Freshpet, Inc. (FRPT) financial statements (2022 and earlier)

Company profile

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

Balance sheet (Statement of financial position) ($ in thousands)

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments72,788170,836280,323340,967 94,185
Cash and cash equivalents72,788170,836280,323340,967 84,185
Short-term investments     10,000
Receivables34,78032,21733,96228,818 21,644
Inventory, net of allowances, customer advances and progress billings35,57429,30524,59721,825 17,511
Inventory35,57429,30524,59721,825 17,511
Prepaid expense5,8343,8703,9402,496 3,411
Other current assets1,3491,5621,7951,936 731
Total current assets:150,325237,790344,617396,042 137,482
Noncurrent Assets
Operating lease, right-of-use asset6,5376,8747,2057,557 8,192
Property, plant and equipment583,922471,964391,934331,371 242,299
Long-term investments and receivables25,85626,73627,27627,658 27,750
Long-term investments25,85626,73627,27627,658 27,750
Regulated entity, other noncurrent assets3,272 3,668  1,300
Other noncurrent assets13,67011,7748,6517,727 4,551
Other undisclosed noncurrent assets8283,189793,617 4,369
Total noncurrent assets:634,085520,537438,813377,930 288,461
TOTAL ASSETS:784,410758,327783,430773,972 425,942
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities57,56227,38455,86644,525 22,701
Accounts payable42,61212,82839,15930,955 10,743
Accrued liabilities14,95014,55616,70713,570 11,958
Other undisclosed current liabilities1,3841,3591,3361,298 1,269
Total current liabilities:58,94628,74357,20245,823 23,970
Noncurrent Liabilities
Long-term debt and lease obligation5,7106,0666,4176,753 7,483
Operating lease, liability5,7106,0666,4176,753 7,483
Other undisclosed noncurrent liabilities(5,710)(6,066)(6,417)(6,753) (7,483)
Total noncurrent liabilities: 6,0666,4176,753 7,483
Total liabilities:64,65634,80963,61952,576 31,453
Stockholders' equity
Stockholders' equity attributable to parent719,754723,518719,811721,396 394,489
Common stock43434343 41
Treasury stock, value(256)(256)(256)(256) (256)
Additional paid in capital955,710949,995944,222938,242 597,369
Accumulated other comprehensive income (loss)(120)9389179 (38)
Accumulated deficit(235,623)(226,357)(224,287)(216,812) (202,626)
Total stockholders' equity:719,754723,518719,811721,396 394,489
TOTAL LIABILITIES AND EQUITY:784,410758,327783,430773,972 425,942

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

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
Revenues115,869107,590108,61693,414(234,268)84,190
Cost of revenue
(Cost of Goods and Services Sold)
(74,654)(66,065)(65,525)(57,099) (47,535)
Gross profit:41,21541,52543,09136,315 36,654
Operating expenses(48,854)(42,365)(49,557)(46,033) (32,895)
Operating income (loss):(7,639)(840)(6,466)(9,718) 3,760
Nonoperating income (expense)(2,864)2(2)(906) (191)
Other nonoperating income (expense) 2(2)(5) 25
Interest and debt expense(650)(677)(654)(901) (216)
Income (loss) from continuing operations before equity method investments, income taxes:(11,153)(1,515)(7,122)(11,525) 3,353
Other undisclosed income from continuing operations before income taxes2,882  901 216
Income (loss) from continuing operations before income taxes:(8,271)(1,515)(7,122)(10,624) 3,569
Income tax expense(114)(16)(16)(16) (22)
Net income (loss):(8,385)(1,531)(7,138)(10,640) 3,547
Other undisclosed net loss attributable to parent(881)(539)(337)(248)  
Net income (loss) available to common stockholders, diluted:(9,266)(2,070)(7,475)(10,888) 3,547

Comprehensive Income ($ in thousands)

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
Net income (loss):(8,385)(1,531)(7,138)(10,640) 3,547
Comprehensive income (loss):(8,385)(1,531)(7,138)(10,640) 3,547
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(1,095)(535)(428)11 368
Comprehensive income (loss), net of tax, attributable to parent:(9,480)(2,066)(7,566)(10,629) 3,916

Statements sources

The financial statements are based on the company's filings with the 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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