MEDIFAST INC (MED) financial statements (2022 and earlier)

Company profile

Business Address 11445 CRONHILL DRIVE
OWINGS MILLS, MD 21117
State of Incorp. DE
Fiscal Year End December 31
SIC 209 - Miscellaneous Food Preparations And Kindred (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments11017493101997767
Cash and cash equivalents1041647781755242
Short-term investments5111620242425
Receivables 111112
Inventory, net of allowances, customer advances and progress billings180534939191813
Inventory180534939191813
Prepaid expense1 5 212
Disposal group, including discontinued operation      0
Deferred tax assets   (4)
Other undisclosed current assets16665448
Total current assets:30723415414612510188
Noncurrent Assets
Operating lease, right-of-use asset241113
Property, plant and equipment56282620192029
Disposal group, including discontinued operation, noncurrent assets     00
Deferred income tax assets411
Other noncurrent assets6301200
Other undisclosed noncurrent assets   3   
Total noncurrent assets:91424124212029
TOTAL ASSETS:398276195169146121117
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:1631087660372423
Accounts payable713623222453
Accrued liabilities29231916754
Employee-related liabilities2517108   
Taxes payable33211  
Interest and dividends payable1714149643
Other undisclosed accounts payable and accrued liabilities191594 1012
Debt  3   0
Disposal group, including discontinued operation     01
Other undisclosed current liabilities74     
Total current liabilities:1701117960372424
Noncurrent Liabilities
Long-term debt and lease obligation26710    
Operating lease, liability26710
Liabilities, other than long-term debt    015
Deferred tax liabilities, net 015
Disposal group, including discontinued operation, liabilities      0
Other undisclosed noncurrent liabilities(26)(7)     
Total noncurrent liabilities:26710 015
Total liabilities:1961199060372529
Stockholders' equity
Stockholders' equity attributable to parent2021571051091099689
Common stock0000000
Treasury stock, value (5)(64)(31)   
Additional paid in capital128 953 
Accumulated other comprehensive income (loss)000(0)(0)(0)(0)
Retained earnings1901541691311049389
Total stockholders' equity:2021571051091099689
TOTAL LIABILITIES AND EQUITY:398276195169146121117

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues1,526935714501302275273
Revenue, net302275273
Cost of revenue(398)(237)(177)(121)(74)(69)(71)
Gross profit:1,128698537380228206201
Operating expenses(911)(564)(446)(311)(188)(179)(173)
Operating income:2161349169402729
Nonoperating income (expense)(0)011101
Other nonoperating income (expense)0(0)000(0)0
Income from continuing operations before income taxes:2161349271402730
Income tax expense(52)(31)(14)(15)(13)(9)(10)
Income from continuing operations:1641037856281820
Income from discontinued operations      0
Net income available to common stockholders, diluted:1641037856281820

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:1641037856281820
Other comprehensive income (loss)000(0)0(0)(0)
Comprehensive income, net of tax, attributable to parent:1641037856281820

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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