Supplemental Consolidating Financial Information Condensed Balance Sheet (Tables)

6 Months Ended

Jun. 30, 2014

Jun. 30, 2013

Condensed Balance Sheet [Table Text Block]



Chiquita Brands International, Inc.
Condensed Consolidating Balance Sheet (Unaudited)
June 30, 2014
(in thousands)
	CBII		CBLLC		Guarantor		Non-Guarantor		Consolidating			Company
	(Co-Issuer)		(Co-issuer)		Subsidiaries		Subsidiaries		Eliminations			Consolidated
ASSETS
Current assets:
Cash and equivalents	$	—	$	22,189	$	—	$	32,324	$	—		$	54,513
Trade receivables, less allowances	—		56,360		60,229		155,306		—			271,895
Other receivables, net	—		999		4,452		55,961		(837		)	60,575
Inventories	—		10,831		34,668		165,812		—			211,311
Prepaid expenses	954		1,631		9,137		27,417		—			39,139
Due from affiliates	57,210		2,168,269		1,394,702		558,114		(4,178,295		)	—
Other current assets	—		3,587		12,823		—		(9,014		)	7,396
Total current assets	58,164		2,263,866		1,516,011		994,934		(4,188,146		)	644,829
Property, plant and equipment, net	—		17,733		197,730		184,399		—			399,862
Investments and other assets, net	21,309		12,555		4,466		77,814		(6,397		)	109,747
Trademarks	—		208,085		38,500		179,500		—			426,085
Goodwill	—		—		18,095		—		—			18,095
Other intangible assets, net	—		—		82,182		47		—			82,229
Investments in and accounts with subsidiaries	1,439,143		1,129,504		1,535		—		(2,570,182		)	—
Total assets	$	1,518,616	$	3,631,743	$	1,858,519	$	1,436,694	$	(6,764,725	)	$	1,680,847

LIABILITIES AND SHAREHOLDERS' EQUITY
Current liabilities:
Current portion of long-term debt and capital lease obligations	$	—	$	1,500	$	1,622	$	1,488	$	—		$	4,610
Accounts payable	3,143		4,937		89,973		153,526		—			251,579
Accrued liabilities	33,224		23,735		62,527		59,626		(9,851		)	169,261
Due to affiliates	919,544		1,668,253		1,225,080		365,418		(4,178,295		)	—
Total current liabilities	955,911		1,698,425		1,379,202		580,058		(4,188,146		)	425,450
Long-term debt and capital lease obligations, net of current portion	170,053		416,450		40,812		5,177		—			632,492
Accrued pension and other employee benefits	14,592		2,882		—		62,800		—			80,274
Deferred gain - sale of shipping fleet	—		—		—		—		—			—
Deferred tax liabilities	235		66,653		46,293		—		(6,397		)	106,784
Other liabilities	1,571		8,190		9,427		40,405		—			59,593
Total liabilities	1,142,362		2,192,600		1,475,734		688,440		(4,194,543		)	1,304,593
Commitments and contingencies	—		—		—		—		—			—
Total shareholders' equity	376,254		1,439,143		382,785		748,254		(2,570,182		)	376,254
Total liabilities and shareholders' equity	$	1,518,616	$	3,631,743	$	1,858,519	$	1,436,694	$	(6,764,725	)	$	1,680,847



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)
June 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	$	—	$	11,245	$	—	$	55,723	$	—		$	66,968
Trade receivables, less allowances	—		50,087		69,789		182,849		—			302,725
Other receivables, net	—		1,254		5,407		61,825		—			68,486
Inventories	—		8,738		39,240		170,457		—			218,435
Prepaid expenses	1,100		997		8,891		30,478		—			41,466
Due from affiliates	91,171		1,915,143		1,140,707		421,108		(3,568,129		)	—
Other current assets	—		1,488		17,024		10,114		(9,789		)	18,837
Total current assets	92,271		1,988,952		1,281,058		932,554		(3,577,918		)	716,917
Property, plant and equipment, net	—		22,659		209,802		161,379		—			393,840
Investments and other assets, net	13,939		27,245		3,365		56,570		(12,946		)	88,173
Trademarks	—		208,085		38,500		179,500		—			426,085
Goodwill	—		—		18,095		—		—			18,095
Other intangible assets, net	—		—		91,525		71		—			91,596
Investments in and accounts with subsidiaries	1,390,962		1,058,544		3,189		—		(2,452,695		)	—
Total assets	$	1,497,172	$	3,305,485	$	1,645,534	$	1,330,074	$	(6,043,559	)	$	1,734,706

LIABILITIES AND SHAREHOLDERS' EQUITY
Current liabilities:
Current portion of long-term debt and capital lease obligations	$	—	$	1,500	$	1,549	$	29	$	—		$	3,078
Accounts payable	1,408		6,590		92,368		173,418		—			273,784
Accrued liabilities	27,997		36,231		60,183		38,549		(9,789		)	153,171
Due to affiliates	878,915		1,346,777		1,020,063		322,374		(3,568,129		)	—
Total current liabilities	908,320		1,391,098		1,174,163		534,370		(3,577,918		)	430,033
Long-term debt and capital lease obligations, net of current portion	158,400		427,775		12,550		—		—			598,725
Accrued pension and other employee benefits	13,355		7,842		—		58,512		—			79,709
Deferred gain - sale of shipping fleet	—		—		—		13,356		—			13,356
Deferred tax liabilities	115		78,422		38,739		5,792		(12,946		)	110,122
Other liabilities	2,268		9,386		35,717		40,676		—			88,047
Total liabilities	1,082,458		1,914,523		1,261,169		652,706		(3,590,864		)	1,319,992
Commitments and contingencies	—		—		—		—		—			—
Total shareholders' equity	414,714		1,390,962		384,365		677,368		(2,452,695		)	414,714
Total liabilities and shareholders' equity	$	1,497,172	$	3,305,485	$	1,645,534	$	1,330,074	$	(6,043,559	)	$	1,734,706