MEDIFAST INC
For the period ended Dec 31, 2023. Filed Feb 20, 2024.
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FY2023 · Filed Feb 20, 2024
MED$13.37+4.4%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets
As of December 31, 2023 and 2022
(U.S. dollars in thousands, except par value)
| 2023 | 2022 | |
|---|---|---|
| ASSETS | ||
| Current Assets | ||
| Cash and cash equivalents | $94,440 | $87,691 |
| Inventories | 54,591 | 118,856 |
| Investments | 55,601 | — |
| Income taxes, prepaid | 8,727 | — |
| Prepaid expenses and other current assets | 10,670 | 16,237 |
| Total current assets | 224,029 | 222,784 |
| Property, plant and equipment - net of accumulated depreciation | 51,467 | 57,185 |
| Right-of-use assets | 15,645 | 18,460 |
| Other assets | 14,650 | 12,456 |
| Deferred tax assets | 4,117 | 5,328 |
| TOTAL ASSETS | $309,908 | $316,213 |
| LIABILITIES AND STOCKHOLDERS' EQUITY | ||
| Current Liabilities | ||
| Accounts payable and accrued expenses | $86,415 | $134,690 |
| Income taxes payable | — | 428 |
| Current lease obligations | 5,885 | 5,776 |
| Total current liabilities | 92,300 | 140,894 |
| Lease obligations, net of current lease obligations | 16,127 | 20,275 |
| Total liabilities | 108,427 | 161,169 |
| Commitments (Note 12) | ||
| Stockholders' Equity | ||
| Common stock, par value 0.001 per share: 20,000 shares authorized; | ||
| 10,896 and 10,928 issued and 10,896 and 10,873 outstanding | ||
| at December 31, 2023 and December 31, 2022, respectively | 11 | 11 |
| Additional paid-in capital | 26,573 | 21,555 |
| Accumulated other comprehensive income | 248 | 24 |
| Retained earnings | 174,649 | 139,852 |
| Less: treasury stock at cost, 0 and 54 shares at December 31, 2023 and December 31, 2022, respectively | — | (6,398) |
| Total stockholders' equity | 201,481 | 155,044 |
| TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY | $309,908 | $316,213 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.