Green Thumb Industries 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	114.15	73.08	36.27	11.98	75.44
Depreciation & Amortization	197.02	167.6	149.02	140.65	102.58
Other Amortization	0.64	3.07	9.72	9.17	7.24
Loss (Gain) From Sale of Assets	-24.09	1.54	3.54	0.38	0.31
Asset Writedown & Restructuring Costs	-	0.45	5.47	89.92	4.74
Loss (Gain) From Sale of Investments	11	2.99	17.46	11.65	-6.38
Loss (Gain) on Equity Investments	10.81	8.69	1.17	4.26	-1.8
Stock-Based Compensation	44.93	33.31	28.19	27.14	19.6
Other Operating Activities	14.5	-12.85	8.83	-68.48	-9.83
Change in Accounts Receivable	1.09	-9.86	-12	-8.84	-0.16
Change in Inventory	-12.89	-35.02	1.12	-19.79	-16.44
Change in Accounts Payable	0.04	0.27	6.07	3.57	-9.53
Change in Income Taxes	-27.41	-9.06	13.82	-5.24	-14.62
Change in Other Net Operating Assets	-36.77	-29.8	-44.85	-39.49	-24.04
Operating Cash Flow	294.93	195.18	224.97	158.56	132.05
Operating Cash Flow Growth	51.10%	-13.24%	41.88%	20.08%	37.67%
Capital Expenditures	-81.07	-80.19	-220.04	-179.5	-187.85
Sale of Property, Plant & Equipment	0.6	0.45	0.43	0.87	0.11
Cash Acquisitions	-29.5	-	-	-39.08	-32.36
Divestitures	55.08	-	-	-	-
Investment in Securities	-75.49	-9.8	-8.3	-2.23	-60.63
Investing Cash Flow	-130.39	-89.54	-227.91	-219.95	-280.73
Long-Term Debt Issued	-	170.92	49.9	20.1	208.7
Long-Term Debt Repaid	-10.7	-227.56	-25.49	-0.95	-70.51
Net Debt Issued (Repaid)	-10.7	-56.64	24.42	19.15	138.19
Issuance of Common Stock	7.7	11.3	3.62	3.82	171.43
Repurchase of Common Stock	-45.61	-49.01	-39.86	-	-
Other Financing Activities	-2.32	-1.25	-1.29	-14.33	-14.28
Financing Cash Flow	-50.94	-95.59	-13.11	8.64	295.34
Net Cash Flow	113.6	10.05	-16.05	-52.74	146.66
Free Cash Flow	213.86	115	4.93	-20.94	-55.8
Free Cash Flow Growth	85.97%	2231.14%	-	-	-
Free Cash Flow Margin	18.20%	10.11%	0.47%	-2.06%	-6.25%
Free Cash Flow Per Share	0.90	0.47	0.02	-0.09	-0.25
Cash Interest Paid	21.72	21.47	20.91	18.55	15.31
Cash Income Tax Paid	30.25	130.58	99.54	118.18	148.1
Levered Free Cash Flow	166.27	225.94	42.45	16.47	110.74
Unlevered Free Cash Flow	178.14	238.03	44.66	20.55	117.24
Change in Working Capital	-75.93	-83.47	-35.84	-69.79	-64.78

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.