Farmer brothers co (FARM)
Income statement / 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'11Mar'11Dec'10Sep'10
Net sales

129,139

152,498

138,600

142,050

146,679

159,773

147,440

149,538

157,927

167,366

131,713

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cost of goods sold

91,190

108,513

97,959

104,327

106,779

106,529

99,205

96,807

105,629

111,089

85,630

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net sales

-

-

-

-

-

-

-

-

-

-

-

-

138,187

139,025

130,488

134,162

134,468

142,307

133,445

132,582

132,507

144,809

135,984

130,197

125,525

143,129

129,529

129,744

127,279

136,699

120,147

120,948

121,527

131,770

121,197

119,243

116,732

119,227

108,743

Cost of goods sold

-

-

-

-

-

-

-

-

-

-

-

-

84,367

83,929

79,290

119,041

81,908

89,399

82,866

83,378

85,938

91,667

87,863

84,714

77,473

88,755

81,524

83,749

79,833

88,105

77,006

75,419

78,380

87,229

81,512

92,578

74,871

74,211

64,798

Gross profit

37,949

43,985

40,641

37,723

39,900

53,244

48,235

52,731

52,298

56,277

46,083

26,737

53,820

55,096

51,198

15,121

52,560

52,908

50,579

49,204

46,569

53,142

48,121

45,483

48,052

54,374

48,005

45,995

47,446

48,594

43,141

45,529

43,147

44,541

39,685

26,665

41,861

45,016

43,945

Selling expenses

31,968

34,906

33,614

28,324

34,422

39,591

37,310

40,654

37,754

42,127

32,856

15,622

40,377

39,097

38,438

10,519

38,447

37,853

36,441

36,051

37,653

39,599

38,450

37,560

42,592

38,322

36,614

40,662

39,066

40,276

37,029

40,280

37,909

36,771

35,681

40,572

43,311

43,624

43,163

General and administrative expenses

8,833

11,266

12,740

16,896

11,306

12,140

8,617

9,608

14,157

14,305

11,359

11,020

9,196

13,793

8,936

12,019

10,977

9,509

9,465

7,686

6,618

9,860

7,009

9,397

7,498

10,329

8,500

7,970

8,874

7,771

7,531

8,059

9,050

8,775

8,338

11,630

13,013

11,935

12,801

Restructuring and other transition expenses

0

0

0

33

26

207

4,467

351

52

139

120

1,474

2,547

3,965

3,030

2,678

3,169

5,236

5,450

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net gain from sale of Torrance Facility

-

-

-

-

-

-

-

-

-

-

-

-

0

37,449

-

-

0

0

-

-

-107

-178

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Restructuring and other transition expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,596

0

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net gains from sale of Spice Assets

-

-

-

-

-

-

-

115

110

395

150

155

272

334

158

162

335

5,106

0

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net losses (gains) from sales of assets

-287

11,057

12,605

-

-248

-804

81

-

590

-91

-53

-

86

-114

1,553

-

4

-55

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net losses (gains) from sales of other assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

214

-

-

-

-

-

-

-

-

79

1,185

-11

3,213

-

-

-

-

-

-

-

-

Net (gains) losses from sales of assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-61

-

-37

-73

123

-

-

-

-

-

-

-

-

-

-

-

-

Impairment of goodwill and intangible assets

42,030

-

-

-

0

-

-

-

3,820

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

92

-

-

-

5,585

-

-

-

-

-

-

-

Operating expenses

83,118

35,115

33,749

44,747

46,002

52,742

50,313

50,748

55,083

56,267

44,238

28,276

51,762

19,186

48,693

22,415

52,254

47,547

51,142

50,621

47,974

49,637

45,520

43,156

50,127

48,724

44,991

48,645

46,755

48,058

41,347

54,144

46,959

49,894

44,019

60,007

56,324

55,559

55,964

Loss from operations

-45,169

8,870

6,892

-7,024

-6,102

502

-2,078

1,983

-2,785

10

1,845

-1,539

2,058

35,910

2,505

-7,294

306

5,361

-563

-1,417

-1,405

3,505

2,601

2,327

-2,075

5,650

3,014

-2,650

691

536

1,794

-8,615

-3,812

-5,353

-4,334

-33,342

-14,463

-10,543

-12,019

Other (expense) income:
Dividend income

-

-

-

-

-

-

-

0

1

6

5

199

273

270

265

275

288

259

293

293

294

291

294

271

276

258

268

274

286

284

259

273

295

304

359

406

531

918

679

Interest income

-

-

-

-

-

-

-

0

0

1

1

132

147

159

129

137

139

116

104

-162

364

90

89

97

114

110

108

169

92

99

92

115

63

21

15

34

32

38

74

Interest expense

2,478

2,859

2,548

2,835

2,981

3,332

2,852

2,536

2,547

2,506

2,168

7,171

517

524

389

84

111

109

121

-120

474

208

207

216

277

393

372

396

466

463

457

558

498

506

575

553

529

481

402

Pension Withdrawal Expense

-5,760

0

-

-

0

10,948

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

220

0

4,348

-

-

0

-

-

Other Nonoperating Income (Expense)

1,076

1,662

203

2,061

495

953

657

1,938

1,817

2,217

1,750

6,547

1,044

-2,323

191

521

613

297

-875

-851

-1,569

-530

-64

433

4,664

-514

-906

-1,569

-1,949

-7,645

1,732

-1,659

-1,831

1,780

-2,407

-499

1,289

1,245

2,156

Total other income (expense)

4,358

-1,197

-2,345

-774

-2,486

-13,327

-2,195

-598

-729

-282

-412

-293

947

-2,418

196

849

929

563

-599

-600

-1,385

-357

112

585

4,777

-539

-902

-1,522

-2,037

-7,725

1,626

-1,829

-1,971

1,599

-2,608

-612

1,323

1,720

2,507

Loss before taxes

-40,811

7,673

4,547

-7,798

-8,588

-12,825

-4,273

1,385

-3,514

-272

1,433

-1,832

3,005

33,492

2,701

-6,445

1,235

5,924

-1,162

-2,017

-2,790

3,148

2,713

2,912

2,702

5,111

2,112

-4,172

-1,346

-7,189

3,420

-10,444

-5,783

-3,754

-6,942

-33,954

-13,140

-8,823

-9,512

Income tax (benefit) expense

-1,034

-81

-107

962

43,161

-2,725

-1,287

1,253

-1,321

16,788

592

-1,095

1,411

13,416

1,083

-72,557

43

363

-88

170

-218

252

198

-199

196

402

306

-1,194

-40

-32

441

-172

-572

59

338

-13,902

56

89

361

Net Income (Loss) Attributable to Parent

-39,777

7,754

4,654

-8,760

-51,749

-10,100

-2,986

132

-2,193

-17,060

841

-737

1,594

20,076

1,618

66,112

1,192

5,561

-1,074

-2,187

-2,572

2,896

2,515

3,111

2,506

4,709

1,806

-2,978

-1,306

-7,157

2,979

-10,272

-5,211

-3,813

-7,280

-20,052

-13,196

-8,912

-9,873

Less: Cumulative preferred dividends, undeclared and unpaid

139

138

137

135

134

134

132

132

128

129

0

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net Income (Loss) Available to Common Stockholders, Basic

-39,916

7,616

4,517

-8,895

-51,883

-10,234

-3,118

0

-2,321

-17,189

841

-

1,594

20,076

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net income (loss) per common share - basic (in US$ per share)

-2.32

0.44

0.26

-0.53

-3.05

-0.60

-0.18

0.01

-0.14

-1.03

0.05

-0.06

0.10

1.21

0.10

4.01

0.07

0.34

-0.07

-0.14

-0.16

0.18

0.16

0.19

0.16

0.30

0.11

-0.19

-0.08

-0.46

0.19

-

-

-

-

-

-

-

-

Net income (loss) per common share - diluted (in US$ per share)

-2.32

0.43

0.26

-0.53

-3.05

-0.60

-0.18

0.01

-0.14

-1.03

0.05

-0.06

0.10

1.20

0.10

3.98

0.07

0.34

-0.07

-0.14

-0.16

0.18

0.16

0.20

0.16

0.29

0.11

-0.19

-0.08

-0.46

0.19

-

-

-

-

-

-

-

-

Weighted average common shares outstanding - basic (in shares)

17,230

17,159

17,099

17,110

17,003

16,985

16,886

17,076

16,760

16,723

16,699

16,922

16,605

16,584

16,562

16,887

16,539

16,313

16,269

16,252

16,223

16,030

16,003

16,119

15,955

15,847

15,715

-

-

-

-

-

-

-

-

-

-

-

-

Weighted Average Number of Shares Outstanding, Diluted

17,230

17,583

17,518

17,110

17,003

16,985

16,886

16,974

16,760

16,723

16,801

17,029

16,721

16,707

16,684

17,140

16,647

16,452

16,269

16,529

16,223

16,184

16,130

16,237

16,082

15,964

15,773

-

-

-

-

-

-

-

-

-

-

-

-

Net loss per common share - basic and diluted, in dollars per share

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-0.65

-0.33

-0.25

-0.48

-1.33

-0.87

-0.59

-0.66

Weighted average common shares outstanding - basic and diluted

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

15,723

15,592

15,247

15,182

-

-

-

-

Weighted average common shares outstanding - basic and diluted

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

15,101

15,078

14,975,216

Cash dividends declared per common share

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.00

0.00

0.06

0.11