$LANC
LANCASTER COLONY CORP

2023 Q4 Form 10-Q Financial Statement

#000005751523000028 Filed on November 02, 2023

View on sec.gov

Income Statement

Concept 2023 Q4 2023 Q3
Revenue $485.9M $461.6M
YoY Change 1.79% 8.47%
Cost Of Revenue $364.4M $352.9M
YoY Change -2.89% 8.08%
Gross Profit $121.5M $108.7M
YoY Change 18.97% 9.76%
Gross Profit Margin 25.0% 23.55%
Selling, General & Admin $55.71M $51.95M
YoY Change 9.73% 4.4%
% of Gross Profit 45.87% 47.78%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $13.92M $13.59M
YoY Change 17.92% 21.32%
% of Gross Profit 11.46% 12.5%
Operating Expenses $55.71M $51.95M
YoY Change 9.73% 4.4%
Operating Profit $65.75M $56.78M
YoY Change 28.11% 15.17%
Interest Expense $1.425M
YoY Change
% of Operating Profit 2.17%
Other Income/Expense, Net $1.425M $857.0K
YoY Change 198.12% -417.41%
Pretax Income $67.18M $57.63M
YoY Change 29.68% 17.55%
Income Tax $15.70M $13.68M
% Of Pretax Income 23.36% 23.74%
Net Earnings $51.48M $43.95M
YoY Change 28.8% 16.92%
Net Earnings / Revenue 10.6% 9.52%
Basic Earnings Per Share $1.87 $1.60
Diluted Earnings Per Share $1.87 $1.59
COMMON SHARES
Basic Shares Outstanding 27.52M shares 27.53M shares
Diluted Shares Outstanding 27.44M shares 27.47M shares

Balance Sheet

Concept 2023 Q4 2023 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $133.8M $73.70M
YoY Change 40.17% 14.76%
Cash & Equivalents $133.8M $73.75M
Short-Term Investments
Other Short-Term Assets $13.17M $14.63M
YoY Change 11.46% 28.29%
Inventory $158.2M $177.8M
Prepaid Expenses
Receivables $100.2M $120.1M
Other Receivables $0.00 $0.00
Total Short-Term Assets $405.4M $386.3M
YoY Change 8.5% 2.24%
LONG-TERM ASSETS
Property, Plant & Equipment $490.4M $489.1M
YoY Change 1.94% 4.49%
Goodwill $208.4M $208.4M
YoY Change 0.0% 0.0%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $19.21M $18.80M
YoY Change 8.29% 4.7%
Total Long-Term Assets $743.5M $744.0M
YoY Change -2.62% -1.25%
TOTAL ASSETS
Total Short-Term Assets $405.4M $386.3M
Total Long-Term Assets $743.5M $744.0M
Total Assets $1.149B $1.130B
YoY Change 1.03% -0.08%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $104.1M $120.3M
YoY Change -20.94% -11.1%
Accrued Expenses $59.26M $46.87M
YoY Change 22.23% -15.62%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $163.4M $167.2M
YoY Change -9.32% -12.42%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $15.72M $16.31M
YoY Change -19.25% -17.53%
Total Long-Term Liabilities $15.72M $16.31M
YoY Change -19.25% -17.53%
TOTAL LIABILITIES
Total Short-Term Liabilities $163.4M $167.2M
Total Long-Term Liabilities $15.72M $16.31M
Total Liabilities $179.1M $183.5M
YoY Change -10.29% -12.9%
SHAREHOLDERS EQUITY
Retained Earnings $1.551B $1.524B
YoY Change 2.25% 1.59%
Common Stock $149.3M $146.4M
YoY Change 6.14% 4.85%
Preferred Stock
YoY Change
Treasury Stock (at cost) $782.9M $782.9M
YoY Change 2.04% 2.06%
Treasury Stock Shares
Shareholders Equity $908.3M $878.8M
YoY Change
Total Liabilities & Shareholders Equity $1.149B $1.130B
YoY Change 1.03% -0.08%

Cashflow Statement

Concept 2023 Q4 2023 Q3
OPERATING ACTIVITIES
Net Income $51.48M $43.95M
YoY Change 28.8% 16.92%
Depreciation, Depletion And Amortization $13.92M $13.59M
YoY Change 17.92% 21.32%
Cash From Operating Activities $105.9M $35.62M
YoY Change 18.25% -29.98%
INVESTING ACTIVITIES
Capital Expenditures $18.84M $18.33M
YoY Change -40.95% -25.44%
Acquisitions
YoY Change
Other Investing Activities -$1.680M $1.412M
YoY Change 326.4% 2467.27%
Cash From Investing Activities -$20.52M -$19.74M
YoY Change -36.47% -15.92%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -25.33M -$30.60M
YoY Change -2.62% 30.5%
NET CHANGE
Cash From Operating Activities 105.9M $35.62M
Cash From Investing Activities -20.52M -$19.74M
Cash From Financing Activities -25.33M -$30.60M
Net Change In Cash 60.08M -$14.73M
YoY Change 92.13% -474.16%
FREE CASH FLOW
Cash From Operating Activities $105.9M $35.62M
Capital Expenditures $18.84M $18.33M
Free Cash Flow $87.09M $17.28M
YoY Change 51.0% -34.23%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2023Q3 us-gaap Cost Of Goods And Services Sold
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CY2022Q3 us-gaap Cost Of Goods And Services Sold
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CY2023Q3 us-gaap Gross Profit
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CY2022Q3 us-gaap Gross Profit
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CY2023Q3 us-gaap Selling General And Administrative Expense
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CY2022Q3 us-gaap Selling General And Administrative Expense
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CY2023Q3 us-gaap Operating Income Loss
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CY2022Q3 us-gaap Operating Income Loss
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CY2023Q3 us-gaap Other Nonoperating Income Expense
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CY2022Q3 us-gaap Other Nonoperating Income Expense
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CY2023Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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CY2022Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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CY2023Q3 us-gaap Income Tax Expense Benefit
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CY2022Q3 us-gaap Net Income Loss
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CY2023Q3 us-gaap Earnings Per Share Basic
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CY2022Q3 us-gaap Earnings Per Share Basic
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CY2022Q3 us-gaap Earnings Per Share Diluted
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CY2022Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2023Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2022Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2023Q3 us-gaap Net Income Loss
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CY2022Q3 us-gaap Net Income Loss
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CY2023Q3 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Before Tax
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CY2022Q3 us-gaap Depreciation Depletion And Amortization
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CY2023Q3 lanc Deferred Income Taxes And Other Noncash Changes
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CY2023Q3 us-gaap Share Based Compensation
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CY2023Q3 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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CY2022Q3 us-gaap Net Cash Provided By Used In Operating Activities
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CY2023Q3 us-gaap Proceeds From Sale Of Property Plant And Equipment
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CY2022Q3 us-gaap Proceeds From Sale Of Property Plant And Equipment
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CY2022Q3 us-gaap Payments Of Dividends Common Stock
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CY2023Q3 us-gaap Payments For Repurchase Of Common Stock
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CY2023Q3 us-gaap Stockholders Equity
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CY2022Q3 us-gaap Earnings Per Share Basic
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CY2023Q3 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
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CY2022Q3 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
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CY2023Q3 us-gaap Line Of Credit Facility Current Borrowing Capacity
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CY2023Q2 us-gaap Line Of Credit Facility Current Borrowing Capacity
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CY2023Q2 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
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CY2023Q3 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
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CY2023Q3 us-gaap Line Of Credit Facility Expiration Date1
LineOfCreditFacilityExpirationDate1
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CY2023Q3 lanc Minimum Interest Coverage Ratio
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CY2023Q3 lanc Maximum Leverage Ratio
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CY2023Q2 us-gaap Line Of Credit
LineOfCredit
0 usd
CY2023Q3 us-gaap Line Of Credit
LineOfCredit
0 usd
CY2023Q3 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
2200000 usd
CY2023Q2 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
2800000 usd
CY2023Q3 us-gaap Interest Paid
InterestPaid
0 usd
CY2022Q3 us-gaap Interest Paid
InterestPaid
0 usd
CY2023Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
4708000 usd
CY2023Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
4840000 usd
CY2023Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
132000 usd
CY2022Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
629000 usd
CY2023Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
527000 usd
CY2023Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
527000 usd
CY2023Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
343000 usd
CY2023Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
251000 usd
CY2023Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
251000 usd
CY2023Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
461572000 usd
CY2022Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
425537000 usd
CY2023Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
56775000 usd
CY2022Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
49298000 usd
CY2023Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
461572000 usd
CY2022Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
425537000 usd

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0000057515-23-000028.txt Edgar Link pending
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Financial_Report.xlsx Edgar Link pending
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