Landec Corporation (LNDC) financial statements (2020 and earlier)

Company profile

Business Address 5201 GREAT AMERICA PKWY
SANTA CLARA, CA 95054
State of Incorp. DE
Fiscal Year End May 31
SIC 2033 - Canned Fruits, Vegetables, Preserves, Jams, and Jellies (benchmarking)
More info Complete financial analysis Financial benchmarking

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

8/31/2019
TTM
5/31/2019
5/31/2018
5/31/2017
5/31/2016
5/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments21351014
Cash and cash equivalents21351014
Receivables617054474647
Inventory, net of allowances, customer advances and progress billings555432252625
Inventory555432252625
Disposal group, including discontinued operation  1   
Other undisclosed current assets1288357
Total current assets:13113397818693
Noncurrent Assets
Property, plant and equipment20220016013312184
Intangible assets, net (including goodwill)107152929485154
Goodwill777755555050
Intangible assets, net (excluding goodwill)3075383936105
Other noncurrent assets335321
Other undisclosed noncurrent assets1053150484813
Total noncurrent assets:416386308277257253
TOTAL ASSETS:546519405359343346
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities627553434447
Accounts payable465435263135
Accrued liabilities9109984
Employee-related liabilities71110857
Taxes payable     1
Debt10105588
Due to related parties     0
Disposal group, including discontinued operation 00   
Deferred revenue and credits 011
Contract with customer, liability00
Other liabilities225 2 
Other undisclosed current liabilities72502432 
Total current liabilities:14713788515756
Noncurrent Liabilities
Long-term debt and lease obligation859141465034
Long-term debt, excluding current maturities858737424734
Capital lease obligations4444 
Liabilities, other than long-term debt 1917252236
Deferred tax liabilities, net1917252234
Other liabilities     2
Other undisclosed noncurrent liabilities502582 
Total noncurrent liabilities:13411264797570
Total liabilities:281249152130131126
Stockholders' equity
Stockholders' equity attributable to parent265270253227211218
Common stock000000
Additional paid in capital161160142142137133
Accumulated other comprehensive income (loss)(1)010  
Retained earnings105110109847385
Stockholders' equity attributable to noncontrolling interest   222
Total stockholders' equity:265270253228212220
TOTAL LIABILITIES AND EQUITY:546519405359343346

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

8/31/2019
TTM
5/31/2019
5/31/2018
5/31/2017
5/31/2016
5/31/2015
Revenues572558524532541539
Revenue, net 532541539
Cost of revenue
(Cost of Goods and Services Sold)
(492)(477)(446)(449)(470)(474)
Gross profit:808178837165
Operating expenses(78)(76)(65)(68)(91)(47)
Operating income (loss):251416(20)18
Nonoperating income235334
Investment income, nonoperating222221
Other nonoperating income123113
Interest and debt expense   (1)(2)(2)
Income (loss) from continuing operations before equity method investments, income taxes:491817(19)21
Other undisclosed loss from continuing operations before income taxes(7)(5)(2)(2)  
Income (loss) from continuing operations before income taxes:(3)41615(19)21
Income tax expense (benefit)(0)(2)9(4)7(8)
Income (loss) from continuing operations:(3)22611(11)13
Loss from discontinued operations (2)(1)   
Other undisclosed loss before gain (loss) on sale of properties(2)     
Income (loss) before gain (loss) on sale of properties:(5)02511(11)13
Other undisclosed net income     1
Net income (loss):(5)02511(11)14
Net loss attributable to noncontrolling interest  (0)(0)(0)(0)
Net income (loss) available to common stockholders, diluted:(5)02511(12)14

Comprehensive Income ($ in millions)

8/31/2019
TTM
5/31/2019
5/31/2018
5/31/2017
5/31/2016
5/31/2015
Net income (loss):(5)02511(11)14
Other comprehensive income (loss)(2)(1)10  
Other undisclosed comprehensive loss  (0)(0)  
Comprehensive income (loss):(6)(1)2611(11)14
Comprehensive loss, net of tax, attributable to noncontrolling interest  (0)(0)(0)(0)
Comprehensive income (loss), net of tax, attributable to parent:(6)(1)2511(12)14

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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