Dashboard Tools Market News Investing Ideas Pricing About Us
Sign Up
Log in
Brown-Forman Corp banner

Brown-Forman Corp
NYSE:BF.A

Watchlist Manager
Brown-Forman Corp Logo
Brown-Forman Corp
NYSE:BF.A
Watchlist
Price: 29.765 USD 1.17% Market Closed
Market Cap: $14.2B
Write Note Create Alert Ask AI
Financials Section:
Income Statement Balance Sheet Cash Flow Statement

Cash Flow Statement

Operating Cash Flow
+
3Y
-17%
5Y
-7%
10Y
+9%
Investing Cash Flow
+
3Y
-
5Y
+205%
10Y
-
Financing Cash Flow
+
3Y
-65%
5Y
-583%
10Y
-87%

Cash Flow Statement
Brown-Forman Corp

Rotate your device to view
Cash Flow Statement
Currency: USD
Jan-2002 Apr-2002 Jul-2002 Oct-2002 Jan-2003 Apr-2003 Jul-2003 Oct-2003 Jan-2004 Apr-2004 Jul-2004 Oct-2004 Jan-2005 Apr-2005 Jul-2005 Oct-2005 Jan-2006 Apr-2006 Jul-2006 Oct-2006 Jan-2007 Apr-2007 Jul-2007 Oct-2007 Jan-2008 Apr-2008 Jul-2008 Oct-2008 Jan-2009 Apr-2009 Jul-2009 Oct-2009 Jan-2010 Apr-2010 Jul-2010 Oct-2010 Jan-2011 Apr-2011 Jul-2011 Oct-2011 Jan-2012 Apr-2012 Jul-2012 Oct-2012 Jan-2013 Apr-2013 Jul-2013 Oct-2013 Jan-2014 Apr-2014 Jul-2014 Oct-2014 Jan-2015 Apr-2015 Jul-2015 Oct-2015 Jan-2016 Apr-2016 Jul-2016 Oct-2016 Jan-2017 Apr-2017 Jul-2017 Oct-2017 Jan-2018 Apr-2018 Jul-2018 Oct-2018 Jan-2019 Apr-2019 Jul-2019 Oct-2019 Jan-2020 Apr-2020 Jul-2020 Oct-2020 Jan-2021 Apr-2021 Jul-2021 Oct-2021 Jan-2022 Apr-2022 Jul-2022 Oct-2022 Jan-2023 Apr-2023 Jul-2023 Oct-2023 Jan-2024 Apr-2024 Jul-2024 Oct-2024 Jan-2025 Apr-2025 Jul-2025 Oct-2025
Operating Cash Flow
Net Income
231
228
225
226
238
245
240
247
258
254
275
290
302
308
269
275
302
320
401
416
401
389
390
396
407
440
433
446
454
435
468
472
457
449
439
446
479
572
579
582
575
513
542
557
582
591
587
620
639
659
666
668
676
684
690
682
686
1 067
1 055
1 053
1 046
669
703
744
752
717
739
749
786
835
821
854
858
827
965
923
911
903
771
767
807
838
895
886
727
783
765
780
965
1 024
988
1 004
989
869
844
810
Depreciation & Amortization
64
55
56
56
57
55
54
54
55
42
43
44
33
43
40
36
42
42
41
41
42
44
47
49
50
52
53
53
54
55
56
57
59
59
59
59
58
56
55
53
51
49
48
47
47
51
52
51
51
50
51
51
52
51
51
53
53
56
58
57
58
58
58
61
64
64
67
69
68
72
72
72
75
74
75
77
77
77
77
78
79
79
80
78
78
80
81
82
87
87
88
90
87
87
87
87
Change in Deffered Taxes
(34)
(43)
(56)
(46)
(43)
(15)
(1)
1
4
(6)
(12)
(24)
(31)
(3)
6
7
20
(33)
(34)
(23)
(23)
(7)
(8)
(0)
10
5
(1)
(3)
(8)
12
18
23
43
11
17
13
44
32
29
39
3
53
84
78
46
26
10
(22)
(25)
(5)
(16)
(17)
9
6
7
16
26
10
(3)
11
(13)
(10)
(2)
(13)
(31)
(69)
(46)
(55)
(24)
38
9
43
55
39
5
(29)
(47)
(53)
3
(17)
0
(11)
(21)
4
(14)
(3)
6
(10)
6
18
1
21
(28)
(39)
(42)
(54)
Stock-Based Compensation
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
9
3
4
6
8
7
9
10
10
11
10
8
7
6
6
7
8
8
8
8
9
10
9
10
9
9
0
0
11
9
0
0
9
6
9
12
15
15
15
15
13
14
15
16
14
14
15
12
19
20
19
23
14
12
14
55
11
11
5
(39)
12
10
12
15
15
15
18
17
18
18
18
18
25
25
29
30
28
28
28
Other Non-Cash Items
(7)
3
(6)
7
19
1
0
0
0
(6)
0
0
31
9
70
72
62
64
9
8
22
14
10
13
(1)
7
30
29
7
9
(14)
(14)
18
19
19
19
8
(31)
(31)
(31)
(31)
10
10
11
11
13
14
14
15
14
14
14
14
24
24
26
27
(468)
(467)
(469)
(470)
25
25
27
29
102
103
102
103
18
17
15
17
39
(98)
(94)
(108)
(138)
9
13
30
107
108
125
198
132
112
99
(67)
(219)
(216)
(222)
(207)
(66)
(57)
(55)
Cash Taxes Paid
0
175
0
0
0
130
0
0
0
129
0
0
0
174
0
0
0
188
0
0
0
205
0
0
0
236
0
0
0
222
0
0
0
219
0
0
0
203
0
0
0
203
0
0
0
252
0
0
0
281
0
0
0
375
0
0
0
430
0
0
0
266
0
0
0
200
0
0
0
201
0
0
0
143
0
0
0
204
0
0
0
226
0
0
0
278
0
0
0
242
0
0
0
303
0
0
Cash Interest Paid
0
8
0
0
0
5
0
0
0
21
0
0
0
21
0
0
0
21
0
0
0
32
0
0
0
50
0
0
0
34
0
0
0
32
0
0
0
26
0
0
0
33
0
0
0
32
0
0
0
28
0
0
0
27
0
0
0
41
0
0
0
48
0
0
0
65
0
0
0
90
0
0
0
83
0
0
0
79
0
0
0
80
0
0
0
85
0
0
0
125
0
0
0
119
0
0
Change in Working Capital
(30)
6
26
(25)
(54)
(43)
(52)
(21)
(12)
20
20
33
64
39
(34)
(40)
(130)
(50)
(33)
(58)
(64)
(85)
(33)
(11)
9
30
(4)
(74)
(28)
(20)
(24)
43
(4)
7
(10)
(20)
(68)
(102)
(137)
(139)
(128)
(109)
(145)
(168)
(145)
(144)
(119)
(90)
(120)
(69)
(47)
(198)
(117)
(157)
(129)
(78)
(111)
(141)
(138)
(120)
(100)
(86)
(151)
(114)
(41)
(161)
(189)
(158)
(265)
(163)
(173)
(269)
(273)
(255)
(204)
(57)
(46)
28
51
28
12
(77)
(138)
(176)
(326)
(352)
(459)
(530)
(399)
(263)
(235)
(214)
(110)
(253)
(91)
(27)
Cash from Operating Activities
224
N/A
249
+11%
245
-2%
218
-11%
208
-5%
243
+17%
244
+0%
286
+17%
313
+9%
304
-3%
345
+13%
362
+5%
399
+10%
396
-1%
351
-11%
350
0%
296
-15%
343
+16%
385
+12%
384
0%
378
-2%
355
-6%
406
+14%
448
+10%
476
+6%
534
+12%
511
-4%
451
-12%
479
+6%
491
+3%
504
+3%
581
+15%
573
-1%
545
-5%
524
-4%
517
-1%
520
+1%
527
+1%
494
-6%
505
+2%
469
-7%
516
+10%
540
+5%
526
-3%
541
+3%
537
-1%
542
+1%
573
+6%
560
-2%
649
+16%
668
+3%
518
-22%
634
+22%
608
-4%
643
+6%
699
+9%
681
-3%
524
-23%
505
-4%
532
+5%
521
-2%
656
+26%
633
-4%
705
+11%
773
+10%
653
-16%
674
+3%
707
+5%
668
-6%
800
+20%
746
-7%
715
-4%
732
+2%
724
-1%
743
+3%
820
+10%
787
-4%
817
+4%
911
+12%
869
-5%
928
+7%
936
+1%
924
-1%
917
-1%
663
-28%
640
-3%
505
-21%
421
-17%
592
+41%
647
+9%
626
-3%
679
+8%
731
+8%
598
-18%
741
+24%
761
+3%
Investing Cash Flow
Capital Expenditures
(77)
(79)
(74)
(79)
(83)
(128)
(128)
(122)
(117)
(41)
(35)
(32)
(29)
(48)
(47)
(48)
(50)
(52)
(55)
(50)
(89)
(92)
(107)
(115)
(77)
(66)
(54)
(50)
(51)
(54)
(48)
(40)
(34)
(37)
(37)
(39)
(47)
(43)
(49)
(53)
(55)
(68)
(72)
(80)
(86)
(97)
(105)
(118)
(127)
(129)
(135)
(132)
(136)
(125)
(133)
(128)
(119)
(110)
(395)
(388)
(93)
(115)
181
164
(143)
(128)
(123)
(118)
(113)
(121)
(119)
(119)
(124)
(119)
(113)
(96)
(73)
(65)
(64)
(68)
(84)
(127)
(146)
(155)
(181)
(183)
(199)
(201)
(215)
(228)
(220)
(221)
(197)
(167)
(157)
(151)
Other Items
(4)
0
0
0
(74)
(98)
(99)
0
(24)
(22)
(22)
0
17
32
31
229
(32)
49
(226)
(418)
(944)
(946)
(583)
(583)
169
94
0
1
17
17
17
17
0
2
13
14
14
246
235
0
0
0
0
0
0
0
0
0
0
2
0
0
0
0
0
0
0
543
0
0
236
(324)
(327)
(328)
0
(21)
(24)
(23)
(21)
2
(18)
(18)
(20)
(22)
177
177
163
163
(15)
(16)
(1)
0
0
5
(1 183)
(1 172)
(1 166)
(1 157)
223
277
323
310
467
416
398
398
Cash from Investing Activities
(81)
N/A
(79)
+2%
(74)
+6%
(77)
-4%
(156)
-103%
(226)
-45%
(226)
N/A
(220)
+3%
(140)
+36%
(63)
+55%
(56)
+11%
(54)
+4%
(12)
+78%
(16)
-33%
(16)
N/A
181
N/A
(82)
N/A
(3)
+96%
(282)
-9 293%
(468)
-66%
(1 033)
-121%
(1 038)
-1%
(690)
+34%
(698)
-1%
93
N/A
28
-70%
(47)
N/A
(49)
-6%
(34)
+32%
(37)
-9%
(31)
+17%
(23)
+25%
(34)
-46%
(35)
-4%
(24)
+33%
(25)
-7%
(32)
-29%
203
N/A
186
-8%
181
-3%
179
-1%
(68)
N/A
(72)
-6%
(80)
-12%
(86)
-7%
(97)
-13%
(105)
-8%
(118)
-13%
(127)
-8%
(127)
N/A
(133)
-5%
(130)
+2%
(134)
-3%
(125)
+7%
(133)
-6%
(128)
+4%
(119)
+7%
433
N/A
148
-66%
155
+5%
143
-8%
(439)
N/A
(146)
+67%
(164)
-12%
(160)
+2%
(149)
+7%
(143)
+4%
(137)
+4%
(134)
+2%
(119)
+11%
(137)
-15%
(137)
N/A
(144)
-5%
(141)
+2%
64
N/A
81
+27%
90
+11%
98
+9%
(79)
N/A
(84)
-6%
(85)
-1%
(127)
-49%
(146)
-15%
(150)
-3%
(1 364)
-809%
(1 355)
+1%
(1 365)
-1%
(1 358)
+1%
8
N/A
49
+513%
103
+110%
89
-14%
270
+203%
249
-8%
241
-3%
247
+2%
Financing Cash Flow
Net Issuance of Common Stock
(13)
(13)
0
0
0
(561)
0
0
0
0
0
(3)
(3)
(3)
0
(3)
(3)
(3)
(3)
0
0
0
(7)
(23)
(122)
(223)
(216)
(200)
(124)
(39)
(90)
(178)
(174)
(158)
(155)
(126)
(119)
(136)
(107)
(246)
(237)
(220)
(202)
(4)
(1)
0
(1)
(49)
(49)
(49)
(60)
(205)
(271)
(462)
(680)
(996)
(953)
(1 107)
(1 078)
(810)
(906)
(561)
(361)
(120)
(1)
(1)
(1)
(128)
(206)
(207)
(207)
(80)
(2)
(1)
0
0
0
0
0
0
0
0
0
0
0
0
0
(42)
(400)
(400)
0
(358)
0
0
0
(99)
Net Issuance of Debt
6
(37)
(43)
(10)
(7)
596
585
524
508
(155)
(184)
(197)
(102)
(50)
(47)
(58)
(33)
(55)
(54)
(55)
641
597
567
565
(234)
(172)
(123)
108
59
(4)
(78)
(259)
(304)
(302)
(197)
(325)
(10)
57
37
118
1
(248)
(248)
(246)
500
493
492
492
(252)
3
7
118
(2)
183
492
669
741
320
680
440
424
565
(64)
(137)
(237)
342
256
363
468
(71)
37
(111)
(208)
178
166
202
305
(126)
(231)
(336)
(284)
(196)
(146)
174
737
632
785
666
372
192
93
55
(527)
(417)
(501)
(584)
Cash Paid for Dividends
(91)
(94)
(95)
(97)
(99)
(99)
(98)
(97)
(96)
(97)
(100)
(103)
(108)
(111)
(115)
(119)
(123)
(128)
(132)
(137)
(140)
(143)
(350)
(353)
(358)
(362)
(162)
(165)
(167)
(169)
(171)
(173)
(173)
(174)
(175)
(176)
(324)
(326)
(328)
(331)
(189)
(192)
(195)
(200)
(1 058)
(1 063)
(1 067)
(1 072)
(226)
(233)
(241)
(248)
(252)
(256)
(259)
(262)
(265)
(266)
(268)
(270)
(270)
(274)
(277)
(280)
(287)
(773)
(779)
(785)
(788)
(310)
(313)
(316)
(321)
(325)
(329)
(334)
(336)
(338)
(341)
(343)
(826)
(831)
(835)
(839)
(369)
(378)
(387)
(395)
(399)
(404)
(408)
(413)
(417)
(420)
(424)
(428)
Other
0
4
6
8
8
3
5
5
7
7
8
7
7
11
12
15
20
26
40
46
41
33
27
24
21
21
6
(0)
(2)
(4)
(3)
(3)
(2)
(3)
(1)
(1)
(2)
(1)
(2)
(1)
(1)
(2)
(1)
(2)
(7)
(6)
(7)
(6)
(2)
(9)
0
(1)
2
4
(6)
(5)
(5)
(7)
(17)
(19)
(19)
(15)
(12)
(12)
(29)
(34)
(33)
(32)
(18)
(11)
(20)
(32)
(36)
(43)
(39)
(31)
(28)
(21)
(17)
(13)
(11)
(11)
(10)
(10)
(8)
(15)
(15)
(14)
(14)
(6)
(4)
(8)
(8)
(6)
(5)
(2)
Cash from Financing Activities
(97)
N/A
(140)
-44%
(132)
+6%
(99)
+25%
(98)
+1%
(61)
+38%
(69)
-13%
(129)
-87%
(142)
-10%
(245)
-73%
(276)
-13%
(296)
-7%
(206)
+30%
(153)
+26%
(153)
N/A
(165)
-8%
(139)
+16%
(160)
-15%
(149)
+7%
(146)
+2%
542
N/A
487
-10%
238
-51%
213
-11%
(692)
N/A
(736)
-6%
(496)
+33%
(258)
+48%
(234)
+9%
(216)
+7%
(341)
-58%
(612)
-79%
(652)
-7%
(637)
+2%
(527)
+17%
(628)
-19%
(454)
+28%
(406)
+11%
(400)
+2%
(459)
-15%
(425)
+7%
(662)
-56%
(646)
+2%
(451)
+30%
(566)
-25%
(576)
-2%
(582)
-1%
(635)
-9%
(529)
+17%
(288)
+46%
(294)
-2%
(336)
-14%
(523)
-56%
(531)
-2%
(453)
+15%
(594)
-31%
(482)
+19%
(1 060)
-120%
(683)
+36%
(659)
+4%
(771)
-17%
(285)
+63%
(714)
-151%
(549)
+23%
(554)
-1%
(466)
+16%
(557)
-20%
(582)
-4%
(544)
+7%
(599)
-10%
(503)
+16%
(539)
-7%
(567)
-5%
(191)
+66%
(202)
-6%
(163)
+19%
(59)
+64%
(485)
-722%
(589)
-21%
(692)
-17%
(1 121)
-62%
(1 038)
+7%
(991)
+5%
(675)
+32%
360
N/A
239
-34%
383
+60%
215
-44%
(441)
N/A
(618)
-40%
(719)
-16%
(724)
-1%
(952)
-31%
(843)
+11%
(930)
-10%
(1 113)
-20%
Change in Cash
Effect of Foreign Exchange Rates
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
1
2
4
5
9
8
10
12
(11)
(14)
(17)
(6)
16
20
19
1
3
4
11
11
(2)
(7)
(15)
(14)
(5)
3
2
0
3
(4)
(1)
2
(9)
(14)
(19)
(23)
(17)
(13)
(4)
(5)
(12)
(13)
(13)
6
9
31
19
(1)
(7)
(17)
(14)
(10)
3
(5)
(24)
(4)
(9)
12
45
21
16
(16)
(47)
(54)
(69)
(34)
(14)
8
16
3
(6)
(20)
(8)
(28)
3
12
17
Net Change in Cash
46
N/A
30
-35%
39
+30%
42
+8%
(46)
N/A
(44)
+4%
(51)
-16%
(63)
-24%
31
N/A
(4)
N/A
13
N/A
12
-8%
181
+1 408%
227
+25%
182
-20%
366
+101%
75
-80%
180
+140%
(46)
N/A
(230)
-398%
(112)
+51%
(192)
-71%
(41)
+78%
(29)
+31%
(116)
-307%
(164)
-41%
(19)
+88%
133
N/A
197
+48%
221
+12%
126
-43%
(38)
N/A
(93)
-147%
(108)
-16%
(25)
+77%
(133)
-428%
37
N/A
335
+796%
291
-13%
224
-23%
216
-4%
(229)
N/A
(191)
+17%
(11)
+94%
(108)
-880%
(134)
-24%
(144)
-8%
(177)
-23%
(100)
+44%
233
N/A
243
+4%
43
-82%
(37)
N/A
(67)
-81%
34
N/A
(40)
N/A
67
N/A
(107)
N/A
(35)
+67%
16
N/A
(120)
N/A
(81)
+33%
(221)
-173%
1
N/A
90
+8 900%
57
-37%
(27)
N/A
(19)
+30%
(27)
-42%
68
N/A
96
+41%
42
-56%
16
-62%
368
+2 200%
601
+63%
729
+21%
830
+14%
475
-43%
264
-44%
109
-59%
(294)
N/A
(276)
+6%
(267)
+3%
23
N/A
(375)
N/A
(490)
-31%
(469)
+4%
(706)
-51%
162
N/A
72
-56%
(10)
N/A
36
N/A
21
-42%
7
-67%
64
+814%
(88)
N/A
Free Cash Flow
Free Cash Flow
147
N/A
170
+16%
171
+1%
139
-19%
125
-10%
115
-8%
116
+1%
164
+41%
196
+20%
263
+34%
310
+18%
330
+6%
370
+12%
348
-6%
304
-13%
302
-1%
246
-19%
291
+18%
329
+13%
334
+1%
289
-13%
263
-9%
299
+14%
333
+11%
399
+20%
468
+17%
457
-2%
401
-12%
428
+7%
437
+2%
456
+4%
541
+18%
539
0%
508
-6%
487
-4%
478
-2%
474
-1%
484
+2%
445
-8%
451
+1%
414
-8%
448
+8%
468
+4%
445
-5%
455
+2%
440
-3%
438
0%
455
+4%
433
-5%
520
+20%
533
+3%
386
-28%
498
+29%
483
-3%
510
+6%
571
+12%
562
-2%
414
-26%
110
-73%
144
+31%
428
+197%
541
+26%
814
+50%
869
+7%
630
-28%
525
-17%
551
+5%
589
+7%
555
-6%
679
+22%
627
-8%
596
-5%
608
+2%
605
0%
630
+4%
724
+15%
714
-1%
752
+5%
847
+13%
801
-5%
844
+5%
809
-4%
778
-4%
762
-2%
482
-37%
457
-5%
306
-33%
220
-28%
377
+71%
419
+11%
406
-3%
458
+13%
534
+17%
431
-19%
584
+35%
610
+4%

See Also

Summary
BF.A intrinsic value, competitors valuation, and company profile.
DCF Valuation
BF.A stock valuation using Discount Cash Flow valuation method.
Relative Valuation
BF.A stock valuation using valuation multiples.
Wall Street Estimates
BF.A price targets and financial estimates made by Wall st analysts.
Profitability Analysis
Detailed analysis of the company's profitability.
Solvency Analysis
Analysis of the financial position and solvency of the company.
Financials
Income Statement, Balance Sheet, Cash Flow Statement.
Discount Rate
BF.A stock discount rate: cost of equity and WACC.
Summary
DCF Valuation
Relative Valuation
Wall Street Estimates
Profitability Analysis
Solvency Analysis
Financials
Discount Rate
Discover More
ALPHA SPREAD
Follow us
Join more than 315,700+ value investors using Alpha Spread
Create Free Account
or see our plans & pricing

Company

About Us Careers Pricing Affiliate Program Terms of Service Privacy Policy

Help

What is Intrinsic Value? Help Center Contact Us

Tools

Stock Screener Intrinsic Value Calculator DCF Value Calculator Discount Rate Calculator

Stocks

Most Undervalued Stocks Wide Economic Moat Stocks High Profitability Stocks High Solvency Stocks Most Popular Stocks

© 2026 Alpha Spread Limited. All Rights Reserved.

www.alphaspread.com is not operated by a broker, a dealer, or a registered investment adviser. Under no circumstances does any information posted on www.alphaspread.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute, investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. In no event shall Alpha Spread Limited be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on www.alphaspread.com, or relating to the use of, or inability to use, www.alphaspread.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance.