Mission Produce Inc
For the period ended Oct 31, 2024. Filed Dec 19, 2024.
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FY2024 · Filed Dec 19, 2024
AVO$11.91+2.1%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets
| October 31, | ||
|---|---|---|
| (In millions, except for shares) | 2024 | 2023 |
| Assets | ||
| Current Assets | ||
| Cash and cash equivalents | $58.0 | $42.9 |
| Restricted cash | 1.3 | 0.3 |
| Accounts receivable | ||
| Trade, net of allowances of $0.8 and $0.9, respectively | 95.4 | 74.1 |
| Grower and fruit advances | 1.7 | 0.9 |
| Other | 15.3 | 12.4 |
| Inventory | 91.2 | 70.8 |
| Prepaid expenses and other current assets | 9.4 | 9.1 |
| Income taxes receivable | 6.7 | 9.6 |
| Total current assets | 279.0 | 220.1 |
| Property, plant and equipment, net | 523.4 | 523.2 |
| Operating lease right-of-use assets | 67.8 | 72.4 |
| Equity method investees | 33.0 | 31.0 |
| Deferred income tax assets, net | 9.7 | 8.5 |
| Goodwill | 39.4 | 39.4 |
| Intangible asset, net | — | 0.5 |
| Other assets | 19.2 | 19.7 |
| Total assets | $971.5 | $914.8 |
| Liabilities and Equity | ||
| Liabilities | ||
| Accounts payable | $35.3 | $27.2 |
| Accrued expenses | 39.9 | 26.4 |
| Income taxes payable | 7.7 | 1.6 |
| Grower payables | 50.3 | 26.4 |
| Short-term borrowings | 3.0 | 2.8 |
| Notes payable | 0.5 | — |
| Loans from noncontrolling interest holders—current portion | 0.1 | 0.5 |
| Long-term debt—current portion | 3.0 | 3.4 |
| Operating leases—current portion | 6.4 | 6.6 |
| Finance leases—current portion | 2.9 | 2.6 |
| Total current liabilities | 149.1 | 97.5 |
| Long-term debt, net of current portion | 110.7 | 148.6 |
| Loans from noncontrolling interest holders, net of current portion | 1.8 | 2.5 |
| Operating leases, net of current portion | 67.4 | 71.0 |
| Finance leases, net of current portion | 21.5 | 14.7 |
| Income taxes payable | 1.3 | 2.3 |
| Deferred income tax liabilities, net | 16.6 | 23.5 |
| Other long-term liabilities | 26.0 | 26.4 |
| Total liabilities | 394.4 | 386.5 |
| Commitments and contingencies (Note 11) | ||
| Shareholders’ Equity | ||
| Common stock ($0.001 par value, 1,000,000,000 shares authorized; 70,914,767 and 70,728,404 shares issued and outstanding as of October 31, 2024 and 2023, respectively) | 0.1 | 0.1 |
| Additional paid-in capital | 239.7 | 233.4 |
| Accumulated other comprehensive loss | (0.2) | (0.9) |
| Retained earnings | 307.7 | 271.0 |
| Mission Produce shareholders' equity | 547.3 | 503.6 |
| Noncontrolling interest | 29.8 | 24.7 |
| Total equity | 577.1 | 528.3 |
| Total liabilities and equity | $971.5 | $914.8 |
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