Freshpet (FRPT) FY2016 results: revenue $130 million, up 11.6% on the year
Freshpet, Inc. (FRPT) reported revenue of $130 million for fiscal 2016, the year ended 31 December 2016, up 11.6% on the year before. Net income was -$3 million, and diluted earnings per share $-0.09. The figures are the company's own, from the 10-K it filed with the SEC on 28 February 2019.
Revenue
$130 million
+11.6% on the year
FY2012FY2016
Operating margin
-1.7%
-3.1% a year earlier
FY2012FY2016
Net income
-$3 million
FY2012FY2016
Diluted EPS
-$0.09
FY2012FY2016
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Revenue
130
116
86.8
+11.6%
Cost of revenue
69.3
61.5
44.5
+12.7%
Gross profit
60.4
54.6
42.2
+10.5%
Gross margin
46.5%
47.0%
48.7%
Research and development
0.5
n/a
n/a
Selling, general and administrative
62.6
58.3
48.3
+7.4%
Operating income
-2.2
-3.6
-6.1
Operating margin
-1.7%
-3.1%
-7.0%
Interest expense
0.7
0.5
4.6
+53.6%
Pre-tax income
-3.1
-3.7
-37.3
Income tax
0.1
0.1
0.0
+14.3%
Net income
-3.2
-3.7
-37.3
Net margin
-2.4%
-3.2%
-43.0%
Diluted EPS
-$0.09
-$0.11
-$9.63
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Operating cash flow
12.8
6.7
-8.0
+89.9%
Capital expenditure
30.0
27.0
17.1
+10.9%
Free cash flow
-17.2
-20.3
-25.2
Free cash flow margin
-13.2%
-17.5%
-29.0%
Cash from investing
-26.7
n/a
n/a
Cash from financing
9.8
n/a
n/a
Depreciation and amortisation
9.9
7.6
6.4
+30.5%
Share-based compensation
4.2
3.9
1.6
+6.9%
Diluted shares, weighted
34m
33m
14m
+0.5%
Shares outstanding at period end
34m
34m
33m
+1.3%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
108
104
103
+3.7%
Short-term borrowings
n/a
0.0
n/a
Debt
7.0
0.0
0.0
Other liabilities
11.7
9.1
9.1
+27.6%
Total liabilities and equity
126
113
112
+11.8%
Fixed assets
101
82.8
57.8
+22.6%
Investments
n/a
3.2
n/a
Cash and equivalents
3.9
8.0
36.3
-51.3%
Receivables
8.9
7.0
5.4
+26.4%
Inventory
5.4
6.9
7.3
-21.2%
Other assets
6.8
5.1
5.7
+31.5%
Total assets
126
113
112
+11.8%
10-K for the year ended 31 December 2016, filed 28 February 2019: the filing.