Freshpet, Inc. (FRPT) Financial Statements (2024 and earlier)

Company Profile

Business Address 400 PLAZA DRIVE, 1ST FLOOR
SECAUCUS, NJ 07094
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 204 - Grain Mill Products (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments132,73572,78867,2479,4727,5542,184
Cash and cash equivalents132,73572,78867,2479,4727,5542,184
Receivables57,57234,78018,43818,58112,32712,722
Inventory, net of allowances, customer advances and progress billings58,29035,57419,11912,5429,31710,118
Inventory58,29035,57419,11912,5429,31710,118
Prepaid expense9,7785,8343,3783,2761,0781,201
Other current assets3,5901,34991410,453682733
Total current assets:261,965150,325109,09654,32430,95826,958
Noncurrent Assets
Operating lease, right-of-use asset5,1656,5377,8669,154
Property, plant and equipment800,586583,922281,073165,288102,094100,599
Long-term investments and receivables25,41825,85627,894   
Long-term investments25,41825,85627,894   
Regulated entity, other noncurrent assets  3,272 600  
Other noncurrent assets28,42613,6704,7493,7592,1821,973
Other undisclosed noncurrent assets3,8238283,7103,0014,7304,371
Total noncurrent assets:863,418634,085325,292181,802109,007106,942
TOTAL ASSETS:1,125,383784,410434,388236,126139,965133,900
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities88,10457,56231,82340,80118,21716,693
Accounts payable55,08842,61216,45218,6689,1669,173
Accrued liabilities33,01614,95015,37122,1339,0517,519
Debt   1,185  
Other undisclosed current liabilities1,5101,3841,298   
Total current liabilities:89,61458,94633,12141,98618,21716,693
Noncurrent Liabilities
Long-term debt and lease obligation 5,7107,09862,875  
Long-term debt, excluding current maturities   54,466  
Finance lease, liability    
Liabilities, other than long-term debt4,200   273305
Other liabilities     273305
Operating lease, liability4,2005,7107,0988,409
Other undisclosed noncurrent liabilities  (5,710)(7,098)   
Total noncurrent liabilities:4,2005,7107,09862,875273305
Total liabilities:93,81464,65640,219104,86118,49016,997
Equity
Equity, attributable to parent1,031,569719,754394,169131,265121,474116,903
Common stock484341363635
Treasury stock, value(256)(256)(256)(256)(256) 
Additional paid in capital1,325,524955,710600,388334,299323,079312,783
Accumulated other comprehensive income (loss)1,370(120)(80)(79)(32)76
Accumulated deficit(295,117)(235,623)(205,924)(202,735)(201,353)(195,991)
Total equity:1,031,569719,754394,169131,265121,474116,903
TOTAL LIABILITIES AND EQUITY:1,125,383784,410434,388236,126139,965133,900

Income Statement (P&L) ($ in thousands)

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues595,344425,489318,790245,862193,237156,379
Revenue, net156,379
Cost of revenue
(Cost of Goods and Services Sold)
(409,311)(263,343)(185,880)(131,665)(103,247)(83,963)
Gross profit:186,033162,146132,910114,19789,99072,416
Operating expenses(238,016)(186,809)(134,908)(114,450)(94,876)(75,167)
Operating loss:(51,983)(24,663)(1,998)(253)(4,886)(2,751)
Nonoperating expense(3,498)(2,869)(1,125)(986)(399)(1,436)
Other nonoperating income (expense)1,71013875(102)(525)
Interest and debt expense(5,208)(2,882)(1,212)(991)(296)(910)
Other undisclosed income from continuing operations before equity method investments, income taxes5,208     
Loss from continuing operations before equity method investments, income taxes:(55,481)(30,414)(4,335)(2,229)(5,580)(5,098)
Loss from equity method investments(3,731)     
Other undisclosed income from continuing operations before income taxes  2,8821,212991296910
Loss from continuing operations before income taxes:(59,212)(27,532)(3,123)(1,239)(5,284)(4,187)
Income tax expense(282)(162)(65)(144)(77)(75)
Loss from continuing operations:(59,494)(27,694)(3,188)(1,383)(5,361)(4,262)
Loss before gain (loss) on sale of properties:(27,694)(3,188)(1,383)(5,361)(4,262)
Net loss:(59,494)(27,694)(3,188)(1,383)(5,361)(4,262)
Other undisclosed net loss attributable to parent  (2,005)    
Net loss available to common stockholders, diluted:(59,494)(29,699)(3,188)(1,383)(5,361)(4,262)

Comprehensive Income ($ in thousands)

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net loss:(59,494)(27,694)(3,188)(1,383)(5,361)(4,262)
Other comprehensive income 1,490     
Comprehensive loss:(58,004)(27,694)(3,188)(1,383)(5,361)(4,262)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent (2,046)(1)(48)(108)76
Comprehensive loss, net of tax, attributable to parent:(58,004)(29,740)(3,189)(1,430)(5,469)(4,186)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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