FARM · As filed with the SEC
Farmer Brothers income statement, by fiscal year
The statement as Farmer Brothers presents it in its 10-Q and 10-K: its own lines, labels and order. Tables over time lines up standardized figures across every filing.
CONSOLIDATED STATEMENTS OF OPERATIONS · USD thousands, except per-share amounts
| USD thousands, except per-share amounts | FY2025 Year ended Jun 30, 2025 | FY2024 Year ended Jun 30, 2024 | FY2023 Year ended Jun 30, 2023 | FY2022 Year ended Jun 30, 2022 | FY2021 Year ended Jun 30, 2021 | FY2020 Year ended Jun 30, 2020 | FY2019 Year ended Jun 30, 2019 | FY2018 Year ended Jun 30, 2018 |
|---|---|---|---|---|---|---|---|---|
| Net sales | 342,281 | 341,094 | 339,964 | 469,193 | 397,850 | 501,320 | 595,942 | — |
| Cost of goods sold | 193,371 | 207,201 | 225,351 | 332,277 | 296,925 | 363,198 | 416,840 | — |
| Gross profit | 148,910 | 133,893 | 114,613 | 136,916 | 100,925 | 138,122 | 179,102 | 207,042 |
| Selling expenses | 107,749 | 111,371 | 103,151 | 107,277 | 95,503 | 121,762 | 139,647 | 154,539 |
| General and administrative expenses | 39,275 | 41,649 | 37,561 | 47,172 | 42,945 | 42,569 | 48,959 | 47,863 |
| Restructuring and other transition expenses | — | — | — | — | 0 | 0 | 4,733 | 662 |
| Net gain from sale of Torrance Facility | — | — | — | — | — | — | 0 | 0 |
| Net gains from sale of Spice Assets | — | — | — | — | — | — | (593) | (770) |
| Net losses (gains) on disposal of assets | 3,347 | (16,877) | (5,140) | (2,905) | (593) | (25,237) | 1,058 | (196) |
| Impairment of goodwill and intangible assets | — | — | — | 0 | 0 | 42,030 | 0 | 3,820 |
| Impairment of fixed assets | — | — | — | — | 1,243 | — | — | — |
| Impairment of fixed assets | — | — | 0 | 0 | — | — | — | — |
| Operating expenses | 150,371 | 136,143 | 135,572 | 151,544 | 139,098 | 181,124 | 193,804 | 205,918 |
| Loss from operations | (1,461) | (2,250) | (20,959) | (14,628) | (38,173) | (43,002) | (14,702) | 1,124 |
| Other (expense) income: | ||||||||
| Dividend income | — | — | — | — | — | 0 | 0 | 12 |
| Interest income | — | — | — | — | — | 0 | 0 | 2 |
| Interest expense | — | — | (9,162) | (9,516) | (15,962) | (10,483) | (12,000) | (3,177) |
| Postretirement benefits curtailment gains and pension settlement (charge) | — | — | — | — | 6,359 | 5,760 | (10,948) | — |
| Postretirement benefits curtailment and pension settlement charge | — | — | 0 | 0 | — | — | — | — |
| Interest expense | (7,480) | (7,835) | — | — | — | — | — | — |
| Pension settlement charge | (7,726) | — | — | — | — | — | — | — |
| Other, net | 2,267 | 6,224 | (4,242) | 8,182 | 19,720 | 10,443 | 4,166 | 1,071 |
| Total other expense | (12,939) | (1,611) | (13,404) | (1,334) | 10,117 | 5,720 | (18,782) | (2,092) |
| Loss before taxes | — | — | — | — | (28,056) | (37,282) | (33,484) | (968) |
| Loss from operations before taxes | (14,400) | (3,861) | (34,363) | (15,962) | — | — | — | — |
| Income tax expense | 116 | 14 | (325) | (301) | 13,595 | (195) | 40,111 | 17,312 |
| Loss from continuing operations | — | (3,875) | (34,038) | — | — | — | — | — |
| Loss from discontinued operations, net of income taxes | — | 0 | (45,142) | — | — | — | — | — |
| Net loss | — | — | (79,180) | — | — | — | — | — |
| Net loss | (14,516) | (3,875) | — | (15,661) | (41,651) | (37,087) | (73,595) | (18,280) |
| Less: Cumulative preferred dividends, undeclared and unpaid | — | 0 | 0 | 594 | 574 | 554 | 535 | 389 |
| Net loss available to common stockholders | (14,516) | (3,875) | (79,180) | (16,255) | (42,225) | (37,641) | (74,130) | (18,669) |
| Loss from continuing operations available to common stockholders per common share, basic (in dollars per share) | — | (0.19) | (4.04) | — | — | — | — | — |
| Loss from continuing operations available to common stockholders per common share, diluted (in dollars per share) | — | (0.19) | (4.04) | — | — | — | — | — |
| Loss from discontinued operations available to common stockholders per common share, basic (in dollars per share) | — | 0.00 | (2.30) | — | — | — | — | — |
| Loss from discontinued operations available to common stockholders per common share, diluted (in dollars per share) | — | 0.00 | (2.30) | — | — | — | — | — |
| Net loss per common share available to common stockholders— basic (in dollars per share) | (0.68) | (0.19) | (1.74) | (0.89) | (2.39) | (2.19) | (4.36) | (1.11) |
| Net loss per common share available to common stockholders— diluted (in dollars per share) | (0.68) | (0.19) | (1.74) | (0.89) | (2.39) | (2.19) | (4.36) | (1.11) |
| Weighted average common shares outstanding - basic (in shares) | 21,394,543 | 20,873,266 | 19,621,992 | 18,200,080 | 17,635,402 | 17,205,849 | 16,996,354 | 16,815,020 |
| Weighted average common shares outstanding - diluted (in shares) | 21,394,543 | 20,873,266 | 19,621,992 | 18,200,080 | 17,635,402 | 17,205,849 | 16,996,354 | 16,815,020 |
| Net sales | — | — | — | — | — | — | — | 606,544 |
| Cost of goods sold | — | — | — | — | — | — | — | 399,502 |
As filed on EDGAR · Not affiliated with the U.S. SEC · Not investment advice. Each column links to its filing.