Mission Produce, Inc.
For the period ended Oct 31, 2025. Filed Dec 18, 2025.
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FY2025 · Filed Dec 18, 2025
AVO$11.85-0.5%Stored close · as of Nov 10, 2026
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Item 8. Consolidated Statements of Cash Flows
| Years EndedOctober 31, | |||
|---|---|---|---|
| (In millions) | 2025 | 2024 | 2023 |
| Operating Activities | |||
| Net income (loss) | $40.5 | $41.8 | $(3.1) |
| Adjustments to reconcile net income (loss) to net cash provided by operating activities | |||
| (Benefit) provision for losses on accounts receivable | (0.1) | — | 0.1 |
| Depreciation and amortization | 34.6 | 37.7 | 32.8 |
| Amortization of debt issuance costs | 0.2 | 0.2 | 0.2 |
| Equity method income | (5.4) | (3.7) | (4.0) |
| Noncash lease expense | 6.8 | 6.1 | 5.9 |
| Stock-based compensation | 8.8 | 7.1 | 4.5 |
| Dividends received from equity method investees | 4.4 | 3.2 | 2.7 |
| Losses on asset impairment, disposals and sales, net of insurance recoveries | 3.9 | 3.9 | 1.3 |
| Gains on settlement of asset retirement obligations | (0.8) | — | — |
| Deferred income taxes | 1.9 | (8.0) | (6.4) |
| Unrealized losses (gains) on foreign currency transactions | 1.0 | (1.7) | 1.4 |
| Unrealized loss on derivative financial instruments | — | 0.1 | (0.1) |
| Other | — | (0.4) | 0.1 |
| Effect on cash of changes in operating assets and liabilities: | |||
| Trade accounts receivable | 14.6 | (20.9) | (10.6) |
| Grower fruit advances | (1.0) | (0.8) | 0.9 |
| Other receivables | 1.0 | (3.2) | 5.0 |
| Inventory | 11.1 | (19.3) | 3.0 |
| Prepaid expenses and other current assets | 0.8 | (0.2) | 2.0 |
| Income taxes receivable | (1.9) | 2.9 | (1.6) |
| Other assets | (7.7) | 1.6 | 1.0 |
| Accounts payable and accrued expenses | 12.3 | 25.4 | (8.9) |
| Income taxes payable | (2.2) | 5.1 | (0.2) |
| Grower payables | (26.8) | 23.5 | 2.2 |
| Operating lease liabilities | (6.2) | (5.3) | (3.8) |
| Other long-term liabilities | (1.2) | (1.7) | 4.8 |
| Net cash provided by operating activities | $88.6 | $93.4 | $29.2 |
| Investing Activities | |||
| Purchases of property, plant and equipment | (51.4) | (32.2) | (49.8) |
| Proceeds from sale of property, plant and equipment | 0.1 | 0.1 | 0.2 |
| Investment in equity method investees | — | (1.6) | (2.1) |
| Purchase of other investment | — | — | (2.3) |
| Other | (0.6) | 0.2 | (0.1) |
| Net cash used in investing activities | $(51.9) | $(33.5) | $(54.1) |
| Financing Activities | |||
| Borrowings on revolving credit facility | 55.0 | 40.0 | 145.0 |
| Payments on revolving credit facility | (70.0) | (75.0) | (130.0) |
| Proceeds from short-term borrowings | 10.1 | 3.0 | 2.8 |
| Repayment of short-term borrowings | (10.7) | (2.8) | (2.5) |
| Principal payments on long-term debt obligations | (3.0) | (3.4) | (3.5) |
| Principal payments on finance lease obligations | (1.0) | (1.8) | (2.6) |
| Proceeds from loan from noncontrolling interest holder | — | — | 2.0 |
| Principal payments on loans due to noncontrolling interest holder | — | (0.5) | — |
| Years EndedOctober 31, | |||
|---|---|---|---|
| (In millions) | 2025 | 2024 | 2023 |
| Payments to noncontrolling interest holder for long-term supply financing | (1.3) | (2.0) | — |
| Payments for long-term supplier financing | (1.3) | (0.5) | (0.1) |
| Repurchase and retirement of common stock | (6.1) | — | (0.6) |
| Taxes paid related to shares withheld from the settlement of equity awards | (1.5) | (0.8) | (0.5) |
| Exercise of stock options | 0.3 | — | 0.1 |
| Equity contributions from noncontrolling interest holders | — | — | 4.2 |
| Net cash (used in) provided by financing activities | $(29.5) | $(43.8) | $14.3 |
| Effect of exchange rate changes on cash | — | — | (0.1) |
| Net increase (decrease) in cash, cash equivalents and restricted cash | 7.2 | 16.1 | (10.7) |
| Cash, cash equivalents and restricted cash, beginning of period | 59.3 | 43.2 | 53.9 |
| Cash, cash equivalents and restricted cash, end of period | $66.5 | $59.3 | $43.2 |
| Summary of cash, cash equivalents and restricted cash reported within the consolidated balance sheets: | |||
| Cash and cash equivalents | $64.8 | $58.0 | $42.9 |
| Restricted cash | 1.7 | 1.3 | 0.3 |
| Total cash, cash equivalents, and restricted cash shown in the consolidated statements of cash flows | $66.5 | $59.3 | $43.2 |
| Cash paid during the year for: | |||
| Interest | $9.1 | $12.2 | $11.5 |
| Income taxes | 23.0 | 19.6 | 7.1 |
| Non-cash investing and financing activities: | |||
| Property, plant and equipment included in liabilities | 6.7 | 4.7 | 4.9 |
| Advances for property, plant and equipment included in assets | 0.9 | 1.9 | 0.7 |
| Finance leases of property, plant and equipment | 1.6 | 8.2 | 15.7 |
| Purchases from noncontrolling interest holder made with payment terms greater than 90 days | — | 0.3 | — |
| Purchases from suppliers with payment terms greater than 90 days | 1.7 | — | 1.4 |
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