← Freshpet, Inc.

Annual Trend FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Cash flows from operating activities:
Adjustments to reconcile net income to net cash provided by operating activities:
Net Income From Continuing Operations — — — — — — ($59.5m) ($33.6m) $46.9m $139.1m
Net Income (Loss) Attributable to Parent ($3.2m) ($4.3m) ($5.4m) ($1.4m) ($3.2m) ($29.7m) ($59.5m) ($33.6m) $46.9m $139.1m
Net Income (Loss) Available to Common Stockholders, Basic ($3.2m) ($4.3m) ($5.4m) ($1.4m) ($3.2m) ($29.7m) ($59.5m) ($33.6m) $46.9m $139.1m
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest — — ($5.4m) ($1.4m) — — — — — —
Depreciation, Depletion and Amortization $9.9m $12.7m $14.1m $15.9m $20.8m $29.5m $34.3m $58.2m $69.5m $86.4m
Amortization of Debt Issuance Costs $150k ($271k) — $300k — $0 $0 ($2.0m) $0 $0
Amortization of Debt Issuance Costs and Discounts — $427k $115k $211k $834k $1.2m $795k $4.1m $2.1m $0
Depreciation Amortization Depletion — — — — — — $34.6m $58.5m $73.6m $89.7m
Deferred Income Tax Expense (Benefit) — — — — — — — — — ($68.8m)
Deferred Income Tax — — — — — — — $0 $0 ($68.8m)
Deferred Tax — — — — — — — $0 $0 ($68.8m)
Share-based Payment Arrangement, Noncash Expense $4.2m $4.4m $6.8m $7.8m $10.9m $25.0m $26.1m $24.9m $51.8m $13.9m
Payment, Tax Withholding, Share-based Payment Arrangement — — $300k $1.3m $2.6m $4.2m $1.4m $1.4m $2.6m $3.0m
Share-based Payment Arrangement, Expense $4.2m $4.4m $6.8m $7.8m $10.9m $25.0m $23.5m $19.8m $49.8m $13.9m
Share-based Payment Arrangement, Expensed and Capitalized, Amount — — — — $200k $71k $0 — — —
Asset Impairment Charge — — — — — $349k $3.5m — — —
Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber Property ($190k) ($104k) ($142k) ($787k) ($1.8m) ($538k) ($396k) ($4.3m) ($1.3m) ($2.2m)
Income (Loss) from Equity Method Investments — — — $0 $0 ($2.0m) ($3.7m) ($1.9m) $0 $0
Income Tax Expense (Benefit) $66k $75k $77k $144k $65k $162k $282k $210k $598k ($68.4m)
Interest Expense Nonoperating — — — — — — — — $12.3m $14.1m
Other Nonoperating Income (Expense) ($182k) ($525k) — $5k $87k $13k $1.7m $13.0m $11.9m $9.2m
Earnings (Loss)es From Equity Investments — — — — — — $3.7m $1.9m $0 $0
Changes in operating assets and liabilities:
Additional Financial Items
Increase (Decrease) in Accounts Receivable $1.9m $3.9m ($410k) $8.0m ($166k) $16.4m $33.0m ($820k) $12.2m $6.9m
Increase (Decrease) in Inventories ($1.6m) $5.0m ($702k) $3.3m $6.8m $16.8m $26.2m $1.2m $15.5m ($3.8m)
Increase (Decrease) in Accounts Payable $854k $2.7m $195k $2.8m ($5.9m) $15.0m ($3.1m) $3.5m $12.5m $1.3m
Accounts Receivable, Credit Loss Expense (Reversal) — — ($15k) $15k ($23k) $29k ($20k) ($2k) $467k $12.1m
Proceeds from Stock Options Exercised $2.8m $8.3m $3.3m $4.5m $5.4m $2.3m $471k $4.5m $9.1m $2.1m
Inventory Write-down — — — $113k $232k $349k $3.5m $0 $347k $0
Nonoperating Income (Expense) ($880k) ($1.4m) ($399k) ($986k) ($1.1m) ($2.9m) ($3.5m) ($1.1m) $9.5m ($4.9m)
Payments of Financing Costs — — — $723k $824k $3.3m $0 — — —
Beginning Cash Position — — — — — — $72.8m $132.7m $296.9m $268.6m
Cash Flow From Continuing Financing Activities — — — — — — $336.5m $327.3m $4.6m ($3.0m)
Cash Flow From Continuing Investing Activities — — — — — — ($233.4m) ($239.1m) ($187.1m) ($148.2m)
Change In Account Payable — — — — — — ($3.1m) $3.5m $12.5m $1.3m
Change In Accrued Expense — — — — — — $13.1m $19.2m $7.8m ($23.4m)
Change In Inventory — — — — — — ($26.2m) ($1.2m) ($15.5m) $3.8m
Change In Other Current Assets — — — — — — ($3.1m) ($4.1m) ($5.1m) ($4.1m)
Change In Other Current Liabilities — — — — — — ($1.4m) ($1.8m) ($1.5m) ($1.7m)
Change In Payable — — — — — — ($3.1m) $3.5m $12.5m $1.3m
Change In Payables And Accrued Expense — — — — — — $10.0m $22.8m $20.3m ($22.1m)
Change In Prepaid Assets — — — — — — ($435k) ($2.2m) $269k ($1.3m)
Change In Receivables — — — — — — ($33.0m) $820k ($12.2m) ($6.9m)
Change In Working Capital — — — — — — ($54.1m) $14.3m ($13.7m) ($32.2m)
Changes In Account Receivables — — — — — — ($33.0m) $820k ($12.2m) ($6.9m)
Changes In Cash — — — — — — $59.9m $164.1m ($28.2m) $9.3m
End Cash Position — — — — — — $132.7m $296.9m $268.6m $278.0m
Financing Cash Flow — — — — — — $336.5m $327.3m $4.6m ($3.0m)
Free Cash Flow — — — — — — ($273.3m) ($163.2m) ($32.8m) $12.4m
Gain Loss On Sale Of PPE — — — — — — $396k $4.3m $1.3m $2.2m
Investing Cash Flow — — — — — — ($233.4m) ($239.1m) ($187.1m) ($148.2m)
Issuance Of Capital Stock — — — — — $332.2m $337.5m $0 $0 —
Net Business Purchase And Sale — — — — — $0 ($3.3m) $0 $0 —
Net PPE Purchase And Sale — — — — — — ($230.1m) ($239.1m) ($187.1m) ($148.2m)
Operating Gains Losses — — — — — — $4.1m $6.2m ($8.6m) $2.2m
Other Non Cash Items — — — — — — $2.2m $5.6m $3.4m $4.5m
Proceeds From Stock Option Exercised — — — — — — $471k $4.5m $9.1m $2.1m
Provisionand Write Offof Assets — — — — — — $3.4m ($2k) $814k $12.1m
Purchase Of Business — — — — — $0 ($3.3m) $0 $0 —
Purchase Of PPE $30.0m $13.0m $16.3m $70.6m $134.6m $322.1m ($230.1m) ($239.1m) ($187.1m) ($148.2m)
Stock Based Compensation — — — — — — $26.1m $24.9m $51.8m $13.9m
Net Cash Provided by (Used in) Operating Activities $12.8m $10.3m $18.6m $16.3m $21.2m $647k ($43.2m) $75.9m $154.3m $160.6m
Cash flows from investing activities:
Capital Expenditure — — — — — — ($230.1m) ($239.1m) ($187.1m) ($148.2m)
Net Investment Purchase And Sale — — — — — — $0 $0 $0 $0
Purchase Of Investment — — — — — — ($19.8m) ($113.4m) $0 $0
Sale Of Investment — — — — — — $19.8m $113.4m $0 $0
Net Cash Provided by (Used in) Investing Activities ($26.7m) ($13.0m) ($16.3m) ($70.6m) ($162.5m) ($322.1m) ($233.4m) ($239.1m) ($187.1m) ($148.2m)
Cash flows from financing activities:
Issuance Of Debt — — — — — — $78.0m $393.5m $0 $0
Long Term Debt Issuance — — — — — — $0 $393.5m $0 $0
Net Issuance Payments Of Debt — — — — — — $0 $392.4m ($2.0m) ($2.1m)
Net Long Term Debt Issuance — — — — — — $0 $392.4m ($2.0m) ($2.1m)
Net Short Term Debt Issuance — — — — — $0 $0 $0 $0 —
Short Term Debt Issuance — — — — — $0 $78.0m $0 $0 —
Long Term Debt Payments — — — — — — $0 ($1.1m) ($2.0m) ($2.1m)
Repayment Of Debt — — — — — — ($78.0m) ($1.1m) ($2.0m) ($2.1m)
Short Term Debt Payments — — — — — $0 ($78.0m) $0 $0 —
Common Stock Issuance — — — — — $332.2m $337.5m $0 $0 —
Net Common Stock Issuance — — — — — $332.2m $337.5m $0 $0 —
Payments for Repurchase of Common Stock — — $256k — — — — — — —
Net Other Financing Charges — — — — — — ($1.4m) ($69.6m) ($2.6m) ($3.0m)
Net Cash Provided by (Used in) Financing Activities $9.8m $1.0m $3.1m $56.2m $199.0m $327.0m $336.5m $327.3m $4.6m ($3.0m)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect — — — — — — — — ($28.2m) $9.3m
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents — — — — — — — — $268.6m $278.0m
Supplemental disclosure of cash flow information:
Change In Cash Supplemental As Reported — — — — — — $59.9m $164.1m ($28.2m) $9.3m
Interest Paid, Excluding Capitalized Interest, Operating Activities $445k $519k $184k $522k $1.1m $1.7m $3.2m $9.3m $10.2m $11.5m
Income Taxes Paid, Net $77k $59k $69k $9k $88k $182k $297k $308k $193k $910k

Data sourced from SEC EDGAR 10-K filings via EdgarTools. Amounts are shown in USD as reported in each fiscal year filing.