Lancaster Colony Corporation (LANC) financial statements (2020 and earlier)

Company profile

Business Address 380 POLARIS PARKWAY
WESTERVILLE, OH 43082
State of Incorp. OH
Fiscal Year End June 30
SIC 203 - Canned, Frozen, And Preserved Fruits, Vegetables, and Food Specialties (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

9/30/2019
TTM
6/30/2019
6/30/2018
6/30/2017
6/30/2016
6/30/2015
6/30/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments173196206143118182212
Cash and cash equivalents173196206143118182212
Receivables92767370666258
Inventory, net of allowances, customer advances and progress billings94869176767875
Inventory94869176767875
Prepaid expense     410
Other current assets9119128  
Other undisclosed current assets     1614
Total current assets:369369379301268343367
Noncurrent Assets
Property, plant and equipment281247191181170172169
Intangible assets, net (including goodwill)27727922422818919295
Goodwill20820816816814414490
Intangible assets, net (excluding goodwill)6970566045485
Other noncurrent assets1111116987
Other undisclosed noncurrent assets25      
Total noncurrent assets:594537426415367372271
TOTAL ASSETS:962905804716635715639
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1371209477739890
Accounts payable84775841403938
Accrued liabilities52433635333631
Employee-related liabilities     2220
Taxes payable     11
Other undisclosed current liabilities     (23)(21)
Total current liabilities:1371209477737569
Noncurrent Liabilities
Liabilities, other than long-term debt65595864487542
Accounts payable and accrued liabilities     10 
Deferred compensation liability, classified     4 
Deferred tax liabilities, net24231725213619
Liability for uncertainty in income taxes     11
Other liabilities33364239272422
Business combination, contingent consideration, liability9     
Total noncurrent liabilities:65595864487542
Total liabilities:202179152140121150111
Stockholders' equity
Stockholders' equity attributable to parent750727652576514581529
Common stock124123119115111108105
Treasury stock, value(747)(745)(738)(737)(736)(736)(735)
Accumulated other comprehensive loss(10)(10)(8)(9)(11)(10)(8)
Retained earnings1,3831,3601,2791,2071,1501,2191,167
Total stockholders' equity:750727652576514581529
Other undisclosed liabilities and equity11    (16)(1)
TOTAL LIABILITIES AND EQUITY:962905804716635715639

Income statement (P&L) ($ in millions)

9/30/2019
TTM
6/30/2019
6/30/2018
6/30/2017
6/30/2016
6/30/2015
6/30/2014
Revenues1,3281,3081,2231,2021,1911,1051,041
Revenue, net1,2231,2021,1911,1051,041
Cost of revenue
(Cost of Goods and Services Sold)
(991)(982)(919)(883)(891)(847)(793)
Gross profit:337326304319300258249
Operating expenses(160)(151)(131)(126)(115)(104)(96)
Other operating expense, net
(Other Nonrecurring (Income) Expense)
   (18)   
Other undisclosed operating income1616   21
Operating income:194191172175185155154
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
55210(0)(0)
Income from continuing operations before income taxes:198196174176185155153
Income tax expense(46)(45)(39)(60)(63)(53)(52)
Income from continuing operations:152151135115122102101
Loss from discontinued operations      (26)
Net income available to common stockholders, basic:15215113511512210275
Other undisclosed net loss available to common stockholders, diluted(0)(0)(0)(0)   
Net income available to common stockholders, diluted:15215013511512210275

Comprehensive Income ($ in millions)

9/30/2019
TTM
6/30/2019
6/30/2018
6/30/2017
6/30/2016
6/30/2015
6/30/2014
Net income:15215113511512210275
Other comprehensive income (loss)(2)(2)32(1)(2) 
Comprehensive income:15014913811812010075
Other undisclosed comprehensive income, net of tax, attributable to parent      0
Comprehensive income, net of tax, attributable to parent:15014913811812010075

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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