| Address:
|
ONE DESIGN CENTER PLACE
SUITE 850 |
| City: |
BOSTON |
|
State: |
MA |
|
Zip Code: |
02210 |
| Telephone: |
617-368-5061 |
|
Description of Business
|
Primary SIC Code:
2082 |
| (As filed with the SEC)
|
|
|
The Boston Beer Company, Inc. ("Boston Beer" or the "Company") is the largest
craft brewer in the United States. In fiscal 2010, Boston Beer sold
approximately 2.3 million barrels of its proprietary products ("core brands")
and brewed or packaged approximately 13,000 barrels under contract ("non-core
brands") for third parties.
During 2010, the Company sold over twenty beers under the Samuel Adams® or the
Sam Adams® brand names, eight flavored malt beverages under the Twisted Tea®
brand name, and one hard cider under the HardCore® brand name. Boston Beer
produces malt beverages and hard cider at Company-owned breweries and under
contract arrangements at other brewery locations. The Company-owned breweries
are located in Boston, Massachusetts (the "Boston Brewery"), Cincinnati, Ohio
(the "Cincinnati Brewery") and Breinigsville, Pennsylvania (the "Pennsylvania
Brewery"). During 2010, the Company brewed over 95% of core brand volume at
Company-owned breweries. ... More ... |
| Date |
12-mos
Rolling EPS |
Dividend |
P/E
Ratio |
| 09/2011 | 4.35 | NA | 16.71 | | 06/2011 | 4.24 | NA | 21.13 | | 03/2011 | 3.36 | NA | 27.57 | | 12/2010 | 3.52 | NA | 27.01 | | 09/2010 | 3.17 | NA | 21.09 | | 06/2010 | 2.81 | NA | 24.00 | | 03/2010 | 2.51 | NA | 20.82 | | 12/2009 | 0.77 | NA | 60.52 |
Key Financial Ratios and Statistics |
FYE:
12/25 |
| Profitability |
2010 |
Leverage |
2010 |
| Net Inc/Comm Equity | 0.41 | Total Liab/Total Assets | 0.36 | | Net Inc/Total Assets | 0.19 | Total Liab/Inv Cap | 0.50 | | Net Inc/Inv Cap | 0.27 | Total Liab/Comm Equity | 0.76 | | Pretax Inc/Net Sales | 0.17 | Interest Coverage Ratio | NA | | Net Inc/Net Sales | 0.11 | Curr Debt/Equity | NA | | Cash Flow/Net Sales | 0.15 | LTD/Equity | NA | | SG&A/NetSales | 0.38 | Total Debt/Equity | NA |
| Asset Utilization
|
|
Liquidity |
|
| Net Receivables Turnover | 20.19 | Quick Ratio | 1.18 | | Inventory Turnover | 7.95 | Current Ratio | 1.55 | | Inventory Day Sales | 0.02 | Net Rec/Curr Assets | 0.21 | | Net Sales/Work Cap | 11.65 | Inv/Curr Assets | 0.24 | | Net Sales/PP&E | 3.25 | | |
Income Statement (Millions) |
| |
9/24/2011
|
6/25/2011
|
3/26/2011
|
12/25/2010
|
|
Total Revenues(Net Sales)
|
134.81
|
133.96
|
102.18
|
115.74
|
|
Cost of Goods Sold
|
58.78
|
57.88
|
49.80
|
49.37
|
|
Selling & Admin Exps
|
49.62
|
31.15
|
45.79
|
47.19
|
|
Operating Income
|
26.41
|
44.92
|
6.59
|
18.88
|
|
Interest Exp
|
NA
|
NA
|
NA
|
NA
|
|
Pretax Income
|
26.46
|
44.95
|
6.60
|
18.87
|
|
Other Income
|
0.05
|
0.02
|
0.01
|
-0.01
|
|
Net Income Bef Extraordinary ...
|
NA
|
NA
|
NA
|
NA
|
|
Net Income
|
16.30
|
28.02
|
3.96
|
12.17
|
|
Assets
|
9/24/2011
|
6/25/2011
|
3/26/2011
|
12/25/2010
|
|
Cash & Short Term Investments
|
48.12
|
66.32
|
45.32
|
48.97
|
|
Receivables - Total
|
34.51
|
30.15
|
25.28
|
23.67
|
|
Inventories - Total
|
30.77
|
31.83
|
33.90
|
26.61
|
|
Total Current Assets
|
128.17
|
142.20
|
118.82
|
112.00
|
|
Net Property, Plant & Equipment
|
141.53
|
139.84
|
140.65
|
142.89
|
|
Total Assets
|
274.81
|
285.26
|
262.77
|
258.53
|
|
Liabilities
|
|
|
|
|
|
Accounts Payable
|
82.55
|
82.58
|
70.05
|
72.20
|
|
Debt in Current Liabilities
|
NA
|
NA
|
NA
|
NA
|
|
Total Current Liabilities
|
82.55
|
82.58
|
70.05
|
72.20
|
|
Long-Term Debt
|
NA
|
NA
|
NA
|
NA
|
|
Total Liabilities
|
102.70
|
103.26
|
90.58
|
92.94
|
|
Stockholder's Equity
|
|
|
|
|
|
Minority Interest
|
NA
|
NA
|
NA
|
NA
|
|
Preferred Stock
|
NA
|
NA
|
NA
|
NA
|
|
Common Stock
|
0.13
|
0.13
|
0.13
|
0.13
|
|
Retained Earnings
|
41.29
|
53.23
|
46.31
|
43.88
|
|
Treasury Stock
|
NA
|
NA
|
NA
|
NA
|
|
Total Stockholders' Equity
|
172.10
|
181.99
|
172.19
|
165.59
|
|
Total Liabilities and Stockholders' Equity
|
274.81
|
285.26
|
262.77
|
258.53
|
Cash Flow Summary (Millions) |
|
Categories
|
9/24/2011
|
6/25/2011
|
3/26/2011
|
12/25/2010
|
|
Net Cash Provided by Operating Activities
|
15.49
|
44.75
|
-2.31
|
14.31
|
|
Net Cash Provided by Investing Activities
|
-6.27
|
-3.77
|
-2.25
|
-3.58
|
|
Net Cash Provided by Financing Activities
|
-27.41
|
-19.98
|
0.92
|
-14.94
|
Annual Summary Data (Millions) |
| Year |
Sales |
Net
Income |
EPS |
| 12/2006 | 285.43 | 18.19 | 1.27 | | 12/2007 | 341.65 | 22.49 | 1.53 | | 12/2008 | 398.40 | 8.09 | 0.56 | | 12/2009 | 415.05 | 31.12 | 0.77 | | 12/2010 | 463.80 | 50.14 | 3.52 | | Growth Rates | 12.90 | 28.85 | 29.03 |
| Type |
Date(Q,M) |
No.
Owners |
Shares
Held (000s) |
%
Own |
| Institutional | 12/31/11 | 166 | 7,424 | 86.05 |
|
Report Date :
1/30/2012
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