Brown-Forman Cash Flow Statement

Financials in millions USD. Fiscal year is May - April.

Millions USD. Fiscal year is May - Apr.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jan '26 Jan 31, 2026	Apr '25 Apr 30, 2025	Apr '24 Apr 30, 2024	Apr '23 Apr 30, 2023	Apr '22 Apr 30, 2022	Apr '21 Apr 30, 2021
Net Income	807	869	1,024	783	838	903
Depreciation & Amortization	89	87	87	80	79	77
Stock-Based Compensation	30	28	25	18	15	12
Other Adjustments	-91	-133	-226	111	81	-203
Change in Receivables	-90	-70	88	-21	-77	-150
Changes in Inventories	-27	-64	-349	-403	-93	-37
Changes in Accounts Payable	101	-40	-31	77	37	137
Changes in Income Taxes Payable	12	-13	17	-57	47	8
Changes in Other Operating Activities	-19	-66	12	52	9	70
Operating Cash Flow	861	598	647	640	936	817
Operating Cash Flow Growth	17.78%	-7.57%	1.09%	-31.62%	14.56%	12.85%
Capital Expenditures	-131	-167	-228	-183	-138	-62
Sale of Property, Plant & Equipment	49.5	-	-	-	-	-
Payments for Business Acquisitions	-	-	-	-1,195	-	-14
Proceeds from Business Divestments	-	-	246	-	-	177
Other Investing Activities	-	416	31	23	11	-3
Investing Cash Flow	-83	249	49	-1,355	-127	98
Short-Term Debt Issued	97	-117	192	834	-196	390
Short-Term Debt Repaid	-	-	-	-600	-	-516
Net Short-Term Debt Issued (Repaid)	97	-117	192	234	-196	-126
Long-Term Debt Issued	-	-	-	648	-	-
Long-Term Debt Repaid	-	-300	-	-250	-	-
Net Long-Term Debt Issued (Repaid)	-	-300	-	398	-	-
Repurchase of Common Stock	-350.5	-	-400	-	-	-
Net Common Stock Issued (Repurchased)	-350.5	-	-400	-	-	-
Common Dividends Paid	-737	-420	-404	-378	-831	-338
Other Financing Activities	-5	-6	-6	-15	-11	-21
Financing Cash Flow	-1,034	-843	-618	239	-1,038	-485
Effect of Exchange Rate Changes on Cash and Cash Equivalents	38	3	-6	-14	-47	45
Net Cash Flow	-218	7	72	-490	-276	475
Free Cash Flow	730	431	419	457	798	755
Free Cash Flow Growth	69.37%	2.86%	-8.31%	-42.73%	5.70%	23.57%
FCF Margin	18.67%	10.84%	10.03%	10.81%	20.29%	21.81%
Free Cash Flow Per Share	1.55	0.91	0.88	0.95	1.66	1.57
Levered Free Cash Flow	929	189	724	981	583	970
Unlevered Free Cash Flow	923.47	626.9	623.51	433.69	846.7	1,167

Updated Jan 31, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.