10-Q Filing

DEL MONTE FOODS CO CIK: 866873 Q1 2011

Filing Information

Form Type	10-Q
Accession Number	`0001193125-10-206441`
Period End Date	20100731
Filing Date	20100908
Fiscal Year	2011
Fiscal Period	Q1
XBRL Instance	dlm-20100801.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 60 Income Statement 41 Cash Flow Statement 47

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
Common stock, shares authorized	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$53.70M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$142.70M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$28.90M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$126.30M	USD	Point-in-time
Trade accounts receivable, net of allowance	`AccountsReceivableNetCurrent`	$187.00M	USD	Point-in-time
Common stock, issued	`CommonStockSharesIssued`	218.20M	shares	Point-in-time
Trade accounts receivable, net of allowance	`AccountsReceivableNetCurrent`	$191.30M	USD	Point-in-time
Common stock, issued	`CommonStockSharesIssued`	216.60M	shares	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	194.60M	shares	Point-in-time
Inventories	`InventoryNet`	$843.20M	USD	Point-in-time
Inventories	`InventoryNet`	$726.40M	USD	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	199.20M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$119.00M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$128.50M	USD	Point-in-time
TOTAL CURRENT ASSETS	`AssetsCurrent`	$1.18B	USD	Point-in-time
TOTAL CURRENT ASSETS	`AssetsCurrent`	$1.10B	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$658.80M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$650.00M	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`	$1.16B	USD	Point-in-time
Other assets, net	`OtherAssetsNoncurrent`	$34.40M	USD	Point-in-time
Other assets, net	`OtherAssetsNoncurrent`	$32.80M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$4.29B	USD	Point-in-time
TOTAL ASSETS	`Assets`	$4.36B	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$469.50M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$527.00M	USD	Point-in-time
Short-term borrowings	`ShortTermBorrowings`	$55.70M	USD	Point-in-time
Short-term borrowings	`ShortTermBorrowings`	$5.60M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$30.00M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$30.00M	USD	Point-in-time
TOTAL CURRENT LIABILITIES	`LiabilitiesCurrent`	$505.10M	USD	Point-in-time
TOTAL CURRENT LIABILITIES	`LiabilitiesCurrent`	$612.70M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$1.26B	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$1.25B	USD	Point-in-time
Deferred tax liabilities	`DeferredTaxLiabilitiesNoncurrent`	$441.00M	USD	Point-in-time
Deferred tax liabilities	`DeferredTaxLiabilitiesNoncurrent`	$450.30M	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$268.60M	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$260.20M	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$2.58B	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$2.46B	USD	Point-in-time
Common stock ($0.01 par value per share, shares authorized: 500.0; 218.2 issued and 194.6 outstanding at August 1, 2010 and 216.6 issued and 199.2 outstanding at May 2, 2010)	`CommonStockValue`	$2.20M	USD	Point-in-time
Common stock ($0.01 par value per share, shares authorized: 500.0; 218.2 issued and 194.6 outstanding at August 1, 2010 and 216.6 issued and 199.2 outstanding at May 2, 2010)	`CommonStockValue`	$2.20M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$1.08B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$1.10B	USD	Point-in-time
Treasury stock, at cost	`TreasuryStockValue`	$283.10M	USD	Point-in-time
Treasury stock, at cost	`TreasuryStockValue`	$183.10M	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-59.90M	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-59.80M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$1.02B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$983.10M	USD	Point-in-time
TOTAL STOCKHOLDERS' EQUITY	`StockholdersEquity`	$1.83B	USD	Point-in-time
TOTAL STOCKHOLDERS' EQUITY	`StockholdersEquity`	$1.78B	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$4.29B	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$4.36B	USD	Point-in-time

Income Statement 41 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueNet`	$804.60M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$813.70M	USD	1 Quarter
Cost of products sold	`CostOfGoodsSold`	$553.80M	USD	1 Quarter
Cost of products sold	`CostOfGoodsSold`	$537.90M	USD	1 Quarter
Gross profit	`GrossProfit`	$266.70M	USD	1 Quarter
Gross profit	`GrossProfit`	$259.90M	USD	1 Quarter
Selling, general and administrative expense	`SellingGeneralAndAdministrativeExpense`	$147.30M	USD	1 Quarter
Selling, general and administrative expense	`SellingGeneralAndAdministrativeExpense`	$139.00M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$120.90M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$119.40M	USD	1 Quarter
Interest expense	`InterestExpense`	$24.20M	USD	1 Quarter
Interest expense	`InterestExpense`	$19.70M	USD	1 Quarter
Other expense	`OtherNonoperatingExpense`	$3.60M	USD	1 Quarter
Other expense	`OtherNonoperatingExpense`	$1.90M	USD	1 Quarter
Income from continuing operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$96.10M	USD	1 Quarter
Income from continuing operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$94.80M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$35.90M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$36.20M	USD	1 Quarter
Income from continuing operations	`IncomeLossFromContinuingOperations`	$58.90M	USD	1 Quarter
Income from continuing operations	`IncomeLossFromContinuingOperations`	$59.90M	USD	1 Quarter
Loss from discontinued operations before income taxes	`DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTax`	$-400.00K	USD	1 Quarter
Loss from discontinued operations before income taxes	`DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTax`	$-200.00K	USD	1 Quarter
Provision (benefit) for income taxes	`DiscontinuedOperationTaxEffectOfDiscontinuedOperation`	$300.00K	USD	1 Quarter
Provision (benefit) for income taxes	`DiscontinuedOperationTaxEffectOfDiscontinuedOperation`	$-100.00K	USD	1 Quarter
Loss from discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$-500.00K	USD	1 Quarter
Loss from discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$-300.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$59.40M	USD	1 Quarter
Net income	`NetIncomeLoss`	$58.60M	USD	1 Quarter
Continuing operations	`IncomeLossFromContinuingOperationsPerBasicShare`	$0.30	USD	1 Quarter
Continuing operations	`IncomeLossFromContinuingOperationsPerBasicShare`	$0.30	USD	1 Quarter
Discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare`	-	USD	1 Quarter
Discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare`	-	USD	1 Quarter
Total	`EarningsPerShareBasic`	$0.30	USD	1 Quarter
Total	`EarningsPerShareBasic`	$0.30	USD	1 Quarter
Continuing operations	`IncomeLossFromContinuingOperationsPerDilutedShare`	$0.29	USD	1 Quarter
Continuing operations	`IncomeLossFromContinuingOperationsPerDilutedShare`	$0.30	USD	1 Quarter
Discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare`	$-0.01	USD	1 Quarter
Total	`EarningsPerShareDiluted`	$0.29	USD	1 Quarter
Total	`EarningsPerShareDiluted`	$0.29	USD	1 Quarter
Cash dividends declared per common share	`CommonStockDividendsPerShareDeclared`	$0.05	USD	1 Quarter
Cash dividends declared per common share	`CommonStockDividendsPerShareDeclared`	$0.09	USD	1 Quarter

Cash Flow Statement 47 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$59.40M	USD	1 Quarter
Net income	`NetIncomeLoss`	$58.60M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$24.30M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$23.50M	USD	1 Quarter
Deferred taxes	`DeferredIncomeTaxExpenseBenefit`	$7.20M	USD	1 Quarter
Deferred taxes	`DeferredIncomeTaxExpenseBenefit`	$7.40M	USD	1 Quarter
Loss on asset disposals	`GainLossOnSaleOfPropertyPlantEquipment`	$-200.00K	USD	1 Quarter
Loss on asset disposals	`GainLossOnSaleOfPropertyPlantEquipment`	$-400.00K	USD	1 Quarter
Stock compensation expense	`ShareBasedCompensation`	$2.90M	USD	1 Quarter
Stock compensation expense	`ShareBasedCompensation`	$3.40M	USD	1 Quarter
Excess tax benefits from stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$2.50M	USD	1 Quarter
Other non-cash items, net	`AdjustmentsNoncashItemsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesOther`	$1.60M	USD	1 Quarter
Other non-cash items, net	`AdjustmentsNoncashItemsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesOther`	$4.70M	USD	1 Quarter
Changes in operating assets and liabilities	`IncreaseDecreaseInOperatingCapital`	$71.10M	USD	1 Quarter
Changes in operating assets and liabilities	`IncreaseDecreaseInOperatingCapital`	$46.20M	USD	1 Quarter
NET CASH PROVIDED BY OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$23.90M	USD	1 Quarter
NET CASH PROVIDED BY OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$49.90M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$24.20M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$18.60M	USD	1 Quarter
NET CASH USED IN INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivities`	$-18.60M	USD	1 Quarter
NET CASH USED IN INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivities`	$-24.20M	USD	1 Quarter
Proceeds from short-term borrowings	`ProceedsFromShortTermDebt`	$79.30M	USD	1 Quarter
Proceeds from short-term borrowings	`ProceedsFromShortTermDebt`	$400.00K	USD	1 Quarter
Payments on short-term borrowings	`RepaymentsOfShortTermDebt`	$600.00K	USD	1 Quarter
Payments on short-term borrowings	`RepaymentsOfShortTermDebt`	$29.20M	USD	1 Quarter
Principal payments on long-term debt	`RepaymentsOfLongTermDebt`	$7.50M	USD	1 Quarter
Principal payments on long-term debt	`RepaymentsOfLongTermDebt`	$8.10M	USD	1 Quarter
Dividends paid	`PaymentsOfDividends`	$7.90M	USD	1 Quarter
Dividends paid	`PaymentsOfDividends`	$10.00M	USD	1 Quarter
Issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$9.60M	USD	1 Quarter
Issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$300.00K	USD	1 Quarter
Purchase of treasury stock	`PaymentsForRepurchaseOfCommonStock`	$100.00M	USD	1 Quarter
Excess tax benefits from stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$2.50M	USD	1 Quarter
NET CASH USED IN FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$-55.30M	USD	1 Quarter
NET CASH USED IN FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$-15.90M	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-800.00K	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-200.00K	USD	1 Quarter
NET CHANGE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-24.80M	USD	1 Quarter
NET CHANGE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-16.40M	USD	1 Quarter
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$53.70M	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`	$28.90M	USD	Point-in-time
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$126.30M	USD	Point-in-time
CASH AND CASH EQUIVALENTS AT END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$53.70M	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`	$28.90M	USD	Point-in-time
CASH AND CASH EQUIVALENTS AT END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$126.30M	USD	Point-in-time

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