Lifeway Foods, Inc. (LWAY) Financial Statements (2025 and earlier)

Company Profile

Business Address 6431 W OAKTON
MORTON GROVE, IL 60053
State of Incorp. IL
Fiscal Year End December 31
Industry (SIC) 202 - Dairy Products (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

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

3/31/2025
MRQ
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments16,72813,1984,4449,2337,9263,836
Cash and cash equivalent16,72813,1984,4449,2337,9263,836
Receivables16,05513,87511,45810,2748,0337,373
Inventory, net of allowances, customer advances and progress billings8,6789,1049,6318,2856,9306,392
Inventory8,6789,1049,6318,2856,9306,392
Other undisclosed current assets2,1442,0191,4451,2541,1631,598
Total current assets:43,60538,19626,97829,04624,05219,199
Noncurrent Assets
Operating lease, right-of-use asset118192174216345738
Property, plant and equipment26,86222,76420,90520,13021,04822,274
Intangible assets, net (including goodwill), including:18,06218,60219,14219,68212,82412,976
Goodwill11,70411,70411,704 9,1249,124
Intangible assets, net (excluding goodwill)6,3586,8987,4388,5563,7003,852
Other undisclosed intangible assets, net (including goodwill)    11,126  
Other noncurrent assets 1,8001,8001,8001,800  
Other undisclosed noncurrent assets100100  1,8001,800
Total noncurrent assets:46,94243,45842,02141,82836,01737,788
TOTAL ASSETS:90,54781,65468,99970,87460,06956,987
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities15,50414,89211,79213,6487,7889,369
Taxes payable359  
Employee-related liabilities2,951  
Accounts payable10,4019,9767,9796,6145,5925,282
Accrued liabilities5,1034,9163,8133,7242,1964,087
Debt  1,2501,250   
Other undisclosed current liabilities 474 (1,585)653154
Total current liabilities:15,50416,61613,04212,0638,4419,523
Noncurrent Liabilities
Long-term debt and lease obligation  1,4832,4773,5552,933488
Long-term debt, excluding current maturities  1,4832,4773,4702,768 
Liabilities, other than long-term debt3,1323,1193,1333,3481,84158
Deferred income tax liabilities3,0623,0013,0293,2011,764 
Other liabilities    1477758
Operating lease, liability7011810485165488
Other undisclosed noncurrent liabilities   2,7772,777 3,667
Total noncurrent liabilities:3,1324,6028,3879,6804,7744,213
Total liabilities:18,63621,21821,42921,74313,21513,736
Equity
Equity, attributable to parent71,91160,43647,57049,13146,85443,251
Common stock6,5096,5096,5096,5096,5096,509
Treasury stock, value(14,052)(16,695)(16,993)(13,436)(12,450)(12,601)
Additional paid in capital4,6324,8253,6242,5522,6002,380
Retained earnings74,82265,79754,43053,50650,19546,963
Total equity:71,91160,43647,57049,13146,85443,251
TOTAL LIABILITIES AND EQUITY:90,54781,65468,99970,87460,06956,987

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

3/31/2025
TTM
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
Revenues186,820160,123141,568119,065102,02693,662
Cost of revenue(138,246)(117,682)(114,782)(90,355)(75,093)(71,513)
Cost of product and service sold(138,246)(117,682)(114,782)(90,355)(72,006)(68,367)
Gross profit:48,57442,44126,78628,71026,93322,149
Operating expenses(34,722)(25,446)(24,437)(22,830)(22,010)(24,082)
Operating income (loss):13,85216,9952,3495,8804,923(1,933)
Nonoperating income (expense)117(346)(508)(264)(95)3,168
Investment income, nonoperating      1,731
Other nonoperating income (expense)2304 (62)4784
Interest and debt expense(105)(384)(267)(116)(118)(249)
Income from continuing operations before equity method investments, income taxes:13,86416,2651,5745,5004,710986
Other undisclosed income from continuing operations before income taxes105384267116118249
Income from continuing operations before income taxes:13,96916,6491,8415,6164,8281,235
Income tax expense(4,944)(5,282)(917)(2,305)(1,596)(782)
Income from continuing operations:9,02511,3679243,3113,232453
Income before gain (loss) on sale of properties:3,3113,232453
Net income available to common stockholders, diluted:9,02511,3679243,3113,232453

Comprehensive Income ($ in thousands)

3/31/2025
TTM
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
Net income:9,02511,3679243,3113,232453
Comprehensive income, net of tax, attributable to parent:9,02511,3679243,3113,232453

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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