← Anheuser-Busch InBev SA/NV

Annual Trend FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Cash flows from operating activities:
Net Income — — — — — — $6.0b $5.3b $5.9b $6.8b
Net Income From Continuing Operations — — — — — — $7.6b $6.9b $7.4b $8.5b
Depreciation — — — — — — $5.1b $5.4b $5.5b $5.7b
Depreciation Amortization Depletion — — — — — — $5.1b $5.4b $5.5b $5.7b
Depreciation, amortization and impairment $3.5b $4.3b $4.3b $4.7b $4.8b $5.1b $5.1b $5.4b $5.5b $5.7b
Adjustments For Deferred Tax Of Prior Periods ($227.0m) ($16.0m) ($46.0m) ($27.0m) ($48.0m) ($5.0m) — — — —
Deferred Income Tax — — — — — — $1.9b $2.2b $3.2b $2.9b
Deferred Tax — — — — — — $1.9b $2.2b $3.2b $2.9b
Adjustments For Share-Based Payments $231.0m $351.0m $337.0m $340.0m $169.0m $510.0m $448.0m $570.0m $644.0m $625.0m
Asset Impairment Charge — — — — — $135.0m $0 — — —
Equity-settled share-based payment expense $231.0m $351.0m $337.0m $340.0m $169.0m $510.0m $448.0m $570.0m $644.0m $625.0m
Adjustments For Income Tax Expense $1.6b $1.9b $2.8b $2.8b $1.9b $2.4b $1.9b $2.2b $3.2b $2.9b
Earnings (Loss)es From Equity Investments — — — — — — $844.0m $1.1b ($433.0m) ($387.0m)
Income tax expense $1.6b $1.9b $2.8b $2.8b $1.9b $2.4b $1.9b $2.2b $3.2b $2.9b
Additional Financial Items
Adjustments For Current Tax Of Prior Period ($47.0m) ($1.0m) ($101.0m) ($58.0m) ($119.0m) ($159.0m) ($157.0m) $95.0m $211.0m ($78.0m)
Adjustments For Finance Costs — — $8.7b $3.5b — — — — — —
Adjustments For Gain Loss On Disposal Of Investments In Subsidiaries Joint Ventures And Associates $410.0m $47.0m $20.0m $34.0m ($7.0m) $44.0m — — — —
Adjustments For Undistributed Profits Of Associates $16.0m $430.0m $153.0m $152.0m $156.0m $248.0m ($844.0m) $260.0m $433.0m $387.0m
Beginning Cash Position — — — — — — $12.0b $9.9b $10.3b $11.2b
Cash Flow From Continuing Financing Activities — — — — — — ($10.9b) ($8.6b) ($9.9b) ($11.4b)
Cash Flow From Continuing Investing Activities — — — — — — ($4.3b) ($4.4b) ($3.3b) ($3.4b)
Cash From Discontinued Financing Activities — — — — — $0 $0 — — —
Cash From Discontinued Investing Activities — — — — — $0 $0 — — —
Cash flow from/(used in) financing activities $50.7b ($21.0b) ($13.9b) ($8.5b) ($8.5b) ($11.6b) ($10.6b) ($8.6b) ($9.9b) ($11.4b)
Cash flow from/(used in) investing activities ($60.1b) $7.9b ($4.0b) ($5.1b) $6.3b ($5.9b) ($4.6b) ($4.4b) ($3.3b) ($3.4b)
Cash generated from operations $16.0b $21.3b $21.6b $20.3b $17.1b $20.9b $19.2b $19.1b $21.0b $20.8b
Change In Inventory — — — — — — ($1.5b) $717.0m ($149.0m) $87.0m
Change In Payable — — — — — — $1.2b ($1.1b) ($215.0m) ($298.0m)
Change In Payables And Accrued Expense — — — — — — $1.2b ($1.1b) ($215.0m) ($298.0m)
Change In Receivables — — — — — — ($48.0m) ($1.1b) $341.0m ($187.0m)
Change In Working Capital — — — — — — ($346.0m) ($1.5b) ($23.0m) ($398.0m)
Changes In Cash — — — — — — ($1.9b) $315.0m $1.9b ($3.0m)
Decrease/(increase) in inventories ($364.0m) ($213.0m) ($603.0m) ($426.0m) ($427.0m) ($1.2b) ($1.5b) $717.0m ($149.0m) $87.0m
Decrease/(increase) in trade and other receivables ($714.0m) $67.0m ($38.0m) ($258.0m) $516.0m $164.0m ($48.0m) ($1.1b) $341.0m ($187.0m)
Derivative financial instruments — — — — — $35.0m $61.0m ($841.0m) ($431.0m) ($206.0m)
End Cash Position — — — — — — $9.9b $10.3b $11.2b $11.6b
Financing Cash Flow — — — — — — ($10.9b) ($8.6b) ($9.9b) ($11.4b)
Free Cash Flow — — — — — — $8.1b $8.6b $11.2b $11.2b
Gain Loss On Investment Securities — — — — — $585.0m — $613.0m $312.0m $310.0m
Goodwill $135.9b $140.9b $133.3b $128.1b $121.0b $115.8b $113.0b $117.0b $110.5b $117.9b
Increase Decrease In Working Capital — — ($24.0m) $720.0m — — — — — —
Increase/(decrease) in trade and other payables $1.3b $365.0m $1.2b $679.0m $503.0m $3.5b $1.2b ($1.1b) ($215.0m) ($298.0m)
Interest Received CFO — — — — — — $611.0m $598.0m $594.0m $462.0m
Interest Received Classified As Operating Activities $558.0m $811.0m $428.0m $523.0m $255.0m $200.0m $611.0m $598.0m $594.0m $462.0m
Interest received $558.0m $811.0m $428.0m $523.0m $255.0m $200.0m $611.0m $598.0m $594.0m $462.0m
Investing Cash Flow — — — — — — ($4.3b) ($4.4b) ($3.3b) ($3.4b)
Net Business Purchase And Sale — — — — — — ($70.0m) $9.0m ($46.0m) $18.0m
Net Foreign Currency Exchange Gain Loss — — — — — $101.0m — $353.0m $147.0m $386.0m
Net PPE Purchase And Sale — — — — — — ($4.8b) ($4.5b) ($3.7b) ($3.6b)
Net finance (income)/expense $8.6b $6.5b $8.7b $3.5b $7.7b $5.6b $4.1b $5.1b $5.4b $4.5b
Operating Gains Losses — — — — — — $844.0m $2.1b $26.0m $309.0m
Other Non Cash Items — — — — — — $3.7b $3.5b $4.3b $3.3b
Other non-cash items ($286.0m) ($284.0m) ($660.0m) ($220.0m) ($381.0m) ($773.0m) ($102.0m) $1.1b ($269.0m) ($45.0m)
Payment of lease liabilities — ($373.0m) ($423.0m) ($441.0m) ($461.0m) ($531.0m) ($610.0m) ($780.0m) ($787.0m) ($733.0m)
Payments Of Lease Liabilities Classified As Financing Activities — — — $441.0m $461.0m $531.0m $610.0m $780.0m $787.0m $733.0m
Payments To Acquire Or Redeem Entitys Shares — — — — — — — $362.0m $937.0m $2.3b
Pension contributions and use of provisions ($470.0m) ($616.0m) ($488.0m) ($715.0m) ($616.0m) ($375.0m) ($351.0m) ($419.0m) ($374.0m) ($426.0m)
Proceeds from borrowings $86.3b $13.4b $17.8b $22.6b $14.8b $454.0m $91.0m $202.0m $5.5b $4.4b
Proceeds from sale/(acquisition) of other assets — — — $33.0m ($292.0m) $65.0m $288.0m $119.0m $523.0m $98.0m
Profit of the period $2.8b $9.2b $5.7b $10.0b $147.0m $6.1b $7.6b $6.9b $7.4b $8.5b
Purchase Of Business — — — — — ($451.0m) ($70.0m) — — —
Purchase Of PPE — $4.7b $5.1b $5.2b $3.8b $5.6b ($5.2b) ($4.6b) ($3.9b) ($3.7b)
Repayments of borrowings ($23.6b) ($23.3b) ($22.5b) ($30.6b) ($23.1b) ($9.0b) ($7.3b) ($3.1b) ($9.3b) ($6.9b)
Repurchase Of Capital Stock — — — — — — $0 ($362.0m) ($937.0m) ($2.3b)
Sale Of Business — — — — — $7.0m $0 $9.0m — —
Sale Of PPE — — — — — — $322.0m $156.0m $128.0m $104.0m
Sale/(acquisition) of non-controlling interests — — — $222.0m $3.0b $0 ($20.0m) ($22.0m) ($435.0m) ($323.0m)
Sale/(acquisition) of subsidiaries, net of cash — — — — ($510.0m) ($444.0m) ($70.0m) $9.0m ($46.0m) $18.0m
Share buyback — — — — — $0 $0 ($362.0m) ($937.0m) ($2.3b)
Share of result of associates ($16.0m) ($430.0m) ($153.0m) ($152.0m) ($156.0m) ($248.0m) $844.0m ($260.0m) ($433.0m) ($387.0m)
Stock Based Compensation — — — — — — $448.0m $570.0m $644.0m $625.0m
Unrealized Gain Loss On Investment Securities — — — — — $23.0m ($331.0m) $325.0m — —
Profit or Loss $2.8b $9.2b $5.7b $10.4b $2.2b $6.1b $7.6b $6.9b $7.4b $8.5b
Capital Expenditure — — — — — — ($5.2b) ($4.6b) ($3.9b) ($3.7b)
Proceeds From Sales Of Property Plant And Equipment Classified As Investing Activities $211.0m $617.0m $437.0m $320.0m $94.0m $142.0m $322.0m $156.0m $128.0m $104.0m
Net Other Investing Changes — — — — — — $571.0m $83.0m $522.0m $98.0m
Cash flows from financing activities:
Issuance Of Debt — — — — — — $91.0m $202.0m $5.5b $4.4b
Long Term Debt Issuance — — — — — — $91.0m $202.0m $5.5b $4.4b
Net Issuance Payments Of Debt — — — — — — ($7.8b) ($3.7b) ($4.6b) ($3.2b)
Net Long Term Debt Issuance — — — — — — ($7.8b) ($3.7b) ($4.6b) ($3.2b)
Long Term Debt Payments — — — — — — ($7.9b) ($3.9b) ($10.1b) ($7.6b)
Repayment Of Debt — — — — — — ($7.9b) ($3.9b) ($10.1b) ($7.6b)
Net Common Stock Issuance — — — — — — $0 ($362.0m) ($937.0m) ($2.3b)
Common Stock Payments — — — — — — $0 ($362.0m) ($937.0m) ($2.3b)
Cash Dividends Paid — — — — — — ($2.4b) ($3.0b) ($2.7b) ($4.5b)
Common Stock Dividend Paid — — — — — ($2.4b) ($2.4b) ($3.0b) ($2.7b) —
Dividend Received CFO — — — — — — $158.0m $127.0m $234.0m $195.0m
Dividends Paid Classified As Financing Activities $8.4b $9.3b $7.8b $5.0b $1.8b $2.4b $2.4b $3.0b $2.7b $4.5b
Dividends paid $8.5b $9.2b $7.4b $5.2b $1.9b $2.3b $2.6b $3.0b $3.2b $4.3b
Dividends received $43 $142 $141 $160 $51 $106 $158 $127 $234 $195
Payments of Dividends $8.5b $9.2b $7.4b $5.2b $1.9b $2.3b $2.6b $3.0b $3.2b $4.3b
Net Other Financing Charges — — — — — — ($678.0m) ($1.5b) ($1.6b) ($1.4b)
Other financing cash flows — — — — — ($227.0m) ($435.0m) ($682.0m) ($763.0m) ($883.0m)
Effect Of Exchange Rate Changes — — — — — — ($211.0m) $109.0m ($1.1b) $452.0m
Effect of exchange rate fluctuations $721.0m ($319.0m) ($148.0m) ($141.0m) ($674.0m) ($526.0m) ($211.0m) $109.0m ($1.1b) $452.0m
Net increase/(decrease) in cash and cash equivalents $764.0m $2.3b ($3.2b) ($189.0m) $8.8b ($2.7b) ($1.9b) $315.0m $1.9b ($3.0m)
Cash and cash equivalents less bank overdrafts at beginning of year $8.4b $10.4b $7.0b $7.2b $15.2b $12.0b $9.9b $10.3b $11.2b $11.6b
Change In Cash Supplemental As Reported — — — — — — ($1.9b) $315.0m $1.9b ($3.0m)
Interest Paid Classified As Financing Activities $3.5b $1.5b ($4.4b) ($4.5b) ($4.3b) ($4.0b) ($4.1b) ($3.9b) ($3.6b) ($3.3b)
Interest Paid Classified As Operating Activities $3.3b $4.7b $4.4b $4.5b $4.3b $4.0b $4.1b $3.9b $3.6b $3.3b
Income tax paid ($3.3b) ($2.1b) ($3.0b) ($3.1b) ($2.3b) ($2.4b) ($2.6b) ($2.7b) ($3.1b) ($3.2b)
Taxes Refund Paid — — — — — — ($2.6b) ($2.7b) ($3.1b) ($3.2b)

Data sourced from SEC EDGAR 10-K filings via EdgarTools. Amounts are shown in USD as reported in each fiscal year filing.

Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.