MEDIFAST INC (MED) financial statements (2020 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)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments931019977675368
Cash and cash equivalents77817552422436
Short-term investments16202424252831
Receivables1111221
Inventory, net of allowances, customer advances and progress billings49391918131618
Inventory49391918131618
Prepaid expense5 2125 
Disposal group, including discontinued operation    00 
Deferred tax assets   (4)(2)(5)
Other undisclosed current assets65448810
Total current assets:154146125101888292
Noncurrent Assets
Operating lease, right-of-use asset13
Property, plant and equipment26201920293340
Intangible assets, net (including goodwill)      (3)
Intangible assets, net (excluding goodwill)      (3)
Disposal group, including discontinued operation, noncurrent assets   000
Deferred income tax assets1
Other noncurrent assets0120000
Other undisclosed noncurrent assets 3    3
Total noncurrent assets:41242120293441
TOTAL ASSETS:195169146121117116133
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:76603724232227
Accounts payable232224533 
Accrued liabilities19167546 
Employee-related liabilities108     
Taxes payable211   0
Interest and dividends payable149643  
Other undisclosed accounts payable and accrued liabilities94 10121327
Debt3   000
Disposal group, including discontinued operation   015 
Other undisclosed current liabilities      0
Total current liabilities:79603724242727
Noncurrent Liabilities
Long-term debt and lease obligation10    00
Capital lease obligations    00
Operating lease, liability10
Liabilities, other than long-term debt  01587
Deferred tax liabilities, net 01557
Disposal group, including discontinued operation, liabilities    03 
Total noncurrent liabilities:10 01587
Total liabilities:90603725293534
Stockholders' equity
Stockholders' equity attributable to parent10510910996898098
Common stock0000000
Treasury stock, value(64)(31)     
Additional paid in capital 953 1 
Accumulated other comprehensive income (loss)0(0)(0)(0)(0)01
Retained earnings16913110493897998
Total stockholders' equity:10510910996898098
TOTAL LIABILITIES AND EQUITY:195169146121117116133

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues714501302275273285357
Revenue, net302275273285(1)
Cost of revenue(177)(121)(74)(69)(71)(76)(89)
Gross profit:537380228206201209268
Operating expenses(446)(311)(188)(179)(173)(182)(246)
Other operating income, net
(Other Expenses)
      2
Other undisclosed operating income     310
Operating income:91694027293034
Nonoperating income1110111
Other nonoperating income (expense)000(0)010
Interest and debt expense      (0)
Other undisclosed income from continuing operations before equity method investments, income taxes      0
Income from continuing operations before income taxes:92714027303234
Income tax expense(14)(15)(13)(9)(10)(11)(10)
Income from continuing operations:78562818202124
Income (loss) from discontinued operations    0(8) 
Net income available to common stockholders, diluted:78562818201324

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income:78562818201324
Other comprehensive income (loss)0(0)0(0)(0)(0)0
Comprehensive income, net of tax, attributable to parent:78562818201324

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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