Financial Statements

Brown-Forman Corporation (BF-A)

$63.5

+1.41 (+2.27%)
Income Statement
Balance Sheet
Cash Flow

Income Statement

All numbers are in thousands

Retained Earning Schedule

Year 2021 2020 2019 2018 2017
Retained Earnings (Previous Year) 2,7082,2381,7304,470-
Net Income 903827835717669
Stock Dividends -30-32-17-2,6844,075
Dividend Paid -338-325-310-773-274
Retained Earnings 3,2432,7082,2381,7304,470

PPE Schedule

Year 2021 2020 2019 2018 2017
Gross PPE 848816780713-
Annual Depreciation 49151157195828
Capital Expenditure -65-119-121-128-115
Net PPE 832848816780713

Intangible and Goodwill Schedule

Year 2021 2020 2019 2018 2017
Intangible and Goodwill (Previous Year) -753763753756
New Purchases -----
Intangible and Goodwill 753763753756779

Brown-Forman Corporation income statement is the only one that provides an overview of company sales and net income
The reasoning behind the adjustment, however, is that free cash flow is meant to measure money being spent right now, not transactions that happened in the past. This makes Brown-Forman Corporation FCF a useful instrument for identifying growing companies with high up-front costs, which may eat into earnings now but have the potential to pay off later.