2024 Q4 Form 10-K Financial Statement

#000180297424000053 Filed on December 19, 2024

View on sec.gov

Income Statement

Concept 2024 Q4 2024
Revenue $1.235B
YoY Change 29.44%
Cost Of Revenue $1.082B
YoY Change 24.31%
Gross Profit $152.5M
YoY Change 83.07%
Gross Profit Margin 12.35%
Selling, General & Admin $86.80M
YoY Change 13.61%
% of Gross Profit 56.92%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $37.70M
YoY Change 14.94%
% of Gross Profit 24.72%
Operating Expenses $86.80M
YoY Change 13.61%
Operating Profit $65.70M
YoY Change 852.17%
Interest Expense $12.60M
YoY Change 8.62%
% of Operating Profit 19.18%
Other Income/Expense, Net $3.600M
YoY Change -1900.0%
Pretax Income $60.40M
YoY Change -6811.11%
Income Tax $18.60M
% Of Pretax Income 30.79%
Net Earnings $36.70M
YoY Change -1410.71%
Net Earnings / Revenue 2.97%
Basic Earnings Per Share $0.52
Diluted Earnings Per Share $0.52
COMMON SHARES
Basic Shares Outstanding 70.91M shares 70.86M shares
Diluted Shares Outstanding 71.01M shares

Balance Sheet

Concept 2024 Q4 2024
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $58.00M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory $91.20M
Prepaid Expenses
Receivables
Other Receivables $15.30M
Total Short-Term Assets $279.0M
YoY Change 26.76%
LONG-TERM ASSETS
Property, Plant & Equipment $523.4M
YoY Change 0.04%
Goodwill $39.40M
YoY Change 0.0%
Intangibles
YoY Change
Long-Term Investments $33.00M
YoY Change 6.45%
Other Assets $19.20M
YoY Change -2.54%
Total Long-Term Assets $692.5M
YoY Change -0.32%
TOTAL ASSETS
Total Short-Term Assets $279.0M
Total Long-Term Assets $692.5M
Total Assets $971.5M
YoY Change 6.2%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses $39.90M
YoY Change 51.14%
Deferred Revenue
YoY Change
Short-Term Debt $3.000M
YoY Change 7.14%
Long-Term Debt Due $3.000M
YoY Change -11.76%
Total Short-Term Liabilities $149.1M
YoY Change 52.92%
LONG-TERM LIABILITIES
Long-Term Debt $110.7M
YoY Change -25.5%
Other Long-Term Liabilities $26.00M
YoY Change -1.52%
Total Long-Term Liabilities $136.7M
YoY Change -21.89%
TOTAL LIABILITIES
Total Short-Term Liabilities $149.1M
Total Long-Term Liabilities $136.7M
Total Liabilities $394.4M
YoY Change 2.04%
SHAREHOLDERS EQUITY
Retained Earnings $307.7M
YoY Change 13.54%
Common Stock $100.0K
YoY Change 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $547.3M
YoY Change
Total Liabilities & Shareholders Equity $971.5M
YoY Change 6.2%

Cashflow Statement

Concept 2024 Q4 2024
OPERATING ACTIVITIES
Net Income $36.70M
YoY Change -1410.71%
Depreciation, Depletion And Amortization $37.70M
YoY Change 14.94%
Cash From Operating Activities $93.40M
YoY Change 219.86%
INVESTING ACTIVITIES
Capital Expenditures $32.20M
YoY Change -35.34%
Acquisitions
YoY Change
Other Investing Activities -$200.0K
YoY Change -300.0%
Cash From Investing Activities -$33.50M
YoY Change -38.08%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00
YoY Change -100.0%
Debt Paid & Issued, Net $3.400M
YoY Change -2.86%
Cash From Financing Activities -$43.80M
YoY Change -406.29%
NET CHANGE
Cash From Operating Activities $93.40M
Cash From Investing Activities -$33.50M
Cash From Financing Activities -$43.80M
Net Change In Cash $16.10M
YoY Change -250.47%
FREE CASH FLOW
Cash From Operating Activities $93.40M
Capital Expenditures $32.20M
Free Cash Flow $61.20M
YoY Change -397.09%

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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 &amp; Distribution, International Farming and Blueberries (see Note 17).</span></div>
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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.
CY2024Q4 us-gaap Value Added Tax Receivable
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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 26% of trade accounts receivable as of October 31, 2024 and 16% of trade accounts receivable as of October 31, 2023. </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 69% of net sales for the year ended October 31, 2024, 65% for the year ended October 31, 2023 and 59% for the year ended October 31, 2022. One single customer represented 22%, 18% and 13% of net sales for the years ended October 31, 2024, 2023 and 2022, respectively. Another single customer represented 10%, 9% and 8% of net sales for the years ended October 31, 2024, 2023 and 2022, respectively. Net sales from our top 10 customers are concentrated in our Marketing &amp; 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>
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38900000 usd
CY2024Q4 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
36400000 usd
CY2024Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
73800000 usd
CY2024Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
24400000 usd
CY2024Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P15Y3M18D
CY2024Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P21Y
CY2024Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.055
CY2024Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.100
CY2022 us-gaap Operating Lease Payments
OperatingLeasePayments
6400000 usd
CY2024 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
1400000 usd
CY2023 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
0 usd
CY2022 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
0 usd
CY2024 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
700000 usd
CY2023 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
12200000 usd
CY2022 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
23100000 usd
CY2024Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
8900000 usd
CY2024Q4 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
2800000 usd
CY2024Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
8300000 usd
CY2024Q4 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
2700000 usd
CY2024Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
7700000 usd
CY2024Q4 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
2700000 usd
CY2024Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
7200000 usd
CY2024Q4 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
2700000 usd
CY2024Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
6700000 usd
CY2024Q4 us-gaap Finance Lease Liability Payments Due Year Five
FinanceLeaseLiabilityPaymentsDueYearFive
2600000 usd
CY2024Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
73900000 usd
CY2024Q4 us-gaap Finance Lease Liability Payments Due After Year Five
FinanceLeaseLiabilityPaymentsDueAfterYearFive
47300000 usd
CY2024Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
112700000 usd
CY2024Q4 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
60800000 usd
CY2024Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
38900000 usd
CY2024Q4 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
36400000 usd
CY2024Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
73800000 usd
CY2024Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
24400000 usd
CY2024Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P15Y3M18D
CY2024Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P21Y
CY2024Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.055
CY2024Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.100
CY2024 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
12100000 usd
CY2023 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
3200000 usd
CY2022 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
500000 usd
CY2024 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
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
-100000 usd
CY2024 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
12300000 usd
CY2023 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
4800000 usd
CY2022 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
3900000 usd
CY2024 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
26600000 usd
CY2023 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
8600000 usd
CY2022 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
4300000 usd
CY2024 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-1700000 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
CY2024 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-300000 usd
CY2023 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-100000 usd
CY2022 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
200000 usd
CY2024 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
-6000000.0 usd
CY2023 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
-3400000 usd
CY2022 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
-1500000 usd
CY2024 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-8000000.0 usd
CY2023 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-6400000 usd
CY2022 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-600000 usd
CY2024 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
18600000 usd
CY2023 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2200000 usd
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
3700000 usd
CY2024 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
48700000 usd
CY2023 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
8200000 usd
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
1900000 usd
CY2024 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
11700000 usd
CY2023 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
-9100000 usd
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
-33100000 usd
CY2024 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
60400000 usd
CY2023 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-900000 usd
CY2024 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
12100000 usd
CY2023 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
3200000 usd
CY2022 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
500000 usd
CY2024 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
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
-100000 usd
CY2023 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
4800000 usd
CY2022 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
3900000 usd
CY2022 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
4300000 usd
CY2024 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-1700000 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
CY2024 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-300000 usd
CY2023 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-100000 usd
CY2022 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
200000 usd
CY2024 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
-6000000.0 usd
CY2023 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
-3400000 usd
CY2022 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
-1500000 usd
CY2023 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-6400000 usd
CY2022 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-600000 usd
CY2024 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
18600000 usd
CY2023 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2200000 usd
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
3700000 usd
CY2024 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
48700000 usd
CY2023 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
8200000 usd
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
1900000 usd
CY2024 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
11700000 usd
CY2023 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
-9100000 usd
CY2024 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
60400000 usd
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-31200000 usd
CY2024 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
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
CY2024 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.024
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
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-31200000 usd
CY2024 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
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
CY2024 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.024
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
CY2024 us-gaap Effective Income Tax Rate Reconciliation Gilti Percent
EffectiveIncomeTaxRateReconciliationGiltiPercent
0
CY2023 us-gaap Effective Income Tax Rate Reconciliation Gilti Percent
EffectiveIncomeTaxRateReconciliationGiltiPercent
0
CY2022 us-gaap Effective Income Tax Rate Reconciliation Gilti Percent
EffectiveIncomeTaxRateReconciliationGiltiPercent
-0.019
CY2024 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseShareBasedCompensationCost
0.018
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
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseShareBasedCompensationCost
-0.009
CY2022 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
0.004
CY2024 us-gaap Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Percent
EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitPercent
0.003
CY2023 us-gaap Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Percent
EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitPercent
-0.146
CY2022 us-gaap Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Percent
EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitPercent
0
CY2024 us-gaap Effective Income Tax Rate Reconciliation Prior Year Income Taxes
EffectiveIncomeTaxRateReconciliationPriorYearIncomeTaxes
0.006
CY2023 us-gaap Effective Income Tax Rate Reconciliation Prior Year Income Taxes
EffectiveIncomeTaxRateReconciliationPriorYearIncomeTaxes
-0.070
CY2022 us-gaap Effective Income Tax Rate Reconciliation Prior Year Income Taxes
EffectiveIncomeTaxRateReconciliationPriorYearIncomeTaxes
0.012
CY2024 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
0.017
CY2023 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
-1.425
CY2022 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
-0.008
CY2024 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Foreign
EffectiveIncomeTaxRateReconciliationTaxCreditsForeign
0.001
CY2023 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Foreign
EffectiveIncomeTaxRateReconciliationTaxCreditsForeign
0
CY2022 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Foreign
EffectiveIncomeTaxRateReconciliationTaxCreditsForeign
-0.008
CY2024 avo Effective Income Tax Rate Reconciliation Change In Foreign Tax Rate Percent
EffectiveIncomeTaxRateReconciliationChangeInForeignTaxRatePercent
-0.025
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
CY2024 us-gaap Effective Income Tax Rate Reconciliation Tax Contingencies
EffectiveIncomeTaxRateReconciliationTaxContingencies
0.005
CY2023 us-gaap Effective Income Tax Rate Reconciliation Tax Contingencies
EffectiveIncomeTaxRateReconciliationTaxContingencies
-0.607
CY2022 us-gaap Effective Income Tax Rate Reconciliation Tax Contingencies
EffectiveIncomeTaxRateReconciliationTaxContingencies
-0.028
CY2024 avo Effective Income Tax Rate Reconciliation Advance Payment Receivable Write Off Percent
EffectiveIncomeTaxRateReconciliationAdvancePaymentReceivableWriteOffPercent
0
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
CY2024 avo Effective Income Tax Rate Reconciliation Apb23 Remeasurement Percent
EffectiveIncomeTaxRateReconciliationAPB23RemeasurementPercent
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
CY2024 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Impairment Losses
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseImpairmentLosses
0
CY2023 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Impairment Losses
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseImpairmentLosses
0
CY2022 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Impairment Losses
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseImpairmentLosses
-0.334
CY2024 avo Effective Income Tax Rate Reconciliation Fair Value Remeasurement Percent
EffectiveIncomeTaxRateReconciliationFairValueRemeasurementPercent
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
CY2024 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
0.025
CY2023 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
0.405
CY2022 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
0.019
CY2024 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.308
CY2023 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-2.566
CY2022 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.120
CY2024 us-gaap Effective Income Tax Rate Reconciliation Gilti Percent
EffectiveIncomeTaxRateReconciliationGiltiPercent
0
CY2023 us-gaap Effective Income Tax Rate Reconciliation Gilti Percent
EffectiveIncomeTaxRateReconciliationGiltiPercent
0
CY2022 us-gaap Effective Income Tax Rate Reconciliation Gilti Percent
EffectiveIncomeTaxRateReconciliationGiltiPercent
-0.019
CY2024 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseShareBasedCompensationCost
0.018
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
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseShareBasedCompensationCost
-0.009
CY2024 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
0.026
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
CY2024 us-gaap Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Percent
EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitPercent
0.003
CY2023 us-gaap Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Percent
EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitPercent
-0.146
CY2022 us-gaap Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Percent
EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitPercent
0
CY2024 us-gaap Effective Income Tax Rate Reconciliation Prior Year Income Taxes
EffectiveIncomeTaxRateReconciliationPriorYearIncomeTaxes
0.006
CY2023 us-gaap Effective Income Tax Rate Reconciliation Prior Year Income Taxes
EffectiveIncomeTaxRateReconciliationPriorYearIncomeTaxes
-0.070
CY2022 us-gaap Effective Income Tax Rate Reconciliation Prior Year Income Taxes
EffectiveIncomeTaxRateReconciliationPriorYearIncomeTaxes
0.012
CY2024 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
0.017
CY2023 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
-1.425
CY2022 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
-0.008
CY2024 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Foreign
EffectiveIncomeTaxRateReconciliationTaxCreditsForeign
0.001
CY2023 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Foreign
EffectiveIncomeTaxRateReconciliationTaxCreditsForeign
0
CY2024 avo Effective Income Tax Rate Reconciliation Change In Foreign Tax Rate Percent
EffectiveIncomeTaxRateReconciliationChangeInForeignTaxRatePercent
-0.025
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
CY2024 us-gaap Effective Income Tax Rate Reconciliation Tax Contingencies
EffectiveIncomeTaxRateReconciliationTaxContingencies
0.005
CY2023 us-gaap Effective Income Tax Rate Reconciliation Tax Contingencies
EffectiveIncomeTaxRateReconciliationTaxContingencies
-0.607
CY2022 us-gaap Effective Income Tax Rate Reconciliation Tax Contingencies
EffectiveIncomeTaxRateReconciliationTaxContingencies
-0.028
CY2024 avo Effective Income Tax Rate Reconciliation Advance Payment Receivable Write Off Percent
EffectiveIncomeTaxRateReconciliationAdvancePaymentReceivableWriteOffPercent
0
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
CY2024 avo Effective Income Tax Rate Reconciliation Apb23 Remeasurement Percent
EffectiveIncomeTaxRateReconciliationAPB23RemeasurementPercent
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
CY2024 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Impairment Losses
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseImpairmentLosses
0
CY2023 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Impairment Losses
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseImpairmentLosses
0
CY2022 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Impairment Losses
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseImpairmentLosses
-0.334
CY2024 avo Effective Income Tax Rate Reconciliation Fair Value Remeasurement Percent
EffectiveIncomeTaxRateReconciliationFairValueRemeasurementPercent
0
CY2023 avo Effective Income Tax Rate Reconciliation Fair Value Remeasurement Percent
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CY2023 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
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IncomeLossFromEquityMethodInvestments
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CY2022 us-gaap Share Based Compensation
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CY2022 us-gaap Severance Costs1
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CY2024 avo Sale Of Assets And Asset Impairment Charges Net Of Insurance Recoverables
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3900000 usd
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1300000 usd
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CY2022 avo Farming Costs For Non Productive Orchards
FarmingCostsForNonProductiveOrchards
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CY2024 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
18600000 usd
CY2023 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2024 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
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CY2023 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
32800000 usd
CY2022 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
24800000 usd
CY2024 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
3700000 usd
CY2023 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
4000000.0 usd
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IncomeLossFromEquityMethodInvestments
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CY2024 us-gaap Share Based Compensation
ShareBasedCompensation
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ShareBasedCompensation
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CY2024 us-gaap Severance Costs1
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1300000 usd
CY2023 us-gaap Severance Costs1
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CY2022 us-gaap Severance Costs1
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0 usd
CY2024 us-gaap Litigation Settlement Expense
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3900000 usd
CY2023 avo Sale Of Assets And Asset Impairment Charges Net Of Insurance Recoverables
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1300000 usd
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SaleOfAssetsAndAssetImpairmentChargesNetOfInsuranceRecoverables
400000 usd
CY2024 avo Farming Costs For Non Productive Orchards
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FarmingCostsForNonProductiveOrchards
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CY2022 avo Farming Costs For Non Productive Orchards
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CY2024 avo Software Implementation Costs Noncapitalizable
SoftwareImplementationCostsNoncapitalizable
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CY2023 avo Software Implementation Costs Noncapitalizable
SoftwareImplementationCostsNoncapitalizable
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CY2022 avo Software Implementation Costs Noncapitalizable
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4600000 usd
CY2024 us-gaap Goodwill Impairment Loss
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0 usd
CY2023 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 usd
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49500000 usd
CY2024 us-gaap Business Combination Step Acquisition Equity Interest In Acquiree Remeasurement Gain
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CY2023 us-gaap Business Combination Step Acquisition Equity Interest In Acquiree Remeasurement Gain
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CY2022 us-gaap Business Combination Step Acquisition Equity Interest In Acquiree Remeasurement Gain
BusinessCombinationStepAcquisitionEquityInterestInAcquireeRemeasurementGain
2000000.0 usd
CY2024 us-gaap Business Combination Acquisition Related Costs
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BusinessCombinationAcquisitionRelatedCosts
300000 usd
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CY2024 avo Inventory Adjustments Amortization
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700000 usd
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InventoryAdjustmentsAmortization
400000 usd
CY2024 us-gaap Other Nonoperating Income Expense
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3600000 usd
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4400000 usd
CY2024 avo Net Income Loss Attributable To Noncontrolling Interest Including Non Gaap Adjustments
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CY2022 avo Net Income Loss Attributable To Noncontrolling Interest Including Non Gaap Adjustments
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CY2023Q4 us-gaap Property Plant And Equipment Net
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523200000 usd
CY2024 avo Software Implementation Costs Noncapitalizable
SoftwareImplementationCostsNoncapitalizable
2200000 usd
CY2023 avo Software Implementation Costs Noncapitalizable
SoftwareImplementationCostsNoncapitalizable
2200000 usd
CY2022 avo Software Implementation Costs Noncapitalizable
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4600000 usd
CY2024 us-gaap Goodwill Impairment Loss
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CY2024 us-gaap Business Combination Step Acquisition Equity Interest In Acquiree Remeasurement Gain
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BusinessCombinationStepAcquisitionEquityInterestInAcquireeRemeasurementGain
2000000.0 usd
CY2024 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
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BusinessCombinationAcquisitionRelatedCosts
300000 usd
CY2022 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
600000 usd
CY2024 avo Inventory Adjustments Amortization
InventoryAdjustmentsAmortization
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InventoryAdjustmentsAmortization
700000 usd
CY2022 avo Inventory Adjustments Amortization
InventoryAdjustmentsAmortization
400000 usd
CY2024 us-gaap Other Nonoperating Income Expense
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3600000 usd
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OtherNonoperatingIncomeExpense
4400000 usd
CY2024 avo Net Income Loss Attributable To Noncontrolling Interest Including Non Gaap Adjustments
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-12000000.0 usd
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-3400000 usd
CY2022 avo Net Income Loss Attributable To Noncontrolling Interest Including Non Gaap Adjustments
NetIncomeLossAttributableToNoncontrollingInterestIncludingNonGAAPAdjustments
-600000 usd
CY2024Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
523400000 usd
CY2023Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
523200000 usd

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