Green Thumb Industries Inc.
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $114.2M | $73.1M | $36.3M | $12.0M | $75.4M | $15.0M | $-59.1M | $-5.2M |
| Depreciation & Amortization | $145.4M | $113.2M | $100.8M | $96.7M | $68.5M | $52.5M | $31.5M | $5.2M |
| Depreciation | $95.5M | $62.8M | $49.9M | $37.0M | $23.3M | $15.5M | $6.8M | $2.7M |
| Amortization | $49.9M | $50.4M | $50.8M | $59.7M | $45.2M | $37.0M | $24.5M | $2.5M |
| Stock-Based Compensation | $44.9M | $33.3M | $28.2M | $27.1M | $19.6M | $19.3M | $18.3M | $12.1M |
| Net Cash from Operating Activities | $294.9M | $195.2M | $225.0M | $158.6M | $132.0M | $95.9M | $-18.0M | $-17.7M |
| Investing Activities | ||||||||
| Capital Expenditures | $81.1M | $80.2M | $220.0M | $179.5M | $187.9M | $59.8M | $88.6M | $27.4M |
| Business Acquisitions | $29.5M | $0 | $0 | $7.4M | $32.4M | $8.9M | $-109.4M | $51.5M |
| Net Cash from Investing Activities | $-130.4M | $-89.5M | $-227.9M | $-219.9M | $-280.7M | $-57.3M | $-174.7M | $-111.4M |
| Financing Activities | ||||||||
| Dividends Paid | — | — | — | — | — | — | — | — |
| Stock Repurchases | — | — | — | — | — | — | — | — |
| Net Cash from Financing Activities | $-50.9M | $-95.6M | $-13.1M | $8.6M | $295.3M | $-1.6M | $93.4M | $245.5M |
| Net Change in Cash | — | — | — | — | — | — | — | — |
| Free Cash Flow | $213.9M | $115.0M | $4.9M | $-20.9M | $-55.8M | $36.1M | $-106.6M | $-45.1M |