Anheuser-Busch InBev Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	-	11,174	10,332	9,973	12,097	15,252
Short-Term Investments	-	221	67	97	374	396
Cash & Short-Term Investments	7,372	11,395	10,399	10,070	12,471	15,648
Cash Growth	-3.56%	9.58%	3.27%	-19.25%	-20.30%	113.48%
Accounts Receivable	-	3,852	4,417	3,707	3,564	3,401
Other Receivables	-	1,652	1,955	2,026	1,513	1,733
Receivables	-	5,504	6,372	5,733	5,077	5,134
Inventory	-	5,020	5,583	6,612	5,399	4,482
Prepaid Expenses	-	493	474	410	350	354
Other Current Assets	-	587	539	361	652	901
Total Current Assets	-	22,999	23,367	23,186	23,949	26,519
Property, Plant & Equipment	-	23,503	26,818	26,671	26,678	26,419
Long-Term Investments	-	4,780	5,050	4,831	6,035	6,280
Goodwill	-	110,479	117,043	113,010	115,796	120,971
Other Intangible Assets	-	40,034	41,286	40,209	40,430	41,527
Long-Term Accounts Receivable	-	220	282	308	336	382
Long-Term Deferred Tax Assets	-	2,493	2,935	2,300	1,969	2,019
Other Long-Term Assets	-	2,129	2,559	2,428	2,434	2,293
Total Assets	-	206,637	219,340	212,943	217,627	226,410
Accounts Payable	-	16,010	17,729	18,589	17,810	15,898
Accrued Expenses	-	6,536	7,036	6,728	6,724	6,064
Short-Term Debt	-	-	17	83	53	1,527
Current Portion of Long-Term Debt	-	977	3,308	692	1,059	1,426
Current Portion of Leases	-	556	703	529	447	397
Current Income Taxes Payable	-	1,805	1,583	1,438	1,334	1,036
Current Unearned Revenue	-	-	-	-	-	27
Other Current Liabilities	-	7,182	6,780	6,324	6,757	5,977
Total Current Liabilities	-	33,066	37,156	34,383	34,184	32,352
Long-Term Debt	-	69,037	72,187	76,917	85,539	93,641
Long-Term Leases	-	1,748	2,126	1,963	1,830	1,837
Pension & Post-Retirement Benefits	-	1,296	1,673	1,534	2,261	2,970
Long-Term Deferred Tax Liabilities	-	11,321	11,874	11,818	12,204	12,627
Other Long-Term Liabilities	-	1,469	1,648	2,050	2,269	4,632
Total Liabilities	-	117,937	126,664	128,665	138,287	148,059
Common Stock	-	1,736	1,736	1,736	1,736	1,736
Additional Paid-In Capital	-	17,620	17,620	17,620	17,620	17,620
Retained Earnings	-	46,577	42,215	38,823	33,882	30,870
Treasury Stock	-	-3,886	-3,465	-3,706	-3,994	-4,911
Comprehensive Income & Other	-	16,190	23,742	18,925	19,425	22,709
Total Common Equity	80,671	78,237	81,848	73,398	68,669	68,024
Minority Interest	-	10,463	10,828	10,880	10,671	10,327
Shareholders' Equity	91,414	88,700	92,676	84,278	79,340	78,351
Total Liabilities & Equity	-	206,637	219,340	212,943	217,627	226,410
Total Debt	75,837	72,318	78,341	80,184	88,928	98,828
Net Cash (Debt)	-68,465	-60,923	-67,942	-70,114	-76,457	-83,180
Net Cash Per Share	-33.72	-29.81	-33.08	-34.20	-37.39	-41.63
Filing Date Shares Outstanding	1,986	1,975	1,984	1,984	1,981	1,972
Total Common Shares Outstanding	1,986	1,975	1,984	1,984	1,981	1,972
Working Capital	-	-10,067	-13,789	-11,197	-10,235	-5,833
Book Value Per Share	41.31	39.61	41.26	37.00	34.66	34.49
Tangible Book Value	-75,207	-72,276	-76,481	-79,821	-87,557	-94,474
Tangible Book Value Per Share	-38.52	-36.59	-38.55	-40.24	-44.20	-47.90
Land	-	12,325	13,071	12,591	12,374	12,237
Machinery	-	38,055	39,782	37,473	35,907	34,976
Construction In Progress	-	1,166	1,669	2,205	2,462	1,780

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.