Supplemental Consolidating Financial Information Condensed Balance Sheet (Tables)

9 Months Ended

Sep. 30, 2014

Condensed Balance Sheet [Table Text Block]



Chiquita Brands International, Inc.
Condensed Consolidating Balance Sheet (Unaudited)
September 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	$	—	$	10,682	$	—	$	34,410	$	—		$	45,092
Trade receivables, less allowances	—		54,729		54,525		139,363		—			248,617
Other receivables, net	—		2,066		5,412		61,267		(577		)	68,168
Inventories	—		10,702		30,246		167,983		—			208,931
Prepaid expenses	438		5,095		8,144		28,716		—			42,393
Due from affiliates	58,317		2,244,947		1,481,248		577,543		(4,362,055		)	—
Other current assets	—		21,672		12,520		—		(8,800		)	25,392
Total current assets	58,755		2,349,893		1,592,095		1,009,282		(4,371,432		)	638,593
Property, plant and equipment, net	—		16,808		195,940		187,612		—			400,360
Investments and other assets, net	21,795		11,769		4,196		75,116		(6,437		)	106,439
Trademarks	—		208,085		38,500		179,500		—			426,085
Goodwill	—		—		18,095		—		—			18,095
Other intangible assets, net	—		—		79,846		41		—			79,887
Investments in and accounts with subsidiaries	1,465,047		1,155,566		1,246		—		(2,621,859		)	—
Total assets	$	1,545,597	$	3,742,121	$	1,929,918	$	1,451,551	$	(6,999,728	)	$	1,669,459

LIABILITIES AND SHAREHOLDERS' EQUITY
Current liabilities:
Current portion of long-term debt and capital lease obligations	$	—	$	1,500	$	1,662	$	1,486	$	—		$	4,648
Accounts payable	8,533		5,558		92,875		141,764		—			248,730
Accrued liabilities	30,386		14,319		66,468		53,844		(9,377		)	155,640
Due to affiliates	936,986		1,761,741		1,286,745		376,583		(4,362,055		)	—
Total current liabilities	975,905		1,783,118		1,447,750		573,677		(4,371,432		)	409,018
Long-term debt and capital lease obligations, net of current portion	173,194		416,153		40,373		5,162		—			634,882
Accrued pension and other employee benefits	14,665		2,760		4		63,965		—			81,394
Deferred tax liabilities	244		66,987		46,524		—		(6,437		)	107,318
Other liabilities	3,506		8,056		9,619		37,583		—			58,764
Total liabilities	1,167,514		2,277,074		1,544,270		680,387		(4,377,869		)	1,291,376
Commitments and contingencies	—		—		—		—		—			—
Total shareholders' equity	378,083		1,465,047		385,648		771,164		(2,621,859		)	378,083
Total liabilities and shareholders' equity	$	1,545,597	$	3,742,121	$	1,929,918	$	1,451,551	$	(6,999,728	)	$	1,669,459



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)
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 and accounts with subsidiaries	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