BEYOND MEAT INC
For the period ended Mar 30, 2024. Filed May 9, 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.
Mar 30, 2024 · Filed May 9, 2024
BYND$5.65-7.4%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Cash Flows
| BEYOND MEAT, INC. AND SUBSIDIARIES | ||
|---|---|---|
| Condensed Consolidated Statements of Cash Flows | ||
| (In thousands) | ||
| (unaudited) | ||
| Three Months Ended | ||
| March 30,2024 | April 1,2023 | |
| Cash flows from operating activities: | ||
| Net loss | $(54,361) | $(59,037) |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Depreciation and amortization | 6,969 | 6,049 |
| Non-cash lease expense | 2,074 | 1,783 |
| Share-based compensation expense | 6,075 | 9,565 |
| Loss on sale and write-down of fixed assets | 183 | 3,907 |
| Amortization of debt issuance costs | 984 | 984 |
| Equity in (income) losses of unconsolidated joint venture | (7) | 3,235 |
| Unrealized loss (gain) on foreign currency transactions | 2,173 | (731) |
| Net change in operating assets and liabilities: | ||
| Accounts receivable | (4,143) | (8,078) |
| Inventories | 7,162 | 13,779 |
| Prepaid expenses and other assets | 410 | 3,926 |
| Accounts payable | 214 | (13,271) |
| Accrued expenses and other current liabilities | 2,953 | (528) |
| Prepaid lease costs, non-current | (1,669) | (3,082) |
| Operating lease liabilities | (822) | (678) |
| Net cash used in operating activities | $(31,805) | $(42,177) |
| Cash flows from investing activities: | ||
| Purchases of property, plant and equipment | $(1,197) | $(5,302) |
| Proceeds from sale of fixed assets | 429 | 2,250 |
| Payments for investment in joint venture | — | (3,250) |
| Return of security deposits | 466 | — |
| Net cash used in investing activities | $(302) | $(6,302) |
| Cash flows from financing activities: | ||
| Principal payments under finance lease obligations | $(511) | $(33) |
| Proceeds from exercise of stock options | 5 | 136 |
| Payments of minimum withholding taxes on net share settlement of equity awards | (435) | (252) |
| Net cash used in financing activities | $(941) | $(149) |
| Net decrease in cash, cash equivalents and restricted cash | $(33,048) | $(48,628) |
| Cash, cash equivalents and restricted cash at the beginning of the period | 205,935 | 322,548 |
| Effect of exchange rate changes on cash | 597 | (328) |
| Cash, cash equivalents and restricted cash at the end of the period | $173,484 | $273,592 |
| (continued on the next page) | ||
| BEYOND MEAT, INC. AND SUBSIDIARIES | ||
|---|---|---|
| Condensed Consolidated Statements of Cash Flows | ||
| (In thousands) | ||
| (unaudited) | ||
| Three Months Ended | ||
| March 30,2024 | April 1,2023 | |
| Supplemental disclosures of cash flow information: | ||
| Cash paid during the period for: | ||
| Interest | $— | $— |
| Taxes | $2 | $— |
| Non-cash investing and financing activities: | ||
| Non-cash additions to property, plant and equipment | $809 | $2,474 |
| Operating lease right-of-use assets obtained in exchange for lease liabilities | $1,034 | $— |
| Reclassification of pre-paid lease costs to operating lease right-of-use assets | $39 | $519 |
| Non-cash additions to financing leases | $4,425 | $55 |
| (concluded) | ||
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