$LW
Lamb Weston Holdings, Inc.

2020 Q3 Form 10-Q Financial Statement

#000155837020011400 Filed on October 07, 2020

View on sec.gov

Income Statement

Concept 2020 Q3 2019 Q3
Revenue $871.5M $989.0M
YoY Change -11.88% 8.1%
Cost Of Revenue $657.7M $740.4M
YoY Change -11.17% 8.2%
Gross Profit $213.8M $248.6M
YoY Change -14.0% 7.81%
Gross Profit Margin 24.53% 25.14%
Selling, General & Admin $78.10M $78.60M
YoY Change -0.64% 0.77%
% of Gross Profit 36.53% 31.62%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $46.90M $46.00M
YoY Change 1.96% 19.17%
% of Gross Profit 21.94% 18.5%
Operating Expenses $78.10M $78.60M
YoY Change -0.64% 0.77%
Operating Profit $135.7M $170.0M
YoY Change -20.18% 11.4%
Interest Expense -$30.30M -$28.20M
YoY Change 7.45% 5.22%
% of Operating Profit -22.33% -16.59%
Other Income/Expense, Net
YoY Change
Pretax Income $117.3M $152.4M
YoY Change -23.03% 4.6%
Income Tax $28.00M $36.70M
% Of Pretax Income 23.87% 24.08%
Net Earnings $89.30M $115.7M
YoY Change -22.82% 7.33%
Net Earnings / Revenue 10.25% 11.7%
Basic Earnings Per Share $0.61 $0.79
Diluted Earnings Per Share $0.61 $0.79
COMMON SHARES
Basic Shares Outstanding 146.3M 146.2M
Diluted Shares Outstanding 147.1M 147.0M

Balance Sheet

Concept 2020 Q3 2019 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.033B $19.00M
YoY Change 5334.21% -87.38%
Cash & Equivalents $1.033B $19.00M
Short-Term Investments
Other Short-Term Assets $53.10M $49.60M
YoY Change 7.06% -10.63%
Inventory $470.6M $466.5M
Prepaid Expenses
Receivables $334.8M $371.1M
Other Receivables $0.00 $0.00
Total Short-Term Assets $1.891B $906.2M
YoY Change 108.67% -7.98%
LONG-TERM ASSETS
Property, Plant & Equipment $1.670B $1.555B
YoY Change 7.38% 5.94%
Goodwill $323.3M $306.4M
YoY Change 5.52%
Intangibles $38.50M $40.40M
YoY Change -4.7%
Long-Term Investments $275.0M $225.5M
YoY Change 21.95% 1.71%
Other Assets $74.90M $28.70M
YoY Change 160.98% 143.22%
Total Long-Term Assets $2.382B $2.316B
YoY Change 2.81% 23.9%
TOTAL ASSETS
Total Short-Term Assets $1.891B $906.2M
Total Long-Term Assets $2.382B $2.316B
Total Assets $4.273B $3.223B
YoY Change 32.58% 12.9%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $259.3M $284.9M
YoY Change -8.99% 5.44%
Accrued Expenses $236.8M $218.7M
YoY Change 8.28% 34.58%
Deferred Revenue
YoY Change
Short-Term Debt $700.0K $0.00
YoY Change -100.0%
Long-Term Debt Due $52.80M $36.50M
YoY Change 44.66% -5.68%
Total Short-Term Liabilities $549.6M $540.1M
YoY Change 1.76% 4.21%
LONG-TERM LIABILITIES
Long-Term Debt $2.981B $2.210B
YoY Change 34.87% -5.13%
Other Long-Term Liabilities $253.0M $236.6M
YoY Change 6.93% 179.01%
Total Long-Term Liabilities $3.391B $2.590B
YoY Change 30.92% 7.29%
TOTAL LIABILITIES
Total Short-Term Liabilities $549.6M $540.1M
Total Long-Term Liabilities $3.391B $2.590B
Total Liabilities $3.941B $3.130B
YoY Change 25.89% 0.99%
SHAREHOLDERS EQUITY
Retained Earnings $1.120B $911.1M
YoY Change 22.92%
Common Stock -$709.1M -$737.9M
YoY Change -3.9%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $332.0M $92.30M
YoY Change
Total Liabilities & Shareholders Equity $4.273B $3.223B
YoY Change 32.58% 12.9%

Cashflow Statement

Concept 2020 Q3 2019 Q3
OPERATING ACTIVITIES
Net Income $89.30M $115.7M
YoY Change -22.82% 7.33%
Depreciation, Depletion And Amortization $46.90M $46.00M
YoY Change 1.96% 19.17%
Cash From Operating Activities $250.6M $238.5M
YoY Change 5.07% 4.65%
INVESTING ACTIVITIES
Capital Expenditures $20.60M $50.30M
YoY Change -59.05% -42.18%
Acquisitions $116.9M
YoY Change
Other Investing Activities -$100.0K $9.500M
YoY Change -101.05% -4850.0%
Cash From Investing Activities -$33.10M -$176.7M
YoY Change -81.27% 103.57%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -550.2M -54.90M
YoY Change 902.19% 19.61%
NET CHANGE
Cash From Operating Activities 250.6M 238.5M
Cash From Investing Activities -33.10M -176.7M
Cash From Financing Activities -550.2M -54.90M
Net Change In Cash -331.5M 6.800M
YoY Change -4975.0% -92.83%
FREE CASH FLOW
Cash From Operating Activities $250.6M $238.5M
Capital Expenditures $20.60M $50.30M
Free Cash Flow $230.0M $188.2M
YoY Change 22.21% 33.57%

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CY2019Q3 us-gaap Depreciation
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CY2020Q3 us-gaap Accrued Liabilities Current
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CY2020Q3 us-gaap Short Term Borrowings
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CY2020Q2 us-gaap Short Term Borrowings
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CY2020Q3 us-gaap Debt Instrument Carrying Amount
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CY2020Q2 us-gaap Debt Instrument Carrying Amount
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CY2020Q3 us-gaap Capital Lease Obligations
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CY2020Q2 us-gaap Short Term Borrowings
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CY2020Q3 us-gaap Long Term Debt And Capital Lease Obligations Current
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CY2020Q2 us-gaap Long Term Debt And Capital Lease Obligations Current
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CY2020Q3 us-gaap Long Term Debt And Capital Lease Obligations
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CY2019Q3 us-gaap Interest Paid
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CY2020Q3 us-gaap Interest Paid
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CY2020Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
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CY2020Q3 lw Allocated Share Based Compensation Expense Stock Settled Compensation Expense
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CY2020Q3 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
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CY2020Q3 us-gaap Allocated Share Based Compensation Expense Net Of Tax
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CY2019Q3 us-gaap Allocated Share Based Compensation Expense Net Of Tax
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CY2020Q3 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Share Based Awards Other Than Options
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CY2019Q3 us-gaap Number Of Operating Segments
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CY2020Q3 us-gaap Number Of Operating Segments
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CY2020Q3 us-gaap Revenue From Contract With Customer Including Assessed Tax
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CY2019Q3 us-gaap Revenue From Contract With Customer Including Assessed Tax
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CY2020Q3 lw Contribution Margin
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CY2019Q3 lw Contribution Margin
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CY2020Q3 us-gaap Marketing And Advertising Expense
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CY2020Q3 us-gaap Gross Profit
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CY2019Q3 us-gaap Gross Profit
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CY2019Q3 us-gaap Operating Income Loss
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CY2020Q3 us-gaap Income Tax Expense Benefit
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CY2020Q3 us-gaap Income Loss From Equity Method Investments
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10600000
CY2020Q3 us-gaap Net Income Loss
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89300000
CY2019Q3 us-gaap Net Income Loss
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115700000

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