2023 Q4 Form 10-K Financial Statement

#000180297423000037 Filed on December 21, 2023

View on sec.gov

Income Statement

Concept 2023 Q4 2023 2022
Revenue $257.9M $953.9M $1.046B
YoY Change 8.36% -8.8% 17.29%
Cost Of Revenue $230.1M $870.6M $956.1M
YoY Change 9.0% -8.94% 24.62%
Gross Profit $27.80M $83.30M $89.80M
YoY Change 3.35% -7.24% -27.87%
Gross Profit Margin 10.78% 8.73% 8.59%
Selling, General & Admin $20.60M $76.40M $77.50M
YoY Change 5.64% -1.42% 21.86%
% of Gross Profit 74.1% 91.72% 86.3%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $10.00M $32.80M $24.80M
YoY Change 31.58% 32.26% 21.57%
% of Gross Profit 35.97% 39.38% 27.62%
Operating Expenses $20.60M $76.40M $77.50M
YoY Change 5.64% -1.42% 21.86%
Operating Profit $7.200M $6.900M -$37.20M
YoY Change -2.7% -118.55% -161.08%
Interest Expense -$1.500M $11.60M $5.500M
YoY Change -475.0% 110.91% 48.65%
% of Operating Profit -20.83% 168.12%
Other Income/Expense, Net $100.0K -$200.0K $4.400M
YoY Change -200.0% -104.55% 238.46%
Pretax Income $5.800M -$900.0K -$31.20M
YoY Change -113.88% -97.12% -147.27%
Income Tax -$200.0K $2.200M $3.700M
% Of Pretax Income -3.45%
Net Earnings $4.000M -$2.800M -$34.60M
YoY Change -109.52% -91.91% -177.06%
Net Earnings / Revenue 1.55% -0.29% -3.31%
Basic Earnings Per Share -$0.04 -$0.49
Diluted Earnings Per Share $0.06 -$0.04 -$0.49
COMMON SHARES
Basic Shares Outstanding 70.73M shares 70.75M shares 70.65M shares
Diluted Shares Outstanding 70.75M shares 70.65M shares

Balance Sheet

Concept 2023 Q4 2023 2022
SHORT-TERM ASSETS
Cash & Short-Term Investments $42.90M $42.90M $52.80M
YoY Change -18.75% -18.75% -37.51%
Cash & Equivalents $42.90M $42.90M $52.80M
Short-Term Investments
Other Short-Term Assets $9.400M $9.400M $12.20M
YoY Change -22.95% -22.95% -31.07%
Inventory $70.80M $70.80M $73.10M
Prepaid Expenses
Receivables $74.10M $74.10M $62.90M
Other Receivables $12.40M $22.90M $27.10M
Total Short-Term Assets $220.1M $220.1M $228.1M
YoY Change -3.51% -3.51% -7.69%
LONG-TERM ASSETS
Property, Plant & Equipment $523.2M $595.6M $555.1M
YoY Change 6.84% 7.3% 18.59%
Goodwill $39.40M
YoY Change 0.0%
Intangibles
YoY Change
Long-Term Investments $31.00M $31.00M $27.10M
YoY Change 14.39% 14.39% -48.58%
Other Assets $19.70M $28.20M $27.80M
YoY Change 0.0% 1.44% 1.46%
Total Long-Term Assets $694.7M $694.7M $651.4M
YoY Change 6.65% 6.65% 3.99%
TOTAL ASSETS
Total Short-Term Assets $220.1M $220.1M $228.1M
Total Long-Term Assets $694.7M $694.7M $651.4M
Total Assets $914.8M $914.8M $879.5M
YoY Change 4.01% 4.01% 0.69%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $53.60M $53.60M $58.70M
YoY Change -8.69% -8.69% 30.44%
Accrued Expenses $26.40M $32.70M $34.70M
YoY Change -12.29% -5.76% 18.43%
Deferred Revenue
YoY Change
Short-Term Debt $2.800M $2.800M $2.500M
YoY Change 12.0% 12.0%
Long-Term Debt Due $3.400M $6.500M $4.700M
YoY Change -2.86% 38.3% -52.53%
Total Short-Term Liabilities $97.50M $97.50M $101.7M
YoY Change -4.13% -4.13% 14.01%
LONG-TERM LIABILITIES
Long-Term Debt $148.6M $165.8M $138.3M
YoY Change 8.55% 19.88% -12.08%
Other Long-Term Liabilities $26.40M $99.70M $87.20M
YoY Change 30.69% 14.33% 32.12%
Total Long-Term Liabilities $175.0M $265.5M $225.5M
YoY Change 11.39% 17.74% 0.99%
TOTAL LIABILITIES
Total Short-Term Liabilities $97.50M $97.50M $101.7M
Total Long-Term Liabilities $175.0M $265.5M $225.5M
Total Liabilities $386.5M $411.2M $377.4M
YoY Change 8.38% 8.96% 11.23%
SHAREHOLDERS EQUITY
Retained Earnings $271.0M
YoY Change -1.24%
Common Stock $100.0K
YoY Change 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $503.6M $503.6M $502.1M
YoY Change
Total Liabilities & Shareholders Equity $914.8M $914.8M $879.5M
YoY Change 4.01% 4.01% 0.69%

Cashflow Statement

Concept 2023 Q4 2023 2022
OPERATING ACTIVITIES
Net Income $4.000M -$2.800M -$34.60M
YoY Change -109.52% -91.91% -177.06%
Depreciation, Depletion And Amortization $10.00M $32.80M $24.80M
YoY Change 31.58% 32.26% 21.57%
Cash From Operating Activities $36.50M $29.20M $35.20M
YoY Change -4.45% -17.05% -25.11%
INVESTING ACTIVITIES
Capital Expenditures $2.800M $49.80M $61.20M
YoY Change -114.58% -18.63% -16.62%
Acquisitions
YoY Change
Other Investing Activities -$600.0K $100.0K $100.0K
YoY Change -130.0% 0.0% -133.33%
Cash From Investing Activities -$3.400M -$54.10M -$51.40M
YoY Change -80.23% 5.25% -26.88%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $600.0K $0.00
YoY Change
Debt Paid & Issued, Net $3.500M $63.30M
YoY Change -94.47% 502.86%
Cash From Financing Activities -14.80M $14.30M -$21.80M
YoY Change 4.23% -165.6% 89.57%
NET CHANGE
Cash From Operating Activities 36.50M $29.20M $35.20M
Cash From Investing Activities -3.400M -$54.10M -$51.40M
Cash From Financing Activities -14.80M $14.30M -$21.80M
Net Change In Cash 18.30M -$10.70M -$38.30M
YoY Change 169.12% -72.06% 10.06%
FREE CASH FLOW
Cash From Operating Activities $36.50M $29.20M $35.20M
Capital Expenditures $2.800M $49.80M $61.20M
Free Cash Flow $33.70M -$20.60M -$26.00M
YoY Change -41.29% -20.77% -1.52%

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CY2022 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
7600000 usd
CY2021 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
3400000 usd
CY2023 avo Capital Expenditures Incurred But Not Yet Paid Assets Held For Sale
CapitalExpendituresIncurredButNotYetPaidAssetsHeldForSale
700000 usd
CY2022 avo Capital Expenditures Incurred But Not Yet Paid Assets Held For Sale
CapitalExpendituresIncurredButNotYetPaidAssetsHeldForSale
2100000 usd
CY2021 avo Capital Expenditures Incurred But Not Yet Paid Assets Held For Sale
CapitalExpendituresIncurredButNotYetPaidAssetsHeldForSale
1400000 usd
CY2023 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
15700000 usd
CY2022 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
500000 usd
CY2021 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
0 usd
CY2023 avo Purchases From Suppliers With Payment Terms Greater Than90 Days
PurchasesFromSuppliersWithPaymentTermsGreaterThan90Days
1400000 usd
CY2022 avo Purchases From Suppliers With Payment Terms Greater Than90 Days
PurchasesFromSuppliersWithPaymentTermsGreaterThan90Days
0 usd
CY2021 avo Purchases From Suppliers With Payment Terms Greater Than90 Days
PurchasesFromSuppliersWithPaymentTermsGreaterThan90Days
0 usd
CY2023 us-gaap Proceeds From Sale And Collection Of Loans Receivable
ProceedsFromSaleAndCollectionOfLoansReceivable
0 usd
CY2022 us-gaap Proceeds From Sale And Collection Of Loans Receivable
ProceedsFromSaleAndCollectionOfLoansReceivable
1900000 usd
CY2021 us-gaap Proceeds From Sale And Collection Of Loans Receivable
ProceedsFromSaleAndCollectionOfLoansReceivable
0 usd
CY2023 us-gaap Nature Of Operations
NatureOfOperations
Nature of Business<div style="margin-top:11pt;text-indent:36pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%">Mission Produce, Inc. together with its consolidated subsidiaries (“Mission,” “the Company,” “we,” “us” or “our”), is a global leader in the avocado industry. The Company’s expertise lies in the farming, packaging, marketing and distribution of avocados to food retailers, distributors and produce wholesalers worldwide. The Company procures avocados principally from California, Mexico and Peru. Through our various operating facilities, we grow, sort, pack, bag and ripen avocados and a small amount of other fruits for distribution to domestic and international markets. We report our results of operations in three reportable segments which are also equivalent to operating segments: Marketing and Distribution, International Farming and Blueberries (see Note 17).</span></div>
CY2023 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
3 segment
CY2023 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
Certain reclassifications have been made to previously reported balances in the consolidated financial statements in order to conform to current period presentation, including $1.0 million in loans from noncontrolling interest holders, net of current portion in our consolidated balance sheets and related disclosures, that were previously reported in other long-term liabilities.
CY2023 us-gaap Use Of Estimates
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<div style="margin-top:12pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Use of estimates</span></div>The preparation of the consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.
CY2022 us-gaap Effective Income Tax Rate Reconciliation Gilti Percent
EffectiveIncomeTaxRateReconciliationGiltiPercent
-0.019
CY2021 us-gaap Effective Income Tax Rate Reconciliation Gilti Percent
EffectiveIncomeTaxRateReconciliationGiltiPercent
0.023
CY2023Q4 us-gaap Value Added Tax Receivable
ValueAddedTaxReceivable
11800000 usd
CY2022Q4 us-gaap Value Added Tax Receivable
ValueAddedTaxReceivable
14400000 usd
CY2023Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
676400000 usd
CY2022Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
611600000 usd
CY2023Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
153200000 usd
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
121900000 usd
CY2023Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
523200000 usd
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
489700000 usd
CY2023 us-gaap Depreciation
Depreciation
31300000 usd
CY2022 us-gaap Depreciation
Depreciation
24000000 usd
CY2021 us-gaap Depreciation
Depreciation
20400000 usd
CY2023 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseShareBasedCompensationCost
-0.387
CY2022 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost
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-0.009
CY2021 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseShareBasedCompensationCost
0.005
CY2023 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
-0.160
CY2022 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
0.004
CY2021 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
-0.012
CY2023 us-gaap Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Percent
EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitPercent
-0.146
CY2023 us-gaap Defined Contribution Plan Maximum Annual Contributions Per Employee Percent
DefinedContributionPlanMaximumAnnualContributionsPerEmployeePercent
0.60
CY2023 us-gaap Advertising Expense
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200000 usd
CY2022 us-gaap Advertising Expense
AdvertisingExpense
300000 usd
CY2023 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
1000000 usd
CY2022 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
900000 usd
CY2022 us-gaap Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Percent
EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitPercent
0
CY2021 us-gaap Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Percent
EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitPercent
-0.002
CY2023 us-gaap Effective Income Tax Rate Reconciliation Prior Year Income Taxes
EffectiveIncomeTaxRateReconciliationPriorYearIncomeTaxes
-0.070
CY2023 us-gaap Concentration Risk Credit Risk
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<div style="margin-top:12pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Risk concentration</span></div><div style="margin-top:11pt;text-indent:36pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%">Accounts receivable from a single customer represented 16% of trade accounts receivable as of October 31, 2023 and 13% of trade accounts receivable as of October 31, 2022. Accounts receivable from two other customers each represented 8% and 6% of trade accounts receivable as of October 31, 2023, respectively. These same two customers each represented 11% and 12% of trade accounts receivable as of October 31, 2022, respectively. </span></div><div style="margin-top:11pt;text-indent:36pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%">Sales to our top 10 customers amounted to approximately 65% of net sales for the year ended October 31, 2023 and 59% of net sales for both years ended October 31, 2022 and 2021. For the year ended October 31, 2023, one customer represented 18% of net sales. For the year ended October 31, 2022, one single customer represented 13% of net sales. For the year ended October 31, 2021, no single customer represented more than 10% of net sales. Net sales from our top 10 customers are concentrated in our Marketing and Distribution segment, with exception to sales generated by our Blueberries segment, for which substantially all sales are from a single customer with which we have an exclusive marketing agreement.</span></div>
CY2023Q4 us-gaap Area Of Land
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900 acre
CY2021Q4 us-gaap Goodwill
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76400000 usd
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GoodwillAcquiredDuringPeriod
12500000 usd
CY2022 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
49500000 usd
CY2022Q4 us-gaap Goodwill
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39400000 usd
CY2023Q4 us-gaap Goodwill
Goodwill
39400000 usd
CY2023 us-gaap Number Of Reporting Units
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2 reporting_unit
CY2023Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
2800000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
2800000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
2300000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
800000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Net
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500000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Net
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2000000.0 usd
CY2023Q4 us-gaap Finite Lived Intangible Asset Useful Life
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P2Y
CY2022 us-gaap Amortization Of Intangible Assets
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800000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
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500000 usd
CY2023Q4 us-gaap Other Liabilities Noncurrent
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26400000 usd
CY2022Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
19200000 usd
CY2022 us-gaap Effective Income Tax Rate Reconciliation Prior Year Income Taxes
EffectiveIncomeTaxRateReconciliationPriorYearIncomeTaxes
0.012
CY2021 us-gaap Effective Income Tax Rate Reconciliation Prior Year Income Taxes
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0.007
CY2023 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
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-1.425
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EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
-0.008
CY2023Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
29500000 usd
CY2022Q4 us-gaap Inventory Finished Goods Net Of Reserves
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33800000 usd
CY2023Q4 us-gaap Agricultural Related Inventory Growing Crops
AgriculturalRelatedInventoryGrowingCrops
21500000 usd
CY2022Q4 us-gaap Agricultural Related Inventory Growing Crops
AgriculturalRelatedInventoryGrowingCrops
19500000 usd
CY2023Q4 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
19800000 usd
CY2022Q4 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
19800000 usd
CY2023Q4 us-gaap Inventory Net
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70800000 usd
CY2022Q4 us-gaap Inventory Net
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73100000 usd
CY2023Q4 us-gaap Employee Related Liabilities Current
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12800000 usd
CY2022Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
16300000 usd
CY2023Q4 avo Accrued Freight Costs Current
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4500000 usd
CY2022Q4 avo Accrued Freight Costs Current
AccruedFreightCostsCurrent
6200000 usd
CY2023Q4 avo Accrued Fruit Costs Current
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2700000 usd
CY2022Q4 avo Accrued Fruit Costs Current
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1000000.0 usd
CY2023Q4 us-gaap Taxes Payable Current And Noncurrent
TaxesPayableCurrentAndNoncurrent
300000 usd
CY2022Q4 us-gaap Taxes Payable Current And Noncurrent
TaxesPayableCurrentAndNoncurrent
100000 usd
CY2023Q4 avo Accrued Legal Settlement
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800000 usd
CY2022Q4 avo Accrued Legal Settlement
AccruedLegalSettlement
800000 usd
CY2023Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
5300000 usd
CY2022Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
5700000 usd
CY2023Q4 us-gaap Accrued Liabilities Current
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26400000 usd
CY2022Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
30100000 usd
CY2023Q4 us-gaap Liability For Uncertain Tax Positions Noncurrent
LiabilityForUncertainTaxPositionsNoncurrent
19400000 usd
CY2022Q4 us-gaap Liability For Uncertain Tax Positions Noncurrent
LiabilityForUncertainTaxPositionsNoncurrent
17100000 usd
CY2023Q4 avo Employee Related Liabilities Noncurrent
EmployeeRelatedLiabilitiesNoncurrent
1400000 usd
CY2022Q4 avo Employee Related Liabilities Noncurrent
EmployeeRelatedLiabilitiesNoncurrent
1200000 usd
CY2023Q4 avo Accounts Payable Trade Noncontrolling Interest Holders Current
AccountsPayableTradeNoncontrollingInterestHoldersCurrent
4500000 usd
CY2022Q4 avo Accounts Payable Trade Noncontrolling Interest Holders Current
AccountsPayableTradeNoncontrollingInterestHoldersCurrent
600000 usd
CY2023Q4 avo Other Miscellaneous Liabilities Noncurrent
OtherMiscellaneousLiabilitiesNoncurrent
1100000 usd
CY2022Q4 avo Other Miscellaneous Liabilities Noncurrent
OtherMiscellaneousLiabilitiesNoncurrent
300000 usd
CY2023 us-gaap Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
100000 usd
CY2022 us-gaap Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
4700000 usd
CY2021 us-gaap Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
800000 usd
CY2023 us-gaap Foreign Currency Transaction Gain Loss Realized
ForeignCurrencyTransactionGainLossRealized
-1800000 usd
CY2022 us-gaap Foreign Currency Transaction Gain Loss Realized
ForeignCurrencyTransactionGainLossRealized
-2000000.0 usd
CY2021 us-gaap Foreign Currency Transaction Gain Loss Realized
ForeignCurrencyTransactionGainLossRealized
-1600000 usd
CY2023 us-gaap Interest Income Other
InterestIncomeOther
1500000 usd
CY2022 us-gaap Interest Income Other
InterestIncomeOther
1700000 usd
CY2021 us-gaap Interest Income Other
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1700000 usd
CY2023 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 usd
CY2022 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 usd
CY2021 us-gaap Gains Losses On Extinguishment Of Debt
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CY2023 avo Other Nonoperating Expense Income Net
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0 usd
CY2022 avo Other Nonoperating Expense Income Net
OtherNonoperatingExpenseIncomeNet
0 usd
CY2021 avo Other Nonoperating Expense Income Net
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CY2022 us-gaap Other Nonoperating Income Expense
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4400000 usd
CY2021 us-gaap Other Nonoperating Income Expense
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1300000 usd
CY2021Q4 us-gaap Equity Method Investments
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52700000 usd
CY2022 avo Increase Decrease In Investment Investment Income Loss
IncreaseDecreaseInInvestmentInvestmentIncomeLoss
5100000 usd
CY2022 avo Equity Method Investment Increase Decrease Foreign Translation
EquityMethodInvestmentIncreaseDecreaseForeignTranslation
-700000 usd
CY2022 avo Decrease In Investment Dividends Received
DecreaseInInvestmentDividendsReceived
2200000 usd
CY2022 avo Equity Method Investment Increase Contributions
EquityMethodInvestmentIncreaseContributions
400000 usd
CY2022 avo Equity Method Investment Increase Remeasurement
EquityMethodInvestmentIncreaseRemeasurement
2000000.0 usd
CY2022 avo Equity Method Investment Decrease Effect Of Consolidation
EquityMethodInvestmentDecreaseEffectOfConsolidation
30200000 usd
CY2022Q4 us-gaap Equity Method Investments
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27100000 usd
CY2023 avo Increase Decrease In Investment Investment Income Loss
IncreaseDecreaseInInvestmentInvestmentIncomeLoss
4000000.0 usd
CY2023 avo Equity Method Investment Increase Decrease Foreign Translation
EquityMethodInvestmentIncreaseDecreaseForeignTranslation
500000 usd
CY2023 avo Decrease In Investment Dividends Received
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2700000 usd
CY2023 avo Equity Method Investment Increase Contributions
EquityMethodInvestmentIncreaseContributions
2100000 usd
CY2023Q4 us-gaap Equity Method Investments
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5500000 usd
CY2023 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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12200000 usd
CY2022 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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23100000 usd
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152400000 usd
CY2022Q4 us-gaap Debt Instrument Carrying Amount
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141000000.0 usd
CY2023Q4 us-gaap Deferred Finance Costs Net
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400000 usd
CY2022Q4 us-gaap Deferred Finance Costs Net
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600000 usd
CY2023Q4 us-gaap Long Term Debt
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152000000.0 usd
CY2022Q4 us-gaap Long Term Debt
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CY2022Q4 us-gaap Long Term Debt Current
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3000000.0 usd
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95500000 usd
CY2023Q4 us-gaap Contractual Obligation Due In Fifth Year
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8800000 usd
CY2023Q4 us-gaap Contractual Obligation Due After Fifth Year
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38800000 usd
CY2023Q4 us-gaap Contractual Obligation
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155200000 usd
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11300000 usd
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CY2023Q4 us-gaap Finance Lease Right Of Use Asset
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18100000 usd
CY2022Q4 us-gaap Finance Lease Right Of Use Asset
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3800000 usd
CY2023Q4 avo Lease Right Of Use Asset
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CY2022Q4 avo Lease Right Of Use Asset
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69200000 usd
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14700000 usd
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1400000 usd
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94900000 usd
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38400000 usd
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17900000 usd
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200000 usd
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300000 usd
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CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
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CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
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7500000 usd
CY2023Q4 us-gaap Finance Lease Liability Payments Due Year Four
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1500000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
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7000000.0 usd
CY2023Q4 us-gaap Finance Lease Liability Payments Due Year Five
FinanceLeaseLiabilityPaymentsDueYearFive
1500000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
79700000 usd
CY2023Q4 us-gaap Finance Lease Liability Payments Due After Year Five
FinanceLeaseLiabilityPaymentsDueAfterYearFive
34000000.0 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
119700000 usd
CY2023Q4 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
42600000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
42100000 usd
CY2023Q4 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
25300000 usd
CY2023Q4 us-gaap Operating Lease Liability
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77600000 usd
CY2023Q4 us-gaap Finance Lease Liability
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17300000 usd
CY2023Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
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P15Y9M18D
CY2023Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
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P23Y4M24D
CY2023Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.054
CY2023Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.094
CY2023 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2022 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2021 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2023 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
-0.374
CY2022 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
-0.007
CY2021 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.010
CY2023 us-gaap Effective Income Tax Rate Reconciliation Gilti Percent
EffectiveIncomeTaxRateReconciliationGiltiPercent
0
CY2023 us-gaap Current Federal Tax Expense Benefit
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3200000 usd
CY2022 us-gaap Current Federal Tax Expense Benefit
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500000 usd
CY2021 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
2200000 usd
CY2023 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
600000 usd
CY2022 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
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CY2021 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
600000 usd
CY2023 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
4800000 usd
CY2022 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
3900000 usd
CY2021 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
9500000 usd
CY2023 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
8600000 usd
CY2022 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
4300000 usd
CY2021 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
12300000 usd
CY2023 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-2900000 usd
CY2022 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
700000 usd
CY2021 us-gaap Deferred Federal Income Tax Expense Benefit
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2600000 usd
CY2023 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
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CY2022 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
200000 usd
CY2021 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
300000 usd
CY2023 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
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CY2022 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
-1500000 usd
CY2021 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
5900000 usd
CY2023 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-6400000 usd
CY2022 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-600000 usd
CY2021 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
8800000 usd
CY2023 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2200000 usd
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
3700000 usd
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
21100000 usd
CY2023 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
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8200000 usd
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
1900000 usd
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
20800000 usd
CY2023 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
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CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
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CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
45200000 usd
CY2023 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
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CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
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CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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66000000.0 usd
CY2023 avo Effective Income Tax Rate Reconciliation Change In Foreign Tax Rate Percent
EffectiveIncomeTaxRateReconciliationChangeInForeignTaxRatePercent
0
CY2022 avo Effective Income Tax Rate Reconciliation Change In Foreign Tax Rate Percent
EffectiveIncomeTaxRateReconciliationChangeInForeignTaxRatePercent
0.018
CY2021 avo Effective Income Tax Rate Reconciliation Change In Foreign Tax Rate Percent
EffectiveIncomeTaxRateReconciliationChangeInForeignTaxRatePercent
0.083
CY2023 us-gaap Effective Income Tax Rate Reconciliation Tax Contingencies
EffectiveIncomeTaxRateReconciliationTaxContingencies
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CY2022 us-gaap Effective Income Tax Rate Reconciliation Tax Contingencies
EffectiveIncomeTaxRateReconciliationTaxContingencies
-0.028
CY2021 us-gaap Effective Income Tax Rate Reconciliation Tax Contingencies
EffectiveIncomeTaxRateReconciliationTaxContingencies
0.009
CY2023 avo Effective Income Tax Rate Reconciliation Advance Payment Receivable Write Off Percent
EffectiveIncomeTaxRateReconciliationAdvancePaymentReceivableWriteOffPercent
1.903
CY2022 avo Effective Income Tax Rate Reconciliation Advance Payment Receivable Write Off Percent
EffectiveIncomeTaxRateReconciliationAdvancePaymentReceivableWriteOffPercent
0
CY2021 avo Effective Income Tax Rate Reconciliation Advance Payment Receivable Write Off Percent
EffectiveIncomeTaxRateReconciliationAdvancePaymentReceivableWriteOffPercent
0
CY2023 avo Effective Income Tax Rate Reconciliation Apb23 Remeasurement Percent
EffectiveIncomeTaxRateReconciliationAPB23RemeasurementPercent
1.891
CY2022 avo Effective Income Tax Rate Reconciliation Apb23 Remeasurement Percent
EffectiveIncomeTaxRateReconciliationAPB23RemeasurementPercent
0
CY2021 avo Effective Income Tax Rate Reconciliation Apb23 Remeasurement Percent
EffectiveIncomeTaxRateReconciliationAPB23RemeasurementPercent
0
CY2023 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Impairment Losses
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0
CY2022 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Impairment Losses
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-0.334
CY2021 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Impairment Losses
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0
CY2023 avo Effective Income Tax Rate Reconciliation Fair Value Remeasurement Percent
EffectiveIncomeTaxRateReconciliationFairValueRemeasurementPercent
0
CY2022 avo Effective Income Tax Rate Reconciliation Fair Value Remeasurement Percent
EffectiveIncomeTaxRateReconciliationFairValueRemeasurementPercent
0.014
CY2021 avo Effective Income Tax Rate Reconciliation Fair Value Remeasurement Percent
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0
CY2023 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
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0.405
CY2022 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
0.019
CY2021 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
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CY2023 us-gaap Effective Income Tax Rate Continuing Operations
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CY2022 us-gaap Effective Income Tax Rate Continuing Operations
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CY2021 us-gaap Effective Income Tax Rate Continuing Operations
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CY2023Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Accrued Liabilities
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4900000 usd
CY2022Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Accrued Liabilities
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4600000 usd
CY2023Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
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CY2022Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
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CY2023Q4 us-gaap Deferred Tax Asset Interest Carryforward
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700000 usd
CY2022Q4 us-gaap Deferred Tax Asset Interest Carryforward
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CY2023Q4 us-gaap Deferred Tax Assets Inventory
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CY2022Q4 us-gaap Deferred Tax Assets Inventory
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600000 usd
CY2023Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Deferred Rent
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16000000.0 usd
CY2022Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Deferred Rent
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13800000 usd
CY2023Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccruals
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CY2022Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccruals
1400000 usd
CY2023Q4 us-gaap Deferred Tax Assets Gross
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30500000 usd
CY2022Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
21800000 usd
CY2023Q4 us-gaap Deferred Tax Assets Valuation Allowance
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1900000 usd
CY2022Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
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CY2023Q4 us-gaap Deferred Tax Assets Liabilities Net
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28600000 usd
CY2022Q4 us-gaap Deferred Tax Assets Liabilities Net
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21100000 usd
CY2023Q4 us-gaap Deferred Tax Liabilities Investment In Noncontrolled Affiliates
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3800000 usd
CY2022Q4 us-gaap Deferred Tax Liabilities Investment In Noncontrolled Affiliates
DeferredTaxLiabilitiesInvestmentInNoncontrolledAffiliates
3400000 usd
CY2023Q4 us-gaap Deferred Tax Liabilities Derivatives
DeferredTaxLiabilitiesDerivatives
100000 usd
CY2022Q4 us-gaap Deferred Tax Liabilities Derivatives
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CY2023Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
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24700000 usd
CY2022Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
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23800000 usd
CY2023Q4 us-gaap Deferred Tax Liabilities Leasing Arrangements
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15000000.0 usd
CY2022Q4 us-gaap Deferred Tax Liabilities Leasing Arrangements
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13100000 usd
CY2023Q4 us-gaap Deferred Tax Liabilities Undistributed Foreign Earnings
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CY2022Q4 us-gaap Deferred Tax Liabilities Undistributed Foreign Earnings
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1500000 usd
CY2023Q4 us-gaap Deferred Income Tax Liabilities
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43600000 usd
CY2022Q4 us-gaap Deferred Income Tax Liabilities
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42400000 usd
CY2023Q4 us-gaap Deferred Tax Liabilities
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15000000.0 usd
CY2022Q4 us-gaap Deferred Tax Liabilities
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21300000 usd
CY2023Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards Foreign
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27500000 usd
CY2023Q4 avo Deferred Tax Assets Operating Loss Carryforwards Foreign Indefinite
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26800000 usd
CY2023 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
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CY2022 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
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CY2022Q4 us-gaap Deferred Tax Liabilities Undistributed Foreign Earnings
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1500000 usd
CY2023Q4 avo Deferred Tax Liabilities Withholding Tax Due On Foreign Earnings
DeferredTaxLiabilitiesWithholdingTaxDueOnForeignEarnings
28100000 usd
CY2023Q4 us-gaap Undistributed Earnings Of Foreign Subsidiaries
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156100000 usd
CY2022Q4 us-gaap Unrecognized Tax Benefits
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6700000 usd
CY2021Q4 us-gaap Unrecognized Tax Benefits
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6100000 usd
CY2023 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
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200000 usd
CY2022 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
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500000 usd
CY2023 us-gaap Unrecognized Tax Benefits Increases Resulting From Foreign Currency Translation
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700000 usd
CY2022 us-gaap Unrecognized Tax Benefits Increases Resulting From Foreign Currency Translation
UnrecognizedTaxBenefitsIncreasesResultingFromForeignCurrencyTranslation
100000 usd
CY2023Q4 us-gaap Unrecognized Tax Benefits
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7600000 usd
CY2022Q4 us-gaap Unrecognized Tax Benefits
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6700000 usd
CY2023 us-gaap Income Tax Examination Penalties And Interest Expense
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CY2022 us-gaap Income Tax Examination Penalties And Interest Expense
IncomeTaxExaminationPenaltiesAndInterestExpense
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CY2021 us-gaap Income Tax Examination Penalties And Interest Expense
IncomeTaxExaminationPenaltiesAndInterestExpense
900000 usd
CY2023Q4 us-gaap Income Tax Examination Penalties And Interest Accrued
IncomeTaxExaminationPenaltiesAndInterestAccrued
9400000 usd
CY2022Q4 us-gaap Income Tax Examination Penalties And Interest Accrued
IncomeTaxExaminationPenaltiesAndInterestAccrued
8300000 usd
CY2023Q2 avo Effective Income Tax Rate Reconciliation Tax Contingency Uncertain Tax Position For Advance Payment Amount
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1700000 usd
CY2023 us-gaap Allocated Share Based Compensation Expense
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CY2022 us-gaap Allocated Share Based Compensation Expense
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3600000 usd
CY2021 us-gaap Allocated Share Based Compensation Expense
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2600000 usd
CY2023 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
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400000 usd
CY2022 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
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CY2021 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
100000 usd
CY2023Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
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6700000 usd
CY2023 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
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P1Y3M18D
CY2023 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
1100000 usd
CY2022 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
1400000 usd
CY2021 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
1300000 usd
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
100000 usd
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
100000 usd
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
200000 usd
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Award Vesting Period1
ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1
P4Y
CY2023Q3 us-gaap Stock Repurchase Program Authorized Amount1
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20000000 usd
CY2023Q3 us-gaap Stock Repurchase Program Period In Force1
StockRepurchaseProgramPeriodInForce1
P36M
CY2023Q4 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
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19400000 usd
CY2021 us-gaap Interest Expense
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3700000 usd
CY2023 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2200000 usd
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
3700000 usd
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
21100000 usd
CY2023 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
32800000 usd
CY2022 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
24800000 usd
CY2021 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
20400000 usd
CY2023 us-gaap Net Income Loss
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CY2022 us-gaap Net Income Loss
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CY2021 us-gaap Net Income Loss
NetIncomeLoss
44900000 usd
CY2023 us-gaap Weighted Average Number Of Shares Outstanding Basic
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70750239 shares
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
70647469 shares
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
70583424 shares
CY2023 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
70750239 shares
CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
70647469 shares
CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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71068481 shares
CY2023 us-gaap Earnings Per Share Basic
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CY2022 us-gaap Earnings Per Share Basic
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CY2021 us-gaap Earnings Per Share Basic
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0.64
CY2023 us-gaap Earnings Per Share Diluted
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CY2022 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
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CY2021 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.63
CY2023 avo Lease Cost Portion Attributable To Noncontrolling Interest
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600000 usd
CY2023 us-gaap Number Of Operating Segments
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3
CY2023 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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CY2022 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1045900000 usd
CY2021 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
891700000 usd
CY2023 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
953900000 usd
CY2022 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1045900000 usd
CY2021 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
891700000 usd
CY2023 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
953900000 usd
CY2022 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1045900000 usd
CY2021 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
891700000 usd
CY2023 us-gaap Profit Loss
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CY2022 us-gaap Profit Loss
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CY2021 us-gaap Profit Loss
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CY2023 us-gaap Interest Expense
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11600000 usd
CY2022 us-gaap Interest Expense
InterestExpense
5500000 usd
CY2023 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
4000000.0 usd
CY2022 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
5100000 usd
CY2021 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
7500000 usd
CY2023 us-gaap Share Based Compensation
ShareBasedCompensation
4500000 usd
CY2022 us-gaap Share Based Compensation
ShareBasedCompensation
3600000 usd
CY2021 us-gaap Share Based Compensation
ShareBasedCompensation
2600000 usd
CY2023 us-gaap Severance Costs1
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1300000 usd
CY2022 us-gaap Severance Costs1
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CY2021 us-gaap Severance Costs1
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0 usd
CY2023 us-gaap Litigation Settlement Expense
LitigationSettlementExpense
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CY2022 us-gaap Litigation Settlement Expense
LitigationSettlementExpense
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CY2021 us-gaap Litigation Settlement Expense
LitigationSettlementExpense
800000 usd
CY2023 avo Sale Of Assets And Asset Impairment Charges Net Of Insurance Recoverables
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1300000 usd
CY2022 avo Sale Of Assets And Asset Impairment Charges Net Of Insurance Recoverables
SaleOfAssetsAndAssetImpairmentChargesNetOfInsuranceRecoverables
400000 usd
CY2021 avo Sale Of Assets And Asset Impairment Charges Net Of Insurance Recoverables
SaleOfAssetsAndAssetImpairmentChargesNetOfInsuranceRecoverables
-200000 usd
CY2023 avo Farming Costs For Non Productive Orchards
FarmingCostsForNonProductiveOrchards
1800000 usd
CY2022 avo Farming Costs For Non Productive Orchards
FarmingCostsForNonProductiveOrchards
1500000 usd
CY2021 avo Farming Costs For Non Productive Orchards
FarmingCostsForNonProductiveOrchards
800000 usd
CY2023 avo Software Implementation Costs Noncapitalizable
SoftwareImplementationCostsNoncapitalizable
2200000 usd
CY2022 avo Software Implementation Costs Noncapitalizable
SoftwareImplementationCostsNoncapitalizable
4600000 usd
CY2021 avo Software Implementation Costs Noncapitalizable
SoftwareImplementationCostsNoncapitalizable
0 usd
CY2023 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 usd
CY2022 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
49500000 usd
CY2021 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 usd
CY2023 us-gaap Business Combination Step Acquisition Equity Interest In Acquiree Remeasurement Gain
BusinessCombinationStepAcquisitionEquityInterestInAcquireeRemeasurementGain
0 usd
CY2022 us-gaap Business Combination Step Acquisition Equity Interest In Acquiree Remeasurement Gain
BusinessCombinationStepAcquisitionEquityInterestInAcquireeRemeasurementGain
2000000.0 usd
CY2021 us-gaap Business Combination Step Acquisition Equity Interest In Acquiree Remeasurement Gain
BusinessCombinationStepAcquisitionEquityInterestInAcquireeRemeasurementGain
0 usd
CY2023 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
300000 usd
CY2022 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
600000 usd
CY2021 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
0 usd
CY2023 avo Inventory Adjustments Amortization
InventoryAdjustmentsAmortization
700000 usd
CY2022 avo Inventory Adjustments Amortization
InventoryAdjustmentsAmortization
400000 usd
CY2021 avo Inventory Adjustments Amortization
InventoryAdjustmentsAmortization
0 usd
CY2023 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-200000 usd
CY2022 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
4400000 usd
CY2021 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
1300000 usd
CY2023 avo Net Income Loss Attributable To Noncontrolling Interest Including Non Gaap Adjustments
NetIncomeLossAttributableToNoncontrollingInterestIncludingNonGAAPAdjustments
-3400000 usd
CY2022 avo Net Income Loss Attributable To Noncontrolling Interest Including Non Gaap Adjustments
NetIncomeLossAttributableToNoncontrollingInterestIncludingNonGAAPAdjustments
-600000 usd
CY2021 avo Net Income Loss Attributable To Noncontrolling Interest Including Non Gaap Adjustments
NetIncomeLossAttributableToNoncontrollingInterestIncludingNonGAAPAdjustments
0 usd
CY2023Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
523200000 usd
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
489700000 usd

Files In Submission

Name View Source Status
avo-20231031_def.xml Edgar Link unprocessable
0001802974-23-000037-index-headers.html Edgar Link pending
0001802974-23-000037-index.html Edgar Link pending
0001802974-23-000037.txt Edgar Link pending
0001802974-23-000037-xbrl.zip Edgar Link pending
a-separationagreementand.htm Edgar Link pending
a-separationagreementand001.jpg Edgar Link pending
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a-separationagreementand011.jpg Edgar Link pending
a-separationagreementand012.jpg Edgar Link pending
a-separationagreementand013.jpg Edgar Link pending
avo-20231031.htm Edgar Link pending
avo-20231031.xsd Edgar Link pending
avo-20231031_g1.jpg Edgar Link pending
avo-20231031_g2.jpg Edgar Link pending
clawbackpolicy_effective.htm Edgar Link pending
clawbackpolicy_effective001.jpg Edgar Link pending
avo-20231031_lab.xml Edgar Link unprocessable
avo-20231031_htm.xml Edgar Link completed
clawbackpolicy_effective002.jpg Edgar Link pending
clawbackpolicy_effective003.jpg Edgar Link pending
clawbackpolicy_effective004.jpg Edgar Link pending
exhibit231_2023.htm Edgar Link pending
exhibit311_2023-q4.htm Edgar Link pending
exhibit312_2023-q4.htm Edgar Link pending
exhibit321_2023-q4.htm Edgar Link pending
exhibit322_2023-q4.htm Edgar Link pending
Financial_Report.xlsx Edgar Link pending
MetaLinks.json Edgar Link pending
mission-directorcompensa.htm Edgar Link pending
mission-directorcompensa001.jpg Edgar Link pending
mission-directorcompensa002.jpg Edgar Link pending
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mission-insidertradingpo.htm Edgar Link pending
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report.css Edgar Link pending
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testimoniodeeeppusufruct.htm Edgar Link pending
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avo-20231031_pre.xml Edgar Link unprocessable
avo-20231031_cal.xml Edgar Link unprocessable
FilingSummary.xml Edgar Link unprocessable