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FDP Price Correlated With Financials For Fresh Del Monte Produce

Free historical financial statements for Fresh Del Monte Produce Inc. See how revenue, income, cash flow, and balance sheet financials have changed over 45 quarters since 2011. Compare with FDP stock chart to see long term trends.

FDP Stock Compared to Quarterly

FDP Income Statement

Revenue, Net:1136900000
Revenue Per Share:23.7751
Cost of Goods & Services Sold:1047100000
Gross Profit:89800000
Selling, General & Admin Expense:45200000
Operating Income:39800000
Income Taxes:5800000
Net Income:25800000
Earnings Per Share, Basic:0.54
Shares Outstanding, Basic Avg:47818861

FDP Cash Flow

Operating Activities Net Income:
Depreciation, Depletion & Amortization:23600000
Net Cash from Operations:-300000
Net Cash from Operations Per Share:-0.0063
Repurchases/Buybacks Common Stock:null
Issuance of Long-term Debt:262500000
Cash Dividends Paid:7200000
Net Cash from Financing Activities:26700000
Property, Plant & Equipment Purchases:11100000
Net Cash from Investing Activities:-16600000
Net Change in Cash & Equivalents:9200000

FDP Balance Sheet

Cash and Cash Equivalents:25300000
Accounts Receivable, Net:415800000
Total Current Assets:1218000000
Property, Plant & Equipment, Net:1396900000
Total Assets:3501800000
Total Short-Term Liabilities:676300000
Total Liabilities:1578500000

Insider Trading

SEC Form 4
20,000 sh at $25

Major Holders (from 13F filings)

Investment Type
Value (x$1000)
increase or decrease
7,068,369 sh
-24,694 sh
Blackrock Inc.
5,492,554 sh
-45,566 sh
Vanguard Group Inc
4,055,814 sh
111,127 sh
Dimensional Fund Advisors LP
3,613,998 sh
-43,563 sh
Boston Partners
1,336,869 sh
-4,769 sh
Invesco Ltd.
817,312 sh
132,234 sh
Bank Of New York Mellon Corp
730,011 sh
16,125 sh
Charles Schwab Investment Management Inc
693,242 sh
35,911 sh
Geode Capital Management, LLC
578,660 sh
37,779 sh
Northern Trust Corp
435,260 sh
-14,501 sh
JPMorgan Chase & Co
302,861 sh
-5,845 sh
Principal Financial Group Inc
219,801 sh
-2,053 sh
First Trust Advisors Lp
184,226 sh
42,545 sh
Victory Capital Management Inc
153,152 sh
116,391 sh
Chartwell Investment Partners, LLC
151,304 sh
-260,942 sh
Prudential Financial Inc
146,225 sh
11,821 sh
Renaissance Technologies LLC
139,400 sh
-800 sh
Morgan Stanley
126,559 sh
-23,652 sh
American Century Companies Inc
126,066 sh
41,720 sh
Brandywine Global Investment Management, LLC
102,183 sh
5,506 sh

Reference in this Report to “Fresh Del Monte,” “we,” “our” and “us” and the “Company” refer to Fresh Del Monte Produce Inc. and its subsidiaries, unless the context indicates otherwise.

Nature of Business

We are one of the world’s leading vertically integrated producers, marketers and distributors of high-quality fresh and fresh-cut fruit and vegetables, as well as a leading producer and marketer of prepared fruit and vegetables, juices, beverages and snacks in Europe, Africa and the Middle East. We market our products worldwide under the Del Monte ® brand, a symbol of product innovation, quality, freshness and reliability since 1892. Our major sales markets are organized as follows: North America, Europe (which includes Kenya), the Middle East (which includes North Africa) and Asia. Our global sourcing and logistics system allows us to provide regular delivery of consistently high-quality produce and value-added services to our customers. Our major producing operations are located in North, Central and South America, Asia and Africa. Our products are sourced from company-owned operations, through supply contracts with independent growers, and through joint venture arrangements.

Our business is comprised of three reportable segments, two of which represent our primary businesses of fresh and value-added products and banana, and one that represents our other ancillary businesses.

• Fresh and value-added products - includes pineapples, fresh-cut fruit, fresh-cut vegetables (which includes fresh-cut salads), melons, vegetables, non-tropical fruit (including grapes, apples, citrus, blueberries, strawberries, pears, peaches, plums, nectarines, cherries and kiwis), other fruit and vegetables, avocados, and prepared foods (including prepared fruit and vegetables, juices, other beverages, and meals and snacks).

• Banana

• Other products and services - includes our ancillary businesses consisting of sales of poultry and meat products, a plastic product business, and third-party freight services.

Fiscal Year

Our fiscal year end is the last Friday of the calendar year or the first Friday subsequent to the end of the calendar year, whichever is closest to the end of the calendar year. Fiscal year 2021 had 52 weeks and ended on December 31, 2021. Fiscal year 2020 had 53 weeks and ended on January 1, 2021. Fiscal year 2019 had 52 weeks and ended on December 27, 2019.

Basis of Presentation

The accompanying Consolidated Financial Statements have been prepared in accordance with accounting principles generally accepted in the United States of America (U.S. GAAP). The preparation of our Consolidated Financial Statements in accordance with U.S. GAAP requires us to make estimates and assumptions that affect the amounts reported in our Consolidated Financial Statements and accompanying notes. Actual results could differ from these estimates.

Our Consolidated Financial Statements include the accounts of our majority owned subsidiaries, which we control due to ownership of a majority voting interest. Additionally, we consolidate variable interest entities (“VIEs”) when we have variable interests and are the primary beneficiary. All intercompany accounts and transactions are eliminated in consolidation.

Our Consolidated Balance Sheet as of the year ended January 1, 2021 has been adjusted to reflect an $80.0 million reduction in our deferred tax asset and deferred tax liability accounts in accordance with the accounting guidance related to jurisdictional netting, which requires an entity to offset its deferred tax liabilities and assets for each tax-paying component of an entity (e.g., subsidiary), by each tax jurisdiction. Prior to the correction, our deferred tax balances were presented on a gross basis. We have determined this correction is immaterial to our consolidated financial statements, and does not impact our historical tax disclosures or our determination of the realizability of our deferred tax assets. Further, this im

Data imported from Fresh Del Monte Produce Inc SEC filings. Check original filings before making any investment decision.