Brown-Forman Corporation
Cash Flow Statement
| Line Item | Jul 2026 | Apr 2026 | Jan 2026 | Oct 2025 | Jul 2025 | Apr 2025 | Jan 2025 | Oct 2024 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $176.0M | $54.0M | $267.0M | $224.0M | $170.0M | $146.0M | $270.0M | $258.0M |
| Depreciation & Amortization | $23.0M | $24.0M | $24.0M | $22.0M | $22.0M | $21.0M | $22.0M | $22.0M |
| Depreciation | — | — | — | — | — | — | — | — |
| Amortization | — | — | — | — | — | — | — | — |
| Stock-Based Compensation | $4.0M | $10.0M | $10.0M | $8.0M | $4.0M | $8.0M | $7.0M | $9.0M |
| Net Cash from Operating Activities | $173.0M | $291.0M | $417.0M | $132.0M | $160.0M | $152.0M | $317.0M | $112.0M |
| Investing Activities | ||||||||
| Capital Expenditures | $12.0M | $26.0M | $25.0M | $25.0M | $31.0M | $50.0M | $45.0M | $31.0M |
| Business Acquisitions | — | — | — | — | — | — | — | — |
| Net Cash from Investing Activities | $-13.0M | $-23.0M | $-25.0M | $-25.0M | $2.0M | $-35.0M | $305.0M | $-31.0M |
| Financing Activities | ||||||||
| Dividends Paid | $106.0M | $106.0M | $107.0M | $107.0M | $107.0M | $107.0M | $107.0M | $103.0M |
| Stock Repurchases | — | — | — | — | — | — | — | — |
| Net Cash from Financing Activities | $-164.0M | $-337.0M | $-338.0M | $-261.0M | $-138.0M | $-297.0M | $-417.0M | $-78.0M |
| Net Change in Cash | $-7.0M | $-75.0M | $64.0M | $-152.0M | $27.0M | $-157.0M | $194.0M | $0 |
| Free Cash Flow | $161.0M | $265.0M | $392.0M | $107.0M | $129.0M | $102.0M | $272.0M | $81.0M |