The Duckhorn Portfolio Cash Flow Statement

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

Millions KRW. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022
Period Ending	Mar '25 Mar 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Net Income	-263.43	2,001	1,503	-15,607
Depreciation & Amortization	18,237	17,494	9,719	1,463
Loss (Gain) From Sale of Assets	-	104.81	2.66	-
Loss (Gain) From Sale of Investments	267.67	27.73	-1.47	-0.39
Stock-Based Compensation	2,484	2,214	585.05	-
Other Operating Activities	-4,855	-2,958	6,725	16,850
Change in Accounts Receivable	-4,164	2,793	-2,575	-257
Change in Inventory	-21,556	-19,779	-43,277	-34,447
Change in Accounts Payable	-5,101	-4,762	5,187	7,179
Change in Other Net Operating Assets	2,156	165.39	3,017	3,613
Operating Cash Flow	-12,794	-2,700	-19,116	-21,207
Capital Expenditures	-2,381	-3,158	-7,245	-20,088
Sale of Property, Plant & Equipment	2.53	2.53	-	-
Sale (Purchase) of Intangibles	-66.67	-66.54	-228.5	-30.51
Investment in Securities	-449.15	-403.15	-209.3	-5.97
Other Investing Activities	612.72	666.22	-235.7	100.13
Investing Cash Flow	-2,282	-2,959	-7,919	-20,024
Short-Term Debt Issued	-	7,273	6,046	1,624
Long-Term Debt Issued	-	12,470	30,800	36,191
Total Debt Issued	36,054	19,743	36,846	37,815
Short-Term Debt Repaid	-	-7,573	-3,045	-1,624
Long-Term Debt Repaid	-	-16,724	-8,793	-836.94
Total Debt Repaid	-22,540	-24,297	-11,838	-2,461
Net Debt Issued (Repaid)	13,514	-4,554	25,008	35,354
Issuance of Common Stock	-	-	5,000	-
Other Financing Activities	465.34	-530.54	1,021	-
Financing Cash Flow	13,980	-5,084	31,029	47,150
Foreign Exchange Rate Adjustments	14.83	6.56	-	-
Miscellaneous Cash Flow Adjustments	-	-	-0	-0
Net Cash Flow	-1,081	-10,737	3,994	5,919
Free Cash Flow	-15,175	-5,858	-26,361	-41,295
Free Cash Flow Margin	-33.73%	-11.09%	-51.15%	-229.46%
Free Cash Flow Per Share	-1843.47	-726.57	-4691.44	-58992.61
Cash Interest Paid	4,025	4,242	4,328	926.98
Cash Income Tax Paid	4,042	3,793	917.97	399.25
Levered Free Cash Flow	-	14,258	19,840	-
Unlevered Free Cash Flow	-	17,268	22,833	-
Change in Net Working Capital	-	1,517	-12,848	-

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