XML 14 R4.htm IDEA: XBRL DOCUMENT v3.19.2
CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 28, 2019
Jun. 29, 2018
Jun. 28, 2019
Jun. 29, 2018
Income Statement [Abstract]        
Net sales $ 1,239.4 $ 1,272.4 $ 2,393.6 $ 2,378.5
Cost of products sold 1,143.1 1,194.1 2,204.0 2,193.7
Gross profit 96.3 78.3 189.6 184.8
Selling, general and administrative expenses 44.0 49.9 96.5 98.5
Gain on disposal of property, plant and equipment, net 5.7 5.7 9.2 5.9
Asset impairment and other charges, net 0.8 20.3 3.8 21.9
Operating income 57.2 13.8 98.5 70.3
Interest expense 6.9 6.1 13.8 9.8
Interest income 0.1 0.4 0.2 0.5
Other (expense) income, net (2.9) (7.3) 8.4 (10.7)
Income before income taxes 47.5 0.8 93.3 50.3
Provision for income taxes 8.5 6.4 17.1 12.7
Net income (loss) 39.0 (5.6) 76.2 37.6
Less: Net income attributable to redeemable and noncontrolling interests 0.9 2.3 2.0 4.0
Net income (loss) attributable to Fresh Del Monte Produce Inc. $ 38.1 $ (7.9) $ 74.2 $ 33.6
Net income (loss) per ordinary share attributable to Fresh Del Monte Produce Inc. - Basic (usd per share) $ 0.79 $ (0.16) $ 1.53 $ 0.69
Net income (loss) per ordinary share attributable to Fresh Del Monte Produce Inc. - Diluted (usd per share) 0.78 (0.16) 1.53 0.69
Dividends declared per ordinary share (usd per share) $ 0 $ 0.15 $ 0 $ 0.30
Weighted average number of ordinary shares:        
Basic (shares) 48,533,444 48,753,227 48,540,571 48,767,411
Diluted (shares) 48,582,135 48,753,227 48,624,956 49,012,397