CALAVO GROWERS, INC CVGW Balance Sheet

Calavo growers, inc (CVGW)

Balance Sheet / Quarterly

Jan'20	Oct'19	Jul'19	Apr'19	Jan'19	Oct'18	Jul'18	Apr'18	Jan'18	Oct'17	Jul'17	Apr'17	Jan'17	Oct'16	Jul'16	Apr'16	Jan'16	Oct'15	Jul'15	Apr'15	Jan'15	Oct'14	Jul'14	Apr'14	Jan'14	Oct'13	Jul'13	Apr'13	Jan'13	Oct'12	Jul'12	Apr'12	Jan'12	Oct'11	Jul'11	Oct'10
Assets
Current assets:
Cash and cash equivalents
4,937	7,973	5,168	7,361	4,211	1,520	2,029	2,377	2,942	6,625	8,871	10,468	7,586	13,842	14,650	7,888	8,188	7,171	5,536	9,269	5,132	6,744	9,436	9,914	6,346	8,019	5,927	7,119	9,067	7,103	5,124	4,682	3,595	2,774	2,454	1,064
Accounts receivable, net of allowances of $3,920 (2020) $3,366 (2019)
78,654	63,423	87,977	83,392	73,323	66,143	73,412	76,925	72,655	69,750	81,217	94,970	76,378	70,101	86,575	75,888	74,122	58,606	66,147	80,493	70,310	56,618	63,731	64,093	60,060	55,060	60,464	59,349	48,367	38,870	44,303	51,512	39,693	36,101	63,455	31,743
Inventories, net
42,237	36,889	46,340	49,616	38,463	35,044	35,857	39,158	31,184	30,858	32,714	38,634	24,409	31,849	36,410	29,849	27,090	26,351	31,574	31,045	27,062	30,975	33,035	32,261	27,659	28,673	31,590	25,434	22,331	22,948	21,001	25,032	20,785	17,787	21,852	14,831
Prepaid expenses and other current assets
10,826	9,027	7,248	7,878	8,033	16,727	6,688	7,026	7,680	6,872	6,974	6,391	6,554	14,402	13,317	14,540	13,206	15,763	19,263	20,909	22,328	19,528	15,492	13,528	11,965	10,757	8,784	8,539	8,013	7,190	5,574	6,797	6,519	6,220	6,043	8,424
Advances to suppliers
3,872	7,338	5,140	4,136	4,332	5,555	5,321	2,719	1,892	4,346	2,519	1,491	6,175	4,425	2,000	-	-	2,820	2,746	76	460	3,258	1,385	39	3,419	3,213	1,963	31	1,324	2,369	1,795	1,342	3,617	3,349	1,227	1,598
Income taxes receivable
4,004	2,865	361	-	2,296	3,521	-	-	-	1,377	252	-	2,675	334	-	-	3,120	6,111	978	2,460	4,601	2,627	-	-	504	2,013	1,405	2,982	2,717	2,762	2,471	0	1,609	3,111	1,529	1,816
Deferred income taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,294	3,294	3,294	3,294	1,995	1,995	1,995	1,995	2,222	2,222	2,222	2,222	2,136	2,136	2,136	2,136	2,336	2,336
Total current assets
144,530	127,515	152,234	152,383	130,658	128,510	123,307	128,205	116,353	119,828	132,547	151,954	123,777	134,953	152,952	128,165	125,726	116,822	129,538	147,546	133,187	123,044	125,074	121,830	111,948	109,730	112,355	105,676	94,041	83,464	82,404	91,501	77,954	71,478	98,896	61,812
Property, plant, and equipment, net
131,209	132,098	131,245	125,696	122,522	122,143	121,309	121,803	121,766	120,072	118,277	114,272	114,581	87,837	80,060	75,299	72,158	69,448	66,446	60,855	59,475	57,352	54,565	55,568	53,050	52,649	51,798	51,230	50,966	50,562	50,193	48,606	47,696	47,091	46,267	41,059
Operating lease right-of-use assets
64,159	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Investment in Limoneira Company
32,741	31,734	33,194	38,310	36,951	42,609	47,121	40,241	37,251	40,362	39,342	35,747	29,386	34,036	30,578	30,924	21,745	27,415	35,591	39,653	35,954	44,355	38,115	39,705	35,902	45,531	38,789	32,203	37,596	38,841	30,941	29,057	31,080	29,991	35,833	34,986
Investment in unconsolidated entities
7,694	10,722	12,860	15,370	18,507	24,805	33,121	33,297	33,622	33,019	30,850	27,274	24,486	24,652	20,890	19,761	19,868	19,720	19,760	18,360	18,380	18,380	18,382	1,533	1,544	1,420	520	520	520	520	2,466	2,498	2,329	2,292	2,286	2,016
Deferred income taxes
3,447	3,447	4,377	4,377	4,377	4,377	4,778	8,641	9,419	9,783	13,007	14,319	16,641	14,944	17,588	17,462	20,812	19,277	15,354	13,932	15,563	12,287	17,912	8,826	9,255	0	-	-	-	-	-	-	-	-	-	-
Goodwill
18,262	18,262	18,262	18,262	18,262	18,300	18,262	18,262	18,262	18,262	18,262	18,262	18,262	18,262	18,262	18,262	18,262	18,262	18,262	18,262	18,262	18,262	18,262	18,262	18,262	18,262	18,262	18,262	18,262	18,262	18,349	18,349	18,349	18,349	18,696	4,085
Notes receivable from FreshRealm
36,112	35,241	30,743	24,680	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loans to FreshRealm
-	-	-	-	19,942	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other assets
33,244	31,341	30,132	30,126	29,046	27,030	25,035	24,330	23,975	22,791	23,885	22,094	19,892	13,249	14,295	14,220	13,203	14,001	7,753	8,954	9,274	9,784	10,114	11,436	12,034	12,347	13,186	13,540	14,949	16,242	14,805	15,242	15,676	16,122	14,174	6,240
Total assets
471,398	390,360	413,047	409,204	380,265	367,736	372,933	374,779	360,648	364,117	376,170	383,922	347,025	327,933	334,625	304,093	291,774	284,945	292,704	307,562	290,095	283,464	282,424	257,160	241,995	239,939	234,910	221,431	216,334	207,891	199,158	205,253	193,084	185,323	216,152	150,198
Liabilities and shareholders' equity
Current liabilities:
Payable to growers
21,052	13,463	34,597	25,632	10,247	14,001	22,025	27,373	17,304	16,524	27,986	37,480	16,484	20,965	39,991	19,613	11,164	3,924	15,035	25,078	7,822	6,660	20,920	19,117	4,720	14,490	28,049	17,301	5,985	8,475	14,132	12,535	4,389	5,081	28,820	11,208
Trade accounts payable
21,880	17,421	15,385	13,903	16,917	13,735	16,338	16,420	20,676	22,911	30,597	28,346	23,575	22,447	23,667	21,285	21,347	19,600	19,510	19,125	16,703	15,065	16,061	15,850	12,330	11,699	13,308	12,535	9,498	7,898	10,884	9,010	7,743	7,038	7,813	2,839
Accrued expenses
36,074	39,629	48,941	43,178	39,528	38,521	35,799	36,752	35,575	39,946	27,771	26,594	24,683	31,095	25,837	22,776	23,445	21,311	19,679	20,605	24,708	25,303	82,358	54,512	48,635	36,541	44,680	42,329	44,076	22,237	18,017	19,367	21,297	19,285	17,773	15,353
Income taxes payable
-	-	-	421	-	-	976	1,884	1,368	-	-	4,350	-	-	4,675	1,358	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	471	-	-	-	-
Short-term borrowings
27,500	-	-	26,500	39,000	15,000	8,000	21,000	31,500	20,000	38,000	47,500	59,500	19,000	18,500	31,990	44,000	36,910	36,080	45,150	53,610	35,900	28,740	41,030	52,690	33,990	25,980	35,140	32,780	20,170	20,020	33,190	28,760	17,860	24,220	8,150
Dividend payable
-	19,354	-	-	-	17,568	-	-	-	16,657	-	-	-	15,696	-	-	-	13,907	-	-	-	12,970	-	-	-	11,004	-	-	-	9,612	-	0	0	8,123	0	8,092
Current portion of operating leases
5,881	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Current portion of long-term obligations and finance leases
745	762	754	221	112	118	118	117	123	129	137	134	132	138	137	642	1,417	2,206	3,006	4,635	4,873	5,099	5,231	5,321	5,245	5,258	5,679	5,747	5,329	5,416	5,480	5,473	5,460	5,448	5,368	1,369
Total current liabilities
113,132	90,629	99,677	109,855	105,804	98,943	83,256	103,546	106,546	116,167	124,491	144,404	124,374	109,341	112,807	97,664	101,373	97,858	93,310	114,593	107,716	100,997	156,399	135,844	123,620	112,982	117,696	113,052	97,668	73,808	68,533	80,046	67,649	62,835	83,994	47,011
Long-term liabilities:
Long-term operating leases, less current portion
62,253	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Long-term obligations, less current portion
5,453	5,412	5,590	3,434	271	314	350	383	409	439	454	427	417	445	485	519	552	586	624	1,168	1,970	2,791	3,629	5,801	6,841	7,792	8,843	11,097	12,073	13,039	13,965	16,189	17,074	18,244	19,282	6,089
Deferred rent
-	3,681	3,631	3,224	2,895	2,678	2,782	2,706	2,719	2,732	2,509	2,286	2,298	2,307	2,315	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other long-term liabilities
3,549	4,769	4,987	5,063	842	842	-	-	-	657	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred income taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	234	234	234	234	-	-	-	-	-	-	-	129	7,321	2,689	5,095	10,665	8,373	7,638	8,427	8,002	8,518	8,266
Total long-term liabilities
71,255	13,862	14,208	11,721	4,008	3,834	3,132	3,089	3,128	3,828	2,963	2,713	2,715	2,752	3,034	753	786	820	-	1,168	1,970	2,791	3,629	5,801	6,841	7,921	16,164	13,786	17,168	23,704	22,338	23,827	25,501	26,246	27,800	14,355
Commitments and contingencies
-	-	-	-	-	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Noncontrolling interest, Calavo Salsa Lisa
-	-	-	-	-	-	-	-	-	-	-	-	771	771	285	285	285	285	270	-	-	270	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Shareholders' equity:
Common stock ($0.001 par value, 100,000 shares authorized; 17,614 (2019) and 17,595 (2019) shares issued and outstanding)
18	18	18	18	18	18	18	18	18	18	18	18	18	17	17	17	17	17	17	17	17	17	15	15	15	15	14	14	14	14	14	14	14	14	14	14
Additional paid-in capital
162,584	161,606	160,722	159,838	158,941	157,928	157,011	156,069	155,127	154,243	153,073	152,241	151,575	149,748	148,811	148,193	147,636	147,063	146,875	145,906	145,055	144,496	77,244	71,481	71,076	70,790	42,251	42,073	46,162	51,276	50,565	50,451	50,307	49,929	49,891	42,319
Accumulated other comprehensive income
-	-	-	-	-	12,141	15,715	10,624	8,412	10,434	9,914	7,631	3,591	6,544	4,428	4,647	-1,181	2,419	7,016	9,657	7,588	12,713	8,891	9,861	7,541	13,414	9,358	5,341	8,631	9,390	4,515	3,366	4,599	3,935	7,554	6,959
Noncontrolling interest
1,625	1,688	1,722	1,675	1,742	1,748	1,779	1,761	1,867	1,016	909	923	934	962	989	1,025	1,038	1,011	-	-	-	-	-	-	-	-	-	-	-	-	400	421	434	462	513	575
Retained earnings
122,784	122,557	136,700	126,097	109,752	93,124	112,022	99,672	85,550	78,411	84,802	75,992	63,047	57,798	64,254	51,509	41,820	35,472	44,592	35,951	27,479	22,180	36,392	34,841	33,287	35,054	49,624	46,952	46,443	49,342	52,793	47,128	44,580	41,902	46,386	38,965
Total shareholders' equity
287,011	285,869	299,162	287,628	270,453	264,959	286,545	268,144	250,974	244,122	248,716	236,805	219,165	215,069	218,499	205,391	189,330	185,982	198,500	191,531	180,139	179,406	122,542	115,619	111,603	119,093	101,247	94,380	101,250	110,022	107,887	100,959	99,500	95,780	103,845	88,257
Total liabilities and shareholders' equity
471,398	390,360	413,047	409,204	380,265	367,736	372,933	374,779	360,648	364,117	376,170	383,922	347,025	327,933	334,625	304,093	291,774	284,945	292,704	307,562	290,095	283,464	282,424	257,160	241,995	239,939	234,910	221,431	216,334	207,891	199,158	205,253	193,084	185,323	216,152	150,198