-2.00K	USD	3 Qtrs
Loss (Gain) on sale of property, net	`GainLossOnDispositionOfAssets1`	$9.00K	USD	3 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$119.00K	USD	3 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$179.00K	USD	3 Qtrs
Trade receivables	`IncreaseDecreaseInAccountsReceivable`	$4.62M	USD	3 Qtrs
Trade receivables	`IncreaseDecreaseInAccountsReceivable`	$-8.02M	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$11.24M	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$7.48M	USD	3 Qtrs
Prepaid and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$3.18M	USD	3 Qtrs
Prepaid and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$1.84M	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-15.91M	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$399.00K	USD	3 Qtrs
Accrued and other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$2.39M	USD	3 Qtrs
Accrued and other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-1.13M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$106.76M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$107.03M	USD	3 Qtrs
Additions to property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$27.46M	USD	3 Qtrs
Additions to property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$18.69M	USD	3 Qtrs
Proceeds from sale of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$58.00K	USD	3 Qtrs
Proceeds from sale of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$10.00K	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-27.45M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-18.63M	USD	3 Qtrs
Dividends paid on common stock	`PaymentsOfDividendsCommonStock`	-	USD	3 Qtrs
Dividends paid on common stock	`PaymentsOfDividendsCommonStock`	$69.88M	USD	3 Qtrs
Proceeds from stock options exercised	`ProceedsFromStockOptionsExercised`	$403.00K	USD	3 Qtrs
Proceeds from stock options exercised	`ProceedsFromStockOptionsExercised`	$399.00K	USD	3 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$403.00K	USD	3 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-69.48M	USD	3 Qtrs
Net Increase in Cash and Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$18.65M	USD	3 Qtrs
Net Increase in Cash and Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$79.99M	USD	3 Qtrs
Cash and Equivalents - Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$269.85M	USD	Point-in-time
Cash and Equivalents - Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$189.86M	USD	Point-in-time
Cash and Equivalents - Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$155.02M	USD	Point-in-time
Cash and Equivalents - Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$136.37M	USD	Point-in-time
Cash and Equivalents - End of Period	`CashAndCashEquivalentsAtCarryingValue`	$269.85M	USD	Point-in-time
Cash and Equivalents - End of Period	`CashAndCashEquivalentsAtCarryingValue`	$189.86M	USD	Point-in-time
Cash and Equivalents - End of Period	`CashAndCashEquivalentsAtCarryingValue`	$155.02M	USD	Point-in-time
Cash and Equivalents - End of Period	`CashAndCashEquivalentsAtCarryingValue`	$136.37M	USD	Point-in-time
Interest paid	`InterestPaidNet`	$76.00K	USD	3 Qtrs
Interest paid	`InterestPaidNet`	$38.00K	USD	3 Qtrs
Income taxes paid	`IncomeTaxesPaid`	$48.85M	USD	3 Qtrs
Income taxes paid	`IncomeTaxesPaid`	$30.91M	USD	3 Qtrs

Stockholders Equity 14 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$293.50M	USD	Point-in-time
Balance	`StockholdersEquity`	$305.49M	USD	Point-in-time
Balance	`StockholdersEquity`	$331.44M	USD	Point-in-time
Balance	`StockholdersEquity`	$293.50M	USD	Point-in-time
Balance	`StockholdersEquity`	$305.49M	USD	Point-in-time
Balance	`StockholdersEquity`	$331.44M	USD	Point-in-time
Net income	`NetIncomeLoss`	$41.08M	USD	1 Quarter
Net income	`NetIncomeLoss`	$113.33M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$24.81M	USD	1 Quarter
Net income	`NetIncomeLoss`	$114.72M	USD	3 Qtrs
Cash flow hedges, net of tax	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax`	$-1.24M	USD	1 Quarter
Cash flow hedges, net of tax	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax`	$3.92M	USD	3 Qtrs
Cash flow hedges, net of tax	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax`	$-6.00M	USD	3 Qtrs
Cash flow hedges, net of tax	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax`	$1.30M	USD	1 Quarter

Comprehensive Income 12 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$41.08M	USD	1 Quarter
Net income	`NetIncomeLoss`	$113.33M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$24.81M	USD	1 Quarter
Net income	`NetIncomeLoss`	$114.72M	USD	3 Qtrs
Cash flow hedges	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax`	$-1.24M	USD	1 Quarter
Cash flow hedges	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax`	$3.92M	USD	3 Qtrs
Cash flow hedges	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax`	$-6.00M	USD	3 Qtrs
Cash flow hedges	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax`	$1.30M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$117.25M	USD	3 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$42.38M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$23.57M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$108.72M	USD	3 Qtrs

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