10-Q Filing

BELLRING BRANDS, INC. CIK: 1772016 Q1 2020

Filing Information

Form Type	10-Q
Accession Number	`0001772016-20-000018`
Period End Date	20191231
Filing Date	20200207
Fiscal Year	2020
Fiscal Period	Q1
XBRL Instance	brbrq1202010-q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 57 Income Statement 28 Cash Flow Statement 53 Stockholders Equity 11 Comprehensive Income 12

Balance Sheet 57 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$9.20M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$5.50M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$10.90M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$29.90M	USD	Point-in-time
Receivables, net	`AccountsReceivableNetCurrent`	$94.00M	USD	Point-in-time
Receivables, net	`AccountsReceivableNetCurrent`	$68.40M	USD	Point-in-time
Inventories	`InventoryNet`	$150.20M	USD	Point-in-time
Inventories	`InventoryNet`	$138.20M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$14.00M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$7.40M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$288.10M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$219.50M	USD	Point-in-time
Property, net	`PropertyPlantAndEquipmentNet`	$10.60M	USD	Point-in-time
Property, net	`PropertyPlantAndEquipmentNet`	$11.70M	USD	Point-in-time
Goodwill	`Goodwill`	$65.90M	USD	Point-in-time
Goodwill	`Goodwill`	$65.90M	USD	Point-in-time
Intangible assets, net	`OtherIntangibleAssetsNet`	$291.00M	USD	Point-in-time
Intangible assets, net	`OtherIntangibleAssetsNet`	$296.50M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$15.30M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$900.00K	USD	Point-in-time
Total Assets	`Assets`	$670.90M	USD	Point-in-time
Total Assets	`Assets`	$594.50M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	-	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$35.00M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$46.50M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$61.70M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$25.90M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$31.00M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$92.70M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$107.40M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$723.80M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	-	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$17.20M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$14.10M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$1.30M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$25.50M	USD	Point-in-time
Total Liabilities	`Liabilities`	$108.10M	USD	Point-in-time
Total Liabilities	`Liabilities`	$873.90M	USD	Point-in-time
Redeemable Noncontrolling Interest	`RedeemableNoncontrollingInterestEquityCarryingAmount`	-	USD	Point-in-time
Redeemable Noncontrolling Interest	`RedeemableNoncontrollingInterestEquityCarryingAmount`	$2.08B	USD	Point-in-time
Preferred stock	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock	`PreferredStockValue`	-	USD	Point-in-time
Common stock	`CommonStockValue`	-	USD	Point-in-time
Common stock	`CommonStockValue`	$400.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$300.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	-	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	-	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-2.28B	USD	Point-in-time
Net investment of Post Holdings, Inc.	`MembersEquity`	$489.00M	USD	Point-in-time
Net investment of Post Holdings, Inc.	`MembersEquity`	-	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-2.60M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-2.00M	USD	Point-in-time
Stockholders' Equity	`StockholdersEquity`	$486.40M	USD	Point-in-time
Stockholders' Equity	`StockholdersEquity`	$-2.28B	USD	Point-in-time
Stockholders' Equity	`StockholdersEquity`	$472.50M	USD	Point-in-time
Total Liabilities and Stockholders Equity	`LiabilitiesAndStockholdersEquity`	$670.90M	USD	Point-in-time
Total Liabilities and Stockholders Equity	`LiabilitiesAndStockholdersEquity`	$594.50M	USD	Point-in-time

Income Statement 28 line items

Line Item	Tag	Value	Unit	Period
Net Sales	`Revenues`	$185.80M	USD	1 Quarter
Net Sales	`Revenues`	$244.00M	USD	1 Quarter
Cost of goods sold	`CostOfRevenue`	$152.70M	USD	1 Quarter
Cost of goods sold	`CostOfRevenue`	$120.20M	USD	1 Quarter
Gross Profit	`GrossProfit`	$91.30M	USD	1 Quarter
Gross Profit	`GrossProfit`	$65.60M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$27.20M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$36.50M	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$5.50M	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$5.50M	USD	1 Quarter
Operating Profit	`OperatingIncomeLoss`	$32.90M	USD	1 Quarter
Operating Profit	`OperatingIncomeLoss`	$49.30M	USD	1 Quarter
Interest expense, net	`InterestExpense`	-	USD	1 Quarter
Interest expense, net	`InterestExpense`	$11.60M	USD	1 Quarter
Earnings Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$37.70M	USD	1 Quarter
Earnings Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$32.90M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$7.80M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$5.90M	USD	1 Quarter
Net Earnings Including Redeemable Noncontrolling Interest	`ProfitLoss`	$25.10M	USD	1 Quarter
Net Earnings Including Redeemable Noncontrolling Interest	`ProfitLoss`	$31.80M	USD	1 Quarter
Less: Net earnings attributable to redeemable noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$25.10M	USD	1 Quarter
Less: Net earnings attributable to redeemable noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$25.80M	USD	1 Quarter
Net Earnings Available to Class A Common Stockholders	`NetIncomeLoss`	$6.00M	USD	1 Quarter
Net Earnings Available to Class A Common Stockholders	`NetIncomeLoss`	-	USD	1 Quarter
Earnings per Class A Common Share, Basic (in usd per share)	`EarningsPerShareBasic`	$0.15	USD	1 Quarter
Earnings per Class A Common Share, Diluted (in usd per share)	`EarningsPerShareDiluted`	$0.15	USD	1 Quarter
Weighted-Average Class A Common Shares Outstanding, Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	39.40M	shares	1 Quarter
Weighted-Average Class A Common Shares Outstanding, Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	39.40M	shares	1 Quarter

Cash Flow Statement 53 line items

Line Item	Tag	Value	Unit	Period
Net Earnings Including Redeemable Noncontrolling Interest	`ProfitLoss`	$25.10M	USD	1 Quarter
Net Earnings Including Redeemable Noncontrolling Interest	`ProfitLoss`	$31.80M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$6.40M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$6.40M	USD	1 Quarter
Non-cash stock-based compensation expense	`ShareBasedCompensation`	-	USD	1 Quarter
Non-cash stock-based compensation expense	`ShareBasedCompensation`	$300.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$200.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$1.70M	USD	1 Quarter
Other, net	`OtherNoncashIncomeExpense`	$-1.10M	USD	1 Quarter
Other, net	`OtherNoncashIncomeExpense`	$-2.60M	USD	1 Quarter
(Increase) decrease in receivables	`IncreaseDecreaseInAccountsReceivable`	$25.30M	USD	1 Quarter
(Increase) decrease in receivables	`IncreaseDecreaseInAccountsReceivable`	$-9.80M	USD	1 Quarter
Increase in inventories	`IncreaseDecreaseInInventories`	$18.30M	USD	1 Quarter
Increase in inventories	`IncreaseDecreaseInInventories`	$11.80M	USD	1 Quarter
Increase in prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$5.80M	USD	1 Quarter
Increase in prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$100.00K	USD	1 Quarter
Decrease in other assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$-800.00K	USD	1 Quarter
Decrease in other assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$-100.00K	USD	1 Quarter
Decrease in accounts payable and other current liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-21.70M	USD	1 Quarter
Decrease in accounts payable and other current liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-22.50M	USD	1 Quarter
(Decrease) increase in non-current liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$300.00K	USD	1 Quarter
(Decrease) increase in non-current liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$-100.00K	USD	1 Quarter
Net Cash (Used in) Provided by Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-24.90M	USD	1 Quarter
Net Cash (Used in) Provided by Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$5.90M	USD	1 Quarter
Additions to property	`PaymentsToAcquireProductiveAssets`	$700.00K	USD	1 Quarter
Additions to property	`PaymentsToAcquireProductiveAssets`	$1.00M	USD	1 Quarter
Net Cash Used in Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.00M	USD	1 Quarter
Net Cash Used in Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-700.00K	USD	1 Quarter
Proceeds from issuance of long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	$806.00M	USD	1 Quarter
Proceeds from issuance of long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	-	USD	1 Quarter
Proceeds from issuance of common stock, net of issuance costs	`ProceedsFromIssuanceOfCommonStock`	$524.40M	USD	1 Quarter
Proceeds from issuance of common stock, net of issuance costs	`ProceedsFromIssuanceOfCommonStock`	-	USD	1 Quarter
Repayments of long-term debt	`RepaymentsOfLongTermDebt`	$1.26B	USD	1 Quarter
Repayments of long-term debt	`RepaymentsOfLongTermDebt`	-	USD	1 Quarter
Payments of debt issuance costs and deferred financing fees	`PaymentsOfDebtIssuanceCosts`	$9.60M	USD	Point-in-time
Payments of debt issuance costs and deferred financing fees	`PaymentsOfDebtIssuanceCosts`	-	USD	1 Quarter
Payments of debt issuance costs and deferred financing fees	`PaymentsOfDebtIssuanceCosts`	$9.60M	USD	1 Quarter
Distributions (to) from Post Holdings, Inc., net	`ChangeInNetParentInvestment`	$-5.90M	USD	1 Quarter
Distributions (to) from Post Holdings, Inc., net	`ChangeInNetParentInvestment`	$-6.40M	USD	1 Quarter
Net Cash Provided by (Used in) Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$49.90M	USD	1 Quarter
Net Cash Provided by (Used in) Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$-6.40M	USD	1 Quarter
Effect of Exchange Rate Changes on Cash and Cash Equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$100.00K	USD	1 Quarter
Effect of Exchange Rate Changes on Cash and Cash Equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-200.00K	USD	1 Quarter
Cash and Cash Equivalents, Period Increase (Decrease)	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-1.70M	USD	1 Quarter
Cash and Cash Equivalents, Period Increase (Decrease)	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$24.40M	USD	1 Quarter
Cash and Cash Equivalents, Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$9.20M	USD	Point-in-time
Cash and Cash Equivalents, Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$5.50M	USD	Point-in-time
Cash and Cash Equivalents, Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$10.90M	USD	Point-in-time
Cash and Cash Equivalents, Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$29.90M	USD	Point-in-time
Cash and Cash Equivalents, End of Period	`CashAndCashEquivalentsAtCarryingValue`	$9.20M	USD	Point-in-time
Cash and Cash Equivalents, End of Period	`CashAndCashEquivalentsAtCarryingValue`	$5.50M	USD	Point-in-time
Cash and Cash Equivalents, End of Period	`CashAndCashEquivalentsAtCarryingValue`	$10.90M	USD	Point-in-time
Cash and Cash Equivalents, End of Period	`CashAndCashEquivalentsAtCarryingValue`	$29.90M	USD	Point-in-time

Stockholders Equity 11 line items

Line Item	Tag	Value	Unit	Period
Stockholders' Equity, Beginning of period	`StockholdersEquity`	$486.40M	USD	Point-in-time
Stockholders' Equity, Beginning of period	`StockholdersEquity`	$-2.28B	USD	Point-in-time
Stockholders' Equity, Beginning of period	`StockholdersEquity`	$472.50M	USD	Point-in-time
Net Earnings Available to Class A Common Stockholders	`NetIncomeLoss`	$6.00M	USD	1 Quarter
Net Earnings Available to Class A Common Stockholders	`NetIncomeLoss`	-	USD	1 Quarter
Net earnings attributable to redeemable noncontrolling interest prior to IPO	`NetearningsattributabletoredeemablenoncontrollinginterestpriortoIPO`	$5.50M	USD	1 Quarter
Net earnings attributable to redeemable noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$25.10M	USD	1 Quarter
Net earnings attributable to redeemable noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$25.80M	USD	1 Quarter
Stockholders' Equity, End of period	`StockholdersEquity`	$486.40M	USD	Point-in-time
Stockholders' Equity, End of period	`StockholdersEquity`	$-2.28B	USD	Point-in-time
Stockholders' Equity, End of period	`StockholdersEquity`	$472.50M	USD	Point-in-time

Comprehensive Income 12 line items

Line Item	Tag	Value	Unit	Period
Net Earnings Including Redeemable Noncontrolling Interest	`ProfitLoss`	$25.10M	USD	1 Quarter
Net Earnings Including Redeemable Noncontrolling Interest	`ProfitLoss`	$31.80M	USD	1 Quarter
Unrealized net gain on derivatives	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodBeforeTax`	-	USD	1 Quarter
Unrealized net gain on derivatives	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodBeforeTax`	$600.00K	USD	1 Quarter
Unrealized foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTaxPortionAttributableToParent`	$-300.00K	USD	1 Quarter
Unrealized foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTaxPortionAttributableToParent`	$500.00K	USD	1 Quarter
Total Other Comprehensive Income (Loss)	`OtherComprehensiveIncomeLossNetOfTax`	$-300.00K	USD	1 Quarter
Total Other Comprehensive Income (Loss)	`OtherComprehensiveIncomeLossNetOfTax`	$1.10M	USD	1 Quarter
Less: Comprehensive income attributable to redeemable noncontrolling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$24.80M	USD	1 Quarter
Less: Comprehensive income attributable to redeemable noncontrolling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$26.30M	USD	1 Quarter
Total Comprehensive Income Available to Class A Common Stockholders	`ComprehensiveIncomeNetOfTax`	$6.60M	USD	1 Quarter
Total Comprehensive Income Available to Class A Common Stockholders	`ComprehensiveIncomeNetOfTax`	-	USD	1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.