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CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Millions
Jan. 31, 2024
Oct. 31, 2023
Current Assets:    
Cash and cash equivalents $ 39.9 $ 42.9
Restricted cash 0.6 0.3
Accounts receivable    
Trade, net of allowances of $0.8 and $0.9, respectively 85.3 74.1
Grower and fruit advances 1.4 0.9
Other 13.1 12.4
Inventory 85.9 70.8
Prepaid expenses and other current assets 9.1 9.1
Income taxes receivable 9.2 9.6
Total current assets 244.5 220.1
Property, plant and equipment, net 525.2 523.2
Operating lease right-of-use assets 71.4 72.4
Equity method investees 28.6 31.0
Deferred income tax assets, net 8.7 8.5
Goodwill 39.4 39.4
Intangible asset, net 0.2 0.5
Other assets 19.5 19.7
Total assets 937.5 914.8
Liabilities    
Accounts payable 26.7 27.2
Accrued expenses 29.1 26.4
Income taxes payable 2.8 1.6
Grower payables 36.9 26.4
Short-term borrowings 0.0 2.8
Notes payable 0.5 0.0
Loans from noncontrolling interest holders—current portion 0.2 0.5
Long-term debt—current portion 3.3 3.4
Operating leases—current portion 7.0 6.6
Finance leases—current portion 1.4 2.6
Total current liabilities 107.9 97.5
Long-term debt, net of current portion 152.8 148.6
Loans from noncontrolling interest holders, net of current portion 1.8 2.5
Operating leases, net of current portion 70.3 71.0
Finance leases, net of current portion 20.1 14.7
Income taxes payable 2.3 2.3
Deferred income tax liabilities, net 22.8 23.5
Other long-term liabilities 27.7 26.4
Total liabilities 405.7 386.5
Commitments and contingencies (Note 7)
Shareholders’ Equity    
Common stock ($0.001 par value, 1,000,000,000 shares authorized; 70,841,303 and 70,728,404 shares issued and outstanding as of January 31, 2024 and October 31, 2023, respectively) 0.1 0.1
Additional paid-in capital 234.1 233.4
Accumulated other comprehensive loss (0.1) (0.9)
Retained earnings 271.0 271.0
Mission Produce shareholders' equity 505.1 503.6
Noncontrolling interest 26.7 24.7
Total equity 531.8 528.3
Total liabilities and equity $ 937.5 $ 914.8