FRESH DEL MONTE PRODUCE INC
For the period ended Sep 27, 2024. Filed Oct 31, 2024.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 27, 2024 · Filed Oct 31, 2024
DMC$27.39-0.9%Stored close · as of Nov 6, 2026
Contents
Consolidated Balance Sheets (unaudited) as of September 27, 2024 and December 29, 2023
CONSOLIDATED BALANCE SHEETS (Unaudited)
(U.S. dollars in millions, except share and per share data)
| September 27,2024 | December 29,2023 | |
|---|---|---|
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $50.8 | $33.8 |
| Trade accounts receivable, net of allowance of $29.4 and $20.8, respectively | 390.3 | 387.0 |
| Other accounts receivable, net of allowance of $7.5 and $5.6, respectively | 82.0 | 95.1 |
| Inventories, net | 588.7 | 599.9 |
| Assets held for sale | 25.6 | 4.5 |
| Prepaid expenses and other current assets | 28.9 | 24.0 |
| Total current assets | 1,166.3 | 1,144.3 |
| Investments in and advances to unconsolidated companies | 36.2 | 22.2 |
| Property, plant and equipment, net | 1,203.2 | 1,256.4 |
| Operating lease right-of-use assets | 194.7 | 213.8 |
| Goodwill | 402.2 | 401.9 |
| Intangible assets, net | 33.2 | 33.3 |
| Deferred income taxes | 52.6 | 51.5 |
| Other noncurrent assets | 68.5 | 60.7 |
| Total assets | $3,156.9 | $3,184.1 |
| Liabilities and shareholders' equity | ||
| Current liabilities: | ||
| Accounts payable and accrued expenses | $489.6 | $479.0 |
| Current maturities of debt and finance leases | 1.5 | 1.4 |
| Current maturities of operating leases | 38.8 | 48.6 |
| Income taxes and other taxes payable | 27.0 | 11.6 |
| Total current liabilities | 556.9 | 540.6 |
| Long-term debt and finance leases | 274.8 | 406.1 |
| Retirement benefits | 83.5 | 82.3 |
| Deferred income taxes | 77.3 | 72.7 |
| Operating leases, less current maturities | 130.5 | 142.1 |
| Other noncurrent liabilities | 26.3 | 27.6 |
| Total liabilities | 1,149.3 | 1,271.4 |
| Commitments and contingencies (See note 9) | ||
| Redeemable noncontrolling interests | — | — |
| Shareholders' equity: | ||
| Preferred shares, $0.01 par value; 50,000,000 sharesauthorized; none issued or outstanding | — | — |
| Ordinary shares, $0.01 par value; 200,000,000 shares authorized; 47,939,120 and 47,629,018 issued and outstanding, respectively | 0.5 | 0.5 |
| Paid-in capital | 602.9 | 597.7 |
| Retained earnings | 1,427.0 | 1,341.4 |
| Accumulated other comprehensive loss | (39.2) | (43.3) |
| Total Fresh Del Monte Produce Inc. shareholders' equity | 1,991.2 | 1,896.3 |
| Noncontrolling interests | 16.4 | 16.4 |
| Total shareholders' equity | 2,007.6 | 1,912.7 |
| Total liabilities, redeemable noncontrolling interest and shareholders' equity | $3,156.9 | $3,184.1 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.