Brown-Forman Corp.
Income Statement
| Line Item | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $3.25B | $2.99B | $4.01B | $4.10B | $3.95B | $3.78B | $3.61B | $3.40B |
| Cost of Revenue | $1.05B | $973.0M | $945.0M | $951.0M | $913.0M | $894.0M | $928.0M | $862.0M |
| Gross Profit | $2.20B | $2.02B | $2.14B | $2.18B | $2.08B | $1.96B | $1.80B | $1.72B |
| Gross Margin | 67.8% | 67.5% | 53.5% | 53.3% | 52.7% | 51.7% | 49.7% | 50.6% |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $765.0M | $657.0M | $688.0M | $697.0M | $686.0M | $650.0M | $610.0M | $574.0M |
| Operating Income | $1.05B | $1.01B | $1.53B | $1.03B | $971.0M | $898.0M | $788.0M | $855.0M |
| Operating Margin | 32.3% | 33.7% | 38.2% | 25.1% | 24.6% | 23.7% | 21.8% | 25.1% |
| Interest Expense | $68.0M | $59.0M | $46.0M | $27.0M | $26.0M | $36.0M | $31.0M | $29.0M |
| Pretax Income | $977.0M | $933.0M | $1.49B | $1.00B | $947.0M | $865.0M | $760.0M | $829.0M |
| Income Tax Expense | $260.0M | $264.0M | $422.0M | $318.0M | $288.0M | $274.0M | $247.0M | $257.0M |
| Net Income | $717.0M | $669.0M | $1.07B | $684.0M | $659.0M | $591.0M | $513.0M | $572.0M |
| Net Margin | 22.1% | 22.3% | 26.6% | 16.7% | 16.7% | 15.6% | 14.2% | 16.8% |
| EPS (Basic) | $1.49 | $1.38 | $2.10 | $1.62 | $3.08 | $2.77 | $2.39 | $2.61 |
| EPS (Diluted) | $1.48 | $1.37 | $2.09 | $1.60 | $3.06 | $2.75 | $2.37 | $2.60 |
| Shares Outstanding (Basic) | 480.3M | 484.6M | 507.4M | 423.2M | 213.5M | 213.4M | 214.5M | 218.4M |
| Shares Outstanding (Diluted) | 484.2M | 488.1M | 510.7M | 426.2M | 215.1M | 215.0M | 216.1M | 219.8M |
| Dividends Per Share | $1.61 | $0.56 | $0.52 | $0.61 | $1.09 | $4.98 | $0.89 | $1.49 |