Ambev S.A. (ABEV) quarterly cash flow statement — complete operating, investing & financing history
Ambev S.A. (ABEV) cash flow statement — 26-year operating, investing & financing cash flows
| Metric | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 |
|---|
| Cash from Operations | 7.68B | 4.71B | 3.16B | 13.25B | 6.92B | 3.05B | 1.2B | 13.91B | 8.11B | 3.36B | 718.2M | 13.95B | 7.92B | 3.42B | -576.3M | 11.81B | 6.11B | 2.2B | 519.76M | 11.79B |
| Operating CF Margin % | 35.55% | 23.38% | 14.07% | 53.42% | 33.19% | 15.18% | 5.35% | 51.47% | 36.7% | 16.75% | 3.54% | 69.78% | 39% | 18.07% | -2.81% | 52.05% | 29.68% | 12.24% | 2.82% | 53.58% |
| Operating CF Growth % | 10.97% | 54.47% | 162.54% | -4.76% | -14.67% | -9.18% | 67.64% | -0.25% | 2.34% | -1.69% | 224.62% | 18.1% | 29.69% | 55.1% | -210.88% | 0.16% | -4.51% | 17.54% | -81.68% | 40.49% |
| Net Income | 4.37B | 3.47B | 3.89B | 4.53B | 4.86B | 2.79B | 3.8B | 5.02B | 3.57B | 2.45B | 3.7B | 4.39B | 4.01B | 2.6B | 3.82B | 5.08B | 3.22B | 3.06B | 3.53B | 3.75B |
| Depreciation & Amortization | 1.69B | 1.53B | 1.6B | 1.82B | 1.6B | 1.7B | 1.71B | 2.04B | 1.73B | 1.72B | 1.63B | 1.51B | 1.67B | 1.7B | 1.53B | 1.63B | 1.52B | 1.47B | 1.33B | 1.46B |
| Stock-Based Compensation | 114.22M | 97.43M | 93.12M | 148.09M | 100M | 107.1M | 98.97M | 113.66M | 102.76M | 83.19M | 101.3M | 61.93M | 87.76M | 104.71M | 77.2M | 95.97M | 66.95M | 73.05M | 77.93M | 80M |
| Deferred Taxes | 928.24M | 864.5M | 1.1B | 1.45B | 447.63M | 629.1M | 1.12B | 2.01B | 1.15B | 1.03B | 726.5M | 910.46M | 87.8M | -160.8M | 116.8M | -755.9M | -411.1M | 474.57M | 36.78M | 357.2M |
| Other Non-Cash Items | -484.31M | -308.31M | 62.69M | 1.01B | -785.32M | 86.1M | -1.19B | -78.92M | 515.35M | 114.91M | -746.18M | 2.01B | 1.16B | 581.7M | -1.27B | 2.18B | 1.3B | 755.77M | -1.42B | 749M |
| Working Capital Changes | 1.06B | -947.99M | -3.58B | 4.3B | 693.61M | -2.27B | -4.34B | 4.8B | 1.04B | -2.04B | -3.97B | 5.06B | 896.8M | -1.41B | -4.84B | 3.57B | 412.3M | -3.63B | -3.03B | 5.4B |
| Change in Receivables | -250.49M | 689.13M | -27.05M | -1.1B | -136.98M | 208.7M | 712.6M | 485.2M | 19.18M | -370.76M | 86.78M | -792.4M | -373.09M | 47.95M | -256.34M | 513.03M | -815.68M | -877.01M | 857.14M | 1.1B |
| Change in Inventory | 262.19M | -220.37M | -242.71M | 4.97M | 519.32M | 457.2M | -1.01B | -432.13M | 78.93M | -357.86M | -991.5M | 466.81M | 996.5M | 333.8M | -496.4M | -851.4M | -60.64M | -923.85M | -1.25B | -1.53B |
| Change in Payables | 0 | -1.42B | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -3.06B | 5.39B | 273.35M | -1.79B | -4.09B | 3.91B | 1.29B | -1.83B | -2.64B | 5.82B |
| Cash from Investing | -2.08B | -850.96M | -2.42B | -2.03B | -1.17B | -961.3M | -784.45M | -1.47B | -1.13B | -1.08B | -1.78B | -2.26B | -1.21B | -1.22B | -1.08B | -1.1B | -1.65B | -1.95B | -307.2M | -2.68B |
| Capital Expenditures | -1.13B | -879.88M | -466.86M | -1.63B | -1.04B | -1.09B | -828.15M | -1.52B | -1.19B | -1.03B | -1.02B | -2.27B | -1.28B | -1.3B | -1.15B | -2.04B | -1.86B | -1.75B | -888.54M | -3.01B |
| CapEx % of Revenue | 5.25% | 4.37% | 2.08% | 6.57% | 5.01% | 5.42% | 3.68% | 5.62% | 5.37% | 5.13% | 5.01% | 11.37% | 6.31% | 6.86% | 5.62% | 8.97% | 9.01% | 9.75% | 4.82% | 13.68% |
| Acquisitions | 57.25M | 0 | -2.02B | -293.21M | 241.82M | 100K | -40.27M | 6.93M | -186K | 3.84M | -278K | 70.35M | -46.5M | 34.45M | 23.83M | -100K | 15K | -552K | -2.38M | -18.9M |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 37.87M | 109.03M | 33.67M | 61.66M | 43.39M | 126.8M | 32.73M | 52.94M | 20.1M | -54.8M | 36.28M | 400K | 23.41M | -46K | 70K | 35.9M | 39.81M | 35.93M | 37.27M | 223.9M |
| Cash from Financing | -3.02B | -4.47B | -1.2B | -10.74B | -3.22B | -3.96B | -8.83B | -5.26B | -1.09B | -1.7B | -2.3B | -11.99B | -1.4B | -1.71B | -1.02B | -12.68B | -926.49M | -11.45M | -2.72B | -10.49B |
| Debt Issued (Net) | -287.67M | -29.36M | -316.87M | -309.73M | -333.99M | -291.6M | -343.37M | -354.35M | -350.03M | -770.27M | 28.35M | -389.6M | -361.2M | -346.46M | -260.52M | -239.74M | -250.24M | -167.33M | -152.78M | -306.3M |
| Equity Issued (Net) | -615.98M | -2.24B | -398.6M | -90.87M | 27K | -776.7M | -1.03B | -100.03M | -228K | -291.1M | -58.74M | -39.84M | -54.1M | -20.23M | -4.85M | -21.45M | -630K | -48M | -7.79M | -1.33M |
| Dividends Paid | -1.38B | -1.18B | -1.52M | -9.69B | -2.08B | -2.08B | -6.61B | -3.87B | -89.95M | -85.96M | -11.6M | -11.63B | -125.38M | -128.61M | -38.17M | -11.96B | -117.57M | -142.92M | -22.01M | -9.62B |
| Share Repurchases | -680.41M | -2.24B | -413.46M | -90.87M | 0 | -774.6M | -1.06B | -100.05M | -228K | -291.1M | -76.2M | -39.85M | -54.1M | -20.23M | -4.85M | 2.34M | -630K | -48M | -7.79M | -1.33M |
| Other Financing | -735.84M | -1.02B | -487.52M | -645.95M | -807.5M | -810.8M | -839.24M | -939.5M | -647.68M | -551.9M | -2.26B | 68.96M | -861.35M | -1.21B | -712.79M | -459.28M | -558.05M | 346.8M | -2.54B | -599.2M |
| Net Change in Cash | 2.58B | -1.38B | -646.35M | 330.5M | 1.9B | -2.71B | -9.48B | 8.81B | 5.63B | 1.31B | -3.21B | -1.35B | 5.4B | -43.9M | -2.8B | -2.42B | 3.66B | 814.22M | -3.8B | -1.15B |
| Free Cash Flow | 6.54B | 3.83B | 2.69B | 11.62B | 5.88B | 1.96B | 375.82M | 12.39B | 6.92B | 2.33B | -297.7M | 11.68B | 6.64B | 2.12B | -1.73B | 9.78B | 4.25B | 449.11M | -368.78M | 8.78B |
| FCF Margin % | 30.31% | 19.02% | 11.99% | 46.85% | 28.18% | 9.77% | 1.67% | 45.85% | 31.33% | 11.62% | -1.47% | 58.41% | 32.68% | 11.22% | -8.42% | 43.08% | 20.66% | 2.5% | -2% | 39.9% |
| FCF Growth % | 11.4% | 95.31% | 616.84% | -6.24% | -15.13% | -15.8% | 226.24% | 6.15% | 4.25% | 9.91% | 82.78% | 19.45% | 56.12% | 372.04% | -368.92% | 11.31% | -9.47% | 92.09% | -124.43% | 25.47% |
| FCF per Share | 0.42 | 0.25 | 0.17 | 0.74 | 0.37 | 0.12 | 0.02 | 0.78 | 0.44 | 0.15 | -0.02 | 0.74 | 0.42 | 0.13 | -0.11 | 0.62 | 0.27 | 0.03 | -0.02 | 0.55 |
| FCF Conversion (FCF/Net Income) | 1.81x | 1.39x | 0.84x | 3.05x | 1.46x | 1.12x | 0.33x | 2.85x | 2.34x | 1.40x | 0.19x | 3.18x | 2.03x | 1.36x | -0.16x | 2.38x | 1.97x | 0.74x | 0.15x | 3.27x |
| Interest Paid | 0 | -154.42M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | -863.88M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |