THE BOSTON BEER COMPANY, INC.
Cash Flow Statement
| Line Item | Jun 2026 | Mar 2026 | Sep 2025 | Jun 2025 | Mar 2025 | Sep 2024 | Jun 2024 | Mar 2024 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $51.6M | $-145.3M | $46.2M | $60.4M | $24.4M | $33.5M | $52.3M | $12.6M |
| Depreciation & Amortization | — | $21.6M | — | — | $22.8M | — | — | $23.4M |
| Depreciation | — | — | — | — | — | — | — | — |
| Amortization | $400.0K | $400.0K | $400.0K | $400.0K | $400.0K | $63.0K | $63.0K | $63.0K |
| Stock-Based Compensation | $5.1M | $6.4M | $3.5M | $5.1M | $5.9M | $3.7M | $3.9M | $7.1M |
| Net Cash from Operating Activities | $138.0M | $-20.4M | $101.8M | $126.5M | $1.9M | $115.9M | $96.0M | $-4.9M |
| Investing Activities | ||||||||
| Capital Expenditures | $10.5M | $12.3M | $12.6M | $14.2M | $9.9M | $16.7M | $20.4M | $15.7M |
| Business Acquisitions | — | — | — | — | — | — | — | — |
| Net Cash from Investing Activities | — | $-12.3M | — | — | $-9.9M | — | — | $-35.7M |
| Financing Activities | ||||||||
| Dividends Paid | — | — | — | — | — | — | — | — |
| Stock Repurchases | — | $23.3M | — | — | $49.4M | — | — | $50.0M |
| Net Cash from Financing Activities | — | $-26.5M | — | — | $-51.4M | — | — | $-52.4M |
| Net Change in Cash | — | $-59.3M | — | — | $-59.4M | — | — | $-93.0M |
| Free Cash Flow | $127.5M | $-32.8M | $89.2M | $112.2M | $-8.0M | $99.2M | $75.6M | $-20.6M |