Trulieve Cannabis Corp.
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||
| Net Income | $-122.2M | $-160.6M | $-533.1M | $-252.7M | $17.4M | $63.0M | $53.1M |
| Depreciation & Amortization | $117.6M | $112.8M | $109.8M | $116.4M | $45.8M | $12.6M | $5.1M |
| Depreciation | — | — | — | $76.4M | $34.8M | $21.1M | $9.3M |
| Amortization | $83.3M | $82.2M | $80.4M | $81.7M | $27.7M | $3.0M | $1.8M |
| Stock-Based Compensation | $20.5M | $20.2M | $10.6M | $18.1M | $9.3M | $2.8M | — |
| Net Cash from Operating Activities | $272.8M | $271.5M | $201.8M | $23.1M | $12.9M | $99.6M | $19.1M |
| Investing Activities | |||||||
| Capital Expenditures | $44.2M | $122.6M | $40.2M | $164.7M | $275.9M | $99.9M | $71.8M |
| Business Acquisitions | — | $0 | $0 | $27.8M | $-43.5M | $27.9M | $19.8M |
| Net Cash from Investing Activities | $13.5M | $-206.6M | $-37.5M | $-215.1M | $-215.2M | $-174.7M | $-94.7M |
| Financing Activities | |||||||
| Dividends Paid | — | — | — | — | — | — | — |
| Stock Repurchases | — | — | — | — | — | — | — |
| Net Cash from Financing Activities | $-270.5M | $-33.4M | $-175.6M | $177.8M | $289.2M | $129.9M | $143.0M |
| Net Change in Cash | $15.8M | $31.4M | $-11.2M | $-14.2M | $86.9M | $54.9M | $67.4M |
| Free Cash Flow | $228.6M | $148.9M | $161.6M | $-141.7M | $-263.0M | $-298.0K | $-52.8M |