From the course: Accounting Foundations: Statement of Cash Flows

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Beyond Meat: Growth company, negative free cash flow

Beyond Meat: Growth company, negative free cash flow

From the course: Accounting Foundations: Statement of Cash Flows

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Beyond Meat: Growth company, negative free cash flow

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- Negative free cash flow is normal for a startup high growth company. As an example, let's look at the negative free cash flows of a prominent startup company, Beyond Meat. Beyond Meat started business in 2009 with a compelling story. Many people, perhaps most people, want a more healthy diet and want to do what they can to take care of the environment. A good way to accomplish both these objectives is to find a tasty, economical, healthy, environmentally friendly alternative way to get our protein, an alternative to meat. Thus was born Beyond Meat. Beyond Meat started with meatless chicken strips and then moved on to meatless burgers, sausage and meatballs. In its early years, Beyond Meat was financed with venture capital funds. Then the company did an Initial Public Offering, IPO, in the spring of 2019. The IPO share started trading at $25 per share, but by the end of the first day, they were up to…

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