70/100B83.950
USD
-1.24
(-1.46%)
Market Closed
Last updated: · Delayed 15 min
Fair value59.90Plus+40%42Price 83.95110
Last quarter:EPS0.81Missed -25.7%
Last quarter · H2 FY2026
EPS0.81Missed -25.7%Revenue16.51BBeat +3.8%
Anheuser-Busch INBEV SA cash flow statement 2002–2026
Anheuser-Busch INBEV SA/NV's free cash flow over the last twelve months was 13.73B USD: operating cash flow of 17.36B USD less 3.64B USD of capital spending. That is 28.3% of its revenue and 6.95 a share.
Operating cash flow Free cash flow
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| Fiscal year | TTM 30 Jun 2026 | FY2025 31 Dec 2025 | FY2024 31 Dec 2024 | FY2023 31 Dec 2023 | FY2022 31 Dec 2022 | FY2021 31 Dec 2021 | FY2020 31 Dec 2020 | FY2019 31 Dec 2019 | FY2018 31 Dec 2018 | FY2017 31 Dec 2017 | FY2016 31 Dec 2016 | FY2015 31 Dec 2015 | FY2014 31 Dec 2014 | FY2013 31 Dec 2013 | FY2012 31 Dec 2012 | FY2011 31 Dec 2011 | FY2010 31 Dec 2010 | FY2009 31 Dec 2009 | FY2008 31 Dec 2008 | FY2007 31 Dec 2007 | FY2006 31 Dec 2006 | FY2005 31 Dec 2005 | FY2004 31 Dec 2004 | FY2003 31 Dec 2003 | FY2002 31 Dec 2002 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Net income | 9.33B | 6.86B | 5.84B | 5.35B | 5.97B | 4.66B | -654.31M | 8.75B | 3.83B | 8.05B | 1.19B | 8.23B | 9.18B | 14.42B | 7.20B | 5.89B | 4.02B | 4.63B | 1.88B | 3.01B | 1.77B | 1.12B | 974.68M | 636.00M | 490.05M |
Depreciation and amortization | 5.82B | 5.65B | 5.54B | 5.41B | 5.08B | 5.05B | 4.63B | 4.66B | 4.62B | 4.42B | 3.47B | 3.02B | 3.22B | 2.91B | 2.70B | 2.71B | 2.78B | 2.69B | 1.84B | 1.47B | 1.27B | 1.10B | 908.25M | 681.33M | 561.40M |
Stock-based compensation | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Change in working capital | 627.18M | -826.55M | -396.30M | -1.96B | -697.38M | 2.08B | -24.16M | -719.87M | -9.99M | -401.10M | -296.35M | 1.33B | 355.63M | 867.67M | 1.11B | 1.42B | 225.75M | 239.90M | 310.20M | -127.30M | 164.43M | -177.24M | 16.27M | -152.39M | -159.50M |
Change in receivables | -125.52M | -187.58M | 340.40M | -1.15B | -48.03M | 163.74M | 519.42M | -257.95M | -104.89M | 67.69M | -712.43M | ||||||||||||||
Change in inventory | -39.65M | 87.27M | -148.74M | 718.11M | -1.55B | -1.23B | -429.83M | -425.92M | -587.37M | -215.20M | -363.20M | ||||||||||||||
Change in payables | 1.10B | -298.92M | -214.62M | -1.11B | 1.25B | 3.52B | 506.33M | 678.87M | 1.17B | 368.77M | 1.25B | ||||||||||||||
Change in other working capital | -302.82M | -427.32M | -373.34M | -419.65M | -351.19M | -374.41M | -620.08M | -714.87M | -486.48M | -622.37M | -468.97M | ||||||||||||||
Other non-cash items | 1.84B | 3.25B | 4.35B | 5.18B | 3.28B | 3.14B | 6.08B | -113.98M | 5.23B | 3.53B | 5.72B | 1.47B | 1.33B | -4.31B | 2.34B | 2.55B | 2.86B | 1.59B | 2.09B | 1.22B | 920.06M | 789.52M | -23.05M | 284.62M | 204.62M |
Operating cash flow | 17.36B | 14.93B | 15.03B | 13.29B | 12.93B | 14.58B | 10.00B | 12.55B | 13.65B | 15.59B | 10.09B | 14.05B | 14.09B | 13.89B | 13.34B | 12.57B | 9.89B | 9.16B | 6.13B | 5.56B | 4.13B | 2.83B | 1.88B | 1.45B | 1.10B |
Operating cash flow growth | +14.34% | -0.66% | +13.12% | +2.74% | -11.33% | +45.78% | -20.28% | -8.09% | -12.42% | +54.54% | -28.22% | ||||||||||||||
Capital expenditure | -3.64B | -3.67B | -3.86B | -4.65B | -5.16B | -5.63B | -3.81B | -5.17B | -5.00B | -4.79B | -4.97B | -4.73B | -4.38B | -3.88B | -3.28B | -3.40B | -2.34B | -1.72B | -2.63B | -2.03B | -1.59B | -1.29B | -1.17B | -857.65M | -636.96M |
Acquisitions | -4.08B | -237.73M | -353.37M | 143.22M | 232.13M | -301.53M | 13.55B | 289.95M | -742.20M | 11.67B | -49.31B | -798.20M | -6.49B | -17.27B | -1.35B | 109.73M | 279.69M | 5.81B | -58.21B | -1.08B | -2.73B | -1.92B | -1.21B | -482.35M | -476.41M |
Purchases of investments | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -9.00M | 0.00 | 0.00 | -5.57B | 0.00 | -186.28M | 0.00 | -6.74B | 0.00 | -603.32M | 0.00 | 0.00 | -553.00M | -20.08M | -96.68M | -16.27M | -78.08M | -189.93M |
Sales and maturities of investments | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1.29B | 4.38B | 0.00 | 168.20M | 0.00 | 6.72B | 0.00 | 532.53M | 24.97M | 939.54M | 13.17M | 557.11M | 20.08M | 265.24M | 1.57B | 125.94M | 166.85M |
Other investing | 396.58M | 134.41M | 522.08M | 119.18M | 288.16M | 64.90M | -13.09M | 605.89M | 598.36M | -3.25B | -109.76M | 155.26M | -50.80M | 4.13B | -28.16M | 7.05M | 96.89M | 256.97M | -876.48M | 8.21M | 92.88M | 8.68M | 143.69M | 109.57M | 122.77M |
Investing cash flow | -7.32B | -3.77B | -3.69B | -4.38B | -4.64B | -5.87B | 9.44B | -4.31B | -4.02B | 7.73B | -59.96B | -5.20B | -11.11B | -10.30B | -11.41B | -2.75B | -2.54B | 5.29B | -61.70B | -3.23B | -4.37B | -3.20B | -681.87M | -1.18B | -1.01B |
Debt issued (repaid) | -2.28B | -2.47B | -3.82B | -2.90B | -7.18B | -8.50B | -8.35B | -8.01B | -4.70B | -10.08B | 62.54B | 454.83M | 3.25B | 4.47B | 3.67B | -4.59B | -4.29B | -11.84B | 51.42B | 491.41M | 1.10B | 701.52M | -109.80M | 294.70M | -200.43M |
Shares issued | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 5.57B | 0.00 | 0.00 | 0.00 | 4.98M | 82.68M | 73.14M | 102.58M | 156.03M | 214.76M | 76.29M | 9.27B | 114.98M | 102.93M | 69.41M | 39.31M | 8.82M | 3.15M |
| -1.68B | -2.31B | -935.34M | -362.56M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -995.26M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -788.68M | -821.29M | -74.06M | -147.49M | 0.00 | 0.00 | 0.00 | |
Dividends paid | -3.96B | -4.56B | -2.67B | -3.02B | -2.44B | -2.36B | -1.81B | -5.01B | -7.75B | -9.37B | -8.43B | -7.93B | -7.37B | -6.27B | -3.65B | -3.11B | -1.92B | -1.32B | -3.06B | -1.05B | -774.46M | -704.00M | -310.43M | -211.58M | -149.01M |
Other financing | -1.73B | -1.83B | -1.98B | -2.31B | -610.33M | -530.17M | -470.10M | -440.92M | -422.54M | -1.56B | -3.48B | -478.72M | 238.08M | 2.07B | 43.24M | -1.52B | -753.15M | -62.23M | -624.80M | -60.23M | -94.14M | 0.00 | -8.13M | 0.00 | 0.00 |
Financing cash flow | -9.65B | -11.16B | -9.40B | -8.59B | -10.23B | -11.39B | -10.63B | -7.89B | -12.88B | -21.01B | 50.63B | -8.94B | -3.81B | 341.66M | 162.92M | -9.06B | -6.75B | -13.15B | 56.22B | -1.33B | 261.08M | -80.56M | -489.37M | 91.94M | -346.29M |
Net change in cash | 491.00M | 464.00M | 842.00M | 359.00M | -2.12B | -3.16B | 8.01B | 164.00M | -3.40B | 1.89B | 1.66B | -1.43B | -1.48B | 2.79B | 4.92B | 724.00M | -226.00M | -285.83M | 743.95M | 746.04M | 141.31M | 292.53M | 699.49M | 336.26M | -268.63M |
| 13.73B | 11.26B | 11.17B | 8.64B | 7.77B | 8.95B | 6.20B | 7.38B | 8.65B | 10.80B | 5.12B | 9.33B | 9.71B | 10.01B | 10.06B | 9.17B | 7.55B | 7.44B | 3.50B | 3.54B | 2.54B | 1.55B | 710.34M | 591.92M | 459.62M | |
Free cash flow growth | +17.83% | +0.80% | +29.30% | +11.23% | -13.22% | +44.44% | -15.97% | -14.77% | -19.87% | +110.94% | -45.11% | ||||||||||||||
Free cash flow margin | 28.34% | 18.98% | 18.69% | 14.55% | 13.44% | 16.48% | 13.22% | 14.09% | 16.32% | 19.69% | 11.25% | ||||||||||||||
Free cash flow per share | 6.95 | 5.68 | 5.47 | 4.21 | 3.79 | 4.38 | 3.10 | 3.64 | 4.30 | 5.37 | 2.92 | 5.68 | 5.83 | 6.07 | 6.18 | 5.68 | 4.69 | 4.69 | 3.50 | 3.60 | 2.59 | 1.61 | 0.92 | 0.85 | 0.66 |
Free cash flow per share growth | +18.46% | +3.85% | +29.94% | +11.01% | -13.43% | +41.12% | -14.79% | -15.40% | -19.91% | +84.18% | -48.68% | ||||||||||||||
Income taxes paid | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Quarter | H1 FY2026 30 Jun 2026 | H2 FY2025 31 Dec 2025 | H1 FY2025 30 Jun 2025 | H2 FY2024 31 Dec 2024 | H1 FY2024 30 Jun 2024 | H2 FY2023 31 Dec 2023 | H1 FY2023 30 Jun 2023 | H2 FY2022 31 Dec 2022 | H1 FY2022 30 Jun 2022 | H2 FY2021 31 Dec 2021 | H1 FY2021 30 Jun 2021 | H2 FY2020 31 Dec 2020 | H1 FY2020 30 Jun 2020 | H2 FY2019 31 Dec 2019 | H1 FY2019 30 Jun 2019 | H2 FY2018 31 Dec 2018 | H1 FY2018 30 Jun 2018 | H2 FY2017 31 Dec 2017 | H1 FY2017 30 Jun 2017 | H2 FY2016 31 Dec 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Net income | 6.32B | 3.01B | 3.85B | 3.28B | 2.56B | 3.37B | 1.98B | 4.28B | 1.69B | 2.21B | 2.45B | 3.33B | -3.97B | 2.69B | 5.82B | 883.91M | 2.95B | 5.13B | 4.59B | 1.38B |
Depreciation and amortization | 2.76B | 3.06B | 2.60B | 2.94B | 2.58B | 2.91B | 2.49B | 2.79B | 2.28B | 2.31B | 2.28B | 2.45B | 2.41B | 2.35B | 2.27B | 2.29B | 2.33B | 2.18B | 2.14B | 1.74B |
Stock-based compensation | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 175.50M | 115.50M |
Change in working capital | -2.52B | 3.14B | -3.97B | 4.02B | -4.41B | 2.85B | -4.81B | 2.82B | -3.52B | 3.66B | -1.58B | 3.01B | -3.04B | 1.15B | -1.81B | 2.56B | -2.57B | 2.27B | 109.50M | 86.50M |
Change in receivables | -1.08B | 952.54M | -1.14B | 1.49B | -1.15B | 178.48M | -1.33B | 530.68M | -578.76M | 917.11M | ||||||||||
Change in inventory | -370.36M | 330.71M | -243.94M | 175.78M | -324.49M | 946.43M | -228.37M | -719.92M | -829.79M | -336.49M | ||||||||||
Change in payables | -909.89M | 2.01B | -2.30B | 2.47B | -2.69B | 1.96B | -3.07B | 3.17B | -1.92B | 3.20B | ||||||||||
Change in other working capital | -158.16M | -144.66M | -280.23M | -122.66M | -250.61M | -227.30M | -192.31M | -157.37M | -194.25M | -116.51M | ||||||||||
Other non-cash items | -1.31B | 3.15B | 408.24M | 2.35B | 2.01B | 3.58B | 1.61B | 1.45B | 1.86B | 3.11B | 476.08M | -185.00M | 6.04B | 1.28B | -1.21B | 4.38B | 849.91M | 2.20B | -259.50M | 923.50M |
Operating cash flow | 5.25B | 12.12B | 2.73B | 12.46B | 2.56B | 12.38B | 905.47M | 11.10B | 1.85B | 11.10B | 3.47B | 8.89B | 1.12B | 7.63B | 4.90B | 10.23B | 3.42B | 11.48B | 7.72B | 5.06B |
Operating cash flow growth | +92.47% | -2.75% | +6.31% | +0.67% | +183.17% | +11.54% | -51.03% | -0.00% | -46.72% | +24.84% | ||||||||||
Capital expenditure | -1.41B | -2.23B | -1.42B | -2.12B | -1.73B | -2.53B | -2.11B | -3.17B | -1.99B | -3.46B | -2.17B | -2.22B | -1.59B | -3.43B | -1.71B | -2.88B | -2.12B | -3.04B | -2.37B | -2.49B |
Acquisitions | -4.10B | 28.72M | -265.11M | 27.09M | -380.41M | 110.16M | 33.05M | 265.28M | -32.87M | -160.48M | -140.73M | 13.71B | -148.58M | 309.52M | -23.02M | 531.79M | -1.27B | 12.01B | 5.57B | -24.81B |
Purchases of investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -7.98M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Sales and maturities of investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -1.41M | 1.30B | 1.55B | 0.00 | 0.00 |
Other investing | 310.30M | 86.27M | 47.38M | 551.94M | -998.44K | 109.16M | 10.02M | 222.76M | 65.75M | -32.98M | 97.81M | -10.88B | 10.87B | 602.96M | -16.01M | 604.25M | -5.99M | -8.93B | 727.00M | -2.74B |
Investing cash flow | -5.20B | -2.12B | -1.63B | -1.54B | -2.14B | -2.32B | -2.07B | -2.69B | -1.96B | -3.65B | -2.21B | 343.93M | 9.10B | -2.55B | -1.76B | -1.85B | -2.17B | 1.59B | 3.93B | -30.04B |
Debt issued (repaid) | 246.24M | -2.52B | 69.55M | -4.94B | 1.12B | -3.06B | 155.25M | -3.75B | -3.44B | -505.07M | -7.98B | -18.59B | 10.23B | -9.41B | 1.41B | -6.18B | 1.48B | 5.29B | -5.18B | 31.34B |
Shares issued | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 5.57B | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| -1.30B | -378.77M | -1.92B | -98.49M | -836.69M | -362.53M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
Dividends paid | -2.60B | -1.36B | -3.17B | -528.15M | -2.14B | -1.09B | -1.93B | -1.18B | -1.27B | -978.45M | -1.38B | -589.94M | -1.22B | -2.62B | -2.39B | -2.63B | -5.12B | -4.82B | -4.64B | -4.23B |
Other financing | -465.46M | -1.27B | -548.36M | -934.78M | -1.04B | -1.95B | -359.59M | -326.17M | -284.90M | -274.10M | -255.50M | 276.35M | -746.91M | 579.66M | -1.02B | -161.12M | -261.36M | -11.31B | -687.50M | -1.75B |
Financing cash flow | -4.12B | -5.53B | -5.57B | -6.51B | -2.89B | -6.46B | -2.13B | -5.25B | -4.99B | -1.76B | -9.62B | -18.90B | 8.26B | -5.88B | -2.00B | -8.97B | -3.90B | -10.84B | -10.50B | 25.37B |
Net change in cash | -3.98B | 4.47B | -4.01B | 3.78B | -2.94B | 3.48B | -3.13B | 2.95B | -5.07B | 5.31B | -8.46B | -9.77B | 17.78B | -941.00M | 1.11B | -896.00M | -2.50B | 10.47B | 1.96B | 1.49B |
| 3.84B | 9.89B | 1.31B | 10.34B | 831.70M | 9.84B | -1.20B | 7.92B | -145.44M | 7.64B | 1.30B | 6.67B | -462.80M | 4.19B | 3.19B | 7.36B | 1.29B | 8.45B | 5.34B | 2.57B | |
Free cash flow growth | +192.94% | -4.36% | +57.56% | +5.02% | — | +24.25% | — | +3.68% | -111.18% | +14.63% | ||||||||||
Free cash flow margin | 12.02% | 32.30% | 4.37% | 34.59% | 2.78% | 32.76% | -4.11% | 26.62% | -0.52% | 26.84% | ||||||||||
Free cash flow per share | 1.94 | 5.00 | 0.66 | 5.16 | 0.41 | 4.88 | -0.60 | 3.94 | -0.07 | 3.81 | 0.65 | 3.36 | -0.23 | 2.14 | 1.61 | 3.72 | 0.66 | 4.28 | 2.71 | 1.30 |
Free cash flow per share growth | +195.36% | -3.14% | +61.43% | +5.70% | — | +24.01% | — | +3.37% | -111.15% | +13.37% | ||||||||||
Income taxes paid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Figures in USD. Free cash flow is operating cash flow less capital expenditure. Quarterly growth is on the same quarter a year before; TTM is the last four quarters.
Common questions about Anheuser-Busch INBEV SA's cash flow
Source: Financial Modeling Prep