Village Farms International Inc
NASDAQ:VFF
Income Statement
Earnings Waterfall
Village Farms International Inc
Income Statement
Village Farms International Inc
| Dec-2011 | Mar-2012 | Jun-2012 | Sep-2012 | Dec-2012 | Mar-2013 | Jun-2013 | Sep-2013 | Dec-2013 | Mar-2014 | Jun-2014 | Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | |||||||||||||||||||||||||||||||||||||||||
| Revenue |
164
N/A
|
160
-3%
|
146
-9%
|
138
-5%
|
134
-3%
|
131
-2%
|
133
+1%
|
136
+3%
|
138
+1%
|
136
-1%
|
137
+0%
|
134
-2%
|
137
+2%
|
140
+3%
|
140
0%
|
142
+1%
|
142
+0%
|
146
+3%
|
149
+2%
|
153
+3%
|
156
+1%
|
155
0%
|
156
+1%
|
159
+2%
|
158
0%
|
157
-1%
|
153
-2%
|
148
-3%
|
150
+1%
|
152
+2%
|
152
0%
|
150
-1%
|
145
-4%
|
145
+0%
|
151
+4%
|
156
+3%
|
170
+9%
|
190
+12%
|
213
+12%
|
243
+14%
|
|
| Gross Profit | |||||||||||||||||||||||||||||||||||||||||
| Cost of Revenue |
(141)
|
(139)
|
(135)
|
(132)
|
(121)
|
(121)
|
(114)
|
(113)
|
(119)
|
(118)
|
(120)
|
(121)
|
(123)
|
(126)
|
(127)
|
(127)
|
(128)
|
(130)
|
(134)
|
(139)
|
(141)
|
(141)
|
(142)
|
(144)
|
(144)
|
(143)
|
(141)
|
(136)
|
(141)
|
(146)
|
(149)
|
(151)
|
(152)
|
(152)
|
(152)
|
(150)
|
(159)
|
(178)
|
(199)
|
(216)
|
|
| Gross Profit |
24
N/A
|
22
-9%
|
11
-48%
|
6
-43%
|
13
+96%
|
10
-17%
|
19
+80%
|
23
+23%
|
18
-22%
|
18
0%
|
17
-9%
|
12
-27%
|
14
+14%
|
14
+4%
|
13
-9%
|
14
+7%
|
14
-2%
|
16
+16%
|
15
-4%
|
15
-5%
|
15
+1%
|
14
-7%
|
14
+1%
|
14
+4%
|
14
-3%
|
14
-3%
|
12
-14%
|
12
+4%
|
9
-24%
|
6
-35%
|
3
-58%
|
(1)
N/A
|
(7)
-734%
|
(7)
+6%
|
(1)
+89%
|
5
N/A
|
11
+100%
|
13
+14%
|
14
+14%
|
26
+85%
|
|
| Operating Income | |||||||||||||||||||||||||||||||||||||||||
| Operating Expenses |
(15)
|
(15)
|
(3)
|
7
|
8
|
13
|
1
|
2
|
2
|
(3)
|
(3)
|
(13)
|
(13)
|
(13)
|
(13)
|
(12)
|
(12)
|
(13)
|
(13)
|
(13)
|
(14)
|
(14)
|
(14)
|
(14)
|
(15)
|
(15)
|
(14)
|
(15)
|
(16)
|
(18)
|
(18)
|
(19)
|
(21)
|
(22)
|
(21)
|
(22)
|
(25)
|
(31)
|
(38)
|
(47)
|
|
| Selling, General & Administrative |
(15)
|
(15)
|
(15)
|
(14)
|
(15)
|
(14)
|
(14)
|
(14)
|
(13)
|
(13)
|
(13)
|
(13)
|
(13)
|
(13)
|
(13)
|
(12)
|
(12)
|
(13)
|
(13)
|
(13)
|
(14)
|
(14)
|
(14)
|
(14)
|
(15)
|
(16)
|
(16)
|
(16)
|
(16)
|
(18)
|
(18)
|
(19)
|
(21)
|
(21)
|
(20)
|
(21)
|
(25)
|
(31)
|
(38)
|
(47)
|
|
| Depreciation & Amortization |
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Other Operating Expenses |
0
|
0
|
12
|
22
|
22
|
27
|
15
|
16
|
15
|
10
|
10
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Operating Income |
9
N/A
|
7
-25%
|
8
+22%
|
14
+66%
|
20
+46%
|
24
+18%
|
20
-14%
|
25
+25%
|
21
-19%
|
15
-26%
|
14
-9%
|
(1)
N/A
|
0
N/A
|
1
+185%
|
0
-74%
|
2
+583%
|
2
-16%
|
3
+102%
|
3
-23%
|
1
-50%
|
1
-25%
|
0
-88%
|
(0)
N/A
|
0
N/A
|
(1)
N/A
|
(1)
+20%
|
(2)
-97%
|
(3)
-14%
|
(6)
-142%
|
(11)
-84%
|
(16)
-38%
|
(20)
-27%
|
(29)
-44%
|
(28)
+1%
|
(22)
+23%
|
(17)
+24%
|
(14)
+14%
|
(18)
-29%
|
(23)
-27%
|
(21)
+11%
|
|
| Pre-Tax Income | |||||||||||||||||||||||||||||||||||||||||
| Interest Income Expense |
(2)
|
(2)
|
(3)
|
(3)
|
(3)
|
(4)
|
(4)
|
(4)
|
(4)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(2)
|
(2)
|
(2)
|
(2)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(4)
|
1
|
(3)
|
(3)
|
(2)
|
(6)
|
(2)
|
(2)
|
(5)
|
(6)
|
(6)
|
(6)
|
|
| Non-Reccuring Items |
0
|
(4)
|
(2)
|
2
|
(5)
|
(4)
|
(2)
|
(5)
|
(1)
|
(0)
|
(2)
|
(0)
|
(1)
|
(3)
|
(0)
|
(0)
|
2
|
1
|
(1)
|
(1)
|
(2)
|
(0)
|
(1)
|
(1)
|
0
|
0
|
0
|
0
|
0
|
(0)
|
0
|
0
|
0
|
5
|
5
|
5
|
28
|
24
|
24
|
24
|
|
| Gain/Loss on Disposition of Assets |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
0
|
0
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
9
|
9
|
8
|
8
|
(1)
|
(1)
|
0
|
14
|
14
|
14
|
14
|
(0)
|
(0)
|
0
|
(1)
|
(1)
|
(1)
|
(1)
|
|
| Total Other Income |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
(0)
|
|
| Pre-Tax Income |
8
N/A
|
1
-90%
|
4
+422%
|
14
+229%
|
12
-10%
|
17
+38%
|
15
-12%
|
17
+12%
|
16
-5%
|
12
-26%
|
9
-23%
|
(4)
N/A
|
(3)
+23%
|
(5)
-34%
|
(3)
+40%
|
(1)
+75%
|
1
N/A
|
2
+87%
|
(1)
N/A
|
(2)
-310%
|
(3)
-46%
|
(3)
+8%
|
4
N/A
|
5
+15%
|
4
-21%
|
4
+2%
|
(6)
N/A
|
(6)
-4%
|
(10)
-63%
|
3
N/A
|
(5)
N/A
|
(9)
-84%
|
(17)
-98%
|
(30)
-70%
|
(19)
+37%
|
(14)
+27%
|
8
N/A
|
(1)
N/A
|
(7)
-473%
|
(5)
+32%
|
|
| Net Income | |||||||||||||||||||||||||||||||||||||||||
| Tax Provision |
(2)
|
(0)
|
4
|
5
|
(4)
|
(6)
|
(10)
|
(14)
|
(5)
|
(4)
|
(3)
|
1
|
3
|
4
|
3
|
3
|
1
|
1
|
2
|
2
|
1
|
1
|
(1)
|
(0)
|
(0)
|
(0)
|
2
|
1
|
2
|
(2)
|
0
|
1
|
6
|
11
|
8
|
6
|
3
|
4
|
5
|
5
|
|
| Income from Continuing Operations |
6
|
1
|
8
|
18
|
8
|
11
|
5
|
3
|
10
|
8
|
6
|
(4)
|
(0)
|
(1)
|
1
|
2
|
2
|
3
|
1
|
0
|
(2)
|
(2)
|
3
|
5
|
4
|
4
|
(3)
|
(5)
|
(7)
|
1
|
(5)
|
(8)
|
(11)
|
(18)
|
(11)
|
(7)
|
11
|
2
|
(2)
|
(0)
|
|
| Equity Earnings Affiliates |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
(1)
|
(1)
|
(0)
|
0
|
0
|
4
|
3
|
6
|
7
|
5
|
1
|
(2)
|
(3)
|
(4)
|
|
| Net Income (Common) |
6
N/A
|
1
-90%
|
8
+1 200%
|
18
+132%
|
8
-56%
|
11
+42%
|
5
-56%
|
3
-47%
|
10
+307%
|
8
-28%
|
6
-25%
|
(4)
N/A
|
(0)
+97%
|
(1)
-610%
|
1
N/A
|
2
+225%
|
2
+9%
|
3
+33%
|
1
-58%
|
0
-96%
|
(2)
N/A
|
(2)
+3%
|
3
N/A
|
5
+54%
|
4
-22%
|
3
-11%
|
(4)
N/A
|
(6)
-43%
|
(8)
-32%
|
1
N/A
|
6
+771%
|
7
+11%
|
2
-67%
|
(1)
N/A
|
(4)
-240%
|
(3)
+32%
|
12
N/A
|
0
-100%
|
(4)
N/A
|
(4)
+5%
|
|
| EPS (Diluted) |
0.18
N/A
|
0.02
-89%
|
0.2
+900%
|
0.47
+135%
|
0.2
-57%
|
0.3
+50%
|
0.12
-60%
|
0.07
-42%
|
0.27
+286%
|
0.2
-26%
|
0.15
-25%
|
-0.1
N/A
|
0
N/A
|
-0.02
N/A
|
0.02
N/A
|
0.05
+150%
|
0.05
N/A
|
0.07
+40%
|
0.03
-57%
|
0
N/A
|
-0.05
N/A
|
-0.05
N/A
|
0.08
N/A
|
0.12
+50%
|
0.1
-17%
|
0.08
-20%
|
-0.09
N/A
|
-0.13
-44%
|
-0.17
-31%
|
0.02
N/A
|
0.12
+500%
|
0.15
+25%
|
0.05
-67%
|
-0.02
N/A
|
-0.07
-250%
|
-0.04
+43%
|
0.16
N/A
|
0
N/A
|
-0.05
N/A
|
-0.05
N/A
|
|