XML 49 R3.htm IDEA: XBRL DOCUMENT v3.22.4
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Oct. 31, 2022
Oct. 31, 2021
Current Assets:    
Cash and cash equivalents $ 52.8 $ 84.5
Restricted cash 1.1 6.1
Trade, net of allowances of $0.3 and $0.2, respectively 62.9 73.8
Grower and fruit advances 1.8 0.6
Other 17.3 12.3
Inventory 73.1 48.2
Prepaid expenses and other current assets 11.1 11.6
Loans to equity method investees 0.0 3.3
Income taxes receivable 8.0 6.7
Total current assets 228.1 247.1
Property, plant and equipment, net 489.7 424.2
Operating lease right-of-use assets 65.4 43.9
Equity method investees 27.1 52.7
Loans to equity method investees 0.0 1.8
Deferred income tax assets, net 8.1 7.6
Goodwill 39.4 76.4
Intangible asset, net 2.0 0.0
Other assets 19.7 19.8
Total assets 879.5 873.5
Liabilities    
Accounts payable 34.4 22.8
Accrued expenses 30.1 28.8
Income taxes payable 1.0 1.9
Grower payables 24.3 22.2
Short-term borrowings 2.5 0.0
Long-term debt—current portion 3.5 8.8
Operating leases—current portion 4.7 3.6
Finance leases—current portion 1.2 1.1
Total current liabilities 101.7 89.2
Long-term debt, net of current portion 136.9 155.1
Operating leases, net of current portion 63.9 42.5
Finance leases, net of current portion 1.4 2.2
Income taxes payable 3.1 3.5
Deferred income tax liabilities, net 29.4 26.8
Other long-term liabilities 20.2 20.0
Total liabilities 356.6 339.3
Commitments and contingencies (Note 9)
Shareholders’ Equity    
Common stock ($0.001 par value, 1,000,000,000 shares authorized; 70,669,535 and 70,631,525 shares issued and outstanding as of October 31, 2022 and 2021, respectively) 0.1 0.1
Additional paid-in capital 229.3 225.6
Accumulated other comprehensive loss (1.7) (0.5)
Retained earnings 274.4 309.0
Mission Produce shareholders' equity 502.1 534.2
Noncontrolling interest 20.8 0.0
Total equity 522.9 534.2
Total liabilities and equity $ 879.5 $ 873.5