10-Q Filing

NATIONAL BEVERAGE CORP CIK: 69891 Q1 2020

Filing Information

Form Type	10-Q
Accession Number	`0001437749-19-017951`
Period End Date	20190731
Filing Date	20190905
Fiscal Year	2020
Fiscal Period	Q1
XBRL Instance	fizz20190727_10q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 67 Income Statement 26 Cash Flow Statement 46 Stockholders Equity 10 Comprehensive Income 6

Balance Sheet 67 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
Cash and equivalents	`CashAndCashEquivalentsAtCarryingValue`	$156.20M	USD	Point-in-time
Cash and equivalents	`CashAndCashEquivalentsAtCarryingValue`	$202.67M	USD	Point-in-time
Cash and equivalents	`CashAndCashEquivalentsAtCarryingValue`	$189.86M	USD	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Cash and equivalents	`CashAndCashEquivalentsAtCarryingValue`	$243.04M	USD	Point-in-time
Trade receivables - net	`AccountsReceivableNetCurrent`	$84.80M	USD	Point-in-time
Trade receivables - net	`AccountsReceivableNetCurrent`	$84.84M	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
Inventories	`InventoryNet`	$70.70M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Inventories	`InventoryNet`	$73.43M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	200.00M	shares	Point-in-time
Prepaid and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$9.71M	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	200.00M	shares	Point-in-time
Prepaid and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$5.88M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$321.46M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$366.78M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	50.66M	shares	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	50.65M	shares	Point-in-time
Property, plant and equipment - net	`PropertyPlantAndEquipmentNet`	$111.64M	USD	Point-in-time
Property, plant and equipment - net	`PropertyPlantAndEquipmentNet`	$111.32M	USD	Point-in-time
Right-of-use assets	`OperatingLeaseRightOfUseAsset`	$52.46M	USD	Point-in-time
Right-of-use assets	`OperatingLeaseRightOfUseAsset`	-	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`	$4.57M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$4.66M	USD	Point-in-time
Total assets	`Assets`	$452.19M	USD	Point-in-time
Total assets	`Assets`	$550.21M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$65.71M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$66.20M	USD	Point-in-time
Short-term lease obligations	`OperatingLeaseLiabilityCurrent`	-	USD	Point-in-time
Short-term lease obligations	`OperatingLeaseLiabilityCurrent`	$8.87M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$32.61M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$30.43M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$402.00K	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$10.23M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$97.04M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$117.43M	USD	Point-in-time
Deferred income taxes net	`DeferredTaxLiabilitiesNoncurrent`	$15.56M	USD	Point-in-time
Deferred income taxes net	`DeferredTaxLiabilitiesNoncurrent`	$15.99M	USD	Point-in-time
Long-term lease obligations	`OperatingLeaseLiabilityNoncurrent`	$43.55M	USD	Point-in-time
Long-term lease obligations	`OperatingLeaseLiabilityNoncurrent`	-	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$7.43M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$7.56M	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`	$37.06M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$37.13M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$347.97M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$313.43M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-1.54M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-1.53M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$331.61M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$366.24M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$378.39M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$452.19M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$550.21M	USD	Point-in-time

Income Statement 26 line items

Line Item	Tag	Value	Unit	Period
Net sales	`Revenues`	$263.57M	USD	1 Quarter
Net sales	`Revenues`	$292.59M	USD	1 Quarter
Cost of sales	`CostOfRevenue`	$166.99M	USD	1 Quarter
Cost of sales	`CostOfRevenue`	$176.90M	USD	1 Quarter
Gross profit	`GrossProfit`	$115.69M	USD	1 Quarter
Gross profit	`GrossProfit`	$96.57M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$52.00M	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`	$781.00K	USD	1 Quarter
Other income - net	`OtherNonoperatingIncomeExpense`	$855.00K	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$45.31M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$63.81M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$14.98M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$10.77M	USD	1 Quarter
Net income	`NetIncomeLoss`	$48.83M	USD	1 Quarter
Net income	`NetIncomeLoss`	$34.54M	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$1.05	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$74.00	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$74.00	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$1.04	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	46.62M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	46.65M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	46.88M	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`	$48.83M	USD	1 Quarter
Net income	`NetIncomeLoss`	$34.54M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$3.96M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$4.45M	USD	1 Quarter
Deferred income tax provision	`DeferredIncomeTaxExpenseBenefit`	$-428.00K	USD	1 Quarter
Deferred income tax provision	`DeferredIncomeTaxExpenseBenefit`	$1.59M	USD	1 Quarter
Loss on disposal of property, net	`GainLossOnDispositionOfAssets1`	$-46.00K	USD	1 Quarter
Loss on disposal of property, net	`GainLossOnDispositionOfAssets1`	$-1.00K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$40.00K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$62.00K	USD	1 Quarter
Trade receivables	`IncreaseDecreaseInAccountsReceivable`	$10.31M	USD	1 Quarter
Trade receivables	`IncreaseDecreaseInAccountsReceivable`	$-38.00K	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$2.73M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$6.89M	USD	1 Quarter
Prepaid and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-3.15M	USD	1 Quarter
Prepaid and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-769.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$7.95M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-493.00K	USD	1 Quarter
Accrued and other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$11.97M	USD	1 Quarter
Accrued and other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$13.35M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$50.61M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$59.28M	USD	1 Quarter
Additions to property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$4.16M	USD	1 Quarter
Additions to property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$6.23M	USD	1 Quarter
Proceeds from sale of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$6.00K	USD	1 Quarter
Proceeds from sale of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$1.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-4.15M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-6.22M	USD	1 Quarter
Proceeds from stock options exercised	`ProceedsFromStockOptionsExercised`	$123.00K	USD	1 Quarter
Proceeds from stock options exercised	`ProceedsFromStockOptionsExercised`	$7.00K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$123.00K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$7.00K	USD	1 Quarter
Net Increase in Cash and Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$53.18M	USD	1 Quarter
Net Increase in Cash and Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$46.47M	USD	1 Quarter
Cash and Equivalents - Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$156.20M	USD	Point-in-time
Cash and Equivalents - Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$202.67M	USD	Point-in-time
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 - End of Period	`CashAndCashEquivalentsAtCarryingValue`	$156.20M	USD	Point-in-time
Cash and Equivalents - End of Period	`CashAndCashEquivalentsAtCarryingValue`	$202.67M	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
Interest paid	`InterestPaidNet`	$13.00K	USD	1 Quarter
Interest paid	`InterestPaidNet`	$13.00K	USD	1 Quarter
Income taxes paid	`IncomeTaxesPaid`	$2.00K	USD	1 Quarter
Income taxes paid	`IncomeTaxesPaid`	-	USD	1 Quarter

Stockholders Equity 10 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$331.61M	USD	Point-in-time
Balance	`StockholdersEquity`	$366.24M	USD	Point-in-time
Balance	`StockholdersEquity`	$378.39M	USD	Point-in-time
Balance	`StockholdersEquity`	$331.61M	USD	Point-in-time
Balance	`StockholdersEquity`	$366.24M	USD	Point-in-time
Balance	`StockholdersEquity`	$378.39M	USD	Point-in-time
Net income	`NetIncomeLoss`	$48.83M	USD	1 Quarter
Net income	`NetIncomeLoss`	$34.54M	USD	1 Quarter
Cash flow hedges	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax`	$-2.04M	USD	1 Quarter
Cash flow hedges	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax`	$16.00K	USD	1 Quarter

Comprehensive Income 6 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$48.83M	USD	1 Quarter
Net income	`NetIncomeLoss`	$34.54M	USD	1 Quarter
Cash flow hedges	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax`	$-2.04M	USD	1 Quarter
Cash flow hedges	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax`	$16.00K	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$34.56M	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.