Supplemental Consolidating Financial Information Condensed Statement of Income (Tables)

6 Months Ended

Jun. 30, 2014

Jun. 30, 2013

Condensed Income Statement [Table Text Block]

Chiquita Brands International, Inc.
Condensed Consolidating Statement of Operations (Unaudited)
Six Months Ended June 30, 2014
(in thousands)
	CBII			CBLLC			Guarantor			Non-Guarantor			Consolidating			Company
	(Co-issuer)			(Co-issuer)			Subsidiaries			Subsidiaries			Eliminations			Consolidated
Net sales	$	—		$	434,216		$	611,798		$	1,040,357		$	(498,534	)	$	1,587,837
Cost of sales	—			419,303			539,696			940,684			(498,124		)	1,401,559
Selling, general and administrative	23,700			8,511			43,816			41,531			—			117,558
Depreciation	—			2,370			13,018			11,200			—			26,588
Amortization	—			—			4,671			12			—			4,683
Equity in losses (earnings) of investees and subsidiaries	(37,368		)	(52,165		)	4,251			(332		)	85,282			(332		)
Restructuring and relocation costs	460			—			—			—			—			460
Operating income (loss)	13,208			56,197			6,346			47,262			(85,692		)	37,321
Interest income	—			2			34			1,269			—			1,305
Interest expense	(10,587		)	(18,406		)	(1,567		)	(207		)	—			(30,767		)
Loss on debt extinguishment	—			(521		)	—			—			—			(521		)
Other income (expense), net	581			96			(367		)	(4,856		)	410			(4,136		)
Income (loss) before income taxes	3,202			37,368			4,446			43,468			(85,282		)	3,202
Income tax expense	(9,969		)	(6,412		)	(1,760		)	(3,405		)	11,577			(9,969		)
Net income (loss)	$	(6,767	)	$	30,956		$	2,686		$	40,063		$	(73,705	)	$	(6,767	)

Chiquita Brands International, Inc.
Condensed Consolidating Statement of (Operations) (Unaudited)
Quarter Ended June 30, 2013
(in thousands)
	CBII			CBLLC			Guarantor			Non-Guarantor			Consolidating			Company
	(Co-issuer)			(Co-issuer)			Subsidiaries			Subsidiaries			Eliminations			Consolidated
Net sales	$	—		$	201,929		$	329,311		$	511,546		$	(230,615	)	$	812,171
Cost of sales	(96		)	186,841			292,378			444,836			(230,613		)	693,346
Selling, general and administrative	11,453			5,034			23,750			22,247			—			62,484
Depreciation	—			1,011			6,957			5,487			—			13,455
Amortization	—			—			2,335			6			—			2,341
Equity in losses (earnings) of investees and subsidiaries	(44,500		)	(45,195		)	5			(72		)	89,690			(72		)
Restructuring and relocation costs	—			82			(41		)	—			—			41
Operating income (loss)	33,143			54,156			3,927			39,042			(89,692		)	40,576
Interest income	—			6			48			721			—			775
Interest expense	(5,002		)	(9,663		)	(110		)	(3		)	—			(14,778		)
Loss on debt extinguishment	—			—			—			—			—			—
Other income (expense), net	—			1			64			1,502			1			1,568
Income (loss) before income taxes	28,141			44,500			3,929			41,262			(89,691		)	28,141
Income tax expense	2,959			(317		)	(1,562		)	1,309			570			2,959
Net income (loss)	$	31,100		$	44,183		$	2,367		$	42,571		$	(89,121	)	$	31,100

Chiquita Brands International, Inc.
Condensed Consolidating Statement of Operations (Unaudited)
Quarter Ended June 30, 2014
(in thousands)
	CBII			CBLLC			Guarantor			Non-Guarantor			Consolidating			Company
	(Co-issuer)			(Co-issuer)			Subsidiaries			Subsidiaries			Eliminations			Consolidated
Net sales	$	—		$	225,172		$	318,525		$	538,098		$	(255,948	)	$	825,847
Cost of sales	—			217,303			276,824			478,105			(255,925		)	716,307
Selling, general and administrative	10,333			4,724			21,644			21,007			—			57,708
Depreciation	—			1,094			6,819			5,176			—			13,089
Amortization	—			—			2,336			6			—			2,342
Equity in losses (earnings) of investees and subsidiaries	(37,463		)	(44,600		)	778			(332		)	81,285			(332		)
Restructuring and relocation costs	—			—			—			—			—			—
Operating income (loss)	27,130			46,651			10,124			34,136			(81,308		)	36,733
Interest income	—			—			1			640			—			641
Interest expense	(5,295		)	(9,175		)	(683		)	(146		)	—			(15,299		)
Loss on debt extinguishment	—			—			—			—			—			—
Other income (expense), net	(2		)	(13		)	84			(334		)	23			(242		)
Income (loss) before income taxes	21,833			37,463			9,526			34,296			(81,285		)	21,833
Income tax expense	(3,997		)	(6,069		)	(3,728		)	(2,491		)	12,288			(3,997		)
Net income (loss)	$	17,836		$	31,394		$	5,798		$	31,805		$	(68,997	)	$	17,836

Chiquita Brands International, Inc.
Condensed Consolidating Statement of Operations (Unaudited)
Six Months Ended June 30, 2013
(in thousands)
	CBII			CBLLC			Guarantor			Non-Guarantor			Consolidating			Company
	(Co-issuer)			(Co-issuer)			Subsidiaries			Subsidiaries			Eliminations			Consolidated
Net sales	$	—		$	386,971		$	637,037		$	1,023,539		$	(461,124	)	$	1,586,423
Cost of sales	—			366,654			563,149			903,799			(461,105		)	1,372,497
Selling, general and administrative	19,405			8,741			43,428			44,687			—			116,261
Depreciation	—			2,459			13,656			10,967			—			27,082
Amortization	—			—			4,671			12			—			4,683
Equity in losses (earnings) of investees and subsidiaries	(64,312		)	(78,914		)	(27		)	(72		)	143,253			(72		)
Restructuring and relocation costs	—			153			108			(3		)	—			258
Operating income (loss)	44,907			87,878			12,052			64,149			(143,272		)	65,714
Interest income	—			11			102			1,394			—			1,507
Interest expense	(11,374		)	(17,820		)	(125		)	(23		)	—			(29,342		)
Loss on debt extinguishment	(843		)	(5,432		)	—			—			—			(6,275		)
Other income (expense), net	1,037			(325		)	165			1,227			19			2,123
Income (loss) before income taxes	33,727			64,312			12,194			66,747			(143,253		)	33,727
Income tax expense	(250		)	606			(4,836		)	658			3,572			(250		)
Net income (loss)	$	33,477		$	64,918		$	7,358		$	67,405		$	(139,681	)	$	33,477