Ambev S.A. (ABEV)
NYSE: ABEV · Real-Time Price · USD
2.760
+0.030 (1.10%)
At close: Nov 13, 2026, 4:00 PM EST
2.759
-0.001 (-0.03%)
After-hours: Nov 13, 2026, 7:43 PM EST
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 | Sep '26 Sep 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 | 15,747 | 15,503 | 14,437 | 14,502 | 14,458 | 12,671 |
Depreciation & Amortization | 5,707 | 6,001 | 6,367 | 5,844 | 5,555 | 5,097 |
Other Amortization | 831.16 | 831.16 | 759.08 | 573.47 | 401.11 | 299.73 |
Loss (Gain) From Sale of Assets | -168.22 | -947.16 | -121.29 | -86.36 | -88.76 | -142.81 |
Asset Writedown & Restructuring Costs | 103.6 | - | - | - | - | - |
Loss (Gain) From Sale of Investments | - | - | - | - | -95.47 | -334.3 |
Loss (Gain) on Equity Investments | -147.35 | -105.79 | -3.92 | 185.41 | 29.11 | 115.7 |
Stock-Based Compensation | 452.9 | 454.23 | 400.91 | 331.62 | 313.87 | 387.61 |
Provision & Write-off of Bad Debts | 222.28 | 257.86 | 379.11 | 358.4 | 351.81 | 200.77 |
Other Operating Activities | 5,222 | 4,072 | 4,045 | 3,299 | 2,401 | 1,607 |
Change in Accounts Receivable | -685.66 | -312.89 | 220.44 | -1,374 | -322.51 | 341.43 |
Change in Inventory | -195.92 | -30.9 | -1,703 | 1,301 | -3,088 | -3,499 |
Change in Accounts Payable | 1,713 | -1,272 | 1,317 | -223.1 | 726.62 | 6,157 |
Operating Cash Flow | 28,802 | 24,450 | 26,099 | 24,711 | 20,642 | 22,901 |
Operating Cash Flow Growth | 14.69% | -6.32% | 5.62% | 19.71% | -9.86% | 21.45% |
Investing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 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 | -4,110 | -4,590 | -4,749 | -6,004 | -6,533 | -7,677 |
Sale of Property, Plant & Equipment | 178.85 | 167.28 | 170.6 | 154.14 | 133.94 | 301.74 |
Cash Acquisitions | -1,987 | -91.64 | 10.27 | -46.53 | -2.96 | -133.79 |
Divestitures | -201.61 | - | - | - | - | 0.54 |
Investment in Securities | -1,266 | -441.48 | -888.65 | 130.1 | 1,383 | -241.27 |
Other Investing Activities | -1.65 | 6.15 | -6.6 | 0.4 | 15 | 15.01 |
Investing Cash Flow | -7,386 | -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 | Sep '26 Sep 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 | - | 51.07 | 489.12 | 49.78 | 274.86 | 315.23 |
Long-Term Debt Repaid | - | -1,330 | -1,935 | -1,408 | -1,085 | -3,117 |
Lease Payments | -1,133 | -1,152 | -1,331 | -1,180 | -854.74 | -663.21 |
Net Debt Issued (Repaid) | -1,231 | -1,279 | -1,446 | -1,358 | -810.1 | -2,802 |
Issuance of Common Stock | 35.6 | - | 17.49 | 14.54 | 23.76 | 9.09 |
Repurchase of Common Stock | -3,424 | -1,926 | -467.62 | -118.99 | -54.08 | -44.17 |
Common Dividends Paid | -12,251 | -20,464 | -4,056 | -11,922 | -12,242 | -11,115 |
Other Financing Activities | -2,556 | -3,104 | -4,399 | -2,731 | -3,255 | -2,090 |
Financing Cash Flow | -19,427 | -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 | Sep '26 Sep 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 | -1,109 | -2,686 | 2,253 | -1,623 | -1,045 | 382.6 |
Net Cash Flow | 880.55 | -9,957 | 12,537 | 1,207 | -1,745 | -493.15 |
Free Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 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 | 24,692 | 19,860 | 21,350 | 18,707 | 14,109 | 15,224 |
Free Cash Flow Growth | 19.67% | -6.98% | 14.13% | 32.59% | -7.32% | 7.49% |
Free Cash Flow Margin | 27.74% | 22.51% | 23.87% | 23.46% | 17.70% | 20.90% |
Free Cash Flow Per Share | 1.58 | 1.27 | 1.35 | 1.18 | 0.89 | 0.96 |
Levered Free Cash Flow | 21,057 | 12,534 | 19,344 | 13,432 | 8,447 | 11,736 |
Unlevered Free Cash Flow | 22,436 | 13,829 | 20,635 | 14,952 | 9,903 | 12,631 |
Free Cash Flow After Leases | 23,559 | 18,707 | 20,019 | 17,527 | 13,254 | 14,561 |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 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 |
Cash Interest Paid | 732.82 | 886.88 | 742.06 | 666.12 | 826.34 | 498.24 |
Cash Income Tax Paid | 3,684 | 4,188 | 3,618 | 1,627 | 919 | 1,305 |
Change in Working Capital | 831.47 | -1,616 | -164.93 | -296.22 | -2,684 | 2,999 |