10-Q Filing

NATIONAL BEVERAGE CORP CIK: 69891 Q1 2021

Filing Information

Form Type	10-Q
Accession Number	`0001437749-20-019541`
Period End Date	20200731
Filing Date	20200910
Fiscal Year	2021
Fiscal Period	Q1
XBRL Instance	fizz20200725_10q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 67 Income Statement 26 Cash Flow Statement 48 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
Cash and equivalents	`CashAndCashEquivalentsAtCarryingValue`	$304.52M	USD	Point-in-time
Cash and equivalents	`CashAndCashEquivalentsAtCarryingValue`	$352.52M	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
Trade receivables - net	`AccountsReceivableNetCurrent`	$84.92M	USD	Point-in-time
Trade receivables - net	`AccountsReceivableNetCurrent`	$103.75M	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
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Inventories	`InventoryNet`	$63.48M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Inventories	`InventoryNet`	$63.08M	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	200.00M	shares	Point-in-time
Prepaid and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$7.79M	USD	Point-in-time
Prepaid and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$7.78M	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	200.00M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$460.71M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	50.82M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$527.12M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	50.80M	shares	Point-in-time
Property, plant and equipment - net	`PropertyPlantAndEquipmentNet`	$120.55M	USD	Point-in-time
Property, plant and equipment - net	`PropertyPlantAndEquipmentNet`	$120.63M	USD	Point-in-time
Right-of-use assets, net	`OperatingLeaseRightOfUseAsset`	$47.88M	USD	Point-in-time
Right-of-use assets, net	`OperatingLeaseRightOfUseAsset`	$44.48M	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`	$4.75M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$4.66M	USD	Point-in-time
Total assets	`Assets`	$711.66M	USD	Point-in-time
Total assets	`Assets`	$648.65M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$74.37M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$74.47M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$42.48M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$44.99M	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$16.98M	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$16.48M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$7.86M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$13.72M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$149.66M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$141.69M	USD	Point-in-time
Deferred income taxes net	`DeferredIncomeTaxLiabilitiesNet`	$16.05M	USD	Point-in-time
Deferred income taxes net	`DeferredIncomeTaxLiabilitiesNet`	$14.82M	USD	Point-in-time
Operating lease liabilities non current	`OperatingLeaseLiabilityNoncurrent`	$29.54M	USD	Point-in-time
Operating lease liabilities non current	`OperatingLeaseLiabilityNoncurrent`	$32.16M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$7.47M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$7.64M	USD	Point-in-time
Total liabilities	`Liabilities`	$196.31M	USD	Point-in-time
Total liabilities	`Liabilities`	$202.72M	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; 50,817,184 shares issued (50,803,184 at May 2)	`CommonStockValue`	$508.00K	USD	Point-in-time
Common stock, $.01 par value - 200,000,000 shares authorized; 50,817,184 shares issued (50,803,184 at May 2)	`CommonStockValue`	$508.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$38.11M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$37.93M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$494.57M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$443.40M	USD	Point-in-time
Accumulated other comprehensive (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-5.42M	USD	Point-in-time
Accumulated other comprehensive (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-161.00K	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$508.94M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$452.34M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$366.24M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$711.66M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$648.65M	USD	Point-in-time

Income Statement 26 line items

Line Item	Tag	Value	Unit	Period
Net sales	`Revenues`	$293.37M	USD	1 Quarter
Net sales	`Revenues`	$263.57M	USD	1 Quarter
Cost of sales	`CostOfRevenue`	$176.15M	USD	1 Quarter
Cost of sales	`CostOfRevenue`	$166.99M	USD	1 Quarter
Gross profit	`GrossProfit`	$117.22M	USD	1 Quarter
Gross profit	`GrossProfit`	$96.57M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$50.55M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$52.00M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$66.67M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$44.58M	USD	1 Quarter
Other income - net	`OtherNonoperatingIncomeExpense`	$276.00K	USD	1 Quarter
Other income - net	`OtherNonoperatingIncomeExpense`	$731.00K	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$45.31M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$66.95M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$10.77M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$15.78M	USD	1 Quarter
Net income	`NetIncomeLoss`	$34.54M	USD	1 Quarter
Net income	`NetIncomeLoss`	$51.16M	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$74.00	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$1.10	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$74.00	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$1.09	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	46,646.00	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	46,624.00	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	46,754.00	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	46,880.00	shares	1 Quarter

Cash Flow Statement 48 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$34.54M	USD	1 Quarter
Net income	`NetIncomeLoss`	$51.16M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$4.63M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$4.45M	USD	1 Quarter
Deferred income tax benefit	`DeferredIncomeTaxesAndTaxCredits`	$-151.00K	USD	1 Quarter
Deferred income tax benefit	`DeferredIncomeTaxesAndTaxCredits`	$-428.00K	USD	1 Quarter
Loss on disposal of property, net	`GainLossOnDispositionOfAssets1`	$-2.00K	USD	1 Quarter
Loss on disposal of property, net	`GainLossOnDispositionOfAssets1`	$-46.00K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$62.00K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$41.00K	USD	1 Quarter
Amortization of operating right to use assets	`OperatingLeaseRightofuseAssetAmortization`	$3.40M	USD	1 Quarter
Amortization of operating right to use assets	`OperatingLeaseRightofuseAssetAmortization`	$3.44M	USD	1 Quarter
Trade receivables	`IncreaseDecreaseInAccountsReceivable`	$18.83M	USD	1 Quarter
Trade receivables	`IncreaseDecreaseInAccountsReceivable`	$-38.00K	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-407.00K	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$2.73M	USD	1 Quarter
Prepaid and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-3.15M	USD	1 Quarter
Prepaid and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$163.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$98.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-493.00K	USD	1 Quarter
Accrued and other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$10.93M	USD	1 Quarter
Accrued and other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$8.54M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$50.61M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$51.53M	USD	1 Quarter
Additions to property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$3.67M	USD	1 Quarter
Additions to property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$4.16M	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`	$-3.67M	USD	1 Quarter
Proceeds from stock options exercised	`ProceedsFromStockOptionsExercised`	$7.00K	USD	1 Quarter
Proceeds from stock options exercised	`ProceedsFromStockOptionsExercised`	$139.00K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$139.00K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$7.00K	USD	1 Quarter
Net Increase in Cash and Equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$46.47M	USD	1 Quarter
Net Increase in Cash and Equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$48.00M	USD	1 Quarter
Cash and Equivalents - Beginning of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$156.20M	USD	Point-in-time
Cash and Equivalents - Beginning of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$352.52M	USD	Point-in-time
Cash and Equivalents - Beginning of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$202.67M	USD	Point-in-time
Cash and Equivalents - Beginning of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$304.52M	USD	Point-in-time
Cash and Equivalents - End of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$156.20M	USD	Point-in-time
Cash and Equivalents - End of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$352.52M	USD	Point-in-time
Cash and Equivalents - End of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$202.67M	USD	Point-in-time
Cash and Equivalents - End of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$304.52M	USD	Point-in-time
Interest paid	`InterestPaidNet`	$13.00K	USD	1 Quarter
Interest paid	`InterestPaidNet`	$13.00K	USD	1 Quarter
Income taxes paid	`IncomeTaxesPaid`	$1.24M	USD	1 Quarter
Income taxes paid	`IncomeTaxesPaid`	-	USD	1 Quarter

Stockholders Equity 10 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$508.94M	USD	Point-in-time
Balance	`StockholdersEquity`	$452.34M	USD	Point-in-time
Balance	`StockholdersEquity`	$366.24M	USD	Point-in-time
Balance	`StockholdersEquity`	$508.94M	USD	Point-in-time
Balance	`StockholdersEquity`	$452.34M	USD	Point-in-time
Balance	`StockholdersEquity`	$366.24M	USD	Point-in-time
Net income	`NetIncomeLoss`	$34.54M	USD	1 Quarter
Net income	`NetIncomeLoss`	$51.16M	USD	1 Quarter
Cash flow hedges, net of tax	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax`	$5.26M	USD	1 Quarter
Cash flow hedges, net of tax	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax`	$16.00K	USD	1 Quarter

Comprehensive Income 6 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$34.54M	USD	1 Quarter
Net income	`NetIncomeLoss`	$51.16M	USD	1 Quarter
Cash flow hedges	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax`	$5.26M	USD	1 Quarter
Cash flow hedges	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax`	$16.00K	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$56.42M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$34.56M	USD	1 Quarter

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