CVGW · As filed with the SEC
Calavo Growers cash flow statement, by fiscal year
The statement as Calavo Growers presents it in its 10-Q and 10-K: its own lines, labels and order. Tables over time lines up standardized figures across every filing.
CONSOLIDATED STATEMENTS OF CASH FLOWS · USD
| USD | FY2025 Year ended Oct 31, 2025 | FY2024 Year ended Oct 31, 2024 | FY2023 Year ended Oct 31, 2023 | FY2022 Year ended Oct 31, 2022 | FY2021 Year ended Oct 31, 2021 | FY2020 Year ended Oct 31, 2020 | FY2019 Year ended Oct 31, 2019 | FY2018 Year ended Oct 31, 2018 |
|---|---|---|---|---|---|---|---|---|
| Cash Flows from Operating Activities: | ||||||||
| Net income (loss) | 19,970,000 | (1,024,000) | (7,967,000) | (6,602,000) | (11,922,000) | (13,841,000) | 36,586,000 | 32,012,000 |
| Adjustments to reconcile net income (loss) to net cash provided by operating activities: | ||||||||
| Depreciation and amortization | 7,483,000 | 10,603,000 | 17,282,000 | 16,589,000 | 17,571,000 | 16,093,000 | 13,633,000 | 13,042,000 |
| Non-cash operating lease expense | (259,000) | (1,751,000) | 38,000 | 20,000 | 83,000 | 176,000 | — | — |
| SFFI Impairments | — | — | — | — | 0 | — | — | — |
| Realized and unrealized net loss on Limoneira shares | — | — | — | 8,605,000 | (3,858,000) | 8,537,000 | 9,722,000 | — |
| Net loss from unconsolidated entities | 214,000 | 478,000 | 879,000 | 564,000 | 1,719,000 | 6,110,000 | — | — |
| Impairment of goodwill | — | 9,280,000 | — | — | — | — | — | — |
| Provision of tomato grower advances | 2,301,000 | — | — | — | — | — | — | — |
| Divesture of Calavo Salsa Lisa | — | — | 624,000 | — | — | — | — | — |
| Impairment and non-cash charges related to closure of Florida facility | — | — | — | 317,000 | 9,748,000 | — | — | — |
| Recovery from reserve for FreshRealm note receivable and impairment of investment | — | — | — | — | (6,130,000) | 37,322,000 | — | — |
| Interest income on notes to FreshRealm | — | — | — | — | — | (1,732,000) | (2,435,000) | — |
| Gain on sale of Fresh Cut Business | — | (192,000) | — | — | — | — | — | — |
| Provision for uncollectible Mexican IVA taxes receivable | — | 165,000 | 2,474,000 | — | — | 22,000 | 35,000 | (10,000) |
| Net loss from unconsolidated entities | — | — | — | — | — | — | 14,082,000 | 11,851,000 |
| Stock-based compensation expense | 1,157,000 | 2,160,000 | 5,210,000 | 3,139,000 | 3,950,000 | 4,487,000 | 3,593,000 | 4,633,000 |
| Loss on disposal of property, plant, and equipment | — | — | — | — | — | — | — | 121,000 |
| Amortization of debt issuance costs | 182,000 | 286,000 | — | — | — | — | — | — |
| Gain on sale of Temecula packinghouse | (221,000) | (216,000) | (216,000) | (216,000) | (216,000) | (216,000) | (2,077,000) | — |
| Loss on disposal of property, plant, and equipment | 141,000 | 56,000 | 40,000 | 186,000 | (170,000) | 32,000 | 304,000 | — |
| Deferred income taxes | (844,000) | (5,209,000) | 1,851,000 | (117,000) | (2,526,000) | (1,930,000) | 930,000 | 4,866,000 |
| Effect on cash of changes in operating assets and liabilities: | ||||||||
| Accounts receivable, net | 10,262,000 | (6,540,000) | (2,360,000) | 19,850,000 | (15,024,000) | 1,859,000 | 2,685,000 | 3,617,000 |
| Inventories | 553,000 | (1,886,000) | (989,000) | 1,837,000 | 412,000 | (4,206,000) | (1,845,000) | (4,186,000) |
| Prepaid expenses and other current assets | 1,727,000 | 1,557,000 | (5,466,000) | (147,000) | 3,567,000 | (782,000) | (2,508,000) | (729,000) |
| Advances to suppliers | — | — | — | (4,677,000) | (1,632,000) | 3,077,000 | (983,000) | (1,009,000) |
| Advances to suppliers | (206,000) | 714,000 | (1,326,000) | — | — | — | — | — |
| Income taxes receivable/payable | (4,064,000) | 2,945,000 | 3,620,000 | 8,128,000 | (933,000) | (8,115,000) | 656,000 | (2,144,000) |
| Other assets | (6,583,000) | 2,438,000 | (7,594,000) | (4,961,000) | (7,831,000) | (1,871,000) | (4,991,000) | (3,118,000) |
| Payable to growers | (3,024,000) | 3,589,000 | (5,435,000) | (2,809,000) | 11,687,000 | (2,117,000) | (538,000) | (2,524,000) |
| Deferred rent | — | — | — | — | — | — | 1,004,000 | (54,000) |
| Trade accounts payable, accrued expenses and other liabilities | — | — | — | 10,527,000 | 15,077,000 | (14,027,000) | 4,246,000 | (7,942,000) |
| Trade accounts payable, accrued expenses and other liabilities | (7,247,000) | 6,966,000 | (15,131,000) | — | — | — | — | — |
| Net cash provided by (used in) operating activities | 21,542,000 | 24,419,000 | (14,466,000) | 50,233,000 | 13,572,000 | 28,878,000 | 72,099,000 | 48,426,000 |
| Cash Flows from Investing Activities: | ||||||||
| Purchases of property, plant, and equipment | (2,151,000) | (2,890,000) | (10,694,000) | (9,769,000) | (11,438,000) | (11,343,000) | (16,721,000) | (15,004,000) |
| Acquisition of SFFI, net of cash acquired of $623 | — | — | — | — | — | (18,396,000) | — | — |
| Investment in unconsolidated entities | — | — | — | — | — | (1,477,000) | — | (136,000) |
| Loan to Agricola Belher | — | — | — | — | (3,500,000) | — | — | — |
| Proceeds received for repayment of San Rafael note | — | — | — | — | — | — | 417,000 | 436,000 |
| Proceeds received from Limoneira stock sales | — | — | — | — | — | — | 1,154,000 | — |
| Proceeds received from Fresh Cut Business Sale | — | 83,000,000 | — | — | — | — | — | — |
| Proceeds received from Limoneira stock sales | — | — | — | 18,450,000 | — | — | — | — |
| Proceeds received from FreshRealm Separation Agreement recovery | — | — | — | — | 6,000,000 | — | — | 2,500,000 |
| Proceeds received on repayment of infrastructure loan | — | — | — | — | 900,000 | — | — | — |
| Infrastructure advance to tomato growers | — | — | — | — | (1,326,000) | (715,000) | — | — |
| Notes receivables advanced to FreshRealm | — | — | — | — | — | — | (23,800,000) | (11,500,000) |
| Payments to Acquire Equity Method Investments | — | — | — | — | — | — | — | (3,500,000) |
| Proceeds from sale of business, net | — | — | — | — | — | — | 7,100,000 | — |
| Infrastructure advance to Agricola Belher | — | — | — | — | — | — | — | (3,000,000) |
| Net cash provided by (used in) investing activities | (2,151,000) | 80,110,000 | (10,694,000) | 8,681,000 | (9,364,000) | (31,931,000) | (31,850,000) | (30,204,000) |
| Cash Flows from Financing Activities: | ||||||||
| Payment of dividend to shareholders | (14,288,000) | (8,921,000) | (10,433,000) | (20,330,000) | (20,343,000) | (19,354,000) | (17,568,000) | (16,657,000) |
| Proceeds from revolving credit facility | — | 85,252,000 | 256,912,000 | 267,200,000 | 334,850,000 | 236,500,000 | 212,500,000 | 278,500,000 |
| Payments on revolving credit facility | — | (120,276,000) | (223,089,000) | (303,700,000) | (317,700,000) | (215,950,000) | (227,500,000) | (283,500,000) |
| Payments of debt issuance cost | — | (148,000) | (693,000) | — | — | — | — | — |
| Issuance of common stock in connection with stock-based compensation, net of tax withholdings | (48,000) | (668,000) | — | (96,000) | (864,000) | (1,179,000) | (1,008,000) | (1,587,000) |
| Proceeds from term loan | — | — | 4,063,000 | — | — | — | — | — |
| Proceeds from sale leaseback | — | — | — | 240,000 | — | — | — | — |
| Payments on long-term obligations and finance leases | — | — | — | (1,996,000) | (1,398,000) | (968,000) | (305,000) | (136,000) |
| Payments on term loan | — | (4,063,000) | — | — | — | — | — | — |
| Payments on long-term obligations and finance leases | (931,000) | (1,526,000) | (1,930,000) | — | — | — | — | — |
| Proceeds from stock option exercises | — | — | 48,000 | 47,000 | 47,000 | 86,000 | 85,000 | 53,000 |
| Net cash provided by (used in) financing activities | (15,267,000) | (50,350,000) | 24,878,000 | (58,635,000) | (5,408,000) | (865,000) | (33,796,000) | (23,327,000) |
| Net decrease in cash and cash equivalents | — | — | — | — | — | — | — | (5,105,000) |
| Cash and cash equivalents, beginning of period | — | — | — | — | — | — | 1,520,000 | 6,625,000 |
| Cash and cash equivalents, end of period | — | — | — | — | — | — | — | 1,520,000 |
| Net increase (decrease) in cash, cash equivalents | 4,124,000 | 54,179,000 | (282,000) | 279,000 | (1,200,000) | (3,918,000) | 6,453,000 | — |
| Cash, cash equivalents, beginning of period | 57,031,000 | 2,852,000 | 3,134,000 | 2,855,000 | 4,055,000 | 7,973,000 | 1,520,000 | — |
| Cash, cash equivalents, end of period | 61,155,000 | 57,031,000 | 2,852,000 | 3,134,000 | 2,855,000 | 4,055,000 | 7,973,000 | — |
| Supplemental Information: | ||||||||
| Interest | 827,000 | 2,637,000 | 2,492,000 | 1,482,000 | 687,000 | 878,000 | 1,108,000 | 874,000 |
| Income taxes | 7,880,000 | 2,292,000 | 1,492,000 | 2,601,000 | 3,047,000 | 5,470,000 | 10,224,000 | 9,262,000 |
| Noncash Investing and Financing Activities: | ||||||||
| Right of use assets obtained in exchange for new financing lease obligations | 719,000 | 641,000 | 2,814,000 | 611,000 | 1,430,000 | 529,000 | — | — |
| Notes receivable from FreshRealm converted to investment in FreshRealm | — | — | — | — | — | 2,761,000 | — | — |
| Acquisitions of property, plant, and equipment with capital lease | — | — | — | — | — | — | 2,827,000 | — |
| Capital lease related to Temecula packinghouse | — | — | — | — | — | — | 3,306,000 | — |
| Property, plant, and equipment included in trade accounts payable and accrued expenses | — | — | — | — | 312,000 | 568,000 | 2,059,000 | 946,000 |
| Collection for Agricola Belher Infrastructure Advance | — | — | — | — | — | 800,000 | 800,000 | 200,000 |
| Unrealized investment gain | — | — | — | — | — | — | — | 2,247,000 |
| Settlement of Agricola Belher infrastructure advance offset against payable to growers | 600,000 | 606,000 | 928,000 | 1,060,000 | — | — | — | — |
| Property, plant, and equipment included in trade accounts payable and accrued expenses | 11,000 | 51,000 | 1,794,000 | 160,000 | — | — | — | — |
As filed on EDGAR · Not affiliated with the U.S. SEC · Not investment advice. Each column links to its filing.