Medifast, inc. (MED)
CashFlow / TTM
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11
Operating Activities
Net income

75,643

77,916

73,688

71,567

64,317

55,789

47,442

40,347

33,798

27,721

24,528

23,907

19,720

17,835

17,582

17,023

19,874

20,058

12,837

12,186

11,658

13,181

21,832

22,650

24,003

23,969

20,544

22,078

17,819

15,876

15,180

13,043

16,173

18,541

0

0

0

Income from discontinued operations, net of tax

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

491

-5,412

-5,942

-7,242

-7,848

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Income from continuing operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

19,567

18,249

18,128

18,900

21,029

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Adjustments to reconcile net income to cash provided by operating activities
Depreciation and amortization

4,679

4,624

4,279

3,902

4,495

4,435

4,524

4,782

4,677

4,209

4,398

4,525

4,872

5,405

5,901

6,426

6,847

7,115

7,500

7,669

7,900

8,052

5,966

6,748

7,300

7,901

8,078

8,416

8,634

8,385

10,770

9,872

9,077

8,344

0

0

0

Share-based compensation

4,500

4,500

4,100

3,700

3,295

3,100

3,282

3,685

4,148

4,300

4,976

4,451

3,861

3,428

3,244

3,168

3,076

3,081

3,767

3,616

3,673

3,918

3,295

3,465

3,437

3,209

2,806

2,546

2,823

2,850

2,424

2,680

2,415

2,524

0

0

0

Loss on sale of disposal of property, plant and equipment

-

-

-

-

-

-48

-51

-51

-357

-94

0

0

0

-

-

-

-

-

-

-

-

29

-290

-299

-345

-392

-126

-117

-75

-100

0

0

0

-

-

-

-

Realized (gain) loss on investment securities, net

-

-

-

-

-

-

-

0

-79

-

-24

76

102

118

478

377

364

526

-61

672

701

771

686

109

239

74

331

148

8

-2

-148

-171

-309

-207

0

0

0

Amortization of premium on investment securities

420

454

492

522

547

571

590

627

662

703

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred income taxes

2,267

1,598

434

-1,276

-3,214

-2,687

-1,660

-959

-486

-623

-626

-502

-2,331

-2,829

-3,463

-2,628

-692

-106

1,209

153

513

286

-285

608

604

428

-205

-534

-1,266

-598

743

5,190

5,546

6,015

0

0

0

Change in operating assets and liabilities:
Accounts receivable

3,397

4,064

4,059

1,102

664

936

545

-386

-874

-664

-427

-717

-626

-246

-738

-364

-191

-17

-181

610

1,160

708

1,237

535

-187

-87

-1,082

-712

-7

389

1,235

1,248

1,362

854

0

0

0

Inventories

4,626

9,883

8,080

21,573

25,969

18,658

26,919

7,950

-3,497

1,017

1,009

6,684

6,640

4,976

3,245

-1,060

-943

-2,400

-4,034

-4,847

-1,231

-1,802

-995

1,942

-2,350

-2,615

-929

-385

2,971

734

-1,125

554

-520

435

0

0

0

Income taxes, prepaid

0

-

-

-

-

-2,272

4,102

1,717

2,896

1,023

-3,300

-626

141

300

1,985

2,386

3,372

3,550

166

-1,605

-4,606

-5,198

1,648

909

528

972

-1,949

108

2,910

4,561

4,226

-684

-2,258

-2,168

0

0

0

Prepaid expenses and other current assets

2,498

1,510

967

3,702

1,418

282

1,331

610

536

686

-623

-263

46

616

1,355

386

65

56

76

1,083

266

349

172

-367

-244

-204

-470

-347

332

810

69

1,311

471

143

0

0

0

Other assets

1,860

-9

-119

-67

-171

-65

1,605

1,719

1,873

1,876

137

121

-3

-43

-1

3

7

-292

2

-114

-15

318

0

59

-101

-746

-700

-434

-551

-155

113

541

724

971

0

0

0

Accounts payable and accrued expenses

-339

12,111

9,914

18,022

33,599

16,017

30,551

22,633

8,479

10,653

761

977

-1,720

770

1,079

-1,996

-4,710

-2,363

-3,090

328

3,321

-376

-2,506

-5,188

-4,070

-1,427

488

179

4,202

8,974

7,973

9,151

7,565

3,810

0

0

0

Net cash flow provided by operating activities- continuing operations

-

-

-

-

-

-

-

-

-

-

-

-

-

25,990

28,434

31,155

28,151

33,120

32,046

30,914

28,823

27,338

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Net cash flow used in operating activities- discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-640

-655

-858

-1,171

-3,709

-3,774

-3,838

-3,810

-1,802

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Net cash flow provided by operating activities

78,262

84,261

80,447

69,497

75,542

60,816

55,461

61,019

54,562

43,237

32,939

27,375

24,366

25,350

27,779

30,297

26,980

29,411

28,272

27,076

25,013

25,536

0

0

0

-

-

-

34,336

40,264

41,231

35,813

36,830

34,870

0

0

0

Investing Activities
Sale of investment securities

3,730

3,730

5,030

4,775

3,345

3,545

6,160

6,115

7,394

6,954

3,039

2,039

25,480

26,741

31,486

34,171

11,879

11,880

13,404

27,660

28,086

29,636

30,310

14,876

15,353

14,359

8,385

8,607

8,105

8,109

8,501

8,548

7,008

8,064

0

0

0

Purchase of investment securities

-

-

-

-

-

-

-

-

-

6,956

4,093

6,934

26,751

26,578

28,841

27,510

8,916

9,250

13,367

19,236

19,663

26,080

23,479

16,184

31,183

25,355

23,164

23,377

7,646

8,390

8,995

9,201

7,600

10,278

0

0

0

Sale of property and equipment

-

-

-

-

-

-

-

-

-

81

59

80

279

676

0

0

0

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchase of property and equipment

5,908

10,058

10,918

9,818

8,098

4,940

4,109

4,316

4,058

3,242

3,216

3,143

3,263

2,876

3,253

2,199

1,995

2,819

4,508

5,465

6,749

7,024

6,863

8,741

10,033

11,386

9,336

8,357

8,170

8,127

11,861

14,071

13,682

14,273

0

0

0

Net cash flow (used in) provided by investing activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,424

-

-4,471

2,959

1,674

-3,468

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by investing activities- discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-178

-193

992

950

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Net cash flow provided by (used in) investing activities

-2,178

-6,328

-5,876

-5,031

-4,557

-1,199

-606

-2,163

-2,233

-3,163

0

0

0

-

-

-

-

-189

-4,649

2,766

2,666

-2,518

0

0

0

-

-

-

-10,967

-11,664

-12,483

-14,980

-14,661

-16,874

0

0

0

Financing Activities
Options exercised by executives and directors

-

300

559

717

738

500

220

62

62

568

568

568

841

299

299

299

70

44

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net shares repurchased for employee taxes

14,323

14,092

760

761

761

720

1,956

1,930

1,930

2,540

1,432

1,424

1,464

1,342

1,164

1,164

1,124

1,296

2,027

2,027

2,027

1,152

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Excess tax benefits from share-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

230

182

187

178

247

394

401

440

275

0

0

0

-

-

-

-

-

-

-

-

614

0

0

0

Cash dividends paid to stockholders

39,824

35,396

32,414

29,236

26,103

23,160

21,283

19,371

17,395

15,390

14,509

13,652

12,799

11,889

0

0

0

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repayment of long-term debt and capital leases

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Decrease in note receivable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

45

74

82

90

52

30

29

27

26

24

22

20

18

17

15

14

12

0

0

0

Repayment of capital leases

-

-

-

-

-

-

-

-

-

-

-

-

-

219

245

248

251

255

229

227

224

222

220

247

275

3,641

3,734

3,785

4,595

1,444

0

0

1,167

-

-

-

-

Net cash used in financing activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-14,611

-

-12,260

-24,716

-35,615

-34,941

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used in financing activities- discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Net cash flow used in financing activities

-87,252

-82,324

-75,681

-49,230

-56,105

-53,328

-43,015

-41,235

-19,263

-17,362

0

0

0

-

-

-

-

-11,731

0

0

0

-

0

0

0

-

-

-

-6,074

-2,925

-3,791

-12,005

-21,423

-20,899

0

0

0

Foreign currency impact

-4

1

0

0

0

-

-

-

-

-71

9

-1

-3

7

0

0

0

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Increase in cash and cash equivalents

-11,172

-4,390

-1,111

15,235

14,879

6,287

11,754

17,544

32,993

22,641

13,433

4,922

6,654

10,399

18,126

21,465

13,892

17,578

11,363

5,126

-7,936

-11,923

-20,349

-12,386

-7,870

-3,555

4,569

7,285

17,295

25,675

24,957

8,828

746

-2,903

0

0

0

Supplemental disclosure of cash flow information:
Income taxes paid (received)

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest paid

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

45

52

88

131

112

112

80

57

79

105

124

123

111

102

100

96

0

0

0

Income taxes paid

-

-

-

-

-

-

-

-

-

13,622

14,538

13,018

11,884

11,615

9,537

7,538

5,546

4,182

4,315

6,527

10,329

12,721

10,051

10,064

10,487

9,983

11,987

10,406

5,761

4,093

0

0

0

-

-

-

-

Dividends declared included in accounts payable

18,056

13,719

12,111

12,325

12,423

9,137

7,972

7,967

8,057

6,105

4,991

4,991

4,970

4,039

0

0

0

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-