10-Q Filing

NATIONAL BEVERAGE CORP CIK: 69891 Q2 2022

Filing Information

Form Type	10-Q
Accession Number	`0001437749-21-028247`
Period End Date	20211031
Filing Date	20211209
Fiscal Year	2022
Fiscal Period	Q2
XBRL Instance	fizz20211030_10q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 67 Income Statement 52 Cash Flow Statement 54 Stockholders Equity 18 Comprehensive Income 12

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
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Cash and equivalents	`CashAndCashEquivalentsAtCarryingValue`	$193.59M	USD	Point-in-time
Cash and equivalents	`CashAndCashEquivalentsAtCarryingValue`	$273.04M	USD	Point-in-time
Trade receivables - net	`AccountsReceivableNetCurrent`	$86.44M	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`	$88.24M	USD	Point-in-time
Inventories	`InventoryNet`	$78.79M	USD	Point-in-time
Inventories	`InventoryNet`	$71.48M	USD	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
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	200.00M	shares	Point-in-time
Prepaid and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$10.42M	USD	Point-in-time
Prepaid and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$13.43M	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	200.00M	shares	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	101.68M	shares	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	101.70M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$450.48M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$364.94M	USD	Point-in-time
Property, plant and equipment - net	`PropertyPlantAndEquipmentNet`	$129.85M	USD	Point-in-time
Property, plant and equipment - net	`PropertyPlantAndEquipmentNet`	$131.03M	USD	Point-in-time
Right-of-use assets	`OperatingLeaseRightOfUseAsset`	$41.68M	USD	Point-in-time
Right-of-use assets	`OperatingLeaseRightOfUseAsset`	$35.53M	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`	$4.83M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$4.80M	USD	Point-in-time
Total assets	`Assets`	$557.24M	USD	Point-in-time
Total assets	`Assets`	$635.43M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$88.75M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$90.35M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$35.97M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$43.55M	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$13.15M	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$14.80M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$89.00K	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$296.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$147.19M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$139.76M	USD	Point-in-time
Deferred income taxes net	`DeferredIncomeTaxLiabilitiesNet`	$17.29M	USD	Point-in-time
Deferred income taxes net	`DeferredIncomeTaxLiabilitiesNet`	$16.08M	USD	Point-in-time
Non-current portion of lease obligations	`OperatingLeaseLiabilityNoncurrent`	$28.84M	USD	Point-in-time
Non-current portion of lease obligations	`OperatingLeaseLiabilityNoncurrent`	$24.53M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$8.22M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$7.92M	USD	Point-in-time
Total liabilities	`Liabilities`	$201.24M	USD	Point-in-time
Total liabilities	`Liabilities`	$188.58M	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; 101,696,358 shares issued (101,675,858 shares at May 1)	`CommonStockValue`	$1.02M	USD	Point-in-time
Common stock, $.01 par value - 200,000,000 shares authorized; 101,696,358 shares issued (101,675,858 shares at May 1)	`CommonStockValue`	$1.02M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$38.84M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$38.38M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$337.67M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$430.77M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$304.00K	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$3.02M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$558.08M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$446.85M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$356.00M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$635.43M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$557.24M	USD	Point-in-time

Income Statement 52 line items

Line Item	Tag	Value	Unit	Period
Net sales	`Revenues`	$283.16M	USD	1 Quarter
Net sales	`Revenues`	$565.18M	USD	2 Qtrs
Net sales	`Revenues`	$594.87M	USD	2 Qtrs
Net sales	`Revenues`	$271.81M	USD	1 Quarter
Cost of sales	`CostOfRevenue`	$181.67M	USD	1 Quarter
Cost of sales	`CostOfRevenue`	$339.91M	USD	2 Qtrs
Cost of sales	`CostOfRevenue`	$163.76M	USD	1 Quarter
Cost of sales	`CostOfRevenue`	$368.61M	USD	2 Qtrs
Gross profit	`GrossProfit`	$108.05M	USD	1 Quarter
Gross profit	`GrossProfit`	$226.26M	USD	2 Qtrs
Gross profit	`GrossProfit`	$225.27M	USD	2 Qtrs
Gross profit	`GrossProfit`	$101.48M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$49.92M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$104.37M	USD	2 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$46.46M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$97.01M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$61.59M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$121.89M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$51.56M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$128.26M	USD	2 Qtrs
Other (expense) income - net	`OtherNonoperatingIncomeExpense`	$-7.00K	USD	1 Quarter
Other (expense) income - net	`OtherNonoperatingIncomeExpense`	$63.00K	USD	1 Quarter
Other (expense) income - net	`OtherNonoperatingIncomeExpense`	$339.00K	USD	2 Qtrs
Other (expense) income - net	`OtherNonoperatingIncomeExpense`	$-22.00K	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$128.60M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$121.87M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$61.65M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$51.55M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$14.49M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$28.77M	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$30.27M	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$12.27M	USD	1 Quarter
Net income	`NetIncomeLoss`	$98.33M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$39.28M	USD	1 Quarter
Net income	`NetIncomeLoss`	$93.10M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$47.16M	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$1.05	USD	2 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$1.00	USD	2 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$51.00	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$42.00	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$42.00	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$1.05	USD	2 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$99.00	USD	2 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$50.00	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	93,321.00	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	93,262.00	shares	2 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	93,310.00	shares	2 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	93,276.00	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	93,640.00	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	93,607.00	shares	2 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	93,754.00	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	93,632.00	shares	2 Qtrs

Cash Flow Statement 54 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$98.33M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$39.28M	USD	1 Quarter
Net income	`NetIncomeLoss`	$93.10M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$47.16M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$9.23M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$9.23M	USD	2 Qtrs
Deferred income tax provision	`DeferredIncomeTaxesAndTaxCredits`	-	USD	2 Qtrs
Deferred income tax provision	`DeferredIncomeTaxesAndTaxCredits`	$-363.00K	USD	2 Qtrs
Gain on sale of property, net	`GainLossOnSaleOfProperties`	$-8.00K	USD	2 Qtrs
Gain on sale of property, net	`GainLossOnSaleOfProperties`	-	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$350.00K	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$119.00K	USD	2 Qtrs
Amortization of operating right to use assets	`OperatingLeaseRightOfUseAssetAmortizationExpense`	$6.64M	USD	2 Qtrs
Amortization of operating right to use assets	`OperatingLeaseRightOfUseAssetAmortizationExpense`	$6.87M	USD	2 Qtrs
Trade receivables	`IncreaseDecreaseInAccountsReceivable`	$1.80M	USD	2 Qtrs
Trade receivables	`IncreaseDecreaseInAccountsReceivable`	$-2.06M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$5.33M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$7.31M	USD	2 Qtrs
Operating lease right to use assets	`IncreaseDecreaseInOperatingLeaseRightOfUseAsset`	$4.32M	USD	2 Qtrs
Operating lease right to use assets	`IncreaseDecreaseInOperatingLeaseRightOfUseAsset`	$1.59M	USD	2 Qtrs
Prepaid and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-94.00K	USD	2 Qtrs
Prepaid and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-510.00K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$1.59M	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$6.17M	USD	2 Qtrs
Accrued and other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-9.54M	USD	2 Qtrs
Accrued and other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-93.00K	USD	2 Qtrs
Operating lease obligation	`IncreaseDecreaseInOperatingLeaseLiability`	$-5.09M	USD	2 Qtrs
Operating lease obligation	`IncreaseDecreaseInOperatingLeaseLiability`	$-2.02M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$85.96M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$110.88M	USD	2 Qtrs
Additions to property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$6.63M	USD	2 Qtrs
Additions to property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$10.37M	USD	2 Qtrs
Proceeds from sale of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$1.00K	USD	2 Qtrs
Proceeds from sale of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$15.00K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-6.63M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-10.35M	USD	2 Qtrs
Proceeds from stock options exercised	`ProceedsFromStockOptionsExercised`	$403.00K	USD	2 Qtrs
Proceeds from stock options exercised	`ProceedsFromStockOptionsExercised`	$111.00K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$111.00K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$403.00K	USD	2 Qtrs
Net Increase in Cash and Equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$79.45M	USD	2 Qtrs
Net Increase in Cash and Equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$100.93M	USD	2 Qtrs
Cash and Equivalents - Beginning of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$304.52M	USD	Point-in-time
Cash and Equivalents - Beginning of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$273.04M	USD	Point-in-time
Cash and Equivalents - Beginning of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$405.44M	USD	Point-in-time
Cash and Equivalents - Beginning of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$193.59M	USD	Point-in-time
Cash and Equivalents - End of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$304.52M	USD	Point-in-time
Cash and Equivalents - End of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$273.04M	USD	Point-in-time
Cash and Equivalents - End of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$405.44M	USD	Point-in-time
Cash and Equivalents - End of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$193.59M	USD	Point-in-time
Interest paid	`InterestPaidNet`	$90.00K	USD	2 Qtrs
Interest paid	`InterestPaidNet`	$93.00K	USD	2 Qtrs
Income taxes paid	`IncomeTaxesPaid`	$38.01M	USD	2 Qtrs
Income taxes paid	`IncomeTaxesPaid`	$31.39M	USD	2 Qtrs

Stockholders Equity 18 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$558.08M	USD	Point-in-time
Balance	`StockholdersEquity`	$446.85M	USD	Point-in-time
Balance	`StockholdersEquity`	$356.00M	USD	Point-in-time
Stock options exercised (in shares)	`StockIssuedDuringPeriodSharesStockOptionsExercised`	20,500.00	shares	2 Qtrs
Net income	`NetIncomeLoss`	$98.33M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$39.28M	USD	1 Quarter
Net income	`NetIncomeLoss`	$93.10M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$47.16M	USD	1 Quarter
Cash flow hedges, net of tax	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent`	$1.63M	USD	1 Quarter
Cash flow hedges, net of tax	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent`	$6.89M	USD	2 Qtrs
Cash flow hedges, net of tax	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent`	$-2.71M	USD	2 Qtrs
Cash flow hedges, net of tax	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent`	$-960.00K	USD	1 Quarter
Balance	`StockholdersEquity`	$558.08M	USD	Point-in-time
Balance	`StockholdersEquity`	$446.85M	USD	Point-in-time
Balance	`StockholdersEquity`	$356.00M	USD	Point-in-time
Balance	`StockholdersEquity`	$558.08M	USD	Point-in-time
Balance	`StockholdersEquity`	$446.85M	USD	Point-in-time
Balance	`StockholdersEquity`	$356.00M	USD	Point-in-time

Comprehensive Income 12 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$98.33M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$39.28M	USD	1 Quarter
Net income	`NetIncomeLoss`	$93.10M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$47.16M	USD	1 Quarter
Cash flow hedges	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent`	$1.63M	USD	1 Quarter
Cash flow hedges	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent`	$6.89M	USD	2 Qtrs
Cash flow hedges	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent`	$-2.71M	USD	2 Qtrs
Cash flow hedges	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent`	$-960.00K	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$38.32M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$48.79M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$90.39M	USD	2 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$105.22M	USD	2 Qtrs

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