BEYOND MEAT INC
For the period ended Dec 31, 2024. Filed Mar 5, 2025.
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FY2024 · Filed Mar 5, 2025
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Item 2. Properties
Our principal facilities, which are leased except where otherwise indicated, are as follows:
| Primary Use | Location | Approximate Area (SF) | Expiration of Lease |
|---|---|---|---|
| United States: | |||
| Production of woven protein and dry blend flavor systems | Columbia, MO | 26,000 | 6/30/2025 |
| Production of woven protein and dry blend flavor systems | Columbia, MO | 64,000 | 8/01/2028 |
| Warehousing and dry blending | Columbia, MO | 142,000 | Owned |
| Production of finished goods | Devault, PA | 86,000 | Owned |
| Corporate headquarters, lab and innovation (“Campus Headquarters”)(1) | El Segundo, CA | 282,000 | 11/30/2033 |
| International: | |||
| Production of woven protein and dry blend flavor systems | Enschede, the Netherlands | 46,000 | Owned |
| Production of woven protein and finished goods | Jiaxing, China | 38,000 | 9/09/2027 |
| Research and development | Shanghai, China | 12,000 | 1/11/2030 |
(1) As of December 31, 2024, Phase 1-A and Phase 1-B consisting of approximately 142,000 rentable square feet has been completed and delivered to the Company. See Note 10, Commitments and Contingencies, to the Notes to Consolidated Financial Statements included elsewhere in this report.
In 2022, we entered into an agreement to purchase certain property on a neighboring site to our manufacturing facility in Europe located in Enschede, the Netherlands, for cash consideration of approximately €6.3 million, of which a €0.9 million deposit was made during 2022. Given our intention to reduce our overall operating expenses and cash expenditures, on February 2, 2024, we terminated the purchase agreement and entered into a lease agreement with the subsequent purchaser of the property to lease the approximately 114,000 square foot property, which is being used as a warehouse.
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