ASCEND WELLNESS HOLDINGS, INC.
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||
| Net Income | $-118.2M | $-85.0M | $-48.2M | $-80.9M | $-122.7M | $-25.4M | $-31.9M |
| Depreciation & Amortization | $73.5M | $66.2M | $59.0M | $37.1M | $22.2M | $12.6M | $4.1M |
| Depreciation | $41.6M | $36.8M | $34.2M | $25.4M | $14.8M | $5.0M | $1.5M |
| Amortization | $30.2M | $27.1M | $23.6M | $9.8M | $6.8M | $7.5M | $2.1M |
| Stock-Based Compensation | $2.4M | $18.6M | $19.8M | $19.0M | $23.1M | $680.0K | $311.0K |
| Net Cash from Operating Activities | $38.1M | $73.3M | $75.3M | $-38.4M | $-41.7M | $-6.0M | $-40.9M |
| Investing Activities | |||||||
| Capital Expenditures | $26.0M | $22.5M | $24.2M | $81.6M | $88.4M | $26.4M | $41.7M |
| Business Acquisitions | $11.9M | $9.8M | $19.9M | $25.1M | $23.1M | $26.0M | $8.7M |
| Net Cash from Investing Activities | $-45.7M | $-37.2M | $-59.9M | $-114.3M | $-113.2M | $-30.9M | $-65.6M |
| Financing Activities | |||||||
| Dividends Paid | — | — | — | — | — | — | — |
| Stock Repurchases | — | — | — | — | — | — | — |
| Net Cash from Financing Activities | $5.1M | $-20.4M | $-17.1M | $71.3M | $252.4M | $82.2M | $111.1M |
| Net Change in Cash | $-2.6M | $15.7M | $-1.6M | $-81.3M | $97.4M | $45.3M | $4.6M |
| Free Cash Flow | $12.0M | $50.8M | $51.1M | $-120.0M | $-130.2M | $-32.4M | $-82.6M |