Freshpet, inc. (FRPT)
Balance Sheet / TTM
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Dec'13
ASSETS
CURRENT ASSETS:
Cash and cash equivalents

149,486

9,471

7,205

4,752

3,761

7,554

2,850

1,134

3,039

2,184

2,069

675

2,023

3,908

3,496

1,719

266

8,029

15,250

16,046

24,918

36,259

2,444

Short-term investments

20,000

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,250

3,749

7,499

7,499

-

-

Accounts receivable, net of allowance for doubtful accounts

20,295

18,580

19,500

19,356

15,558

12,326

13,130

11,120

12,099

12,721

12,390

11,514

8,718

8,886

8,669

8,226

7,133

7,030

7,029

6,297

6,533

5,360

3,497

Inventories, net

16,005

12,542

13,306

13,225

11,109

9,317

8,709

10,290

9,874

10,118

8,690

7,686

7,607

5,402

6,320

7,864

8,183

6,853

6,802

7,811

7,427

7,314

5,512

Prepaid expenses

2,998

3,275

1,653

1,286

2,400

1,078

772

1,056

819

1,200

598

-

-

741

-

-

-

-

-

-

-

-

-

Other non-trade receivable

-

-

-

-

-

-

1,291

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other current assets(1)

10,720

10,452

10,756

650

289

681

351

1,139

829

732

876

-

-

304

-

-

-

-

-

-

-

-

-

Prepaid expenses and other current assets

-

-

-

-

-

-

-

-

-

-

-

1,382

769

-

780

792

1,204

229

295

689

719

1,291

173

Total Current Assets

219,506

54,323

52,423

39,272

33,118

30,958

27,104

24,741

26,662

26,957

24,625

21,258

19,119

19,243

19,266

18,602

16,787

25,393

33,126

38,344

47,097

50,225

11,628

Property, plant and equipment, net

195,607

165,287

136,688

122,394

109,559

102,094

103,085

102,698

101,663

100,598

101,422

101,658

101,712

101,493

100,006

99,119

92,671

82,793

73,882

69,183

61,953

57,825

48,764

Deposits on equipment

4,298

3,600

4,046

6,437

5,458

4,730

3,540

3,845

4,902

4,370

4,057

3,583

3,705

3,620

3,244

2,959

3,020

3,243

3,371

3,856

2,318

2,883

1,183

Operating lease right of use assets

8,846

9,154

9,460

9,763

9,366

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other assets

3,708

3,759

3,680

3,314

2,234

2,182

2,067

2,094

1,997

1,972

2,021

2,239

2,265

2,094

2,085

1,781

1,800

1,667

1,575

1,492

1,624

1,527

1,041

Total Assets

431,966

236,125

206,299

181,182

159,738

139,964

135,797

133,380

135,226

133,900

132,127

128,739

126,804

126,451

124,603

122,462

114,280

113,097

111,956

112,877

112,994

112,461

62,617

LIABILITIES AND STOCKHOLDERS' EQUITY
CURRENT LIABILITIES:
Accounts payable

20,420

18,667

17,839

15,801

11,334

9,166

9,889

10,518

8,466

9,173

8,231

7,579

10,728

6,884

5,669

7,397

7,245

6,668

6,715

7,154

7,238

5,423

6,286

Accrued expenses(1)

20,440

22,132

19,447

9,018

8,217

9,050

6,821

5,554

5,734

7,519

6,660

5,073

3,794

4,531

4,720

4,960

3,681

2,274

2,171

2,406

2,226

2,938

1,907

Current operating lease liabilities

1,241

1,185

1,129

1,068

986

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other current liabilities

-

-

-

200

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Notes payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

75,000

Accrued fees on debt guarantee

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

7,140

Accrued interest on long term debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

667

Total Current Liabilities

42,102

41,985

38,416

26,088

30,538

18,216

18,711

20,073

20,200

16,692

20,391

20,785

20,418

18,668

19,575

20,590

11,072

9,147

9,189

10,338

9,465

9,069

8,194

Accrued warrants

-

-

-

-

-

-

-

-

-

-

-

632

145

253

185

232

146

204

301

777

821

706

369

Borrowings under Credit Facilities

-

-

-

-

10,000

-

2,000

4,000

6,000

-

5,500

7,500

5,750

7,000

9,000

8,000

-

0

-

-

-

-

-

Long term debt

-

54,466

35,395

28,482

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,112

Long term operating lease liabilities

8,069

8,409

8,712

9,020

8,677

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other liabilities

-

-

-

-

-

273

281

289

297

304

236

-

-

-

-

-

-

-

-

-

-

-

-

Total Liabilities

50,171

104,861

82,525

63,590

39,216

18,490

18,993

20,363

20,498

16,997

20,628

20,785

20,418

18,668

19,575

20,590

11,072

9,147

9,189

10,338

10,286

9,069

92,483

COMMITMENTS AND CONTINGENCIES

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

STOCKHOLDERS' EQUITY:
Common stock — voting, $0.001 par value, 200,000,000 shares authorized, 40,271,411 issued and 40,257,242 outstanding on March 31, 2020, and 36,162,433 issued and 36,148,264 outstanding on December 31, 2019

40

36

36

36

35

35

35

35

35

35

34

34

34

33

33

33

33

33

33

33

33

33

10

Additional paid-in capital

588,357

334,299

331,538

328,342

325,457

323,079

320,115

316,176

313,929

312,783

308,969

305,180

300,961

299,477

297,956

295,421

293,514

292,484

294,082

292,179

290,119

288,216

16,450

Accumulated deficit

-206,325

-202,735

-207,368

-210,436

-204,774

-201,352

-203,110

-203,012

-199,512

-195,991

-197,506

-197,260

-194,608

-191,729

-192,962

-193,583

-190,340

-188,568

-191,348

-189,673

-187,444

-184,857

-147,518

Accumulated other comprehensive income

-20

-79

-175

-93

59

-31

20

74

275

76

-

-

-

-

-

-

-

-

-

-

-

-

-

Treasury stock, at cost — 14,169 shares on March 31, 2020 and on December 31, 2019

256

256

256

256

256

256

256

256

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total Stockholders' Equity

381,795

131,264

123,773

117,592

120,521

121,474

116,804

113,016

114,727

116,902

111,498

107,954

106,386

107,782

105,027

101,871

103,207

103,950

102,766

102,539

102,708

103,392

-131,058

Total Liabilities and Stockholders' Equity

431,966

236,125

206,299

181,182

159,738

139,964

135,797

133,380

135,226

133,900

132,127

128,739

126,804

126,451

124,603

122,462

114,280

113,097

111,956

112,877

112,994

112,461

62,617