Supplemental Consolidating Financial Information Condensed Balance Sheet (Tables)

3 Months Ended

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2013

Condensed Balance Sheet [Table Text Block]



Chiquita Brands International, Inc.
Condensed Consolidating Balance Sheet (Unaudited)
March 31, 2014
(in thousands)
	CBII		CBLLC		Guarantor		Non-Guarantor		Consolidating			Company
	(Co-Issuer)		(Co-issuer)		Subsidiaries		Subsidiaries		Eliminations			Consolidated
ASSETS
Current assets:
Cash and equivalents	$	—	$	880	$	—	$	25,944	$	—		$	26,824
Trade receivables, less allowances	—		57,161		59,016		161,990		—			278,167
Other receivables, net	—		1,277		6,331		52,706		(1,018		)	59,296
Inventories	—		10,484		35,675		166,235		—			212,394
Prepaid expenses	1,276		1,167		9,781		33,870		—			46,094
Due from affiliates	53,086		2,103,203		1,342,820		525,705		(4,024,814		)	—
Other current assets	—		2,827		13,109		—		(9,214		)	6,722
Total current assets	54,362		2,176,999		1,466,732		966,450		(4,035,046		)	629,497
Property, plant and equipment, net	—		19,075		201,307		178,338		—			398,720
Investments and other assets, net	22,629		13,068		4,523		75,499		(6,351		)	109,368
Trademarks	—		208,085		38,500		179,500		—			426,085
Goodwill	—		—		18,095		—		—			18,095
Other intangible assets, net	—		—		84,517		54		—			84,571
Investments in and accounts with subsidiaries	1,402,092		1,085,194		2,313		—		(2,489,599		)	—
Total assets	$	1,479,083	$	3,502,421	$	1,815,987	$	1,399,841	$	(6,530,996	)	$	1,666,336

LIABILITIES AND SHAREHOLDERS' EQUITY
Current liabilities:
Current portion of long-term debt and capital lease obligations	$	—	$	1,500	$	1,181	$	1,488	$	—		$	4,169
Accounts payable	6,358		6,804		107,108		156,287		—			276,557
Accrued liabilities	30,737		19,660		56,917		54,400		(10,232		)	151,482
Due to affiliates	906,543		1,573,846		1,178,026		366,399		(4,024,814		)	—
Total current liabilities	943,638		1,601,810		1,343,232		578,574		(4,035,046		)	432,208
Long-term debt and capital lease obligations, net of current portion	167,006		421,749		41,159		5,190		—			635,104
Accrued pension and other employee benefits	14,724		2,663		—		61,115		—			78,502
Deferred gain - sale of shipping fleet	—		—		—		2,757		—			2,757
Deferred tax liabilities	235		66,150		45,943		—		(6,351		)	105,977
Other liabilities	1,983		7,957		8,831		41,520		—			60,291
Total liabilities	1,127,586		2,100,329		1,439,165		689,156		(4,041,397		)	1,314,839
Commitments and contingencies	—		—		—		—		—			—
Total shareholders' equity	351,497		1,402,092		376,822		710,685		(2,489,599		)	351,497
Total liabilities and shareholders' equity	$	1,479,083	$	3,502,421	$	1,815,987	$	1,399,841	$	(6,530,996	)	$	1,666,336



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)
March 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	$	—	$	12,372	$	—	$	39,276	$	—		$	51,648
Trade receivables, less allowances	—		48,974		68,322		190,449		—			307,745
Other receivables, net	—		575		5,711		59,252		—			65,538
Inventories	—		8,518		40,250		167,344		—			216,112
Prepaid expenses	1,602		828		10,681		34,187		—			47,298
Due from affiliates	72,704		1,729,018		1,066,307		443,771		(3,311,800		)	—
Other current assets	—		3,103		17,118		9,489		(9,843		)	19,867
Total current assets	74,306		1,803,388		1,208,389		943,768		(3,321,643		)	708,208
Property, plant and equipment, net	—		23,008		207,678		166,165		—			396,851
Investments and other assets, net	28,091		17,377		3,320		56,373		(13,260		)	91,901
Trademarks	—		208,085		38,500		179,500		—			426,085
Goodwill	—		—		18,095		—		—			18,095
Other intangible assets, net	—		—		93,859		78		—			93,937
Investments in and accounts with subsidiaries	1,352,508		1,019,691		3,194		—		(2,375,393		)	—
Total assets	$	1,454,905	$	3,071,549	$	1,573,035	$	1,345,884	$	(5,710,296	)	$	1,735,077

LIABILITIES AND SHAREHOLDERS' EQUITY
Current liabilities:
Current portion of long-term debt and capital lease obligations	$	—	$	1,500	$	210	$	45	$	—		$	1,755
Accounts payable	1,958		7,634		97,108		185,177		—			291,877
Accrued liabilities	21,685		18,508		53,087		42,524		(9,843		)	125,961
Due to affiliates	860,269		1,140,795		953,629		357,107		(3,311,800		)	—
Total current liabilities	883,912		1,168,437		1,104,034		584,853		(3,321,643		)	419,593
Long-term debt and capital lease obligations, net of current portion	155,701		455,542		435		—		—			611,678
Accrued pension and other employee benefits	13,336		7,220		10		56,830		—			77,396
Deferred gain - sale of shipping fleet	—		—		—		16,889		—			16,889
Deferred tax liabilities	115		80,868		39,687		5,256		(13,260		)	112,666
Other liabilities	13,681		6,974		47,087		40,953		—			108,695
Total liabilities	1,066,745		1,719,041		1,191,253		704,781		(3,334,903		)	1,346,917
Commitments and contingencies	—		—		—		—		—			—
Total shareholders' equity	388,160		1,352,508		381,782		641,103		(2,375,393		)	388,160
Total liabilities and shareholders' equity	$	1,454,905	$	3,071,549	$	1,573,035	$	1,345,884	$	(5,710,296	)	$	1,735,077