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)Annual | Quarterly
| 4/30/2024 Q2 | 1/31/2024 Q1 | 10/31/2023 Q4 | 7/31/2023 Q3 | 4/30/2023 Q2 | 1/31/2023 Q1 | 10/31/2022 Q4 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 5,658 | 2,091 | 1,402 | 4,198 | 1,797 | 2,060 | |||
| Cash and cash equivalents | 5,658 | 2,091 | 1,402 | 4,198 | 1,797 | 2,060 | |||
| Restricted cash and investments | 761 | 761 | 1,074 | ||||||
| Receivables | 36,052 | 68,176 | 80,567 | 73,157 | 66,350 | 63,816 | |||
| Inventory, net of allowances, customer advances and progress billings | 39,551 | 39,430 | 38,878 | 42,818 | 44,092 | 38,830 | |||
| Inventory | 39,551 | 39,430 | 38,878 | 42,818 | 44,092 | 38,830 | |||
| Prepaid expense | 4,800 | 3,100 | |||||||
| Advances on inventory purchases | 13,409 | 14,684 | 15,839 | 13,271 | 9,754 | 12,430 | |||
| Disposal group, including discontinued operation | 140,671 | ||||||||
| Other undisclosed current assets | 10,256 | 3,428 | 12,913 | 11,296 | 10,918 | 4,364 | |||
| Total current assets: | 245,597 | 133,370 | 150,360 | 144,740 | 132,911 | 125,674 | |||
| Noncurrent Assets | |||||||||
| Finance lease, right-of-use asset, after accumulated amortization | 6,777 | 5,721 | |||||||
| Operating lease, right-of-use asset | 17,507 | 48,033 | 49,744 | 51,265 | 53,132 | 54,518 | |||
| Long-term investments and receivables | 2,903 | 2,902 | 3,383 | 3,882 | 3,937 | 3,782 | |||
| Long-term investments | 2,903 | 2,902 | 3,383 | 3,882 | 3,937 | 3,782 | |||
| Intangible assets, net (including goodwill) | 10,486 | 34,351 | 34,727 | 35,103 | 35,479 | 35,859 | |||
| Goodwill | 10,211 | 28,653 | 28,653 | 28,653 | 28,653 | 28,653 | |||
| Intangible assets, net (excluding goodwill) | 275 | 5,698 | 6,074 | 6,450 | 6,826 | 7,206 | |||
| Deferred income tax assets | 3,010 | 3,010 | 5,776 | 5,586 | 5,433 | 5,433 | |||
| Other noncurrent assets | 55,974 | 52,459 | 56,726 | 51,496 | 49,876 | 47,170 | |||
| Other undisclosed noncurrent assets | 59,206 | 105,952 | 114,224 | 115,086 | 115,728 | 107,589 | |||
| Total noncurrent assets: | 149,086 | 253,484 | 264,580 | 262,418 | 263,585 | 260,072 | |||
| TOTAL ASSETS: | 394,683 | 386,854 | 414,940 | 407,158 | 396,496 | 385,746 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 25,498 | 46,645 | 58,608 | 69,423 | 69,315 | 62,231 | |||
| Accounts payable | 4,916 | 15,537 | 16,425 | 19,176 | 17,421 | 10,436 | |||
| Accrued liabilities | 20,582 | 31,108 | 42,183 | 50,247 | 51,894 | 51,795 | |||
| Debt | 1,626 | 2,251 | 2,078 | 1,693 | 1,719 | 1,574 | |||
| Disposal group, including discontinued operation | 57,222 | ||||||||
| Other liabilities | 11,000 | 11,000 | 11,000 | 11,000 | 11,000 | 11,000 | |||
| Other undisclosed current liabilities | 25,549 | 21,850 | 29,623 | 33,666 | 23,088 | 27,148 | |||
| Total current liabilities: | 120,895 | 81,746 | 101,309 | 115,782 | 105,122 | 101,953 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation, including: | 49,368 | 44,087 | 45,021 | 4,839 | 4,955 | 4,447 | |||
| Long-term debt, excluding current maturities | 44,890 | 38,440 | 39,823 | ||||||
| Finance lease, liability | 4,478 | 5,647 | 5,198 | 4,447 | |||||
| Other undisclosed long-term debt and lease obligation | 4,839 | 4,955 | (52,140) | ||||||
| Liabilities, other than long-term debt | 21,887 | 50,792 | 49,510 | 51,146 | 53,244 | 2,635 | |||
| Deferred income tax liabilities | 746 | 746 | |||||||
| Other liabilities | 4,653 | 4,653 | 2,229 | 2,284 | 2,602 | 2,635 | |||
| Operating lease, liability | 16,488 | 45,393 | 47,281 | 48,862 | 50,642 | 52,140 | |||
| Other undisclosed noncurrent liabilities | 22,200 | 16,400 | 53,340 | ||||||
| Total noncurrent liabilities: | 71,255 | 94,879 | 94,531 | 78,185 | 74,599 | 60,422 | |||
| Total liabilities: | 192,150 | 176,625 | 195,840 | 193,967 | 179,721 | 162,375 | |||
| Equity | |||||||||
| Equity, attributable to parent | 201,131 | 208,837 | 217,695 | 211,868 | 215,487 | 222,356 | |||
| Common stock | 18 | 18 | 18 | 18 | 18 | 18 | |||
| Additional paid in capital | 176,823 | 176,481 | 175,653 | 174,674 | 172,524 | 171,223 | |||
| Retained earnings | 24,290 | 32,338 | 42,024 | 37,176 | 42,945 | 51,115 | |||
| Equity, attributable to noncontrolling interest | 1,402 | 1,392 | 1,405 | 1,323 | 1,288 | 1,015 | |||
| Total equity: | 202,533 | 210,229 | 219,100 | 213,191 | 216,775 | 223,371 | |||
| TOTAL LIABILITIES AND EQUITY: | 394,683 | 386,854 | 414,940 | 407,158 | 396,496 | 385,746 | |||
Income Statement (P&L) ($ in thousands)Annual | Quarterly
| 4/30/2024 Q2 | 1/31/2024 Q1 | 10/31/2023 Q4 | 7/31/2023 Q3 | 4/30/2023 Q2 | 1/31/2023 Q1 | 10/31/2022 Q4 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 127,606 | 241,180 | 259,875 | 244,689 | 226,204 | 243,572 | ||
| Cost of revenue (Cost of Goods and Services Sold) | (115,138) | (225,718) | (234,850) | (229,652) | (211,772) | (223,211) | ||
| Gross profit: | 12,468 | 15,462 | 25,025 | 15,037 | 14,432 | 20,361 | ||
| Operating expenses | (13,846) | (16,026) | (16,639) | (18,462) | (18,401) | (17,347) | ||
| Operating income (loss): | (1,378) | (564) | 8,386 | (3,425) | (3,969) | 3,014 | ||
| Nonoperating income | 200 | 59 | 230 | 278 | 354 | 84 | ||
| Other nonoperating income | 200 | 230 | 278 | 354 | ||||
| Interest and debt expense | (824) | (1,013) | (793) | (273) | (416) | (414) | ||
| Other undisclosed loss from continuing operations before equity method investments, income taxes | (2,802) | |||||||
| Income (loss) from continuing operations before equity method investments, income taxes: | (2,002) | (1,518) | 7,823 | (3,420) | (4,031) | (118) | ||
| Income (loss) from equity method investments | 1 | (481) | (498) | (56) | 156 | 248 | ||
| Income (loss) from continuing operations before income taxes: | (2,001) | (1,999) | 7,325 | (3,476) | (3,875) | 130 | ||
| Income tax expense (benefit) | (573) | (5,921) | (617) | (484) | 1,080 | (3,614) | ||
| Income (loss) from continuing operations: | (2,574) | (7,920) | 6,708 | (3,960) | (2,795) | (3,484) | ||
| Loss before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | (3,484) | |
| Other undisclosed net loss | (3,683) | |||||||
| Net income (loss): | (6,257) | (7,920) | 6,708 | (3,960) | (2,795) | (3,484) | ||
| Net income (loss) attributable to noncontrolling interest | (10) | 13 | (82) | (35) | (273) | 168 | ||
| Net income (loss) available to common stockholders, diluted: | (6,267) | (7,907) | 6,626 | (3,995) | (3,068) | (3,316) | ||
Comprehensive Income ($ in thousands)Annual | Quarterly
| 4/30/2024 Q2 | 1/31/2024 Q1 | 10/31/2023 Q4 | 7/31/2023 Q3 | 4/30/2023 Q2 | 1/31/2023 Q1 | 10/31/2022 Q4 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | (6,257) | (7,920) | 6,708 | (3,960) | (2,795) | (3,484) | ||
| Comprehensive income (loss): | (6,257) | (7,920) | 6,708 | (3,960) | (2,795) | (3,484) | ||
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | (10) | 13 | (82) | (35) | (273) | 168 | ||
| Comprehensive income (loss), net of tax, attributable to parent: | (6,267) | (7,907) | 6,626 | (3,995) | (3,068) | (3,316) | ||
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.