MEDIFAST INC
For the period ended Dec 31, 2024. Filed Feb 18, 2025.
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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.
FY2024 · Filed Feb 18, 2025
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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Item 8. Consolidated Statements of Cash Flows
CONSOLIDATED STATEMENTS OF CASH FLOWS
| 2024 | 2023 | 2022 | |
|---|---|---|---|
| Operating Activities | |||
| Net income | $2,091 | $99,415 | $143,568 |
| Adjustments to reconcile net income to cash provided by operating activities | |||
| Depreciation and amortization | 12,707 | 13,107 | 10,980 |
| Non-cash lease expense | 4,490 | 4,607 | 6,098 |
| Share-based compensation | 7,363 | 8,188 | 11,053 |
| Loss on sale of disposal of property, plant and equipment | 89 | 1,172 | 2,130 |
| Realized gain on sale of investment securities | (95) | — | — |
| Amortization of (discount) premium on investment securities | (799) | (169) | 14 |
| Deferred income taxes | (7,403) | 1,211 | (924) |
| Unrealized loss (gain) on equity investment securities | 4,089 | (150) | — |
| Non-cash charges for supply chain optimization | 11,689 | — | — |
| Change in operating assets and liabilities: | |||
| Inventories | 12,170 | 64,265 | 61,187 |
| Income taxes | 10,212 | (9,155) | 1,373 |
| Prepaid expenses and other current assets | 2,471 | 5,567 | 97 |
| Other assets | 396 | (4,694) | (3,412) |
| Accounts payable and accrued expenses | (34,994) | (35,707) | (37,594) |
| Net cash flow provided by operating activities | 24,476 | 147,657 | 194,570 |
| Investing Activities | |||
| Purchase of investment securities | (46,595) | (59,756) | — |
| Proceeds from sale and maturities of investment securities | 27,529 | 5,192 | 5,267 |
| Purchase of property and equipment | (7,454) | (6,483) | (16,681) |
| Net cash flow used in investing activities | (26,520) | (61,047) | (11,414) |
| Financing Activities | |||
| Options exercised by executives and directors | 36 | 188 | — |
| Net shares repurchased for taxes | (836) | (3,358) | (1,516) |
| Cash dividends paid to stockholders | (715) | (73,017) | (71,620) |
| Stock repurchases | — | (3,602) | (126,445) |
| Net cash flow used in financing activities | (1,515) | (79,789) | (199,581) |
| Foreign currency impact | 47 | (72) | (67) |
| Increase (Decrease) in cash and cash equivalents | (3,512) | 6,749 | (16,492) |
| Cash and cash equivalents - beginning of the period | 94,440 | 87,691 | 104,183 |
| Cash and cash equivalents - end of period | $90,928 | $94,440 | $87,691 |
| Supplemental disclosure of cash flow information | |||
| Income taxes (refunded) paid | $(1,617) | $34,255 | $37,212 |
| Dividends included in accounts payable and accrued expenses | $648 | $1,407 | $19,641 |
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