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	Oct '25 Oct 31, 2025	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	810	869	1,024	783	838	903
Depreciation & Amortization	87	87	87	80	79	77
Loss (Gain) From Sale of Assets	-	-	-267	-	-	-127
Asset Writedown & Restructuring Costs	49	49	7	96	61	-
Loss (Gain) on Equity Investments	-81	-83	-	-	-	-
Stock-Based Compensation	27	28	25	18	15	12
Other Operating Activities	-104	-99	34	15	20	-76
Change in Accounts Receivable	-80	-70	88	-21	-77	-150
Change in Inventory	-42	-64	-349	-403	-93	-37
Change in Accounts Payable	93	-40	-31	77	37	137
Change in Income Taxes	-6	-13	17	-57	47	8
Change in Other Net Operating Assets	8	-66	12	52	9	70
Operating Cash Flow	761	598	647	640	936	817
Operating Cash Flow Growth	12.08%	-7.57%	1.09%	-31.62%	14.56%	12.85%
Capital Expenditures	-151	-167	-228	-183	-138	-62
Cash Acquisitions	-	-	-	-1,195	-	-14
Divestitures	-	-	246	-	-	177
Investment in Securities	350	350	-	-	-	-
Other Investing Activities	66	66	31	23	11	-3
Investing Cash Flow	247	249	49	-1,355	-127	98
Short-Term Debt Issued	-	-	192	834	-	390
Long-Term Debt Issued	-	-	-	648	-	-
Total Debt Issued	-83	-	192	1,482	-	390
Short-Term Debt Repaid	-	-117	-	-600	-196	-516
Long-Term Debt Repaid	-	-300	-	-250	-	-
Total Debt Repaid	-501	-417	-	-850	-196	-516
Net Debt Issued (Repaid)	-584	-417	192	632	-196	-126
Repurchase of Common Stock	-98	-	-400	-	-	-
Common Dividends Paid	-428	-420	-404	-378	-831	-338
Other Financing Activities	-3	-6	-6	-15	-11	-21
Financing Cash Flow	-1,113	-843	-618	239	-1,038	-485
Foreign Exchange Rate Adjustments	17	3	-6	-14	-47	45
Miscellaneous Cash Flow Adjustments	-28	-19	-10	-10	-6	-
Net Cash Flow	-116	-12	62	-500	-282	475
Free Cash Flow	610	431	419	457	798	755
Free Cash Flow Growth	33.19%	2.86%	-8.31%	-42.73%	5.70%	23.57%
Free Cash Flow Margin	15.68%	10.84%	10.03%	10.81%	20.29%	21.82%
Free Cash Flow Per Share	1.29	0.91	0.88	0.95	1.66	1.57
Cash Interest Paid	119	119	125	85	80	79
Cash Income Tax Paid	303	303	242	278	226	204
Levered Free Cash Flow	562.25	370.13	337.25	140	606.25	596.38
Unlevered Free Cash Flow	630.38	446.38	416.63	196.25	657.5	647
Change in Working Capital	-27	-253	-263	-352	-77	28

Source: S&P Global Market Intelligence. Standard template. Financial Sources.