THE BOSTON BEER COMPANY, INC.
Income Statement
| Line Item | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | FY2010 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $863.0M | $906.4M | $959.9M | $903.0M | $739.1M | $580.2M | $513.0M | $463.8M |
| Cost of Revenue | $413.1M | $446.8M | $458.3M | $438.0M | $354.1M | $265.0M | $228.4M | $207.5M |
| Gross Profit | $449.9M | $459.7M | $501.6M | $465.0M | $384.9M | $315.2M | $284.6M | $256.3M |
| Gross Margin | 52.1% | 50.7% | 52.3% | 51.5% | 52.1% | 54.3% | 55.5% | 55.3% |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $73.1M | $78.0M | $71.6M | $66.0M | $62.3M | $50.2M | $43.5M | $39.1M |
| Operating Income | $115.7M | $137.7M | $156.2M | $146.6M | $113.1M | $95.6M | $103.7M | $81.2M |
| Operating Margin | 13.4% | 15.2% | 16.3% | 16.2% | 15.3% | 16.5% | 20.2% | 17.5% |
| Interest Expense | — | — | — | — | — | — | — | — |
| Pretax Income | $116.1M | $137.1M | $155.0M | $145.6M | $112.5M | $95.5M | $103.5M | $81.1M |
| Income Tax Expense | $17.1M | $49.8M | $56.6M | $54.9M | $42.1M | $36.1M | $37.4M | $31.0M |
| Net Income | $99.0M | $87.3M | $98.4M | $90.7M | $70.4M | $59.5M | $66.1M | $50.1M |
| Net Margin | 11.5% | 9.6% | 10.3% | 10.0% | 9.5% | 10.2% | 12.9% | 10.8% |
| EPS (Basic) | $8.18 | $6.93 | $7.46 | $6.96 | $5.47 | $4.60 | $5.08 | $3.67 |
| EPS (Diluted) | $8.09 | $6.79 | $7.25 | $6.69 | $5.18 | $4.39 | $4.81 | $3.52 |
| Shares Outstanding (Basic) | 12.1M | 12.6M | — | — | — | — | 13.0M | 13.7M |
| Shares Outstanding (Diluted) | 12.2M | 12.8M | 13.5M | 13.5M | 13.5M | 13.4M | 13.7M | 14.2M |
| Dividends Per Share | — | — | — | — | — | — | — | — |