Fresh Del Monte Produce Inc. (FDP) Financial Statements (2025 and earlier)

Company Profile

Business Address 241 SEVILLA AVENUE, 12TH FLOOR
CORAL GABLES, FL 33134
State of Incorp.
Fiscal Year End December 31
Industry (SIC) 01 - Agricultural Production Crops (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

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

3/31/2025
MRQ
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments333417161733
Cash and cash equivalent333417161733
Receivables471482465437460439
Inventory, net of allowances, customer advances and progress billings595600669603508552
Inventory595600669603508552
Asset, held-for-sale, not part of disposal group1056716188
Other undisclosed current assets242423241020
Total current assets:1,1331,1441,2411,0961,0121,052
Noncurrent Assets
Operating lease, right-of-use asset186214214199171162
Property, plant and equipment1,1921,2561,3101,4161,4201,403
Long-term investments and receivables402218922
Long-term investments402218922
Intangible assets, net (including goodwill)430435558567574582
Goodwill396402423424424424
Intangible assets, net (excluding goodwill)3333135143150158
Deferred income tax assets48524754117100
Other noncurrent assets696171584749
Total noncurrent assets:1,9632,0402,2182,3022,3312,298
TOTAL ASSETS:3,0963,1843,4593,3983,3433,350
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:476479550580512522
Taxes payable11148
Employee-related liabilities767571
Accounts payable 251280325350295309
Accrued liabilities303037454651
Other undisclosed accounts payable and accrued liabilities195170187978284
Debt211100
Due to related parties151822 
Other undisclosed current liabilities566041302140
Total current liabilities:533541607629555563
Noncurrent Liabilities
Long-term debt and lease obligation, including:249406547528542587
Finance lease, liability 567900
Other undisclosed long-term debt and lease obligation244400540383427484
Liabilities, other than long-term debt307325330232332299
Deferred income tax liabilities75737270140130
Liability, pension and other postretirement and postemployment benefits838282909998
Other liabilities272829729371
Operating lease, liability122142147136114103
Other undisclosed noncurrent liabilities    136114103
Total noncurrent liabilities:556731877895989988
Total liabilities:1,0891,2711,4841,5251,5431,551
Temporary equity, including noncontrolling interest   49505055
Equity
Equity, attributable to parent1,9911,8961,9051,8021,7281,719
Common stock111111
Additional paid in capital605598548541533531
Accumulated other comprehensive loss(50)(43)(42)(67)(77)(65)
Retained earnings1,4351,3411,3981,3281,2711,253
Equity, attributable to noncontrolling interest161621222225
Total equity:2,0071,9131,9261,8241,7501,744
TOTAL LIABILITIES AND EQUITY:3,0963,1843,4593,3983,3433,350

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

3/31/2025
TTM
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
Revenues4,2804,3214,4424,2524,2024,489
Cost of revenue
(Cost of Product and Service Sold)
(3,922)(3,970)(4,102)(3,948)(3,951)(4,188)
Gross profit:358351340304251301
Operating expenses(197)(187)(187)(193)(196)(196)
Other undisclosed operating income (loss)35(106)30229
Operating income:1965915611177114
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
(8)(19)(15)(9)(5)1
Interest and debt expense  (24)(24)(20)(21)(25)
Income from continuing operations before equity method investments, income taxes:18815117815190
Other undisclosed income (loss) from continuing operations before income taxes(17)11111
Income from continuing operations before income taxes:17117118825191
Income tax expense(29)(18)(20)(2)(5)(21)
Income (loss) from continuing operations:142(2)98804669
Income before gain (loss) on sale of properties:804669
Net income (loss):142(2)98804669
Net income (loss) attributable to noncontrolling interest1(10)103(3)
Net income (loss) available to common stockholders, diluted:142(11)99804967

Comprehensive Income ($ in millions)

3/31/2025
TTM
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
Net income (loss):142(2)98804669
Other comprehensive income233255
Other undisclosed comprehensive income (loss)(10)(5)228(17)(29)
Comprehensive income (loss):135(3)123903546
Comprehensive income (loss), net of tax, attributable to noncontrolling interest1(10)103(3)
Comprehensive income (loss), net of tax, attributable to parent:135(13)124903843

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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