Search the web
Welcome, Guest
[Sign Out, My Account]

Quotes & Info
Enter Symbol(s):
e.g. YHOO, ^DJI
Symbol Lookup | Financial Search
CQB > SEC Filings for CQB > Form 8-K/A on 18-Mar-2013All Recent SEC Filings

Show all filings for CHIQUITA BRANDS INTERNATIONAL INC | Request a Trial to NEW EDGAR Online Pro



Results of Operations and Financial Condition

Item 2.02 Results of Operations and Financial Condition

On March 18, 2013, Chiquita Brands International, Inc. filed its Annual Report on Form 10-K for the year ended December 31, 2012, which reflects a final adjustment to its valuation allowance on its deferred tax assets in the fourth quarter of 2012.

In its March 11, 2013 press release, the Company reported fourth quarter 2012 unaudited net loss of $335 million (diluted loss per share of $7.24) and full year 2012 unaudited net loss of $408 million (diluted loss per share of $8.85). The reported loss for the fourth quarter and full year 2012 included, among other significant non-cash charges as disclosed in our March 11, 2013 press release, a $130 million non-cash charge to income tax expense to establish a valuation allowance against all of its U.S. federal and state deferred tax assets.

The Company recorded an additional adjustment to reduce a valuation allowance on its foreign deferred tax assets by approximately $2.8 million. As a result, the Company reported a net loss of $405 million (diluted loss per share of $8.79) on its Form 10-K as filed, for the twelve months ended December 31, 2012.

Pursuant to the rules and regulations of the Securities and Exchange Commission, the information set forth herein is furnished to the Commission and shall not be deemed to be "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that Section. The information in this Current Report shall not be incorporated by reference into any registration statement pursuant to the Securities Act of 1933, as amended.

  Add CQB to Portfolio     Set Alert         Email to a Friend  
Get SEC Filings for Another Symbol: Symbol Lookup
Quotes & Info for CQB - All Recent SEC Filings
Sign Up for a Free Trial to the NEW EDGAR Online Pro
Detailed SEC, Financial, Ownership and Offering Data on over 12,000 U.S. Public Companies.
Actionable and easy-to-use with searching, alerting, downloading and more.
Request a Trial      Sign Up Now

Copyright © 2014 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service
SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" for informational purposes only, not intended for trading purposes or advice. Neither Yahoo! nor any of independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. By accessing the Yahoo! site, you agree not to redistribute the information found therein.