Anheuser-Busch InBev SA/NV (BUD)

Anheuser-Busch InBev Income Statement

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	59,927	59,380	57,786	54,304	46,881	52,329
Revenue Growth (YoY)	1.41%	2.76%	6.41%	15.83%	-10.41%	-1.34%
Cost of Revenue	27,279	27,396	26,305	23,097	19,634	20,362
Gross Profit	32,648	31,984	31,481	31,207	27,247	31,967
Selling, General & Admin	18,463	18,263	17,628	17,648	15,451	16,516
Other Operating Expenses	-668	-661	-558	-514	-308	-703
Operating Expenses	17,795	17,602	17,070	17,134	15,143	15,813
Operating Income	14,853	14,382	14,411	14,073	12,104	16,154
Interest Expense	-3,814	-3,906	-3,807	-3,851	-4,161	-4,315
Interest & Investment Income	616	565	294	113	150	410
Earnings From Equity Investments	327	295	299	248	156	152
Currency Exchange Gain (Loss)	-366	-353	-363	-101	43	-180
Other Non Operating Income (Expenses)	-1,300	-1,432	-1,481	-1,159	-2,300	-262
EBT Excluding Unusual Items	10,316	9,551	9,353	9,323	5,992	11,959
Merger & Restructuring Charges	-151	-142	-111	-189	-182	685
Impairment of Goodwill	-20	-20	-	-	-2,500	-
Gain (Loss) on Sale of Assets	73	73	82	65	56	122
Asset Writedown	-212	-212	-176	-258	-	-
Legal Settlements	212	212	369	344	796	-
Other Unusual Items	-158	-337	8	-821	-2,083	10
Pretax Income	10,060	9,125	9,525	8,464	2,079	12,776
Income Tax Expense	2,588	2,234	1,928	2,350	1,932	2,786
Earnings From Continuing Operations	7,472	6,891	7,597	6,114	147	9,990
Earnings From Discontinued Operations	-	-	-	-	2,055	424
Net Income to Company	7,472	6,891	7,597	6,114	2,202	10,414
Minority Interest in Earnings	-1,544	-1,550	-1,628	-1,444	-797	-1,243
Net Income	5,928	5,341	5,969	4,670	1,405	9,171
Net Income to Common	5,928	5,341	5,969	4,670	1,405	9,171
Net Income Growth	-5.21%	-10.52%	27.82%	232.38%	-84.68%	109.86%
Shares Outstanding (Basic)	2,011	2,016	2,013	2,007	1,998	1,984
Shares Outstanding (Diluted)	2,049	2,054	2,050	2,045	1,998	2,026
Shares Change (YoY)	-0.24%	0.20%	0.24%	2.35%	-1.38%	0.75%
EPS (Basic)	2.95	2.65	2.97	2.33	0.70	4.62
EPS (Diluted)	2.89	2.60	2.91	2.28	0.70	4.53
EPS Growth	-4.83%	-10.65%	27.63%	226.40%	-84.58%	108.33%
Free Cash Flow	9,970	8,627	8,138	9,159	7,110	8,862
Free Cash Flow Per Share	4.87	4.20	3.97	4.48	3.56	4.37
Dividend Per Share	0.906	0.906	0.802	0.569	0.612	1.459
Dividend Growth	13.08%	13.08%	40.96%	-7.03%	-58.08%	-29.21%
Gross Margin	54.48%	53.86%	54.48%	57.47%	58.12%	61.09%
Operating Margin	24.79%	24.22%	24.94%	25.92%	25.82%	30.87%
Profit Margin	9.89%	8.99%	10.33%	8.60%	3.00%	17.53%
Free Cash Flow Margin	16.64%	14.53%	14.08%	16.87%	15.17%	16.94%
EBITDA	18,002	18,211	18,684	18,193	16,933	20,264
EBITDA Margin	30.04%	30.67%	32.33%	33.50%	36.12%	38.72%
D&A For EBITDA	3,149	3,829	4,273	4,120	4,829	4,110
EBIT	14,853	14,382	14,411	14,073	12,104	16,154
EBIT Margin	24.79%	24.22%	24.94%	25.92%	25.82%	30.87%
Effective Tax Rate	25.73%	24.48%	20.24%	27.76%	92.93%	21.81%

Source: S&P Capital IQ. Standard template. Financial Sources.