HF Foods Group Inc
For the period ended Dec 31, 2023. Filed Mar 26, 2024.
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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.
FY2023 · Filed Mar 26, 2024
HFFG$1.49+1.4%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets
(In thousands, except share data)
| December 31, 2023 | December 31, 2022 | |
|---|---|---|
| ASSETS | ||
| CURRENT ASSETS: | ||
| Cash | $15,232 | $24,289 |
| Accounts receivable, net of allowances of $2,119 and $1,442 | 47,524 | 44,186 |
| Accounts receivable - related parties | 308 | 213 |
| Inventories | 105,618 | 120,291 |
| Prepaid expenses and other current assets | 10,145 | 8,937 |
| TOTAL CURRENT ASSETS | 178,827 | 197,916 |
| Property and equipment, net | 133,136 | 140,330 |
| Operating lease right-of-use assets | 12,714 | 14,164 |
| Long-term investments | 2,388 | 2,679 |
| Customer relationships, net | 147,181 | 157,748 |
| Trademarks, trade names and other intangibles, net | 30,625 | 36,343 |
| Goodwill | 85,118 | 85,118 |
| Other long-term assets | 6,531 | 3,231 |
| TOTAL ASSETS | $596,520 | $637,529 |
| LIABILITIES AND SHAREHOLDERS' EQUITY | ||
| CURRENT LIABILITIES: | ||
| Checks issued not presented for payment | $4,494 | $21,946 |
| Line of credit | 58,564 | 53,056 |
| Accounts payable | 51,617 | 55,515 |
| Accounts payable - related parties | 397 | 1,529 |
| Current portion of long-term debt, net | 5,450 | 6,266 |
| Current portion of obligations under finance leases | 1,749 | 2,254 |
| Current portion of obligations under operating leases | 3,706 | 3,676 |
| Accrued expenses and other liabilities | 17,287 | 19,648 |
| TOTAL CURRENT LIABILITIES | 143,264 | 163,890 |
| Long-term debt, net of current portion | 108,711 | 115,443 |
| Obligations under finance leases, non-current | 11,229 | 11,441 |
| Obligations under operating leases, non-current | 9,414 | 10,591 |
| Deferred tax liabilities | 29,028 | 34,443 |
| Other long-term liabilities | 6,891 | 5,472 |
| TOTAL LIABILITIES | 308,537 | 341,280 |
| COMMITMENTS AND CONTINGENCIES (Note 16) | ||
| SHAREHOLDERS’ EQUITY: | ||
| Series A Participating Preferred Stock, par value $0.001; 100,000 shares authorized, no shares issued and outstanding | — | — |
| Preferred Stock, $0.001 par value; 1,000,000 shares authorized; no shares issued and outstanding | — | — |
| Common Stock, $0.0001 par value; 100,000,000 shares authorized; 54,153,391 and 53,813,777 shares issued and 52,155,968 and 53,813,777 shares outstanding as of December 31, 2023 and December 31, 2022, respectively | 5 | 5 |
| Treasury stock, at cost; 1,997,423 shares as of December 31, 2023, and zero shares as of December 31, 2022 | (7,750) | — |
| Additional paid-in capital | 603,094 | 598,322 |
| Accumulated deficit | (308,688) | (306,514) |
| TOTAL SHAREHOLDERS’ EQUITY ATTRIBUTABLE TO HF FOODS GROUP INC. | 286,661 | 291,813 |
| Noncontrolling interests | 1,322 | 4,436 |
| TOTAL SHAREHOLDERS’ EQUITY | 287,983 | 296,249 |
| TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY | $596,520 | $637,529 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.