Highwater Ethanol, LLC Cash Flow Statement

Financials in millions USD. Fiscal year is November - October.

Millions USD. Fiscal year is Nov - Oct.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Apr '26 Apr 30, 2026	Oct '25 Oct 31, 2025	Oct '24 Oct 31, 2024	Oct '23 Oct 31, 2023	Oct '22 Oct 31, 2022	Oct '21 Oct 31, 2021
Net Income	30.72	16.33	6.11	16.74	33.33	13.74
Depreciation & Amortization	6.03	5.66	8.49	10.05	10.31	9.75
Loss (Gain) on Equity Investments	0.15	0.01	0.25	-0.16	-0.18	-0.11
Other Operating Activities	-17.4	-10.75	-0.41	-0.31	-0.19	-0.94
Change in Accounts Receivable	0.27	1.39	-0.35	1.03	3.82	-3.99
Change in Inventory	-1.15	-2.58	1.87	3.08	-4.45	-4.07
Change in Accounts Payable	2.02	-6.91	-1.58	-1.3	3.23	8.23
Change in Other Net Operating Assets	0.37	0.32	-0.26	-0.09	-0.4	-0.2
Operating Cash Flow	20.78	3.47	14.13	29.05	45.47	22.41
Operating Cash Flow Growth	202.07%	-75.44%	-51.37%	-36.10%	102.89%	-
Capital Expenditures	-4.68	-5.74	-5.52	-1.28	-1.36	-6.83
Investment in Securities	0.13	0.13	-	-0.58	-	-
Investing Cash Flow	-4.55	-5.61	-5.52	-1.86	-1.36	-6.83
Long-Term Debt Issued	-	-	-	-	8.2	37
Long-Term Debt Repaid	-	-0.14	-0.13	-0.12	-11.82	-45.61
Net Debt Issued (Repaid)	-0.14	-0.14	-0.13	-0.12	-3.62	-8.61
Repurchase of Common Stock	-0.02	-0.02	-	-0.1	-0.12	-0.09
Common Dividends Paid	-6.65	-8.08	-16.16	-15.24	-18.13	-
Financing Cash Flow	-6.82	-8.24	-16.29	-15.46	-21.87	-8.7
Net Cash Flow	9.42	-10.38	-7.69	11.73	22.24	6.88
Free Cash Flow	16.1	-2.27	8.6	27.77	44.11	15.58
Free Cash Flow Growth	1961.03%	-	-69.02%	-37.03%	183.05%	-
Free Cash Flow Margin	11.06%	-1.61%	6.07%	13.95%	19.92%	9.82%
Cash Interest Paid	0.04	0.04	0.05	0.05	0.1	0.48
Levered Free Cash Flow	15.04	-4.84	5.37	21.13	29.12	10.11
Unlevered Free Cash Flow	15.17	-4.7	5.51	21.28	29.29	10.43
Change in Working Capital	1.27	-7.78	-0.32	2.74	2.2	-0.03