Mission Produce Inc
For the period ended Jul 31, 2024. Filed Sep 9, 2024.
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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.
Jul 31, 2024 · Filed Sep 9, 2024
AVO$11.85-0.5%Stored close · as of Nov 10, 2026
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Condensed Consolidated Balance Sheets (Unaudited)
| (In millions, except for shares) | July 31, 2024 | October 31, 2023 |
|---|---|---|
| Assets | ||
| Current Assets: | ||
| Cash and cash equivalents | $49.5 | $42.9 |
| Restricted cash | 0.4 | 0.3 |
| Accounts receivable | ||
| Trade, net of allowances of $0.7 and $0.9, respectively | 101.5 | 74.1 |
| Grower and fruit advances | 1.6 | 0.9 |
| Other | 13.8 | 12.4 |
| Inventory | 83.8 | 70.8 |
| Prepaid expenses and other current assets | 8.3 | 9.1 |
| Income taxes receivable | 12.2 | 9.6 |
| Total current assets | 271.1 | 220.1 |
| Property, plant and equipment, net | 520.5 | 523.2 |
| Operating lease right-of-use assets | 69.1 | 72.4 |
| Equity method investees | 31.0 | 31.0 |
| Deferred income tax assets, net | 9.0 | 8.5 |
| Goodwill | 39.4 | 39.4 |
| Intangible asset, net | — | 0.5 |
| Other assets | 19.8 | 19.7 |
| Total assets | $959.9 | $914.8 |
| Liabilities and Equity | ||
| Liabilities | ||
| Accounts payable | $29.7 | $27.2 |
| Accrued expenses | 28.9 | 26.4 |
| Income taxes payable | 5.1 | 1.6 |
| Grower payables | 55.3 | 26.4 |
| Short-term borrowings | 3.0 | 2.8 |
| Notes payable | 0.5 | — |
| Loans from noncontrolling interest holders—current portion | 0.2 | 0.5 |
| Long-term debt—current portion | 3.0 | 3.4 |
| Operating leases—current portion | 5.8 | 6.6 |
| Finance leases—current portion | 2.4 | 2.6 |
| Total current liabilities | 133.9 | 97.5 |
| Long-term debt, net of current portion | 131.4 | 148.6 |
| Loans from noncontrolling interest holders, net of current portion | 1.8 | 2.5 |
| Operating leases, net of current portion | 68.4 | 71.0 |
| Finance leases, net of current portion | 21.4 | 14.7 |
| Income taxes payable | 1.3 | 2.3 |
| Deferred income tax liabilities, net | 22.7 | 23.5 |
| Other long-term liabilities | 25.3 | 26.4 |
| Total liabilities | 406.2 | 386.5 |
| Commitments and contingencies (Note 7) | ||
| Shareholders’ Equity | ||
| Common stock ($0.001 par value, 1,000,000,000 shares authorized; 70,909,730 and 70,728,404 shares issued and outstanding as of July 31, 2024 and October 31, 2023, respectively) | 0.1 | 0.1 |
| Additional paid-in capital | 237.1 | 233.4 |
| Accumulated other comprehensive loss | (0.3) | (0.9) |
| Retained earnings | 290.4 | 271.0 |
| Mission Produce shareholders' equity | 527.3 | 503.6 |
| Noncontrolling interest | 26.4 | 24.7 |
| Total equity | 553.7 | 528.3 |
| Total liabilities and equity | $959.9 | $914.8 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.