Village Farms International Inc
For the period ended Dec 31, 2024. Filed Mar 13, 2025.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Mar 13, 2025
VFF$2.67-6.0%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Financial Position
(In thousands of United States dollars, except share data)
| December 31, 2024 | December 31, 2023 | |
|---|---|---|
| ASSETS | ||
| Current assets | ||
| Cash and cash equivalents | $24,631 | $30,291 |
| Restricted cash | — | 5,000 |
| Trade receivables, net | 33,665 | 30,561 |
| Inventories, net | 53,137 | 78,472 |
| Other receivables | 327 | 294 |
| Prepaid expenses and deposits | 4,259 | 7,150 |
| Total current assets | 116,019 | 151,768 |
| Non-current assets | ||
| Property, plant and equipment, net | 190,263 | 205,613 |
| Investments | 2,656 | 2,656 |
| Goodwill | 42,315 | 55,918 |
| Intangibles, net | 25,105 | 32,275 |
| Deferred tax asset | 1,005 | 1,201 |
| Right-of-use assets | 9,765 | 12,596 |
| Other assets | 2,178 | 1,962 |
| Total assets | $389,306 | $463,989 |
| LIABILITIES | ||
| Current liabilities | ||
| Line of credit | $4,000 | $4,000 |
| Trade payables | 24,499 | 21,753 |
| Current maturities of long-term debt | 8,142 | 9,133 |
| Accrued sales taxes | 8,740 | 15,941 |
| Accrued loyalty program | 1,029 | 1,773 |
| Accrued liabilities | 12,208 | 15,076 |
| Lease liabilities - current | 2,497 | 2,112 |
| Income tax payable | 51 | 28 |
| Other current liabilities | 1,053 | 2,340 |
| Total current liabilities | 62,219 | 72,156 |
| Non-current liabilities | ||
| Long-term debt | 32,420 | 38,925 |
| Deferred tax liability | 19,940 | 23,730 |
| Lease liabilities - non-current | 8,573 | 11,335 |
| Other liabilities | 2,196 | 1,902 |
| Total liabilities | 125,348 | 148,048 |
| Commitments and contingencies (note 11) | ||
| MEZZANINE EQUITY | ||
| Redeemable non-controlling interests | 9,953 | 15,667 |
| SHAREHOLDERS’ EQUITY | ||
| Common stock, no par value per share - unlimited shares authorized; 112,337,049 shares issued and outstanding at December 31, 2024 and 110,248,929 shares issued and outstanding at December 31, 2023. | 387,349 | 386,719 |
| Additional paid in capital | 30,604 | 25,611 |
| Accumulated other comprehensive loss | (18,932) | (3,540) |
| Retained earnings | (145,016) | (109,165) |
| Total Village Farms International, Inc. shareholders' equity | 254,005 | 299,625 |
| Non-controlling interest | — | 649 |
| Total shareholders' equity | 254,005 | 300,274 |
| Total liabilities, mezzanine equity and shareholders’ equity | $389,306 | $463,989 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.