Vintage Wine Estates, Inc.

VWE

VWEVintage Wine Estates, Inc. US flag

NASDAQ Global Market

0.03

USD

-0.03

- -

1.57MMarket Cap

Income Statement (USD)

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	2020 Y	2021 Y	2022 Y	2023 Y
Sales/Revenue/Turnover	190	221	293	283
+ Sales & Services Revenue	190	221	293	283
- Cost of Revenue	118	145	204	198
+ Cost of Goods & Services	118	145	204	198
Gross Profit	72	75	89	85
+ Other Operating Income	- -	- -	- -	- -
- Operating Expenses	65	73	103	126
+ Selling, General & Admin	65	73	97	118
+ Research & Development	- -	- -	- -	- -
+ Other Operating Expense	- -	- -	6	7
Operating Income (Loss)	7	3	-14	-41
- Non-Operating (Income) Loss	27	-8	-14	181
+ Interest Expense, Net	15	12	14	18
+ Interest Expense	15	12	14	18
- Interest Income	- -	- -	- -	- -
+ Other Non-Op (Income) Loss	11	-20	-28	163
Pretax Income	-20	11	- -	-222
- Income Tax Expense (Benefit)	-10	1	1	-31
- (Income) Loss from Affiliates	- -	- -	- -	- -
Income (Loss) from Cont Ops	-10	10	-1	-190
- Net Extraordinary Losses (Gains)	- -	- -	-1	-3
+ Discontinued Operations	- -	- -	- -	- -
+ Extraord. & Accounting Changes	- -	- -	-1	-3
Income (Loss) Incl. MI	-10	10	- -	-188
- Minority Interest	- -	- -	- -	1
Net Income, GAAP	-10	10	- -	-189
- Preferred Dividends	- -	- -	- -	- -
- Other Adjustments	- -	- -	- -	- -
Net Income Avail to Common, GAAP	-10	10	- -	-189
EBIT	7	3	-14	-41
EBITDA	19	14	8	-16
EBITDA Margin (%)	9.87	6.47	2.59	-5.61
EBITA	7	3	-14	-41
Gross Margin (%)	37.72	34.14	30.36	30.07
Operating Margin (%)	3.65	1.29	-4.79	-14.3
Profit Margin (%)	-5.13	4.47	-0.15	-66.72
Sales per Employee	- -	- -	- -	- -
Dividend per Share	- -	- -	- -	- -
Depreciation Expense	12	11	22	25
Basic Weighted Avg Shares	60	25	61	59
Basic EPS, GAAP	-0.16	0.4	-0.01	-3.2
Basic EPS from Cont Ops	-0.16	0.41	-0.01	-3.22
Diluted Weighted Avg Shares	60	25	61	59
Diluted EPS, GAAP	-0.16	0.39	-0.01	-3.2
Diluted EPS from Cont Ops	-0.16	0.4	-0.01	-3.22

Balance Sheet (USD)

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	2020 Y	2021 Y	2022 Y	2023 Y
Total Current Assets	233	382	299	265
+ Cash, Cash Equivalents & STI	2	119	45	18
+ Cash & Cash Equivalents	2	119	45	18
+ ST Investments	- -	- -	- -	- -
+ Accounts & Notes Receiv	21	29	42	25
+ Accounts Receivable, Net	10	21	38	25
+ Notes Receivable, Net	- -	- -	- -	- -
+ Loans Receivable, Net	- -	- -	- -	- -
+ Other Receivable, Net	11	7	4	1
+ Inventories	206	221	193	201
+ Raw Materials	12	10	16	16
+ Work In Process	- -	- -	- -	- -
+ Finished Goods	194	209	176	185
+ Inventory Adjustments	- -	- -	- -	- -
+ Other Inventory	1	1	1	1
+ Other ST Assets	4	13	20	20
+ Misc ST Assets	- -	- -	- -	- -
+ Prepaid Expenses	- -	- -	- -	- -
+ ST Derivative & Hedging Assets	- -	- -	- -	- -
+ ST Assets Held-for-Sale	- -	- -	- -	- -
+ ST Deferred Tax Assets	- -	- -	- -	- -
Total Noncurrent Assets	278	361	467	296
+ Property, Plant & Equip, Net	- -	214	239	250
+ Property, Plant & Equip	- -	266	306	325
- Accumulated Depreciation	- -	53	67	76
+ LT Investments & Receivables	- -	- -	- -	- -
+ LT Investments	- -	- -	- -	- -
+ LT Receivables	- -	- -	- -	- -
+ Other LT Assets	278	148	228	47
+ Total Intangible Assets	113	146	218	39
+ Goodwill	87	110	155	- -
+ Other Intangible Assets	26	36	63	39
+ LT Deferred Tax Assets	- -	- -	- -	- -
+ LT Derivative & Hedging Assets	- -	- -	- -	- -
+ Misc LT Assets	165	2	10	8
Total Assets	512	743	765	561
+ Payables & Accruals	38	37	34	39
+ Accounts Payable	15	17	13	20
+ Accrued Taxes	- -	- -	- -	- -
+ Interest & Dividends Payable	- -	- -	- -	- -
+ Other Payables & Accruals	22	20	21	18
+ ST Debt	179	110	159	136
+ ST Borrowings	179	110	159	130
+ ST Finance Leases	- -	- -	- -	7
+ Other ST Liabilities	3	5	6	8
+ Deferred Revenue	1	1	1	1
+ Derivatives & Hedging	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -
+ Misc ST Liabilities	2	4	6	7
Total Current Liabilities	220	153	200	183
+ LT Debt	143	184	169	201
+ LT Borrowings	143	184	169	173
+ LT Finance Leases	- -	- -	- -	27
+ Other LT Liabilities	40	45	47	5
+ Accrued Liabilities	19	29	40	1
+ Pension Liabilities	- -	- -	- -	- -
+ Deferred Revenue	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -
+ Misc LT Liabilities	21	17	7	4
Total Noncurrent Liabilities	183	229	216	205
Total Liabilities	403	382	416	388
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -
+ Share Capital & APIC	93	361	376	382
+ Common Stock	- -	- -	- -	- -
+ Additional Paid in Capital	93	361	376	382
- Treasury Stock	- -	- -	26	26
+ Retained Earnings	15	- -	-1	-182
+ Other Equity	- -	- -	- -	- -
Equity Before Minority Interest	108	361	349	173
+ Minority/Non Controlling Interest	1	1	1	-1
Total Equity	109	362	350	173
Total Liabilities & Equity	512	743	765	561
Shares Outstanding	60	60	59	59
Number of Employees	- -	- -	- -	- -
Capital Leases - Total	- -	- -	- -	34
Net Debt	320	175	283	285
Net Debt to Equity	293.38	48.34	81.05	164.99
Tangible Common Equity Ratio	-1.03	36.14	24.06	25.62
Current Ratio	1.06	2.5	1.5	1.45
Cash Conversion Cycle	- -	525.73	375.41	373.6

Cash Flow Statement (USD)

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	2020 Y	2021 Y	2022 Y	2023 Y
+ Net Income	-10	10	-1	-190
+ Depreciation & Amortization	12	11	22	25
+ Non-Cash Items	4	-11	-2	151
+ Stock-Based Compensation	- -	3	5	7
+ Deferred Income Taxes	-10	1	1	-32
+ Asset Impairment Charge	1	4	17	162
+ Other Non-Cash Adj	12	-19	-24	14
+ Chg in Non-Cash Work Cap	-29	-2	-3	6
+ (Inc) Dec in Accts Receiv	2	-3	-9	16
+ (Inc) Dec in Inventories	-32	2	18	-18
+ (Inc) Dec in Prepaid Assets	1	-4	-3	-3
+ Inc (Dec) in Accts Payable	1	3	-7	11
+ Inc (Dec) in Other	-1	-1	-3	- -
+ Net Cash From Disc Ops	- -	- -	- -	- -
Cash from Operating Activities	-23	9	16	-8
+ Change in Fixed & Intang	- -	- -	- -	- -
+ Disp in Fixed & Intang	- -	- -	- -	- -
+ Disp of Fixed Prod Assets	- -	- -	- -	- -
+ Disp of Intangible Assets	- -	- -	- -	- -
+ Acq of Fixed & Intang	-18	-38	-25	-14
+ Acq of Fixed Prod Assets	-18	-38	-25	-14
+ Acq of Intangible Assets	- -	- -	- -	- -
+ Cash (Repurchase) of Equity	- -	-32	-26	- -
+ Increase in Capital Stock	- -	- -	- -	- -
+ Decrease in Capital Stock	- -	-32	-26	- -
+ Net Change in LT Investment	- -	- -	- -	- -
+ Dec in LT Investment	- -	- -	- -	- -
+ Inc in LT Investment	- -	- -	- -	- -
+ Net Cash From Acq & Div	-15	-24	-74	- -
+ Cash from Divestitures	- -	- -	- -	- -
+ Cash for Acq of Subs	-15	-24	-74	- -
+ Cash for JVs	- -	- -	- -	- -
+ Other Investing Activities	35	1	- -	20
+ Net Cash From Disc Ops	- -	- -	- -	- -
Cash from Investing Activities	1	-60	-98	6
+ Dividends Paid	- -	- -	- -	- -
+ Net Cash From Debt	20	-38	34	-26
+ Cash From Debt	367	182	202	188
+ Repayments of Debt	-347	-220	-167	-214
+ Other Financing Activities	1	243	- -	-3
+ Net Cash From Disc Ops	- -	- -	- -	- -
Cash from Financing Activities	21	173	8	-29
Effect of Foreign Exchange Rates	- -	- -	- -	- -
Net Changes in Cash	-1	122	-74	-31
EBITDA	19	14	8	-16
EBITDA Margin (%)	9.87	6.47	2.59	-5.61
Free Cash Flow	-42	-29	-9	-23
Net Cash Paid for Acquisitions	15	24	74	- -
Free Cash Flow to Firm	- -	-18	-474	- -
Free Cash Flow to Equity	- -	-66	25	-49
Free Cash Flow per Basic Share	-0.69	-1.17	-0.15	-0.38
Price/Free Cash Flow	-121.85	6.41	11.72	8.73
Cash Flow to Net Income	2.37	0.92	-37.27	0.04
Capital Expenditures	-18	-38	-25	-14