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Anheuser-Busch InBev SA/NV (BUD)
NYSE: BUD · Real-Time Price · USD
86.14
+1.27 (1.50%)
At close: Jul 30, 2026, 4:00 PM EDT
85.70
-0.44 (-0.51%)
After-hours: Jul 30, 2026, 4:32 PM EDT

Anheuser-Busch InBev Cash Flow Statement

Millions USD. Fiscal year is Jan - Dec.

Operating Activities

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Jun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Net Income
10,9708,4777,4166,8917,5976,114
Depreciation & Amortization
5,8285,6525,5445,4115,0785,052
Stock-Based Compensation
586625644570448510
Other Adjustments
-5629521,8482,3538721,039
Change in Receivables
-134-187341-1,147-48164
Changes in Inventories
-4187-149717-1,547-1,232
Changes in Accounts Payable
1,077-298-215-1,1101,2493,527
Changes in Other Operating Activities
-306-426-374-419-351-375
Operating Cash Flow
17,41814,88315,05513,26513,29814,799
Operating Cash Flow Growth
14.66%-1.14%13.49%-0.25%-10.14%35.88%

Investing Activities

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Jun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Capital Expenditures
-3,658-3,656-3,863-4,638-5,160-5,640
Sale of Property, Plant & Equipment
95104128156322142
Proceeds from Business Divestments
-73518-469-70-444
Other Investing Activities
361985238328865
Investing Cash Flow
-3,937-3,436-3,259-4,390-4,620-5,878

Financing Activities

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Jun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Long-Term Debt Issued
8884,4005,46520291454
Long-Term Debt Repaid
-3,915-7,594-10,082-3,878-7,875-9,496
Net Long-Term Debt Issued (Repaid)
-3,027-3,194-4,617-3,676-7,784-9,042
Repurchase of Common Stock
-1,701-2,301-937-362--
Net Common Stock Issued (Repurchased)
-1,701-2,301-937-362--
Common Dividends Paid
-3,992-4,543-2,672-3,013-2,442-2,364
Other Financing Activities
-4,398-1,412-1,629-1,509-394-192
Financing Cash Flow
-13,118-11,450-9,854-8,560-10,620-11,598

Net Cash Flow

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Jun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Foreign Exchange Rate Adjustments
118452-1,082109-211-526
Net Cash Flow
364-31,942315-1,942-2,677

Free Cash Flow

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Jun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Free Cash Flow
13,76011,22711,1928,6278,1389,159
Free Cash Flow Growth
18.02%0.31%29.73%6.01%-11.15%28.82%
FCF Margin
21.98%18.93%18.73%14.53%14.08%16.87%
Free Cash Flow Per Share
6.935.565.484.203.974.48
Levered Free Cash Flow
2,8865,0022,1811,626-2,546-3,040
Unlevered Free Cash Flow
12,20412,88811,81110,50710,84711,317
SEC Filings: 10-K · 10-Q