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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Oct. 31, 2022
Oct. 31, 2021
Oct. 31, 2020
Operating activities      
Net loss $ (474) $ (3,897) $ (17,941)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:      
Depreciation and amortization 9,798 9,812 10,097
(Gain) loss on disposal of assets (4,500) 109 502
Stock compensation expense 2,732 2,582 2,044
Non-cash lease expense 442 520 470
Equity in earnings of investments, net (1,341) (3,203) (339)
Cash distributions from equity investments 483 219 0
Deferred income taxes 548 (189) (2,133)
Loss on stock in Calavo Growers, Inc. 0 0 6,299
Other, net 1,831 335 671
Changes in operating assets and liabilities:      
Account receivable and receivables/other from related parties 1,845 (5,076) (309)
Cultural costs (1,148) (639) 359
Prepaid expenses and other current assets (325) (1,021) (44)
Income taxes receivable 0 5,911 (4,932)
Other assets (134) (5) 411
Accounts payable and growers and suppliers payable 1,853 5,389 (5,545)
Accrued liabilities and payables to related parties 3,269 (730) (685)
Other long-term liabilities (49) (512) (242)
Net cash provided by (used in) operating activities 14,830 9,605 (11,317)
Investing activities      
Capital expenditures (10,066) (9,834) (10,599)
Net proceeds from sales of assets 19,259 119 6,261
Net proceeds from sales of real estate development assets 7,917 0 0
Cash distribution from Trapani Fresh 122 0 0
Net proceeds from sale of stock in Calavo Growers, Inc. 0 0 11,048
Loan to Limoneira Lewis Community Builders, LLC 0 0 (1,800)
Collection on loan and notes receivable 2,755 25 1,800
Equity investment contributions (48) 0 (2,800)
Cash distribution from equity investment 0 106 0
Investments in mutual water companies and water rights (506) (653) (64)
Net cash provided by (used in) investing activities 19,433 (10,237) 3,846
Financing activities      
Borrowings of long-term debt 146,941 102,196 121,056
Repayments of long-term debt (173,755) (95,140) (104,066)
Proceeds from equipment financings 1,020 0 0
Principal paid on finance lease and equipment financings (377) (18) 0
Dividends paid - common (5,315) (5,303) (5,356)
Dividends paid - preferred (501) (501) (501)
Exchange of common stock (1,530) (700) (213)
Purchase of treasury stock 0 0 (3,493)
Payments of deferred financing costs 0 0 (66)
Net cash (used in) provided by financing activities (33,517) 534 7,361
Effect of exchange rate changes on cash (328) 36 (5)
Net increase (decrease) in cash 418 (62) (115)
Cash at beginning of year 439 501 616
Cash at end of year 857 439 501
Supplemental disclosures of cash flow information      
Cash paid during the year for interest, net of amounts capitalized 2,064 1,503 1,865
Cash paid (received) during the year for income taxes, net 83 (5,911) (1,235)
Non-cash investing and financing activities:      
Contribution of real estate development to equity investment 7,975 0 0
Reduction of net payables to related parties 2,392 0 0
Reduction of note receivable 388 0 0
Capital expenditures accrued but not paid at year-end $ 430 $ 657 $ 4,269