BEYOND MEAT INC
For the period ended Sep 28, 2024. Filed Nov 7, 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.
Sep 28, 2024 · Filed Nov 7, 2024
BYND$5.65-7.4%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Condensed Consolidated Statements of Cash Flows
| BEYOND MEAT, INC. AND SUBSIDIARIES | ||
|---|---|---|
| Condensed Consolidated Statements of Cash Flows | ||
| (In thousands) | ||
| (unaudited) | ||
| Nine Months Ended | ||
| September 28,2024 | September 30,2023 | |
| Cash flows from operating activities: | ||
| Net loss | $(115,416) | $(183,034) |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Depreciation and amortization | 17,464 | 17,707 |
| Non-cash lease expense | 6,198 | 5,997 |
| Share-based compensation expense | 17,753 | 23,791 |
| Provision for doubtful accounts | 232 | — |
| Loss on sale of fixed assets | 493 | 3,876 |
| Amortization of debt issuance costs | 2,951 | 2,951 |
| Equity in losses of unconsolidated joint venture | 61 | 3,864 |
| Write-off of note receivable | — | 3,795 |
| Unrealized (gain) loss on foreign currency transactions | (1,118) | 2,740 |
| Net change in operating assets and liabilities: | ||
| Accounts receivable | (2,977) | (1,806) |
| Inventories | 5,361 | 40,470 |
| Prepaid expenses and other current assets | 144 | 1,282 |
| Accounts payable | (797) | 8,335 |
| Accrued expenses and other current liabilities | 7,135 | (2,752) |
| Prepaid lease costs, non-current | (4,933) | (3,254) |
| Operating lease liabilities | (2,412) | (3,244) |
| Net cash used in operating activities | $(69,861) | $(79,282) |
| Cash flows from investing activities: | ||
| Purchases of property, plant and equipment | $(4,540) | $(8,567) |
| Proceeds from sale of fixed assets | 4,093 | 2,477 |
| Payments for investment in joint venture | — | (3,250) |
| Return of security deposits | 437 | — |
| Net cash used in investing activities | $(10) | $(9,340) |
| Cash flows from financing activities: | ||
| Principal payments under finance lease obligations | $(683) | $(168) |
| Proceeds from exercise of stock options | 18 | 171 |
| Payments of minimum withholding taxes on net share settlement of equity awards | (617) | (391) |
| Net cash used in financing activities | $(1,282) | $(388) |
| Net decrease in cash, cash equivalents and restricted cash | $(71,153) | $(89,010) |
| Effect of exchange rate changes on cash | 108 | (704) |
| Cash, cash equivalents and restricted cash at the beginning of the period | 205,935 | 322,548 |
| Cash, cash equivalents and restricted cash at the end of the period | $134,890 | $232,834 |
| (continued on the next page) | ||
| BEYOND MEAT, INC. AND SUBSIDIARIES | ||
|---|---|---|
| Condensed Consolidated Statements of Cash Flows | ||
| (In thousands) | ||
| (unaudited) | ||
| Nine Months Ended | ||
| September 28,2024 | September 30,2023 | |
| Supplemental disclosures of cash flow information: | ||
| Cash paid during the period for: | ||
| Taxes | $16 | $9 |
| Non-cash investing and financing activities: | ||
| Non-cash additions to property, plant and equipment | $5,482 | $2,038 |
| Operating lease right-of-use assets obtained in exchange for lease liabilities | $1,755 | $36,400 |
| Reclassification of pre-paid lease costs to operating lease right-of-use assets | $123 | $28,046 |
| Non-cash additions to financing leases | $4,618 | $— |
| (concluded) | ||
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.