Ascend Wellness Holdings Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	-118.19	-84.99	-48.21	-80.9	-122.66
Depreciation & Amortization	44.91	39.2	31.81	17.15	12.05
Loss (Gain) From Sale of Assets	0.06	0.02	-0.23	0.35	0.61
Stock-Based Compensation	2.45	18.61	19.78	18.98	23.09
Other Operating Activities	44.75	37.13	46.01	37.21	82.92
Change in Accounts Receivable	7.92	-8.24	-14.2	-6.48	-1.35
Change in Inventory	-10.72	1.81	-14.89	-43.81	-41.41
Change in Accounts Payable	17.13	-2.85	26.81	12.74	6.73
Change in Income Taxes	54.87	77.18	38.25	-1.51	17.91
Change in Other Net Operating Assets	-5.13	-4.57	-9.79	7.92	-19.64
Operating Cash Flow	38.05	73.29	75.33	-38.36	-41.74
Operating Cash Flow Growth	-48.08%	-2.71%	-	-	-
Capital Expenditures	-26.01	-22.53	-24.25	-81.64	-88.43
Sale of Property, Plant & Equipment	0.03	0.01	15	39.23	0.93
Cash Acquisitions	-11.88	-9.8	-19.86	-25.14	-23.09
Sale (Purchase) of Intangibles	-11.95	-12.7	-15.94	-44.25	-
Other Investing Activities	4.08	7.83	-14.84	-2.45	-2.65
Investing Cash Flow	-45.74	-37.2	-59.89	-114.25	-113.23
Long-Term Debt Issued	72.41	217.41	-	84.71	259.5
Total Debt Issued	72.41	217.41	-	84.71	259.5
Long-Term Debt Repaid	-63.83	-216.68	-23.56	-3.21	-79.27
Total Debt Repaid	-63.83	-216.68	-23.56	-3.21	-79.27
Net Debt Issued (Repaid)	8.58	0.74	-23.56	81.5	180.23
Issuance of Common Stock	0.14	0.18	7.19	-	86.07
Repurchase of Common Stock	-2.31	-9	-0.71	-5.23	-1.01
Other Financing Activities	-1.31	-12.26	-	-5	-12.93
Financing Cash Flow	5.11	-20.35	-17.08	71.28	252.36
Net Cash Flow	-2.58	15.75	-1.64	-81.34	97.38
Free Cash Flow	12.04	50.76	51.09	-120	-130.17
Free Cash Flow Growth	-76.27%	-0.64%	-	-	-
Free Cash Flow Margin	2.41%	9.04%	9.85%	-29.56%	-39.16%
Free Cash Flow Per Share	0.06	0.24	0.26	-0.65	-0.87
Cash Interest Paid	36.57	16.89	27.09	23.61	20.54
Cash Income Tax Paid	4.5	-19.61	7.43	48.94	28.06
Levered Free Cash Flow	19.87	-4.79	-44.61	-120.86	-48.99
Unlevered Free Cash Flow	51.93	23.5	-21.49	-100.59	-9
Change in Working Capital	64.08	63.32	26.18	-31.14	-37.76

Source: S&P Global Market Intelligence. Standard template. Financial Sources.