Vireo Growth 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	-68.11	-28.01	-25.55	-42.46	-33.69
Depreciation & Amortization	19.53	1.74	1.98	2.65	1.44
Loss (Gain) From Sale of Assets	-0.77	0.12	4.48	-0.34	-6.47
Asset Writedown & Restructuring Costs	2.6	-	0.41	8.6	5.17
Loss (Gain) From Sale of Investments	-	-	-	-	-0.44
Stock-Based Compensation	12.95	3.54	4.16	2.89	5.18
Provision & Write-off of Bad Debts	0.61	0.24	-	-	-
Other Operating Activities	36.14	7.04	11.25	15.31	9.33
Change in Accounts Receivable	-6.06	-1.03	1.45	0.23	-3.49
Change in Inventory	-8.7	-2.39	-1.82	-3.99	-10.35
Change in Accounts Payable	-8.72	2.4	-1.26	-0.77	2.65
Change in Income Taxes	41.59	11.22	4.03	0.8	-
Change in Other Net Operating Assets	-3.91	-5.1	-0.09	-0.98	0.13
Operating Cash Flow	3.71	-10.23	-0.97	-18.07	-30.52
Capital Expenditures	-28.32	-11.69	-4.96	-5.56	-18.04
Sale of Property, Plant & Equipment	0.25	-	0.25	0.4	-
Cash Acquisitions	39.36	-	-	-	-5.14
Divestitures	-	-	0.69	-	15.13
Sale (Purchase) of Intangibles	-1.49	-	-1.09	0.24	-
Investment in Securities	-	-	-	-	1.15
Other Investing Activities	-1.03	3.56	1.64	-0.69	-0.31
Investing Cash Flow	8.76	-8.13	-3.48	-5.62	-7.21
Long-Term Debt Issued	146.04	14.52	9.15	25.76	27.11
Long-Term Debt Repaid	-127.78	-1.43	-3.89	-2.09	-2.54
Net Debt Issued (Repaid)	18.26	13.09	5.26	23.68	24.57
Issuance of Common Stock	0.16	80.91	-	0.01	1.21
Financing Cash Flow	18.42	94.01	5.26	23.68	25.78
Net Cash Flow	30.89	75.64	0.82	-0.01	-11.95
Free Cash Flow	-24.61	-21.93	-5.93	-23.63	-48.56
Free Cash Flow Margin	-9.16%	-22.07%	-6.73%	-31.67%	-89.19%
Free Cash Flow Per Share	-0.03	-0.12	-0.04	-0.18	-0.39
Cash Interest Paid	28.59	27.17	24.97	16.56	6.86
Cash Income Tax Paid	1.02	-	2.04	5.13	5.89
Levered Free Cash Flow	-30.07	-5.6	-12.04	-22.09	-38.06
Unlevered Free Cash Flow	-11.16	13.89	7.5	-7.97	-31.45
Change in Working Capital	0.78	5.1	2.3	-4.72	-11.05

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