Brown Forman (BF.B) FY2024 results: revenue $4.2 billion, down 1.2% on the year
Brown Forman Corp. (BF.B) reported revenue of $4.2 billion for fiscal 2024, the year ended 30 April 2024, down 1.2% on the year before. Net income was $1.0 billion, up 30.8%, and diluted earnings per share $2.14. The figures are the company's own, from the 10-K it filed with the SEC on 14 June 2024.
Revenue
$4.2 billion
-1.2% on the year
FY2017FY2024
Operating margin
33.8%
26.7% a year earlier
FY2017FY2024
Net income
$1.0 billion
+30.8% on the year
FY2017FY2024
Diluted EPS
$2.14
+31.3% on the year
FY2017FY2024
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
647
640
936
+1.1%
Capital expenditure
228
183
138
+24.6%
Free cash flow
419
457
798
-8.3%
Free cash flow margin
10.0%
10.8%
20.3%
Cash from investing
49.0
-1,355
-127
Cash from financing
-618
239
-1,038
Depreciation and amortisation
87.0
80.0
79.0
+8.8%
Share-based compensation
25.0
18.0
15.0
+38.9%
Buybacks
400
0.0
0.0
Dividends paid
404
378
831
+6.9%
Dividend per share
$0.85
$0.79
$1.74
+7.4%
Diluted shares, weighted
477m
480m
481m
-0.7%
Shares outstanding at period end
473m
479m
479m
-1.4%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
3,517
3,268
2,737
+7.6%
Short-term borrowings
n/a
n/a
0.0
Debt
3,100
2,913
2,269
+6.4%
Operating lease liabilities
73.0
63.0
54.0
+15.9%
Other liabilities
1,476
1,533
1,313
-3.7%
Total liabilities and equity
8,166
7,777
6,373
+5.0%
Fixed assets
1,074
1,031
875
+4.2%
Goodwill
1,455
1,457
761
-0.1%
Intangible assets
990
1,164
586
-14.9%
Cash and equivalents
446
374
868
+19.3%
Receivables
769
855
813
-10.1%
Inventory
2,556
2,283
1,818
+12.0%
Other assets
876
613
652
+42.9%
Total assets
8,166
7,777
6,373
+5.0%
10-K for the year ended 30 April 2024, filed 14 June 2024: the filing.