Whole Earth Brands, Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Cover
- COVER PAGE
- Audit Information
Financial Statements
Notes to Financial Statements
Accounting Policies
- BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES (Policies)
Notes Tables
Notes Details

BUSINESS SEGMENTS (Tables)

v3.22.4

BUSINESS SEGMENTS (Tables)

12 Months Ended

Dec. 31, 2022

Segment Reporting [Abstract]

Schedule of Selected Financial Information Relating to the Business' Reportable Segments

The following table presents selected financial information relating to the Company’s business segments (in thousands):


	(Successor)						(Predecessor)
	Year Ended December 31, 2022		Year Ended December 31, 2021		From June 26, 2020 to December 31, 2020		From January 1, 2020 to June 25, 2020
Product revenues, net
Branded CPG	$	422,638	$	389,174	$	96,857	$	80,749
Flavors & Ingredients	115,634		104,799		50,311		47,579
Total product revenues, net	$	538,272	$	493,973	$	147,168	$	128,328

Operating (loss) income
Branded CPG	$	(30,182)	$	34,918	$	13,463	$	(5,055)
Flavors & Ingredients	32,505		21,860		(2,645)		(23,718)
	2,323		56,778		10,818		(28,773)
Corporate	(26,969)		(33,962)		(16,924)		(9,408)
Total operating (loss) income	$	(24,646)	$	22,816	$	(6,106)	$	(38,181)

Summary of Revenues Disaggregated by Geographic Operating Segments

The following table presents geographic information based upon revenues of the Company’s major geographic markets (in thousands):


	(Successor)						(Predecessor)
	Year Ended December 31, 2022		Year Ended December 31, 2021		From June 26, 2020 to December 31, 2020		From January 1, 2020 to June 25, 2020
North America	$	357,175	$	318,958	$	63,386	$	54,253
Europe	92,272		96,013		45,608		42,776
India, Middle East and Africa	19,940		14,801		6,996		3,959
Asia-Pacific	53,300		51,598		24,350		20,834
Latin America	15,585		12,603		6,828		6,506
Total product revenues, net	$	538,272	$	493,973	$	147,168	$	128,328

Summary of Long-Lived Assets Disaggregated by Geographic Operating Segments

Long-lived assets are as follows (in thousands):


	December 31, 2022		December 31, 2021
Long-Lived Assets*
United States	$	24,516	$	24,327
China	14,805		15,620
Czech Republic	6,451		6,074
France	10,960		11,353
Other Foreign Countries	1,360		1,129
Total	$	58,092	$	58,503

*Long-lived assets consist of property, plant and equipment, net

- Definition

Tabular disclosure of long-lived assets, excluding financial instruments, long-term customer relationships of a financial institution, mortgage rights, deferred policy acquisition costs, and deferred tax assets, by geographic areas located in the entity's country of domicile and foreign countries in which the entity holds assets.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 41
-Subparagraph b
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9038-108599

+ Details

Name:	us-gaap_LongLivedAssetsByGeographicAreasTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

- Definition

Tabular disclosure of revenue from external customers by geographic areas attributed to the entity's country of domicile and to foreign countries from which the entity derives revenue.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 41
-Subparagraph a
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9038-108599

+ Details

Name:	us-gaap_RevenueFromExternalCustomersByGeographicAreasTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8736-108599

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8813-108599

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-URI https://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8906-108599

+ Details

Name:	us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

- References

No definition available.

+ Details

Name:	us-gaap_SegmentReportingAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration