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Ambev S.A. (BVMF:ABEV3)
Brazil flag Brazil · Delayed Price · Currency is BRL
14.75
-0.17 (-1.14%)
Aug 14, 2026, 5:05 PM GMT-3

Ambev Cash Flow Statement

Millions BRL. Fiscal year is Jan - Dec.

Operating Activities

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Jun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Net Income
16,24715,50314,43714,50214,45812,671
Depreciation & Amortization
5,5956,0016,3675,8445,5555,097
Other Amortization
831.16831.16759.08573.47401.11299.73
Loss (Gain) From Sale of Assets
-1,034-947.16-121.29-86.36-88.76-142.81
Asset Writedown & Restructuring Costs
124.91-----
Loss (Gain) From Sale of Investments
-----95.47-334.3
Loss (Gain) on Equity Investments
-119.19-105.79-3.92185.4129.11115.7
Stock-Based Compensation
438.68454.23400.91331.62313.87387.61
Provision & Write-off of Bad Debts
220.39257.86379.11358.4351.81200.77
Other Operating Activities
5,3034,0724,0453,2992,4011,607
Change in Accounts Receivable
-572.16-312.89220.44-1,374-322.51341.43
Change in Inventory
61.21-30.9-1,7031,301-3,088-3,499
Change in Accounts Payable
972.39-1,2721,317-223.1726.626,157
Operating Cash Flow
28,06924,45026,09924,71120,64222,901
Operating Cash Flow Growth
6.82%-6.32%5.62%19.71%-9.86%21.45%

Investing Activities

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Jun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Capital Expenditures
-4,021-4,590-4,749-6,004-6,533-7,677
Sale of Property, Plant & Equipment
178.68167.28170.6154.14133.94301.74
Cash Acquisitions
-2,004-91.6410.27-46.53-2.96-133.79
Divestitures
-----0.54
Investment in Securities
-631.02-441.48-888.65130.11,383-241.27
Other Investing Activities
4.056.15-6.60.41515.01
Investing Cash Flow
-6,473-4,950-5,463-5,766-5,004-7,735

Financing Activities

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Jun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Long-Term Debt Issued
-51.07489.1249.78274.86315.23
Long-Term Debt Repaid
--1,330-1,935-1,408-1,085-3,117
Net Debt Issued (Repaid)
-1,277-1,279-1,446-1,358-810.1-2,802
Issuance of Common Stock
--17.4914.5423.769.09
Repurchase of Common Stock
-2,798-1,926-467.62-118.99-54.08-44.17
Common Dividends Paid
-12,956-20,464-4,056-11,922-12,242-11,115
Other Financing Activities
-2,628-3,104-4,399-2,731-3,255-2,090
Financing Cash Flow
-19,658-26,772-10,352-16,115-16,338-16,042

Net Cash Flow

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Jun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Foreign Exchange Rate Adjustments
-1,731-2,6862,253-1,623-1,045382.6
Net Cash Flow
206.75-9,95712,5371,207-1,745-493.15

Free Cash Flow

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Jun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Free Cash Flow
24,04819,86021,35018,70714,10915,224
Free Cash Flow Growth
11.05%-6.98%14.13%32.59%-7.32%7.49%
Free Cash Flow Margin
27.24%22.51%23.87%23.46%17.70%20.90%
Free Cash Flow Per Share
1.531.271.351.180.890.96
Levered Free Cash Flow
19,85912,53419,34413,4328,44711,736
Unlevered Free Cash Flow
21,19313,82920,63514,9529,90312,631

Additional Metrics

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Jun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Cash Interest Paid
863.52886.88742.06666.12826.34498.24
Cash Income Tax Paid
3,6284,1883,6181,6279191,305
Change in Working Capital
461.44-1,616-164.93-296.22-2,6842,999