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Constellation Brands logo

Constellation Brands Cash Flow Statement

Operating, investing, and financing cash movements

Constellation Brands generated $2.7B in operating cash flow over the trailing twelve months. After $875.0M in capital expenditures, free cash flow was $1.8B. Free cash flow decreased 0.1% year-over-year. Based on the Q1 2026 filing.

Net Cash From Operating (TTM)$2.7BNet Cash From Investing (TTM)$16.5MNet Cash From Financing (TTM)-$2.7BCapital Expenditures (TTM)$875.0MDepreciation And Amortization Cf (TTM)$418.7MNet Change In Cash (TTM)$34.3M
Latest FilingQ1 2026
Report Date2026-04-22
Market Cap$25.5B
P/E Ratio15.10
ROE22.54%

Investing

MetricQ3 '25Q4 '25Q1 '26Q2 '26Q3 '26Q4 '26
Acquisitions, net of cash acquired$0$158.7M$0$0$0$0
Capital expenditures$246M$558M$218.8M$218.8M$218.8M$218.8M
Payment for (Proceeds from) Other Investing Activity$0$11.7M$0$0$0$0
Proceeds from disposals of property, plant and equipment$11.8M—$14.8M$14.8M$14.8M$14.8M
Net cash from investing activities-$234.7M-$1.2B$4.1M$4.1M$4.1M$4.1M
Proceeds from sale of businesses——$212.6M$212.6M$212.6M$212.6M
Proceeds from sale of property, plant and equipment$11.8M—$14.8M$14.8M$14.8M$14.8M
Purchases of investments—$28M$4.5M$4.5M$4.5M$4.5M

Operating

MetricQ3 '25Q4 '25Q1 '26Q2 '26Q3 '26Q4 '26
Change in accounts payable-$60.9M$109.4M-$925K-$925K-$925K-$925K
Change in accrued liabilities-$75.5M—-$37M-$37M-$37M-$37M
Change in deferred revenue-$16.2M—-$17.9M-$17.9M-$17.9M-$17.9M
Change in inventories-$49.2M$153.1M$12.1M$12.1M$12.1M$12.1M
Change in other assets—$82.4M-$850K-$850K-$850K-$850K
Other working capital changes-$2.5M-$95.3M-$43.2M-$43.2M-$43.2M-$43.2M
Change in receivables—-$59.1M-$20.7M-$20.7M-$20.7M-$20.7M
Deferred income taxes$34.1M-$522M$127.6M$127.6M$127.6M$127.6M
Depreciation and amortization$99M$138.8M$104.7M$104.7M$104.7M$104.7M
Distributions from equity method investments$1.4M$1.4M$625K$625K$625K$625K
Gain (loss) on sale of assets—$297.9M-$8M-$8M-$8M-$8M
Impairment charges$0$2.8B$0$0$0$0
Net cash from operating activities$616.9M$1B$667.3M$667.3M$667.3M$667.3M
Asset impairment and related expenses$0$425.9M$27.5M$27.5M$27.5M$27.5M
Unrealized gain (loss) on debt and equity securities, net-$12M-$12M-$1.3M-$1.3M-$1.3M-$1.3M
Depreciation$99M$138.8M$104.7M$104.7M$104.7M$104.7M
Income Loss From Equity Method Investments Net Of Dividends Or Distributions$1.4M$1.4M$625K$625K$625K$625K
Increase (Decrease) in Accounts and Notes Receivable—-$59.1M-$20.7M-$20.7M-$20.7M-$20.7M
Accrued liabilities-$75.5M—-$37M-$37M-$37M-$37M
Increase (Decrease) in Prepaid Expense and Other Assets—$82.4M-$850K-$850K-$850K-$850K
Net gain (loss) in connection with exchangeable shares$0$7.2M————
Stock-based compensation$15.9M$24.2M$16.9M$16.9M$16.9M$16.9M

Financing

MetricQ3 '25Q4 '25Q1 '26Q2 '26Q3 '26Q4 '26
Proceeds from issuance of debt$498.6M-$997.7M$249.4M$249.4M$249.4M$249.4M
Repayments of debt$501.2M—$351.1M$351.1M$351.1M$351.1M
Distributions to noncontrolling interests$20M$20M$15.6M$15.6M$15.6M$15.6M
Dividends paid$177.7M$193M$178.9M$178.9M$178.9M$178.9M
Payments to Noncontrolling Interests—$16.2M$0$0$0$0
Proceeds from exercises of stock options and other stock issuances—$70.7M$1.9M$1.9M$1.9M$1.9M
Proceeds from (Repayments of) Short-Term Debt$122.2M$997.3M-$133.7M-$133.7M-$133.7M-$133.7M
Net cash from financing activities-$301.6M-$7.1M-$664M-$664M-$664M-$664M
Other financing activities——$375K$375K$375K$375K
Proceeds from issuance of common stock—$70.7M$1.9M$1.9M$1.9M$1.9M
Repurchases of common stock$220.1M$299.7M$231M$231M$231M$231M
Net change in short-term borrowings$122.2M$997.3M-$133.7M-$133.7M-$133.7M-$133.7M
Taxes paid for net share settlement$0$4.4M$2.4M$2.4M$2.4M$2.4M

Free Cash Flow

MetricQ3 '25Q4 '25Q1 '26Q2 '26Q3 '26Q4 '26
Free cash flow$370.9M$488M$448.5M$448.5M$448.5M$448.5M

Other

MetricQ3 '25Q4 '25Q1 '26Q2 '26Q3 '26Q4 '26
Effect of exchange rate changes on cash$25K$25K$1.2M$1.2M$1.2M$1.2M
Net increase (decrease) in cash$80.4M-$168.6M$8.6M$8.6M$8.6M$8.6M
Payments Of Debt Extinguishment, Debt Issuance And Other Financing Costs$3.5M—$2.3M$2.3M$2.3M$2.3M

Supplemental

MetricQ3 '25Q4 '25Q1 '26Q2 '26Q3 '26Q4 '26
Income taxes paid$49.3M$49.3M$43.4M$43.4M$43.4M$43.4M
Interest paid$104M$104M$86.6M$86.6M$86.6M$86.6M
Income Taxes Paid, Net$49.3M$49.3M$43.4M$43.4M$43.4M$43.4M