Vital Farms, Inc.
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $66.3M | $53.4M | $25.6M | $1.3M | $2.4M | $8.8M | $2.4M | $5.8M |
| Depreciation & Amortization | $9.3M | $9.3M | $7.9M | $5.4M | $3.5M | $2.6M | $1.9M | $1.4M |
| Depreciation | — | — | — | — | — | — | — | — |
| Amortization | $668.0K | $0 | $0 | — | — | — | — | — |
| Stock-Based Compensation | $12.4M | $10.3M | $7.4M | $6.0M | $4.4M | $2.5M | $1.0M | $600.0K |
| Net Cash from Operating Activities | $33.7M | $64.8M | $50.9M | $-8.1M | $17.7M | $11.5M | $-5.4M | $11.4M |
| Investing Activities | ||||||||
| Capital Expenditures | $82.0M | $28.6M | $11.5M | $10.5M | $16.7M | $10.3M | $4.8M | $1.9M |
| Business Acquisitions | — | — | — | — | — | — | — | — |
| Net Cash from Investing Activities | $-134.3M | $-7.0M | $22.4M | $-10.0M | $-18.4M | $-77.7M | $-5.6M | $-1.9M |
| Financing Activities | ||||||||
| Dividends Paid | — | — | — | — | — | — | — | — |
| Stock Repurchases | — | — | — | — | — | — | $14.3M | — |
| Net Cash from Financing Activities | $-1.2M | $8.7M | $-2.1M | $83.0K | $2.2M | $94.4M | $434.0K | $-1.5M |
| Net Change in Cash | $-101.8M | $66.5M | $71.2M | $-18.1M | $1.4M | $28.3M | $-10.5M | $8.0M |
| Free Cash Flow | $-48.2M | $36.2M | $39.4M | $-18.6M | $971.0K | $1.2M | $-10.2M | $9.5M |