Ambev S.A. (ABEV)
NYSE: ABEV · Real-Time Price · USD
3.120
+0.020 (0.65%)
Jul 30, 2026, 4:00 PM EDT - Market closed
Ambev Cash Flow Statement
Financials in millions BRL. Fiscal year is January - December.
Millions BRL. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Net Income | 16,753 | 15,988 | 14,847 | 14,960 | 14,891 | 13,123 |
Depreciation & Amortization | 6,551 | 6,832 | 7,126 | 6,418 | 5,956 | 5,397 |
Stock-Based Compensation | 438.65 | 454.2 | 400.9 | 331.6 | 313.9 | 387.6 |
Other Adjustments | 6,713 | 6,472 | 6,593 | 4,330 | 2,808 | 2,408 |
Change in Receivables | -572.11 | -312.9 | 220.4 | -1,374 | -322.5 | 341.4 |
Changes in Inventories | 61.24 | -30.9 | -1,703 | 1,301 | -3,088 | -3,500 |
Changes in Accounts Payable | 972.41 | -1,272 | 1,317 | -223.1 | 726.6 | 6,158 |
Changes in Income Taxes Payable | -3,653 | -4,188 | -3,618 | -1,627 | -919 | -1,305 |
Changes in Other Operating Activities | 779.04 | 507.4 | 914.1 | 595.1 | 275.3 | -108 |
Operating Cash Flow | 28,043 | 24,450 | 26,099 | 24,711 | 20,642 | 22,901 |
Operating Cash Flow Growth | 6.72% | -6.32% | 5.61% | 19.71% | -9.87% | 21.45% |
Investing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Capital Expenditures | -4,021 | -4,591 | -4,749 | -6,004 | -6,533 | -7,677 |
Sale of Property, Plant & Equipment | 178.72 | 167.3 | 170.6 | 154.1 | 133.9 | 301.7 |
Purchases of Investments | -631 | -441.5 | -888.6 | 136.4 | 1,413 | -241.3 |
Proceeds from Sale of Investments | 4.01 | 6.2 | -6.6 | 0.4 | 15 | 15 |
Cash Acquisitions | 64.96 | - | - | -6.3 | -30 | -133.8 |
Proceeds from Business Divestments | -2,069 | -91.6 | 10.3 | -46.5 | -3 | 0.5 |
Investing Cash Flow | -6,473 | -4,950 | -5,463 | -5,766 | -5,004 | -7,735 |
Financing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Long-Term Debt Issued | 26.11 | 51.1 | 489.1 | 49.8 | 274.9 | 315.2 |
Long-Term Debt Repaid | -189.35 | -177.5 | -604.7 | -227.4 | -230.2 | -2,454 |
Net Long-Term Debt Issued (Repaid) | -163.25 | -126.4 | -115.6 | -177.6 | 44.7 | -2,139 |
Issuance of Common Stock | - | - | - | - | 23.8 | 9.1 |
Repurchase of Common Stock | -2,682 | -1,861 | -467.6 | -119 | -54.1 | -44.2 |
Net Common Stock Issued (Repurchased) | -2,682 | -1,861 | -467.6 | -119 | -30.3 | -35.1 |
Common Dividends Paid | -12,956 | -20,464 | -4,056 | -11,922 | -12,242 | -11,115 |
Other Financing Activities | -3,832 | -4,321 | -5,712 | -3,897 | -4,110 | -2,753 |
Financing Cash Flow | -19,633 | -26,772 | -10,352 | -16,115 | -16,338 | -16,042 |
Net Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Foreign Exchange Rate Adjustments | -1,731 | -2,686 | 2,253 | -1,623 | -1,045 | 382.6 |
Net Cash Flow | 1,938 | -7,271 | 10,283 | 2,830 | -699.9 | -875.7 |
Free Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Free Cash Flow | 24,022 | 19,860 | 21,350 | 18,707 | 14,109 | 15,224 |
Free Cash Flow Growth | 10.93% | -6.98% | 14.12% | 32.59% | -7.32% | 7.49% |
FCF Margin | 27.22% | 22.51% | 23.87% | 23.46% | 17.70% | 20.90% |
Free Cash Flow Per Share | 2.05 | 1.27 | 1.35 | 1.18 | 0.89 | 0.96 |
Levered Free Cash Flow | 12,427 | 12,635 | 13,610 | 14,784 | 10,921 | 9,497 |
Unlevered Free Cash Flow | 22,035 | 20,576 | 21,090 | 19,291 | 14,106 | 15,255 |