← BEYOND MEAT, INC.
| Annual Trend | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | |||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||||
| Net Income (Loss) Attributable to Parent | ($30.4m) |
($29.9m)
+1.64%
|
($12.4m)
+58.37%
|
($52.8m)
-323.95%
|
($182.1m)
-245.21%
|
($366.1m)
-101.06%
|
($338.1m)
+7.65%
|
($160.3m)
+52.60%
|
$219.0m
+236.65%
|
— | |
| Depreciation, Depletion and Amortization | $3.2m | $4.9m | $8.1m | $13.3m | $21.7m | $32.6m | $48.1m | $23.1m | $32.8m | $30.6m | |
| Amortization of Debt Issuance Costs | — | $109k | $181k | $256k | $3.3m | $3.9m | $3.9m | $3.9m | $5.0m | — | |
| Deferred Income Tax Expense (Benefit) | — | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | — | |
| Share-based Payment Arrangement, Noncash Expense | — | $2.2m | $12.8m | $27.3m | $27.7m | $33.9m | $29.1m | $23.9m | $31.0m | $34.8m | |
| Payment, Tax Withholding, Share-based Payment Arrangement | — | — | — | $2.3m | $3.1m | $1.1m | $497k | $695k | $424k | — | |
| Share-based compensation expense | $665k | $2.2m | $12.8m | $27.3m | $27.7m | $33.9m | $29.1m | $23.9m | $31.0m | $34.8m | |
| Operating Lease, Impairment Loss | — | — | — | — | — | — | — | — | $865k | — | |
| Restructuring Costs and Asset Impairment Charges | — | $0 | $0 | — | — | — | — | — | — | — | |
| Loss from impairment of long-lived assets | — | — | — | — | — | — | $0 | $0 | $51.3m | — | |
| Income (Loss) from Equity Method Investments | — | — | — | — | ($3.0m) | ($18.9m) | ($3.9m) | ($73k) | ($78k) | — | |
| Nonoperating Income (Expense) | — | ($1.9m) | ($11.9m) | ($3.3m) | ($4.1m) | ($4.4m) | $7.7m | ($4.1m) | $552.7m | — | |
| Other Nonoperating Income (Expense) | — | $352k | $3.6m | ($759k) | ($487k) | ($420k) | $11.6m | ($10k) | $15.3m | — | |
| Changes in operating assets and liabilities: | |||||||||||
| Increase (Decrease) in Accounts Receivable | — | $9.0m | $27.5m | ($4.5m) | $8.5m | ($9.1m) | ($2.7m) | ($4.2m) | ($1.6m) | $11.1m | |
| Accounts Receivable, Credit Loss Expense (Reversal) | — | — | — | — | — | — | — | $221k | $1k | $11.1m | |
| Accounts receivable | ($2.7m) | ($9.0m) | ($27.5m) | $4.5m | ($8.5m) | $9.1m | $2.7m | $4.2m | $1.6m | $11.1m | |
| Increase (Decrease) in Inventories | — | $22.1m | $51.3m | $38.9m | $122.7m | ($2.6m) | ($106.1m) | ($15.6m) | ($31.7m) | $41.0m | |
| Inventory Write-down | — | $800k | $6.4m | $10.8m | $12.5m | $22.6m | $57.4m | — | — | — | |
| Inventories | ($2.0m) | ($22.1m) | ($51.3m) | ($38.9m) | ($122.7m) | $2.6m | $106.1m | $15.6m | $31.7m | $41.0m | |
| Increase (Decrease) in Accounts Payable | $2.4m | $10.5m | $10.1m | $16.0m | $21.7m | ($10.8m) | $3.0m | ($20.6m) | ($15.2m) | ($35.8m) | |
| Accrued expenses and other current liabilities | $464k | $3.8m | $2.7m | ($2.0m) | $14.0m | ($7.1m) | ($2.5m) | $4.5m | $28.8m | — | |
| Issuance costs of convertible debt, accrued not yet paid | — | — | — | — | — | — | $0 | $0 | $187k | — | |
| Prepaid expenses and other current assets | ($795k) | $325k | ($2.4m) | ($9.7m) | ($21.4m) | $11.6m | $12.9m | $2.0m | ($4.9m) | — | |
| Net Cash Provided by (Used in) Operating Activities | ($25.3m) |
($37.7m)
-49.25%
|
($47.0m)
-24.59%
|
($40.0m)
+14.90%
|
($301.4m)
-653.52%
|
($320.2m)
-6.26%
|
($107.8m)
+66.33%
|
($98.8m)
+8.36%
|
($144.9m)
-46.67%
|
($110.1m)
+24.02%
|
|
| Cash flows from investing activities: | |||||||||||
| Gain (Loss) on Disposition of Property Plant Equipment | $1.4m | $1.1m | $1.4m | $10.7m | $5.2m | $3.5m | ($16.6m) | $3.4m | $551k | ($73.7m) | |
| Payments to Acquire Property, Plant, and Equipment | $1.4m | $22.2m | $23.8m | $57.7m | $136.0m | $70.5m | $10.6m | $11.0m | $12.3m | ($9.9m) | |
| Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber Property | $1.4m | ($76k) | ($93k) | ($222k) | ($199k) | ($486k) | ($20.5m) | ($809k) | $551k | ($73.7m) | |
| Net Cash Provided by (Used in) Investing Activities | ($8.1m) | ($23.2m) | ($26.2m) | ($74.9m) | ($147.5m) | ($87.5m) | ($9.5m) | ($6.2m) | ($10.2m) | ($6.5m) | |
| Cash flows from financing activities: | |||||||||||
| Gain (Loss) on Extinguishment of Debt | — | — | — | ($1.5m) | ($1.0m) | $0 | $0 | — | — | — | |
| Gain on debt restructuring, net of exchange fees | — | — | — | — | — | — | $0 | $0 | ($557.9m) | — | |
| Payment of debt issuance costs | $0 | ($437k) | $0 | ($1.2m) | ($23.6m) | $0 | $0 | $0 | ($15.6m) | — | |
| Payments for Repurchase of Common Stock | — | $514k | $0 | $0 | — | — | — | — | — | — | |
| Proceeds from Issuance of Common Stock | $0 | $0 | $37.4m | $0 | $0 | $0 | $0 | $46.7m | $148.7m | $148.7m | |
| Issuance of common stock in conjunction with the exchange of 2027 Notes | — | — | $0 | $0 | $2.5m | — | $0 | $0 | $214.6m | $148.7m | |
| Conversion of 2030 Notes to common stock | — | — | — | — | — | — | $0 | $0 | $3k | — | |
| Issuance of common stock warrants in connection with delayed draw term loans | — | — | — | — | — | — | $0 | $0 | $16.5m | $148.7m | |
| Payments of minimum withholding taxes on net share settlement of equity awards | — | $0 | $0 | ($2.3m) | ($3.1m) | ($1.1m) | ($497k) | ($695k) | ($424k) | — | |
| Net Cash Provided by (Used in) Financing Activities | $55.4m |
$76.2m
+37.48%
|
$294.9m
+286.98%
|
($1.8m)
-100.60%
|
$1.0b
+58120.54%
|
$276k
-99.97%
|
($550k)
-299.28%
|
$45.8m
+8423.09%
|
$223.4m
+388.04%
|
$184.5m
-17.40%
|
|
| Net increase (decrease) in cash, cash equivalents and restricted cash | — | $15.2m | $221.7m | ($116.7m) | $573.5m | ($407.5m) | ($117.9m) | ($59.3m) | $68.2m | — | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | $15.2m | $221.7m | ($116.7m) | $573.5m | ($407.5m) | ($117.9m) | ($59.3m) | $68.2m | $185.2m | |
| Cash, cash equivalents and restricted cash at the beginning of the period | $39.0m | $54.3m | $276.0m | $159.1m | $733.3m | $322.5m | $205.9m | $145.6m | $217.5m | — | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | $54.3m | $276.0m | $159.1m | $733.3m | $322.5m | $205.9m | $145.6m | $217.5m | $185.2m | |
| Effect of foreign currency exchange rate changes on cash | — | $0 | $0 | ($204k) | $694k | ($3.2m) | $1.3m | ($1.1m) | $3.7m | — | |
| Additional Supplementary Disclosures | |||||||||||
| Additional Supplementary Disclosures | |||||||||||
| Proceeds from Stock Options Exercised | $379k | $1.4m | $2.7m | $9.0m | $8.1m | $1.6m | $170k | $924k | $6k | — | |
| Supplemental disclosure of cash flow information: | |||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $269k | $924k | $3.0m | $2.6m | $348k | $10k | $0 | $0 | $0 | — | |
| Income Taxes Paid, Net | $3k | $4k | $9k | $18k | ($10k) | $38k | ($1k) | $6k | $0 | — | |
| Additional Financial Items | |||||||||||
| Foreign Currency Transaction Gain (Loss), before Tax | — | — | — | ($200k) | ($200k) | ($4.9m) | $1.1m | ($6.3m) | $11.8m | — | |
| Foreign Currency Transaction Gain (Loss), Unrealized | — | — | — | $0 | $0 | ($5.1m) | $1.8m | ($5.1m) | $12.1m | — | |
| Income Tax Expense (Benefit) | — | $1k | $9k | $72k | $60k | $32k | $5k | ($26k) | $0 | — | |
| Interest Expense Nonoperating | — | — | — | — | — | — | — | $4.1m | $14.0m | — | |
| Operating Expenses | — | $45.6m | $100.2m | $171.6m | $292.2m | $319.0m | $259.2m | $197.8m | $341.3m | — | |
| Operating Lease, Expense | — | — | — | $2.3m | $3.4m | $5.2m | $8.1m | $8.3m | $4.0m | — | |
| Non-cash lease expense | — | — | $0 | $2.3m | $3.4m | $5.2m | $8.1m | $8.3m | $4.0m | — | |
| Provision for credit losses | — | — | — | — | — | $0 | $0 | $221k | $1k | — | |
| Loss on write-down and sale of fixed assets | — | — | — | — | — | — | $20.5m | $809k | $49.3m | — | |
| Equity in losses of unconsolidated joint venture | — | — | $0 | $0 | $3.0m | $18.9m | $3.9m | $73k | $78k | — | |
| Remeasurement of warrant liability | $385k | $1.1m | $12.5m | $0 | $0 | — | $0 | $0 | ($15.1m) | — | |
| Change in derivative liability | — | — | — | — | — | — | $0 | $0 | $12.3m | — | |
| Write-down of note receivable | — | — | — | — | $0 | $0 | $3.8m | $0 | $136k | — | |
| Unrealized (gains) losses on foreign currency transactions | — | — | — | $0 | $0 | $5.1m | $1.8m | $5.1m | ($12.1m) | — | |
| Prepaid lease costs, non-current | — | — | $0 | $0 | ($59.2m) | ($55.1m) | ($4.2m) | ($6.5m) | ($8.3m) | — | |
| Operating lease liabilities | — | — | $0 | ($2.2m) | ($3.5m) | ($4.3m) | ($3.3m) | ($3.2m) | ($3.2m) | — | |
| Long-term liabilities | $49k | $278k | $21k | $0 | $0 | — | $0 | $0 | $220k | — | |
| Proceeds from sale of fixed assets | $0 | $67k | $0 | $0 | $0 | $0 | $4.3m | $4.3m | $1.9m | — | |
| Proceeds from note receivable on assets previously held for sale | — | — | $299k | $599k | $0 | $0 | $0 | $0 | $84k | — | |
| Payments for investment in joint venture | — | — | $0 | $0 | ($11.0m) | ($13.2m) | ($3.2m) | $0 | $0 | — | |
| Proceeds from security deposits | — | — | — | — | — | ($981k) | $0 | $435k | $32k | — | |
| Proceeds from delayed draw term loans, net of issuance costs | $0 | $20.0m | $0 | $0 | — | — | $0 | $0 | $100.0m | — | |
| Payment of equity issuance costs | $0 | ($2.4m) | $0 | $0 | — | — | $0 | $0 | ($6.5m) | — | |
| Principal payments under finance lease obligations | — | ($153k) | ($55k) | ($70k) | ($177k) | ($210k) | ($223k) | ($1.2m) | ($2.7m) | — | |
| Proceeds from exercise of stock options | $379k | $1.4m | $2.7m | $9.0m | $8.1m | $1.6m | $170k | $924k | $6k | — | |
| Re-classification of prepaid issuance costs to additional paid-in-capital related to ATM program | — | — | — | — | — | — | $0 | $0 | $2.0m | — | |
| Issuance of 2030 Notes in conjunction with the exchange of 2027 Notes, including PIK | — | — | — | — | — | — | $0 | $0 | $334.2m | — | |
| Operating lease right-of-use assets obtained in exchange for lease liabilities | — | — | $0 | $4.7m | $16.7m | $37.2m | $36.4m | $1.8m | $1.9m | — | |
| Reclassification of pre-paid lease costs to finance lease right-of-use assets | — | — | — | $0 | $0 | $29.0m | $28.1m | $131k | $19.9m | — | |
| Reclassification of operating lease right-of-use assets to finance lease right-of-use assets | — | — | — | — | — | — | $0 | $0 | $115.6m | — | |
| Non-cash addition to financing leases | — | — | $0 | $0 | $580k | $280k | $0 | $4.3m | $10.2m | — |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.