Guarantor Financial Statements Condensed Consolidating Balance Sheet (Tables)

9 Months Ended

Sep. 30, 2013

Condensed Balance Sheet [Table Text Block]

Chiquita Brands International, Inc.
Condensed Consolidating Balance Sheet (Unaudited)
September 30, 2012
(in thousands)
	CBII		CBLLC		Guarantor		Non-Guarantor		Consolidating			Company
	(Co-Issuer)		(Co-issuer)		Subsidiaries		Subsidiaries		Eliminations			Consolidated
ASSETS
Current assets:
Cash and equivalents	$	—	$	11,337	$	—	$	25,531	$	—		$	36,868
Trade receivables, less allowances	—		50,198		65,918		188,920		—			305,036
Other receivables, net	—		1,136		6,957		59,241		—			67,334
Inventories	—		6,672		38,216		181,078		—			225,966
Prepaid expenses	787		1,620		10,402		33,118		—			45,927
Due from affiliates	195,264		1,640,085		976,746		438,826		(3,250,921		)	—
Other current assets	—		23,262		9,726		—		—			32,988
Total current assets	196,051		1,734,310		1,107,965		926,714		(3,250,921		)	714,119
Property, plant and equipment, net	—		25,080		191,740		168,993		—			385,813
Investments and other assets, net	23,909		74,231		5,168		66,806		(65,994		)	104,120
Trademarks	—		208,085		61,500		179,500		—			449,085
Goodwill	—		—		175,200		—		—			175,200
Other intangible assets, net	—		—		98,543		90		—			98,633
Investments in affiliates	1,534,172		1,161,452		2,046		—		(2,697,670		)	—
Total assets	$	1,754,132	$	3,203,158	$	1,642,162	$	1,342,103	$	(6,014,585	)	$	1,926,970
LIABILITIES AND SHAREHOLDERS' EQUITY
Current liabilities:
Current portion of long-term debt and capital lease obligations	$	—	$	40,625	$	173	$	105	$	—		$	40,903
Accounts payable	1,608		6,424		94,550		185,770		—			288,352
Accrued liabilities	10,709		17,809		51,383		44,206		—			124,107
Due to affiliates	741,897		1,246,090		875,909		387,025		(3,250,921		)	—
Total current liabilities	754,214		1,310,948		1,022,015		617,106		(3,250,921		)	453,362
Long-term debt and capital lease obligations, net of current portion	256,980		288,750		438		45		—			546,213
Accrued pension and other employee benefits	17,729		7,074		—		49,163		—			73,966
Deferred gain - sale of shipping fleet	—		—		—		23,083		—			23,083
Deferred tax liabilities	115		49,533		42,621		5,979		(65,994		)	32,254
Other liabilities	10,361		12,681		28,763		31,554		—			83,359
Total liabilities	1,039,399		1,668,986		1,093,837		726,930		(3,316,915		)	1,212,237
Commitments and contingencies	—		—		—		—		—			—
Total shareholders' equity	714,733		1,534,172		548,325		615,173		(2,697,670		)	714,733
Total liabilities and shareholders' equity	$	1,754,132	$	3,203,158	$	1,642,162	$	1,342,103	$	(6,014,585	)	$	1,926,970

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 affiliates	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

Chiquita Brands International, Inc.
Condensed Consolidating Balance Sheet
December 31, 2012
(in thousands)
	CBII		CBLLC		Guarantor		Non-Guarantor		Consolidating			Company
	(Co-Issuer)		(Co-issuer)		Subsidiaries		Subsidiaries		Eliminations			Consolidated
ASSETS
Current assets:
Cash and equivalents	$	2,601	$	12,704	$	—	$	35,721	$	—		$	51,026
Trade receivables, less allowances	—		43,847		56,551		184,753		—			285,151
Other receivables, net	359		1,275		6,033		57,442		—			65,109
Inventories	—		10,033		40,313		169,695		—			220,041
Prepaid expenses	628		3,922		8,982		27,282		—			40,814
Due from affiliates	93,502		1,683,425		1,011,067		368,329		(3,156,323		)	—
Other current assets	—		1,636		17,257		9,365		(9,923		)	18,335
Total current assets	97,090		1,756,842		1,140,203		852,587		(3,166,246		)	680,476
Property, plant and equipment, net	—		24,885		201,702		168,712		—			395,299
Investments and other assets, net	18,919		20,542		4,484		50,716		(13,133		)	81,528
Trademarks	—		208,085		38,500		179,500		—			426,085
Goodwill	—		—		18,095		—		—			18,095
Other intangible assets, net	—		—		96,195		84		—			96,279
Investments in affiliates	1,316,926		976,368		3,162		—		(2,296,456		)	—
Total assets	$	1,432,935	$	2,986,722	$	1,502,341	$	1,251,599	$	(5,475,835	)	$	1,697,762
LIABILITIES AND SHAREHOLDERS' EQUITY
Current liabilities:
Current portion of long-term debt	$	—	$	64,749	$	206	$	53	$	—		$	65,008
Accounts payable	1,809		9,620		80,466		182,729		—			274,624
Accrued liabilities	13,554		41,114		55,382		40,573		(9,923		)	140,700
Due to affiliates	762,957		1,178,596		906,288		308,482		(3,156,323		)	—
Total current liabilities	778,320		1,294,079		1,042,342		531,837		(3,166,246		)	480,332
Long-term debt, net of current portion	259,520		280,500		488		9		—			540,517
Accrued pension and other employee benefits	13,317		8,149		—		53,678		—			75,144
Deferred gain - sale of shipping fleet	—		—		—		20,204		—			20,204
Deferred tax liabilities	115		79,488		39,302		5,856		(13,133		)	111,628
Other liabilities	11,261		7,580		43,680		37,014		—			99,535
Total liabilities	1,062,533		1,669,796		1,125,812		648,598		(3,179,379		)	1,327,360
Commitments and contingencies	—		—		—		—		—			—
Total shareholders' equity	370,402		1,316,926		376,529		603,001		(2,296,456		)	370,402
Total liabilities and shareholders' equity	$	1,432,935	$	2,986,722	$	1,502,341	$	1,251,599	$	(5,475,835	)	$	1,697,762