10-Q Filing

DEL MONTE FOODS CO CIK: 866873 Q3 2011

Filing Information

Form Type	10-Q
Accession Number	`0001193125-11-056135`
Period End Date	20110131
Filing Date	20110304
Fiscal Year	2011
Fiscal Period	Q3
XBRL Instance	dlm-20110130.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 60 Income Statement 84 Cash Flow Statement 55

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`	$74.00M	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
Common stock, shares authorized	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$142.70M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$53.70M	USD	Point-in-time
Trade accounts receivable, net of allowance	`AccountsReceivableNetCurrent`	$242.70M	USD	Point-in-time
Trade accounts receivable, net of allowance	`AccountsReceivableNetCurrent`	$187.00M	USD	Point-in-time
Common stock, issued	`CommonStockSharesIssued`	216.60M	shares	Point-in-time
Common stock, issued	`CommonStockSharesIssued`	223.80M	shares	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	199.40M	shares	Point-in-time
Inventories	`InventoryNet`	$881.10M	USD	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	199.20M	shares	Point-in-time
Inventories	`InventoryNet`	$726.40M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$128.50M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$99.40M	USD	Point-in-time
TOTAL CURRENT ASSETS	`AssetsCurrent`	$1.30B	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`	$647.20M	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`	$35.60M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$4.29B	USD	Point-in-time
TOTAL ASSETS	`Assets`	$4.48B	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$483.30M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$469.50M	USD	Point-in-time
Short-term borrowings	`ShortTermBorrowings`	$12.00M	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`	$525.30M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$1.23B	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$1.26B	USD	Point-in-time
Deferred tax liabilities	`DeferredTaxLiabilitiesNoncurrent`	$441.00M	USD	Point-in-time
Deferred tax liabilities	`DeferredTaxLiabilitiesNoncurrent`	$462.80M	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$260.20M	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$267.70M	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$2.46B	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$2.49B	USD	Point-in-time
Common stock ($0.01 par value per share, shares authorized: 500.0; 223.8 issued and 199.4 outstanding at January 30, 2011 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; 223.8 issued and 199.4 outstanding at January 30, 2011 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`	$1.17B	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`	$-56.80M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$1.16B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$983.10M	USD	Point-in-time
TOTAL STOCKHOLDERS' EQUITY	`StockholdersEquity`	$1.99B	USD	Point-in-time
TOTAL STOCKHOLDERS' EQUITY	`StockholdersEquity`	$1.83B	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$4.48B	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$4.29B	USD	Point-in-time

Income Statement 84 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueNet`	$2.79B	USD	3 Qtrs
Net sales	`SalesRevenueNet`	$969.40M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$1.01B	USD	1 Quarter
Net sales	`SalesRevenueNet`	$2.71B	USD	3 Qtrs
Cost of products sold	`CostOfGoodsSold`	$677.20M	USD	1 Quarter
Cost of products sold	`CostOfGoodsSold`	$1.88B	USD	3 Qtrs
Cost of products sold	`CostOfGoodsSold`	$1.83B	USD	3 Qtrs
Cost of products sold	`CostOfGoodsSold`	$664.70M	USD	1 Quarter
Gross profit	`GrossProfit`	$336.00M	USD	1 Quarter
Gross profit	`GrossProfit`	$880.90M	USD	3 Qtrs
Gross profit	`GrossProfit`	$905.10M	USD	3 Qtrs
Gross profit	`GrossProfit`	$304.70M	USD	1 Quarter
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`	$468.10M	USD	3 Qtrs
Selling, general and administrative expense	`SellingGeneralAndAdministrativeExpense`	$159.30M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$145.40M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$412.80M	USD	3 Qtrs
Operating income	`OperatingIncomeLoss`	$399.90M	USD	3 Qtrs
Operating income	`OperatingIncomeLoss`	$138.40M	USD	1 Quarter
Interest expense	`InterestExpense`	$18.80M	USD	1 Quarter
Interest expense	`InterestExpense`	$58.50M	USD	3 Qtrs
Interest expense	`InterestExpense`	$96.90M	USD	3 Qtrs
Interest expense	`InterestExpense`	$31.70M	USD	1 Quarter
Other (income) expense	`OtherNonoperatingIncomeExpense`	$4.20M	USD	3 Qtrs
Other (income) expense	`OtherNonoperatingIncomeExpense`	$5.80M	USD	1 Quarter
Other (income) expense	`OtherNonoperatingIncomeExpense`	$-15.50M	USD	1 Quarter
Other (income) expense	`OtherNonoperatingIncomeExpense`	$-18.20M	USD	3 Qtrs
Income from continuing operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$91.20M	USD	1 Quarter
Income from continuing operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$284.80M	USD	3 Qtrs
Income from continuing operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$132.40M	USD	1 Quarter
Income from continuing operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$358.50M	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$133.30M	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$48.20M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$34.00M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$106.10M	USD	3 Qtrs
Income from continuing operations	`IncomeLossFromContinuingOperations`	$225.20M	USD	3 Qtrs
Income from continuing operations	`IncomeLossFromContinuingOperations`	$84.20M	USD	1 Quarter
Income from continuing operations	`IncomeLossFromContinuingOperations`	$57.20M	USD	1 Quarter
Income from continuing operations	`IncomeLossFromContinuingOperations`	$178.70M	USD	3 Qtrs
Income from discontinued operations before income taxes	`DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTax`	$1.00M	USD	1 Quarter
Income from discontinued operations before income taxes	`DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTax`	$1.40M	USD	1 Quarter
Income from discontinued operations before income taxes	`DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTax`	$900.00K	USD	3 Qtrs
Income from discontinued operations before income taxes	`DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTax`	$800.00K	USD	3 Qtrs
Benefit for income taxes	`DiscontinuedOperationTaxEffectOfDiscontinuedOperation`	$-1.90M	USD	1 Quarter
Benefit for income taxes	`DiscontinuedOperationTaxEffectOfDiscontinuedOperation`	$-1.00M	USD	3 Qtrs
Benefit for income taxes	`DiscontinuedOperationTaxEffectOfDiscontinuedOperation`	$-1.60M	USD	3 Qtrs
Benefit for income taxes	`DiscontinuedOperationTaxEffectOfDiscontinuedOperation`	$-800.00K	USD	1 Quarter
Income from discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$1.90M	USD	3 Qtrs
Income from discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$2.90M	USD	1 Quarter
Income from discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$2.40M	USD	3 Qtrs
Income from discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$2.20M	USD	1 Quarter
Net income	`NetIncomeLoss`	$59.40M	USD	1 Quarter
Net income	`NetIncomeLoss`	$180.60M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$227.60M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$87.10M	USD	1 Quarter
Continuing operations	`IncomeLossFromContinuingOperationsPerBasicShare`	$0.29	USD	1 Quarter
Continuing operations	`IncomeLossFromContinuingOperationsPerBasicShare`	$1.14	USD	3 Qtrs
Continuing operations	`IncomeLossFromContinuingOperationsPerBasicShare`	$0.90	USD	3 Qtrs
Continuing operations	`IncomeLossFromContinuingOperationsPerBasicShare`	$0.42	USD	1 Quarter
Discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare`	$0.01	USD	1 Quarter
Discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare`	$0.01	USD	3 Qtrs
Discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare`	$0.01	USD	1 Quarter
Discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare`	$0.01	USD	3 Qtrs
Total	`EarningsPerShareBasic`	$1.15	USD	3 Qtrs
Total	`EarningsPerShareBasic`	$0.43	USD	1 Quarter
Total	`EarningsPerShareBasic`	$0.30	USD	1 Quarter
Total	`EarningsPerShareBasic`	$0.91	USD	3 Qtrs
Continuing operations	`IncomeLossFromContinuingOperationsPerDilutedShare`	$1.11	USD	3 Qtrs
Continuing operations	`IncomeLossFromContinuingOperationsPerDilutedShare`	$0.41	USD	1 Quarter
Continuing operations	`IncomeLossFromContinuingOperationsPerDilutedShare`	$0.89	USD	3 Qtrs
Continuing operations	`IncomeLossFromContinuingOperationsPerDilutedShare`	$0.28	USD	1 Quarter
Discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare`	$0.01	USD	3 Qtrs
Discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare`	$0.01	USD	3 Qtrs
Discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare`	$0.01	USD	1 Quarter
Discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare`	$0.01	USD	1 Quarter
Total	`EarningsPerShareDiluted`	$0.90	USD	3 Qtrs
Total	`EarningsPerShareDiluted`	$0.29	USD	1 Quarter
Total	`EarningsPerShareDiluted`	$0.42	USD	1 Quarter
Total	`EarningsPerShareDiluted`	$1.12	USD	3 Qtrs
Cash dividends declared per common share	`CommonStockDividendsPerShareDeclared`	$0.09	USD	1 Quarter
Cash dividends declared per common share	`CommonStockDividendsPerShareDeclared`	$0.27	USD	3 Qtrs
Cash dividends declared per common share	`CommonStockDividendsPerShareDeclared`	$0.15	USD	3 Qtrs
Cash dividends declared per common share	`CommonStockDividendsPerShareDeclared`	$0.05	USD	1 Quarter

Cash Flow Statement 55 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$59.40M	USD	1 Quarter
Net income	`NetIncomeLoss`	$180.60M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$227.60M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$87.10M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$71.70M	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$74.00M	USD	3 Qtrs
Deferred taxes	`DeferredIncomeTaxExpenseBenefit`	$32.10M	USD	3 Qtrs
Deferred taxes	`DeferredIncomeTaxExpenseBenefit`	$35.10M	USD	3 Qtrs
Write off of debt issuance cost and loss on debt refinancing	`GainsLossesOnExtinguishmentOfDebt`	$24.80M	USD	3 Qtrs
Loss on asset disposals	`GainLossOnSaleOfPropertyPlantEquipment`	$-1.20M	USD	3 Qtrs
Loss on asset disposals	`GainLossOnSaleOfPropertyPlantEquipment`	$-900.00K	USD	3 Qtrs
Stock compensation expense	`ShareBasedCompensation`	$10.90M	USD	3 Qtrs
Stock compensation expense	`ShareBasedCompensation`	$15.30M	USD	3 Qtrs
Discontinuation of hedge accounting for interest rate swap	`DiscontinuationOfHedgeAccountingForInterestRateSwap`	$13.40M	USD	3 Qtrs
Excess tax benefits from stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$14.70M	USD	3 Qtrs
Other non-cash items, net	`AdjustmentsNoncashItemsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesOther`	$5.50M	USD	3 Qtrs
Other non-cash items, net	`AdjustmentsNoncashItemsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesOther`	$1.10M	USD	3 Qtrs
Changes in operating assets and liabilities	`IncreaseDecreaseInOperatingCapital`	$115.70M	USD	3 Qtrs
Changes in operating assets and liabilities	`IncreaseDecreaseInOperatingCapital`	$158.00M	USD	3 Qtrs
NET CASH PROVIDED BY OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$171.60M	USD	3 Qtrs
NET CASH PROVIDED BY OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$234.20M	USD	3 Qtrs
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$56.70M	USD	3 Qtrs
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$65.60M	USD	3 Qtrs
NET CASH USED IN INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivities`	$-65.60M	USD	3 Qtrs
NET CASH USED IN INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivities`	$-56.70M	USD	3 Qtrs
Proceeds from short-term borrowings	`ProceedsFromShortTermDebt`	$194.30M	USD	3 Qtrs
Proceeds from short-term borrowings	`ProceedsFromShortTermDebt`	$500.70M	USD	3 Qtrs
Payments on short-term borrowings	`RepaymentsOfShortTermDebt`	$152.50M	USD	3 Qtrs
Payments on short-term borrowings	`RepaymentsOfShortTermDebt`	$494.30M	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`	$22.50M	USD	3 Qtrs
Payments of debt-related costs	`PaymentsOfFinancingCosts`	$43.60M	USD	3 Qtrs
Dividends paid	`PaymentsOfDividends`	$45.00M	USD	3 Qtrs
Dividends paid	`PaymentsOfDividends`	$27.70M	USD	3 Qtrs
Issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$59.50M	USD	3 Qtrs
Issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$2.80M	USD	3 Qtrs
Purchase of treasury stock	`PaymentsForRepurchaseOfCommonStock`	$100.00M	USD	3 Qtrs
Taxes remitted on behalf of employees for net share settlement of stock awards	`RemittedTaxesOnEmployeeBehalfForStockAwardSettlements`	$-5.90M	USD	3 Qtrs
Excess tax benefits from stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$600.00K	USD	3 Qtrs
Excess tax benefits from stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$14.70M	USD	3 Qtrs
NET CASH USED IN FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$-292.10M	USD	3 Qtrs
NET CASH USED IN FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$-92.80M	USD	3 Qtrs
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-1.80M	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`	$-124.80M	USD	3 Qtrs
NET CHANGE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$20.30M	USD	3 Qtrs
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$74.00M	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`	$53.70M	USD	Point-in-time
CASH AND CASH EQUIVALENTS AT END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$74.00M	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`	$53.70M	USD	Point-in-time

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