Fresh Del Monte Produce, Inc. (FDP) financial statements (2021 and earlier)
Company profile
| Business Address |
241 SEVILLA AVENUE, 12TH FLOOR CORAL GABLES, FL 33134 |
| State of Incorp. | |
| Fiscal Year End | December 31 |
| SIC | 01 - Agricultural Production Crops (benchmarking) |
| More info | Complete financial analysis Financial benchmarking |
Balance sheet (Statement of financial position) ($ in millions)
| 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 33 | 21 | 25 | 20 | 25 | 34 | 43 | ||
| Cash and cash equivalents | 33 | 21 | 25 | 20 | 25 | 34 | 43 | ||
| Receivables | 439 | 503 | 432 | 434 | 438 | 442 | 339 | ||
| Inventory, net of allowances, customer advances and progress billings | 552 | 565 | 542 | 493 | 482 | 516 | 533 | ||
| Inventory | 552 | 565 | 542 | 493 | 482 | 516 | 533 | ||
| Assets held-for-sale, not part of disposal group | 8 | 45 | ✕ | ✕ | |||||
| Other undisclosed current assets | 20 | 3 | 21 | 14 | 41 | 48 | 101 | ||
| Total current assets: | 1,052 | 1,139 | 1,020 | 961 | 986 | 1,041 | 1,016 | ||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 162 | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Nontrade receivables | 22 | 11 | ✕ | ||||||
| Property, plant and equipment | 1,403 | 1,392 | 1,328 | 1,272 | 1,215 | 1,170 | 1,101 | ||
| Long-term investments and receivables | 2 | 21 | 2 | 2 | 2 | 27 | 22 | ||
| Long-term investments | 2 | 6 | 2 | 2 | 2 | 2 | 2 | ||
| Due from related parties | 15 | 25 | 20 | ||||||
| Intangible assets, net (including goodwill) | 582 | 590 | 262 | 261 | 264 | 379 | 336 | ||
| Goodwill | 424 | 423 | 262 | 261 | 264 | 331 | 331 | ||
| Intangible assets, net (excluding goodwill) | 158 | 167 | 49 | 5 | |||||
| Deferred income tax assets | 100 | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Other noncurrent assets | 49 | 60 | 96 | 91 | 87 | 86 | 87 | ||
| Other undisclosed noncurrent assets | 32 | 59 | 66 | 43 | (38) | 28 | |||
| Total noncurrent assets: | 2,298 | 2,116 | 1,747 | 1,692 | 1,610 | 1,634 | 1,574 | ||
| TOTAL ASSETS: | 3,350 | 3,255 | 2,767 | 2,653 | 2,596 | 2,675 | 2,589 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities, including: | 522 | 577 | 382 | 361 | 359 | 382 | 356 | ||
| Accounts payable | 309 | 355 | 205 | 183 | 198 | 198 | |||
| Accrued liabilities | 51 | 55 | 19 | 17 | 15 | 14 | 14 | ||
| Employee-related liabilities | 71 | 72 | 61 | 67 | 59 | 64 | 51 | ||
| Taxes payable | 8 | 9 | 11 | 8 | 6 | 7 | 8 | ||
| Other undisclosed accounts payable and accrued liabilities | 84 | 86 | 86 | 85 | 81 | 99 | 283 | ||
| Debt | 0 | 1 | 1 | 1 | 2 | 2 | 3 | ||
| Due to related parties | 1 | 1 | |||||||
| Deferred tax liabilities | ✕ | 15 | 18 | 16 | |||||
| Other undisclosed current liabilities | 40 | 8 | 10 | 8 | 6 | 7 | 8 | ||
| Total current liabilities: | 563 | 586 | 394 | 369 | 382 | 409 | 383 | ||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation, including: | 587 | 662 | 357 | 232 | 253 | 265 | 249 | ||
| Finance lease, liability | 0 | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Operating lease, liability | 103 | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Other undisclosed long-term debt and lease obligation | 484 | 662 | 357 | 232 | 253 | 265 | 249 | ||
| Liabilities, other than long-term debt | 299 | 145 | 139 | 236 | 211 | 213 | 126 | ||
| Deferred tax liabilities, net | ✕ | 92 | 74 | 74 | 79 | ||||
| Deferred income tax liabilities | 130 | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Liability, pension and other postretirement and postemployment benefits | 98 | 91 | 96 | 94 | 87 | 90 | ✕ | ||
| Other liabilities | 71 | 53 | 42 | 51 | 50 | 50 | 47 | ||
| Other undisclosed noncurrent liabilities | 103 | 93 | 86 | 80 | |||||
| Total noncurrent liabilities: | 988 | 900 | 582 | 468 | 463 | 478 | 455 | ||
| Total liabilities: | 1,551 | 1,486 | 976 | 837 | 845 | 887 | 838 | ||
| Temporary equity, carrying amount | 55 | 52 | |||||||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent | 1,719 | 1,692 | 1,767 | 1,792 | 1,708 | 1,748 | 1,713 | ||
| Common stock | 1 | 1 | 1 | 1 | 1 | 1 | 1 | ||
| Additional paid in capital | 531 | 527 | 523 | 550 | 568 | 546 | 530 | ||
| Accumulated other comprehensive income (loss) | (65) | (42) | (31) | (44) | (23) | 3 | (3) | ||
| Retained earnings | 1,253 | 1,206 | 1,275 | 1,286 | 1,162 | 1,198 | 1,186 | ||
| Stockholders' equity attributable to noncontrolling interest | 25 | 26 | 24 | 25 | 43 | 40 | 38 | ||
| Total stockholders' equity: | 1,744 | 1,718 | 1,791 | 1,816 | 1,751 | 1,788 | 1,751 | ||
| TOTAL LIABILITIES AND EQUITY: | 3,350 | 3,255 | 2,767 | 2,653 | 2,596 | 2,675 | 2,589 | ||
Income statement (P&L) ($ in millions)
| 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 4,489 | 4,494 | 4,086 | 4,012 | 4,057 | 3,928 | 3,684 | |
| Revenue, net | ✕ | ✕ | 4,086 | 4,012 | 4,057 | 3,928 | 3,684 | |
| Cost of revenue | (4,188) | (4,214) | (3,754) | (3,550) | (3,714) | (3,563) | (3,393) | |
| Cost of goods and services sold | (4,188) | (4,214) | (3,754) | (3,550) | (3,714) | (3,563) | (3,393) | |
| Other undisclosed gross profit | (0) | |||||||
| Gross profit: | 301 | 280 | 332 | 461 | 342 | 365 | 290 | |
| Operating expenses | (196) | (188) | (176) | (187) | (182) | (264) | (288) | |
| Other undisclosed operating income (loss) | 9 | (54) | (3) | (30) | (70) | 73 | (31) | |
| Operating income (loss): | 114 | 39 | 153 | 244 | 91 | 174 | (28) | |
| Nonoperating income (expense) | 1 | (16) | (3) | (3) | (7) | (23) | 16 | |
| Foreign currency transaction gain (loss), before tax | (11) | 3 | ||||||
| Other nonoperating income (expense) | 1 | (16) | (3) | (3) | (7) | (12) | 14 | |
| Interest and debt expense | (25) | (24) | (6) | (4) | (4) | (3) | (3) | |
| Income (loss) from continuing operations before equity method investments, income taxes: | 90 | (1) | 143 | 237 | 80 | 148 | (15) | |
| Income from equity method investments | 0 | |||||||
| Other undisclosed income (loss) from continuing operations before income taxes | 1 | 1 | 1 | 1 | 1 | 11 | (2) | |
| Income (loss) from continuing operations before income taxes: | 91 | 0 | 144 | 237 | 80 | 159 | (17) | |
| Income tax expense | (21) | (16) | (25) | (12) | (14) | (14) | (17) | |
| Net income (loss): | 69 | (16) | 119 | 226 | 66 | 145 | (34) | |
| Net income (loss) attributable to noncontrolling interest | (3) | (6) | 2 | (1) | (4) | (2) | (1) | |
| Net income (loss) available to common stockholders, diluted: | 67 | (22) | 121 | 225 | 62 | 142 | (34) | |
Comprehensive Income ($ in millions)
| 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 69 | (16) | 119 | 226 | 66 | 145 | (34) | |
| Other comprehensive income (loss) | 5 | 4 | 5 | 5 | (26) | 6 | 22 | |
| Other undisclosed comprehensive income (loss) | (29) | (15) | 8 | (26) | (1) | (0) | (2) | |
| Comprehensive income (loss): | 46 | (27) | 133 | 205 | 40 | 150 | (14) | |
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | (3) | (6) | 2 | (1) | (3) | (2) | (1) | |
| Other undisclosed comprehensive income, net of tax, attributable to parent | 2 | |||||||
| Comprehensive income (loss), net of tax, attributable to parent: | 43 | (33) | 134 | 204 | 37 | 148 | (13) | |
Statements sources
The financial statements are based on the company's filings with the 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.