XML 98 R38.htm IDEA: XBRL DOCUMENT v2.4.0.8
Supplemental Consolidating Financial Information Condensed Statement of Income (Tables)
 3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Condensed Income Statement [Table Text Block]
Chiquita Brands International, Inc.
Condensed Consolidating Statement of Income (Unaudited)
Quarter Ended March 31, 2014
(in thousands)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
CBII
 
CBLLC
 
Guarantor
 
Non-Guarantor
 
Consolidating
 
Company
 
 
(Co-issuer)
 
(Co-issuer)
 
Subsidiaries
 
Subsidiaries
 
Eliminations
 
Consolidated
Net sales
 
$
—

 
$
209,044

 
$
293,273

 
$
502,259

 
$
(242,586
)
 
$
761,990

Cost of sales
 
—

 
202,000

 
262,872

 
462,579

 
(242,199
)
 
685,252

Selling, general and administrative
 
13,367

 
3,787

 
22,172

 
20,524

 
—

 
59,850

Depreciation
 
—

 
1,276

 
6,199

 
6,024

 
—

 
13,499

Amortization
 
—

 
—

 
2,335

 
6

 
—

 
2,341

Equity in losses (earnings) of investees and subsidiaries
 
95

 
(7,565
)
 
3,473

 
—

 
3,997

 
—

Restructuring and relocation costs
 
460

 
—

 
—

 
—

 
—

 
460

Operating income (loss)
 
(13,922
)
 
9,546

 
(3,778
)
 
13,126

 
(4,384
)
 
588

Interest income
 
—

 
2

 
33

 
629

 
—

 
664

Interest expense
 
(5,292
)
 
(9,231
)
 
(884
)
 
(61
)
 
—

 
(15,468
)
Loss on debt extinguishment
 
—

 
(521
)
 
—

 
—

 
—

 
(521
)
Other income (expense), net
 
583

 
109

 
(451
)
 
(4,522
)
 
387

 
(3,894
)
Income (loss) before income taxes
 
(18,631
)
 
(95
)
 
(5,080
)
 
9,172

 
(3,997
)
 
(18,631
)
Income tax expense
 
(5,972
)
 
(343
)
 
1,968

 
(914
)
 
(711
)
 
(5,972
)
Net income (loss)
 
$
(24,603
)
 
$
(438
)
 
$
(3,112
)
 
$
8,258

 
$
(4,708
)
 
$
(24,603
)
Chiquita Brands International, Inc.
Condensed Consolidating Statement of Income (Unaudited)
Quarter Ended March 31, 2013
(in thousands)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
CBII
 
CBLLC
 
Guarantor
 
Non-Guarantor
 
Consolidating
 
Company
 
 
(Co-issuer)
 
(Co-issuer)
 
Subsidiaries
 
Subsidiaries
 
Eliminations
 
Consolidated
Net sales
 
$
—

 
$
185,042

 
$
307,726

 
$
511,993

 
$
(230,509
)
 
$
774,252

Cost of sales
 
96

 
179,813

 
270,771

 
458,963

 
(230,492
)
 
679,151

Selling, general and administrative
 
7,952

 
3,707

 
19,678

 
22,440

 
—

 
53,777

Depreciation
 
—

 
1,448

 
6,699

 
5,480

 
—

 
13,627

Amortization
 
—

 
—

 
2,336

 
6

 
—

 
2,342

Equity in losses (earnings) of investees and subsidiaries
 
(19,812
)
 
(33,719
)
 
(32
)
 
—

 
53,563

 
—

Restructuring and relocation costs
 
—

 
71

 
149

 
(3
)
 
—

 
217

Operating income (loss)
 
11,764

 
33,722

 
8,125

 
25,107

 
(53,580
)
 
25,138

Interest income
 
—

 
5

 
54

 
673

 
—

 
732

Interest expense
 
(6,372
)
 
(8,157
)
 
(15
)
 
(20
)
 
—

 
(14,564
)
Loss on debt extinguishment
 
(843
)
 
(5,432
)
 
—

 
—

 
—

 
(6,275
)
Other income (expense), net
 
1,037

 
(326
)
 
101

 
(275
)
 
18

 
555

Income (loss) before income taxes
 
5,586

 
19,812

 
8,265

 
25,485

 
(53,562
)
 
5,586

Income tax expense
 
(3,209
)
 
923

 
(3,274
)
 
(651
)
 
3,002

 
(3,209
)
Net income (loss)
 
$
2,377

 
$
20,735

 
$
4,991

 
$
24,834

 
$
(50,560
)
 
$
2,377