Calavo Growers, Inc. (CVGW) Financial Statements (2024 and earlier)

Company Profile

Business Address 1141A CUMMINGS ROAD
SANTA PAULA, CA 93060
State of Incorp. CA
Fiscal Year End October 31
Industry (SIC) 07 - Agricultural Services (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

7/31/2023
Q3
4/30/2023
Q2
1/31/2023
Q1
10/31/2022
Q4
7/31/2022
Q3
4/30/2022
Q2
1/31/2022
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments4,1981,7972,0602,5052,3177,826
Cash and cash equivalents4,1981,7972,0602,5052,3177,826
Restricted cash and investments  1,074961949970
Receivables73,15766,35063,81686,992111,81797,483
Inventory, net of allowances, customer advances and progress billings42,81844,09238,83036,07353,61752,402
Inventory42,81844,09238,83036,07353,61752,402
Prepaid expense   3,100   
Advances on inventory purchases13,2719,75412,43012,6987,9049,951
Other undisclosed current assets11,29610,9184,3649,2169,33310,905
Total current assets:144,740132,911125,674148,445185,937179,537
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization   5,721   
Operating lease, right-of-use asset51,26553,13254,51855,83857,04258,568
Long-term investments and receivables3,8823,9373,78224,78423,82928,735
Long-term investments3,8823,9373,78224,78423,82928,735
Intangible assets, net (including goodwill)35,10335,47935,85936,24036,64537,034
Goodwill28,65328,65328,65328,65328,65328,653
Intangible assets, net (excluding goodwill)6,4506,8267,2067,5877,9928,381
Deferred income tax assets5,5865,4335,4335,3165,3165,316
Other noncurrent assets51,49649,87647,17045,42144,74543,408
Other undisclosed noncurrent assets115,086115,728107,589114,481114,778116,034
Total noncurrent assets:262,418263,585260,072282,080282,355289,095
TOTAL ASSETS:407,158396,496385,746430,525468,292468,632
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities69,42369,31562,23163,22368,72559,609
Accounts payable19,17617,42110,43611,55118,63911,848
Accrued liabilities50,24751,89451,79551,67250,08647,761
Debt1,6931,7191,5741,5171,5391,593
Other liabilities11,00011,00011,00011,00011,00011,000
Other undisclosed current liabilities33,66623,08827,14842,71458,98444,674
Total current liabilities:115,782105,122101,953118,454140,248116,876
Noncurrent Liabilities
Long-term debt and lease obligation, including:4,8394,9554,4474,2804,6475,171
Long-term debt, excluding current maturities      
Finance lease, liability  4,447   
Other undisclosed long-term debt and lease obligation 4,8394,955(52,140)(49,157)(50,113)(51,106)
Liabilities, other than long-term debt51,14653,2442,6352,9152,9703,026
Other liabilities2,2842,6022,6352,9152,9703,026
Operating lease, liability48,86250,64252,14053,43754,76056,277
Other undisclosed noncurrent liabilities 22,20016,40053,34079,03796,660120,277
Total noncurrent liabilities:78,18574,59960,42286,232104,277128,474
Total liabilities:193,967179,721162,375204,686244,525245,350
Equity
Equity, attributable to parent211,868215,487222,356224,656222,601222,031
Common stock181818181818
Additional paid in capital174,674172,524171,223170,208169,453168,692
Retained earnings37,17642,94551,11554,43053,13053,321
Equity, attributable to noncontrolling interest1,3231,2881,0151,1831,1661,251
Total equity:213,191216,775223,371225,839223,767223,282
TOTAL LIABILITIES AND EQUITY:407,158396,496385,746430,525468,292468,632

Income Statement (P&L) ($ in thousands)

7/31/2023
Q3
4/30/2023
Q2
1/31/2023
Q1
10/31/2022
Q4
7/31/2022
Q3
4/30/2022
Q2
1/31/2022
Q1
Revenues244,689226,204243,572341,991331,418274,092
Cost of revenue
(Cost of Goods and Services Sold)
(229,652)(211,772)(223,211)(323,477)(309,677)(260,864)
Gross profit:15,03714,43220,36118,51421,74113,228
Operating expenses(18,462)(18,401)(17,347)(16,962)(17,029)(15,650)
Other undisclosed operating loss     (305)(565)
Operating income (loss):(3,425)(3,969)3,0141,5524,407(2,987)
Nonoperating income27835484278496659
Other nonoperating income278354 278496659
Interest and debt expense(273)(416)(414)(485)(460)(327)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes   (2,802)1,225(4,898)(2,130)
Income (loss) from continuing operations before equity method investments, income taxes:(3,420)(4,031)(118)2,570(455)(4,785)
Income (loss) from equity method investments(56)156248(269)(8)(535)
Income (loss) from continuing operations before income taxes:(3,476)(3,875)1302,301(463)(5,320)
Income tax expense (benefit)(484)1,080(3,614)(984)1871,160
Income (loss) from continuing operations:(3,960)(2,795)(3,484)1,317(276)(4,160)
Income (loss) before gain (loss) on sale of properties:(3,484)1,317(276)(4,160)
Net income (loss):(3,960)(2,795)(3,484)1,317(276)(4,160)
Net income (loss) attributable to noncontrolling interest(35)(273)168(17)85117
Net income (loss) available to common stockholders, diluted:(3,995)(3,068)(3,316)1,300(191)(4,043)

Comprehensive Income ($ in thousands)

7/31/2023
Q3
4/30/2023
Q2
1/31/2023
Q1
10/31/2022
Q4
7/31/2022
Q3
4/30/2022
Q2
1/31/2022
Q1
Net income (loss):(3,960)(2,795)(3,484)1,317(276)(4,160)
Comprehensive income (loss):(3,960)(2,795)(3,484)1,317(276)(4,160)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(35)(273)168(17)85117
Comprehensive income (loss), net of tax, attributable to parent:(3,995)(3,068)(3,316)1,300(191)(4,043)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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