Freshpet Inc
For the period ended Mar 31, 2024. Filed May 6, 2024.
View on SEC.govAbout this filing
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.
Mar 31, 2024 · Filed May 6, 2024
FRPT$67.35+4.6%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Financial Statements (Unaudited)Condensed Consolidated Balance Sheets
PART I—FINANCIAL INFORMATION
Item 1. Financial Statements
CONDENSED CONSOLIDATED BALANCE SHEETS
| March 31, | December 31, | |
|---|---|---|
| 2024 | 2023 | |
| ASSETS | ||
| CURRENT ASSETS: | ||
| Cash and cash equivalents | $257,894 | $296,871 |
| Accounts receivable, net of allowance for doubtful accounts | 68,507 | 56,754 |
| Inventories, net | 71,865 | 63,238 |
| Prepaid expenses | 5,757 | 7,615 |
| Other current assets | 2,935 | 2,841 |
| Total Current Assets | 406,958 | 427,319 |
| Property, plant and equipment, net | 1,005,759 | 979,164 |
| Deposits on equipment | 1,295 | 1,895 |
| Operating lease right of use assets | 3,237 | 3,616 |
| Long term investment in equity securities | 33,446 | 23,528 |
| Other assets | 29,895 | 28,899 |
| Total Assets | $1,480,590 | $1,464,421 |
| LIABILITIES AND STOCKHOLDERS' EQUITY | ||
| CURRENT LIABILITIES: | ||
| Accounts payable | $46,591 | $36,096 |
| Accrued expenses | 32,193 | 49,816 |
| Current operating lease liabilities | 1,174 | 1,312 |
| Current finance lease liabilities | 1,988 | 1,998 |
| Total Current Liabilities | $81,946 | $89,222 |
| Convertible senior notes | 393,588 | 393,074 |
| Long term operating lease liabilities | 2,333 | 2,591 |
| Long term finance lease liabilities | 24,879 | 26,080 |
| Total Liabilities | $502,746 | $510,967 |
| Commitments and contingencies | — | — |
| STOCKHOLDERS' EQUITY: | ||
| Common stock — voting, $0.001 par value, 200,000 shares authorized, 48,449 issued and 48,435 outstanding on March 31, 2024, and 48,277 issued and 48,263 outstanding on December 31, 2023 | 48 | 48 |
| Additional paid-in capital | 1,288,890 | 1,282,984 |
| Accumulated deficit | (310,129) | (328,731) |
| Accumulated other comprehensive loss | (709) | (591) |
| Treasury stock, at cost — 14 shares on March 31, 2024 and on December 31, 2023 | (256) | (256) |
| Total Stockholders' Equity | 977,844 | 953,454 |
| Total Liabilities and Stockholders' Equity | $1,480,590 | $1,464,421 |
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