10-Q Filing

DEL MONTE FOODS CO CIK: 866873 Q2 2011

Filing Information

Form Type	10-Q
Accession Number	`0001193125-10-275667`
Period End Date	20101031
Filing Date	20101207
Fiscal Year	2011
Fiscal Period	Q2
XBRL Instance	dlm-20101031.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 60 Income Statement 77 Cash Flow Statement 54

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`	$18.90M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$142.70M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$20.20M	USD	Point-in-time
Common stock, issued	`CommonStockSharesIssued`	219.20M	shares	Point-in-time
Common stock, issued	`CommonStockSharesIssued`	216.60M	shares	Point-in-time
Trade accounts receivable, net of allowance	`AccountsReceivableNetCurrent`	$257.30M	USD	Point-in-time
Trade accounts receivable, net of allowance	`AccountsReceivableNetCurrent`	$187.00M	USD	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	199.20M	shares	Point-in-time
Inventories	`InventoryNet`	$726.40M	USD	Point-in-time
Inventories	`InventoryNet`	$1.07B	USD	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	194.70M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$128.50M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$135.90M	USD	Point-in-time
TOTAL CURRENT ASSETS	`AssetsCurrent`	$1.10B	USD	Point-in-time
TOTAL CURRENT ASSETS	`AssetsCurrent`	$1.48B	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$658.80M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$643.90M	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`	$30.30M	USD	Point-in-time
Other assets, net	`OtherAssetsNoncurrent`	$34.40M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$4.65B	USD	Point-in-time
TOTAL ASSETS	`Assets`	$4.29B	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$571.60M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$469.50M	USD	Point-in-time
Short-term borrowings	`ShortTermBorrowings`	$5.60M	USD	Point-in-time
Short-term borrowings	`ShortTermBorrowings`	$221.90M	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`	$823.50M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$1.24B	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$1.26B	USD	Point-in-time
Deferred tax liabilities	`DeferredTaxLiabilitiesNoncurrent`	$455.20M	USD	Point-in-time
Deferred tax liabilities	`DeferredTaxLiabilitiesNoncurrent`	$441.00M	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$260.20M	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$275.80M	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$2.80B	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; 219.2 issued and 194.7 outstanding at October 31, 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; 219.2 issued and 194.7 outstanding at October 31, 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`	$1.11B	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`	$-59.80M	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-58.20M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$983.10M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$1.09B	USD	Point-in-time
TOTAL STOCKHOLDERS' EQUITY	`StockholdersEquity`	$1.83B	USD	Point-in-time
TOTAL STOCKHOLDERS' EQUITY	`StockholdersEquity`	$1.86B	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$4.29B	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$4.65B	USD	Point-in-time

Income Statement 77 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueNet`	$940.90M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$1.77B	USD	2 Qtrs
Net sales	`SalesRevenueNet`	$958.90M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$1.75B	USD	2 Qtrs
Cost of products sold	`CostOfGoodsSold`	$1.17B	USD	2 Qtrs
Cost of products sold	`CostOfGoodsSold`	$649.70M	USD	1 Quarter
Cost of products sold	`CostOfGoodsSold`	$1.20B	USD	2 Qtrs
Cost of products sold	`CostOfGoodsSold`	$631.40M	USD	1 Quarter
Gross profit	`GrossProfit`	$309.50M	USD	1 Quarter
Gross profit	`GrossProfit`	$309.20M	USD	1 Quarter
Gross profit	`GrossProfit`	$576.20M	USD	2 Qtrs
Gross profit	`GrossProfit`	$569.10M	USD	2 Qtrs
Selling, general and administrative expense	`SellingGeneralAndAdministrativeExpense`	$168.60M	USD	1 Quarter
Selling, general and administrative expense	`SellingGeneralAndAdministrativeExpense`	$307.60M	USD	2 Qtrs
Selling, general and administrative expense	`SellingGeneralAndAdministrativeExpense`	$161.50M	USD	1 Quarter
Selling, general and administrative expense	`SellingGeneralAndAdministrativeExpense`	$308.80M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$148.00M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$261.50M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$140.60M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$267.40M	USD	2 Qtrs
Interest expense	`InterestExpense`	$65.20M	USD	2 Qtrs
Interest expense	`InterestExpense`	$20.00M	USD	1 Quarter
Interest expense	`InterestExpense`	$39.70M	USD	2 Qtrs
Interest expense	`InterestExpense`	$41.00M	USD	1 Quarter
Other (income) expense	`OtherNonoperatingIncomeExpense`	$-2.70M	USD	2 Qtrs
Other (income) expense	`OtherNonoperatingIncomeExpense`	$2.00M	USD	1 Quarter
Other (income) expense	`OtherNonoperatingIncomeExpense`	$-800.00K	USD	1 Quarter
Other (income) expense	`OtherNonoperatingIncomeExpense`	$-1.60M	USD	2 Qtrs
Income from continuing operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$193.60M	USD	2 Qtrs
Income from continuing operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$130.00M	USD	1 Quarter
Income from continuing operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$226.10M	USD	2 Qtrs
Income from continuing operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$98.80M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$85.10M	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$72.10M	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$48.90M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$36.20M	USD	1 Quarter
Income from continuing operations	`IncomeLossFromContinuingOperations`	$81.10M	USD	1 Quarter
Income from continuing operations	`IncomeLossFromContinuingOperations`	$141.00M	USD	2 Qtrs
Income from continuing operations	`IncomeLossFromContinuingOperations`	$121.50M	USD	2 Qtrs
Income from continuing operations	`IncomeLossFromContinuingOperations`	$62.60M	USD	1 Quarter
Loss from discontinued operations before income taxes	`DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTax`	$-500.00K	USD	2 Qtrs
Loss from discontinued operations before income taxes	`DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTax`	$-200.00K	USD	2 Qtrs
Loss from discontinued operations before income taxes	`DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTax`	$-100.00K	USD	1 Quarter
Provision (benefit) for income taxes	`DiscontinuedOperationTaxEffectOfDiscontinuedOperation`	$-100.00K	USD	1 Quarter
Provision (benefit) for income taxes	`DiscontinuedOperationTaxEffectOfDiscontinuedOperation`	$-200.00K	USD	2 Qtrs
Provision (benefit) for income taxes	`DiscontinuedOperationTaxEffectOfDiscontinuedOperation`	$300.00K	USD	2 Qtrs
Loss from discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$-500.00K	USD	2 Qtrs
Loss from discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$-300.00K	USD	2 Qtrs
Net income	`NetIncomeLoss`	$81.10M	USD	1 Quarter
Net income	`NetIncomeLoss`	$140.50M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$62.60M	USD	1 Quarter
Net income	`NetIncomeLoss`	$121.20M	USD	2 Qtrs
Continuing operations	`IncomeLossFromContinuingOperationsPerBasicShare`	$0.61	USD	2 Qtrs
Continuing operations	`IncomeLossFromContinuingOperationsPerBasicShare`	$0.42	USD	1 Quarter
Continuing operations	`IncomeLossFromContinuingOperationsPerBasicShare`	$0.31	USD	1 Quarter
Continuing operations	`IncomeLossFromContinuingOperationsPerBasicShare`	$0.72	USD	2 Qtrs
Discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare`	-	USD	1 Quarter
Discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare`	-	USD	2 Qtrs
Discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare`	-	USD	1 Quarter
Discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare`	-	USD	2 Qtrs
Total	`EarningsPerShareBasic`	$0.61	USD	2 Qtrs
Total	`EarningsPerShareBasic`	$0.42	USD	1 Quarter
Total	`EarningsPerShareBasic`	$0.31	USD	1 Quarter
Total	`EarningsPerShareBasic`	$0.72	USD	2 Qtrs
Continuing operations	`IncomeLossFromContinuingOperationsPerDilutedShare`	$0.61	USD	2 Qtrs
Continuing operations	`IncomeLossFromContinuingOperationsPerDilutedShare`	$0.31	USD	1 Quarter
Continuing operations	`IncomeLossFromContinuingOperationsPerDilutedShare`	$0.41	USD	1 Quarter
Continuing operations	`IncomeLossFromContinuingOperationsPerDilutedShare`	$0.70	USD	2 Qtrs
Discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare`	$-0.01	USD	2 Qtrs
Total	`EarningsPerShareDiluted`	$0.70	USD	2 Qtrs
Total	`EarningsPerShareDiluted`	$0.41	USD	1 Quarter
Total	`EarningsPerShareDiluted`	$0.31	USD	1 Quarter
Total	`EarningsPerShareDiluted`	$0.60	USD	2 Qtrs
Cash dividends declared per common share	`CommonStockDividendsPerShareDeclared`	$0.09	USD	1 Quarter
Cash dividends declared per common share	`CommonStockDividendsPerShareDeclared`	$0.10	USD	2 Qtrs
Cash dividends declared per common share	`CommonStockDividendsPerShareDeclared`	$0.18	USD	2 Qtrs
Cash dividends declared per common share	`CommonStockDividendsPerShareDeclared`	$0.05	USD	1 Quarter

Cash Flow Statement 54 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$81.10M	USD	1 Quarter
Net income	`NetIncomeLoss`	$140.50M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$62.60M	USD	1 Quarter
Net income	`NetIncomeLoss`	$121.20M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$47.70M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$49.40M	USD	2 Qtrs
Deferred taxes	`DeferredIncomeTaxExpenseBenefit`	$27.30M	USD	2 Qtrs
Deferred taxes	`DeferredIncomeTaxExpenseBenefit`	$24.30M	USD	2 Qtrs
Write off of debt issuance cost and loss on debt refinancing	`GainsLossesOnExtinguishmentOfDebt`	$16.60M	USD	2 Qtrs
Loss on asset disposals	`GainLossOnSaleOfPropertyPlantEquipment`	$-600.00K	USD	2 Qtrs
Loss on asset disposals	`GainLossOnSaleOfPropertyPlantEquipment`	$-1.00M	USD	2 Qtrs
Stock compensation expense	`ShareBasedCompensation`	$6.90M	USD	2 Qtrs
Stock compensation expense	`ShareBasedCompensation`	$7.10M	USD	2 Qtrs
Excess tax benefits from stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$3.80M	USD	2 Qtrs
Other non-cash items, net	`AdjustmentsNoncashItemsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesOther`	$4.50M	USD	2 Qtrs
Other non-cash items, net	`AdjustmentsNoncashItemsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesOther`	$4.60M	USD	2 Qtrs
Changes in operating assets and liabilities	`IncreaseDecreaseInOperatingCapital`	$312.70M	USD	2 Qtrs
Changes in operating assets and liabilities	`IncreaseDecreaseInOperatingCapital`	$311.10M	USD	2 Qtrs
NET CASH USED IN OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$-88.50M	USD	2 Qtrs
NET CASH USED IN OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$-87.40M	USD	2 Qtrs
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$33.60M	USD	2 Qtrs
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$45.70M	USD	2 Qtrs
NET CASH USED IN INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivities`	$-45.70M	USD	2 Qtrs
NET CASH USED IN INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivities`	$-33.60M	USD	2 Qtrs
Proceeds from short-term borrowings	`ProceedsFromShortTermDebt`	$389.80M	USD	2 Qtrs
Proceeds from short-term borrowings	`ProceedsFromShortTermDebt`	$143.00M	USD	2 Qtrs
Payments on short-term borrowings	`RepaymentsOfShortTermDebt`	$173.50M	USD	2 Qtrs
Payments on short-term borrowings	`RepaymentsOfShortTermDebt`	$81.00M	USD	2 Qtrs
Proceeds from long-term borrowings	`ProceedsFromIssuanceOfLongTermDebt`	$442.30M	USD	2 Qtrs
Principal payments on long-term debt	`RepaymentsOfLongTermDebt`	$456.70M	USD	2 Qtrs
Principal payments on long-term debt	`RepaymentsOfLongTermDebt`	$15.00M	USD	2 Qtrs
Payments of debt-related costs	`PaymentsOfFinancingCosts`	$24.40M	USD	2 Qtrs
Dividends paid	`PaymentsOfDividends`	$27.50M	USD	2 Qtrs
Dividends paid	`PaymentsOfDividends`	$17.80M	USD	2 Qtrs
Issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$2.80M	USD	2 Qtrs
Issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$17.20M	USD	2 Qtrs
Purchase of treasury stock	`PaymentsForRepurchaseOfCommonStock`	$100.00M	USD	2 Qtrs
Taxes remitted on behalf of employees for net share settlement of stock awards	`RemittedTaxesOnEmployeeBehalfForStockAwardSettlements`	$-5.90M	USD	2 Qtrs
Excess tax benefits from stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$600.00K	USD	2 Qtrs
Excess tax benefits from stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$3.80M	USD	2 Qtrs
NET CASH PROVIDED BY FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$8.80M	USD	2 Qtrs
NET CASH PROVIDED BY FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$88.90M	USD	2 Qtrs
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-300.00K	USD	2 Qtrs
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$500.00K	USD	2 Qtrs
NET CHANGE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-123.80M	USD	2 Qtrs
NET CHANGE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-33.50M	USD	2 Qtrs
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$53.70M	USD	Point-in-time
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$18.90M	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`	$20.20M	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`	$18.90M	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`	$20.20M	USD	Point-in-time

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