XML 31 R37.htm IDEA: XBRL DOCUMENT v2.4.0.8
Supplemental Consolidating Financial Information Condensed Balance Sheet (Tables)
9 Months Ended
Sep. 30, 2014
Condensed Balance Sheet [Table Text Block]
Chiquita Brands International, Inc.
Condensed Consolidating Balance Sheet (Unaudited)
September 30, 2014
(in thousands)
 
 
CBII
 
CBLLC
 
Guarantor
 
Non-Guarantor
 
Consolidating
 
Company
 
 
(Co-Issuer)
 
(Co-issuer)
 
Subsidiaries
 
Subsidiaries
 
Eliminations
 
Consolidated
ASSETS
 
 
 
 
 
 
 
 
 
 
 
 
Current assets:
 
 
 
 
 
 
 
 
 
 
 
 
Cash and equivalents
 
$
—

 
$
10,682

 
$
—

 
$
34,410

 
$
—

 
$
45,092

Trade receivables, less allowances
 
—

 
54,729

 
54,525

 
139,363

 
—

 
248,617

Other receivables, net
 
—

 
2,066

 
5,412

 
61,267

 
(577
)
 
68,168

Inventories
 
—

 
10,702

 
30,246

 
167,983

 
—

 
208,931

Prepaid expenses
 
438

 
5,095

 
8,144

 
28,716

 
—

 
42,393

Due from affiliates
 
58,317

 
2,244,947

 
1,481,248

 
577,543

 
(4,362,055
)
 
—

Other current assets
 
—

 
21,672

 
12,520

 
—

 
(8,800
)
 
25,392

          Total current assets
 
58,755

 
2,349,893

 
1,592,095

 
1,009,282

 
(4,371,432
)
 
638,593

Property, plant and equipment, net
 
—

 
16,808

 
195,940

 
187,612

 
—

 
400,360

Investments and other assets, net
 
21,795

 
11,769

 
4,196

 
75,116

 
(6,437
)
 
106,439

Trademarks
 
—

 
208,085

 
38,500

 
179,500

 
—

 
426,085

Goodwill
 
—

 
—

 
18,095

 
—

 
—

 
18,095

Other intangible assets, net
 
—

 
—

 
79,846

 
41

 
—

 
79,887

Investments in and accounts with subsidiaries
 
1,465,047

 
1,155,566

 
1,246

 
—

 
(2,621,859
)
 
—

          Total assets
 
$
1,545,597

 
$
3,742,121

 
$
1,929,918

 
$
1,451,551

 
$
(6,999,728
)
 
$
1,669,459

 
 
 
 
 
 
 
 
 
 
 
 
 
LIABILITIES AND SHAREHOLDERS' EQUITY
 
 
 
 
 
 
 
 
 
 
 
 
Current liabilities:
 
 
 
 
 
 
 
 
 
 
 
 
Current portion of long-term debt and capital lease obligations
 
$
—

 
$
1,500

 
$
1,662

 
$
1,486

 
$
—

 
$
4,648

Accounts payable
 
8,533

 
5,558

 
92,875

 
141,764

 
—

 
248,730

Accrued liabilities
 
30,386

 
14,319

 
66,468

 
53,844

 
(9,377
)
 
155,640

Due to affiliates
 
936,986

 
1,761,741

 
1,286,745

 
376,583

 
(4,362,055
)
 
—

Total current liabilities
 
975,905

 
1,783,118

 
1,447,750

 
573,677

 
(4,371,432
)
 
409,018

Long-term debt and capital lease obligations, net of current portion
 
173,194

 
416,153

 
40,373

 
5,162

 
—

 
634,882

Accrued pension and other employee benefits
 
14,665

 
2,760

 
4

 
63,965

 
—

 
81,394

Deferred tax liabilities
 
244

 
66,987

 
46,524

 
—

 
(6,437
)
 
107,318

Other liabilities
 
3,506

 
8,056

 
9,619

 
37,583

 
—

 
58,764

Total liabilities
 
1,167,514

 
2,277,074

 
1,544,270

 
680,387

 
(4,377,869
)
 
1,291,376

Commitments and contingencies
 
—

 
—

 
—

 
—

 
—

 
—

Total shareholders' equity
 
378,083

 
1,465,047

 
385,648

 
771,164

 
(2,621,859
)
 
378,083

Total liabilities and shareholders' equity
 
$
1,545,597

 
$
3,742,121

 
$
1,929,918

 
$
1,451,551

 
$
(6,999,728
)
 
$
1,669,459

Chiquita Brands International, Inc.
Condensed Consolidating Balance Sheet
December 31, 2013
(in thousands)
 
 
CBII
 
CBLLC
 
Guarantor
 
Non-Guarantor
 
Consolidating
 
Company
 
 
(Co-Issuer)
 
(Co-issuer)
 
Subsidiaries
 
Subsidiaries
 
Eliminations
 
Consolidated
ASSETS
 
 
 
 
 
 
 
 
 
 
 
 
Current assets:
 
 
 
 
 
 
 
 
 
 
 
 
Cash and equivalents
 
$
—

 
$
15,851

 
$
—

 
$
38,166

 
$
—

 
$
54,017

Trade receivables, less allowances
 
—

 
49,325

 
51,189

 
151,554

 
—

 
252,068

Other receivables, net
 
1,061

 
402

 
5,140

 
49,670

 
—

 
56,273

Inventories
 
—

 
15,567

 
34,831

 
160,166

 
—

 
210,564

Prepaid expenses
 
1,024

 
3,661

 
11,040

 
34,008

 
—

 
49,733

Due from affiliates1
 
71,604

 
2,060,284

 
1,270,479

 
490,208

 
(3,892,575
)
 
—

Other current assets
 
—

 
2,751

 
12,753

 
—

 
(8,964
)
 
6,540

          Total current assets
 
73,689

 
2,147,841

 
1,385,432

 
923,772

 
(3,901,539
)
 
629,195

Property, plant and equipment, net
 
—

 
20,258

 
201,346

 
169,169

 
—

 
390,773

Investments and other assets, net1
 
20,999

 
13,994

 
3,644

 
75,218

 
(5,778
)
 
108,077

Trademarks
 
—

 
208,085

 
38,500

 
179,500

 
—

 
426,085

Goodwill
 
—

 
—

 
18,095

 
—

 
—

 
18,095

Other intangible assets, net
 
—

 
—

 
86,853

 
60

 
—

 
86,913

Investments in and accounts with subsidiaries
 
1,402,089

 
1,073,711

 
3,186

 
—

 
(2,478,986
)
 
—

          Total assets
 
$
1,496,777

 
$
3,463,889

 
$
1,737,056

 
$
1,347,719

 
$
(6,386,303
)
 
$
1,659,138

 
 
 
 
 
 
 
 
 
 
 
 
 
LIABILITIES AND SHAREHOLDERS' EQUITY
 
 
 
 
 
 
 
 
 
 
 
 
Current liabilities:
 
 
 
 
 
 
 
 
 
 
 
 
Current portion of long-term debt and capital lease obligations
 
$
—

 
$
1,500

 
$
726

 
$
45

 
$
—

 
$
2,271

Accounts payable
 
1,126

 
8,150

 
89,352

 
149,645

 
—

 
248,273

Accrued liabilities1
 
36,511

 
27,420

 
57,984

 
45,083

 
(8,964
)
 
158,034

Due to affiliates1
 
903,865

 
1,520,539

 
1,122,258

 
345,913

 
(3,892,575
)
 
—

Total current liabilities
 
941,502

 
1,557,609

 
1,270,320

 
540,686

 
(3,901,539
)
 
408,578

Long-term debt and capital lease obligations, net of current portion
 
164,050

 
427,049

 
38,147

 
107

 
—

 
629,353

Accrued pension and other employee benefits
 
15,223

 
2,818

 
—

 
59,025

 
—

 
77,066

Deferred gain - sale of shipping fleet
 
—

 
—

 
—

 
6,290

 
—

 
6,290

Deferred tax liabilities
 
115

 
66,142

 
42,539

 
661

 
(5,778
)
 
103,679

Other liabilities
 
1,449

 
8,182

 
8,885

 
41,218

 
—

 
59,734

Total liabilities
 
1,122,339

 
2,061,800

 
1,359,891

 
647,987

 
(3,907,317
)
 
1,284,700

Commitments and contingencies
 
—

 
—

 
—

 
—

 
—

 
—

Total shareholders' equity
 
374,438

 
1,402,089

 
377,165

 
699,732

 
(2,478,986
)
 
374,438

Total liabilities and shareholders' equity
 
$
1,496,777

 
$
3,463,889

 
$
1,737,056

 
$
1,347,719

 
$
(6,386,303
)
 
$
1,659,138

1. 
We revised the December 31, 2013 condensed consolidating balance sheet presented above to correct for items of classification between CBII and CBLLC, the Co-Issuers. These classification items affected the line items indicated in amounts representing less than 1% of both total assets and total liabilities of CBII and CBLLC.
Chiquita Brands International, Inc.
Condensed Consolidating Balance Sheet (Unaudited)
September 30, 2013
(in thousands)
 
 
CBII
 
CBLLC
 
Guarantor
 
Non-Guarantor
 
Consolidating
 
Company
 
 
(Co-Issuer)
 
(Co-issuer)
 
Subsidiaries
 
Subsidiaries
 
Eliminations
 
Consolidated
ASSETS
 
 
 
 
 
 
 
 
 
 
 
 
Current assets:
 
 
 
 
 
 
 
 
 
 
 
 
Cash and equivalents
 
$
—

 
$
8,121

 
$
—

 
$
63,645

 
$
—

 
$
71,766

Trade receivables, less allowances
 
—

 
50,964

 
59,197

 
159,731

 
—

 
269,892

Other receivables, net
 
—

 
808

 
5,161

 
60,633

 
—

 
66,602

Inventories
 
—

 
9,814

 
40,373

 
184,596

 
—

 
234,783

Prepaid expenses
 
664

 
2,591

 
8,637

 
35,278

 
—

 
47,170

Due from affiliates
 
90,543

 
2,022,139

 
1,216,321

 
473,315

 
(3,802,318
)
 
—

Other current assets
 
—

 
—

 
17,096

 
10,197

 
(9,830
)
 
17,463

          Total current assets
 
91,207

 
2,094,437

 
1,346,785

 
987,395

 
(3,812,148
)
 
707,676

Property, plant and equipment, net
 
—

 
21,211

 
205,755

 
165,918

 
—

 
392,884

Investments and other assets, net
 
15,245

 
27,077

 
2,393

 
57,445

 
(13,171
)
 
88,989

Trademarks
 
—

 
208,085

 
38,500

 
179,500

 
—

 
426,085

Goodwill
 
—

 
—

 
18,095

 
—

 
—

 
18,095

Other intangible assets, net
 
—

 
—

 
89,189

 
65

 
—

 
89,254

Investments in and accounts with subsidiaries
 
1,388,598

 
1,063,602

 
3,205

 
—

 
(2,455,405
)
 
—

          Total assets
 
$
1,495,050

 
$
3,414,412

 
$
1,703,922

 
$
1,390,323

 
$
(6,280,724
)
 
$
1,722,983

 
 
 
 
 
 
 
 
 
 
 
 
 
LIABILITIES AND SHAREHOLDERS' EQUITY
 
 
 
 
 
 
 
 
 
 
 
 
Current liabilities:
 
 
 
 
 
 
 
 
 
 
 
 
Current portion of long-term debt and capital lease obligations
 
$
—

 
$
1,500

 
$
639

 
$
52

 
$
—

 
$
2,191

Accounts payable
 
1,536

 
6,011

 
101,442

 
174,652

 
—

 
283,641

Accrued liabilities
 
25,657

 
34,674

 
53,633

 
44,212

 
(9,830
)
 
148,346

Due to affiliates
 
895,730

 
1,460,459

 
1,075,060

 
371,069

 
(3,802,318
)
 
—

Total current liabilities
 
922,923

 
1,502,644

 
1,230,774

 
589,985

 
(3,812,148
)
 
434,178

Long-term debt and capital lease obligations, net of current portion
 
161,182

 
427,453

 
31,264

 
113

 
—

 
620,012

Accrued pension and other employee benefits
 
15,016

 
7,363

 
—

 
59,916

 
—

 
82,295

Deferred gain - sale of shipping fleet
 
—

 
—

 
—

 
9,823

 
—

 
9,823

Deferred tax liabilities
 
115

 
79,701

 
39,415

 
5,882

 
(13,171
)
 
111,942

Other liabilities
 
1,505

 
8,653

 
19,168

 
41,098

 
—

 
70,424

Total liabilities
 
1,100,741

 
2,025,814

 
1,320,621

 
706,817

 
(3,825,319
)
 
1,328,674

Commitments and contingencies
 
—

 
—

 
—

 
—

 
—

 
—

Total shareholders' equity
 
394,309

 
1,388,598

 
383,301

 
683,506

 
(2,455,405
)
 
394,309

Total liabilities and shareholders' equity
 
$
1,495,050

 
$
3,414,412

 
$
1,703,922

 
$
1,390,323

 
$
(6,280,724
)
 
$
1,722,983