MEDIFAST INC (MED) financial statements (2021 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)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1749310199776753
Cash and cash equivalents164778175524224
Short-term investments11162024242528
Receivables1111122
Inventory, net of allowances, customer advances and progress billings53493919181316
Inventory53493919181316
Prepaid expense 5 2125
Disposal group, including discontinued operation     00
Deferred tax assets   (4)(2)
Other undisclosed current assets6654488
Total current assets:2341541461251018882
Noncurrent Assets
Operating lease, right-of-use asset1113
Property, plant and equipment28262019202933
Disposal group, including discontinued operation, noncurrent assets    000
Deferred income tax assets11
Other noncurrent assets3012000
Other undisclosed noncurrent assets  3    
Total noncurrent assets:42412421202934
TOTAL ASSETS:276195169146121117116
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:108766037242322
Accounts payable36232224533
Accrued liabilities2319167546
Employee-related liabilities17108    
Taxes payable3211   
Interest and dividends payable14149643 
Other undisclosed accounts payable and accrued liabilities1594 101213
Debt 3   00
Disposal group, including discontinued operation    015
Other undisclosed current liabilities4      
Total current liabilities:111796037242427
Noncurrent Liabilities
Long-term debt and lease obligation710    0
Capital lease obligations    0
Operating lease, liability710
Liabilities, other than long-term debt   0158
Deferred tax liabilities, net 0155
Disposal group, including discontinued operation, liabilities     03
Other undisclosed noncurrent liabilities(7)      
Total noncurrent liabilities:710 0158
Total liabilities:119906037252935
Stockholders' equity
Stockholders' equity attributable to parent157105109109968980
Common stock0000000
Treasury stock, value(5)(64)(31)    
Additional paid in capital8 953 1
Accumulated other comprehensive income (loss)00(0)(0)(0)(0)0
Retained earnings154169131104938979
Total stockholders' equity:157105109109968980
TOTAL LIABILITIES AND EQUITY:276195169146121117116

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues935714501302275273285
Revenue, net302275273285
Cost of revenue(237)(177)(121)(74)(69)(71)(76)
Gross profit:698537380228206201209
Operating expenses(564)(446)(311)(188)(179)(173)(182)
Other undisclosed operating income      3
Operating income:134916940272930
Nonoperating income0111011
Other nonoperating income (expense)(0)000(0)01
Income from continuing operations before income taxes:134927140273032
Income tax expense(31)(14)(15)(13)(9)(10)(11)
Income from continuing operations:103785628182021
Income (loss) from discontinued operations     0(8)
Net income available to common stockholders, diluted:103785628182013

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income:103785628182013
Other comprehensive income (loss)00(0)0(0)(0)(0)
Comprehensive income, net of tax, attributable to parent:103785628182013

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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