← BOSTON BEER CO INC
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | $87.3m | $99.0m | $92.7m | $110.0m | $192.0m | $14.6m | $67.3m | $76.2m | $59.7m | $108.5m | — | |
| Depreciation, Depletion and Amortization | $49.6m | $51.3m | $52.0m | $56.3m | $65.7m | $72.1m | $81.4m | $88.1m | $94.0m | $90.4m | $87.8m | |
| Amortization of Intangible Assets | — | — | — | — | — | $253k | $253.0m | $253.0m | $613.0m | $1.7m | — | |
| Depreciation | $49.3m | $51.2m | $51.8m | $56.1m | $65.4m | $71.8m | $81.1m | $87.9m | $93.2m | $88.8m | $87.8m | |
| Deferred Income Tax Expense (Benefit) | $8.2m | ($22.4m) | $14.3m | $7.4m | $17.7m | ($5.2m) | $9.1m | ($10.9m) | ($19.9m) | ($1.0m) | ($33.9m) | |
| Share-based Payment Arrangement, Noncash Expense | $6.1m | $6.3m | $10.0m | $12.3m | $15.3m | $18.6m | $14.0m | $17.0m | $19.0m | $21.8m | $22.3m | |
| Payment, Tax Withholding, Share-based Payment Arrangement | — | — | $0 | — | $1.7m | $15.5m | $3.5m | $2.1m | $2.4m | $2.4m | — | |
| Gain (Loss) on Sale of Assets and Asset Impairment Charges | $235k | ($2.5m) | ($652k) | — | — | — | — | — | — | — | — | |
| Goodwill, Impairment Loss | — | — | — | — | — | $0 | $0 | $0 | $0 | $0 | $2.2m | |
| Impairment of Intangible Assets (Excluding Goodwill) | $716k | $2.5m | $652k | $911k | $4.5m | $0 | $27.1m | $16.4m | $42.6m | $6.4m | — | |
| Impairment of Intangible Assets, Finite-lived | $716k | $2.5m | $652k | $911k | $4.5m | $18.5m | $27.1m | $16.4m | $42.6m | $6.4m | — | |
| Operating Lease, Impairment Loss | — | — | — | — | — | — | $200k | $400k | — | $600k | — | |
| Nonoperating Income (Expense) | ($538k) | $467k | $405k | ($542k) | $23k | ($1.1m) | $645k | $9.6m | $11.6m | $8.6m | — | |
| Other Nonoperating Income (Expense) | ($706k) | ($82k) | ($887k) | ($1.2m) | $222k | ($978k) | ($1.9m) | ($1.4m) | ($1.6m) | ($1.4m) | — | |
| Changes in operating assets and liabilities: | ||||||||||||
| Increase (Decrease) in Accounts Receivable | ($2.5m) | ($2.9m) | $1.6m | $12.3m | $24.0m | ($23.1m) | $2.0m | $10.3m | ($5.5m) | ($4.4m) | $5.5m | |
| Accounts Receivable, Credit Loss Expense (Reversal) | — | — | — | $45k | $488k | ($182k) | — | — | — | — | $5.5m | |
| Increase (Decrease) in Inventories | ($445k) | $1.7m | $21.3m | $24.9m | $24.5m | $21.2m | ($131k) | ($31.5m) | ($6.9m) | ($23.4m) | $15.3m | |
| Inventory Write-down | $4.5m | $5.8m | $4.2m | $8.1m | $11.3m | $62.6m | $35.9m | $19.3m | $21.9m | $13.7m | — | |
| Increase (Decrease) in Accounts Payable | ($1.8m) | $245k | $6.4m | $21.4m | $40.8m | ($27.4m) | ($2.2m) | $2.8m | $2.6m | $5.2m | $14.2m | |
| Net Cash Provided by (Used in) Operating Activities | $154.2m |
$136.0m
-11.81%
|
$163.4m
+20.20%
|
$178.2m
+9.05%
|
$253.4m
+42.17%
|
$56.3m
-77.78%
|
$199.9m
+255.16%
|
$265.2m
+32.61%
|
$248.9m
-6.13%
|
$270.2m
+8.54%
|
$259.3m
-4.01%
|
|
| Cash flows from investing activities: | ||||||||||||
| Gain (Loss) on Disposition of Property Plant Equipment | $3.9m | $25k | $27k | ($871k) | $639k | $217k | $237k | $1.7m | $23k | $47k | — | |
| Payments to Acquire Property, Plant, and Equipment | $49.9m | $33.0m | $55.5m | $93.2m | $140.0m | $147.9m | $90.6m | $64.1m | $76.3m | $54.6m | ($53.3m) | |
| Payments to Acquire Businesses, Net of Cash Acquired | — | — | $50k | — | — | — | — | — | — | — | — | |
| Payments for (Proceeds from) Other Investing Activities | — | — | — | $244k | ($392k) | ($145k) | — | — | — | — | — | |
| Net Cash Provided by (Used in) Investing Activities | ($46.0m) | ($32.9m) | ($55.3m) | ($258.8m) | ($139.1m) | ($146.6m) | ($88.5m) | ($62.4m) | ($96.3m) | ($54.5m) | ($53.2m) | |
| Cash flows from financing activities: | ||||||||||||
| Payments for Repurchase of Common Stock | $164.7m | $144.6m | $88.3m | — | — | — | — | $92.9m | $238.6m | $202.4m | — | |
| Net Cash Provided by (Used in) Financing Activities | ($111.3m) |
($128.5m)
-15.38%
|
($65.3m)
+49.13%
|
$8.9m
+113.56%
|
$12.3m
+39.11%
|
($6.6m)
-153.90%
|
$2.8m
+142.16%
|
($84.8m)
-3130.07%
|
($239.3m)
-182.07%
|
($204.1m)
+14.72%
|
($153.0m)
+25.03%
|
|
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | $91.0m | $65.6m | $42.8m | ($71.7m) | $126.6m | ($97.0m) | $114.2m | $117.9m | ($86.7m) | $11.6m | $265.5m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | $108.4m | $36.7m | $163.3m | $66.3m | $180.6m | $298.5m | $211.8m | $223.4m | $265.5m | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Proceeds from Stock Options Exercised | $40.1m | $15.4m | $22.1m | $8.1m | $15.3m | $10.5m | $7.9m | $11.7m | $3.6m | $2.5m | — | |
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | — | — | — | $451k | $246k | — | — | — | — | — | — | |
| Income Taxes Paid, Net | $31.0m | $43.0m | $11.4m | $30.8m | $36.0m | $53.9m | $17.0m | ($35.7m) | ($52.0m) | ($63.4m) | — | |
| Additional Financial Items | ||||||||||||
| General and Administrative Expense | $78.0m | $73.1m | $90.9m | $112.7m | $118.2m | $133.6m | $157.5m | $174.5m | $189.9m | $190.8m | — | |
| Goodwill | $3.7m | $3.7m | $3.7m | $112.5m | $112.5m | $112.5m | $112.5m | $112.5m | $112.5m | $112.5m | $2.2m | |
| Income Tax Expense (Benefit) | $49.8m | $17.1m | $23.6m | $34.3m | $52.3m | ($7.6m) | $24.2m | $33.3m | $27.9m | $45.0m | — | |
| Operating Expenses | $322.0m | $334.2m | $396.4m | $469.3m | $570.2m | $789.8m | $771.2m | $752.4m | $817.8m | $807.7m | — | |
| Revenue from Contract with Customer, Including Assessed Tax | — | — | $1.1b | $1.3b | $1.9b | $2.2b | $2.2b | $2.1b | $2.1b | $2.1b | — |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.