Freshpet (FRPT) FY2022 results: revenue $595 million, up 39.9% on the year
Freshpet, Inc. (FRPT) reported revenue of $595 million for fiscal 2022, the year ended 31 December 2022, up 39.9% on the year before. Net income was -$59 million, and diluted earnings per share $-1.29. The figures are the company's own, from the 10-K it filed with the SEC on 28 February 2023.
Revenue
$595 million
+39.9% on the year
FY2015FY2022
Operating margin
-8.7%
-5.8% a year earlier
FY2015FY2022
Net income
-$59 million
FY2015FY2022
Diluted EPS
-$1.29
FY2015FY2022
this yearthe year beforeHover a bar for its figure.
$ 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
FY2022
FY2021
FY2020
On the year
Last 8 years
Operating cash flow
-43.2
0.6
21.2
Capital expenditure
230
322
135
-28.6%
Free cash flow
-273
-321
-113
Free cash flow margin
-45.9%
-75.5%
-35.6%
Cash from investing
-233
-322
-162
Cash from financing
337
327
199
+2.9%
Depreciation and amortisation
34.3
29.5
20.8
+16.5%
Share-based compensation
26.1
25.0
10.9
+4.4%
Diluted shares, weighted
46m
43m
40m
+7.6%
Shares outstanding at period end
48m
43m
41m
+10.6%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
1,032
720
394
+43.3%
Debt
0.0
0.0
0.0
Operating lease liabilities
4.2
5.7
7.1
-26.4%
Finance lease liabilities
0.0
n/a
n/a
Other liabilities
89.6
58.9
33.1
+52.0%
Total liabilities and equity
1,125
784
434
+43.5%
Fixed assets
801
584
281
+37.1%
Investments
20.0
0.0
n/a
Cash and equivalents
133
72.8
67.2
+82.4%
Receivables
57.6
34.8
18.4
+65.5%
Inventory
58.3
35.6
19.1
+63.9%
Other assets
56.2
57.3
48.5
-2.0%
Total assets
1,125
784
434
+43.5%
10-K for the year ended 31 December 2022, filed 28 February 2023: the filing.