Anheuser-Busch InBev SA/NV
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $6.84B | $5.86B | $5.34B | $5.97B | $4.67B | $1.41B | $9.17B | $4.37B |
| Depreciation & Amortization | — | — | — | — | — | — | — | — |
| Depreciation | — | — | — | — | — | — | — | — |
| Amortization | — | — | — | — | — | — | — | — |
| Stock-Based Compensation | $625.0M | $644.0M | $570.0M | $448.0M | $510.0M | $169.0M | $340.0M | $353.0M |
| Net Cash from Operating Activities | $14.88B | $15.06B | $13.27B | $13.30B | $14.80B | $10.89B | $14.04B | $15.06B |
| Investing Activities | ||||||||
| Capital Expenditures | $3.66B | $3.86B | $4.64B | $5.16B | $5.64B | $3.78B | $5.17B | $5.01B |
| Business Acquisitions | — | — | — | — | — | — | — | — |
| Net Cash from Investing Activities | $-3.44B | $-3.26B | $-4.39B | $-4.34B | $-5.88B | $6.34B | $-4.93B | $-3.97B |
| Financing Activities | ||||||||
| Dividends Paid | — | — | — | — | — | — | — | — |
| Stock Repurchases | $2.60B | $900.0M | — | — | — | — | — | — |
| Net Cash from Financing Activities | $-11.45B | $-9.85B | $-8.56B | $-10.90B | $-11.60B | $-8.48B | $-8.76B | $-14.35B |
| Net Change in Cash | — | — | — | — | — | — | — | — |
| Free Cash Flow | $11.23B | $11.19B | $8.63B | $8.14B | $9.16B | $7.11B | $8.86B | $10.06B |