To be precise, beer usually lasts for six or nine months after what the label tells you. Cans are most likely to last longer than bottles; darker bottles last longer than clear ones. While they don't rot instantly, they lose their qualities. They may go flat and lose the foam, but they're still drinkable.
The simple answer is yes, the beer is still good insofar as it is safe to drink. (Typically, the drink-by dates on beers are four to six months out; this is based on how long the brewer thinks the beer can retain fresh flavor.)