← MEDIFAST 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 (Loss) Attributable to Parent | $17.8m | $27.7m | $55.8m | $77.9m | $102.9m | $164.0m | $143.6m | $99.4m | $2.1m | ($18.7m) | |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent | $17.8m | $27.7m | $55.8m | — | — | — | — | — | — | — | |
| Depreciation, Depletion and Amortization | $5.4m | $4.2m | $4.4m | $4.6m | $7.3m | $6.8m | $11.0m | $13.1m | $12.7m | $14.2m | |
| Capitalized Computer Software, Amortization | — | — | — | — | $200k | — | — | — | — | — | |
| Depreciation | $5.4m | $4.2m | $4.4m | $4.6m | $7.3m | $6.8m | $7.9m | $10.0m | $17.4m | $10.5m | |
| Deferred Income Tax Expense (Benefit) | ($2.8m) | ($623k) | ($2.7m) | $1.6m | $601k | ($3.7m) | ($924k) | $1.2m | ($7.4m) | $11.5m | |
| Share-based Payment Arrangement, Noncash Expense | $3.4m | $4.3m | $3.1m | $4.5m | $6.8m | $9.9m | $11.1m | $8.2m | $7.4m | $7.6m | |
| Share-based Payment Arrangement, Expense | — | — | — | — | — | $9.9m | $11.1m | $8.2m | $7.4m | $7.6m | |
| Restructuring Costs and Asset Impairment Charges | — | — | — | — | — | — | — | — | $12.5m | $12.5m | |
| Gain (Loss) on Disposition of Property Plant Equipment | ($12k) | ($94k) | ($48k) | ($17k) | ($212k) | ($2k) | ($2.1m) | ($1.2m) | ($89k) | ($1.4m) | |
| Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber Property | $12k | $94k | $3k | $17k | $212k | $2k | $2.1m | $1.2m | $89k | $1.4m | |
| Income Tax Expense (Benefit) | $9.3m | $12.6m | $14.8m | $14.4m | $31.4m | $52.1m | $40.5m | $29.4m | $1.7m | $13.0m | |
| Operating Lease, Expense | — | — | — | — | $3.6m | $5.6m | $6.7m | $5.1m | $4.9m | $4.9m | |
| Other Nonoperating Income (Expense) | ($20k) | $136k | $179k | $29k | ($140k) | $119k | ($46k) | ($95k) | — | $3.1m | |
| Changes in operating assets and liabilities: | |||||||||||
| Additional Financial Items | |||||||||||
| Increase (Decrease) in Accounts Receivable | ($246k) | ($815k) | ($122k) | $4.1m | ($297k) | — | — | — | — | — | |
| Increase (Decrease) in Inventories | $5.0m | $1.0m | $18.7m | $9.9m | $4.6m | $126.7m | ($61.2m) | ($64.3m) | ($12.2m) | ($22.2m) | |
| Accounts Receivable, Credit Loss Expense (Reversal) | — | — | — | $3.6m | $556k | — | — | — | — | — | |
| Proceeds from Stock Options Exercised | $299k | $568k | $547k | $278k | $1.6m | $800k | — | $188k | $36k | $0 | |
| Debt and Equity Securities, Realized Gain (Loss) | — | — | — | $0 | $0 | $0 | $0 | ($150k) | $4.1m | ($17k) | |
| Debt Securities, Realized Gain (Loss) | — | — | — | — | — | — | $0 | $0 | $95k | $3.3m | |
| Equipment Expense | $700k | $200k | $100k | — | — | — | — | — | — | — | |
| Equity Securities, FV-NI, Gain (Loss) | — | — | — | — | — | — | $0 | $150k | ($4.1m) | ($17k) | |
| Equity Securities, FV-NI, Realized Gain (Loss) | — | — | — | — | — | — | $0 | $0 | $0 | ($17k) | |
| Equity Securities, FV-NI, Unrealized Gain (Loss) | — | — | — | — | — | — | $0 | $150k | ($4.1m) | $17k | |
| Marketable Securities, Unrealized Gain (Loss) | — | — | — | $36k | $87k | $21k | $0 | ($150k) | $4.1m | ($17k) | |
| Nonoperating Income (Expense) | $263k | $694k | $1.5m | $1.3m | $106k | ($112k) | ($747k) | $2.4m | $909k | $8.6m | |
| Restructuring Costs | — | — | — | — | — | — | $12.2m | — | — | — | |
| Revenue from Contract with Customer, Including Assessed Tax | — | — | — | — | — | $1.5b | $1.6b | — | — | — | |
| Unrealized Gain (Loss) on Investments | — | — | — | — | — | — | $0 | $150k | — | ($17k) | |
| Net Cash Provided by (Used in) Operating Activities | $25.4m | $43.2m | $60.8m | $84.3m | $145.2m | $94.5m | $194.6m | $147.7m | $24.5m | $6.9m | |
| Cash flows from investing activities: | |||||||||||
| Payments to Acquire Property, Plant, and Equipment | $2.9m | $3.2m | $4.9m | $10.1m | $5.9m | $34.2m | $16.7m | $6.5m | $7.5m | $5.6m | |
| Payments to Acquire Investments | $26.6m | $7.0m | — | — | — | — | — | — | — | — | |
| Gain (Loss) on Sale of Investments | ($313k) | ($82k) | ($3k) | — | — | — | — | — | — | — | |
| Net Cash Provided by (Used in) Investing Activities | ($2.0m) | ($3.2m) | ($1.2m) | ($6.3m) | ($1.3m) | ($29.1m) | ($11.4m) | ($61.0m) | ($26.5m) | ($7.9m) | |
| Cash flows from financing activities: | |||||||||||
| Repayments of Long-term Debt | $219k | — | — | — | — | — | — | — | — | — | |
| Payments for Repurchase of Common Stock | — | — | $30.0m | $33.1m | $5.0m | $56.0m | $126.4m | $3.6m | $0 | $0 | |
| Dividends paid | $11.9m | $15.4m | $23.2m | $35.4m | $53.2m | $63.9m | $71.6m | $73.0m | $715k | $195k | |
| Payments of Dividends | $11.9m | $15.4m | $23.2m | $35.4m | $53.2m | $63.9m | $71.6m | $73.0m | $715k | $195k | |
| Dividends Payable, Current | $4.0m | $6.1m | $9.1m | $13.7m | $13.8m | $17.2m | $19.6m | $1.4m | $648k | $295k | |
| Net Cash Provided by (Used in) Financing Activities | ($12.9m) | ($17.4m) | ($53.3m) | ($82.3m) | ($57.1m) | ($125.1m) | ($199.6m) | ($79.8m) | ($1.5m) | ($564k) | |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | — | — | — | $112k | ($67k) | ($72k) | $47k | $4k | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | $10.4m | $22.6m | $6.3m | ($4.4m) | $86.7m | ($59.5m) | ($16.5m) | $6.7m | ($3.5m) | ($1.6m) | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | — | $77.0m | $163.7m | $104.2m | $87.7m | $94.4m | $90.9m | $89.3m | |
| Cash, Cash Equivalents, and Short-term Investments | — | — | — | — | — | — | $87.7m | $149.2m | $165.6m | $166.4m | |
| Supplemental disclosure of cash flow information: | |||||||||||
| Income Taxes Paid, Net | $11.6m | $13.6m | $14.6m | $17.3m | $24.6m | $56.8m | $37.2m | $34.3m | ($1.6m) | $10.5m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.