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Brown-Forman Reports Stellar Results in Fiscal 2013; Expects Another Strong Year of Growth in 2014 Business Wire LOUISVILLE, Ky. -- June 5, 2013 Brown-Forman Corporation (NYSE:BFA) (NYSE:BFB) today reported financial results for its fourth quarter and fiscal year ended April 30, 2013. For the quarter, reported net sales^1 increased 8% to $866 million (+7% on an underlying basis^2) and reported operating income increased 18% to $177 million (+15% on an underlying basis). Diluted earnings per share in the quarter increased 8% to $0.52, compared to $0.49 in the prior year period, including approximately $0.07 cents of benefits due to the timing of shipments and discrete tax items. For the full year, reported net sales increased 5% to $3,784 million (+8% on an underlying basis), reported operating income increased 14% to $898 million (+13% on an underlying basis), and diluted earnings per share increased 16% to $2.75 compared to $2.37 in the prior year period. Reported earnings per share were negatively impacted by the absence of Hopland-based wines and adverse foreign exchange, but benefited from the aforementioned items in the fourth quarter of 2013. Paul Varga, the company's chief executive officer, said, "We are pleased to have delivered another year of top-tier industry results, with underlying sales growth of 8% and underlying operating income growth of 13%. The company achieved solid price increases, which helped drive margin expansion. Due to continued global interest in North American whiskey and favorable trends in premiumization, we remain cautiously optimistic that Brown-Forman's strong and balanced organic growth will continue in fiscal 2014." Fiscal 2013 Highlights *Underlying net sales increased 8%, driven by broad-based geographic gains and brand strength, with constant currency net sales^3 up 6% *Price/mix contributed over three points to net sales growth *Jack Daniel's family of brands grew net sales 11% *The company's super and ultra-premium whiskey brands grew net sales 19% *Casa Herradura's family of tequila brands grew net sales 9% *Finlandia's family of brands grew net sales 6% *Underlying operating income increased 13%, driven by top-line growth, gross margin expansion, and operating expense leverage *As of April 30, 2013, Brown-Forman generated an industry-leading ROIC^4 of 22% Fiscal 2013 Performance The company's underlying sales growth of 8% was driven by strong brand performance from its focused portfolio. The company's outperformance was also fueled by the strength of the North American whiskey category, continued growth of Jack Daniel's Tennessee Honey, and growth from premium and above brands. Company-wide price/mix contributed approximately three points to full year sales growth and drove the company's global value share, while depletions grew at a mid single-digit rate. This balanced revenue growth helped deliver gross margin expansion of 200bps. Approximately half of the increase was driven by improved price/mix and reductions in costs associated with value-added packaging, while the other half was due to the absence of Hopland-based wines. The company enjoyed broad-based geographic gains, driven by strong results in both the emerging markets and the developed world. Brown-Forman Corporation – Top Ten Countries Supplemental Information (Unaudited) Twelve Months Ended April 30, 2013 Country % of Net Sales % Growth in Constant Currency Net Sales United States^5 41% 8% Australia 13% 6% United Kingdom 9% 4% Mexico 6% 8% Germany 5% 13% Poland 5% 5% France 2% 14% Russia 2% 36% Japan 1% 18% Turkey 1% 38% In the emerging markets, net sales growth was widespread. Turkey's net sales jumped 38% as route-to-market changes implemented two years ago have dramatically improved distribution as well as accelerated the success of brand-building efforts among consumers in a rapidly growing distilled spirits market. Russia enjoyed similarly strong year-over-year growth, increasing net sales by 36%. Brazil, the company's fourteenth largest market outside of the United States, enjoyed a 23% increase in net sales. Ukraine, Kazakhstan, and Georgia grew net sales by 29% to almost 300,000 cases in the aggregate. Southeast Asia's net sales grew 16% to 300,000 cases, driven by Thailand's 19% jump, India's 26% increase, and Indonesia's 29% growth. Emerging Africa surpassed the 100,000 case mark with net sales growth of 12%. Net sales continued to grow at a mid to high single-digit rate in most of the developed markets, including a strong performance in the United States, where net sales, adjusted for Hopland-based wines, grew by 8%. Australia and the United Kingdom also continued to grow net sales in the mid single-digits, while France grew by 14%, roughly in-line with its five and ten year rates of growth. Not surprisingly, net sales growth in Italy and Spain remained under pressure given the weak economic conditions, but the company's portfolio gained share in these challenging markets. Japan's 18% net sales growth included some inventory build related to the new agency relationship with Asahi. The company's Global Travel Retail business delivered 12% net sales growth, driven by price increases, successful innovation, and new product launches, including the successful rollout of Jack Daniel's Tennessee Honey and Jack Daniel's Sinatra Select. The majority of the company's brands delivered net sales growth in the year, led by the Jack Daniel's trademark. Jack Daniel's Tennessee Whiskey grew net sales by 7%, with markets outside of the United States modestly outpacing the strong growth in the United States. Jack Daniel's Tennessee Honey's global net sales nearly doubled in the second full year in the marketplace. Sales in the United States grew by 37%, as brand awareness has grown and velocity has increased in the off-premise. Sales outside of the United States were driven by the successful rollout of the brand to several key markets including the United Kingdom, Australia, Poland, and South Africa. The company expects to bring this great product into other important markets for Jack Daniel's in fiscal 2014. Jack Daniel's Tennessee Honey, along with other innovations, contributed roughly 25% of the company's net sales growth in Fiscal 2013. Brown-Forman's portfolio of super and ultra-premium whiskey brands, including Woodford Reserve and Woodford Reserve Double Oaked, Jack Daniel's Single Barrel, Gentleman Jack, and Collingwood, grew net sales almost 20% in the year and depleted over 825,000 cases. Woodford's performance was exceptional, up 28%, and the company believes there is a long global runway ahead for this brand, including markets outside of the United States given only 14% of the brand's sales are currently generated in non-U.S. markets. Additionally, the company intends to ramp up spending behind its Gentleman Jack brand in fiscal 2014 with the recent launch of the 'Order of Gentlemen' marketing campaign, and believes this super-premium line extension is also well-positioned for global growth. Markets outside of the United States grew net sales 30% in fiscal 2013 and drove almost two-thirds of Gentleman Jack's incremental sales. Finlandia vodka's family of brands grew net sales by 6%, reaching record levels, with depletions of almost 3.3 million cases. Sales growth was driven by strong demand in Russia. The Casa Herradura family of tequila brands grew net sales by 9%. Herradura grew global net sales 15%, fueled by 20% growth in the United States. New Mix RTDs grew 13% and el Jimador grew net sales by 11% in the United States, offset by a 2% decline in non-U.S. markets. Southern Comfort's family of brands net sales grew 1% in the United States, but declined 4% globally, an improvement from the 7% decline in Fiscal 2012. While Southern Comfort continued to experience sales declines in markets outside of the United States, the company believes that fiscal 2013 marked the first step towards returning the brand to global growth. Underlying SG&A increased by 8% and underlying A&P spend grew by 6% in fiscal 2013, as the company continued to invest in its brands and the infrastructure that will support the company's goal of delivering long-term growth. Dividends and Other As of April 30, 2013, total debt was $1,002 million, compared with $510 million as of April 30, 2012. On February 25, 2013, Brown-Forman completed the redemption of its outstanding $250 million 5% notes due 2014 and recorded a pre-tax expense of $9 million. During fiscal 2013, the company returned almost $1.1 billion to shareholders through its recurring quarterly dividends as well as the $4 special dividend paid during the third quarter of fiscal 2013. Brown-Forman has paid regular cash dividends for 67 consecutive years and increased them for each of the last 29 years, making Brown-Forman a member of the Standard and Poor's 500 Dividend Aristocrats Index. The company also produced what it believes to be an industry-leading return on invested capital of 22%. Fiscal Year 2014 Outlook Despite the uncertainty in the global macroeconomic environment, the company is anticipating that the strong trends experienced in fiscal 2013 will continue into fiscal 2014. Accordingly, the company currently expects high single-digit growth in both reported and underlying sales, driven by the continued global expansion of the Jack Daniel's trademark, including both Tennessee Whiskey and Tennessee Honey. The company's focus on super-premium brands including Herradura, Woodford Reserve, Gentleman Jack, and Jack Daniel's Single Barrel, along with continued growth in Finlandia and an improvement in Southern Comfort's results, should also drive sales growth. Sales growth includes expected price increases in the low single-digit range, which should help offset inflationary pressures. Modest operating leverage through the SG&A line would result in underlying operating income growth of approximately 9-11% and diluted earnings per share of $2.80 to $3.00. Reported earnings per share include the anticipated negative impact of $0.06 per share related primarily to the buyback of inventory in France as the company transitions to an owned distribution model on January 1, 2014, as well as a $0.02 negative impact from adverse foreign exchange moves. The following table summarizes the current fiscal 2014 outlook, including the items that are expected to negatively impact reported rates of growth: EPS Roll Forward Fiscal 2013 Reported EPS $2.75 Fiscal 2013 Adjustments: Shipments in excess of depletions -0.05 Discrete tax items -0.02 Bond redemption fees +0.03 Adjusted 2013 Baseline EPS^6 $2.71 Expected incremental EPS growth +0.17 to +0.37 Anticipated impact from France buyback and foreign exchange -0.08 in fiscal 2014 Fiscal 2014 EPS Outlook $2.80 to $3.00 Brown-Forman will host a conference call to discuss the results at 10:00 a.m. (EDT) this morning. All interested parties in the U.S. are invited to join the conference call by dialing 888-624-9285 and asking for the Brown-Forman call. International callers should dial 706-679-3410. The company suggests that participants dial in ten minutes in advance of the 10:00 a.m. start of the conference call. A live audio broadcast of the conference call will also be available via Brown-Forman's Internet website, http://www.brown-forman.com/, through a link to "Investor Relations." For those unable to participate in the live call, a replay will be available by calling 855-859-2056 (U.S.) or 404-537-3406 (international). The identification code is 68352658. A digital audio recording of the conference call will also be available on the website approximately one hour after the conclusion of the conference call. The replay will be available for at least 30 days following the conference call. For more than 140 years, Brown-Forman Corporation has enriched the experience of life by responsibly building fine quality beverage alcohol brands, including Jack Daniel's Tennessee Whiskey, Southern Comfort, Finlandia, Jack Daniel's & Cola, Canadian Mist, Korbel, Gentleman Jack, el Jimador, Herradura, Sonoma-Cutrer, Chambord, New Mix, Tuaca, and Woodford Reserve. Brown-Forman's brands are supported by nearly 4,000 employees and sold in approximately 160 countries worldwide. For more information about the Company, please visit http://www.brown-forman.com/. Footnotes: ^1 Percentage growth rates are compared to prior year periods, unless otherwise noted. ^2 Underlying change represents the percentage increase or decrease in reported financial results in accordance with generally accepted accounting principles (GAAP) in the United States, adjusted for certain items. A reconciliation from reported to underlying net sales, gross profit, advertising expense, SG&A, and operating income (non-GAAP measures) increases or decreases for the three-month and twelve-month periods ended April 30, 2013, and the reasons why management believes these adjustments to be useful to the reader, are included in Schedule A and the note to this press release. ^3 All 'net sales' references are on a constant currency basis, unless otherwise noted. Constant currency represents reported net sales with the cost/benefit of currency movements removed. Management uses the measure to understand the growth of the business on a constant dollar basis, as fluctuations in exchange rates can distort the underlying growth of the business both positively and negatively. ^4 Return on invested capital is defined as the sum of net income (excluding extraordinary items) and after-tax interest expense, divided by average invested capital. Invested capital equals assets less liabilities, excluding interest-bearing debt. ^5 Net sales growth in the United States is adjusted for Fiscal 2012's $79 million in Hopland-based wine sales. ^6 We believe that excluding specific items which are not anticipated to impact fiscal 2014 earnings provides helpful information in forecasting and planning the growth expectations of the company. Important Information on Forward-Looking Statements: This report contains statements, estimates, and projections that are "forward-looking statements" as defined under U.S. federal securities laws. Words such as "aim," "anticipate," "aspire," "believe," "continue," "envision," "estimate," "expect," "expectation," "intend," "may," "plan," "potential," "project," "pursue," "see," "seek," "should," "will," and similar words identify forward-looking statements, which speak only as of the date we make them. Except as required by law, we do not intend to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. By their nature, forward-looking statements involve risks, uncertainties and other factors (many beyond our control) that could cause our actual results to differ materially from our historical experience or from our current expectations or projections. These risks and other factors include, but are not limited to: *Dependence upon the continued growth and profitability of the Jack Daniel's family of brands *Unfavorable global or regional economic conditions, and related low consumer confidence, high unemployment, weak credit or capital markets, sovereign debt defaults, sequestrations, austerity measures, higher interest rates, political instability, higher inflation, deflation, or lower returns or discount rates on pension assets *Risks associated with being a U.S-based company with global operations, including political or civil unrest; local labor policies and conditions; protectionist trade policies; compliance with local trade practices and other regulations, including anti-corruption laws; terrorism; and health pandemics *Fluctuations in foreign currency exchange rates *Changes in laws, regulations or policies – especially those that affect the production, importation, marketing, sale or consumption of our beverage alcohol products *Tax rate changes (including excise, sales, VAT, tariffs, duties, corporate, individual income, dividends, capital gains) or in related reserves, changes in tax rules (e.g., LIFO, foreign income deferral, U.S. manufacturing and other deductions) or accounting standards, and the unpredictability and suddenness with which they can occur *Changes in consumer preferences, consumption or purchase patterns – particularly away from brown spirits, our premium products, or spirits generally, and our ability to anticipate and react to them; decline in the social acceptability of beverage alcohol products in significant markets; bar, restaurant, travel or other on-premise declines *Production facility, aging warehouse or supply chain disruption; imprecision in supply/demand forecasting *Higher costs, lower quality or unavailability of energy, input materials or finished goods *Route-to-consumer changes that affect the timing of our sales, temporarily disrupt the marketing or sale of our products, or result in implementation-related or higher fixed costs *Inventory fluctuations in our products by distributors, wholesalers, or retailers *Competitors' consolidation or other competitive activities, such as pricing actions (including price reductions, promotions, discounting, couponing or free goods), marketing, category expansion, product introductions, entry or expansion in our geographic markets or distribution networks *Risks associated with acquisitions, dispositions, business partnerships or investments – such as acquisition integration, or termination difficulties or costs, or impairment in recorded value *Insufficient protection of our intellectual property rights *Product counterfeiting, tampering, or recall, or product quality issues *Significant legal disputes and proceedings; government investigations (particularly of industry or company business, trade or marketing practices) *Failure or breach of key information technology systems *Negative publicity related to our company, brands, marketing, personnel, operations, business performance or prospects *Business disruption, decline or costs related to organizational changes, reductions in workforce or other cost-cutting measures, or our failure to attract or retain key executive or employee talent For further information on these and other risks, please refer to the "Risk Factors" section of our annual report on Form 10-K and quarterly reports on Form 10-Q filed with the SEC. Use of Non-GAAP Financial Information This press release includes measures not derived in accordance with generally accepted accounting principles ("GAAP"), including underlying net sales and underlying operating income. These measures should not be considered in isolation or as a substitute for any measure derived in accordance with GAAP, and also may be inconsistent with similar measures presented by other companies. Reconciliations of these measures to the most closely comparable GAAP measures, and reasons for the company's use of these measures, are presented on Schedule A attached hereto. Brown-Forman Corporation Unaudited Consolidated Statements of Operations For the Three Months Ended April 30, 2012 and 2013 (Dollars in millions, except per share amounts) 2012 2013 Change Net sales $ 801 $ 866 8 % Excise taxes 198 206 4 % Cost of sales 181 200 11 % Gross profit 422 460 9 % Advertising 99 99 1 % expenses Selling, general, and 175 180 3 % administrative expenses Other (income) (2 ) 4 expense, net Operating income 150 177 18 % Interest 7 16 expense, net Income before 143 161 12 % income taxes Income taxes 38 48 Net income $ 105 $ 113 8 % Earnings per share: Basic $ 0.49 $ 0.53 8 % Diluted $ 0.49 $ 0.52 8 % Gross margin 52.6 % 53.1 % Operating margin 18.7 % 20.4 % Effective tax 27.1 % 29.7 % rate Cash dividends paid per common $ 0.23 $ 0.26 share Shares (in thousands) used in the calculation of earnings per share Basic 213,024 213,581 Diluted 214,610 215,212 Note: All previously reported share and per share amounts have been restated to reflect the 3-for-2 stock split effected in August 2012. Brown-Forman Corporation Unaudited Consolidated Statements of Operations For the Years Ended April 30, 2012 and 2013 (Dollars in millions, except per share amounts) 2012 2013 Change Net sales $ 3,614 $ 3,784 5 % Excise taxes 891 935 5 % Cost of sales 928 894 (4 %) Gross profit 1,795 1,955 9 % Advertising 395 408 3 % expenses Selling, general, and 610 650 7 % administrative expenses Amortization 3 -- expense Other (income), (1 ) (1 ) net Operating income 788 898 14 % Interest 28 33 expense, net Income before 760 865 14 % income taxes Income taxes 247 274 Net income $ 513 $ 591 15 % Earnings per share: Basic $ 2.39 $ 2.77 16 % Diluted $ 2.37 $ 2.75 16 % Gross margin 49.7 % 51.7 % Operating margin 21.8 % 23.7 % Effective tax 32.5 % 31.7 % rate Cash dividends paid per common share: Regular quarterly cash $ 0.89 $ 0.98 dividends Special cash -- 4.00 dividend Total $ 0.89 $ 4.98 Shares (in thousands) used in the calculation of earnings per share Basic 214,529 213,369 Diluted 216,083 214,986 Note: All previously reported share and per share amounts have been restated to reflect the 3-for-2 stock split effected in August 2012. Brown-Forman Corporation Unaudited Condensed Consolidated Balance Sheets As of April 30, 2012 and 2013 (Dollars in millions) 2012 2013 Assets: Cash and cash equivalents $ 338 $ 204 Accounts receivable, net 475 548 Inventories 712 827 Other current assets 224 242 Total current assets 1,749 1,821 Property, plant, and equipment, net 399 450 Goodwill 617 617 Other intangible assets 668 668 Other assets 44 70 Total assets $ 3,477 $ 3,626 Liabilities: Accounts payable and accrued expenses $ 386 $ 451 Short-term borrowings 4 3 Current portion of long-term debt 3 2 Other current liabilities 11 17 Total current liabilities 404 473 Long-term debt 503 997 Deferred income taxes 158 180 Accrued postretirement benefits 278 280 Other liabilities 65 68 Total liabilities 1,408 1,998 Stockholders' equity 2,069 1,628 Total liabilities and stockholders' equity $ 3,477 $ 3,626 Brown-Forman Corporation Unaudited Condensed Consolidated Statements of Cash Flows For the Twelve Months Ended April 30, 2012 and 2013 (Dollars in millions) 2012 2013 Cash provided by operating activities $ 516 $ 537 Cash flows from investing activities: Additions to property, plant, and equipment (58 ) (95 ) Other (10 ) (2 ) Cash used for investing activities (68 ) (97 ) Cash flows from financing activities: Repayment of long-term debt (252 ) (253 ) Proceeds from long-term debt -- 747 Acquisition of treasury stock (220 ) -- Dividends paid (192 ) (1,063 ) Other 2 (7 ) Cash used for financing activities (662 ) (576 ) Effect of exchange rate changes on cash and (15 ) 2 cash equivalents Net decrease in cash and cash equivalents (229 ) (134 ) Cash and cash equivalents, beginning of period 567 338 Cash and cash equivalents, end of period $ 338 $ 204 Schedule A Brown-Forman Corporation Supplemental Information (Unaudited) Three Months Twelve Fiscal Year Ended Months Ended Ended Apr 30, 2013 Apr 30, 2013 April 30, 2012 Reported change in net 8% 5% 6% sales Impact of foreign 1% 1% - currencies Impact of Hopland-based - 2% 2% wine business sale Estimated net change in (2%) (1%) 1% distributor inventories Underlying change in net 7% 8% 9% sales Reported change in gross 9% 9% 4% profit Impact of foreign 2% 1% 1% currencies Impact of Hopland-based 1% 1% 3% wine business sale Estimated net change in (4%) (1%) - distributor inventories Underlying change in 8% 10% 8% gross profit Reported change in 1% 3% 8% advertising Impact of foreign 2% 2% - currencies Impact of Hopland-based 1% 1% 1% wine business sale Underlying change in 4% 6% 9% advertising Reported change in SG&A 3% 7% 6% Impact of Hopland-based 1% - - wine business sale Dispute settlement - - (1%) Impact of foreign - 1% 1% currencies Underlying change in 4% 8% 6% SG&A Reported change in 18% 14% (8%) operating income Impact of foreign 6% 1% 3% currencies Impact of Hopland-based 3% 1% 12% wine business sale Dispute settlement - - 1% Estimated net change in (12%) (3%) 1% distributor inventories Underlying change in 15% 13% 9% operating income Note: Totals may differ due to rounding Notes: Foreign currencies – Refers to net gains and losses incurred by the company relating to sales and purchases in currencies other than the U.S. Dollar. Brown-Forman uses the measure to understand the growth of the business on a constant dollar basis as fluctuations in exchange rates can distort the underlying growth of the business (both positively and negatively). To neutralize the effect of foreign exchange fluctuations, the company has translated current year results at prior year rates. While Brown-Forman recognizes that foreign exchange volatility is a reality for a global company, it routinely reviews its performance on a constant dollar basis. The company believes this allows management and investors to understand Brown-Forman's growth trends. Hopland-based wine business sale – Refers to the company's April 2011 sale of its Hopland, California-based wine business to Viña Concha y Toro S.A., whose brands were retained in the company's portfolio as agency brands through December 31, 2011. This agency relationships resulted in fiscal 2012 reported net sales of $79 million and $0.03 per diluted share. Included in this sale were the Fetzer winery, bottling facility, and vineyards, as well as the Fetzer brand and other Hopland, California-based wines, including Bonterra, Little Black Dress, Jekel, Five Rivers, Bel Arbor, Coldwater Creek, and Sanctuary. Also included in the sale was a facility in Paso Robles, California. Estimated net change in distributor inventories – Refers to the estimated financial impact of changes in distributor inventories for the company's brands. Brown-Forman computes this effect using estimated depletion trends and separately identifying trade inventory changes in the variance analysis for key measures. Based on the estimated depletions and the fluctuations in distributor inventory levels, the company then adjusts the percentage variances from prior to current periods for our key measures. Brown-Forman believes it is important to make this adjustment in order for management and investors to understand the results of the business without distortions that can arise from varying levels of distributor inventories. Dispute settlement – Refers to the favorable resolution of a dispute in an international market relating to the importation of our products. Management believes that excluding this benefit provides helpful information in forecasting and planning the growth expectations of the company. The company cautions that non-GAAP measures should be considered in addition to, but not as a substitute for, the company's reported GAAP results Schedule B Brown-Forman Corporation Supplemental Information (Unaudited) Twelve Months Ended April 30, 2013 % Change vs. FY2012 Depletions (000's) Depletions Net Sales Equivalent Equivalent Constant Brand 9-Liter 9-Liter Reported Currency Conversion^1 Conversion Jack Daniel's 19,013 13,094 6% 6% 9% 11% Family Jack Daniel's Family of 12,437 12,428 6% 6% 10% 12% Whiskey Brands^2 Jack Daniel's 6,576 658 5% 5% 5% 7% RTD/RTP^3 el Jimador 6,928 1,796 5% 2% 6% 7% Family el Jimador 1,225 1,225 0% 0% 2% 2% New Mix RTD^4 5,698 570 6% 6% 13% 13% Finlandia 3,476 3,299 6% 5% 3% 6% Family Finlandia 3,279 3,279 5% 5% 2% 5% Finlandia RTD 193 19 26% 26% 24% 30% Southern Comfort 2,353 2,046 (5%) (3%) (5%) (4%) Family Southern 2,012 2,012 (2%) (2%) (4%) (3%) Comfort^5 Southern Comfort 341 34 (19%) (19%) (15%) (15%) RTD/RTP Canadian Mist 1,600 1,600 (3%) (3%) (1%) (1%) Korbel 1,330 1,330 4% 4% 6% 6% Champagne Super-Premium 1,182 1,182 6% 6% 10% 10% Other^6 Rest of Brand Portfolio 2,118 2,118 6% 6% 5% 8% (excl. Discontinued Brands) Total Active 38,005 26,466 4% 4% 7% 8% Brands Note: Totals may differ due to rounding ^1 Equivalent conversion depletions represent the conversion of ready-to-drink (RTD) brands to a similar drinks equivalent as the parent brand for various trademark families. RTD volume is divided by 10. ^2 Jack Daniel's brand family excluding RTD/RTP line extensions ^3 Refers to all RTD and ready-to-pour (RTP) line extensions of Jack Daniel's ^4 RTD brand produced with el Jimador tequila ^5 Includes Southern Comfort, Southern Comfort Reserve, and Southern Comfort flavors ^6 Includes Chambord liqueur and flavored vodka, Herradura, Sonoma-Cutrer, Tuaca, and Woodford Reserve Contact: Brown-Forman Corporation Phil Lynch, 502-774-7928 Vice President Director Corporate Communications and Public Relations or Jay Koval, 502-774-6903 Vice President Director Investor Relations
Brown-Forman Reports Stellar Results in Fiscal 2013; Expects Another Strong Year of Growth in 2014
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After a long battle with prostate cancer, Darwin A. Thompson of Fort Bragg, died on Sept. 11, 2013, in his home with his family at his bedside. Darwin was born on June 23, 1937, in Fort Bragg to Horace and Ann Thompson of Westport. He was 76 at the time of his death.
Darwin grew up in Westport and graduated from Fort Bragg High School in 1956. After school he worked in the fishing industry and at the Union Lumber Company for a short time before heading out on his "Great Idaho Adventure." Upon returning from his adventure, he married his high school sweetheart, Patricia DeOliveria, whom he met during the Labor Day Parade as his float followed hers and she threw grapes at him. He then settled into carpentry and later purchased Thompson's Septic Service, from which he retired.
Darwin was an avid skin and scuba diver, belonging to the FB Red Snappers, Ukiah Snorkel Snoopers and the Richmond Pelicans. He will be remembered for always limiting out on his abalone and, to everyone's dismay, his would be the biggest. Darwin played rhythm guitar in the Sand Dollars dance band with his late wife, Pat. For many years they would provide music for club gatherings and weddings. While Darwin enjoyed it, he would never play the guitar unless his wife was playing the organ.
Darwin will be missed by his survivors; Debra Hendricks, daughter; David Thompson, son; Leah & Sam Thompson, grandchildren; Marie Thompson, daughter-in-law; Terry Hendricks, son-in-law; Sandra Schnaubelt, friend; and his brothers, Robert, Melvin, Richard and Allyn Thompson. He was predeceased by his wife, Patricia, in 1990.
A memorial service was held on Sept. 17, 2013, at the Westport Cemetery and Church. Arrangements were made by Chapel by the Sea and the community of Westport. His family will be forever grateful for their kindness, support and hard work.
Memorial donations may be made to an organization of the donor's personal choice.
Published in Fort Bragg Advocate-News on Sept. 19, 2013
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El D�a de la bestia (The Day of the Beast) (1999)
Critics Consensus: No consensus yet.
No critic reviews yet...
Movie Info
Spanish filmmaker Alex de la Iglesia followed his outlandish sci-fi/horror debut, Accion Mutante, with this colorful apocalypse fantasy about Father Angel (Alex Angulo), a scholarly priest whose intensive research into cabalistic "Bible Code" prophecies leads to a horrific discovery: the exact birthdate of the Antichrist. Convinced that Satan's spawn will be born somewhere in Madrid on Christmas Day, Father Angel embarks on a bizarre journey down the path of sin, committing the foulest possible … More
- Rating:
- R (for strong brutal violence, language, drug use and brief nudity)
- Genre:
- Mystery & Suspense , Horror
- Directed By:
- �lex de la Iglesia
- Written By:
- �lex de la Iglesia , Jorge Guerricaechevarr�a
- In Theaters:
- Jun 18, 1999 Limited
- On DVD:
- Nov 23, 1999
- Runtime:
as The Priest
as Professor Cavan
as Jose Maria
as Rosario
as Mina
as Old Priest
as TV Producer
as Susana
El D�a de la bestia (The Day of the Beast) Videos
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LoginCritic Reviews for El D�a de la bestia (The Day of the Beast)
All Critics (19) | Top Critics (6) | Fresh (8) | Rotten (2) | DVD (1)
The film is aware that the plot points are absurd, and de la Iglesia visually tells the story as if it were a mean spirited comic book, but it all plays straight, with no irritating winking.
Its mildly blasphemous subject matter, weak special effects, and at times murky storyline make it a tough sell to mainstream audiences anywhere.
One key difference between the film industries in America and Spain: America would never honor a horror comedy with multiple Oscar wins, let alone nominations.
Audience Reviews for El D�a de la bestia (The Day of the Beast)
hilarious, like a subversive ghostbusters, with great committed performances by alex angulo as the mad priest and especially santiago segura as a heavy metal fan enlisted to help prevent the apocalypse
MoreSuper Reviewer
Exceptional dark comedy from Almod�var proteg�, Alex de la Iglesia. Shocking, violent and hilarious, EL DIA DE LA BESTIA is endlessly entertaining. De la Iglesia takes a classic formula and sets it in Madrid to interesting results.
Alex Angulo, Santiago Segura and Armando de Razza play a triad of unique characters that compliment each other perfectly, bringing the amazing story by De la Iglesia and Jorge Guerricaechevarr�a to life.
Super Reviewer
How has this film been around for 14 years without me hearing of it? This is exactly my cup of tea. Original, funny, exciting and dark. The Day of the Beast is about a priest that begins committing sins so that he can contact Satan and trick him into revealing the future birth place of the Antichrist. Thus, allowing him to kill the child and prevent the apocalypse. The film begins with our "hero", a very loose term as he must be evil to save the world, doing stuff such as stealing change from beggars, pushing mimes off high platforms and keying peoples cars. As the end of days approaches, his acts become even more dark, but are always handled with a dark sense of humour. On his way he picks up two followers and the three of them create a very memorable cinematic trio. The film succeeds with a spot-on tone. It's never cheesy, too far-fetched or too serious. It knows when to drive the plot forward and when to sit back and have some fun. It also has some kickass music and memorable death scenes.
MoreSuper Reviewer
De la Iglesia's perfect blend of horror with the most crazy, outrageous humour. the "three wise men" are superb in their roles, but Santiago Segura is the one who steals the show. Apocalypse will never be this fun.
MoreSuper Reviewer
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Discuss El D�a de la bestia (The Day of the Beast) on our Movie forum!


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Involvement:Expert (understands the inner workings) - Ownership:less than 1 day
Pros:If anything matters when dealing with a 2nd HDD caddy, it's how it fits inside your laptop. Used it on an Asus M50Vn 4-year old laptop, fitted perfectly. I was able to mount the outer panel of my old DVD-ROM on the caddy, so now the laptop looks exactly like it did before. At least until you press the "eject" button and nothing happens.
The HDD also fitted without problems in the internal bay.
No real cons, but some mentions to be made.
OtherThoughts:- in order to be able to securely mount the caddy in my laptop, i had to unscrew a little adapter plate that was screwed onto my old DVD-ROM and re-screw it onto the caddy
- there are only two holes (more than enough, though) for the screws that hold the HDD onto the caddy; if you really are paranoid and feel the need to use all the 4 screws, you can cut those two extra holes easily with a small drill
- the screws for securing the HDD are a little thick and tend to hang onto the plastic case when mounting/unmounting the caddy
Great device, did its job perfectly.
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Age of Majority
Parent participation in the educational planning for their child changes when the child reaches the age of majority (age 18 in most states). At that time the responsibility and rights the parent has assumed for the development and monitoring of their child's educational program diminishes as those rights transfer to the child. According to IDEA 2004:
Beginning not less than one year before the student reaches the age of majority, a statement must be included in the student's IEP that he has been informed of his rights and that these rights will be transferred to him upon his reaching the age of majority.
During the year prior to the student's reaching the age of majority, teachers, parents, and the student should work together to understand the ramifications of this change, and to provide self-advocacy training for the student.
In some instances, it may be apparent that the student does not have the ability to assume the responsibilities inherent in this change. According to NCSET (2002, p. 4), "for these students, guardianship, conservatorship, or another form of representation by an advocate may be appropriate." Guardianship is a legal designation in which the individual is rendered legally incompetent and therefore incapable or unable to assume the responsibilities accruing to him/her at the age of majority. If such a designation is made, a guardian, usually a parent, is appointed by the court to assume those legal responsibilities. In some instances, a form of limited guardianship, known as a conservatorship, may be the more appropriate option. The conservator, again usually the parent, is appointed to assume some, but not all, of the responsibilities resulting from the student reaching the age of majority. In this case, the individual retains those rights and responsibilities for which he or she is considered capable of managing.
Role of School Personnel as a Partner
Educators are responsible for facilitating the transition process by encouraging parent and student participation and facilitating their participation in transition planning. Specific strategies will depend on the age of the student and the type of transition being planned, and should be directed by the unique needs of each student and family.
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© ______ 2006, Merrill, an imprint of Pearson Education Inc. Used by permission. All rights reserved. The reproduction, duplication, or distribution of this material by any means including but not limited to email and blogs is strictly prohibited without the explicit permission of the publisher.


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Booked the trip through Ctrip, owners were very friendly and helpful. Although the style of inn is traditional, it was build only a year ago. Clean bathroom, air conditioned room, easy walking distance to the Square stree and the food stalls. Recommend to book room with two levels. Wall could be a little bit more sound proof, but does not... More
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Salesforce Rises on 4:1 Stock Split
NEW YORK ( TheStreet) -- Salesforce.com (CRM - Get Report) shares were rising in after-hours trading after the San Francisco-based cloud computing company announced a four-for-one stock split.
The stock was up 0.62% to $173.80, according to Nasdaq.com after gaining 0.13% during regular trading.
By executing the split, Salesforce is increasing the number of its shares outstanding, bulking-up to 1.6 billion from 400 million. Shareholders of record at the close on April 3, 2013 will be eligible for the split, and will receive an additional three shares for every outstanding share held at that time.
The company said in the press release that it expects the additional shares to be distributed by the transfer agent on April 17, and will begin trading split-adjusted on the next day, April 18, 2013.
Salesforce.com recently reported earnings that were better than what Wall Street was expecting. The San Francisco-based software provider reported non-GAAP earnings of 51 cents a share on $835 million in revenue, as its software and services continue to show strength. Subscription and support revenue rose 32% year over year to $785 million, while professional services and other revenue grew 31% to $49 million. Wall Street analysts were expecting profit of 40 cents a share. -- Written by Chris Ciaccia in New York >Contact by Email. Follow @Commodity_BullCheck Out Our Best Services for Investors
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Tranmere 0-2 Huddersfield
Lee Novak scored twice as Huddersfield kept up their playoff charge with victory at struggling Tranmere.The visitors went ahead against the run of play when Novak headed in at the second attempt from a corner. The hosts continued to attack with both Marvin Sordell and Craig Curran seeing shots saved by Alex Smithies. But Novak latched on to a through ball from Antony Kay to fire home an angled shot as Huddersfield made it 10 league games without defeat. Huddersfield Town manager Lee Clar.... read more
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I don't have to take drug tests for the job where I work, but I have taken them in the past for positions I was applying for. I'm not a drug user. The smell of marijuana makes me sick. Even though I'm not a user, I still get nervous about the tests.
Whenever I have to wait that week for the results I get more nervous. People make mistakes, and someone in the lab where they get the results could make a mistake, and my test might come back positive for marijuana. Test results should be immediate, so you can dispute the results then and there and take a second test if necessary.


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7 results for "cameron robinson"
Recruiting battles: Bama vs. LSU Part II
David HelmanWe've covered the recent history of the fight for bluechip prospects between Alabama and LSU. Take a look at NFL rosters, and you'll these two SEC rivals well represented. Everyone who is anyone in the world of college football recruiting has been pu...
Blog | October 31, 2012 -
2014 position preview: Offensive line
David HelmanIf there's one lesson you can take away from the first half of the 2012 season, it might be that you can never have too much depth along the offensive line. It's almost comical how much trouble LSU has had keeping its offensive front healthy, whether...
Blog | October 24, 2012 -
Cameron Robinson getting comfy at LSU
David HelmanIt's fair to say there was a big visitor list this weekend in Tiger Stadium, but there was one particularly big visitor in attendance. Cameron Robinson (Monroe, La./West Monroe) was just one of many big names in attendance for LSU's win against So...
Blog | October 15, 2012 -
LSU shows its reach on 2014 Watch List
David HelmanNational signing day for the class of 2014 seems like a distant speck on the map, but this is already shaping up to be a textbook recruiting effort from LSU. There's a pretty basic formula the Tigers have followed to recruiting success during the ...
Blog | September 27, 2012 -
Robinson free to focus on football
David HelmanFinally, one of Louisiana's best prospects for 2014 is able to simply play football. Offensive tackle Cameron Robinson (West Monroe, La./West Monroe) is already drawing praise as one of the state's -- if not the entire nation's -- top prospects in...
Blog | September 06, 2012 -
Cameron Sims: Raise profile through play
David HelmanOuachita Parish might have lost offensive tackle Cameron Robinson to district rival West Monroe, but there is still a talented Cam on the Lions' roster this year. Junior wide receiver Cameron Sims figures to be quite a heralded prospect for 2014 i...
Blog | August 28, 2012 -
Prep games worth watching
David HelmanGeauxTigerNation writers Gary Laney and David Helman get you ready for the season with a daily breakdown throughout August of what LSU is facing in the fall, from its opponents, to its road trips to who it's recruiting. Today, David Helman has six su...
Blog | August 23, 2012


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Patterned skirt from DENIM & SUPPLY BY RALPH LAUREN. Elastic waist and ruffled at the hem.
100% Polyester.
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