Brown-Forman Corporation
Cash Flow Statement
| Line Item | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $717.0M | $669.0M | $1.07B | $684.0M | $659.0M | $591.0M | $513.0M | $572.0M |
| Depreciation & Amortization | $64.0M | $58.0M | $56.0M | $51.0M | $50.0M | $51.0M | $49.0M | $56.0M |
| Depreciation | — | — | — | — | — | — | — | — |
| Amortization | — | — | — | — | $0 | $0 | $3.0M | $5.0M |
| Stock-Based Compensation | $19.0M | $14.0M | $15.0M | $15.0M | $13.0M | $11.0M | $9.0M | $9.0M |
| Net Cash from Operating Activities | $653.0M | $656.0M | $524.0M | $608.0M | $649.0M | $537.0M | $516.0M | $527.0M |
| Investing Activities | ||||||||
| Capital Expenditures | $127.0M | $112.0M | $108.0M | $120.0M | $126.0M | $95.0M | $58.0M | $39.0M |
| Business Acquisitions | $0 | $307.0M | $0 | $0 | — | — | — | — |
| Net Cash from Investing Activities | $-149.0M | $-439.0M | $433.0M | — | — | $-97.0M | $-68.0M | $203.0M |
| Financing Activities | ||||||||
| Dividends Paid | $773.0M | $274.0M | $266.0M | $256.0M | $233.0M | $1.06B | $192.0M | $326.0M |
| Stock Repurchases | $1.0M | $561.0M | $1.11B | $462.0M | $49.0M | $0 | $220.0M | $136.0M |
| Net Cash from Financing Activities | $-466.0M | $-285.0M | $-1.06B | — | — | $-576.0M | $-662.0M | $-406.0M |
| Net Change in Cash | $57.0M | $-81.0M | $-107.0M | $-67.0M | $233.0M | $-134.0M | $-229.0M | $335.0M |
| Free Cash Flow | $526.0M | $544.0M | $416.0M | $488.0M | $523.0M | $442.0M | $458.0M | $488.0M |