XML 24 R9.htm IDEA: XBRL DOCUMENT v3.21.4
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Oct. 31, 2021
Oct. 31, 2020
Oct. 31, 2019
Operating activities      
Net loss $ (3,897) $ (17,941) $ (5,466)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:      
Depreciation and amortization 9,812 10,097 8,633
Loss (gain) on disposal of assets 109 502 (1,069)
Stock compensation expense 2,582 2,044 1,791
Non-cash lease expense 520 470 0
Equity in earnings of investments, net (3,203) (339) (3,073)
Cash distributions from equity investments 219 0 351
Deferred income taxes (189) (2,133) (773)
Loss on stock in Calavo Growers, Inc. 0 6,299 2,117
Other, net 335 671 (393)
Changes in operating assets and liabilities, net of business combinations:      
Account receivable and receivables/other from related parties (5,076) (309) (4,012)
Cultural costs (639) 359 1,447
Prepaid expenses and other current assets (1,021) (44) (2,548)
Income taxes receivable 5,911 (4,932) (601)
Other assets (5) 411 (7)
Accounts payable and growers and suppliers payable 5,389 (5,545) 3,392
Accrued liabilities and payables to related parties (730) (685) 1,459
Other long-term liabilities (512) (242) 117
Net cash provided by (used in) operating activities 9,605 (11,317) 1,365
Investing activities      
Capital expenditures (9,834) (10,599) (15,867)
Net proceeds from sales of assets 119 6,261 3,978
Net proceeds from sales of real estate development assets 0 0 2,886
Agriculture property acquisition 0 0 (397)
Business combination 0 0 (15,000)
Net proceeds from sale of stock in Calavo Growers, Inc. 0 11,048 4,785
Loan to Limoneira Lewis Community Builders, LLC 0 (1,800) 0
Collection on loan and note receivable 25 1,800 150
Equity investment contributions 0 2,800 4,000
Cash distribution from equity investment 106 0 283
Investments in mutual water companies and water rights (653) (64) (472)
Net cash (used in) provided by investing activities (10,237) 3,846 (23,654)
Financing activities      
Borrowings of long-term debt 102,196 121,056 122,899
Repayments of long-term debt (95,140) (104,066) (93,994)
Principal paid on finance lease (18) 0 0
Dividends paid - common (5,303) (5,356) (5,331)
Dividends paid - preferred (501) (501) (501)
Exchange of common stock (700) (213) (605)
Purchase of treasury stock 0 (3,493) 0
Payments of deferred financing costs 0 (66) (35)
Net cash provided by financing activities 534 7,361 22,433
Effect of exchange rate changes on cash 36 (5) (137)
Net (decrease) increase in cash (62) (115) 7
Cash at beginning of year 501 616 609
Cash at end of year 439 501 616
Supplemental disclosures of cash flow information      
Cash paid during the year for interest, net of amounts capitalized 1,503 1,865 2,532
Cash (received) paid during the year for income taxes, net (5,911) (1,235) 130
Non-cash investing and financing activities:      
Decrease in real estate development and sale-leaseback deferral 0 0 (58,330)
Non-cash reduction of note receivable 0 0 89
Capital expenditures accrued but not paid at year-end $ 657 $ 4,269 $ 1,333