Anheuser Busch Inbev SA
XETRA:1NBA
Cash Flow Statement
Cash Flow Statement
Anheuser Busch Inbev SA
Dec-2003 | Jun-2004 | Dec-2004 | Jun-2005 | Dec-2005 | Jun-2006 | Dec-2006 | Jun-2007 | Dec-2007 | Jun-2008 | Dec-2008 | Jun-2009 | Dec-2009 | Jun-2010 | Dec-2010 | Jun-2011 | Dec-2011 | Jun-2012 | Dec-2012 | Jun-2013 | Dec-2013 | Jun-2014 | Dec-2014 | Jun-2015 | Dec-2015 | Jun-2016 | Dec-2016 | Jun-2017 | Dec-2017 | Jun-2018 | Dec-2018 | Jun-2019 | Dec-2019 | Jun-2020 | Dec-2020 | Jun-2021 | Dec-2021 | Jun-2022 | Dec-2022 | Jun-2023 | Dec-2023 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Operating Cash Flow | ||||||||||||||||||||||||||||||||||||||||||
Net Income |
571
|
651
|
1 116
|
1 543
|
1 742
|
2 144
|
2 669
|
3 074
|
4 173
|
4 437
|
3 093
|
3 669
|
5 877
|
5 879
|
5 762
|
6 803
|
7 959
|
9 169
|
9 325
|
15 098
|
16 518
|
11 159
|
11 302
|
11 653
|
9 867
|
5 335
|
2 769
|
5 540
|
9 183
|
9 173
|
5 157
|
7 973
|
9 990
|
(160)
|
147
|
6 965
|
6 114
|
5 514
|
7 597
|
7 778
|
6 891
|
|
Depreciation & Amortization |
612
|
676
|
832
|
1 028
|
1 103
|
1 149
|
1 271
|
1 289
|
1 410
|
1 583
|
1 892
|
2 410
|
2 818
|
2 752
|
2 788
|
2 868
|
2 783
|
2 762
|
2 747
|
2 788
|
2 985
|
3 140
|
3 353
|
3 330
|
3 153
|
3 185
|
3 477
|
4 027
|
4 276
|
4 502
|
4 624
|
4 554
|
4 657
|
4 794
|
4 829
|
4 794
|
5 052
|
5 162
|
5 078
|
5 196
|
5 411
|
|
Other Non-Cash Items |
353
|
320
|
10
|
399
|
1 214
|
1 246
|
1 372
|
1 712
|
1 513
|
1 557
|
2 868
|
4 657
|
4 535
|
4 923
|
5 715
|
5 128
|
4 637
|
3 524
|
3 656
|
(2 062)
|
(2 265)
|
3 959
|
3 676
|
3 086
|
3 706
|
7 409
|
10 095
|
9 360
|
8 208
|
8 625
|
11 446
|
8 787
|
7 012
|
13 830
|
12 279
|
7 128
|
7 641
|
8 484
|
7 266
|
7 645
|
8 771
|
|
Cash Taxes Paid |
179
|
179
|
294
|
518
|
461
|
440
|
518
|
418
|
613
|
879
|
1 228
|
813
|
1 569
|
2 318
|
1 682
|
1 645
|
1 694
|
1 812
|
1 792
|
2 365
|
2 276
|
2 134
|
2 371
|
2 490
|
2 355
|
3 097
|
3 256
|
2 043
|
2 141
|
3 518
|
3 047
|
2 676
|
3 136
|
2 526
|
2 306
|
2 479
|
2 410
|
2 798
|
2 582
|
2 660
|
2 696
|
|
Cash Interest Paid |
157
|
193
|
313
|
531
|
639
|
602
|
567
|
711
|
853
|
987
|
964
|
1 394
|
2 908
|
3 304
|
2 987
|
3 082
|
2 612
|
2 164
|
1 978
|
2 133
|
2 214
|
2 254
|
2 476
|
2 294
|
1 943
|
1 961
|
3 279
|
5 082
|
4 652
|
4 296
|
4 559
|
4 440
|
4 450
|
4 247
|
4 340
|
4 375
|
3 987
|
3 831
|
4 133
|
4 373
|
3 877
|
|
Change in Working Capital |
(234)
|
(351)
|
(239)
|
(932)
|
(1 071)
|
(800)
|
(1 185)
|
(1 285)
|
(1 532)
|
(2 383)
|
(2 375)
|
(2 024)
|
(4 106)
|
(5 364)
|
(4 360)
|
(4 484)
|
(2 893)
|
(2 917)
|
(2 460)
|
(3 467)
|
(3 374)
|
(3 357)
|
(4 187)
|
(3 932)
|
(2 605)
|
(4 069)
|
(6 231)
|
(7 252)
|
(6 237)
|
(7 463)
|
(7 046)
|
(5 661)
|
(7 623)
|
(8 206)
|
(6 364)
|
(5 176)
|
(4 008)
|
(6 118)
|
(6 643)
|
(7 906)
|
(7 808)
|
|
Cash from Operating Activities |
1 301
N/A
|
1 297
0%
|
1 719
+33%
|
2 038
+19%
|
2 989
+47%
|
3 739
+25%
|
4 127
+10%
|
4 845
+17%
|
5 564
+15%
|
5 193
-7%
|
5 478
+5%
|
8 712
+59%
|
9 124
+5%
|
8 190
-10%
|
9 905
+21%
|
10 315
+4%
|
12 486
+21%
|
12 538
+0%
|
13 268
+6%
|
12 357
-7%
|
13 864
+12%
|
14 901
+7%
|
14 144
-5%
|
14 137
0%
|
14 121
0%
|
11 860
-16%
|
10 110
-15%
|
11 675
+15%
|
15 430
+32%
|
14 837
-4%
|
14 181
-4%
|
15 653
+10%
|
14 036
-10%
|
10 258
-27%
|
10 891
+6%
|
13 711
+26%
|
14 799
+8%
|
13 042
-12%
|
13 298
+2%
|
12 713
-4%
|
13 265
+4%
|
|
Investing Cash Flow | ||||||||||||||||||||||||||||||||||||||||||
Capital Expenditures |
(770)
|
(750)
|
(1 068)
|
(1 464)
|
(1 468)
|
(1 381)
|
(1 732)
|
(1 959)
|
(2 164)
|
(2 396)
|
(2 624)
|
(2 183)
|
(1 713)
|
(1 800)
|
(2 344)
|
(3 128)
|
(3 376)
|
(3 041)
|
(3 264)
|
(3 447)
|
(3 869)
|
(4 145)
|
(4 395)
|
(4 401)
|
(4 749)
|
(4 602)
|
(4 979)
|
(5 174)
|
(4 741)
|
(5 145)
|
(5 005)
|
(4 588)
|
(5 174)
|
(5 044)
|
(3 781)
|
(4 375)
|
(5 640)
|
(5 468)
|
(5 160)
|
(5 265)
|
(4 638)
|
|
Other Items |
(292)
|
(1 047)
|
352
|
(189)
|
(1 743)
|
(1 302)
|
(2 638)
|
(2 888)
|
(1 064)
|
(801)
|
(51 672)
|
(49 937)
|
6 982
|
6 277
|
(202)
|
(252)
|
645
|
(756)
|
(8 077)
|
(12 292)
|
(6 412)
|
(6 670)
|
(6 665)
|
(1 136)
|
(181)
|
(56 683)
|
(55 098)
|
9 510
|
12 595
|
5 635
|
1 148
|
226
|
243
|
10 935
|
10 117
|
(565)
|
(238)
|
(118)
|
540
|
501
|
284
|
|
Cash from Investing Activities |
(1 061)
N/A
|
(1 796)
-69%
|
(717)
+60%
|
(1 653)
-131%
|
(3 211)
-94%
|
(2 684)
+16%
|
(4 370)
-63%
|
(4 846)
-11%
|
(3 228)
+33%
|
(3 198)
+1%
|
(54 296)
-1 598%
|
(52 120)
+4%
|
5 269
N/A
|
4 477
-15%
|
(2 546)
N/A
|
(3 380)
-33%
|
(2 731)
+19%
|
(3 797)
-39%
|
(11 341)
-199%
|
(15 739)
-39%
|
(10 281)
+35%
|
(10 815)
-5%
|
(11 060)
-2%
|
(5 537)
+50%
|
(4 930)
+11%
|
(61 285)
-1 143%
|
(60 077)
+2%
|
4 336
N/A
|
7 854
+81%
|
490
-94%
|
(3 857)
N/A
|
(4 362)
-13%
|
(4 931)
-13%
|
5 891
N/A
|
6 336
+8%
|
(4 940)
N/A
|
(5 878)
-19%
|
(5 586)
+5%
|
(4 620)
+17%
|
(4 764)
-3%
|
(4 354)
+9%
|
|
Financing Cash Flow | ||||||||||||||||||||||||||||||||||||||||||
Net Issuance of Common Stock |
8
|
25
|
36
|
22
|
(66)
|
(107)
|
29
|
(151)
|
(706)
|
(1 532)
|
8 871
|
9 947
|
76
|
77
|
215
|
309
|
155
|
122
|
102
|
48
|
73
|
104
|
83
|
(986)
|
(995)
|
2
|
0
|
0
|
0
|
0
|
0
|
0
|
5 575
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(362)
|
|
Net Issuance of Debt |
264
|
999
|
(101)
|
181
|
644
|
299
|
1 101
|
1 326
|
491
|
2 645
|
43 993
|
39 872
|
(11 797)
|
(12 195)
|
(4 294)
|
(3 500)
|
(4 558)
|
(4 325)
|
3 649
|
10 273
|
4 458
|
3 816
|
3 223
|
(937)
|
457
|
57 751
|
62 675
|
(1 365)
|
(9 981)
|
(3 261)
|
(5 130)
|
(5 426)
|
(8 449)
|
280
|
(8 755)
|
(26 924)
|
(9 042)
|
(4 525)
|
(7 784)
|
(4 250)
|
(3 676)
|
|
Cash Paid for Dividends |
(190)
|
(220)
|
(284)
|
(540)
|
(706)
|
(759)
|
(775)
|
(983)
|
(1 053)
|
(2 543)
|
(2 891)
|
(1 351)
|
(1 313)
|
(1 671)
|
(1 924)
|
(3 130)
|
(3 088)
|
(3 930)
|
(3 632)
|
(5 115)
|
(6 253)
|
0
|
0
|
0
|
0
|
0
|
(8 450)
|
(12 925)
|
(9 275)
|
(9 932)
|
(7 761)
|
(5 018)
|
(5 015)
|
(3 845)
|
(1 800)
|
(1 963)
|
(2 364)
|
(2 258)
|
(2 442)
|
(3 089)
|
(3 013)
|
|
Other |
0
|
(7)
|
(7)
|
(36)
|
(101)
|
(125)
|
(94)
|
(102)
|
(60)
|
(243)
|
(625)
|
(242)
|
(62)
|
(456)
|
(754)
|
(1 045)
|
(1 505)
|
(1 166)
|
43
|
1 768
|
2 063
|
(3 975)
|
(7 253)
|
(7 478)
|
(8 743)
|
(7 845)
|
(3 494)
|
(1)
|
(1 748)
|
(2 579)
|
(681)
|
(283)
|
(866)
|
(536)
|
2 080
|
2 074
|
(192)
|
(100)
|
(394)
|
(712)
|
(1 545)
|
|
Cash from Financing Activities |
82
N/A
|
798
+873%
|
(357)
N/A
|
(374)
-5%
|
(229)
+39%
|
(692)
-202%
|
261
N/A
|
91
-65%
|
(1 328)
N/A
|
(1 674)
-26%
|
49 348
N/A
|
48 226
-2%
|
(13 096)
N/A
|
(14 245)
-9%
|
(6 757)
+53%
|
(7 366)
-9%
|
(8 996)
-22%
|
(9 299)
-3%
|
162
N/A
|
6 974
+4 205%
|
341
-95%
|
(1 746)
N/A
|
(3 947)
-126%
|
(9 401)
-138%
|
(9 281)
+1%
|
49 908
N/A
|
50 731
+2%
|
(14 291)
N/A
|
(21 004)
-47%
|
(15 772)
+25%
|
(13 572)
+14%
|
(10 727)
+21%
|
(8 755)
+18%
|
1 474
N/A
|
(8 475)
N/A
|
(26 813)
-216%
|
(11 598)
+57%
|
(6 883)
+41%
|
(10 620)
-54%
|
(8 051)
+24%
|
(8 596)
-7%
|
|
Change in Cash | ||||||||||||||||||||||||||||||||||||||||||
Effect of Foreign Exchange Rates |
(20)
|
(27)
|
(5)
|
50
|
48
|
(26)
|
(38)
|
(2)
|
(38)
|
(199)
|
(192)
|
204
|
193
|
53
|
234
|
196
|
56
|
(198)
|
(350)
|
(574)
|
(1 142)
|
(649)
|
(654)
|
(1 190)
|
(1 316)
|
(879)
|
721
|
(566)
|
(319)
|
1 195
|
(148)
|
(388)
|
(141)
|
(832)
|
(674)
|
(80)
|
(526)
|
(418)
|
(211)
|
(2)
|
109
|
|
Net Change in Cash |
302
N/A
|
272
-10%
|
640
+135%
|
61
-90%
|
(403)
N/A
|
337
N/A
|
(20)
N/A
|
88
N/A
|
970
+1 002%
|
122
-87%
|
338
+177%
|
5 022
+1 386%
|
1 490
-70%
|
(1 525)
N/A
|
836
N/A
|
(235)
N/A
|
815
N/A
|
(756)
N/A
|
1 739
N/A
|
3 018
+74%
|
2 782
-8%
|
1 691
-39%
|
(1 517)
N/A
|
(1 991)
-31%
|
(1 406)
+29%
|
(396)
+72%
|
1 485
N/A
|
1 154
-22%
|
1 961
+70%
|
750
-62%
|
(3 396)
N/A
|
176
N/A
|
209
+19%
|
16 791
+7 934%
|
8 078
-52%
|
(18 122)
N/A
|
(3 203)
+82%
|
155
N/A
|
(2 153)
N/A
|
(104)
+95%
|
424
N/A
|
|
Free Cash Flow | ||||||||||||||||||||||||||||||||||||||||||
Free Cash Flow |
531
N/A
|
547
+3%
|
651
+19%
|
574
-12%
|
1 521
+165%
|
2 358
+55%
|
2 395
+2%
|
2 886
+21%
|
3 400
+18%
|
2 797
-18%
|
2 854
+2%
|
6 529
+129%
|
7 411
+14%
|
6 390
-14%
|
7 561
+18%
|
7 187
-5%
|
9 110
+27%
|
9 497
+4%
|
10 004
+5%
|
8 910
-11%
|
9 995
+12%
|
10 756
+8%
|
9 749
-9%
|
9 736
0%
|
9 372
-4%
|
7 258
-23%
|
5 131
-29%
|
6 501
+27%
|
10 689
+64%
|
9 692
-9%
|
9 176
-5%
|
11 065
+21%
|
8 862
-20%
|
5 214
-41%
|
7 110
+36%
|
9 336
+31%
|
9 159
-2%
|
7 574
-17%
|
8 138
+7%
|
7 448
-8%
|
8 627
+16%
|