FRESH DEL MONTE PRODUCE INC
For the period ended Dec 29, 2023. Filed Feb 26, 2024.
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FY2023 · Filed Feb 26, 2024
DMC$27.41-1.8%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets at December , 202 and December
CONSOLIDATED BALANCE SHEETS
(U.S. dollars in millions, except share and per share data)
| December 29,2023 | December 30,2022 | |
|---|---|---|
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $33.8 | $17.2 |
| Trade accounts receivable, net of allowance of $20.8 and $21.6, respectively | 387.0 | 373.5 |
| Other accounts receivable, net of allowance of$5.6 and $5.7, respectively | 95.1 | 91.0 |
| Inventories, net | 599.9 | 669.0 |
| Assets held for sale | 4.5 | 67.3 |
| Prepaid expenses and other current assets | 24.0 | 23.4 |
| Total current assets | 1,144.3 | 1,241.4 |
| Investments in and advances to unconsolidated companies | 22.2 | 18.0 |
| Property, plant and equipment, net | 1,256.4 | 1,309.5 |
| Operating lease right-of-use assets | 213.8 | 213.8 |
| Goodwill | 401.9 | 422.9 |
| Intangible assets, net | 33.3 | 135.0 |
| Deferred income taxes | 51.5 | 47.4 |
| Other noncurrent assets | 60.7 | 70.9 |
| Total assets | $3,184.1 | $3,458.9 |
| Liabilities and shareholders' equity | ||
| Current liabilities: | ||
| Accounts payable and accrued expenses | $479.0 | $549.9 |
| Current maturities of debt and finance leases | 1.4 | 1.3 |
| Current maturities of operating leases | 48.6 | 41.6 |
| Income taxes and other taxes payable | 11.6 | 14.2 |
| Total current liabilities | 540.6 | 607.0 |
| Long-term debt and finance leases | 406.1 | 547.1 |
| Operating leases, less current maturities | 142.1 | 147.3 |
| Retirement benefits | 82.3 | 82.4 |
| Other noncurrent liabilities | 27.6 | 28.5 |
| Deferred income taxes | 72.7 | 71.6 |
| Total liabilities | 1,271.4 | 1,483.9 |
| Commitments and contingencies (See note 16) | ||
| Redeemable noncontrolling interest | — | 49.4 |
| Shareholders' equity: | ||
| Preferred shares, $0.01 par value; 50,000,000 shares authorized; none issued or outstanding | — | — |
| Ordinary shares, $0.01 par value; 200,000,000 shares authorized; 47,629,018 and 47,838,680 issued and outstanding, respectively | 0.5 | 0.5 |
| Paid-in capital | 597.7 | 548.1 |
| Retained earnings | 1,341.4 | 1,397.6 |
| Accumulated other comprehensive loss | (43.3) | (41.5) |
| Total Fresh Del Monte Produce Inc. shareholders' equity | 1,896.3 | 1,904.7 |
| Noncontrolling interests | 16.4 | 20.9 |
| Total shareholders' equity | 1,912.7 | 1,925.6 |
| Total liabilities, redeemable noncontrolling interest and shareholders' equity | $3,184.1 | $3,458.9 |
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