← Freshpet, Inc.
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | ($3.2m) | ($4.3m) | ($5.4m) | ($1.4m) | ($3.2m) | ($29.7m) | ($59.5m) | ($33.6m) | $46.9m | $139.1m | — | |
| Depreciation, Depletion and Amortization | $9.9m | $12.7m | $14.1m | $15.9m | $20.8m | $29.5m | $34.3m | $58.2m | $69.5m | $86.4m | $97.2m | |
| Amortization of Debt Issuance Costs | $150k | ($271k) | — | $300k | — | $0 | $0 | ($2.0m) | $0 | $0 | — | |
| Amortization of Debt Issuance Costs and Discounts | — | $427k | $115k | $211k | $834k | $1.2m | $795k | $4.1m | $2.1m | $0 | — | |
| Depreciation Amortization Depletion | — | — | — | — | — | — | $34.6m | $58.5m | $73.6m | $89.7m | $97.2m | |
| Deferred Income Tax Expense (Benefit) | — | — | — | — | — | — | — | $0 | $0 | ($68.8m) | ($47.3m) | |
| Deferred Tax | — | — | — | — | — | — | — | $0 | $0 | ($68.8m) | ($47.3m) | |
| Share-based Payment Arrangement, Noncash Expense | $4.2m | $4.4m | $6.8m | $7.8m | $10.9m | $25.0m | $26.1m | $24.9m | $51.8m | $13.9m | $14.4m | |
| Payment, Tax Withholding, Share-based Payment Arrangement | — | — | $300k | $1.3m | $2.6m | $4.2m | $1.4m | $1.4m | $2.6m | $3.0m | — | |
| Share-based Payment Arrangement, Expense | $4.2m | $4.4m | $6.8m | $7.8m | $10.9m | $25.0m | $23.5m | $19.8m | $49.8m | $13.9m | $14.4m | |
| Share-based Payment Arrangement, Expensed and Capitalized, Amount | — | — | — | — | $200k | $71k | $0 | — | — | — | $14.4m | |
| Asset Impairment Charge | — | — | — | — | — | $349k | $3.5m | — | — | — | — | |
| Income (Loss) from Equity Method Investments | — | — | — | $0 | $0 | ($2.0m) | ($3.7m) | ($1.9m) | $0 | $0 | — | |
| Nonoperating Income (Expense) | ($880k) | ($1.4m) | ($399k) | ($986k) | ($1.1m) | ($2.9m) | ($3.5m) | ($1.1m) | $9.5m | ($4.9m) | — | |
| Other Nonoperating Income (Expense) | ($182k) | ($525k) | — | $5k | $87k | $13k | $1.7m | $13.0m | $11.9m | $9.2m | — | |
| Earnings (Loss)es From Equity Investments | — | — | — | — | — | — | $3.7m | $1.9m | $0 | $0 | $0 | |
| Changes in operating assets and liabilities: | ||||||||||||
| Change In Working Capital | — | — | — | — | — | — | ($54.1m) | $14.3m | ($13.7m) | ($32.2m) | ($1.9m) | |
| Increase (Decrease) in Accounts Receivable | $1.9m | $3.9m | ($410k) | $8.0m | ($166k) | $16.4m | $33.0m | ($820k) | $12.2m | $6.9m | ($5.1m) | |
| Accounts Receivable, Credit Loss Expense (Reversal) | — | — | ($15k) | $15k | ($23k) | $29k | ($20k) | ($2k) | $467k | $12.1m | ($5.1m) | |
| Change In Receivables | — | — | — | — | — | — | ($33.0m) | $820k | ($12.2m) | ($6.9m) | ($5.1m) | |
| Changes In Account Receivables | — | — | — | — | — | — | ($33.0m) | $820k | ($12.2m) | ($6.9m) | ($5.1m) | |
| Increase (Decrease) in Inventories | ($1.6m) | $5.0m | ($702k) | $3.3m | $6.8m | $16.8m | $26.2m | $1.2m | $15.5m | ($3.8m) | $3.2m | |
| Inventory Write-down | — | — | — | $113k | $232k | $349k | $3.5m | $0 | $347k | $0 | — | |
| Change In Inventory | — | — | — | — | — | — | ($26.2m) | ($1.2m) | ($15.5m) | $3.8m | $3.2m | |
| Increase (Decrease) in Accounts Payable | $854k | $2.7m | $195k | $2.8m | ($5.9m) | $15.0m | ($3.1m) | $3.5m | $12.5m | $1.3m | ($6.5m) | |
| Change In Payables And Accrued Expense | — | — | — | — | — | — | $10.0m | $22.8m | $20.3m | ($22.1m) | ($6.5m) | |
| Change In Accrued Expense | — | — | — | — | — | — | $13.1m | $19.2m | $7.8m | ($23.4m) | $8.3m | |
| Change In Other Current Assets | — | — | — | — | — | — | ($3.1m) | ($4.1m) | ($5.1m) | ($4.1m) | ($4.8m) | |
| Change In Other Current Liabilities | — | — | — | — | — | — | ($1.4m) | ($1.8m) | ($1.5m) | ($1.7m) | ($2.0m) | |
| Net Cash Provided by (Used in) Operating Activities | $12.8m |
$10.3m
-19.76%
|
$18.6m
+80.86%
|
$16.3m
-12.16%
|
$21.2m
+29.89%
|
$647k
-96.95%
|
($43.2m)
-6781.14%
|
$75.9m
+275.68%
|
$154.3m
+103.17%
|
$160.6m
+4.07%
|
$206.6m
+28.69%
|
|
| Cash flows from investing activities: | ||||||||||||
| Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber Property | ($190k) | ($104k) | ($142k) | ($787k) | ($1.8m) | ($538k) | ($396k) | ($4.3m) | ($1.3m) | ($2.2m) | ($65.4m) | |
| Capital Expenditure | — | — | — | — | — | — | ($230.1m) | ($239.1m) | ($187.1m) | ($148.2m) | ($145.6m) | |
| Net Cash Provided by (Used in) Investing Activities | ($26.7m) | ($13.0m) | ($16.3m) | ($70.6m) | ($162.5m) | ($322.1m) | ($233.4m) | ($239.1m) | ($187.1m) | ($148.2m) | ($45.6m) | |
| Cash flows from financing activities: | ||||||||||||
| Issuance Of Debt | — | — | — | — | — | — | $78.0m | $393.5m | $0 | $0 | $0 | |
| Long Term Debt Issuance | — | — | — | — | — | — | $0 | $393.5m | $0 | $0 | $0 | |
| Long Term Debt Payments | — | — | — | — | — | — | $0 | ($1.1m) | ($2.0m) | ($2.1m) | ($2.6m) | |
| Net Issuance Payments Of Debt | — | — | — | — | — | — | $0 | $392.4m | ($2.0m) | ($2.1m) | ($2.6m) | |
| Net Long Term Debt Issuance | — | — | — | — | — | — | $0 | $392.4m | ($2.0m) | ($2.1m) | ($2.6m) | |
| Net Short Term Debt Issuance | — | — | — | — | — | $0 | $0 | $0 | $0 | — | $0 | |
| Repayment Of Debt | — | — | — | — | — | — | ($78.0m) | ($1.1m) | ($2.0m) | ($2.1m) | ($2.6m) | |
| Short Term Debt Payments | — | — | — | — | — | $0 | ($78.0m) | $0 | $0 | — | $0 | |
| Payments for Repurchase of Common Stock | — | — | $256k | — | — | — | — | — | — | — | — | |
| Common Stock Issuance | — | — | — | — | — | $332.2m | $337.5m | $0 | $0 | — | $0 | |
| Issuance Of Capital Stock | — | — | — | — | — | $332.2m | $337.5m | $0 | $0 | — | $0 | |
| Net Other Financing Charges | — | — | — | — | — | — | ($1.4m) | ($69.6m) | ($2.6m) | ($3.0m) | ($4.8m) | |
| Net Cash Provided by (Used in) Financing Activities | $9.8m |
$1.0m
-89.66%
|
$3.1m
+203.99%
|
$56.2m
+1732.33%
|
$199.0m
+253.96%
|
$327.0m
+64.28%
|
$336.5m
+2.92%
|
$327.3m
-2.75%
|
$4.6m
-98.60%
|
($3.0m)
-166.47%
|
($53.9m)
-1676.57%
|
|
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | — | — | — | — | — | — | — | ($28.2m) | $9.3m | $350.8m | |
| Beginning Cash Position | — | — | — | — | — | — | $72.8m | $132.7m | $296.9m | $268.6m | $243.7m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | — | — | — | — | — | — | $268.6m | $278.0m | $350.8m | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Proceeds from Stock Options Exercised | $2.8m | $8.3m | $3.3m | $4.5m | $5.4m | $2.3m | $471k | $4.5m | $9.1m | $2.1m | — | |
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $445k | $519k | $184k | $522k | $1.1m | $1.7m | $3.2m | $9.3m | $10.2m | $11.5m | — | |
| Income Taxes Paid, Net | $77k | $59k | $69k | $9k | $88k | $182k | $297k | $308k | $193k | $910k | — | |
| Additional Financial Items | ||||||||||||
| Income Tax Expense (Benefit) | $66k | $75k | $77k | $144k | $65k | $162k | $282k | $210k | $598k | ($68.4m) | — | |
| Interest Expense Nonoperating | — | — | — | — | — | — | — | — | $12.3m | $14.1m | — | |
| Payments of Financing Costs | — | — | — | $723k | $824k | $3.3m | $0 | — | — | — | — | |
| Cash Flow From Continuing Financing Activities | — | — | — | — | — | — | $336.5m | $327.3m | $4.6m | ($3.0m) | ($53.9m) | |
| Cash Flow From Continuing Investing Activities | — | — | — | — | — | — | ($233.4m) | ($239.1m) | ($187.1m) | ($148.2m) | ($45.6m) | |
| Change In Account Payable | — | — | — | — | — | — | ($3.1m) | $3.5m | $12.5m | $1.3m | ($6.5m) | |
| Change In Cash Supplemental As Reported | — | — | — | — | — | — | $59.9m | $164.1m | ($28.2m) | $9.3m | — | |
| Change In Payable | — | — | — | — | — | — | ($3.1m) | $3.5m | $12.5m | $1.3m | ($6.5m) | |
| Change In Prepaid Assets | — | — | — | — | — | — | ($435k) | ($2.2m) | $269k | ($1.3m) | $5.0m | |
| Changes In Cash | — | — | — | — | — | — | $59.9m | $164.1m | ($28.2m) | $9.3m | $107.1m | |
| End Cash Position | — | — | — | — | — | — | $132.7m | $296.9m | $268.6m | $278.0m | $350.8m | |
| Financing Cash Flow | — | — | — | — | — | — | $336.5m |
$327.3m
-2.75%
|
$4.6m
-98.60%
|
($3.0m)
-166.47%
|
($53.9m)
-1676.57%
|
|
| Free Cash Flow | — | — | — | — | — | — | ($273.3m) | ($163.2m) | ($32.8m) | $12.4m | $61.0m | |
| Gain Loss On Sale Of PPE | — | — | — | — | — | — | $396k | $4.3m | $1.3m | $2.2m | $1.1m | |
| Investing Cash Flow | — | — | — | — | — | — | ($233.4m) | ($239.1m) | ($187.1m) | ($148.2m) | ($45.6m) | |
| Net Business Purchase And Sale | — | — | — | — | — | $0 | ($3.3m) | $0 | $0 | — | $0 | |
| Net Investment Purchase And Sale | — | — | — | — | — | — | $0 | $0 | $0 | $0 | $100.0m | |
| Net PPE Purchase And Sale | — | — | — | — | — | — | ($230.1m) | ($239.1m) | ($187.1m) | ($148.2m) | ($145.6m) | |
| Operating Gains Losses | — | — | — | — | — | — | $4.1m | $6.2m | ($8.6m) | $2.2m | ($65.4m) | |
| Other Non Cash Items | — | — | — | — | — | — | $2.2m | $5.6m | $3.4m | $4.5m | — | |
| Proceeds From Stock Option Exercised | — | — | — | — | — | — | $471k | $4.5m | $9.1m | $2.1m | $7.9m | |
| Provisionand Write Offof Assets | — | — | — | — | — | — | $3.4m | ($2k) | $814k | $12.1m | $692k | |
| Purchase Of Business | — | — | — | — | — | $0 | ($3.3m) | $0 | $0 | — | $0 | |
| Purchase Of Investment | — | — | — | — | — | — | ($19.8m) | ($113.4m) | $0 | $0 | $0 | |
| Purchase Of PPE | $30.0m | $13.0m | $16.3m | $70.6m | $134.6m | $322.1m | ($230.1m) | ($239.1m) | ($187.1m) | ($148.2m) | ($145.6m) | |
| Sale Of Investment | — | — | — | — | — | — | $19.8m | $113.4m | $0 | $0 | $100.0m | |
| Stock Based Compensation | — | — | — | — | — | — | $26.1m | $24.9m | $51.8m | $13.9m | $14.4m |