Verano Holdings Corp.
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Operating Activities | ||||||
| Net Income | $-257.9M | $-341.9M | $-117.3M | $-269.2M | $-57.5M | $38.4M |
| Depreciation & Amortization | $124.2M | $139.7M | $141.1M | $141.4M | $96.2M | $7.9M |
| Depreciation | $59.2M | $54.3M | $49.7M | $44.0M | $28.2M | — |
| Amortization | $64.9M | $85.3M | $91.5M | $97.3M | $68.0M | — |
| Stock-Based Compensation | $11.5M | $16.9M | $13.2M | $39.1M | $45.3M | $0 |
| Net Cash from Operating Activities | $52.9M | $112.2M | $109.7M | $94.3M | $182.9M | $71.6M |
| Investing Activities | ||||||
| Capital Expenditures | $41.2M | $99.0M | $36.3M | $119.2M | $141.3M | $60.2M |
| Business Acquisitions | $0 | $35.9M | $0 | $114.8M | $309.8M | $21.9M |
| Net Cash from Investing Activities | $-32.6M | $-133.3M | $-34.2M | $-207.9M | $-455.8M | $-86.9M |
| Financing Activities | ||||||
| Dividends Paid | — | — | — | $0 | $0 | $46.0K |
| Stock Repurchases | — | — | — | — | — | — |
| Net Cash from Financing Activities | $-25.3M | $-65.9M | $14.4M | $99.2M | $355.7M | $25.3M |
| Net Change in Cash | — | — | — | — | — | — |
| Free Cash Flow | $11.6M | $13.1M | $73.4M | $-24.8M | $41.6M | $11.5M |