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Consolidated Statements of Financial Position - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Current assets    
Cash and cash equivalents $ 16,676 $ 53,417
Restricted cash 5,000 5,250
Trade receivables 27,558 34,360
Inventories 70,582 68,677
Other receivables 309 616
Income tax receivable 6,900 2,430
Prepaid expenses and deposits 5,959 10,209
Total current assets 132,984 174,959
Non-current assets    
Property, plant and equipment 207,701 215,704
Investments 2,109 2,109
Note receivable - joint venture   3,256
Goodwill 66,225 117,533
Intangibles 37,157 26,394
Deferred tax asset 4,201 16,766
Right-of-use assets 9,132 7,609
Other assets 5,776 2,581
Total assets 465,285 566,911
Current liabilities    
Line of credit 7,529 7,760
Trade payables 24,894 22,597
Current maturities of long-term debt 9,646 11,416
Accrued sales taxes 11,594 3,899
Accrued loyalty program 2,060 2,098
Accrued liabilities 13,064 14,168
Lease liabilities - current 1,970 962
Other current liabilities 1,458 1,413
Total current liabilities 72,215 64,313
Non-current liabilities    
Long-term debt 43,821 50,419
Deferred tax liability 19,756 18,657
Lease liabilities - non-current 7,785 6,711
Other liabilities 1,714 1,973
Total liabilities 145,291 142,073
Commitments and contingencies (note 14)
MEZZANINE EQUITY    
Redeemable non-controlling interests 16,164 16,433
SHAREHOLDERS’ EQUITY    
Common stock, no par value per share - unlimited shares authorized; 91,788,929 shares issued and outstanding at December 31, 2022 and 88,233,929 shares issued and outstanding at December 31, 2021. 372,429 365,561
Additional paid in capital 13,372 9,369
Accumulated other comprehensive (loss) income (8,371) 6,696
Retained earnings (74,367) 26,779
Total Village Farms International, Inc. shareholders' equity 303,063 408,405
Non-controlling interest 767  
Total shareholders' equity 303,830 408,405
Total liabilities, mezzanine equity and shareholders’ equity $ 465,285 $ 566,911