Freshpet (FRPT) FY2017 results: revenue $152 million, up 17.5% on the year
Freshpet, Inc. (FRPT) reported revenue of $152 million for fiscal 2017, the year ended 31 December 2017, up 17.5% on the year before. Net income was -$4 million, and diluted earnings per share $-0.12. The figures are the company's own, from the 10-K it filed with the SEC on 28 February 2019.
Revenue
$152 million
+17.5% on the year
FY2012FY2017
Operating margin
-1.8%
-1.7% a year earlier
FY2012FY2017
Net income
-$4 million
FY2012FY2017
Diluted EPS
-$0.12
FY2012FY2017
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Revenue
152
130
116
+17.5%
Cost of revenue
79.9
69.3
61.5
+15.3%
Gross profit
72.4
60.4
54.6
+20.0%
Gross margin
47.5%
46.5%
47.0%
Research and development
0.3
0.5
n/a
-39.5%
Selling, general and administrative
75.2
62.6
58.3
+20.1%
Operating income
-2.8
-2.2
-3.6
Operating margin
-1.8%
-1.7%
-3.1%
Interest expense
0.9
0.7
0.5
+30.4%
Pre-tax income
-4.2
-3.1
-3.7
Income tax
0.1
0.1
0.1
+14.4%
Net income
-4.3
-3.2
-3.7
Net margin
-2.8%
-2.4%
-3.2%
Diluted EPS
-$0.12
-$0.09
-$0.11
$ 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
FY2017
FY2016
FY2015
On the year
Last 8 years
Operating cash flow
10.3
12.8
6.7
-19.8%
Capital expenditure
13.0
30.0
27.0
-56.6%
Free cash flow
-2.7
-17.2
-20.3
Free cash flow margin
-1.8%
-13.2%
-17.5%
Cash from investing
-13.0
-26.7
n/a
Cash from financing
1.0
9.8
n/a
-89.7%
Depreciation and amortisation
12.7
9.9
7.6
+28.4%
Share-based compensation
4.4
4.2
3.9
+5.8%
Diluted shares, weighted
34m
34m
33m
+2.4%
Shares outstanding at period end
35m
34m
34m
+3.4%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
117
108
104
+8.5%
Short-term borrowings
n/a
n/a
0.0
Debt
0.0
7.0
0.0
Other liabilities
17.0
11.7
9.1
+45.7%
Total liabilities and equity
134
126
113
+5.9%
Fixed assets
101
101
82.8
-0.9%
Investments
n/a
n/a
3.2
Cash and equivalents
2.2
3.9
8.0
-44.1%
Receivables
12.7
8.9
7.0
+43.2%
Inventory
10.1
5.4
6.9
+87.3%
Other assets
8.3
6.8
5.1
+22.4%
Total assets
134
126
113
+5.9%
10-K for the year ended 31 December 2017, filed 28 February 2019: the filing.