Ambev Income Statement

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

Millions BRL. Fiscal year is Jan - Dec.

Year	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013 - 2011
Revenue	79,737	79,709	72,854	58,379	52,005	50,231	47,899	45,603	46,720	38,080	Upgrade
Revenue Growth (YoY)	0.04%	9.41%	24.80%	12.26%	3.53%	4.87%	5.04%	-2.39%	22.69%	8.55%	Upgrade
Cost of Revenue	39,292	40,422	35,660	27,066	21,678	19,249	18,028	16,678	16,061	12,815	Upgrade
Gross Profit	40,445	39,287	37,195	31,313	30,327	30,982	29,871	28,925	30,659	25,265	Upgrade
Selling, General & Admin	23,437	23,970	21,846	17,568	15,328	14,692	14,427	14,177	13,459	10,979	Upgrade
Other Operating Expenses	-2,028.9	-2,513.9	-2,124.1	-2,679.4	-1,472.7	-860.9	-1,108.6	-1,223.1	-1,936.1	-1,629.2	Upgrade
Operating Expenses	21,408	21,456	19,722	14,889	13,855	13,831	13,319	12,954	11,523	9,350	Upgrade
Operating Income	19,037	17,831	17,473	16,424	16,472	17,151	16,552	15,971	19,136	15,916	Upgrade
Interest Expense / Income	6,280	7,892	5,428	5,431	4,748	4,684	4,415	3,702	2,268	1,475	Upgrade
Other Expense / Income	-1,820.1	-3,863.4	-1,262.3	-2,148.2	-811	-302.2	-179.1	-592.5	809.5	368.1	Upgrade
Pretax Income	14,577	13,802	13,308	13,142	12,535	12,769	12,317	12,862	16,058	14,072	Upgrade
Income Tax	75.5	-655.6	636.6	1,763	754.7	1,774	5,048	315	3,634	2,007	Upgrade
Net Income	14,502	14,458	12,671	11,379	11,780	10,995	7,269	12,547	12,424	12,066	Upgrade
Net Income Growth	0.30%	14.10%	11.35%	-3.40%	7.14%	51.26%	-42.06%	0.99%	2.97%	26.24%	Upgrade
Shares Outstanding (Basic)	15,750	15,739	15,735	15,730	15,721	15,710	15,701	15,685	15,716	15,663	Upgrade
Shares Change	0.07%	0.02%	0.03%	0.06%	0.07%	0.06%	0.10%	-0.20%	0.34%	-	Upgrade
EPS (Basic)	0.92	0.92	0.81	0.72	0.75	0.70	0.46	0.80	0.79	0.77	Upgrade
EPS (Diluted)	0.92	0.91	0.80	0.72	0.74	0.69	0.46	0.79	0.79	0.76	Upgrade
EPS Growth	0.44%	14.14%	11.44%	-3.37%	7.07%	50.98%	-42.12%	0.38%	3.95%	1.33%	Upgrade
Free Cash Flow	18,861	14,243	15,526	14,271	13,503	14,878	15,159	8,345	18,419	11,555	Upgrade
Free Cash Flow Per Share	1.20	0.91	0.99	0.91	0.86	0.95	0.96	0.53	1.17	0.74	Upgrade
Dividend Per Share	0.147	0.146	0.123	0.082	0.117	0.217	0.166	0.188	0.183	0.322	Upgrade
Dividend Growth	0.68%	18.70%	50.00%	-29.91%	-46.08%	30.72%	-11.70%	2.73%	-43.17%	149.61%	Upgrade
Gross Margin	50.72%	49.29%	51.05%	53.64%	58.32%	61.68%	62.36%	63.43%	65.62%	66.35%	Upgrade
Operating Margin	23.88%	22.37%	23.98%	28.13%	31.67%	34.14%	34.56%	35.02%	40.96%	41.80%	Upgrade
Profit Margin	18.19%	18.14%	17.39%	19.49%	22.65%	21.89%	15.18%	27.51%	26.59%	31.68%	Upgrade
Free Cash Flow Margin	23.65%	17.87%	21.31%	24.45%	25.96%	29.62%	31.65%	18.30%	39.42%	30.34%	Upgrade
Effective Tax Rate	0.52%	-4.75%	4.78%	13.41%	6.02%	13.89%	40.98%	2.45%	22.63%	14.26%	Upgrade
EBITDA	27,275	27,651	24,132	23,740	21,958	21,902	20,768	20,076	21,401	17,940	Upgrade
EBITDA Margin	34.21%	34.69%	33.12%	40.66%	42.22%	43.60%	43.36%	44.02%	45.81%	47.11%	Upgrade
Depreciation & Amortization	6,418	5,956	5,397	5,167	4,675	4,448	4,037	3,512	3,075	2,393	Upgrade
EBIT	20,858	21,695	18,735	18,572	17,283	17,453	16,731	16,564	18,326	15,548	Upgrade
EBIT Margin	26.16%	27.22%	25.72%	31.81%	33.23%	34.75%	34.93%	36.32%	39.23%	40.83%	Upgrade

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