Heineken Holding N.V. (AMS:HEIO)
Netherlands · Delayed Price · Currency is EUR 72.30
-0.10 (-0.14%)
Aug 11, 2026, 9:05 AM CET
Heineken Holding Cash Flow Statement
Financials in millions EUR. Fiscal year is January - December.
Millions EUR. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Net Income | 2,544 | 2,138 | 1,161 | 2,401 | 3,039 | 3,535 |
Depreciation & Amortization | 2,407 | 2,609 | 2,605 | 3,096 | 1,886 | 1,959 |
Other Adjustments | -213 | -160 | 892 | -889 | -242 | -1,286 |
Change in Receivables | 331 | 54 | 347 | -42 | -668 | -697 |
Changes in Inventories | 193 | 2 | -39 | -4 | -793 | -308 |
Changes in Accounts Payable | 427 | 271 | 543 | -100 | 981 | 1,268 |
Changes in Other Operating Activities | 119 | 98 | -6 | -32 | -207 | -290 |
Operating Cash Flow | 5,808 | 5,012 | 5,503 | 4,430 | 4,496 | 4,181 |
Operating Cash Flow Growth | 15.88% | -8.92% | 24.22% | -1.47% | 7.53% | 33.32% |
Investing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Capital Expenditures | -1,840 | -2,133 | -2,184 | -2,434 | -1,791 | -1,324 |
Sale of Property, Plant & Equipment | 160 | 166 | 152 | 154 | 112 | 86 |
Purchases of Intangible Assets | -222 | -269 | -281 | -243 | -220 | -273 |
Purchases of Investments | -713 | -248 | -265 | -653 | -264 | -874 |
Proceeds from Sale of Investments | 54 | 39 | 133 | 149 | 39 | 51 |
Cash Acquisitions | - | -17 | -4 | -806 | -171 | 54 |
Proceeds from Business Divestments | 72 | 7 | 14 | 257 | 9 | 3 |
Investing Cash Flow | -4,728 | -2,455 | -2,435 | -3,576 | -2,286 | -2,277 |
Financing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Long-Term Debt Issued | 6,851 | 6,582 | 3,076 | 6,751 | 644 | 1,571 |
Long-Term Debt Repaid | -4,562 | -4,051 | -4,091 | -4,614 | -1,934 | -3,362 |
Net Long-Term Debt Issued (Repaid) | 2,289 | 2,531 | -1,015 | 2,137 | -1,290 | -1,791 |
Repurchase of Common Stock | -855 | -658 | -5 | -942 | -43 | 12 |
Net Common Stock Issued (Repurchased) | -855 | -658 | -5 | -942 | -43 | 12 |
Common Dividends Paid | -1,306 | -1,276 | -1,199 | -1,335 | -1,099 | -796 |
Other Financing Activities | -490 | -401 | -355 | -676 | -695 | -308 |
Financing Cash Flow | -362 | 196 | -2,574 | -816 | -3,127 | -2,883 |
Net Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Foreign Exchange Rate Adjustments | 28 | -151 | -166 | -231 | -21 | 16 |
Net Cash Flow | 718 | 2,753 | 494 | 38 | -917 | -979 |
Free Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Free Cash Flow | 3,968 | 2,879 | 3,319 | 1,996 | 2,705 | 2,857 |
Free Cash Flow Growth | 37.83% | -13.26% | 66.28% | -26.21% | -5.32% | 74.74% |
FCF Margin | 13.18% | 9.94% | 11.10% | 6.49% | 9.37% | 12.18% |
Free Cash Flow Per Share | 14.29 | 10.24 | 11.73 | 7.03 | 9.39 | 9.92 |
Levered Free Cash Flow | 4,735 | 4,330 | 402 | 3,837 | 129 | 1,177 |
Unlevered Free Cash Flow | 4,298 | 3,278 | 2,953 | 3,600 | 3,197 | 4,962 |