Fresh Del Monte Produce, Inc. (FDP) financial statements (2021 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)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments17332125202534
Cash and cash equivalents17332125202534
Receivables460439503432434438442
Inventory, net of allowances, customer advances and progress billings508552565542493482516
Inventory508552565542493482516
Assets held-for-sale, not part of disposal group18845   
Other undisclosed current assets1020321144148
Total current assets:1,0121,0521,1391,0209619861,041
Noncurrent Assets
Operating lease, right-of-use asset171162
Nontrade receivables  22   11
Property, plant and equipment1,4201,4031,3921,3281,2721,2151,170
Long-term investments and receivables222122227
Long-term investments2262222
Due from related parties  15   25
Intangible assets, net (including goodwill)574582590262261264379
Goodwill424424423262261264331
Intangible assets, net (excluding goodwill)150158167   49
Deferred income tax assets117100
Other noncurrent assets47496096918786
Other undisclosed noncurrent assets  32596643(38)
Total noncurrent assets:2,3312,2982,1161,7471,6921,6101,634
TOTAL ASSETS:3,3433,3503,2552,7672,6532,5962,675
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:512522577382361359382
Accounts payable295309355205183198198
Accrued liabilities46515519171514
Employee-related liabilities75717261675964
Taxes payable148911867
Other undisclosed accounts payable and accrued liabilities82848686858199
Debt0011122
Due to related parties22 11   
Deferred tax liabilities   1518
Other undisclosed current liabilities2140810867
Total current liabilities:555563586394369382409
Noncurrent Liabilities
Long-term debt and lease obligation, including:542587662357232253265
Finance lease, liability00
Operating lease, liability114103
Other undisclosed long-term debt and lease obligation427484662357232253265
Liabilities, other than long-term debt332299145139236211213
Deferred tax liabilities, net  927474
Deferred income tax liabilities140130
Liability, pension and other postretirement and postemployment benefits99989196948790
Other liabilities93715342515050
Other undisclosed noncurrent liabilities1141039386   
Total noncurrent liabilities:989988900582468463478
Total liabilities:1,5431,5511,486976837845887
Temporary equity, carrying amount505552    
Stockholders' equity
Stockholders' equity attributable to parent1,7281,7191,6921,7671,7921,7081,748
Common stock1111111
Additional paid in capital533531527523550568546
Accumulated other comprehensive income (loss)(77)(65)(42)(31)(44)(23)3
Retained earnings1,2711,2531,2061,2751,2861,1621,198
Stockholders' equity attributable to noncontrolling interest22252624254340
Total stockholders' equity:1,7501,7441,7181,7911,8161,7511,788
TOTAL LIABILITIES AND EQUITY:3,3433,3503,2552,7672,6532,5962,675

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues4,2024,4894,4944,0864,0124,0573,928
Revenue, net4,0864,0124,0573,928
Cost of revenue(3,951)(4,188)(4,214)(3,754)(3,550)(3,714)(3,563)
Cost of goods and services sold(3,951)(4,188)(4,214)(3,754)(3,550)(3,714)(3,563)
Other undisclosed gross profit      (0)
Gross profit:251301280332461342365
Operating expenses(196)(196)(188)(176)(187)(182)(264)
Other undisclosed operating income (loss)229(54)(3)(30)(70)73
Operating income:771143915324491174
Nonoperating income (expense)(5)1(16)(3)(3)(7)(23)
Foreign currency transaction loss, before tax      (11)
Other nonoperating income (expense)(5)1(16)(3)(3)(7)(12)
Interest and debt expense(21)(25)(24)(6)(4)(4)(3)
Income (loss) from continuing operations before equity method investments, income taxes:5190(1)14323780148
Other undisclosed income from continuing operations before income taxes11111111
Income from continuing operations before income taxes:5191014423780159
Income tax expense(5)(21)(16)(25)(12)(14)(14)
Net income (loss):4669(16)11922666145
Net income (loss) attributable to noncontrolling interest3(3)(6)2(1)(4)(2)
Net income (loss) available to common stockholders, diluted:4967(22)12122562142

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss):4669(16)11922666145
Other comprehensive income (loss)55455(26)6
Other undisclosed comprehensive income (loss)(17)(29)(15)8(26)(1)(0)
Comprehensive income (loss):3546(27)13320540150
Comprehensive income (loss), net of tax, attributable to noncontrolling interest3(3)(6)2(1)(3)(2)
Comprehensive income (loss), net of tax, attributable to parent:3843(33)13420437148

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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