The Boston Beer Company, Inc. (SAM) quarterly cash flow statement — complete operating, investing & financing history
The Boston Beer Company, Inc. (SAM) cash flow statement — 30-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 | 76.63M | 138.01M | -20.43M | 39.92M | 101.8M | 126.5M | 1.94M | 41.9M | 115.87M | 96M | -4.88M | 32.75M | 131.26M | 118.96M | -17.82M | -25.01M | 103.45M | 162.51M | -41.01M | 5.33M |
| Operating CF Margin % | 13.8% | 22.71% | -4.71% | 7.86% | 18.94% | 21.52% | 0.43% | 10.42% | 19.14% | 16.58% | -1.15% | 8.32% | 21.82% | 19.72% | -4.35% | -5.59% | 17.34% | 26.37% | -9.53% | 1.53% |
| Operating CF Growth % | -24.73% | 9.1% | -1153.89% | -4.73% | -12.15% | 31.77% | 139.7% | 27.94% | -11.72% | -19.3% | 72.6% | 230.96% | 26.89% | -26.8% | 56.54% | -569.02% | 417.8% | 1353.6% | -307.03% | -88.01% |
| Net Income | 43.17M | 51.57M | -145.26M | -22.53M | 46.16M | 60.43M | 24.41M | -38.76M | 33.51M | 52.34M | 12.6M | -18.12M | 45.3M | 58.03M | -8.96M | -11.42M | 27.29M | 53.35M | -1.96M | -51.79M |
| Depreciation & Amortization | 20.91M | 20.98M | 21.58M | 48.63M | 22.55M | 22.36M | 22.81M | 23.09M | 23.92M | 23.58M | 23.4M | 21.54M | 23M | 21.69M | 21.91M | 20.59M | 20.86M | 20.27M | 19.63M | 21.2M |
| Stock-Based Compensation | 0 | 5.07M | 6.4M | 12.4M | 3.48M | 0 | 5.87M | 4.27M | 3.68M | 3.88M | 7.13M | 4.66M | 4.05M | 4.19M | 4.07M | 3.66M | 2.6M | 4.81M | 2.92M | 0 |
| Deferred Taxes | 178K | 8.1M | -51.54M | 14.48M | -4.98M | -7.93M | -2.59M | -642K | -19.46M | 198K | -11K | -522K | -9.17M | -747K | -430K | 6.9M | -358K | 2.54M | 21K | 4.14M |
| Other Non-Cash Items | 11.1M | -16.57M | 225.84M | -28.17M | 4.15M | 12.68M | -11.08M | 5.17M | 44.47M | 5.29M | 2.33M | 3.56M | 20.59M | 3.42M | 2.15M | 3.24M | 30.57M | 2.02M | 2.1M | 7.62M |
| Working Capital Changes | 1.27M | 68.87M | -77.46M | 15.11M | 30.44M | 38.96M | -37.49M | 48.77M | 29.75M | 10.72M | -50.33M | 21.64M | 47.51M | 32.37M | -36.58M | -47.98M | 22.49M | 79.52M | -63.73M | 24.15M |
| Change in Receivables | 39.6M | -1.66M | -29.83M | 27.22M | 8.52M | -4.99M | -26.4M | 32.87M | 31.43M | -52.45M | -6.3M | 20.91M | 29.05M | -36.94M | -23.37M | 35.7M | 26.72M | -17.5M | -46.97M | 28.25M |
| Change in Inventory | 19.22M | 4.23M | -27.03M | 9.59M | 31.22M | 9.42M | -26.83M | 47.05M | -8.58M | -2.22M | -29.34M | 27.71M | 13.16M | -6.37M | -3M | 45.32M | -32.17M | -1.81M | -11.21M | 49.88M |
| Change in Payables | -20.13M | 23.41M | 11.04M | -10.81M | -9.41M | 2.44M | 23M | -15.45M | -11.43M | 18.14M | 11.35M | -28.58M | -7.53M | 23.61M | 15.26M | -69.84M | 19.28M | 21.54M | 26.8M | -45.14M |
| Cash from Investing | -8.36M | -10.46M | -12.32M | -17.85M | -12.56M | -14.23M | -9.88M | -23.51M | -16.68M | -20.35M | -35.71M | -15.31M | -12.46M | -17.5M | -17.12M | -18.7M | -19.51M | -26.6M | -23.7M | -27.02M |
| Capital Expenditures | -8.37M | -10.54M | -12.32M | -17.85M | -12.56M | -14.23M | -9.92M | -23.51M | -16.68M | -20.35M | -15.74M | -15.31M | -13.97M | -17.5M | -17.31M | -20.27M | -19.51M | -27.04M | -23.77M | -27.03M |
| CapEx % of Revenue | 1.51% | 1.73% | 2.84% | 3.51% | 2.34% | 2.42% | 2.19% | 5.84% | 2.75% | 3.51% | 3.69% | 3.89% | 2.32% | 2.9% | 4.22% | 4.53% | 3.27% | 4.39% | 5.53% | 7.77% |
| Acquisitions | 10K | 0 | 0 | -5K | 5K | 0 | 0 | 0 | 0 | 0 | 0 | 1K | 0 | 0 | 195K | 1.57M | 0 | 0 | 0 | 15K |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 0 | 78K | 0 | -2.51M | 0 | 0 | 42K | 0 | 0 | 0 | -19.98M | 1K | 1.51M | 0 | -247K | 0 | 0 | 440K | 66K | 0 |
| Cash from Financing | -25.75M | -26.12M | -26.5M | -49.17M | -51.22M | -52.27M | -51.42M | -62.18M | -62.89M | -61.8M | -52.45M | -29.73M | -15.79M | -16.27M | -23.06M | 2.22M | 311K | -13.88M | 14.15M | 1.5M |
| Debt Issued (Net) | -245K | -266K | -581K | -440K | -440K | -428K | -420K | -413K | -411K | -505K | -557K | -1.57M | -387K | -383K | -414K | -402K | -400K | -15.39M | -475K | -389K |
| Equity Issued (Net) | -25.04M | -25.82M | -22.98M | -53.24M | -50.4M | -51.84M | -49.39M | -62.66M | -62.99M | -62.99M | -49.97M | -30.4M | -16.59M | -24.79M | -20.65M | 2.62M | 717K | 2.6M | -2.38M | 1.89M |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | -25.38M | -26.61M | -23.35M | -52.45M | -50.81M | -52.22M | -49.39M | -62.66M | -62.99M | -62.99M | -49.97M | -30.4M | -16.59M | -24.79M | -21.1M | 0 | 0 | 0 | -2.38M | 0 |
| Other Financing | -456K | -36K | -2.94M | 4.51M | -384K | -3K | -1.61M | 897K | 518K | 1.7M | -1.93M | 2.25M | 1.19M | 8.91M | -1.99M | 0 | -6K | -1.09M | 17.01M | -3K |
| Net Change in Cash | 42.52M | 101.42M | -59.25M | -27.08M | 38.02M | 59.98M | -59.37M | -43.78M | 36.31M | 13.85M | -93.05M | -12.29M | 103.02M | 85.19M | -58M | -41.49M | 84.25M | 122.03M | -50.55M | -20.18M |
| Free Cash Flow | 68.26M | 127.47M | -32.76M | 22.07M | 89.24M | 112.27M | -7.98M | 18.39M | 99.19M | 75.65M | -20.62M | 17.44M | 117.3M | 101.46M | -35.13M | -45.28M | 83.94M | 135.47M | -64.77M | -21.7M |
| FCF Margin % | 12.29% | 20.97% | -7.55% | 4.35% | 16.6% | 19.09% | -1.76% | 4.57% | 16.38% | 13.06% | -4.84% | 4.43% | 19.5% | 16.82% | -8.57% | -10.12% | 14.07% | 21.98% | -15.06% | -6.23% |
| FCF Growth % | -23.51% | 13.54% | -310.39% | 20% | -10.04% | 48.41% | 61.29% | 5.48% | -15.43% | -25.44% | 41.31% | 138.52% | 39.74% | -25.11% | 45.76% | -108.65% | 582.74% | 509.75% | -232.66% | -549.09% |
| FCF per Share | 6.68 | 12.31 | -3.13 | 2.08 | 8.24 | 10.14 | -0.71 | 1.61 | 8.49 | 6.36 | -1.71 | 1.43 | 9.59 | 8.27 | -2.85 | -3.67 | 6.80 | 10.98 | -5.27 | -1.75 |
| FCF Conversion (FCF/Net Income) | 1.78x | 2.68x | 0.14x | -1.77x | 2.21x | 2.09x | 0.08x | -1.08x | 3.46x | 1.83x | -0.39x | -1.81x | 2.90x | 2.05x | 1.99x | 2.19x | 3.79x | 3.05x | 20.97x | -0.10x |
| 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 | 773K | 0 | 0 | 0 | 0 | 0 | 0 | 23.36M | 0 | 0 | 0 | 12.38M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |