THE BOSTON BEER COMPANY, INC.
Cash Flow Statement
| Line Item | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | FY2010 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $99.0M | $87.3M | $98.4M | $90.7M | $70.4M | $59.5M | $66.1M | $50.1M |
| Depreciation & Amortization | $51.3M | $49.6M | $42.9M | $35.1M | $25.9M | $20.2M | $18.8M | $17.4M |
| Depreciation | $51.2M | $49.3M | $43.4M | $34.8M | $25.7M | $20.2M | $18.1M | $17.3M |
| Amortization | — | — | — | — | — | — | — | — |
| Stock-Based Compensation | $6.3M | $6.1M | $6.7M | $6.9M | $7.3M | $6.5M | $6.2M | $3.1M |
| Net Cash from Operating Activities | $136.0M | $154.2M | $168.7M | $141.2M | $100.0M | $95.3M | $72.8M | $67.8M |
| Investing Activities | ||||||||
| Capital Expenditures | $33.0M | $49.9M | $74.2M | $151.8M | $100.7M | $66.0M | $19.6M | $13.6M |
| Business Acquisitions | — | — | $100.0K | $100.0K | $2.8M | $1.7M | — | — |
| Net Cash from Investing Activities | $-32.9M | $-46.0M | — | — | $-103.3M | $-67.3M | $-19.6M | $-13.6M |
| Financing Activities | ||||||||
| Dividends Paid | — | — | — | — | — | — | — | — |
| Stock Repurchases | $144.6M | $164.7M | $135.7M | $7.9M | $29.6M | $18.0M | $62.8M | $68.0M |
| Net Cash from Financing Activities | $-128.5M | $-111.3M | — | — | $-21.6M | $-3.0M | $-52.7M | $-60.8M |
| Net Change in Cash | $-25.4M | $-3.2M | $17.8M | $26.9M | $-24.9M | $25.0M | $481.0K | $-6.5M |
| Free Cash Flow | $103.0M | $104.3M | $94.5M | $-10.6M | $-673.0K | $29.3M | $53.2M | $54.2M |