10-Q Filing

DEL MONTE FOODS CO CIK: 866873 Q3 2010

Filing Information

Form Type	10-Q
Accession Number	`0001193125-10-052571`
Period End Date	20100131
Filing Date	20100310
Fiscal Year	2010
Fiscal Period	Q3
XBRL Instance	dlm-20100131.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 60 Income Statement 80 Cash Flow Statement 58

Balance Sheet 60 line items

Line Item	Tag	Value	Unit	Period
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$12.50M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$17.90M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$142.70M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$25.70M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Trade accounts receivable, net of allowance	`AccountsReceivableNetCurrent`	$188.50M	USD	Point-in-time
Trade accounts receivable, net of allowance	`AccountsReceivableNetCurrent`	$215.30M	USD	Point-in-time
Common stock, issued	`CommonStockSharesIssued`	215.10M	shares	Point-in-time
Common stock, issued	`CommonStockSharesIssued`	215.70M	shares	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	197.70M	shares	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	198.30M	shares	Point-in-time
Inventories	`InventoryNet`	$885.80M	USD	Point-in-time
Inventories	`InventoryNet`	$677.40M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseCurrent`	$138.60M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseCurrent`	$93.30M	USD	Point-in-time
TOTAL CURRENT ASSETS	`AssetsCurrent`	$1.15B	USD	Point-in-time
TOTAL CURRENT ASSETS	`AssetsCurrent`	$1.21B	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$636.40M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$642.60M	USD	Point-in-time
Goodwill	`Goodwill`	$1.34B	USD	Point-in-time
Goodwill	`Goodwill`	$1.34B	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$1.16B	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$1.17B	USD	Point-in-time
Other assets, net	`OtherAssetsNoncurrent`	$35.50M	USD	Point-in-time
Other assets, net	`OtherAssetsNoncurrent`	$22.30M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$4.39B	USD	Point-in-time
TOTAL ASSETS	`Assets`	$4.32B	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$565.10M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$472.40M	USD	Point-in-time
Short-term borrowings	`ShortTermBorrowings`	$42.90M	USD	Point-in-time
Short-term borrowings	`ShortTermBorrowings`	$2.30M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$32.30M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$30.00M	USD	Point-in-time
TOTAL CURRENT LIABILITIES	`LiabilitiesCurrent`	$638.00M	USD	Point-in-time
TOTAL CURRENT LIABILITIES	`LiabilitiesCurrent`	$507.00M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$1.26B	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$1.53B	USD	Point-in-time
Deferred tax liabilities	`DeferredTaxLiabilitiesNoncurrent`	$446.80M	USD	Point-in-time
Deferred tax liabilities	`DeferredTaxLiabilitiesNoncurrent`	$390.50M	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$245.40M	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$291.40M	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$2.71B	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$2.59B	USD	Point-in-time
Common stock ($0.01 par value per share, shares authorized: 500.0; 215.7 issued and 198.3 outstanding at January 31, 2010 and 215.1 issued and 197.7 outstanding at May 3, 2009)	`CommonStockValue`	$2.10M	USD	Point-in-time
Common stock ($0.01 par value per share, shares authorized: 500.0; 215.7 issued and 198.3 outstanding at January 31, 2010 and 215.1 issued and 197.7 outstanding at May 3, 2009)	`CommonStockValue`	$2.20M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$1.07B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$1.05B	USD	Point-in-time
Treasury stock, at cost	`TreasuryStockValue`	$183.10M	USD	Point-in-time
Treasury stock, at cost	`TreasuryStockValue`	$183.10M	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-38.40M	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-24.40M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$929.30M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$778.40M	USD	Point-in-time
TOTAL STOCKHOLDERS' EQUITY	`StockholdersEquity`	$1.61B	USD	Point-in-time
TOTAL STOCKHOLDERS' EQUITY	`StockholdersEquity`	$1.79B	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$4.32B	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$4.39B	USD	Point-in-time

Income Statement 80 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueNet`	$2.79B	USD	3 Qtrs
Net sales	`SalesRevenueNet`	$1.01B	USD	1 Quarter
Net sales	`SalesRevenueNet`	$942.30M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$2.57B	USD	3 Qtrs
Cost of products sold	`CostOfGoodsSold`	$677.20M	USD	1 Quarter
Cost of products sold	`CostOfGoodsSold`	$1.89B	USD	3 Qtrs
Cost of products sold	`CostOfGoodsSold`	$659.80M	USD	1 Quarter
Cost of products sold	`CostOfGoodsSold`	$1.88B	USD	3 Qtrs
Gross profit	`GrossProfit`	$676.40M	USD	3 Qtrs
Gross profit	`GrossProfit`	$282.50M	USD	1 Quarter
Gross profit	`GrossProfit`	$336.00M	USD	1 Quarter
Gross profit	`GrossProfit`	$905.10M	USD	3 Qtrs
Selling, general and administrative expense	`SellingGeneralAndAdministrativeExpense`	$197.60M	USD	1 Quarter
Selling, general and administrative expense	`SellingGeneralAndAdministrativeExpense`	$505.20M	USD	3 Qtrs
Selling, general and administrative expense	`SellingGeneralAndAdministrativeExpense`	$149.00M	USD	1 Quarter
Selling, general and administrative expense	`SellingGeneralAndAdministrativeExpense`	$450.10M	USD	3 Qtrs
Operating income	`OperatingIncomeLoss`	$226.30M	USD	3 Qtrs
Operating income	`OperatingIncomeLoss`	$399.90M	USD	3 Qtrs
Operating income	`OperatingIncomeLoss`	$133.50M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$138.40M	USD	1 Quarter
Interest expense	`InterestExpense`	$31.70M	USD	1 Quarter
Interest expense	`InterestExpense`	$27.40M	USD	1 Quarter
Interest expense	`InterestExpense`	$85.10M	USD	3 Qtrs
Interest expense	`InterestExpense`	$96.90M	USD	3 Qtrs
Other expense	`OtherNonoperatingExpense`	$18.20M	USD	3 Qtrs
Other expense	`OtherNonoperatingExpense`	$15.50M	USD	1 Quarter
Other expense	`OtherNonoperatingExpense`	$18.80M	USD	3 Qtrs
Other expense	`OtherNonoperatingExpense`	$7.90M	USD	1 Quarter
Income from continuing operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$98.20M	USD	1 Quarter
Income from continuing operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$284.80M	USD	3 Qtrs
Income from continuing operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$91.20M	USD	1 Quarter
Income from continuing operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$122.40M	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$106.10M	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$43.50M	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$38.60M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$34.00M	USD	1 Quarter
Income from continuing operations	`IncomeLossFromContinuingOperations`	$178.70M	USD	3 Qtrs
Income from continuing operations	`IncomeLossFromContinuingOperations`	$59.60M	USD	1 Quarter
Income from continuing operations	`IncomeLossFromContinuingOperations`	$78.90M	USD	3 Qtrs
Income from continuing operations	`IncomeLossFromContinuingOperations`	$57.20M	USD	1 Quarter
Income (loss) from discontinued operations before income taxes	`DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTax`	$34.40M	USD	3 Qtrs
Income (loss) from discontinued operations before income taxes	`DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTax`	$1.40M	USD	1 Quarter
Income (loss) from discontinued operations before income taxes	`DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTax`	$-5.30M	USD	1 Quarter
Income (loss) from discontinued operations before income taxes	`DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTax`	$900.00K	USD	3 Qtrs
Provision (benefit) for income taxes	`DiscontinuedOperationTaxEffectOfDiscontinuedOperation`	$-800.00K	USD	1 Quarter
Provision (benefit) for income taxes	`DiscontinuedOperationTaxEffectOfDiscontinuedOperation`	$12.50M	USD	3 Qtrs
Provision (benefit) for income taxes	`DiscontinuedOperationTaxEffectOfDiscontinuedOperation`	$-6.20M	USD	1 Quarter
Provision (benefit) for income taxes	`DiscontinuedOperationTaxEffectOfDiscontinuedOperation`	$-1.00M	USD	3 Qtrs
Income from discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$2.20M	USD	1 Quarter
Income from discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$900.00K	USD	1 Quarter
Income from discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$1.90M	USD	3 Qtrs
Income from discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$21.90M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$100.80M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$59.40M	USD	1 Quarter
Net income	`NetIncomeLoss`	$60.50M	USD	1 Quarter
Net income	`NetIncomeLoss`	$180.60M	USD	3 Qtrs
Continuing operations	`IncomeLossFromContinuingOperationsPerBasicShare`	$0.40	USD	3 Qtrs
Continuing operations	`IncomeLossFromContinuingOperationsPerBasicShare`	$0.29	USD	1 Quarter
Continuing operations	`IncomeLossFromContinuingOperationsPerBasicShare`	$0.30	USD	1 Quarter
Continuing operations	`IncomeLossFromContinuingOperationsPerBasicShare`	$0.90	USD	3 Qtrs
Discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare`	$0.11	USD	3 Qtrs
Discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare`	$0.01	USD	1 Quarter
Discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare`	-	USD	1 Quarter
Discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare`	$0.01	USD	3 Qtrs
Total	`EarningsPerShareBasic`	$0.91	USD	3 Qtrs
Total	`EarningsPerShareBasic`	$0.51	USD	3 Qtrs
Total	`EarningsPerShareBasic`	$0.30	USD	1 Quarter
Total	`EarningsPerShareBasic`	$0.30	USD	1 Quarter
Continuing operations	`IncomeLossFromContinuingOperationsPerDilutedShare`	$0.40	USD	3 Qtrs
Continuing operations	`IncomeLossFromContinuingOperationsPerDilutedShare`	$0.30	USD	1 Quarter
Continuing operations	`IncomeLossFromContinuingOperationsPerDilutedShare`	$0.89	USD	3 Qtrs
Continuing operations	`IncomeLossFromContinuingOperationsPerDilutedShare`	$0.28	USD	1 Quarter
Discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare`	-	USD	1 Quarter
Discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare`	$0.11	USD	3 Qtrs
Discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare`	$0.01	USD	1 Quarter
Discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare`	$0.01	USD	3 Qtrs
Total	`EarningsPerShareDiluted`	$0.51	USD	3 Qtrs
Total	`EarningsPerShareDiluted`	$0.30	USD	1 Quarter
Total	`EarningsPerShareDiluted`	$0.29	USD	1 Quarter
Total	`EarningsPerShareDiluted`	$0.90	USD	3 Qtrs

Cash Flow Statement 58 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$100.80M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$59.40M	USD	1 Quarter
Net income	`NetIncomeLoss`	$60.50M	USD	1 Quarter
Net income	`NetIncomeLoss`	$180.60M	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$74.00M	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$77.50M	USD	3 Qtrs
Deferred taxes	`DeferredIncomeTaxExpenseBenefit`	$7.50M	USD	3 Qtrs
Deferred taxes	`DeferredIncomeTaxExpenseBenefit`	$35.10M	USD	3 Qtrs
Write off of debt issuance cost and loss on debt refinancing	`GainsLossesOnExtinguishmentOfDebt`	-	USD	3 Qtrs
Write off of debt issuance cost and loss on debt refinancing	`GainsLossesOnExtinguishmentOfDebt`	$-24.80M	USD	3 Qtrs
(Gain) loss on asset disposals	`GainLossOnSaleOfPropertyPlantEquipment`	$27.40M	USD	3 Qtrs
(Gain) loss on asset disposals	`GainLossOnSaleOfPropertyPlantEquipment`	$-1.20M	USD	3 Qtrs
Stock compensation expense	`ShareBasedCompensation`	$15.30M	USD	3 Qtrs
Stock compensation expense	`ShareBasedCompensation`	$8.10M	USD	3 Qtrs
Discontinuation of hedge accounting for interest rate swap	`DiscontinuationOfHedgeAccountingForInterestRateSwap`	-	USD	3 Qtrs
Discontinuation of hedge accounting for interest rate swap	`DiscontinuationOfHedgeAccountingForInterestRateSwap`	$13.40M	USD	3 Qtrs
Other non-cash items, net	`AdjustmentsNoncashItemsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesOther`	$2.70M	USD	3 Qtrs
Other non-cash items, net	`AdjustmentsNoncashItemsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesOther`	$5.50M	USD	3 Qtrs
Changes in operating assets and liabilities	`IncreaseDecreaseInOperatingCapital`	$115.70M	USD	3 Qtrs
Changes in operating assets and liabilities	`IncreaseDecreaseInOperatingCapital`	$258.10M	USD	3 Qtrs
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$234.20M	USD	3 Qtrs
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$-88.90M	USD	3 Qtrs
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$65.60M	USD	3 Qtrs
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$55.50M	USD	3 Qtrs
Net proceeds from disposal of assets	`ProceedsFromSaleOfProductiveAssets`	$343.10M	USD	3 Qtrs
Net proceeds from disposal of assets	`ProceedsFromSaleOfProductiveAssets`	-	USD	3 Qtrs
NET CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivities`	$-65.60M	USD	3 Qtrs
NET CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivities`	$287.60M	USD	3 Qtrs
Proceeds from short-term borrowings	`ProceedsFromShortTermDebt`	$194.30M	USD	3 Qtrs
Proceeds from short-term borrowings	`ProceedsFromShortTermDebt`	$501.60M	USD	3 Qtrs
Payments on short-term borrowings	`RepaymentsOfShortTermDebt`	$364.80M	USD	3 Qtrs
Payments on short-term borrowings	`RepaymentsOfShortTermDebt`	$152.50M	USD	3 Qtrs
Proceeds from long-term borrowings	`ProceedsFromIssuanceOfLongTermDebt`	-	USD	3 Qtrs
Proceeds from long-term borrowings	`ProceedsFromIssuanceOfLongTermDebt`	$1.04B	USD	3 Qtrs
Principal payments on long-term debt	`RepaymentsOfLongTermDebt`	$1.31B	USD	3 Qtrs
Principal payments on long-term debt	`RepaymentsOfLongTermDebt`	$327.20M	USD	3 Qtrs
Payment of debt-related costs	`PaymentsOfFinancingCosts`	$43.60M	USD	3 Qtrs
Payment of debt-related costs	`PaymentsOfFinancingCosts`	-	USD	3 Qtrs
Dividends paid	`PaymentsOfDividends`	$23.70M	USD	3 Qtrs
Dividends paid	`PaymentsOfDividends`	$27.70M	USD	3 Qtrs
Issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$2.80M	USD	3 Qtrs
Issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$2.10M	USD	3 Qtrs
Excess tax benefits from stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$600.00K	USD	3 Qtrs
Excess tax benefits from stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	-	USD	3 Qtrs
NET CASH USED IN FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$-212.00M	USD	3 Qtrs
NET CASH USED IN FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$-292.10M	USD	3 Qtrs
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$100.00K	USD	3 Qtrs
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-1.30M	USD	3 Qtrs
NET CHANGE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-13.20M	USD	3 Qtrs
NET CHANGE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-124.80M	USD	3 Qtrs
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$12.50M	USD	Point-in-time
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$17.90M	USD	Point-in-time
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$142.70M	USD	Point-in-time
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$25.70M	USD	Point-in-time
CASH AND CASH EQUIVALENTS AT END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$12.50M	USD	Point-in-time
CASH AND CASH EQUIVALENTS AT END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$17.90M	USD	Point-in-time
CASH AND CASH EQUIVALENTS AT END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$142.70M	USD	Point-in-time
CASH AND CASH EQUIVALENTS AT END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$25.70M	USD	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.