Cash Flow Statement

Currency: USD

	Mar-2019	Jun-2019	Dec-2019	Jun-2020	Dec-2020	Jun-2021	Dec-2021	Dec-2022	Jun-2023	Dec-2023
Operating Cash Flow
Net Income	986	992	908	0	537	0	981	949	0	880
Depreciation & Amortization	713	701	655	0	647	0	712	671	0	654
Other Non-Cash Items	334	390	440	0	429	0	426	306	0	541
Cash Taxes Paid	350	364	411	95	357	443	395	419	630	443
Cash Interest Paid	37	22	37	8	16	14	13	19	35	28
Change in Working Capital	(571)	(360)	(624)	507	(312)	41	(216)	(349)	413	(264)
Cash from Operating Activities	1 462 N/A	1 723 +18%	1 379 -20%	507 -63%	1 301 +157%	1 654 +27%	1 903 +15%	1 577 -17%	2 339 +48%	1 811 -23%
Investing Cash Flow
Capital Expenditures	(587)	(603)	(611)	(191)	(508)	(583)	(606)	(494)	(740)	(498)
Other Items	113	(52)	(82)	(56)	(64)	(112)	(125)	54	77	51
Cash from Investing Activities	(474) N/A	(655) -38%	(693) -6%	(247) +64%	(572) -132%	(695) -22%	(731) -5%	(440) +40%	(663) -51%	(447) +33%
Financing Cash Flow
Net Issuance of Common Stock	(216)	(743)	(305)	0	0	0	0	(15)	(22)	(85)
Net Issuance of Debt	(553)	21	(132)	(34)	(65)	(16)	(70)	(48)	6	28
Cash Paid for Dividends	0	(920)	(976)	(348)	(348)	(374)	(374)	(399)	(899)	(500)
Other	(109)	(92)	14	104	(19)	(130)	(20)	(38)	(55)	(64)
Cash from Financing Activities	(878) N/A	(1 734) -97%	(1 399) +19%	(278) +80%	(432) -55%	(520) -20%	(464) +11%	(500) -8%	(970) -94%	(621) +36%
Change in Cash
Effect of Foreign Exchange Rates	(81)	(22)	(32)	(28)	90	135	35	(186)	(303)	(60)
Net Change in Cash	29 N/A	(688) N/A	(745) -8%	(46) +94%	387 N/A	574 +48%	743 +29%	451 -39%	403 -11%	683 +69%
Free Cash Flow
Free Cash Flow	875 N/A	1 120 +28%	768 -31%	316 -59%	793 +151%	1 071 +35%	1 297 +21%	1 083 -16%	1 599 +48%	1 313 -18%

Budweiser Brewing Company APAC Ltd
HKEX:1876