Lindsay Corporation (LNN) Financial Statements (2024 and earlier)

Company Profile

Business Address 18135 BURKE STREET
OMAHA, NE 68022
State of Incorp. DE
Fiscal Year End August 31
Industry (SIC) 3523 - Farm Machinery and Equipment (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

2/29/2024
MRQ
11/30/2023
MRQ
8/31/2023
8/31/2022
8/31/2021
8/31/2020
8/31/2019
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments175,659166,311116,508146,711140,914127,204
Cash and cash equivalents159,381160,755105,048127,107121,403127,204
Short-term investments16,2785,55611,46019,60419,511 
Receivables143,049144,774138,20093,60984,60475,551
Inventory, net of allowances, customer advances and progress billings164,144155,932193,776145,244104,79292,287
Inventory164,144155,932193,776145,244104,79292,287
Disposal group, including discontinued operation      2,744
Other current assets18,45020,46728,61730,53917,62515,704
Total current assets:501,302487,484477,101416,103347,935313,490
Noncurrent Assets
Operating lease, right-of-use asset17,54417,03619,18118,28127,457 
Property, plant and equipment103,81899,68194,47291,99779,58168,968
Intangible assets, net (including goodwill)111,034110,84085,33888,33591,48188,769
Goodwill84,02983,12167,13067,96868,00464,387
Intangible assets, net (excluding goodwill)27,00527,71918,20820,36723,47724,382
Regulated entity, other noncurrent assets      516
Deferred income tax assets12,71210,8859,3138,1139,935 
Other noncurrent assets17,50819,73425,24814,35614,13717,329
Other undisclosed noncurrent assets      11,242
Total noncurrent assets:262,616258,176233,552221,082222,591186,824
TOTAL ASSETS:763,918745,660710,653637,185570,526500,314
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities52,24244,27860,03645,20929,55429,434
Accounts payable52,24244,27860,03645,20929,55429,434
Debt227226222217195209
Other liabilities89,50291,604100,68492,81472,64652,488
Total current liabilities:141,971136,108160,942138,240102,39582,131
Noncurrent Liabilities
Long-term debt and lease obligation115,120115,164135,151133,815141,544115,846
Long-term debt, excluding current maturities115,120115,164115,341115,514115,682115,846
Liabilities, other than long-term debt39,96738,73721,20226,68528,06933,256
Deferred income tax liabilities6956891,054832889 
Liability, pension and other postretirement and postemployment benefits4,3084,3824,8925,7546,3746,029
Other liabilities17,21815,97715,25620,09920,80627,227
Operating lease, liability17,74617,68919,81018,30125,862 
Other undisclosed noncurrent liabilities      872
Total noncurrent liabilities:155,087153,901156,353160,500169,613149,974
Total liabilities:297,058290,009317,295298,740272,008232,105
Equity
Equity, attributable to parent466,860455,651393,358338,445298,518268,209
Common stock19,11519,09419,06318,99118,91818,870
Treasury stock, value(277,238)(277,238)(277,238)(277,238)(277,238)(277,238)
Additional paid in capital98,62898,50894,00686,49577,68671,684
Accumulated other comprehensive loss(21,100)(21,010)(21,473)(17,933)(20,572)(19,847)
Retained earnings647,455636,297579,000528,130499,724474,740
Total equity:466,860455,651393,358338,445298,518268,209
TOTAL LIABILITIES AND EQUITY:763,918745,660710,653637,185570,526500,314

Income Statement (P&L) ($ in thousands)

2/29/2024
TTM
11/30/2023
TTM
8/31/2023
8/31/2022
8/31/2021
8/31/2020
8/31/2019
Revenues659,283674,084770,743567,646474,692444,072
Cost of revenue(449,383)(461,069)(571,565)(417,441)(322,149)(329,464)
Gross profit:209,900213,015199,178150,205152,543114,608
Operating expenses(111,240)(110,831)(104,535)(96,098)(98,341)(108,493)
Operating income:98,660102,18494,64354,10754,2026,115
Nonoperating income (expense)(1,295)(1,809)(6,775)(3,721)(5,359)759
Investment income, nonoperating3,4762,7836221,0831,9562,402
Other nonoperating income (expense)(1,015)(804)(3,128)(53)(2,556)(1,643)
Interest and debt expense(3,756)(3,788)(4,269)(4,751)(4,759)(4,767)
Other undisclosed income from continuing operations before equity method investments, income taxes    4,7514,759 
Income from continuing operations before equity method investments, income taxes:93,60996,58783,59950,38648,8432,107
Other undisclosed income from continuing operations before income taxes3,7563,7884,269   
Income from continuing operations before income taxes:97,365100,37587,86850,38648,8432,107
Income tax expense (benefit)(28,184)(27,996)(22,399)(7,814)(10,214)65
Income from continuing operations:69,18172,37965,46942,57238,6292,172
Income before gain (loss) on sale of properties:65,46942,57238,6292,172
Net income available to common stockholders, diluted:69,18172,37965,46942,57238,6292,172

Comprehensive Income ($ in thousands)

2/29/2024
TTM
11/30/2023
TTM
8/31/2023
8/31/2022
8/31/2021
8/31/2020
8/31/2019
Net income:69,18172,37965,46942,57238,6292,172
Other comprehensive income (loss)2,518463(3,540)2,639(725)(1,234)
Comprehensive income, net of tax, attributable to parent:71,69972,84261,92945,21137,904938

Statements Sources

The financial statements are based on the Company's filings with 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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