Fresh Del Monte Produce Inc. (FDP) Financial Statements (2024 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)

3/31/2024
MRQ
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments341716173321
Cash and cash equivalents341716173321
Receivables482465437460439503
Inventory, net of allowances, customer advances and progress billings600669603508552565
Inventory600669603508552565
Asset, held-for-sale, not part of disposal group5671618845
Other undisclosed current assets24232410203
Total current assets:1,1441,2411,0961,0121,0521,139
Noncurrent Assets
Operating lease, right-of-use asset214214199171162
Nontrade receivables      22
Property, plant and equipment1,2561,3101,4161,4201,4031,392
Long-term investments and receivables221892221
Due from related parties    15
Long-term investments22189226
Intangible assets, net (including goodwill)435558567574582590
Goodwill402423424424424423
Intangible assets, net (excluding goodwill)33135143150158167
Deferred income tax assets524754117100
Other noncurrent assets617158474960
Other undisclosed noncurrent assets      32
Total noncurrent assets:2,0402,2182,3022,3312,2982,116
TOTAL ASSETS:3,1843,4593,3983,3433,3503,255
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:479550580512522577
Taxes payable111489
Employee-related liabilities76757172
Accounts payable 280325350295309355
Accrued liabilities303745465155
Other undisclosed accounts payable and accrued liabilities17018797828486
Debt111001
Due to related parties151822 1
Other undisclosed current liabilities60413021408
Total current liabilities:541607629555563586
Noncurrent Liabilities
Long-term debt and lease obligation, including:406547528542587662
Finance lease, liability 67900
Other undisclosed long-term debt and lease obligation400540383427484662
Liabilities, other than long-term debt325330232332299145
Deferred income tax liabilities737270140130
Liability, pension and other postretirement and postemployment benefits828290999891
Other liabilities282972937153
Operating lease, liability142147136114103
Other undisclosed noncurrent liabilities   13611410393
Total noncurrent liabilities:731877895989988900
Total liabilities:1,2711,4841,5251,5431,5511,486
Temporary equity, carrying amount  4950505552
Equity
Equity, attributable to parent1,8961,9051,8021,7281,7191,692
Common stock111111
Additional paid in capital598548541533531527
Accumulated other comprehensive loss(43)(42)(67)(77)(65)(42)
Retained earnings1,3411,3981,3281,2711,2531,206
Equity, attributable to noncontrolling interest162122222526
Total equity:1,9131,9261,8241,7501,7441,718
TOTAL LIABILITIES AND EQUITY:3,1843,4593,3983,3433,3503,255

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

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues4,3214,4424,2524,2024,4894,494
Cost of revenue
(Cost of Goods and Services Sold)
(3,970)(4,102)(3,948)(3,951)(4,188)(4,214)
Gross profit:351340304251301280
Operating expenses(187)(187)(193)(196)(196)(188)
Other undisclosed operating income (loss)(106)30229(54)
Operating income:591561117711439
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
(19)(15)(9)(5)1(16)
Interest and debt expense(24)(24)(20)(21)(25)(24)
Income (loss) from continuing operations before equity method investments, income taxes:15117815190(1)
Other undisclosed income from continuing operations before income taxes111111
Income (loss) from continuing operations before income taxes:171188251910
Income tax expense(18)(20)(2)(5)(21)(16)
Income (loss) from continuing operations:(2)98804669(16)
Income (loss) before gain (loss) on sale of properties:804669(16)
Net income (loss):(2)98804669(16)
Net income (loss) attributable to noncontrolling interest(10)103(3)(6)
Net income (loss) available to common stockholders, diluted:(11)99804967(22)

Comprehensive Income ($ in millions)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income (loss):(2)98804669(16)
Other comprehensive income (loss)332554
Other undisclosed comprehensive income (loss)(5)228(17)(29)(15)
Comprehensive income (loss):(3)123903546(27)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(10)103(3)(6)
Comprehensive income (loss), net of tax, attributable to parent:(13)124903843(33)

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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