Brown-Forman Corporation (BF-B) quarterly cash flow statement — complete operating, investing & financing history
Brown-Forman Corporation (BF-B) cash flow statement — 30-year operating, investing & financing cash flows
| Metric | Q1'27 | Q4'26 | 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 |
|---|
| Cash from Operations | 173M | 291M | 417M | 132M | 160M | 152M | 317M | 112M | 17M | 285M | 265M | 59M | 38M | 230M | 94M | 143M | 173M | 253M | 348M | 150M |
| Operating CF Margin % | 18.99% | 31.91% | 39.49% | 12.74% | 17.32% | 17% | 30.63% | 10.23% | 1.79% | 29.56% | 24.79% | 5.33% | 3.66% | 21.99% | 8.7% | 13.07% | 17.18% | 25.4% | 33.56% | 15.09% |
| Operating CF Growth % | 8.13% | 91.45% | 31.55% | 17.86% | 841.18% | -46.67% | 19.62% | 89.83% | -55.26% | 23.91% | 181.91% | -58.74% | -78.03% | -9.09% | -72.99% | -4.67% | -6.49% | 3.27% | 20.42% | -21.88% |
| Net Income | 176M | 54M | 267M | 224M | 170M | 146M | 270M | 258M | 195M | 266M | 285M | 242M | 231M | 207M | 100M | 227M | 249M | 151M | 259M | 236M |
| Depreciation & Amortization | 23M | 0 | 24M | 22M | 22M | 21M | 22M | 22M | 22M | 21M | 25M | 20M | 21M | 21M | 20M | 19M | 20M | 19M | 20M | 21M |
| Stock-Based Compensation | 4M | 0 | 10M | 8M | 4M | 8M | 7M | 9M | 4M | 7M | 7M | 7M | 4M | 5M | 4M | 5M | 4M | 4M | 4M | 3M |
| Deferred Taxes | -9M | 0 | -2M | -19M | -8M | 4M | -31M | -7M | -5M | 15M | 18M | -27M | 12M | 3M | 2M | -11M | 3M | -8M | 20M | -36M |
| Other Non-Cash Items | 7M | 237M | -9M | -134M | 3M | -13M | -74M | -363M | -6M | -153M | -89M | 7M | -9M | 1M | 80M | 22M | 11M | 68M | 7M | 7M |
| Working Capital Changes | -28M | 0 | 127M | 31M | -31M | -14M | 123M | 193M | -193M | 129M | 19M | -190M | -221M | -7M | -112M | -119M | -114M | 19M | 38M | -81M |
| Change in Receivables | 7M | 0 | 78M | -191M | -13M | 36M | 88M | -152M | -42M | 109M | 82M | -88M | -15M | 85M | -12M | -63M | -31M | -18M | 127M | -131M |
| Change in Inventory | -39M | 0 | 30M | 7M | -61M | -3M | 15M | 15M | -91M | -29M | 17M | -110M | -227M | -115M | -101M | -86M | -101M | -60M | 18M | -26M |
| Change in Payables | -82M | 0 | 14M | 109M | -46M | 24M | 6M | 34M | -104M | 38M | -38M | 22M | -53M | 11M | 21M | 94M | -49M | 69M | -75M | 79M |
| Cash from Investing | -13M | -23M | -25M | -25M | 2M | -35M | 305M | -31M | 10M | -14M | 124M | -17M | -44M | -55M | -1.24B | -24M | -34M | -64M | -28M | -20M |
| Capital Expenditures | -12M | -26M | -25M | -25M | -31M | -50M | -45M | -31M | -41M | -80M | -69M | -30M | -49M | -66M | -55M | -28M | -34M | -73M | -30M | -20M |
| CapEx % of Revenue | 1.32% | 2.85% | 2.37% | 2.41% | 3.36% | 5.59% | 4.35% | 2.83% | 4.31% | 8.3% | 6.45% | 2.71% | 4.72% | 6.31% | 5.09% | 2.56% | 3.38% | 7.33% | 2.89% | 2.01% |
| Acquisitions | 0 | 0 | 0 | -33M | 33M | -51M | 0 | 0 | 0 | 52M | 194M | 13M | 0 | -12M | -1.2B | 4M | 0 | -2M | 2M | 0 |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | -1M | 3M | 0 | 33M | 0 | 66M | 83M | 0 | 51M | 14M | -1M | 0 | 5M | 23M | 8M | 0 | 0 | 11M | 0 | 0 |
| Cash from Financing | -164M | -337M | -338M | -261M | -138M | -297M | -417M | -78M | -51M | -406M | -189M | -73M | 50M | -229M | 467M | 95M | -94M | -108M | -568M | -221M |
| Debt Issued (Net) | -54M | -231M | 71M | -54M | -30M | -190M | -310M | 29M | 54M | -300M | 272M | 67M | 153M | -120M | 566M | 186M | 0 | -15M | 3M | -134M |
| Equity Issued (Net) | 0 | 0 | -301M | -99M | -1M | 0 | 0 | 0 | -2M | 4M | -358M | -42M | -4M | 0 | 5M | -5M | -4M | 0 | -2M | -1M |
| Dividends Paid | -106M | -106M | -107M | -107M | -107M | -107M | -107M | -103M | -103M | -104M | -103M | -98M | -99M | -99M | -99M | -90M | -90M | -90M | -569M | -86M |
| Share Repurchases | 0 | 0 | -301M | -99M | -1M | 0 | 0 | 0 | -2M | 4M | -358M | -42M | -4M | 0 | 0 | 0 | -4M | 0 | -2M | -1M |
| Other Financing | -4M | 0 | -1M | -1M | 0 | 0 | 0 | -4M | 0 | -6M | 0 | 0 | 0 | -10M | -5M | 4M | 0 | -3M | -2M | 0 |
| Net Change in Cash | -7M | -94M | 64M | -152M | 27M | -157M | 194M | 0 | -30M | -143M | 216M | -53M | 52M | -44M | -668M | 191M | 37M | 56M | -261M | -99M |
| Free Cash Flow | 161M | 265M | 392M | 107M | 129M | 102M | 272M | 81M | -24M | 205M | 196M | 29M | -11M | 164M | 39M | 115M | 139M | 180M | 318M | 130M |
| FCF Margin % | 17.67% | 29.06% | 37.12% | 10.33% | 13.96% | 11.41% | 26.28% | 7.4% | -2.52% | 21.27% | 18.33% | 2.62% | -1.06% | 15.68% | 3.61% | 10.51% | 13.8% | 18.07% | 30.67% | 13.08% |
| FCF Growth % | 24.81% | 159.8% | 44.12% | 32.1% | 637.5% | -50.24% | 38.78% | 179.31% | -118.18% | 25% | 402.56% | -74.78% | -107.91% | -8.89% | -87.74% | -11.54% | -18.24% | -19.64% | 14.8% | -26.97% |
| FCF per Share | 0.35 | 0.58 | 0.83 | 0.23 | 0.27 | 0.22 | 0.58 | 0.17 | -0.05 | 0.43 | 0.41 | 0.06 | -0.02 | 0.34 | 0.08 | 0.24 | 0.29 | 0.37 | 0.66 | 0.27 |
| FCF Conversion (FCF/Net Income) | 0.98x | 5.39x | 1.56x | 0.59x | 0.94x | 1.04x | 1.17x | 0.43x | 0.09x | 1.07x | 0.93x | 0.24x | 0.16x | 1.11x | 0.94x | 0.63x | 0.69x | 1.68x | 1.34x | 0.64x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |