The Duckhorn Portfolio Cash Flow Statement

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

Millions JMD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '25 Mar 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	12.06	35.68	79.08	27.9	23.66
Depreciation & Amortization	11.43	9.56	6.4	4.87	3.22
Other Amortization	1.57	1.57	1.57	0.56	-
Loss (Gain) From Sale of Assets	-4.19	-4.19	0.32	-	-
Asset Writedown & Restructuring Costs	0.93	2.68	5.5	0.04	0.99
Other Operating Activities	-19.62	-14.5	28.31	10.51	0.98
Change in Accounts Receivable	0.57	-3.89	-2.23	-27.31	-8.39
Change in Accounts Payable	3.75	18.1	-1.69	14.26	3.9
Change in Other Net Operating Assets	-	-	-	-	-3.99
Operating Cash Flow	21.96	45.02	117.25	30.84	20.37
Operating Cash Flow Growth	-73.10%	-61.61%	280.24%	51.40%	-
Capital Expenditures	-32.83	-32.85	-0.89	-2.45	-1.34
Sale of Property, Plant & Equipment	5.66	5.66	-	-	-
Sale (Purchase) of Intangibles	-	-	-	-339.77	-1.06
Investment in Securities	96.37	27.01	-185.08	-45.76	-
Other Investing Activities	15.08	11.39	4.26	0.38	-
Investing Cash Flow	4.29	11.21	-181.71	-387.61	-2.4
Long-Term Debt Issued	-	0.68	-	285.67	-
Long-Term Debt Repaid	-	-6.23	-257.65	-3.92	-2.37
Net Debt Issued (Repaid)	-6.28	-5.55	-257.65	281.75	-2.37
Issuance of Common Stock	-	-	360.87	110.64	-
Common Dividends Paid	-19.96	-19.96	-8.3	-5.81	-
Other Financing Activities	-8.66	-9.19	-34.76	-14.98	-0.58
Financing Cash Flow	-34.91	-34.7	60.16	371.61	-2.95
Foreign Exchange Rate Adjustments	3.57	-0.16	-1.56	-1.28	0.57
Net Cash Flow	-5.1	21.37	-5.86	13.55	15.59
Free Cash Flow	-10.87	12.17	116.36	28.39	19.03
Free Cash Flow Growth	-	-89.54%	309.92%	49.17%	-
Free Cash Flow Margin	-3.32%	3.55%	25.24%	11.88%	14.85%
Free Cash Flow Per Share	-0.01	0.01	0.08	0.03	-
Cash Interest Paid	2.38	2.91	26.91	6.57	0.58
Cash Income Tax Paid	8.78	8.87	13.5	4.77	4.85
Levered Free Cash Flow	-3.46	3.21	75.02	-317.11	-
Unlevered Free Cash Flow	-2.98	3.89	90.3	-309.99	-
Change in Net Working Capital	-14.12	-7.65	-4.02	8.13	-

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