Village Farms International Inc
For the period ended Dec 31, 2023. Filed Mar 13, 2024.
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FY2023 · Filed Mar 13, 2024
VFF$2.67-6.0%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Operations and Comprehensive Income (Loss)
(In thousands of United States dollars, except share and per share data)
| 2023 | 2022 | 2021 | |
|---|---|---|---|
| Sales | $285,603 | $293,572 | $268,020 |
| Cost of sales | (236,177) | (266,075) | (222,841) |
| Gross margin | 49,426 | 27,497 | 45,179 |
| Selling, general and administrative expenses | (65,501) | (72,265) | (53,917) |
| Interest expense | (4,509) | (3,244) | (2,835) |
| Interest income | 1,018 | 207 | 126 |
| Foreign exchange gain (loss) | 602 | (2,255) | (476) |
| Other income (expense) | 5,616 | (115) | (420) |
| Write-off of joint venture loan | — | (592) | — |
| Impairments | (14,020) | (43,299) | — |
| Loss before taxes and loss from equity method investments | (27,368) | (94,066) | (12,343) |
| (Provision for) recovery of income taxes | (4,451) | (4,681) | 3,526 |
| Loss from equity method investments | — | (2,668) | (308) |
| Loss including non-controlling interests | (31,819) | (101,415) | (9,125) |
| Less: net loss attributable to non-controlling interests, net of tax | 21 | 269 | 46 |
| Net loss attributable to Village Farms International, Inc. shareholders | $(31,798) | $(101,146) | $(9,079) |
| Basic loss per share attributable to Village Farms International, Inc. shareholders | $(0.29) | $(1.13) | $(0.11) |
| Diluted loss per share attributable to Village Farms International, Inc. shareholders | $(0.29) | $(1.13) | $(0.11) |
| Weighted average number of common shares used in the computation of loss per share (in thousands): | |||
| Basic | 108,728 | 89,127 | 82,161 |
| Diluted | 108,728 | 89,127 | 82,161 |
| Loss including non-controlling interests | $(31,819) | $(101,415) | $(9,125) |
| Other comprehensive income (loss): | |||
| Foreign currency translation adjustment | 4,237 | (15,460) | 441 |
| Comprehensive loss including non-controlling interests | (27,582) | (116,875) | (8,684) |
| Less: comprehensive (income) loss attributable to non-controlling interests | (436) | 1,432 | (63) |
| Comprehensive loss attributable to Village Farms International, Inc. shareholders | $(28,018) | $(115,443) | $(8,747) |
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