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)

7/31/2023
MRQ
1/31/2023
MRQ
10/31/2022
10/31/2021
10/31/2020
10/31/2019
10/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,7972,0601,8854,0557,9731,520
Cash and cash equivalents1,7972,0601,8854,0557,9731,520
Restricted cash and investments 1,074970   
Receivables66,35063,81684,16669,36868,72371,043
Inventory, net of allowances, customer advances and progress billings44,09238,83040,75741,78736,88935,044
Inventory44,09238,83040,75741,78736,88935,044
Prepaid expense  3,1003,7004,2003,4002,800
Advances on inventory purchases9,75412,4306,6935,0617,338 
Other undisclosed current assets10,9184,36414,47011,4243,19218,103
Total current assets:132,911125,674152,641135,895127,515128,510
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization  5,7216,9076,830 
Operating lease, right-of-use asset53,13254,51859,84260,262 
Property, plant and equipment     132,098122,143
Long-term investments and receivables3,9373,78231,40129,26277,69767,414
Due from related parties    35,241 
Long-term investments3,9373,78231,40129,26242,45667,414
Intangible assets, net (including goodwill)35,47935,85937,42238,89118,26218,262
Goodwill28,65328,65328,65328,56818,26218,262
Intangible assets, net (excluding goodwill)6,8267,2068,76910,323  
Deferred income tax assets5,4335,4335,3162,4863,447
Other noncurrent assets49,87647,17040,50032,55831,34127,030
Other undisclosed noncurrent assets115,728107,589111,373123,440 4,377
Total noncurrent assets:263,585260,072292,761293,729262,845239,226
TOTAL ASSETS:396,496385,746445,402429,624390,360367,736
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities69,31562,23172,18766,64976,40469,824
Interest and dividends payable20,33020,34319,35417,568
Accounts payable17,42110,4369,7949,38417,42113,735
Accrued liabilities51,89451,79542,06336,92239,62938,521
Debt1,7191,5741,58721,89376215,118
Other liabilities11,00011,00011,000   
Other undisclosed current liabilities23,08827,14829,85017,78913,46314,001
Total current liabilities:105,122101,953114,624106,33190,62998,943
Noncurrent Liabilities
Long-term debt and lease obligation, including:4,9554,4475,5535,7165,412314
Long-term debt, excluding current maturities      
Finance lease, liability 4,4475,5535,716 
Other undisclosed long-term debt and lease obligation 4,955(52,140)(57,561)(58,273)5,412314
Liabilities, other than long-term debt53,2442,6353,0813,3028,4503,520
Deferred revenue and credits2,678
Deferred rent credit     3,681 
Other liabilities2,6022,6353,0813,3024,769842
Operating lease, liability50,64252,14057,56158,273 
Other undisclosed noncurrent liabilities 16,40053,34095,26158,273  
Total noncurrent liabilities:74,59960,422103,89567,29113,8623,834
Total liabilities:179,721162,375218,519173,622104,491102,777
Equity
Equity, attributable to parent215,487222,356225,515254,530284,181263,211
Common stock181818181818
Additional paid in capital172,524171,223168,133165,000161,606157,928
Accumulated other comprehensive income      12,141
Retained earnings42,94551,11557,36489,512122,55793,124
Equity, attributable to noncontrolling interest1,2881,0151,3681,4721,6881,748
Total equity:216,775223,371226,883256,002285,869264,959
TOTAL LIABILITIES AND EQUITY:396,496385,746445,402429,624390,360367,736

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

7/31/2023
TTM
1/31/2023
TTM
10/31/2022
10/31/2021
10/31/2020
10/31/2019
10/31/2018
Revenues1,143,1851,191,0731,055,8301,059,3711,195,7771,088,758
Revenue, net1,088,758
Cost of revenue
(Cost of Goods and Services Sold)
(1,068,137)(1,117,228)(998,405)(969,473)(1,067,695)(975,142)
Gross profit:75,04873,84557,42589,898128,082113,616
Operating expenses(69,739)(66,899)(58,260)(57,736)(57,036)(57,081)
Other undisclosed operating loss (305)(959)(9,162)   
Operating income (loss):5,0045,987(9,997)32,16271,04656,535
Nonoperating income1,2121,5171,3512,5512,675559
Investment income, nonoperating  5003351,9982,675918
Gain, foreign currency transaction, before tax      800
Other nonoperating income1,1281,0171,016553  
Interest and debt expense(1,775)(1,686)(798)(877)(948)(831)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(6,475)(8,605)9,988(45,859)(9,223)318
Income (loss) from continuing operations before equity method investments, income taxes:(2,034)(2,787)544(12,023)63,55056,581
Income (loss) from equity method investments127(564)(1,719)(6,110)(14,082)(11,850)
Income (loss) from continuing operations before income taxes:(1,907)(3,351)(1,175)(18,133)49,46844,731
Income tax expense (benefit)(3,331)(3,251)(10,747)4,292(12,882)(12,719)
Income (loss) from continuing operations:(5,238)(6,602)(11,922)(13,841)36,58632,012
Income (loss) before gain (loss) on sale of properties:(2,443)(6,602)(11,922)(13,841)36,58632,012
Net income (loss):(5,238)(6,602)(11,922)(13,841)36,58632,012
Net income (loss) attributable to noncontrolling interest(37)35310421660269
Net income (loss) available to common stockholders, diluted:(5,275)(6,249)(11,818)(13,625)36,64632,281

Comprehensive Income ($ in thousands)

7/31/2023
TTM
1/31/2023
TTM
10/31/2022
10/31/2021
10/31/2020
10/31/2019
10/31/2018
Net income (loss):(5,238)(6,602)(11,922)(13,841)36,58632,012
Other comprehensive income      1,707
Comprehensive income (loss):(5,238)(6,602)(11,922)(13,841)36,58633,719
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(37)35310421660269
Comprehensive income (loss), net of tax, attributable to parent:(5,275)(6,249)(11,818)(13,625)36,64633,988

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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