Financial Statements — BUD
Balance Sheet
(in billions USD)| Metric | Q2
2025 | Q2
2024 | Q2
2023 | Q2
2022 | Q2
2021 |
|---|
| Cash & Equivalents | 7.17 | 7.39 | 6.85 | 7.03 | 6.79 |
| Inventory | 5.48 | 5.57 | 6.84 | 6.11 | 5.36 |
| Total Current Assets | 21.22 | 21.03 | 21.48 | 20.72 | 19.50 |
| Goodwill | 114.78 | 113.45 | 116.17 | 115.39 | 119.17 |
| Total Non-current Assets | 189.89 | 189.69 | 194.87 | 191.68 | 197.97 |
| Total Assets | 211.11 | 210.72 | 216.35 | 212.40 | 217.48 |
| Total Current Liabilities | 33.01 | 30.57 | 33.77 | 30.89 | 30.07 |
| Total Non-current Liabilities | 86.68 | 90.91 | 93.80 | 98.76 | 107.84 |
| Total Liabilities* | 119.69 | 121.48 | 127.57 | 129.65 | 137.91 |
| Retained Earnings | 47.64 | 43.54 | 39.27 | 34.44 | 31.59 |
| Total Stockholder Equity | 91.41 | 89.24 | 88.78 | 82.75 | 79.56 |
* Derived from reported values
Income Statement
(in billions USD) (except per-share rows)| Metric | Q2
2025 | Q2
2024 | Q2
2023 | Q2
2022 | Q2
2021 |
|---|
| Total Revenue | 28.63 | 29.88 | 29.33 | 28.03 | 25.83 |
| Cost of Revenue* | 12.60 | 13.42 | 13.54 | 12.78 | 10.96 |
| Gross Profit | 16.03 | 16.46 | 15.80 | 15.24 | 14.87 |
| Total Operating Expenses* | 8.52 | 9.03 | 8.83 | 8.24 | 8.32 |
| Operating Income | 7.51 | 7.43 | 6.97 | 7.00 | 6.55 |
| Interest Expense | 1.59 | 1.75 | 1.86 | 1.77 | 1.88 |
| Pretax Income | 5.97 | 4.78 | 3.85 | 3.72 | 4.31 |
| Tax Provision | 1.40 | 1.55 | 1.19 | 1.24 | 1.23 |
| Net Income | 4.57 | 3.24 | 2.66 | 2.47 | 3.07 |
| Basic EPS | 1.92 | 1.28 | 0.98 | 0.84 | 1.23 |
| Diluted EPS | 1.89 | 1.25 | 0.96 | 0.83 | 1.20 |
* Derived from reported values
Cash Flow Statement
(in billions USD)| Metric | Q2
2025 | Q2
2024 | Q2
2023 | Q2
2022 | Q2
2021 |
|---|
| Operating Cash Flow | 2.70 | 2.57 | 1.60 | 2.18 | 3.94 |
| Investing Cash Flow | (1.31) | (1.73) | (2.06) | (1.92) | (2.21) |
| Financing Cash Flow | (5.84) | (3.31) | (2.82) | (5.39) | (10.11) |
