The Duckhorn Portfolio Cash Flow Statement

Financials in millions JPY. Fiscal year is April - March.

Millions JPY. Fiscal year is Apr - Mar.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	2016 - 2020
Period Ending	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022	Mar '21 Mar 31, 2021	2016 - 2020
Net Income	-101	-164	-1	-541	-708	Upgrade
Depreciation & Amortization	29	28	37	70	65	Upgrade
Other Operating Activities	3	-59	42	561	-428	Upgrade
Change in Accounts Receivable	-20	-47	-163	-35	245	Upgrade
Change in Accounts Payable	31	18	66	7	-36	Upgrade
Change in Other Net Operating Assets	54	-88	12	55	-292	Upgrade
Operating Cash Flow	-4	-312	-7	117	-1,154	Upgrade
Capital Expenditures	-19	-37	-14	-16	-58	Upgrade
Sale (Purchase) of Intangibles	-	-1	-	-	-	Upgrade
Investment in Securities	-384	-	-	-	-1,508	Upgrade
Other Investing Activities	-10	-10	-9	-1	-12	Upgrade
Investing Cash Flow	-413	-48	-23	-17	-1,578	Upgrade
Miscellaneous Cash Flow Adjustments	-1	-1	-1	-	-	Upgrade
Net Cash Flow	-418	-361	-31	100	-2,732	Upgrade
Free Cash Flow	-23	-349	-21	101	-1,212	Upgrade
Free Cash Flow Margin	-0.96%	-13.63%	-1.02%	8.41%	-108.02%	Upgrade
Free Cash Flow Per Share	-0.74	-11.25	-0.68	3.26	-39.08	Upgrade
Cash Income Tax Paid	-1	64	3	-452	489	Upgrade
Levered Free Cash Flow	58.25	-285.13	-8.5	231.25	-1,180	Upgrade
Unlevered Free Cash Flow	58.25	-285.13	-8.5	231.25	-1,180	Upgrade
Change in Net Working Capital	-112	162	-1	-586	704	Upgrade

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