10-Q Filing

NATIONAL BEVERAGE CORP CIK: 69891 Q1 2024

Filing Information

Form Type	10-Q
Accession Number	`0001437749-23-025402`
Period End Date	20230731
Filing Date	20230907
Fiscal Year	2024
Fiscal Period	Q1
XBRL Instance	fizz20230729_10q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 73 Income Statement 26 Cash Flow Statement 52 Stockholders Equity 13 Comprehensive Income 6

Balance Sheet 73 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`	$158.07M	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`	$222.77M	USD	Point-in-time
Trade receivables - net	`AccountsReceivableNetCurrent`	$107.68M	USD	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	150,000.00	shares	Point-in-time
Trade receivables - net	`AccountsReceivableNetCurrent`	$104.92M	USD	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	150,000.00	shares	Point-in-time
Inventory	`InventoryNet`	$93.00M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Inventory	`InventoryNet`	$93.58M	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
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	200.00M	shares	Point-in-time
Prepaid and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$9.84M	USD	Point-in-time
Prepaid and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$8.03M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$431.47M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	101.73M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$366.40M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	101.73M	shares	Point-in-time
Property, plant and equipment - net	`PropertyPlantAndEquipmentNet`	$148.42M	USD	Point-in-time
Property, plant and equipment - net	`PropertyPlantAndEquipmentNet`	$149.30M	USD	Point-in-time
Right of use assets- net	`OperatingLeaseRightOfUseAsset`	$39.77M	USD	Point-in-time
Common stock, shares (in shares)	`TreasuryStockCommonShares`	8.37M	shares	Point-in-time
Common stock, shares (in shares)	`TreasuryStockCommonShares`	8.37M	shares	Point-in-time
Right of use assets- net	`OperatingLeaseRightOfUseAsset`	$39.51M	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`	$5.25M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$5.11M	USD	Point-in-time
Total assets	`Assets`	$574.34M	USD	Point-in-time
Total assets	`Assets`	$640.41M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$85.11M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$87.32M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$47.32M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$48.73M	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$11.74M	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$11.88M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$152.00K	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$8.90M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$144.32M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$156.83M	USD	Point-in-time
Deferred income taxes net	`DeferredIncomeTaxLiabilitiesNet`	$24.03M	USD	Point-in-time
Deferred income taxes net	`DeferredIncomeTaxLiabilitiesNet`	$19.81M	USD	Point-in-time
Operating lease liability - non current	`OperatingLeaseLiabilityNoncurrent`	$29.78M	USD	Point-in-time
Operating lease liability - non current	`OperatingLeaseLiabilityNoncurrent`	$29.91M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$7.56M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$7.94M	USD	Point-in-time
Total liabilities	`Liabilities`	$201.85M	USD	Point-in-time
Total liabilities	`Liabilities`	$218.33M	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	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; 101,727,658 issued at July 29, 2023 and April 29, 2023	`CommonStockValue`	$1.02M	USD	Point-in-time
Common stock, $.01 par value - 200,000,000 shares authorized; 101,727,658 issued at July 29, 2023 and April 29, 2023	`CommonStockValue`	$1.02M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$40.39M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$40.56M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$407.98M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$358.35M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-3.40M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-3.19M	USD	Point-in-time
Common stock - 8,374,112 shares	`TreasuryStockCommonValue`	$19.13M	USD	Point-in-time
Common stock - 8,374,112 shares	`TreasuryStockCommonValue`	$19.13M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$372.49M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$264.11M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$422.07M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$574.34M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$640.41M	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`	$324.24M	USD	1 Quarter
Cost of sales	`CostOfRevenue`	$218.72M	USD	1 Quarter
Cost of sales	`CostOfRevenue`	$209.76M	USD	1 Quarter
Gross profit	`GrossProfit`	$99.40M	USD	1 Quarter
Gross profit	`GrossProfit`	$114.48M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$52.92M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$51.38M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$63.10M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$46.48M	USD	1 Quarter
Other (income) expense - net	`OtherNonoperatingIncomeExpense`	$-84.00K	USD	1 Quarter
Other (income) expense - net	`OtherNonoperatingIncomeExpense`	$2.06M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$65.17M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$46.39M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$15.54M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$10.94M	USD	1 Quarter
Net income	`NetIncomeLoss`	$49.63M	USD	1 Quarter
Net income	`NetIncomeLoss`	$35.45M	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$53.00	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$38.00	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$38.00	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$53.00	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	93.35M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	93.34M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	93.61M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	93.60M	shares	1 Quarter

Cash Flow Statement 52 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$49.63M	USD	1 Quarter
Net income	`NetIncomeLoss`	$35.45M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$5.46M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$4.96M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$4.28M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$1.07M	USD	1 Quarter
Loss on disposal of property, net	`GainLossOnSaleOfProperties`	$-3.00K	USD	1 Quarter
Loss on disposal of property, net	`GainLossOnSaleOfProperties`	$-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`	$3.33M	USD	1 Quarter
Amortization of operating right of use assets	`OperatingLeaseRightOfUseAssetAmortizationExpense`	$3.16M	USD	1 Quarter
Trade receivables	`IncreaseDecreaseInAccountsReceivable`	$6.68M	USD	1 Quarter
Trade receivables	`IncreaseDecreaseInAccountsReceivable`	$2.76M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-12.96M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-579.00K	USD	1 Quarter
Operating lease right of use assets	`IncreaseDecreaseInOperatingLeaseRightOfUseAsset`	$12.47M	USD	1 Quarter
Operating lease right of use assets	`IncreaseDecreaseInOperatingLeaseRightOfUseAsset`	$3.59M	USD	1 Quarter
Prepaid and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-11.66M	USD	1 Quarter
Prepaid and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-1.48M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$2.22M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-19.15M	USD	1 Quarter
Accrued and other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$9.56M	USD	1 Quarter
Accrued and other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-344.00K	USD	1 Quarter
Operating lease liabilities	`IncreaseDecreaseInOperatingLeaseLiability`	$287.00K	USD	1 Quarter
Operating lease liabilities	`IncreaseDecreaseInOperatingLeaseLiability`	$9.31M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$70.14M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$40.62M	USD	1 Quarter
Additions to property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$2.61M	USD	1 Quarter
Additions to property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$5.47M	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`	$26.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-2.61M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-5.45M	USD	1 Quarter
Repayments of loan facility	`RepaymentsOfDebt`	$30.00M	USD	1 Quarter
Repayments of loan facility	`RepaymentsOfDebt`	-	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-30.00M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	-	USD	1 Quarter
Net Increase in Cash and Equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$8.01M	USD	1 Quarter
Net Increase in Cash and Equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$64.69M	USD	1 Quarter
Cash and Equivalents - Beginning of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$222.77M	USD	Point-in-time
Cash and Equivalents - Beginning of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$158.07M	USD	Point-in-time
Cash and Equivalents - Beginning of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$56.06M	USD	Point-in-time
Cash and Equivalents - Beginning of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$48.05M	USD	Point-in-time
Cash and Equivalents - End of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$222.77M	USD	Point-in-time
Cash and Equivalents - End of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$158.07M	USD	Point-in-time
Cash and Equivalents - End of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$56.06M	USD	Point-in-time
Cash and Equivalents - End of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$48.05M	USD	Point-in-time
Interest paid	`InterestPaidNet`	$192.00K	USD	1 Quarter
Interest paid	`InterestPaidNet`	$112.00K	USD	1 Quarter
Income taxes paid (refunded)	`IncomeTaxesPaidNet`	$-79.00K	USD	1 Quarter
Income taxes paid (refunded)	`IncomeTaxesPaidNet`	$1.00K	USD	1 Quarter

Stockholders Equity 13 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$372.49M	USD	Point-in-time
Balance	`StockholdersEquity`	$264.11M	USD	Point-in-time
Balance	`StockholdersEquity`	$422.07M	USD	Point-in-time
Beginning and end of period	`StockholdersEquity`	$372.49M	USD	Point-in-time
Beginning and end of period	`StockholdersEquity`	$264.11M	USD	Point-in-time
Beginning and end of period	`StockholdersEquity`	$422.07M	USD	Point-in-time
Balance	`StockholdersEquity`	$372.49M	USD	Point-in-time
Balance	`StockholdersEquity`	$264.11M	USD	Point-in-time
Balance	`StockholdersEquity`	$422.07M	USD	Point-in-time
Net income	`NetIncomeLoss`	$49.63M	USD	1 Quarter
Net income	`NetIncomeLoss`	$35.45M	USD	1 Quarter
Cash flow hedges, net of tax	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent`	$-10.96M	USD	1 Quarter
Cash flow hedges, net of tax	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent`	$-211.00K	USD	1 Quarter

Comprehensive Income 6 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$49.63M	USD	1 Quarter
Net income	`NetIncomeLoss`	$35.45M	USD	1 Quarter
Cash flow hedges	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent`	$-10.96M	USD	1 Quarter
Cash flow hedges	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent`	$-211.00K	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$24.50M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$49.42M	USD	1 Quarter

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