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FRPT Price Correlated With Financials For Freshpet

Free historical financial statements for Freshpet Inc. See how revenue, income, cash flow, and balance sheet financials have changed over 30 quarters since 2015. Compare with FRPT stock chart to see long term trends.

FRPT Stock Compared to Quarterly

FRPT Income Statement

Revenue, Net:146007000
Revenue Per Share:3.0532
Cost of Goods & Services Sold:94927000
Gross Profit:51080000
Selling, General & Admin Expense:69215000
Operating Income:-19828000
Income Taxes:41000
Net Income:-20586000
Earnings Per Share, Basic:-0.45
Shares Outstanding, Basic Avg:47820427

FRPT Cash Flow

Operating Activities Net Income:
Depreciation, Depletion & Amortization:7881000
Change in Accounts Receiveable:9615000
Net Cash from Operations:-27617000
Net Cash from Operations Per Share:-0.5775
Net Cash from Financing Activities:364056000
Property, Plant & Equipment Purchases:38984000
Net Cash from Investing Activities:-58824000
Net Change in Cash & Equivalents:277615000

FRPT Balance Sheet

Cash and Cash Equivalents:307345000
Short-Term Investments:19840000
Accounts Receivable, Net:62090000
Inventories:60679000
Total Current Assets:454721000
Property, Plant & Equipment, Net:662527000
Total Assets:1173514000
Accounts Payable:39507000
Current Portion of Long-Term Debt:10449000
Total Short-Term Liabilities:70839000
Long Term Debt, Non-Current Portion:65036000
Total Liabilities:140846000

Major Holders (from 13F filings)

Investment Type
Change
Value (x$1000)
increase or decrease
Vanguard Group Inc
3,829,031 sh
20,974 sh
1%
$393,011
$30,217
Blackrock Inc.
3,519,018 sh
-54,194 sh
-2%
$361,191
$20,771
Wasatch Advisors Inc
3,479,089 sh
170,766 sh
5%
$357,094
$41,910
Champlain Investment Partners, LLC
2,348,060 sh
450,950 sh
24%
$241,005
$60,267
Franklin Resources Inc
1,553,757 sh
204,737 sh
15%
$159,477
$30,956
American Century Companies Inc
1,026,665 sh
1,026,665 sh
NEW
$105,377
$105,377
Alliancebernstein L.P.
941,548 sh
-173,671 sh
-16%
$96,640
-$9,607
Riverbridge Partners LLC
897,644 sh
362,631 sh
68%
$92,134
$41,163
Victory Capital Management Inc
883,759 sh
108,928 sh
14%
$90,660
$16,843
Bank Of New York Mellon Corp
816,639 sh
131,819 sh
19%
$83,822
$18,580
JPMorgan Chase & Co
799,562 sh
-99,086 sh
-11%
$82,068
-$3,545
Rathbone Brothers Plc
714,000 sh
118,800 sh
20%
$73,285
$16,580
Federated Hermes, Inc.
639,146 sh
-9,767 sh
-2%
$65,602
$3,780
FMR LLC
593,982 sh
43,691 sh
8%
$60,967
$8,541
Geode Capital Management, LLC
567,649 sh
15,243 sh
3%
$58,263
$5,636
Invesco Ltd.
533,237 sh
40,012 sh
8%
$54,732
$7,742
Neuberger Berman Group LLC
529,784 sh
271,286 sh
105%
$54,375
$29,747
Emerald Advisers, LLC
423,401 sh
43,621 sh
11%
$43,458
$7,276
Artisan Partners Limited Partnership
410,913 sh
127,164 sh
45%
$42,176
$15,143
Jennison Associates LLC
396,757 sh
22,739 sh
6%
$40,723
$5,090
COMPANY PROFILE
Note 1 – Summary of Significant Accounting Policies:

Freshpet, Inc. (hereafter referred to as “Freshpet”, the “Company”, "we," "us" or "our"), a Delaware corporation, manufactures and markets natural fresh meals and treats for dogs and cats. The Company’s products are distributed throughout the United States, Canada and other international markets, into major retail classes including Grocery (including online), Mass and Club, Pet Specialty, and Natural retail.

Basis of Presentation – The accompanying consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the U.S. (“U.S. GAAP”). All amounts included in the consolidated financial statements have been rounded except where otherwise stated. As figures are rounded, numbers presented throughout this document may not add up precisely to the totals we provide and percentages may not precisely reflect the absolute figures.

Principles of Consolidation – The financial statements include the accounts of the Company as well as the Company’s wholly-owned subsidiaries. All intercompany accounts and transactions have been eliminated in consolidation.

Segments – The Company operates as a single operating segment reporting to its chief operating decision maker.

Equity method investment – The Company utilizes the equity method to account for investments when the Company possesses the ability to exercise significant influence, but not control, over the operating and financial policies of the investee. The ability to exercise significant influence is presumed when an investor possesses more than 20% of the voting interests of the investee. This presumption may be overcome based on specific facts and circumstances that demonstrate that the ability to exercise significant influence is restricted. The Company applies the equity method to investments in common stock and to other investments when such other investments possess substantially identical subordinated interests to common stock. The Company has elected to record its share of equity in income (losses) of equity method investments on a one -quarter lag based on the most recently available financial statements. On September 2, 2020, the Company acquired a 19% interest in a privately held company that operates in our industry for $27.9 million. The Company concluded that they are not the primary beneficiary, which is primarily the result of the Company's conclusion that it does not have the power to direct activities that most significantly impact the economic performance. The total $27.9 million is comprised of an initial investment of $26.6 million and $1.3 million of transaction costs. The Company accounts for the investment under the equity method of accounting based on our ability to exercise significant influence even though the Company's percentage of ownership is below 20%. The basis difference between the Company's carrying value of its investment and the amount of underlying equity in net assets of the privately held company is not material to the Company's consolidated financial statements. In applying the equity investment method, the Company records the investment at cost and subsequently increases or decreases the carrying amount of the investment by our proportionate share of the net income or loss.

Estimates and Uncertainties – The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. Estimates are used in determining, among other items, trade incentives, share-based compensation and useful lives for long-lived assets. Actual results, as determined at a later date, could differ from those estimates.

Cash and Cash Equivalents – The Company at times considers money market fu

Data imported from Freshpet Inc SEC filings. Check original filings before making any investment decision.