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Income Statement
Balance Sheet
Cash Flow Statement
Segments

Common Size IS
Op Efficiency
Credit Analysis

Duckhorn Portfolio, Inc.

Cash Flow Statement

Standardized | As Reported Annual | Quarterly | TTM
 
In millions, except per share itemsJul-31-23Jul-31-22Jul-31-21Jul-31-20Jul-31-19
   10-K10-K10-K10-K10-K
Cash flows from operating activities       
Net income  69.360.256.032.422.1
   
Adjustments to reconcile net income to net cash from operating activities:       
    Deferred income taxes  -0.33.82.0-5.0-5.2
    Depreciation and amortization  27.823.421.322.825.1
    Loss (gain) on disposal of assets  0.2-0.50.00.21.9
    Change in fair value of derivatives  0.0-1.7-5.82.34.9
    Amortization of debt issuance costs  1.01.61.62.12.1
    Loss on debt extinguishment    0.3 0.2
    Equity-based compensation  6.35.510.81.21.1
    Inventory reserve adjustments  0.74.41.1  
    Change in operating assets and liabilities:       
        Accounts receivable trade, net  -11.7-3.8-6.8-4.02.7
        Inventories  -33.9-18.8-23.5-11.2-12.8
        Prepaid expenses and other assets  2.3-3.3-6.6-0.60.4
        Other assets  -0.91.3-0.30.0-0.6
        Accounts payable  1.5-0.30.01.4-2.9
        Accrued expenses  7.07.77.6-1.71.0
        Accrued compensation  3.6-4.08.22.3-2.2
        Deferred revenue  0.0-2.8-1.00.33.8
        Other current and non-current liabilities  -2.8-3.9-0.50.50.7
            Net cash provided by operating activities  70.168.864.355.242.5
   
Cash flows from investing activities       
Purchases of property and equipment  -72.8-44.6-13.7-13.6-18.4
Proceeds from sales of property and equipment  0.30.90.10.10.1
    Net cash used in investing activities  -72.6-43.7-13.6-13.5-221.4
   
Cash flows from financing activities       
Dividend to parent    -100.0  
Proceeds from issuance of common stock pursuant to the initial public offering, net of underwriters’ discounts and commissions    187.5  
Payments under line of credit  -121.0-98.0-263.0-99.0-69.6
Borrowings under line of credit  24.084.0143.559.578.1
Issuance of long-term debt  225.8 38.113.173.1
Payments of long-term debt  -120.2-11.3-51.9-12.7-10.6
Repayment of capital lease    0.0  
Proceeds from employee stock purchase plan  0.40.3   
Taxes paid related to net share settlement of equity awards  -0.7-0.8   
Debt issuance costs  -2.7 -0.3 -2.1
Payments of deferred offering costs   -0.3-6.7  
    Net cash provided by (used in) financing activities  5.7-26.2-52.7-39.2129.5
    Net increase (decrease) in cash  3.2-1.1-2.0  
   
Supplemental cash flow information       
Interest paid, net of amount capitalized  10.45.212.615.619.3
Income taxes paid  11.617.722.715.611.7
   
Non-cash investing activities       
Property and equipment additions in accounts payable and accrued expenses  3.41.71.43.12.5

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