The Duckhorn Portfolio Cash Flow Statement

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

Millions QAR. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	2016 - 2020
Period Ending	Jun '25 Jun 30, 2025	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	2016 - 2020
Net Income	54.71	28.96	-1,466	-532.11	98.73	143.25	Upgrade
Depreciation & Amortization	5.29	4.89	8.24	14.64	12.57	13.3	Upgrade
Gain (Loss) on Sale of Assets	-10.81	-3.51	-125.88	-2.69	-0.05	-18.01	Upgrade
Gain (Loss) on Sale of Investments	-7.23	-16.63	1,648	-9.59	10.11	4.11	Upgrade
Change in Accounts Receivable	-72.28	21.08	49.75	16.67	-52.96	-66.68	Upgrade
Change in Unearned Revenue	-	-	-	-	-14.47	-16.64	Upgrade
Change in Insurance Reserves / Liabilities	-	-	-	-	26.65	-17.86	Upgrade
Change in Other Net Operating Assets	52.51	14.88	16.52	2.59	12.53	-105.82	Upgrade
Other Operating Activities	-20.97	-5.24	-112.03	57.36	56.36	37.48	Upgrade
Operating Cash Flow	-20.81	26.64	-23.62	60.38	80.54	-70.73	Upgrade
Operating Cash Flow Growth	-	-	-	-25.04%	-	-	Upgrade
Capital Expenditures	-4.07	-4.15	-1.78	-1.78	-1.04	-3.91	Upgrade
Sale of Property, Plant & Equipment	0.55	1.44	1.61	2.49	0.05	0.67	Upgrade
Investment in Securities	-52.66	-59.68	9.96	204.68	91.01	296.16	Upgrade
Other Investing Activities	49.03	61.3	84.39	9	-	-	Upgrade
Investing Cash Flow	248.85	112.63	129.77	179.21	-0.11	218.03	Upgrade
Long-Term Debt Issued	-	-	-	30.56	64.89	245.74	Upgrade
Total Debt Repaid	-190.93	-112.49	-51.99	-191.11	-150.27	-271.4	Upgrade
Net Debt Issued (Repaid)	-190.93	-112.49	-51.99	-160.55	-85.38	-25.67	Upgrade
Other Financing Activities	-72.54	-74.11	-59.38	-47.74	-52.1	-67.14	Upgrade
Financing Cash Flow	-263.47	-186.6	-111.38	-208.28	-137.48	-92.8	Upgrade
Net Cash Flow	-35.43	-47.33	-5.23	31.3	-57.05	54.5	Upgrade
Free Cash Flow	-24.88	22.49	-25.4	58.6	79.5	-74.64	Upgrade
Free Cash Flow Growth	-	-	-	-26.29%	-	-	Upgrade
Free Cash Flow Margin	-2.64%	2.17%	-3.99%	7.35%	20.11%	-17.21%	Upgrade
Free Cash Flow Per Share	-0.03	0.03	-0.03	0.07	0.09	-0.09	Upgrade
Cash Interest Paid	64.54	74.11	59.38	47.93	52.1	67.14	Upgrade
Cash Income Tax Paid	-	0.32	0.36	2.43	3.01	3.01	Upgrade
Levered Free Cash Flow	463.87	-61.19	-205.29	-863.47	11.2	-69.63	Upgrade
Unlevered Free Cash Flow	512.81	-2.66	-144.9	-827.13	44.81	-26.45	Upgrade
Change in Net Working Capital	-444.92	68.28	-27.66	861.6	27.34	125.4	Upgrade

Updated Feb 9, 2025. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.