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
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments347844361728
Cash and cash equivalents347844361728
Receivables482464520515465442
Inventory, net of allowances, customer advances and progress billings600587583647669622
Inventory600587583647669622
Asset, held-for-sale, not part of disposal group521226761
Other undisclosed current assets243429262341
Total current assets:1,1441,1651,1781,2461,2411,193
Noncurrent Assets
Operating lease, right-of-use asset214218225221214187
Property, plant and equipment1,2561,2761,2811,2951,3101,321
Long-term investments and receivables222222191818
Long-term investments222222191818
Intangible assets, net (including goodwill)435553555557558559
Goodwill402423423423423422
Intangible assets, net (excluding goodwill)33130132133135137
Deferred income tax assets524949494748
Other noncurrent assets616563567170
Total noncurrent assets:2,0402,1832,1952,1972,2182,202
TOTAL ASSETS:3,1843,3493,3733,4433,4593,396
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:479494514538550582
Accounts payable 280   325 
Accrued liabilities3029291837 
Other undisclosed accounts payable and accrued liabilities170465485520187582
Debt111111
Disposal group, including discontinued operation    2  
Due to related parties15 
Other undisclosed current liabilities608283624152
Total current liabilities:541578598603607635
Noncurrent Liabilities
Long-term debt and lease obligation, including:406407407480547494
Finance lease, liability 6   7 
Other undisclosed long-term debt and lease obligation400407407480540372
Liabilities, other than long-term debt325317322341330189
Deferred income tax liabilities736766747270
Liability, pension and other postretirement and postemployment benefits828483868290
Other liabilities282526282929
Operating lease, liability142141147154147122
Other undisclosed noncurrent liabilities      122
Total noncurrent liabilities:731724729821877804
Total liabilities:1,2711,3021,3271,4241,4841,438
Temporary equity, carrying amount    494948
Equity
Equity, attributable to parent1,8962,0302,0291,9401,9051,888
Common stock111111
Additional paid in capital598599596551548546
Accumulated other comprehensive loss(43)(35)(35)(40)(42)(45)
Retained earnings1,3411,4661,4671,4291,3981,386
Equity, attributable to noncontrolling interest161716292121
Total equity:1,9132,0472,0461,9701,9261,909
TOTAL LIABILITIES AND EQUITY:3,1843,3493,3733,4433,4593,396

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

3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
Revenues1,0091,0031,1811,1291,0401,054
Cost of revenue
(Cost of Goods and Services Sold)
(946)(929)(1,064)(1,032)(958)(966)
Gross profit:6374117978288
Operating expenses(80)(49)(45)(20)(48)(37)
Other undisclosed operating loss(96)  (2)(3) 
Operating income (loss):(113)2572753151
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
3(7)(6)(9)1(9)
Interest and debt expense(4)(6)(7)(8)(7)(6)
Income (loss) from continuing operations before equity method investments, income taxes:(114)1259572536
Other undisclosed income from continuing operations before income taxes010010
Income (loss) from continuing operations before income taxes:(113)1360572636
Income tax expense (benefit)7(4)(11)(10)(6)(3)
Income (loss) from continuing operations:(107)948481933
Income before gain (loss) on sale of properties:33
Net income (loss):(107)948481933
Net income (loss) attributable to noncontrolling interest  (0)(1)(9)(1)1
Net income (loss) available to common stockholders, diluted:(107)848391833

Comprehensive Income ($ in millions)

3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
Net income (loss):(107)948481933
Other comprehensive income (loss)(4)  2(19) 
Other undisclosed comprehensive income (loss) (5)(0)5 22(2)
Comprehensive income (loss):(115)954492331
Comprehensive income (loss), net of tax, attributable to noncontrolling interest  (0)(1)(9)(1)1
Comprehensive income (loss), net of tax, attributable to parent:(115)853412232

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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