Vital Farms Inc
For the period ended Sep 29, 2024. Filed Nov 7, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 29, 2024 · Filed Nov 7, 2024
VITL$10.01-0.4%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 1. Condensed Consolidated Balance Sheets
CONDENSED CONSOLIDATED BALANCE SHEETS
| September 29,2024 | December 31,2023 | |
|---|---|---|
| (Unaudited) | ||
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $149,534 | $84,149 |
| Investment securities, available-for-sale | 13,480 | 32,667 |
| Accounts receivable, net of allowance for credit losses of $559 and $550 as of September 29, 2024 and December 31, 2023, respectively | 47,752 | 39,699 |
| Inventories | 33,392 | 32,895 |
| Prepaid expenses and other current assets, net of allowance for credit losses of $192 and $227 as of September 29, 2024 and December 31, 2023, respectively | 6,446 | 6,114 |
| Income taxes receivable | 990 | — |
| Total current assets | 251,594 | 195,524 |
| Property, plant and equipment, net | 69,269 | 66,839 |
| Operating lease right-of-use assets | 17,324 | 8,911 |
| Goodwill and other assets | 6,481 | 3,904 |
| Total assets | $344,668 | $275,178 |
| Liabilities and Stockholders’ Equity | ||
| Current liabilities: | ||
| Accounts payable | $35,883 | $33,485 |
| Accrued liabilities | 33,345 | 24,218 |
| Operating lease liabilities, current | 4,665 | 3,057 |
| Finance lease liabilities, current | 3,852 | 3,255 |
| Income taxes payable | — | 1,206 |
| Total current liabilities | 77,745 | 65,221 |
| Operating lease liabilities, non-current | 3,675 | 5,771 |
| Finance lease liabilities, non-current | 9,023 | 10,481 |
| Other liabilities | 865 | 1,028 |
| Total liabilities | $91,308 | $82,501 |
| Commitments and contingencies (Note 19) | ||
| Stockholders’ equity: | ||
| Preferred stock, $0.0001 par value per share, 10,000,000 shares authorized as of September 29, 2024 and December 31, 2023; no shares issued and outstanding as of September 29, 2024 and December 31, 2023 | — | — |
| Common stock, $0.0001 par value per share, 310,000,000 shares authorized as of September 29, 2024 and December 31, 2023; 43,705,476 and 41,684,649 shares issued and outstanding as of September 29, 2024 and December 31, 2023, respectively | 4 | 4 |
| Additional paid-in capital | 180,887 | 163,325 |
| Retained earnings | 72,533 | 29,725 |
| Accumulated other comprehensive loss | (64) | (377) |
| Total stockholders’ equity | $253,360 | $192,677 |
| Total liabilities and stockholders’ equity | $344,668 | $275,178 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.