BEYOND MEAT INC

For the period ended Dec 31, 2024. Filed Mar 5, 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 Mar 5, 2025

BYND$5.65-7.4%Stored close · as of Nov 10, 2026

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Contents

Item 8. Consolidated Statements of Cash Flows

BEYOND MEAT, INC. AND SUBSIDIARIES
Consolidated Statements of Cash Flows
(In thousands)
	Year Ended December 31,
	2024	2023	2022
Cash flows from operating activities:
Net loss	$(160,278)	$(338,144)	$(366,137)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization	23,121	48,094	32,582
Non-cash lease expense	8,279	8,140	5,167
Share-based compensation expense	23,923	29,098	33,857
Provision for credit losses	221	—	—
Loss on sale and write-down of fixed assets	809	20,515	486
Amortization of debt issuance costs	3,934	3,934	3,934
Equity in losses of unconsolidated joint venture	73	3,902	18,948
Write-down of note receivable	—	3,795	—
Unrealized loss (gain) on foreign currency transactions	5,113	(1,822)	5,106
Net change in operating assets and liabilities:
Accounts receivable	4,193	2,717	9,063
Inventories	15,576	106,087	2,572
Prepaid expenses and other current assets	2,013	12,873	11,595
Accounts payable	(20,564)	3,004	(10,826)
Accrued expenses and other current liabilities	4,511	(2,492)	(7,148)
Prepaid lease costs, non-current	(6,502)	(4,245)	(55,110)
Operating lease liabilities	(3,235)	(3,281)	(4,333)
Net cash used in operating activities	$(98,813)	$(107,825)	$(320,244)
Cash flows from investing activities:
Purchases of property, plant and equipment	$(11,015)	$(10,564)	$(70,475)
Proceeds from sale of fixed assets	4,348	4,323	—
Purchases of property, plant and equipment held for sale	—	—	(2,821)
Payments for investment in joint venture	—	(3,250)	(13,250)
Proceeds from (payment of) security deposits	435	—	(981)
Net cash used in investing activities	$(6,232)	$(9,491)	$(87,527)
(continued on the next page)

BEYOND MEAT, INC. AND SUBSIDIARIES
Consolidated Statements of Cash Flows
(In thousands)
	Year Ended December 31,
	2024	2023	2022
Cash flows from financing activities:
Proceeds from issuance of common stock pursuant to the ATM offering, net of issuance costs	$46,725	$—	$—
Principal payments under finance lease obligations	(1,177)	(223)	(210)
Proceeds from exercise of stock options	924	170	1,626
Payments of minimum withholding taxes on net share settlement of equity awards	(695)	(497)	(1,140)
Net cash provided by (used in) financing activities	$45,777	$(550)	$276
Net decrease in cash, cash equivalents and restricted cash	(59,268)	(117,866)	(407,495)
Cash, cash equivalents and restricted cash at the beginning of the period	205,935	322,549	733,294
Effect of exchange rate changes on cash	(1,113)	1,252	(3,250)
Cash, cash equivalents and restricted cash at the end of the period	$145,554	$205,935	$322,549
Supplemental disclosures of cash flow information:
Cash paid (received) during the period for:
Interest	$—	$—	$10
Taxes	$6	$(1)	$38
Non-cash investing and financing activities:
Non-cash additions to property, plant and equipment	$3,428	$909	$3,507
Operating lease right-of-use assets obtained in exchange for lease liabilities	$1,755	$36,400	$37,245
Reclassification of pre-paid lease costs to operating lease right-of-use assets	$131	$28,082	$29,000
Non-cash addition to financing leases	$4,308	$—	$280
(concluded)

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