Farmer brothers co (FARM)
Balance Sheet / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11
ASSETS
Current assets:
Cash and cash equivalents

26,400

9,130

7,425

6,983

12,194

13,333

5,503

2,438

6,974

5,414

7,297

6,241

5,727

8,443

16,502

21,095

13,330

13,046

22,765

15,160

9,412

4,746

4,782

11,993

5,156

7,864

4,930

2,678

5,525

5,218

2,545

3,906

3,463

4,121

4,552

6,081

Restricted cash

-

-

-

-

-

-

2,628

-

-

-

-

-

-

-

-

-

0

0

1,274

1,002

7,192

720

-

0

0

3,576

6,260

8,084

3,751

3,599

129

1,612

1,774

1,813

628

460

Short-term investments

-

-

-

-

-

-

-

-

0

0

359

368

26,541

26,190

26,017

25,591

24,814

-

-

23,665

-

-

-

22,632

-

-

-

-

-

-

-

-

-

-

-

-

Short-term investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

24,313

22,837

-

23,970

23,687

22,063

-

21,571

20,553

20,425

-

-

-

-

-

-

-

-

-

Short-term investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

20,546

20,769

20,553

20,486

19,736

18,486

17,632

15,825

24,414

Accounts and Financing Receivable, after Allowance for Credit Loss, Current

50,889

60,404

57,465

55,155

65,755

79,450

62,504

58,498

61,988

62,275

47,076

46,446

50,426

50,277

46,914

44,364

46,568

45,589

42,973

40,161

44,300

46,183

46,172

42,230

45,170

46,368

42,840

43,922

42,793

43,752

43,139

40,736

41,685

44,765

44,554

43,501

Inventory, Net

85,934

85,134

91,730

87,910

100,370

115,540

115,572

104,431

75,080

73,284

64,789

79,790

60,712

56,559

51,102

46,378

54,550

53,036

56,744

50,522

57,351

70,677

71,931

71,044

67,018

62,568

68,682

60,867

67,273

68,385

69,924

65,981

75,451

77,874

83,098

79,449

Income tax receivable

1,020

1,631

1,741

1,191

346

324

322

305

156

206

198

318

293

274

254

247

605

610

797

535

670

228

198

228

175

158

226

409

117

472

369

762

830

178

168

448

Short-term derivative assets

2,833

9,051

317

1,865

144

-

-

0

-

-

-

-

0

0

3,688

3,954

1,039

-

-

0

0

0

3,531

5,153

18,534

-

-

0

-

-

-

-

-

-

-

-

Prepaid expenses

6,230

5,820

7,500

6,804

7,082

7,335

7,615

7,842

8,841

9,176

8,070

7,540

4,789

4,457

4,210

4,557

4,091

4,447

3,685

4,640

3,630

4,919

3,561

4,180

3,193

3,490

2,748

3,243

2,800

2,740

3,091

3,445

2,791

3,196

2,249

2,747

Assets held for sale

-

-

1,718

-

-

-

-

-

-

-

-

-

0

0

7,083

7,179

9,326

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total current assets

173,295

171,170

167,896

159,908

185,891

215,982

194,144

173,514

153,039

150,355

127,789

140,703

148,488

146,200

155,770

153,365

154,323

141,041

151,075

135,685

146,525

151,160

152,238

157,460

160,817

144,577

146,111

139,749

143,028

144,719

139,683

136,178

144,480

149,579

151,074

157,100

Property, Plant and Equipment, Net

169,361

171,983

181,154

189,458

191,250

193,626

191,138

186,589

183,501

178,148

172,680

176,066

171,977

165,110

140,674

118,416

100,871

98,739

90,271

90,201

90,377

92,141

93,989

95,641

95,773

94,589

90,225

92,159

93,838

98,160

103,317

108,137

106,855

105,031

108,944

114,340

Goodwill

0

36,200

36,224

36,200

36,200

36,200

36,224

36,224

36,561

21,861

10,996

10,996

9,940

2,143

-

272

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Intangible assets, net

21,264

27,673

28,275

28,878

29,528

30,179

30,855

31,515

32,207

51,036

18,315

18,618

19,172

14,696

-

6,219

-

-

-

-

-

5,628

5,628

-

5,628

5,845

6,061

6,277

6,586

6,929

7,272

7,615

8,232

13,902

14,270

9,329

Goodwill and intangible assets, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

6,441

-

6,541

6,591

6,641

6,691

6,741

-

-

5,628

-

-

-

-

-

-

-

-

-

-

-

-

Other assets

9,144

9,520

9,485

9,468

9,962

8,703

8,653

8,381

7,127

7,263

6,717

6,837

7,311

7,390

7,781

9,933

7,815

7,299

7,612

7,615

6,001

6,045

6,556

7,034

7,895

6,760

5,402

5,484

5,247

5,273

5,358

5,125

4,839

4,877

4,919

4,963

Long-term derivatives assets

470

443

215

674

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Right-of-use operating lease assets

21,789

19,696

16,349

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred income taxes

-

-

-

-

0

43,343

42,237

39,308

45,779

45,593

65,862

53,933

66,046

67,147

79,299

80,786

751

751

751

751

414

414

414

414

467

467

467

467

861

861

861

861

1,007

1,007

1,007

1,008

Total assets

395,323

436,709

439,598

424,610

452,855

528,057

503,251

475,531

458,214

454,256

402,359

407,153

422,934

402,686

389,965

368,991

270,301

254,421

256,350

240,943

250,058

255,388

258,825

266,177

270,580

252,238

248,266

244,136

249,560

255,942

256,491

257,916

270,723

274,396

280,214

292,050

LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable

59,577

59,828

71,800

72,771

62,810

78,124

73,860

56,603

59,059

51,218

45,620

39,784

45,216

53,446

34,837

23,919

27,186

26,199

38,892

27,023

29,040

37,245

40,096

44,336

33,563

29,482

29,374

27,740

29,878

30,453

29,196

27,266

31,688

39,818

38,146

42,422

Accrued payroll expenses

14,329

16,021

16,109

14,518

15,831

17,176

20,052

17,918

16,369

17,286

18,376

17,345

18,168

17,559

16,499

24,540

22,863

22,356

23,451

23,005

17,692

19,706

15,572

22,190

19,153

20,230

19,871

19,757

15,372

17,009

18,341

19,130

18,040

18,525

16,171

16,958

Operating Lease, Liability, Current

6,031

5,571

4,332

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Short-term borrowings under revolving credit facility

-

-

-

-

0

0

101,807

89,787

85,885

84,430

30,070

27,621

44,175

18,532

200

109

307

185

154

78

10,096

1,345

2,021

78

9,366

8,523

10,138

9,654

9,912

15,074

24,996

29,126

28,702

25,971

33,398

31,362

Short-term obligations under capital leases

-

-

-

-

57

103

150

190

239

488

769

958

1,131

1,214

1,261

1,323

1,871

2,522

2,904

3,249

3,493

3,654

3,747

3,779

3,725

3,413

3,430

3,409

3,435

3,527

3,683

3,737

2,745

1,674

1,588

1,570

Short-term derivative liabilities

1,401

368

3,461

1,474

5,543

4,201

7,245

3,300

2,604

1,649

2,305

1,857

339

437

-

0

0

79

3,632

3,977

9,556

3,720

-

0

0

7,125

9,350

9,896

5,916

6,292

29

737

2,585

794

3,283

1,729

Sale Leaseback Financing Obligation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

42,765

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,390

1,390

1,390

1,390

1,169

1,169

1,169

1,169

923

923

923

923

1,445

1,445

1,445

1,445

476

476

476

476

Other Liabilities, Current

6,476

7,982

7,024

7,309

7,548

8,448

9,848

10,659

10,878

10,991

9,745

9,702

7,074

7,348

8,042

6,946

6,941

5,934

6,539

6,152

6,181

5,182

5,472

5,318

5,728

5,519

6,309

5,171

6,728

5,242

5,268

5,296

5,287

4,276

4,063

4,527

Total current liabilities

87,814

89,770

102,726

96,072

91,789

108,052

212,962

178,457

175,034

166,062

106,885

97,267

116,103

98,536

103,604

56,837

60,558

58,665

76,962

64,874

77,227

72,021

68,077

76,870

72,458

75,215

79,395

76,550

72,686

79,042

82,958

86,737

89,523

91,534

97,125

99,044

Long-term borrowings under revolving credit facility

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

10,000

-

-

-

-

-

-

-

-

Long-term Line of Credit, Noncurrent

80,000

70,000

85,000

92,000

123,000

130,000

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

10,000

10,000

-

10,000

10,000

-

0

-

-

-

-

Accrued pension liabilities

45,145

45,717

46,290

47,216

46,776

47,593

41,310

40,380

49,988

50,505

50,580

51,281

67,331

67,408

67,522

68,047

47,215

47,380

47,506

47,871

39,070

39,573

39,804

40,256

43,550

43,769

43,797

43,800

47,651

47,456

47,217

48,191

26,909

28,173

24,993

28,048

Long-term derivative liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

210

687

1,129

-

-

-

0

-

-

-

-

Accrued postretirement benefits

9,065

22,597

22,751

23,024

17,949

18,336

18,976

20,473

18,435

19,112

19,459

19,788

20,183

20,361

20,615

20,808

23,087

23,273

23,505

23,471

19,279

19,477

19,740

19,970

15,048

15,406

16,267

16,076

22,989

22,878

22,815

22,526

19,239

19,172

19,027

18,996

Accrued workers’ compensation liabilities

5,000

5,000

4,747

4,747

4,938

4,938

5,354

5,354

6,365

6,365

7,548

7,548

10,248

10,248

11,459

11,459

11,383

11,383

10,964

10,964

8,124

8,124

7,604

7,604

8,074

7,818

5,082

5,132

4,022

4,022

4,131

4,131

3,821

3,624

3,639

3,639

Operating lease liabilities - noncurrent

16,010

14,318

12,084

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other long-term liabilities-capital leases

-

-

-

-

-

-

-

-

77

116

183

-

389

449

699

1,036

1,247

1,583

2,059

2,599

3,265

4,156

5,041

5,924

6,797

7,657

8,505

8,759

9,552

10,617

11,368

12,130

9,759

6,254

6,664

7,066

Other Liabilities, Noncurrent

4,553

3,147

4,431

4,057

2,619

813

2,061

1,812

2,008

2,156

1,187

1,717

600

100

100

28,210

19,254

8,384

3,609

225

327

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

Deferred income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,000

1,000

909

928

785

780

718

689

962

983

888

852

759

648

649

649

1,842

1,842

1,842

1,842

Total liabilities

247,587

250,549

278,029

267,116

287,071

309,732

280,663

246,476

251,907

244,316

185,842

177,601

214,854

197,102

203,999

186,397

163,744

151,668

165,514

150,932

148,077

144,131

140,984

151,313

146,889

161,058

164,621

162,298

167,659

174,663

169,138

174,364

151,093

150,599

153,290

158,635

Commitments and contingencies

-

-

-

-

-

-

0

-

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

-

0

-

-

-

0

-

-

-

-

Stockholders’ equity:
Preferred Stock, Value, Issued

15

15

15

15

15

15

15

15

15

15

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

Common stock, $1.00 par value, 25,000,000 shares authorized; 17,231,473 and 17,042,132 shares issued and outstanding as of March 31, 2020 and June 30, 2019, respectively

17,234

17,180

17,095

17,042

17,005

17,002

16,978

16,952

16,928

16,900

16,843

16,846

16,842

16,826

16,794

16,782

16,769

16,738

16,676

16,658

16,638

16,592

16,594

16,562

16,560

16,464

16,454

16,454

16,449

16,342

16,314

16,309

16,281

16,262

16,187

16,186

Additional paid-in capital

61,027

59,663

58,718

57,912

57,321

56,135

57,227

55,965

54,780

53,322

42,304

41,495

40,704

39,406

40,109

39,096

38,171

37,021

39,696

38,143

36,485

34,494

37,725

35,917

34,604

32,103

35,561

34,654

33,728

31,906

35,653

34,834

34,093

33,071

37,259

36,470

Retained earnings

118,394

158,310

150,694

146,177

155,072

206,955

217,189

220,307

199,252

203,289

222,186

236,993

220,070

218,476

198,400

196,782

112,543

111,351

105,790

106,864

109,051

111,623

108,727

106,212

103,101

100,593

95,885

94,080

97,056

98,363

105,519

102,542

112,814

118,023

121,837

129,118

Unearned ESOP shares

-

-

-

-

0

0

2,145

2,145

2,145

2,145

4,289

4,289

4,289

4,289

6,434

6,434

6,434

6,434

11,234

11,234

11,234

11,234

16,035

16,035

16,035

16,035

20,836

20,836

20,836

20,836

25,637

25,637

25,636

25,637

30,437

30,437

Accumulated other comprehensive loss

48,934

49,008

64,953

63,652

63,629

61,782

66,676

62,039

62,523

61,441

60,527

61,493

65,247

64,835

62,903

63,632

54,492

55,923

60,092

60,420

48,959

40,218

29,170

27,792

14,539

41,945

43,419

42,514

44,496

44,496

44,496

44,496

17,922

17,922

17,922

17,922

Stockholders' Equity Attributable to Parent

147,736

186,160

161,569

157,494

165,784

218,325

222,588

229,055

206,307

209,940

216,517

229,552

208,080

205,584

185,966

182,594

106,557

102,753

90,836

90,011

101,981

111,257

117,841

114,864

123,691

91,180

83,645

81,838

81,901

81,279

87,353

83,552

119,630

123,797

126,924

133,415

Total liabilities and stockholders’ equity

395,323

436,709

439,598

424,610

452,855

528,057

503,251

475,531

458,214

454,256

402,359

407,153

422,934

402,686

389,965

368,991

270,301

254,421

256,350

240,943

250,058

255,388

258,825

266,177

270,580

252,238

248,266

244,136

249,560

255,942

256,491

257,916

270,723

274,396

280,214

292,050