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10-Q Filing

BELLRING BRANDS, INC. CIK: 1772016 Q1 2023
Filing Information
Form Type 10-Q
Accession Number 0001772016-23-000015
Period End Date 20221231
Filing Date 20230207
Fiscal Year 2023
Fiscal Period Q1
XBRL Instance brbr-20221231_htm.xml
Balance Sheet 49 line items
Line Item Tag Value Unit Period
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $43.90M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $35.80M USD Point-in-time
Receivables, net AccountsReceivableNetCurrent $182.00M USD Point-in-time
Receivables, net AccountsReceivableNetCurrent $173.30M USD Point-in-time
Inventories InventoryNet $212.70M USD Point-in-time
Inventories InventoryNet $199.80M USD Point-in-time
Prepaid expenses and other current assets PrepaidExpenseAndOtherAssetsCurrent $12.40M USD Point-in-time
Prepaid expenses and other current assets PrepaidExpenseAndOtherAssetsCurrent $15.40M USD Point-in-time
Total Current Assets AssetsCurrent $454.00M USD Point-in-time
Total Current Assets AssetsCurrent $421.30M USD Point-in-time
Property, net PropertyPlantAndEquipmentNet $8.50M USD Point-in-time
Property, net PropertyPlantAndEquipmentNet $8.00M USD Point-in-time
Goodwill Goodwill $65.90M USD Point-in-time
Goodwill Goodwill $65.90M USD Point-in-time
Intangible assets, net OtherIntangibleAssetsNet $203.30M USD Point-in-time
Intangible assets, net OtherIntangibleAssetsNet $198.50M USD Point-in-time
Other assets OtherAssetsNoncurrent $8.70M USD Point-in-time
Other assets OtherAssetsNoncurrent $8.10M USD Point-in-time
Total Assets Assets $707.20M USD Point-in-time
Total Assets Assets $735.00M USD Point-in-time
Accounts payable AccountsPayableCurrent $93.80M USD Point-in-time
Accounts payable AccountsPayableCurrent $94.40M USD Point-in-time
Other current liabilities OtherLiabilitiesCurrent $49.70M USD Point-in-time
Other current liabilities OtherLiabilitiesCurrent $54.70M USD Point-in-time
Total Current Liabilities LiabilitiesCurrent $143.50M USD Point-in-time
Total Current Liabilities LiabilitiesCurrent $149.10M USD Point-in-time
Long-term debt LongTermDebtNoncurrent $929.50M USD Point-in-time
Long-term debt LongTermDebtNoncurrent $944.80M USD Point-in-time
Deferred income taxes DeferredIncomeTaxLiabilitiesNet $2.20M USD Point-in-time
Deferred income taxes DeferredIncomeTaxLiabilitiesNet $3.60M USD Point-in-time
Other liabilities OtherLiabilitiesNoncurrent $7.80M USD Point-in-time
Other liabilities OtherLiabilitiesNoncurrent $8.20M USD Point-in-time
Total Liabilities Liabilities $1.11B USD Point-in-time
Total Liabilities Liabilities $1.08B USD Point-in-time
Common stock CommonStockValue $1.40M USD Point-in-time
Common stock CommonStockValue $1.40M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $7.00M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $8.40M USD Point-in-time
Accumulated deficit RetainedEarningsAccumulatedDeficit $-355.60M USD Point-in-time
Accumulated deficit RetainedEarningsAccumulatedDeficit $-311.40M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-4.30M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-2.80M USD Point-in-time
Treasury stock, at cost TreasuryStockValue $65.90M USD Point-in-time
Treasury stock, at cost TreasuryStockValue $24.70M USD Point-in-time
Total Stockholders Deficit StockholdersEquity $-376.20M USD Point-in-time
Total Stockholders Deficit StockholdersEquity $-370.30M USD Point-in-time
Total Stockholders Deficit StockholdersEquity $-2.83B USD Point-in-time
Total Liabilities and Stockholders Deficit LiabilitiesAndStockholdersEquity $735.00M USD Point-in-time
Total Liabilities and Stockholders Deficit LiabilitiesAndStockholdersEquity $707.20M USD Point-in-time
Income Statement 32 line items
Line Item Tag Value Unit Period
Net Sales Revenues $362.70M USD 1 Quarter
Net Sales Revenues $306.50M USD 1 Quarter
Cost of goods sold CostOfRevenue $240.90M USD 1 Quarter
Cost of goods sold CostOfRevenue $214.20M USD 1 Quarter
Gross Profit GrossProfit $92.30M USD 1 Quarter
Gross Profit GrossProfit $121.80M USD 1 Quarter
Selling, general and administrative expenses SellingGeneralAndAdministrativeExpense $41.70M USD 1 Quarter
Selling, general and administrative expenses SellingGeneralAndAdministrativeExpense $36.80M USD 1 Quarter
Amortization of intangible assets AmortizationOfIntangibleAssets $4.90M USD 1 Quarter
Amortization of intangible assets AmortizationOfIntangibleAssets $4.90M USD 1 Quarter
Operating Profit OperatingIncomeLoss $50.60M USD 1 Quarter
Operating Profit OperatingIncomeLoss $75.20M USD 1 Quarter
Interest expense, net InterestExpense $8.40M USD 1 Quarter
Interest expense, net InterestExpense $16.70M USD 1 Quarter
Earnings before Income Taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $42.20M USD 1 Quarter
Earnings before Income Taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $58.50M USD 1 Quarter
Income tax expense IncomeTaxExpenseBenefit $14.30M USD 1 Quarter
Income tax expense IncomeTaxExpenseBenefit $2.90M USD 1 Quarter
Net Earnings Including Redeemable Noncontrolling Interest ProfitLoss $39.30M USD 1 Quarter
Net Earnings Including Redeemable Noncontrolling Interest ProfitLoss $44.20M USD 1 Quarter
Less: Net earnings attributable to redeemable noncontrolling interest NetIncomeLossAttributableToNoncontrollingInterest $31.10M USD 1 Quarter
Less: Net earnings attributable to redeemable noncontrolling interest NetIncomeLossAttributableToNoncontrollingInterest - USD 1 Quarter
Net Earnings Available to Common Stockholders NetIncomeLoss $44.20M USD 1 Quarter
Net Earnings Available to Common Stockholders NetIncomeLoss $8.20M USD 1 Quarter
Earnings per share of Common Stock, basic (in USD per share) EarningsPerShareBasic $0.21 USD 1 Quarter
Earnings per share of Common Stock, basic (in USD per share) EarningsPerShareBasic $0.33 USD 1 Quarter
Earnings per share of Common Stock, diluted (in USD per share) EarningsPerShareDiluted $0.21 USD 1 Quarter
Earnings per share of Common Stock, diluted (in USD per share) EarningsPerShareDiluted $0.33 USD 1 Quarter
Weighted Average shares of Common Stock Outstanding, basic (in shares) WeightedAverageNumberOfSharesOutstandingBasic 39.40M shares 1 Quarter
Weighted Average shares of Common Stock Outstanding, basic (in shares) WeightedAverageNumberOfSharesOutstandingBasic 134.90M shares 1 Quarter
Weighted-Averages shares of Common Stock Outstanding, diluted (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 135.10M shares 1 Quarter
Weighted-Averages shares of Common Stock Outstanding, diluted (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 39.60M shares 1 Quarter
Cash Flow Statement 50 line items
Line Item Tag Value Unit Period
Net Earnings Including Redeemable Noncontrolling Interest ProfitLoss $39.30M USD 1 Quarter
Net Earnings Including Redeemable Noncontrolling Interest ProfitLoss $44.20M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $5.30M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $5.30M USD 1 Quarter
Non-cash stock-based compensation expense ShareBasedCompensation $1.50M USD 1 Quarter
Non-cash stock-based compensation expense ShareBasedCompensation $3.50M USD 1 Quarter
Deferred income taxes DeferredIncomeTaxExpenseBenefit $900.00K USD 1 Quarter
Deferred income taxes DeferredIncomeTaxExpenseBenefit $1.40M USD 1 Quarter
Other, net OtherNoncashIncomeExpense $100.00K USD 1 Quarter
Other, net OtherNoncashIncomeExpense $500.00K USD 1 Quarter
Increase in receivables, net IncreaseDecreaseInAccountsReceivable $8.10M USD 1 Quarter
Increase in receivables, net IncreaseDecreaseInAccountsReceivable $14.40M USD 1 Quarter
Increase in inventories IncreaseDecreaseInInventories $12.40M USD 1 Quarter
Increase in inventories IncreaseDecreaseInInventories $11.90M USD 1 Quarter
Increase in prepaid expenses and other current assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $4.80M USD 1 Quarter
Increase in prepaid expenses and other current assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $2.90M USD 1 Quarter
Decrease in other assets IncreaseDecreaseInOtherNoncurrentAssets $-500.00K USD 1 Quarter
Decrease in other assets IncreaseDecreaseInOtherNoncurrentAssets $-400.00K USD 1 Quarter
Increase (decrease) in accounts payable and other current liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities $4.50M USD 1 Quarter
Increase (decrease) in accounts payable and other current liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities $-24.50M USD 1 Quarter
Net Cash Provided by (Used in) Operating Activities NetCashProvidedByUsedInOperatingActivities $-9.10M USD 1 Quarter
Net Cash Provided by (Used in) Operating Activities NetCashProvidedByUsedInOperatingActivities $36.30M USD 1 Quarter
Additions to property PaymentsToAcquireProductiveAssets $600.00K USD 1 Quarter
Additions to property PaymentsToAcquireProductiveAssets $300.00K USD 1 Quarter
Net Cash Used in Investing Activities NetCashProvidedByUsedInInvestingActivities $-600.00K USD 1 Quarter
Net Cash Used in Investing Activities NetCashProvidedByUsedInInvestingActivities $-300.00K USD 1 Quarter
Proceeds from issuance of long-term debt ProceedsFromIssuanceOfLongTermDebt $55.00M USD 1 Quarter
Proceeds from issuance of long-term debt ProceedsFromIssuanceOfLongTermDebt - USD 1 Quarter
Repayments of long-term debt RepaymentsOfLongTermDebt $40.00M USD 1 Quarter
Repayments of long-term debt RepaymentsOfLongTermDebt $90.10M USD 1 Quarter
Purchases of treasury stock PaymentsForRepurchaseOfCommonStock $41.20M USD 1 Quarter
Purchases of treasury stock PaymentsForRepurchaseOfCommonStock $18.10M USD 1 Quarter
Distributions to Post Holdings, Inc., net DistributionsToFromPostHoldingsIncNet $-3.20M USD 1 Quarter
Distributions to Post Holdings, Inc., net DistributionsToFromPostHoldingsIncNet - USD 1 Quarter
Other, net ProceedsFromPaymentsForOtherFinancingActivities $-1.10M USD 1 Quarter
Other, net ProceedsFromPaymentsForOtherFinancingActivities $-2.20M USD 1 Quarter
Net Cash Used in Financing Activities NetCashProvidedByUsedInFinancingActivities $-112.50M USD 1 Quarter
Net Cash Used in Financing Activities NetCashProvidedByUsedInFinancingActivities $-28.40M USD 1 Quarter
Effect of Exchange Rate Changes on Cash and Cash Equivalents EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $500.00K USD 1 Quarter
Effect of Exchange Rate Changes on Cash and Cash Equivalents EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents - USD 1 Quarter
Net Increase (Decrease) in Cash and Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $8.10M USD 1 Quarter
Net Increase (Decrease) in Cash and Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $-122.20M USD 1 Quarter
Cash and Cash Equivalents, Beginning of Year CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $35.80M USD Point-in-time
Cash and Cash Equivalents, Beginning of Year CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $43.90M USD Point-in-time
Cash and Cash Equivalents, Beginning of Year CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $30.40M USD Point-in-time
Cash and Cash Equivalents, Beginning of Year CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $152.60M USD Point-in-time
Cash and Cash Equivalents, End of Period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $35.80M USD Point-in-time
Cash and Cash Equivalents, End of Period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $43.90M USD Point-in-time
Cash and Cash Equivalents, End of Period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $30.40M USD Point-in-time
Cash and Cash Equivalents, End of Period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $152.60M USD Point-in-time
Stockholders Equity 8 line items
Line Item Tag Value Unit Period
Stockholders' Equity, beginning of period StockholdersEquity $-376.20M USD Point-in-time
Stockholders' Equity, beginning of period StockholdersEquity $-370.30M USD Point-in-time
Stockholders' Equity, beginning of period StockholdersEquity $-2.83B USD Point-in-time
Net earnings available to common stockholders NetIncomeLoss $44.20M USD 1 Quarter
Net earnings available to common stockholders NetIncomeLoss $8.20M USD 1 Quarter
Stockholders' Equity, end of period StockholdersEquity $-376.20M USD Point-in-time
Stockholders' Equity, end of period StockholdersEquity $-370.30M USD Point-in-time
Stockholders' Equity, end of period StockholdersEquity $-2.83B USD Point-in-time
Comprehensive Income 12 line items
Line Item Tag Value Unit Period
Net Earnings Including Redeemable Noncontrolling Interest ProfitLoss $39.30M USD 1 Quarter
Net Earnings Including Redeemable Noncontrolling Interest ProfitLoss $44.20M USD 1 Quarter
Reclassifications to net earnings OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationBeforeTax - USD 1 Quarter
Reclassifications to net earnings OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationBeforeTax $-500.00K USD 1 Quarter
Unrealized foreign currency translation adjustments OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax $-400.00K USD 1 Quarter
Unrealized foreign currency translation adjustments OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax $1.50M USD 1 Quarter
Total Other Comprehensive Income Including Redeemable Noncontrolling Interest OtherComprehensiveIncomeLossNetOfTax $100.00K USD 1 Quarter
Total Other Comprehensive Income Including Redeemable Noncontrolling Interest OtherComprehensiveIncomeLossNetOfTax $1.50M USD 1 Quarter
Less: Comprehensive income attributable to redeemable noncontrolling interest ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest - USD 1 Quarter
Less: Comprehensive income attributable to redeemable noncontrolling interest ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $31.20M USD 1 Quarter
Total Comprehensive Income Available to Common Stockholders ComprehensiveIncomeNetOfTax $45.70M USD 1 Quarter
Total Comprehensive Income Available to Common Stockholders ComprehensiveIncomeNetOfTax $8.20M USD 1 Quarter

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

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