$LW
Lamb Weston Holdings, Inc.

2021 Q3 Form 10-Q Financial Statement

#000155837021013063 Filed on October 07, 2021

View on sec.gov

Income Statement

Concept 2021 Q3 2020 Q3
Revenue $984.2M $871.5M
YoY Change 12.93% -11.88%
Cost Of Revenue $832.9M $657.7M
YoY Change 26.64% -11.17%
Gross Profit $151.3M $213.8M
YoY Change -29.23% -14.0%
Gross Profit Margin 15.37% 24.53%
Selling, General & Admin $91.10M $78.10M
YoY Change 16.65% -0.64%
% of Gross Profit 60.21% 36.53%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $47.30M $46.90M
YoY Change 0.85% 1.96%
% of Gross Profit 31.26% 21.94%
Operating Expenses $91.10M $78.10M
YoY Change 16.65% -0.64%
Operating Profit $60.20M $135.7M
YoY Change -55.64% -20.18%
Interest Expense -$27.90M -$30.30M
YoY Change -7.92% 7.45%
% of Operating Profit -46.35% -22.33%
Other Income/Expense, Net
YoY Change
Pretax Income $38.50M $117.3M
YoY Change -67.18% -23.03%
Income Tax $8.700M $28.00M
% Of Pretax Income 22.6% 23.87%
Net Earnings $29.80M $89.30M
YoY Change -66.63% -22.82%
Net Earnings / Revenue 3.03% 10.25%
Basic Earnings Per Share $0.20 $0.61
Diluted Earnings Per Share $0.20 $0.61
COMMON SHARES
Basic Shares Outstanding 146.3M 146.3M
Diluted Shares Outstanding 146.9M 147.1M

Balance Sheet

Concept 2021 Q3 2020 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $789.7M $1.033B
YoY Change -23.52% 5334.21%
Cash & Equivalents $789.7M $1.033B
Short-Term Investments
Other Short-Term Assets $74.80M $53.10M
YoY Change 40.87% 7.06%
Inventory $469.2M $470.6M
Prepaid Expenses
Receivables $401.3M $334.8M
Other Receivables $0.00 $0.00
Total Short-Term Assets $1.735B $1.891B
YoY Change -8.25% 108.67%
LONG-TERM ASSETS
Property, Plant & Equipment $1.701B $1.670B
YoY Change 1.85% 7.38%
Goodwill $323.5M $323.3M
YoY Change 0.06% 5.52%
Intangibles $35.80M $38.50M
YoY Change -7.01% -4.7%
Long-Term Investments $298.8M $275.0M
YoY Change 8.65% 21.95%
Other Assets $82.40M $74.90M
YoY Change 10.01% 160.98%
Total Long-Term Assets $2.441B $2.382B
YoY Change 2.51% 2.81%
TOTAL ASSETS
Total Short-Term Assets $1.735B $1.891B
Total Long-Term Assets $2.441B $2.382B
Total Assets $4.176B $4.273B
YoY Change -2.25% 32.58%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $380.4M $259.3M
YoY Change 46.7% -8.99%
Accrued Expenses $237.6M $236.8M
YoY Change 0.34% 8.28%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $700.0K
YoY Change -100.0%
Long-Term Debt Due $32.00M $52.80M
YoY Change -39.39% 44.66%
Total Short-Term Liabilities $650.0M $549.6M
YoY Change 18.27% 1.76%
LONG-TERM LIABILITIES
Long-Term Debt $2.699B $2.981B
YoY Change -9.47% 34.87%
Other Long-Term Liabilities $240.6M $253.0M
YoY Change -4.9% 6.93%
Total Long-Term Liabilities $3.099B $3.391B
YoY Change -8.61% 30.92%
TOTAL LIABILITIES
Total Short-Term Liabilities $650.0M $549.6M
Total Long-Term Liabilities $3.099B $3.391B
Total Liabilities $3.749B $3.941B
YoY Change -4.86% 25.89%
SHAREHOLDERS EQUITY
Retained Earnings $1.240B $1.120B
YoY Change 10.72% 22.92%
Common Stock -$682.2M -$709.1M
YoY Change -3.79% -3.9%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $427.4M $332.0M
YoY Change
Total Liabilities & Shareholders Equity $4.176B $4.273B
YoY Change -2.25% 32.58%

Cashflow Statement

Concept 2021 Q3 2020 Q3
OPERATING ACTIVITIES
Net Income $29.80M $89.30M
YoY Change -66.63% -22.82%
Depreciation, Depletion And Amortization $47.30M $46.90M
YoY Change 0.85% 1.96%
Cash From Operating Activities $161.8M $250.6M
YoY Change -35.43% 5.07%
INVESTING ACTIVITIES
Capital Expenditures $78.90M $20.60M
YoY Change 283.01% -59.05%
Acquisitions
YoY Change
Other Investing Activities -$100.0K -$100.0K
YoY Change 0.0% -101.05%
Cash From Investing Activities -$78.80M -$33.10M
YoY Change 138.07% -81.27%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -75.80M -550.2M
YoY Change -86.22% 902.19%
NET CHANGE
Cash From Operating Activities 161.8M 250.6M
Cash From Investing Activities -78.80M -33.10M
Cash From Financing Activities -75.80M -550.2M
Net Change In Cash 6.200M -331.5M
YoY Change -101.87% -4975.0%
FREE CASH FLOW
Cash From Operating Activities $161.8M $250.6M
Capital Expenditures $78.90M $20.60M
Free Cash Flow $82.90M $230.0M
YoY Change -63.96% 22.21%

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