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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended 12 Months Ended
Jul. 31, 2023
Jan. 31, 2023
Jul. 31, 2022
Jan. 31, 2022
Jul. 31, 2023
Jul. 31, 2022
Oct. 31, 2022
Operating activities              
Net income $ (1,250) $ 15,534 $ 7,325 $ (6,606) $ 12,654 $ 2,291  
Adjustments to reconcile net income to net cash (used in) provided by operating activities:              
Depreciation and amortization 2,019   2,469   6,510 7,432  
(Gain) loss on disposal of assets, net         (29,199) 503  
Gain on legal settlement         (853) 0  
Stock compensation expense         2,785 1,993  
Non-cash lease expense         1,226 323  
Equity in earnings of investments, net (199)   (331)   (514) (681)  
Cash distributions from equity investments         220 132  
Deferred income taxes         5,537 1,385  
Other, net         161 816  
Changes in operating assets and liabilities:              
Accounts receivable and receivables/other from related parties         (3,881) (1,260)  
Cultural costs         2,175 1,168  
Prepaid expenses and other current assets         (336) (4,181)  
Income taxes payable         (330) 0  
Other assets         19 3  
Accounts payable and growers and suppliers payable         (4,442) (424)  
Accrued liabilities and payables to related parties         (3,073) 1,612  
Other long-term liabilities         (1,247) (193)  
Net cash (used in) provided by operating activities         (12,588) 10,919  
Investing activities              
Capital expenditures         (8,960) (7,673)  
Net proceeds from sales of assets         98,526 110  
Net proceeds from legal settlement         853 0  
Net proceeds from sale of real estate development assets         2,577 0  
Cash distribution from Trapani Fresh         82 0  
Collection on notes receivable         66 2,755  
Equity investment contributions         (275) 0  
Investments in mutual water companies and water rights         (511) (494)  
Net cash provided by (used in) investing activities         92,358 (5,302)  
Financing activities              
Borrowings of long-term debt         57,940 119,204  
Repayments of long-term debt         (122,827) (119,327)  
Proceeds from equipment financings         0 1,020  
Principal paid on finance lease and equipment financings         (323) (271)  
Dividends paid – common         (4,034) (3,978)  
Dividends paid – preferred         (376) (376)  
Exchange of common stock         (26) (1,086)  
Net cash used in financing activities         (69,646) (4,814)  
Effect of exchange rate changes on cash         26 (247)  
Net increase in cash         10,150 556  
Cash at beginning of period   $ 857   $ 439 857 439 $ 439
Cash at end of period $ 11,007   $ 995   11,007 995 $ 857
Supplemental disclosures of cash flow information              
Cash paid during the period for interest (net of amounts capitalized)         592 1,108  
Cash paid during the period for income taxes         330 0  
Non-cash investing and financing activities:              
Capital expenditures accrued but not paid at period-end         $ 0 $ 359