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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
6 Months Ended
Apr. 30, 2021
Apr. 30, 2020
Operating activities    
Net income (loss) $ (2,403) $ (12,210)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Depreciation and amortization 5,053 4,998
(Gain) or loss on disposals of assets (16) 264
Stock compensation expense 1,637 1,187
Non-cash lease expense 237 228
Equity in (earnings) losses of investments, net (1,009) 491
Deferred income taxes (213) (6,641)
Loss on stock in Calavo Growers, Inc. 0 6,299
Other, net 274 (12)
Changes in operating assets and liabilities:    
Accounts receivable and receivables/other from related parties (6,733) (2,953)
Cultural costs 2,724 3,001
Prepaid expenses and other current assets (1,158) (4,620)
Income taxes receivable 4,966 0
Other assets 0 80
Accounts payable and growers payable 2,738 (3,841)
Accrued liabilities and payables to related parties (1,197) (2,360)
Other long-term liabilities (257) 291
Net cash provided by (used in) operating activities 4,643 (15,798)
Investing activities    
Capital expenditures (5,409) (5,415)
Net proceeds from sales of property assets 83 0
Net proceeds from sale of stock in Calavo Growers, Inc. 0 11,048
Loan to Limoneira Lewis Community Builders, LLC 0 (1,800)
Collection on note receivable 25 0
Equity investment contributions 0 (2,800)
Investments in mutual water companies and water rights (200) (51)
Insurance proceeds received 0 250
Net cash (used in) provided by investing activities (5,501) 1,232
Financing activities    
Borrowings of long-term debt 48,185 71,275
Repayments of long-term debt (42,675) (52,771)
Dividends paid – common (2,651) (2,679)
Dividends paid – preferred (251) (250)
Exchange of common stock (700) (213)
Net cash provided by financing activities 1,908 15,362
Effect of exchange rate changes on cash 39 (148)
Net increase in cash 1,089 648
Cash at beginning of period 501 616
Cash at end of period 1,590 1,264
Supplemental disclosures of cash flow information    
Cash paid during the period for interest, net of amounts capitalized 780 981
Cash (received) paid during the period for income taxes, net (4,997) 0
Non-cash investing and financing activities:    
Capital expenditures accrued but not paid at period-end 150 1,734
Accrued contribution obligation of investment in water company $ 450 $ 450