Ambev S.A. (ABEV)

Ambev Cash Flow Statement

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

Year Ending	TTM	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net Income	14,502	14,502	14,458	12,671	11,379	11,780
Depreciation & Amortization	6,418	6,418	5,956	5,397	5,167	4,675
Share-Based Compensation	331.6	331.6	313.9	387.6	208.7	205.7
Other Operating Activities	3,460	3,460	-86	4,446	2,100	1,720
Operating Cash Flow	24,711	24,711	20,642	22,901	18,856	18,381
Operating Cash Flow Growth	19.71%	19.71%	-9.86%	21.45%	2.58%	0.19%
Capital Expenditures	-5,850	-5,850	-6,399.2	-7,375.4	-4,584.7	-4,878.6
Acquisitions	-46.5	-46.5	-3	-133.3	-431.5	107.3
Change in Investments	130.1	130.1	1,383	-241.3	-1,783.4	-70.2
Other Investing Activities	0.4	0.4	15	15	-	2.9
Investing Cash Flow	-5,766	-5,766	-5,004.2	-7,735	-6,799.6	-4,838.6
Dividends Paid	-11,921.9	-11,921.9	-12,242.3	-11,115.3	-6,850.3	-7,871.3
Share Issuance / Repurchase	-104.5	-104.5	-30.3	-35.1	-7.4	-19.3
Debt Issued / Paid	-1,357.7	-1,357.7	-810	-2,802	1,227	-1,943.8
Other Financing Activities	-2,731.1	-2,731.1	-3,255.2	-2,089.6	-2,970.8	-2,449.1
Financing Cash Flow	-16,115.2	-16,115.2	-16,337.8	-16,042	-8,602	-12,283.5
Exchange Rate Effect	-1,623.3	-1,623.3	-1,045.2	382.6	1,735	-822
Net Cash Flow	2,830	2,830	-699.9	-875.7	3,454	1,259
Free Cash Flow	18,861	18,861	14,243	15,526	14,271	13,503
Free Cash Flow Growth	32.43%	32.43%	-8.26%	8.79%	5.69%	-9.24%
Free Cash Flow Margin	23.65%	23.65%	17.87%	21.31%	24.45%	25.96%
Free Cash Flow Per Share	1.20	1.20	0.91	0.99	0.91	0.86

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