← Mission Produce, Inc.
| Annual Trend | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|
| Net income (loss) | $71.7m |
$28.8m
-59.83%
|
$44.9m
+55.90%
|
($34.9m)
-177.73%
|
($3.1m)
+91.12%
|
$41.8m
+1448.39%
|
$40.5m
-3.11%
|
— | |
| Depreciation and amortization | $16.5m | $18.1m | $20.4m | $24.8m | $32.8m | $37.7m | $34.6m | $34.8m | |
| Amortization of debt issuance costs | $200k | $300k | $300k | $300k | $200k | $200k | $200k | — | |
| Deferred income taxes | $600k | ($1.0m) | $8.8m | ($600k) | ($6.4m) | ($8.0m) | $1.9m | $1.9m | |
| Stock-based compensation | $0 | $5.0m | $2.6m | $3.6m | $4.5m | $7.1m | $8.8m | $7.7m | |
| Losses on asset impairment, disposals and sales, net of insurance recoveries | $0 | $500k | $100k | $400k | $1.3m | $3.9m | $3.9m | — | |
| Equity method income | ($3.4m) | ($4.0m) | ($7.5m) | ($5.1m) | ($4.0m) | ($3.7m) | ($5.4m) | — | |
| Dividends received from equity method investees | $1.4m | $1.7m | $1.7m | $2.2m | $2.7m | $3.2m | $4.4m | — | |
| Investment in equity method investees | ($1.9m) | ($3.4m) | ($200k) | ($400k) | ($2.1m) | ($1.6m) | $0 | — | |
| (Benefit) provision for losses on accounts receivable | $100k | $200k | $0 | $100k | $100k | $0 | ($100k) | — | |
| Trade accounts receivable | ($2.7m) | $10.3m | ($16.4m) | $10.6m | ($10.6m) | ($20.9m) | $14.6m | — | |
| Other receivables | $5.5m | ($3.8m) | $2.6m | ($2.4m) | $5.0m | ($3.2m) | $1.0m | — | |
| Inventory | ($12.3m) | $5.9m | ($11.2m) | ($15.3m) | $3.0m | ($19.3m) | $11.1m | ($3.5m) | |
| Accounts payable and accrued expenses | $5.2m | $8.2m | $8.9m | $9.4m | ($8.9m) | $25.4m | $12.3m | $21.4m | |
| Grower payables | $4.3m | ($8.6m) | $3.4m | $2.2m | $2.2m | $23.5m | ($26.8m) | — | |
| Other | $800k | $0 | $300k | ($100k) | ($100k) | $200k | ($600k) | — | |
| Prepaid expenses and other current assets | ($1.3m) | ($2.0m) | ($2.5m) | ($400k) | $2.0m | ($200k) | $800k | — | |
| Other assets | $200k | ($4.2m) | ($3.5m) | $200k | $1.0m | $1.6m | ($7.7m) | — | |
| Net cash provided by operating activities | $92.6m |
$78.9m
-14.79%
|
$47.0m
-40.43%
|
$35.2m
-25.11%
|
$29.2m
-17.05%
|
$93.4m
+219.86%
|
$88.6m
-5.14%
|
$80.6m
-9.03%
|
|
| Purchases of property, plant and equipment | ($29.7m) | ($67.3m) | ($73.4m) | ($61.2m) | ($49.8m) | ($32.2m) | ($51.4m) | — | |
| Proceeds from sale of property, plant and equipment | $100k | $3.0m | $2.4m | $3.0m | $200k | $100k | $100k | $200k | |
| Property, plant and equipment included in liabilities | $300k | $4.0m | $3.4m | $7.6m | $4.9m | $4.7m | $6.7m | — | |
| Advances for property, plant and equipment included in assets | $0 | $0 | $1.4m | $2.1m | $700k | $1.9m | $900k | — | |
| Finance leases of property, plant and equipment | $2.8m | $0 | $0 | $500k | $15.7m | $8.2m | $1.6m | — | |
| Net cash used in investing activities | ($30.7m) | ($67.7m) | ($70.3m) | ($51.4m) | ($54.1m) | ($33.5m) | ($51.9m) | ($46.8m) | |
| Borrowings on revolving credit facility | $45.0m | $14.0m | $0 | $80.0m | $145.0m | $40.0m | $55.0m | — | |
| Proceeds from short-term borrowings | — | $0 | $0 | $2.5m | $2.8m | $3.0m | $10.1m | — | |
| Repayment of short-term borrowings | — | — | $0 | $0 | ($2.5m) | ($2.8m) | ($10.7m) | — | |
| Principal payments on long-term debt obligations | ($14.2m) | ($6.3m) | ($10.5m) | ($63.3m) | ($3.5m) | ($3.4m) | ($3.0m) | — | |
| Repurchase and retirement of common stock | ($900k) | ($1.9m) | $0 | $0 | ($600k) | $0 | ($6.1m) | — | |
| Net cash (used in) provided by financing activities | ($26.8m) |
$50.1m
+286.94%
|
($11.5m)
-122.95%
|
($21.8m)
-89.57%
|
$14.3m
+165.60%
|
($43.8m)
-406.29%
|
($29.5m)
+32.65%
|
— | |
| Net increase (decrease) in cash, cash equivalents and restricted cash | $35.1m | $61.4m | ($34.8m) | ($38.3m) | ($10.7m) | $16.1m | $7.2m | — | |
| Cash, cash equivalents and restricted cash, beginning of period | $65.6m | $127.0m | $92.2m | $53.9m | $43.2m | $59.3m | $66.5m | — | |
| Restricted cash | $1.6m | $1.4m | $6.1m | $1.1m | $300k | $1.3m | $1.7m | — | |
| Effect of exchange rate changes on cash | $0 | $100k | $0 | ($300k) | ($100k) | $0 | $0 | $400k | |
| Additional Supplementary Disclosures | |||||||||
| Additional Supplementary Disclosures | |||||||||
| Noncash lease expense | $0 | $0 | $4.3m | $5.3m | $5.9m | $6.1m | $6.8m | — | |
| Gains on settlement of asset retirement obligations | — | — | — | — | $0 | $0 | ($800k) | — | |
| Unrealized losses (gains) on foreign currency transactions | — | — | $0 | $0 | $1.4m | ($1.7m) | $1.0m | — | |
| Unrealized loss on derivative financial instruments | $3.7m | $2.8m | ($800k) | ($4.7m) | ($100k) | $100k | $0 | — | |
| Grower fruit advances | ($2.7m) | $2.3m | $800k | ($1.2m) | $900k | ($800k) | ($1.0m) | — | |
| Income taxes receivable | ($400k) | ($400k) | ($3.8m) | ($1.1m) | ($1.6m) | $2.9m | ($1.9m) | — | |
| Income taxes payable | $2.9m | ($1.9m) | ($100k) | ($1.3m) | ($200k) | $5.1m | ($2.2m) | — | |
| Operating lease liabilities | $0 | $0 | ($3.2m) | ($4.0m) | ($3.8m) | ($5.3m) | ($6.2m) | — | |
| Other long-term liabilities | $3.1m | $2.1m | ($2.7m) | ($500k) | $4.8m | ($1.7m) | ($1.2m) | — | |
| Purchase of other investment | — | — | $0 | $0 | ($2.3m) | $0 | $0 | — | |
| Payments on revolving credit facility | ($51.0m) | ($14.0m) | $0 | ($40.0m) | ($130.0m) | ($75.0m) | ($70.0m) | — | |
| Principal payments on finance lease obligations | ($400k) | ($900k) | ($1.2m) | ($1.2m) | ($2.6m) | ($1.8m) | ($1.0m) | — | |
| Proceeds from loan from noncontrolling interest holder | — | — | $0 | $0 | $2.0m | $0 | $0 | — | |
| Principal payments on loans due to noncontrolling interest holder | — | — | — | $0 | $0 | ($500k) | $0 | — | |
| Payments to noncontrolling interest holder for long-term supply financing | — | — | — | $0 | $0 | ($2.0m) | ($1.3m) | — | |
| Payments for long-term supplier financing | $0 | ($5.8m) | $0 | $0 | ($100k) | ($500k) | ($1.3m) | — | |
| Taxes paid related to shares withheld from the settlement of equity awards | — | — | $0 | $0 | ($500k) | ($800k) | ($1.5m) | — | |
| Exercise of stock options | $0 | $0 | $200k | $100k | $100k | $0 | $300k | — | |
| Equity contributions from noncontrolling interest holders | — | $0 | $0 | $900k | $4.2m | $0 | $0 | — | |
| Cash and cash equivalents | $64.0m | $124.0m | $84.5m | $52.8m | $42.9m | $58.0m | $64.8m | $39.0m | |
| Interest | $10.5m | $6.3m | $4.3m | $5.7m | $11.5m | $12.2m | $9.1m | $9.1m | |
| Income taxes | $21.5m | $18.5m | $14.8m | $6.2m | $7.1m | $19.6m | $23.0m | — | |
| Purchases from noncontrolling interest holder made with payment terms greater than 90 days | — | — | — | $0 | $0 | $300k | $0 | — | |
| Purchases from suppliers with payment terms greater than 90 days | — | — | $0 | $0 | $1.4m | $0 | $1.7m | — |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.