Brown-Forman (BF-B) 10-K Summary — Year Ended Apr 30, 2023
Brown-Forman Corporation filed its annual report for the period ended in 2023. The filing covers business overview, risk factors, management discussion, and liquidity and capital resources.
Key takeaway
Year ended Apr 30, 2023 · FY2025 10-K
Brown-Forman Corporation filed its annual report for the period ended in 2023. The filing covers business overview, risk factors, management discussion, and liquidity and capital resources.
Financial snapshot
Selected annual figures reported with the filing, shown separately from the narrative summary.
Annual revenue
$4.2B
Revenue reported for the fiscal year.
Operating income
$1.1B
Income from operations reported for the year.
Net income
$783M
Net income reported for the year.
Operating cash flow
$640M
Cash generated by operating activities.
Annual revenue trend
Reported annual revenue and its change from the preceding fiscal year.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Apr 30, 2022 | $3.9B | n/a |
| Apr 30, 2023 | $4.2B | +7.5% |
Business overview
The company describes its business in Item 1 of the filing, which includes an overview of operations. The report also indicates that risk factors are discussed separately in Item 1A.
Financial performance
Reported revenue increased compared to the prior period, while operating income, net income, and operating cash flow were disclosed. The trend shows revenue growth from the prior year.
Material risks
The filing identifies risk factors in Item 1A, which the company notes may affect its business. No specific risks are detailed in the supplied context beyond the reference to that section.
Liquidity and capital
The filing includes a separate section on liquidity and capital resources. No further details on capital allocation themes are provided in the supplied context.
What to watch
Monitor the next filing for any updates to the risk factors outlined in Item 1A.