BRF S.A. (BRFS)

BRF S.A. Cash Flow Statement

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

Operating Activities

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net Income	3,446	3,213	-2,029	-3,166	419.46	1,384
Depreciation & Amortization	3,271	3,345	3,000	2,820	2,595	2,274
Other Amortization	261.71	179.7	224.54	171.77	151.82	120.87
Loss (Gain) From Sale of Assets	-131.78	-163.98	-63.23	3.99	-141.21	40.22
Asset Writedown & Restructuring Costs	-	-	-	-	-	10.16
Loss (Gain) on Equity Investments	6.36	13.68	3.26	-1.08	-	-
Other Operating Activities	4,923	4,948	4,358	3,143	2,644	2,864
Change in Accounts Receivable	2,121	-14.55	-606.55	-144.6	386.89	-481.19
Change in Inventory	-832.99	411.46	2,347	415.98	-3,694	-3,147
Change in Accounts Payable	-288.31	-1,156	-3,295	-1,367	1,420	2,155
Change in Income Taxes	-	-	-	-	-399.25	-
Change in Other Net Operating Assets	-	-	-	-	511.63	620.23
Operating Cash Flow	12,776	10,777	3,939	1,876	3,924	5,839
Operating Cash Flow Growth	88.17%	173.56%	109.95%	-52.18%	-32.80%	131.60%

Investing Activities

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Capital Expenditures	-2,983	-2,264	-2,249	-2,840	-2,795	-1,811
Sale of Property, Plant & Equipment	29.73	78.34	167.7	62.55	58.84	126.54
Cash Acquisitions	-511.11	-	183.67	-158.35	-985.64	-
Divestitures	-	-	-	-	132.95	38.55
Sale (Purchase) of Intangibles	-209.48	-158.95	-167.6	-228.73	-179.63	-96.18
Investment in Securities	-170.13	-895.5	-61.48	-91.77	237.02	25.27
Other Investing Activities	-7.38	-258.48	12.85	-2.07	-17.15	285.67
Investing Cash Flow	-3,851	-3,499	-2,114	-3,259	-3,549	-1,431

Financing Activities

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Long-Term Debt Issued	-	2,345	3,836	3,393	2,991	10,420
Long-Term Debt Repaid	-	-4,853	-7,632	-4,634	-2,101	-10,801
Net Debt Issued (Repaid)	-2,249	-2,508	-3,796	-1,242	890.01	-380.58
Issuance of Common Stock	-	-	5,313	5,275	-	-
Repurchase of Common Stock	-1,357	-1,288	-	-	-27.72	-106.07
Common Dividends Paid	-1,144	-1,144	-	-	-	-
Other Financing Activities	-1,671	-1,787	-2,379	-1,778	-1,435	-1,522
Financing Cash Flow	-6,421	-6,727	-861.84	2,256	-572.48	-2,009

Net Cash Flow

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Foreign Exchange Rate Adjustments	184.56	1,350	170.02	-271.03	149.83	939.24
Net Cash Flow	2,688	1,901	1,134	602.11	-47.81	3,339

Free Cash Flow

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Free Cash Flow	9,793	8,513	1,690	-964.02	1,128	4,028
Free Cash Flow Growth	106.08%	403.59%	-	-	-71.99%	218.16%
Free Cash Flow Margin	15.31%	13.87%	3.15%	-1.79%	2.33%	10.21%
Free Cash Flow Per Share	6.01	5.14	1.24	-0.92	1.40	4.96
Levered Free Cash Flow	4,798	4,058	-376.84	1,463	-158.4	494.04
Unlevered Free Cash Flow	6,250	5,489	1,173	2,758	1,005	1,590

Additional Metrics

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash Interest Paid	1,671	1,787	2,379	1,771	1,196	1,422
Cash Income Tax Paid	344.29	260.97	397.87	292.39	399.25	0.16
Change in Working Capital	999.3	-758.61	-1,555	-1,095	-1,745	-853.38

SEC Filings: 10-K · 10-Q

Data Source: S&P Global Market Intelligence Last updated: Jun 30, 2025

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Jan 1, 2000

Data Sources Report a data error