Louisiana-Pacific Corporation (LPX) Financial Statements (2024 and earlier)

Company Profile

Business Address 1610 WEST END AVE.
NASHVILLE, TN 37203
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 24 - Lumber And Wood Products, Except Furniture (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

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

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments71,000126,000369,000469,000503,000624,000
Cash and cash equivalents71,000126,000369,000469,000503,000624,000
Receivables172,000148,000127,000171,000219,000320,000
Inventory, net of allowances, customer advances and progress billings407,000415,000337,000337,000309,000382,000
Inventory407,000415,000337,000337,000309,000382,000
Prepaid expense21,00023,00020,00024,00028,00015,000
Disposal group, including discontinued operation     148,000 
Other undisclosed current assets  1,0001,000 1,000 
Total current assets:671,000713,000854,0001,001,0001,208,0001,341,000
Noncurrent Assets
Operating lease, right-of-use asset31,00042,00044,00044,00046,00051,000
Property, plant and equipment1,504,0001,397,0001,326,0001,215,0001,166,0001,132,000
Long-term investments and receivables6,0005,0006,0007,0007,0007,000
Long-term investments6,0005,0006,0007,0007,0007,000
Intangible assets, net (including goodwill), including:27,00036,00064,00037,00037,00038,000
Goodwill19,00019,00019,00019,00019,00019,000
Intangible assets, net (excluding goodwill)   45,000   
Other undisclosed intangible assets, net (including goodwill)8,00017,000 18,00018,00019,000
Restricted cash and investments   14,00014,00013,00014,000
Deferred income tax assets   7,000   
Other noncurrent assets24,00024,00024,00023,00025,00025,000
Other undisclosed noncurrent assets39,00042,00011,00042,00045,00062,000
Total noncurrent assets:1,631,0001,546,0001,496,0001,382,0001,339,0001,329,000
TOTAL ASSETS:2,302,0002,259,0002,350,0002,383,0002,547,0002,670,000
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:262,000227,000317,000342,000315,000330,000
Taxes payable80,000129,000
Accrued liabilities7,0003,000133,0002,0002,0002,000
Other undisclosed accounts payable and accrued liabilities255,000224,000184,000340,000233,000199,000
Disposal group, including discontinued operation     69,000 
Other undisclosed current liabilities5,0002,00019,00088,00080,000129,000
Total current liabilities:267,000229,000336,000430,000464,000459,000
Noncurrent Liabilities
Long-term debt and lease obligation, including:377,000347,000346,000346,000346,000346,000
Long-term debt, excluding current maturities   346,000   
Other undisclosed long-term debt and lease obligation377,000347,000 306,000302,000302,000
Liabilities, other than long-term debt221,000213,000224,000182,000184,000189,000
Accounts payable and accrued liabilities7,0007,0006,0006,0006,0006,000
Deferred compensation liability, classified   2,000   
Asset retirement obligations   8,000   
Deferred income tax liabilities127,000115,000113,000107,000114,000103,000
Liability, pension and other postretirement and postemployment benefits   1,000   
Other liabilities54,00056,00053,00069,00064,00080,000
Operating lease, liability33,00035,00041,00040,00044,00044,000
Other undisclosed noncurrent liabilities18,00019,00010,00061,00065,00060,000
Total noncurrent liabilities:616,000579,000580,000589,000595,000595,000
Total liabilities:883,000808,000916,0001,019,0001,059,0001,054,000
Temporary equity, carrying amount  1,000 3,0003,0003,000
Equity
Equity, attributable to parent, including:1,419,0001,450,0001,433,0001,361,0001,484,0001,613,000
Common stock88,00088,00088,00088,00094,000101,000
Treasury stock, value(387,000)(388,000)(388,000)(390,000)(390,000)(391,000)
Additional paid in capital458,000455,000462,000459,000457,000451,000
Accumulated other comprehensive loss(78,000)(80,000)(99,000)(190,000)(181,000)(149,000)
Retained earnings1,337,0001,375,0001,371,0001,395,0001,505,0001,601,000
Other undisclosed equity, attributable to parent1,000 (1,000)(1,000)(1,000) 
Other undisclosed equity   1,000 1,000 
Total equity:1,419,0001,450,0001,434,0001,361,0001,485,0001,613,000
TOTAL LIABILITIES AND EQUITY:2,302,0002,259,0002,350,0002,383,0002,547,0002,670,000

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

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Revenues611,000584,000705,000852,0001,130,0001,337,000
Cost of revenue
(Cost of Goods and Services Sold)
(492,000)(483,000)(577,000)(620,000)(611,000)(676,000)
Other undisclosed gross profit     (1,000) 
Gross profit:119,000101,000128,000232,000518,000661,000
Operating expenses(90,000)(66,000)(69,000)(67,000)(67,000)(65,000)
Other operating income (expense), net(21,000)(5,000)(1,000)7,00011,00038,000
Other expenses  (3,000)    
Other undisclosed operating income (loss)   1,000  (1,000)
Operating income:8,00030,00059,000172,000462,000633,000
Nonoperating income (expense)(6,000)(3,000)(94,000)3,0004,000(9,000)
Investment income, nonoperating2,0005,000(8,000)5,0002,0001,000
Gain, foreign currency transaction, before tax    2,000  
Net periodic defined benefits expense (reversal of expense), excluding service cost component    (1,000)  
Other nonoperating income (expense) (8,000)(8,000)(86,000)(3,000)2,000(10,000)
Interest and debt expense(3,000)(3,000)(5,000)(3,000)(3,000)(3,000)
Other undisclosed income from continuing operations before equity method investments, income taxes   16,000   
Income (loss) from continuing operations before equity method investments, income taxes:(1,000)24,000(24,000)172,000463,000621,000
Other undisclosed income (loss) from continuing operations before income taxes (1,000)5,000   
Income (loss) from continuing operations before income taxes:(1,000)23,000(19,000)172,000463,000621,000
Income tax expense (benefit)(21,000)(1,000)10,000(44,000)(116,000)(139,000)
Other undisclosed income (loss) from continuing operations1,000 (4,000)1,0001,000 
Income (loss) from continuing operations:(21,000)22,000(13,000)129,000348,000482,000
Income before gain (loss) on sale of properties:226,000385,000482,000
Income from discontinued operations   2,00097,00037,000 
Other undisclosed net income   1,000  1,000
Net income (loss):(21,000)22,000(10,000)226,000385,000483,000
Net income (loss) attributable to noncontrolling interest 1,000(1,000)2,000  1,000
Other undisclosed net loss attributable to parent     (1,000) 
Net income (loss) available to common stockholders, diluted:(20,000)21,000(8,000)226,000384,000484,000

Comprehensive Income ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Net income (loss):(21,000)22,000(10,000)226,000385,000483,000
Other comprehensive income (loss) 1,00019,000  (31,000)24,000
Other undisclosed comprehensive income (loss) 1,00091,000(10,000) 1,000
Comprehensive income (loss):(20,000)42,00081,000216,000354,000508,000
Comprehensive income (loss), net of tax, attributable to noncontrolling interest 1,000(1,000)    
Other undisclosed comprehensive income, net of tax, attributable to parent   2,000   
Comprehensive income (loss), net of tax, attributable to parent:(19,000)41,00083,000216,000354,000508,000

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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