Ambev S.A. (ABEV)

Ambev Income Statement

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

Year	2023	2022	2021	2020	2019
Revenue	79,737	79,709	72,854	58,379	52,005
Revenue Growth (YoY)	0.04%	9.41%	24.80%	12.26%	3.53%
Cost of Revenue	39,292	40,422	35,660	27,066	21,678
Gross Profit	40,445	39,287	37,195	31,313	30,327
Selling, General & Admin	23,437	23,970	21,846	17,568	15,328
Other Operating Expenses	-2,028.9	-2,513.9	-2,124.1	-2,679.4	-1,472.7
Operating Expenses	21,408	21,456	19,722	14,889	13,855
Operating Income	19,037	17,831	17,473	16,424	16,472
Interest Expense / Income	6,280	7,892	5,428	5,431	4,748
Other Expense / Income	-1,820.1	-3,863.4	-1,262.3	-2,148.2	-811
Pretax Income	14,577	13,802	13,308	13,142	12,535
Income Tax	75.5	-655.6	636.6	1,763	754.7
Net Income	14,502	14,458	12,671	11,379	11,780
Net Income Growth	0.30%	14.10%	11.35%	-3.40%	7.14%
Shares Outstanding (Basic)	15,750	15,739	15,735	15,730	15,721
Shares Change	0.07%	0.02%	0.03%	0.06%	0.07%
EPS (Basic)	0.92	0.92	0.81	0.72	0.75
EPS (Diluted)	0.92	0.91	0.80	0.72	0.74
EPS Growth	0.44%	14.14%	11.44%	-3.37%	7.07%
Free Cash Flow	18,861	14,243	15,526	14,271	13,503
Free Cash Flow Per Share	1.20	0.91	0.99	0.91	0.86
Dividend Per Share	0.147	0.146	0.123	0.082	0.117
Dividend Growth	0.68%	18.70%	50.00%	-29.91%	-46.08%
Gross Margin	50.72%	49.29%	51.05%	53.64%	58.32%
Operating Margin	23.88%	22.37%	23.98%	28.13%	31.67%
Profit Margin	18.19%	18.14%	17.39%	19.49%	22.65%
Free Cash Flow Margin	23.65%	17.87%	21.31%	24.45%	25.96%
Effective Tax Rate	0.52%	-4.75%	4.78%	13.41%	6.02%
EBITDA	27,275	27,651	24,132	23,740	21,958
EBITDA Margin	34.21%	34.69%	33.12%	40.66%	42.22%
Depreciation & Amortization	6,418	5,956	5,397	5,167	4,675
EBIT	20,858	21,695	18,735	18,572	17,283
EBIT Margin	26.16%	27.22%	25.72%	31.81%	33.23%

Source: Financials are provided by Nasdaq Data Link and sourced from audited reports submitted to the Securities and Exchange Commission (SEC).