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Question: overall detailed analysis and conclusion as to the performance brown...
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Overall detailed analysis and conclusion as to the performance
| BROWN FORMAN CORPORATION | ||||
| CONSOLIDATED BALANCE SHEETS | ||||
| (Dollars in millions) | ||||
| 2017 | % | 2018 | % | |
| Assets | ||||
| Cash & Cash equivalents | 182 | 3.94% | 239 | 4.80% |
| Accounts receivable, net | 557 | 12.04% | 639 | 12.84% |
| Inventories | 1,270 | 27.46% | 1,379 | 27.71% |
| Other Current Assets | 342 | 7.39% | 298 | 5.99% |
| Total Current Assets | 2,351 | 50.83% | 2,555 | 51.35% |
| Property, plant and eqeuipment | 713 | 15.42% | 780 | 15.68% |
| Goodwill | 753 | 16.28% | 763 | 15.33% |
| Other intangible assets | 641 | 13.86% | 670 | 13.46% |
| Deferred tax assets | 16 | 0.35% | 16 | 0.32% |
| Other Assets | 151 | 3.26% | 192 | 3.86% |
| Total Assets | 4,625 | 100% | 4,976 | 100% |
| Liabilities | ||||
| Accounts payable and accrued expenses | 501 | 10.83% | 581 | 11.68% |
| Income taxes | 9 | 0.19% | 25 | 0.50% |
| Income borrowings | 211 | 4.56% | 215 | 4.32% |
| Current portion of long-term debt | 249 | 5.38% | - | 0.00% |
| Total current liabilities | 970 | 20.97% | 821 | 16.50% |
| Long-term debt | 1,689 | 36.52% | 2,341 | 47.05% |
| Deferred tax liabilities | 152 | 3.29% | 85 | 1.71% |
| Accrued pension and other postreitrement benefits | 314 | 6.79% | 191 | 3.84% |
| Other liabilities | 130 | 2.81% | 222 | 4.46% |
| Total Liabilities | 3,255 | 70.38% | 3,660 | 73.55% |
| Stockholders' Equity | ||||
| Common Stock | ||||
| Class A, voting, $0.15 par value (170,000,000 shares authorized) | 25 | 0.54% | 25 | 0.50% |
| Class B, nonvoting, $0.15 par value (400,000,000 shares authorized) | 43 | 0.93% | 47 | 0.94% |
| Additional paid-in capital | 65 | 1.41% | 4 | 0.08% |
| Retained earnings | 4,470 | 96.65% | 1,730 | 34.77% |
| Accumulated other comprehensive income (loss), net of tax | (390) | -8.43% | (378) | -7.60% |
| Treasury stock, at cost (88,175,000 and 3,531,000 shares in 2017 and 2018, respectively | (2843) | -61.47% | (112) | -2.25% |
| Total stockholders' equity | 1,370 | 29.62% | 1,316 | 26.45% |
| Total liabilities and stockholders' equity | 4,625 | 100.00% | 4,976 | 100.00% |
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