MEDIFAST INC
For the period ended Dec 31, 2023. Filed Feb 20, 2024.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2023 · Filed Feb 20, 2024
MED$13.03-2.5%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Income
(U.S. dollars in thousands, except per share amounts & dividend data)
| 2023 · 2022 · 2021 | |||||
|---|---|---|---|---|---|
| Revenue | $1,072,054 | $1,598,577 | $1,526,087 | ||
| Cost of sales | 296,204 | 458,163 | 398,490 | ||
| Gross profit | 775,850 | 1,140,414 | 1,127,597 | ||
| Selling, general, and administrative | 649,448 | 955,608 | 911,356 | ||
| Income from operations | 126,402 | 184,806 | 216,241 | ||
| Other income (expense) | |||||
| Interest income (expense) | 2,490 | (701) | (231) | ||
| Other (expense) income | (95) | (46) | 119 | ||
| 2,395 | (747) | (112) | |||
| Income before provision for income taxes | 128,797 | 184,059 | 216,129 | ||
| Provision for income taxes | 29,382 | 40,491 | 52,098 | ||
| Net income | $99,415 | $143,568 | $164,031 | ||
| Earnings per share - basic | $9.13 | $12.82 | $14.01 | ||
| Earnings per share - diluted | $9.10 | $12.73 | $13.89 | ||
| Weighted average shares outstanding | |||||
| Basic | 10,884 | 11,195 | 11,705 | ||
| Diluted | 10,921 | 11,276 | 11,813 | ||
| Cash dividends declared per share | $4.95 | $6.56 | $5.68 | ||
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