XML 51 R35.htm IDEA: XBRL DOCUMENT v3.3.0.814
Supplemental Consolidating Financial Information Condensed Statement of Income (Tables)
 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Condensed Income Statement [Abstract]    
Condensed Income Statement [Table Text Block]
Chiquita Brands International, Inc.
Condensed Consolidating Statement of (Operations) (Unaudited)
Quarter Ended September 30, 2014
(in thousands)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
CBII
 
CBLLC
 
Guarantor
 
Non-Guarantor
 
Consolidating
 
Company
 
 
(Co-issuer)
 
(Co-issuer)
 
Subsidiaries
 
Subsidiaries
 
Eliminations
 
Consolidated
Net sales
 
$
—

 
$
217,299

 
$
299,667

 
$
463,861

 
$
(242,276
)
 
$
738,551

Cost of sales
 
—

 
205,854

 
265,903

 
434,059

 
(242,280
)
 
663,536

Selling, general and administrative
 
9,788

 
4,193

 
20,378

 
19,299

 
—

 
53,658

Transaction Costs
 
8,235

 
—

 
—

 
—

 
—

 
8,235

Depreciation
 
—

 
1,219

 
6,212

 
4,892

 
—

 
12,323

Amortization
 
—

 
—

 
2,335

 
7

 
—

 
2,342

Equity in losses of investees
 
(6,134
)
 
(9,576
)
 
289

 
(105
)
 
15,421

 
(105
)
Operating income (loss)
 
(11,889
)
 
15,609

 
4,550

 
5,709

 
(15,417
)
 
(1,438
)
Interest income
 
—

 
—

 
(1
)
 
601

 
—

—

600

Interest expense
 
(5,549
)
 
(9,162
)
 
(724
)
 
(129
)
 
—

—

(15,564
)
Other income (expense), net
 
—

 
(313
)
 
602

 
(1,321
)
 
(4
)
 
(1,036
)
Income (loss) before income taxes
 
(17,438
)
 
6,134

 
4,427

 
4,860

 
(15,421
)
 
(17,438
)
Income tax expense
 
(518
)
 
792

 
(1,752
)
 
(634
)
 
1,594

—

(518
)
Net income (loss)
 
$
(17,956
)
 
$
6,926

 
$
2,675

 
$
4,226

 
$
(13,827
)
 
$
(17,956
)
Chiquita Brands International, Inc.
Condensed Consolidating Statement of Operations (Unaudited)
Quarter Ended September 30, 2015
(in thousands)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
CBII
 
CBLLC
 
Guarantor
 
Non-Guarantor
 
Consolidating
 
Company
 
 
(Co-issuer)
 
(Co-issuer)
 
Subsidiaries
 
Subsidiaries
 
Eliminations
 
Consolidated
Net sales
 
$
—

 
$
184,196

 
$
299,928

 
$
420,565

 
$
(229,989
)
 
$
674,700

Cost of sales
 
—

 
206,249

 
250,868

 
354,503

 
(229,959
)
 
581,661

Selling, general and administrative
 
(685
)
 
1,399

 
24,085

 
23,771

 
(71
)
 
48,499

Transaction costs
 
1,360

 
685

 
1,947

 
3,638

 
—

 
7,630

Depreciation
 
—

 
1,559

 
5,426

 
4,324

 
—

 
11,309

Amortization
 
—

 
—

 
2,317

 
21

 
—

 
2,338

Equity in losses (earnings) of investees and subsidiaries
 
(18,210
)
 
(48,456
)
 
146

 
95

 
66,520

 
95

Operating income (loss)
 
17,535

 
22,760

 
15,139

 
34,213

 
(66,479
)
 
23,168

Interest income
 
—

 
—

 
—

 
607

 
—

 
607

Interest expense
 
(2,276
)
 
(4,550
)
 
(694
)
 
(104
)
 
—

 
(7,624
)
Other income (expense), net
 
—

 
—

 
—

 
(895
)
 
—

 
(895
)
Intercompany interest and other
 
(3
)
 
—

 
84

 
(40
)
 
(41
)
 
—

Income (loss) before income taxes
 
15,256

 
18,210

 
14,529

 
33,781

 
(66,520
)
 
15,256

Income tax benefit (expense)
 
(5,087
)
 
(5,205
)
 
(5,629
)
 
(4,553
)
 
15,387

 
(5,087
)
Net income (loss)
 
$
10,169

 
$
13,005

 
$
8,900

 
$
29,228

 
$
(51,133
)
 
$
10,169

Chiquita Brands International, Inc.
Condensed Consolidating Statement of (Operations) (Unaudited)
Nine Months Ended September 30, 2015
(in thousands)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
CBII
 
CBLLC
 
Guarantor
 
Non-Guarantor
 
Consolidating
 
Company
 
 
(Co-issuer)
 
(Co-issuer)
 
Subsidiaries
 
Subsidiaries
 
Eliminations
 
Consolidated
Net sales
 
$
—

 
$
594,107

 
$
906,178

 
$
1,402,330

 
$
(725,937
)
 
$
2,176,678

Cost of sales
 
—

 
642,086

 
768,937

 
1,157,071

 
(725,582
)
 
1,842,512

Selling, general and administrative
 
3,872

 
14,025

 
54,052

 
67,605

 
(173
)
 
139,381

Transaction Costs
 
40,863

 
8,694

 
12,400

 
5,313

 
—

 
67,270

Depreciation
 
—

 
9,595

 
16,683

 
13,917

 
—

 
40,195

Amortization
 
—

 
—

 
6,988

 
34

 
—

 
7,022

Equity in losses of investees
 
(67,478
)
 
(202,844
)
 
250

 
(88
)
 
270,072

 
(88
)
Operating income (loss)
 
22,743

 
122,551

 
46,868

 
158,478

 
(270,254
)
 
80,386

Interest income
 
—

 
—

 
—

 
1,909

 
—

 
1,909

Interest expense
 
(8,577
)
 
(15,239
)
 
(2,043
)
 
(331
)
 
—

 
(26,190
)
Loss on debt extinguishment
 
(17,112
)
 
(19,100
)
 
—

 
—

 
—

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

 
—

 
—

 
(2,450
)
 
—

 
(2,450
)
Intercompany interest and other
 
20,389

 
(20,734
)
 
23

 
140

 
182

 
—

Income (loss) before income taxes
 
17,443

 
67,478

 
44,848

 
157,746

 
(270,072
)
 
17,443

Income tax expense
 
(12,312
)
 
(8,659
)
 
(17,698
)
 
(7,494
)
 
33,851

 
(12,312
)
Net income (loss)
 
$
5,131

 
$
58,819

 
$
27,150

 
$
150,252

 
$
(236,221
)
 
$
5,131