The Duckhorn Portfolio Cash Flow Statement

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

Millions KRW. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	-3,681	-4,587	-863.58	366.86	420.92
Depreciation & Amortization	327.47	280.98	232.48	179.1	113.01
Loss (Gain) From Sale of Assets	-	-1.19	-58.51	-241.21	-
Stock-Based Compensation	23.75	7.53	-	-	-
Provision & Write-off of Bad Debts	162.99	749.35	30.49	281.28	226.27
Other Operating Activities	1,291	-915.78	878.79	-104.34	-18.59
Change in Accounts Receivable	-948.35	1,316	-117.85	-3,288	-187.72
Change in Inventory	98.2	-762.05	-265.7	146.85	-144.38
Change in Accounts Payable	223.38	239.22	-289.75	1,712	-350.62
Change in Other Net Operating Assets	-1,471	-1,038	780.44	150.74	428.32
Operating Cash Flow	-3,974	-4,711	326.83	-796.17	487.21
Capital Expenditures	-9.17	-111.29	-5,518	-1,114	-42.94
Sale of Property, Plant & Equipment	-	3.41	210	1,783	-
Sale (Purchase) of Intangibles	-95.95	-35.46	-65.65	-189.62	-0.53
Investment in Securities	-6.8	-5.61	16.43	12.33	-14.38
Other Investing Activities	-112.3	-53.02	29.37	42.56	-64.54
Investing Cash Flow	-241.72	-206.38	-5,328	534.24	-122.4
Short-Term Debt Issued	999.95	4,149	2,405	2,337	130
Long-Term Debt Issued	5,000	-	4,450	200	291.6
Total Debt Issued	6,000	4,149	6,855	2,537	421.6
Short-Term Debt Repaid	-1,054	-1,033	-2,002	-2,241	-241.26
Long-Term Debt Repaid	-295.48	-192.26	-145.72	-173.38	-91.44
Total Debt Repaid	-1,349	-1,225	-2,148	-2,415	-332.69
Net Debt Issued (Repaid)	4,651	2,924	4,707	122.22	88.91
Issuance of Common Stock	2,500	1,000	-	-	-
Other Financing Activities	-0	-0	-0	-0	-
Financing Cash Flow	7,150	3,924	4,707	1,122	88.91
Foreign Exchange Rate Adjustments	2.73	-0.36	1.07	-	-
Miscellaneous Cash Flow Adjustments	-	-	-	-0	-
Net Cash Flow	2,937	-993.67	-293.01	860.19	453.72
Free Cash Flow	-3,983	-4,823	-5,191	-1,910	444.26
Free Cash Flow Margin	-33.03%	-46.34%	-52.99%	-22.94%	5.45%
Free Cash Flow Per Share	-478.29	-715.99	-23870.71	-88125.04	22213.21
Cash Interest Paid	172.69	204.04	125.43	73.02	76.57
Cash Income Tax Paid	4.36	1.34	12.17	22.66	4.32
Levered Free Cash Flow	-5,576	-2,492	-4,204	-1,389	-
Unlevered Free Cash Flow	-5,252	-2,251	-4,087	-1,328	-
Change in Net Working Capital	3,687	-1,034	-1,285	227.18	-

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