HF Foods Group Inc
For the period ended Sep 30, 2024. Filed Nov 12, 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.
Sep 30, 2024 · Filed Nov 12, 2024
HFFG$1.45-2.7%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 Balance Sheets (Unaudited)
Condensed Consolidated Balance Sheets
(In thousands, except share data)
| September 30, 2024 | December 31, 2023 | |
|---|---|---|
| ASSETS | ||
| CURRENT ASSETS: | ||
| Cash | $11,445 | $15,232 |
| Accounts receivable, net of allowances of $2,077 and $2,119 | 51,728 | 47,524 |
| Accounts receivable - related parties | 226 | 308 |
| Inventories | 119,508 | 105,618 |
| Prepaid expenses and other current assets | 10,012 | 10,145 |
| TOTAL CURRENT ASSETS | 192,919 | 178,827 |
| Property and equipment, net | 146,073 | 133,136 |
| Operating lease right-of-use assets | 14,981 | 12,714 |
| Long-term investments | 2,374 | 2,388 |
| Customer relationships, net | 139,257 | 147,181 |
| Trademarks, trade names and other intangibles, net | 26,339 | 30,625 |
| Goodwill | 85,118 | 85,118 |
| Other long-term assets | 5,689 | 6,531 |
| TOTAL ASSETS | $612,750 | $596,520 |
| LIABILITIES AND SHAREHOLDERS' EQUITY | ||
| CURRENT LIABILITIES: | ||
| Checks issued not presented for payment | $12,018 | $4,494 |
| Line of credit | 66,911 | 58,564 |
| Accounts payable | 51,566 | 51,617 |
| Accounts payable - related parties | 74 | 397 |
| Current portion of long-term debt, net | 5,410 | 5,450 |
| Current portion of obligations under finance leases | 3,301 | 1,749 |
| Current portion of obligations under operating leases | 4,147 | 3,706 |
| Accrued expenses and other liabilities | 19,684 | 17,287 |
| TOTAL CURRENT LIABILITIES | 163,111 | 143,264 |
| Long-term debt, net of current portion | 104,658 | 108,711 |
| Obligations under finance leases, non-current | 17,726 | 11,229 |
| Obligations under operating leases, non-current | 11,180 | 9,414 |
| Deferred tax liabilities | 27,853 | 29,028 |
| Other long-term liabilities | 2,612 | 6,891 |
| TOTAL LIABILITIES | 327,140 | 308,537 |
| COMMITMENTS AND CONTINGENCIES (Note 13) | ||
| 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; 54,734,585 and 54,153,391 shares issued and 52,737,162 and 52,155,968 shares outstanding as of September 30, 2024 and December 31, 2023, respectively | 5 | 5 |
| Treasury stock, at cost; 1,997,423 shares as of September 30, 2024 and December 31, 2023 | (7,750) | (7,750) |
| Additional paid-in capital | 604,110 | 603,094 |
| Accumulated deficit | (313,305) | (308,688) |
| TOTAL SHAREHOLDERS’ EQUITY ATTRIBUTABLE TO HF FOODS GROUP INC. | 283,060 | 286,661 |
| Noncontrolling interests | 2,550 | 1,322 |
| TOTAL SHAREHOLDERS’ EQUITY | 285,610 | 287,983 |
| TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY | $612,750 | $596,520 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.