Anheuser-Busch InBev SA/NV (BUD) balance sheet
NYSE · Consumer Defensive · Beverages - Alcoholic · 136,805 employees · CEO Michel Dimitrios Doukeris
- Price
- $80.38 +1.08%
- Market cap
- $160B
- Enterprise value
- $205B
- Last report
- Q4 '26 filed 2026-10-29
At the end of Q2 '26 Anheuser-Busch InBev SA/NV (BUD) held $7.91B in cash and short-term investments against $72.3B of debt incl. leases. Total assets $218B, total liabilities $117B, shareholders' equity $93.5B.
Balance sheet
| Balance sheet | Trend | Q4 '20 | Q2 '21 | Q4 '21 | Q2 '22 | Q4 '22 | Q2 '23 | Q4 '23 | Q2 '24 | Q4 '24 | Q2 '25 | Q4 '25 | Q2 '26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||||||
| Cash & equivalents | $15.2B | $6.79B | $12B | $7.03B | $9.9B | $6.85B | $10.3B | $7.39B | $11.2B | $7.06B | $11.6B | $7.55B | |
| Short-term investments | $396M | $286M | $374M | $334M | $97M | $85M | $67M | $252M | $221M | $205M | $306M | $353M | |
| Receivables | $3.4B | $4B | $3.56B | $4.1B | $3.71B | $4.67B | $6.37B | $6.68B | $5.51B | $7.08B | $6.38B | $7.26B | |
| Inventory | $4.48B | $5.36B | $5.28B | $6.11B | $6.53B | $6.84B | $5.58B | $5.57B | $5.02B | $5.48B | $5.11B | $5.53B | |
| Other current assets | $2.63B | $2.62B | $2.17B | $2.62B | $2.39B | $2.52B | $539M | $499M | $586M | $607M | $772M | $783M | |
| Current assets | $26.5B | $19.5B | $23.9B | $20.7B | $23.2B | $21.5B | $23.4B | $21B | $23B | $21.2B | $24.8B | $22.2B | |
| Property, plant & equipment (net) | $26.4B | $26.6B | $26.7B | $26.3B | $26.7B | $27.2B | $26.8B | $25.1B | $23.5B | $23.9B | $23.7B | $23B | |
| Long-term investments | $6.28B | $6.15B | $6.04B | $4.7B | $4.83B | $4.91B | $5.05B | $5.05B | $4.78B | $5.03B | $7.18B | $5.23B | |
| Goodwill | $121B | $119B | $116B | $115B | $113B | $116B | $117B | $113B | $110B | $115B | $118B | $120B | |
| Intangible assets | $41.5B | $41.1B | $40.4B | $40.4B | $40.2B | $41B | $41.3B | $40.7B | $40B | $41.1B | $42B | $42.3B | |
| Deferred tax assets | $2.02B | $2.1B | $1.97B | $2.23B | $2.3B | $2.84B | $2.94B | $2.77B | $2.49B | $2.73B | $2.71B | $2.77B | |
| Other non-current assets | $2.68B | $2.86B | $2.77B | $2.61B | $2.74B | $2.8B | $2.84B | $2.63B | $2.35B | $2.4B | $595M | $2.93B | |
| Non-current assets | $200B | $198B | $194B | $192B | $190B | $195B | $196B | $190B | $184B | $190B | $194B | $196B | |
| Total assets | $226B | $217B | $218B | $212B | $213B | $216B | $219B | $211B | $207B | $211B | $219B | $218B | |
| Liabilities | |||||||||||||
| Accounts payable | $15.9B | $22.7B | $17.8B | $22.7B | $18.6B | $23.3B | $17.7B | $21.7B | $16B | $22.2B | $25.5B | $24.6B | |
| Accrued expenses | $6.06B | $0 | $6.72B | $0 | $6.73B | $0 | $7.04B | $0 | $1.34B | $0 | $32M | $0 | |
| Short-term debt | $2.95B | $1.03B | $1.11B | $945M | $775M | $2.07B | $3.3B | $1.61B | $893M | $3.01B | $899M | $2.78B | |
| Taxes payable | $3.67B | $982M | $3.79B | $1.08B | $4.21B | $1.26B | $1.58B | $1.14B | $4.37B | $1.39B | $0 | $1.24B | |
| Deferred revenue | $27M | $0 | $51M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Other current liabilities | $7.04B | $5.86B | $8.09B | $6.73B | $7.76B | $7.7B | $8.39B | $5.46B | $6.08B | $5.84B | $6.26B | $4.23B | |
| Current liabilities | $32.4B | $30.1B | $34.2B | $30.9B | $34.4B | $33.8B | $37.2B | $30.6B | $33.1B | $33B | $34.5B | $33.5B | |
| Long-term debt | $93.6B | $87.4B | $85.5B | $80.3B | $76.9B | $76.3B | $72B | $74.1B | $69B | $70.2B | $72.1B | $67.3B | |
| Lease obligations (non-current) | $1.84B | $1.93B | $1.83B | $1.86B | $1.96B | $2.03B | $2.13B | $1.88B | $1.75B | $1.75B | $0 | $1.61B | |
| Deferred revenue (non-current) | $7.6B | $5.97B | $0 | $0 | $0 | $3.47B | $0 | $0 | $1M | $0 | $0 | $0 | |
| Deferred tax liabilities | $12.6B | $12.5B | $12.2B | $12.1B | $11.8B | $12B | $11.9B | $11.8B | $11.3B | $11.4B | $11.4B | $11.6B | |
| Other non-current liabilities | $0 | $0 | $4.53B | $4.57B | $3.58B | $0 | $3.47B | $3.21B | $2.83B | $3.32B | $3.07B | $3.25B | |
| Non-current liabilities | $116B | $108B | $104B | $98.8B | $94.3B | $93.8B | $89.5B | $90.9B | $84.9B | $86.7B | $86.6B | $83.7B | |
| Total liabilities | $148B | $138B | $138B | $130B | $129B | $128B | $127B | $121B | $118B | $120B | $121B | $117B | |
| Equity | |||||||||||||
| Common stock & paid-in capital | $1.74B | $1.74B | $1.74B | $1.74B | $1.74B | $1.74B | $1.74B | $1.74B | $1.74B | $1.74B | $1.74B | $1.74B | |
| Retained earnings | $30.9B | $31.6B | $33.9B | $34.4B | $38.8B | $39.3B | $42.2B | $43.5B | $46.6B | $47.6B | $50.1B | $51.7B | |
| Accumulated other comprehensive income | $17.8B | $21.9B | $19.4B | $21.6B | $18.9B | $22.2B | $23.7B | $19.8B | $16.2B | $17.8B | $22.9B | $26B | |
| Shareholders' equity | $68B | $68.6B | $68.7B | $71.6B | $73.4B | $77.5B | $81.8B | $78.5B | $78.2B | $80.7B | $87.3B | $93.5B | |
| Debt | |||||||||||||
| Total debt (incl. leases) | $98.6B | $90.6B | $88.8B | $83.4B | $80B | $80.9B | $78.2B | $78.2B | $72.2B | $75.6B | $73B | $72.3B | |
| Net debt (debt - cash) | $83.4B | $83.8B | $76.8B | $76.4B | $70.1B | $74.1B | $67.8B | $70.9B | $61B | $68.5B | $61.4B | $64.8B | |
| Balance sheet | Trend | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||||
| Cash & equivalents | $8.58B | $10.5B | $7.07B | $7.24B | $15.2B | $12B | $9.9B | $10.3B | $11.2B | $11.6B | |
| Short-term investments | $5.66B | $1.3B | $87M | $92M | $396M | $374M | $97M | $67M | $221M | $306M | |
| Receivables | $7.19B | $4.92B | $6.5B | $4.17B | $3.4B | $3.56B | $5.73B | $4.42B | $5.51B | $6.38B | |
| Inventory | $3.82B | $4.02B | $4.11B | $4.32B | $4.48B | $5.4B | $6.53B | $5.58B | $5.02B | $5.11B | |
| Other current assets | $17.4B | $2.72B | $54M | $12.3B | $2.63B | $2.17B | $433M | $2.49B | $586M | $772M | |
| Current assets | $43.1B | $24B | $18.3B | $28.8B | $26.5B | $23.9B | $23.2B | $23.4B | $23B | $24.8B | |
| Property, plant & equipment (net) | $27.5B | $27.2B | $25.9B | $27.5B | $26.4B | $26.7B | $26.7B | $26.8B | $23.5B | $23.7B | |
| Long-term investments | $4.41B | $5.36B | $6.24B | $5.97B | $6.28B | $6.04B | $4.83B | $5.05B | $4.78B | $7.18B | |
| Goodwill | $137B | $141B | $133B | $128B | $121B | $116B | $113B | $117B | $110B | $118B | |
| Intangible assets | $44.6B | $45.9B | $44.8B | $42.5B | $41.5B | $40.4B | $40.2B | $41.3B | $40B | $42B | |
| Deferred tax assets | $1.26B | $1.22B | $1.46B | $1.72B | $2.02B | $1.97B | $2.3B | $2.94B | $2.49B | $2.71B | |
| Other non-current assets | $1.03B | $1.59B | $2.07B | $2.03B | $2.68B | $2.77B | $2.74B | $2.84B | $2.35B | $595M | |
| Non-current assets | $215B | $222B | $214B | $208B | $200B | $194B | $190B | $196B | $184B | $194B | |
| Total assets | $258B | $246B | $232B | $237B | $226B | $218B | $213B | $219B | $207B | $219B | |
| Liabilities | |||||||||||
| Accounts payable | $14.1B | $15.2B | $15.5B | $15.9B | $15.9B | $17.8B | $18.6B | $17.7B | $16B | $17.1B | |
| Accrued expenses | $1.8B | $7.05B | $6.24B | $6.23B | $6.06B | $6.72B | $6.73B | $7.04B | $1.34B | $1.64B | |
| Short-term debt | $8.78B | $8.54B | $4.29B | $5.18B | $2.95B | $1.01B | $775M | $3.3B | $893M | $899M | |
| Taxes payable | $6.67B | $4.42B | $3.85B | $4.05B | $3.67B | $3.79B | $4.21B | $1.58B | $4.37B | $0 | |
| Deferred revenue | $52M | $30M | $32M | $21M | $27M | $51M | $0 | $0 | $0 | $0 | |
| Other current liabilities | $5.95B | $5.36B | $8.01B | $7.22B | $7.04B | $6.8B | $7.76B | $8.39B | $6.08B | $12.4B | |
| Current liabilities | $40.1B | $36.2B | $34.5B | $34.8B | $32.4B | $34.2B | $34.4B | $37.2B | $33.1B | $34.5B | |
| Long-term debt | $114B | $109B | $105B | $95.9B | $93.6B | $85.5B | $76.9B | $72B | $69B | $72.1B | |
| Lease obligations (non-current) | $208M | $186M | $1.58B | $1.69B | $1.84B | $1.83B | $1.96B | $2.13B | $1.75B | $0 | |
| Deferred revenue (non-current) | $6.22B | $0 | $6.99B | $6.87B | $7.6B | $0 | $0 | $0 | $1M | $0 | |
| Deferred tax liabilities | $16.7B | $13.1B | $13.2B | $12.8B | $12.6B | $12.2B | $11.8B | $11.9B | $11.3B | $11.4B | |
| Other non-current liabilities | $6.22B | $20.7B | $18.7B | $0 | $0 | $4.53B | $3.58B | $3.47B | $2.83B | $3.07B | |
| Non-current liabilities | $137B | $130B | $126B | $117B | $116B | $104B | $94.3B | $89.5B | $84.9B | $86.6B | |
| Total liabilities | $177B | $166B | $160B | $152B | $148B | $138B | $129B | $127B | $118B | $121B | |
| Equity | |||||||||||
| Common stock & paid-in capital | $1.74B | $1.74B | $1.74B | $1.74B | $1.74B | $1.74B | $1.74B | $1.74B | $1.74B | $1.74B | |
| Retained earnings | $28.2B | $28.4B | $26.1B | $31.5B | $30.9B | $33.9B | $38.8B | $42.2B | $46.6B | $50.1B | |
| Accumulated other comprehensive income | $23.8B | $24.8B | $19.1B | $24.9B | $17.8B | $19.4B | $18.9B | $23.7B | $16.2B | $22.9B | |
| Shareholders' equity | $71.3B | $72.6B | $64.5B | $75.7B | $68B | $68.7B | $73.4B | $81.8B | $78.2B | $87.3B | |
| Debt | |||||||||||
| Total debt (incl. leases) | $123B | $116B | $110B | $103B | $98.6B | $88.8B | $80B | $78.2B | $72.2B | $73B | |
| Net debt (debt - cash) | $114B | $106B | $103B | $95.8B | $83.4B | $76.8B | $70.1B | $67.8B | $61B | $61.4B | |
Standardised by Financial Modeling Prep from the company's filings; outflows and costs keep the sign the provider reports. Hover a period for its end date. Amounts in USD.
Cash, investments and debt
quarter endsThe other statements
Sources
Statements, segment revenue, metrics and estimates: Financial Modeling Prep.
Data as of 2026-11-01