Freshpet, Inc.
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $139.1M | $46.9M | $-33.6M | $-59.5M | $-29.7M | $-3.2M | $-1.4M | $-5.4M |
| Depreciation & Amortization | $86.4M | $69.5M | $58.2M | $34.3M | $29.5M | $20.8M | $15.6M | $13.8M |
| Depreciation | — | — | — | — | — | — | — | — |
| Amortization | — | — | — | — | — | — | — | — |
| Stock-Based Compensation | $13.9M | $51.8M | $24.9M | $26.1M | $25.0M | $10.9M | $7.8M | $6.8M |
| Net Cash from Operating Activities | $160.6M | $154.3M | $75.9M | $-43.2M | $647.0K | $21.2M | $16.3M | $18.6M |
| Investing Activities | ||||||||
| Capital Expenditures | $148.2M | $187.1M | $239.1M | $230.1M | $322.1M | $134.6M | $70.6M | $16.3M |
| Business Acquisitions | — | — | — | — | — | — | — | — |
| Net Cash from Investing Activities | $-148.2M | $-187.1M | $-239.1M | $-233.4M | $-322.1M | $-162.5M | $-70.6M | $-16.3M |
| Financing Activities | ||||||||
| Dividends Paid | — | — | — | — | — | — | — | — |
| Stock Repurchases | — | — | — | — | — | — | — | $256.2K |
| Net Cash from Financing Activities | $-3.0M | $4.6M | $327.3M | $336.5M | $327.0M | $199.0M | $56.2M | $3.1M |
| Net Change in Cash | $9.3M | $-28.2M | $164.1M | $59.9M | — | — | — | — |
| Free Cash Flow | $12.4M | $-32.8M | $-163.2M | $-273.3M | $-321.5M | $-113.4M | $-54.3M | $2.3M |