Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Jul. 31, 2024	Jul. 31, 2023	Jul. 31, 2022
Cash flows from operating activities
Net income	$ 56,021	$ 69,286	$ 60,227
Adjustments to reconcile net income to net cash provided by operating activities:
Deferred income taxes	30	(267)	3,817
Depreciation and amortization	37,168	27,768	23,427
Loss (gain) on disposal of assets	981	157	(528)
Change in fair value of derivatives	716	34	(1,695)
Amortization of debt issuance costs	775	975	1,608
Impairment loss	1,200	0	0
Equity-based compensation	7,319	6,290	5,523
Inventory reserve adjustments	479	722	4,363
Change in operating assets and liabilities; net of acquisition:
Accounts receivable trade, net	(3,554)	(11,679)	(3,773)
Due from related party	(10,845)	0	0
Inventories	(61,863)	(33,894)	(18,818)
Prepaid expenses and other current assets	(2,773)	2,281	(3,293)
Other assets	(1,810)	(917)	1,258
Accounts payable	(1,239)	1,549	(262)
Accrued expenses	(11,143)	7,002	7,681
Deferred revenue	13	(6)	(2,830)
Other current and non-current liabilities	(3,679)	(2,776)	(3,920)
Net cash provided by operating activities	4,160	70,092	68,832
Cash flows from investing activities
Purchases of property and equipment	(27,967)	(72,843)	(44,644)
Proceeds from sales of property and equipment	307	271	910
Acquisition of business, net of cash acquired	(49,614)	0	0
Net cash used in investing activities	(77,274)	(72,572)	(43,734)
Cash flows from financing activities
Payments under line of credit	(47,000)	(121,000)	(98,000)
Borrowings under line of credit	135,000	24,000	84,000
Issuance of long-term debt	0	225,833	0
Payments of long-term debt	(10,000)	(120,166)	(11,347)
Proceeds from employee stock purchase plan	247	350	287
Taxes paid related to net share settlement of equity awards	(496)	(680)	(845)
Payment of equity issuance costs	(118)	0	0
Debt issuance costs	0	(2,671)	0
Payments of deferred offering costs	0	0	(270)
Net cash provided by (used in) financing activities	77,633	5,666	(26,175)
Net increase (decrease) in cash	4,519	3,186	(1,077)
Cash - Beginning of year	6,353	3,167	4,244
Cash - End of year	10,872	6,353	3,167
Supplemental cash flow information
Interest paid, net of amount capitalized	18,273	10,393	5,179
Income taxes paid	34,110	11,562	17,674
Non-cash investing and financing activities
Property and equipment additions in accounts payable and accrued expenses	8,547	3,360	1,694
Consideration payable for the acquisition of Sonoma-Cutrer in due to related party	1,342	0	0
Value of shares issued related to the acquisition of Sonoma-Cutrer	267,072	0	0
Nonrelated Party
Change in operating assets and liabilities; net of acquisition:
Accrued compensation	(5,350)	3,567	(3,953)
Related Party
Change in operating assets and liabilities; net of acquisition:
Accrued compensation	$ 1,714	$ 0	$ 0

Duckhorn Portfolio, Inc. 10-K