Medifast, Inc. (MED)

Medifast Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cash & Equivalents	115.31	94.44	87.69	104.18	163.72	76.97
Short-Term Investments	54.65	55.6	-	5.36	10.75	15.7
Cash & Short-Term Investments	169.96	150.04	87.69	109.54	174.48	92.68
Cash Growth	7.73%	71.10%	-19.95%	-37.22%	88.26%	-8.27%
Receivables	-	-	-	-	-	1.44
Inventory	40.1	54.59	118.86	180.04	53.39	48.77
Prepaid Expenses	6.7	10.67	16.24	16.33	6.45	6.1
Other Current Assets	8.23	8.73	-	0.95	-	5.17
Total Current Assets	224.98	224.03	222.78	306.87	234.31	154.15
Property, Plant & Equipment	51.29	67.11	75.65	80.59	38.14	38.84
Long-Term Deferred Tax Assets	4	4.12	5.33	4.4	0.69	1.31
Other Long-Term Assets	10.97	14.65	12.46	6.47	2.94	0.35
Total Assets	291.24	309.91	316.21	398.33	276.08	194.65
Accounts Payable	66.27	39.19	53.12	70.89	36.09	22.61
Accrued Expenses	-	36.48	49.03	67.18	50.15	35.56
Current Portion of Leases	6.11	5.89	5.78	6.52	3.67	3.17
Current Income Taxes Payable	-	-	0.43	-	-	-
Current Unearned Revenue	-	0.57	7.36	8.05	7.61	4.33
Other Current Liabilities	-	10.17	25.19	17.19	13.83	13.72
Total Current Liabilities	72.38	92.3	140.89	169.83	111.35	79.39
Long-Term Leases	11.52	16.13	20.28	26.02	7.49	10.43
Total Liabilities	83.9	108.43	161.17	195.85	118.84	89.82
Common Stock	0.01	0.01	0.01	0.01	0.01	0.01
Additional Paid-In Capital	31.01	26.57	21.56	12.02	7.84	-
Retained Earnings	175.98	174.65	139.85	190.33	154.35	168.79
Treasury Stock	-	-	-6.4	-	-5	-63.99
Comprehensive Income & Other	0.35	0.25	0.02	0.11	0.04	0.03
Shareholders' Equity	207.34	201.48	155.04	202.47	157.25	104.83
Total Liabilities & Equity	291.24	309.91	316.21	398.33	276.08	194.65
Total Debt	17.63	22.01	26.05	32.54	11.16	13.6
Net Cash (Debt)	152.33	128.03	61.64	77	163.31	79.08
Net Cash Growth	12.49%	107.70%	-19.95%	-52.85%	106.53%	-21.73%
Net Cash Per Share	13.92	11.72	5.47	6.52	13.78	6.53
Filing Date Shares Outstanding	10.65	10.78	10.78	11.5	11.72	11.72
Total Common Shares Outstanding	10.65	10.78	10.81	11.55	11.72	11.72
Working Capital	152.6	131.73	81.89	137.03	122.96	74.76
Book Value Per Share	19.47	18.69	14.34	17.53	13.41	8.95
Tangible Book Value	207.34	201.48	155.04	202.47	157.25	104.83
Tangible Book Value Per Share	19.47	18.69	14.34	17.53	13.41	8.95
Land	-	0.57	0.57	0.57	0.57	0.57
Buildings	-	24.5	25.91	23.52	13.01	12.89
Machinery	-	50.44	49.38	42.85	21.1	17.88

Source: S&P Capital IQ. Standard template. Financial Sources.