Anheuser-Busch InBev SA/NV (BUD) annual results, year to 31 December 2022: revenue USD 57,786 million, from the 20-F
Anheuser-Busch InBev SA/NV files a 20-F with the SEC once a year, in US dollars. In the year to 31 December 2022 it reported revenue of USD 57,786 million, up 6.4% on the year before. Its profit attributable to shareholders was USD 5,969 million, up 27.8%, and diluted earnings per share USD 2.91.
The year to 31 December 2022, against the year before
| Year to | Dec 2021 | Dec 2022 † |
|---|---|---|
| Revenue | 54,304 | 57,786 |
| Cost of sales | 23,097 | 26,305 |
| Gross profit | 31,207 | 31,481 |
| Research and development | 298 | n/a |
| Operating profit | 13,824 | 14,517 |
| Finance costs | 6,040 | 5,814 |
| Profit before tax | 8,463 | 9,524 |
| Income tax | 2,350 | 1,928 |
| Profit for the year | 6,114 | 7,597 |
| Profit attributable to shareholders | 4,670 | 5,969 |
| Filing | 20-F | 20-F |
USD million, from the 20-F on the SEC's EDGAR, linked in the last row, on the IFRS tags the company filed. A line the company does not file under the standard tag is left out rather than estimated.
USD per ordinary share, as filed.
Cash flow
| Year to | Dec 2021 | Dec 2022 † |
|---|---|---|
| Cash from operations | 14,799 | 13,298 |
| Purchase of property, plant and equipment | 5,640 | 5,160 |
| Free cash flow | 9,159 | 8,138 |
| Dividends paid | 2,364 | 2,442 |
| Filing | 20-F | 20-F |
USD million. Free cash flow is cash from operations less the purchase of property, plant and equipment, arithmetic on the two filed lines.
Balance sheet at year end
| Year to | Dec 2021 | Dec 2022 † |
|---|---|---|
| Total assets | 217,627 | 212,943 |
| Equity attributable to shareholders | 68,669 | 73,398 |
| Cash and cash equivalents | 12,097 | 9,973 |
| Trade and other receivables | 5,046 | 5,330 |
| Inventories | 5,399 | 6,612 |
| Goodwill | 115,796 | 113,010 |
| Filing | 20-F | 20-F |
USD million, at each fiscal year end.
Ratios on the filed lines
| Year to | Dec 2021 | Dec 2022 † |
|---|---|---|
| Gross margin | 57.5% | 54.5% |
| Operating margin | 25.5% | 25.1% |
| Net margin | 8.6% | 10.3% |
| Free cash flow margin | 16.9% | 14.1% |
| Return on year-end equity | 6.8% | 8.1% |
| Effective tax rate | 27.8% | 20.2% |
| Filing | 20-F | 20-F |
Arithmetic on the filed lines of the same year.
Every annual report here
- Year to 31 December 2025
- Year to 31 December 2024
- Year to 31 December 2023
- Year to 31 December 2022, this page
- Year to 31 December 2021
- Year to 31 December 2020
- Year to 31 December 2019
- Year to 31 December 2018
- Year to 31 December 2017
- Year to 31 December 2016
- Year to 31 December 2015
Source
20-F for the year to 31 December 2022, filed 12 March 2025, accession 0001193125-25-052976: the filing on EDGAR. All of Anheuser-Busch InBev SA/NV's filings: EDGAR company page. The figures are in US dollars as filed.
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