Fresh Del Monte Produce, Inc. (FDP) financial statements (2022 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)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments16173321252025
Cash and cash equivalents16173321252025
Receivables437460439503432434438
Inventory, net of allowances, customer advances and progress billings603508552565542493482
Inventory603508552565542493482
Assets held-for-sale, not part of disposal group1618845   
Other undisclosed current assets2410203211441
Total current assets:1,0961,0121,0521,1391,020961986
Noncurrent Assets
Operating lease, right-of-use asset199171162
Nontrade receivables   22   
Property, plant and equipment1,4161,4201,4031,3921,3281,2721,215
Long-term investments and receivables92221222
Long-term investments9226222
Due from related parties   15   
Intangible assets, net (including goodwill)567574582590262261264
Goodwill424424424423262261264
Intangible assets, net (excluding goodwill)143150158167   
Deferred income tax assets54117100
Other noncurrent assets58474960969187
Other undisclosed noncurrent assets   32596643
Total noncurrent assets:2,3022,3312,2982,1161,7471,6921,610
TOTAL ASSETS:3,3983,3433,3503,2552,7672,6532,596
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:580512522577382361359
Accounts payable350295309355205183198
Accrued liabilities45465155191715
Employee-related liabilities76757172616759
Taxes payable1114891186
Other undisclosed accounts payable and accrued liabilities97828486868581
Debt1001112
Due to related parties1822 11  
Deferred tax liabilities   15
Other undisclosed current liabilities30214081086
Total current liabilities:629555563586394369382
Noncurrent Liabilities
Long-term debt and lease obligation, including:528542587662357232253
Finance lease, liability900
Operating lease, liability136114103
Other undisclosed long-term debt and lease obligation383427484662357232253
Liabilities, other than long-term debt232332299145139236211
Deferred tax liabilities, net  9274
Deferred income tax liabilities70140130
Liability, pension and other postretirement and postemployment benefits90999891969487
Other liabilities72937153425150
Other undisclosed noncurrent liabilities1361141039386  
Total noncurrent liabilities:895989988900582468463
Total liabilities:1,5251,5431,5511,486976837845
Temporary equity, carrying amount50505552   
Stockholders' equity
Stockholders' equity attributable to parent1,8021,7281,7191,6921,7671,7921,708
Common stock1111111
Additional paid in capital541533531527523550568
Accumulated other comprehensive loss(67)(77)(65)(42)(31)(44)(23)
Retained earnings1,3281,2711,2531,2061,2751,2861,162
Stockholders' equity attributable to noncontrolling interest22222526242543
Total stockholders' equity:1,8241,7501,7441,7181,7911,8161,751
TOTAL LIABILITIES AND EQUITY:3,3983,3433,3503,2552,7672,6532,596

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues4,2524,2024,4894,4944,0864,0124,057
Revenue, net4,0864,0124,057
Cost of revenue
(Cost of Goods and Services Sold)
(3,948)(3,951)(4,188)(4,214)(3,754)(3,550)(3,714)
Gross profit:304251301280332461342
Operating expenses(193)(196)(196)(188)(176)(187)(182)
Other undisclosed operating income (loss)0229(54)(3)(30)(70)
Operating income:111771143915324491
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
(9)(5)1(16)(3)(3)(7)
Interest and debt expense(20)(21)(25)(24)(6)(4)(4)
Income (loss) from continuing operations before equity method investments, income taxes:815190(1)14323780
Other undisclosed income from continuing operations before income taxes1111111
Income from continuing operations before income taxes:825191014423780
Income tax expense(2)(5)(21)(16)(25)(12)(14)
Net income (loss):804669(16)11922666
Net income (loss) attributable to noncontrolling interest03(3)(6)2(1)(4)
Net income (loss) available to common stockholders, diluted:804967(22)12122562

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):804669(16)11922666
Other comprehensive income (loss)255455(26)
Other undisclosed comprehensive income (loss)8(17)(29)(15)8(26)(1)
Comprehensive income (loss):903546(27)13320540
Comprehensive income (loss), net of tax, attributable to noncontrolling interest03(3)(6)2(1)(3)
Comprehensive income (loss), net of tax, attributable to parent:903843(33)13420437

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.

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