10-Q Filing

NATIONAL BEVERAGE CORP CIK: 69891 Q1 2023

Filing Information

Form Type	10-Q
Accession Number	`0001437749-22-022066`
Period End Date	20220731
Filing Date	20220908
Fiscal Year	2023
Fiscal Period	Q1
XBRL Instance	fizz20220730_10q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 71 Income Statement 26 Cash Flow Statement 56 Stockholders Equity 11 Comprehensive Income 6

Balance Sheet 71 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`	$48.05M	USD	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Cash and equivalents	`CashAndCashEquivalentsAtCarryingValue`	$56.06M	USD	Point-in-time
Trade receivables - net	`AccountsReceivableNetCurrent`	$100.27M	USD	Point-in-time
Trade receivables - net	`AccountsReceivableNetCurrent`	$93.59M	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
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Inventories	`InventoryNet`	$103.32M	USD	Point-in-time
Inventories	`InventoryNet`	$90.35M	USD	Point-in-time
Prepaid and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$7.16M	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
Prepaid and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$29.56M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$253.84M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$274.52M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	101.71M	shares	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	101.71M	shares	Point-in-time
Property, plant and equipment - net	`PropertyPlantAndEquipmentNet`	$142.36M	USD	Point-in-time
Property, plant and equipment - net	`PropertyPlantAndEquipmentNet`	$144.26M	USD	Point-in-time
Right of use assets - net	`OperatingLeaseRightOfUseAsset`	$38.55M	USD	Point-in-time
Right of use assets - net	`OperatingLeaseRightOfUseAsset`	$29.25M	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`	$6.03M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$5.01M	USD	Point-in-time
Total assets	`Assets`	$467.80M	USD	Point-in-time
Total assets	`Assets`	$455.55M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$76.15M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$95.30M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$43.33M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$39.09M	USD	Point-in-time
Short-term lease obligations	`OperatingLeaseLiabilityCurrent`	$10.54M	USD	Point-in-time
Short-term lease obligations	`OperatingLeaseLiabilityCurrent`	$11.93M	USD	Point-in-time
Short-term lease obligations	`OperatingLeaseLiabilityCurrent`	$11.93M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$652.00K	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$387.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$145.32M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$132.06M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	-	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$30.00M	USD	Point-in-time
Deferred income taxes net	`DeferredIncomeTaxLiabilitiesNet`	$21.12M	USD	Point-in-time
Deferred income taxes net	`DeferredIncomeTaxLiabilitiesNet`	$23.82M	USD	Point-in-time
Operating lease liability - non current	`OperatingLeaseLiabilityNoncurrent`	$28.63M	USD	Point-in-time
Operating lease liability - non current	`OperatingLeaseLiabilityNoncurrent`	$20.70M	USD	Point-in-time
Operating lease liability - non current	`OperatingLeaseLiabilityNoncurrent`	$28.63M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$9.62M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$8.52M	USD	Point-in-time
Total liabilities	`Liabilities`	$191.44M	USD	Point-in-time
Total liabilities	`Liabilities`	$228.37M	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; 101,712,358 shares issued July 30, 2022 and April 30, 2022	`CommonStockValue`	$1.02M	USD	Point-in-time
Common stock, $.01 par value - 200,000,000 shares authorized; 101,712,358 shares issued July 30, 2022 and April 30, 2022	`CommonStockValue`	$1.02M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$39.41M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$39.58M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$216.18M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$251.63M	USD	Point-in-time
Accumulated other comprehensive (loss) income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-4.04M	USD	Point-in-time
Accumulated other comprehensive (loss) income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$6.92M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$264.11M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$408.29M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$239.44M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$467.80M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$455.55M	USD	Point-in-time

Income Statement 26 line items

Line Item	Tag	Value	Unit	Period
Net sales	`Revenues`	$318.12M	USD	1 Quarter
Net sales	`Revenues`	$311.71M	USD	1 Quarter
Cost of sales	`CostOfRevenue`	$186.94M	USD	1 Quarter
Cost of sales	`CostOfRevenue`	$218.72M	USD	1 Quarter
Gross profit	`GrossProfit`	$124.77M	USD	1 Quarter
Gross profit	`GrossProfit`	$99.40M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$54.44M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$52.92M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$70.33M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$46.48M	USD	1 Quarter
Other expense - net	`OtherNonoperatingIncomeExpense`	$-15.00K	USD	1 Quarter
Other expense - net	`OtherNonoperatingIncomeExpense`	$-84.00K	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$70.31M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$46.39M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$16.50M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$10.94M	USD	1 Quarter
Net income	`NetIncomeLoss`	$35.45M	USD	1 Quarter
Net income	`NetIncomeLoss`	$53.82M	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.38	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.58	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.58	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.38	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	93,338.00	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	93,306.00	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	93,574.00	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	93,599.00	shares	1 Quarter

Cash Flow Statement 56 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$35.45M	USD	1 Quarter
Net income	`NetIncomeLoss`	$53.82M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$5.46M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$4.68M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$-401.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$1.07M	USD	1 Quarter
Loss on disposal of property, net	`GainLossOnDispositionOfAssets1`	$-6.00K	USD	1 Quarter
Loss on disposal of property, net	`GainLossOnDispositionOfAssets1`	$-6.00K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$170.00K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$171.00K	USD	1 Quarter
Amortization of operating right of use assets	`OperatingLeaseRightOfUseAssetAmortizationExpense`	$3.16M	USD	1 Quarter
Amortization of operating right of use assets	`OperatingLeaseRightOfUseAssetAmortizationExpense`	$3.56M	USD	1 Quarter
Trade receivables	`IncreaseDecreaseInAccountsReceivable`	$12.17M	USD	1 Quarter
Trade receivables	`IncreaseDecreaseInAccountsReceivable`	$6.68M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-12.96M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-1.55M	USD	1 Quarter
Operating lease right of use assets	`IncreaseDecreaseInOperatingLeaseRightOfUseAsset`	$12.47M	USD	1 Quarter
Operating lease right of use assets	`IncreaseDecreaseInOperatingLeaseRightOfUseAsset`	$924.00K	USD	1 Quarter
Prepaid and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$106.00K	USD	1 Quarter
Prepaid and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-11.66M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-19.15M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-3.83M	USD	1 Quarter
Accrued and other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$12.51M	USD	1 Quarter
Accrued and other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-344.00K	USD	1 Quarter
Operating lease liabilities	`IncreaseDecreaseInOperatingLeaseLiability`	$-2.19M	USD	1 Quarter
Operating lease liabilities	`IncreaseDecreaseInOperatingLeaseLiability`	$9.31M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$40.62M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$56.66M	USD	1 Quarter
Additions to property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$4.77M	USD	1 Quarter
Additions to property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$2.61M	USD	1 Quarter
Proceeds from sale of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	-	USD	1 Quarter
Proceeds from sale of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$3.00K	USD	1 Quarter
Proceeds from sale of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	-	USD	1 Quarter
Proceeds from sale of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$3.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-2.61M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-4.77M	USD	1 Quarter
Proceeds from stock options exercised	`ProceedsFromStockOptionsExercised`	-	USD	1 Quarter
Proceeds from stock options exercised	`ProceedsFromStockOptionsExercised`	$58.00K	USD	1 Quarter
Repayments of long-term debt	`RepaymentsOfDebt`	-	USD	1 Quarter
Repayments of long-term debt	`RepaymentsOfDebt`	$30.00M	USD	1 Quarter
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$58.00K	USD	1 Quarter
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-30.00M	USD	1 Quarter
Net Increase in Cash and Equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$8.01M	USD	1 Quarter
Net Increase in Cash and Equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$51.95M	USD	1 Quarter
Cash and Equivalents - Beginning of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$245.53M	USD	Point-in-time
Cash and Equivalents - Beginning of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$48.05M	USD	Point-in-time
Cash and Equivalents - Beginning of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$56.06M	USD	Point-in-time
Cash and Equivalents - Beginning of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$193.59M	USD	Point-in-time
Cash and Equivalents - End of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$245.53M	USD	Point-in-time
Cash and Equivalents - End of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$48.05M	USD	Point-in-time
Cash and Equivalents - End of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$56.06M	USD	Point-in-time
Cash and Equivalents - End of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$193.59M	USD	Point-in-time
Interest paid	`InterestPaidNet`	$192.00K	USD	1 Quarter
Interest paid	`InterestPaidNet`	$61.00K	USD	1 Quarter
Income taxes (refunded) paid	`IncomeTaxesPaidNet`	$222.00K	USD	1 Quarter
Income taxes (refunded) paid	`IncomeTaxesPaidNet`	$-79.00K	USD	1 Quarter

Stockholders Equity 11 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$264.11M	USD	Point-in-time
Balance	`StockholdersEquity`	$408.29M	USD	Point-in-time
Balance	`StockholdersEquity`	$239.44M	USD	Point-in-time
Stock options exercised (in shares)	`StockIssuedDuringPeriodSharesStockOptionsExercised`	0.00	shares	1 Quarter
Net income	`NetIncomeLoss`	$35.45M	USD	1 Quarter
Net income	`NetIncomeLoss`	$53.82M	USD	1 Quarter
Cash flow hedges, net of tax	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent`	$-10.96M	USD	1 Quarter
Cash flow hedges, net of tax	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent`	$-1.75M	USD	1 Quarter
Balance	`StockholdersEquity`	$264.11M	USD	Point-in-time
Balance	`StockholdersEquity`	$408.29M	USD	Point-in-time
Balance	`StockholdersEquity`	$239.44M	USD	Point-in-time

Comprehensive Income 6 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$35.45M	USD	1 Quarter
Net income	`NetIncomeLoss`	$53.82M	USD	1 Quarter
Cash flow hedges	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent`	$-10.96M	USD	1 Quarter
Cash flow hedges	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent`	$-1.75M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$24.50M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$52.06M	USD	1 Quarter

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