XML 94 R38.htm IDEA: XBRL DOCUMENT v2.4.1.9
Supplemental Consolidating Financial Information Condensed Statement of Income (Tables)
 3 Months Ended
Mar. 31, 2015
Mar. 31, 2014
Condensed Income Statement [Table Text Block]


Chiquita Brands International, Inc.
Condensed Consolidating Statement of (Operations) (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
 
7,908

 
3,787

 
22,172

 
20,524

 
—

 
54,391

Transaction Costs
 
5,919

 
—

 
—

 
—

 
—

 
5,919

Depreciation
 
—

 
1,276

 
6,199

 
6,024

 
—

 
13,499

Amortization
 
—

 
—

 
2,335

 
6

 
—

 
2,341

Equity in losses of investees
 
95

 
(7,565
)
 
3,473

 
—

 
3,997

 
—

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 Operations (Unaudited)
Quarter Ended March 31, 2015
(in thousands)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
CBII
 
CBLLC
 
Guarantor
 
Non-Guarantor
 
Consolidating
 
Company
 
 
(Co-issuer)
 
(Co-issuer)
 
Subsidiaries
 
Subsidiaries
 
Eliminations
 
Consolidated
Net sales
 
$
—

 
$
200,352

 
$
295,017

 
$
472,777

 
$
(242,815
)
 
$
725,331

Cost of sales
 
—

 
211,948

 
254,039

 
399,219

 
(242,602
)
 
622,604

Selling, general and administrative
 
3,007

 
5,303

 
17,385

 
23,706

 
—

 
49,401

Transaction costs
 
38,044

 
4,096

 
4,620

 
1,219

 
—

 
47,979

Depreciation
 
—

 
5,324

 
5,679

 
4,932

 
—

 
15,935

Amortization
 
—

 
—

 
2,335

 
7

 
—

 
2,342

Equity in losses (earnings) of investees and subsidiaries
 
(3,488
)
 
(53,968
)
 
(1
)
 
—

 
57,457

 
—

Operating income (loss)
 
(37,563
)
 
27,649

 
10,960

 
43,694

 
(57,670
)
 
(12,930
)
Interest income
 
—

 
—

 
—

 
664

 
—

 
664

Interest expense
 
(3,982
)
 
(4,404
)
 
(676
)
 
(123
)
 
—

 
(9,185
)
Loss on debt extinguishment
 
(17,112
)
 
(19,100
)
 
—

 
—

 
—

 
(36,212
)
Other income (expense), net
 
—

 
—

 
—

 
(602
)
 
—

 
(602
)
Intercompany interest and other
 
392

 
(657
)
 
(116
)
 
168

 
213

 
—

Income (loss) before income taxes
 
(58,265
)
 
3,488

 
10,168

 
43,801

 
(57,457
)
 
(58,265
)
Income tax expense
 
(6,361
)
 
(67
)
 
(4,424
)
 
(712
)
 
5,203

 
(6,361
)
Net income (loss)
 
$
(64,626
)
 
$
3,421

 
$
5,744

 
$
43,089

 
$
(52,254
)
 
$
(64,626
)