Lifeway Foods, Inc. (LWAY) Financial Statements (2024 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)

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 investments7,4495,2094,4448,9336,4947,987
Cash and cash equivalents7,4495,2094,4448,9336,4947,987
Receivables11,32411,98511,45812,16011,13811,892
Inventory, net of allowances, customer advances and progress billings9,6709,2929,6319,1928,4368,649
Inventory9,6709,2929,6319,1928,4368,649
Other undisclosed current assets1,2141,0681,4451,3691,1001,066
Total current assets:29,65727,55426,97831,65427,16829,594
Noncurrent Assets
Operating lease, right-of-use asset136154174135179216
Property, plant and equipment21,69922,14020,90520,90520,59519,822
Intangible assets, net (including goodwill)18,87219,00719,14219,27719,41219,547
Goodwill11,70411,70411,70411,70411,70411,704
Intangible assets, net (excluding goodwill)7,1687,3037,4387,5737,7087,843
Other noncurrent assets   1,800   
Other undisclosed noncurrent assets1,8001,800 1,8001,8001,800
Total noncurrent assets:42,50743,10142,02142,11741,98641,385
TOTAL ASSETS:72,16470,65568,99973,77169,15470,979
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities9,85912,37411,79217,47112,74514,652
Taxes payable536415295
Employee-related liabilities3,4382,3052,444
Accounts payable5,5659,1467,9799,1196,8598,723
Accrued liabilities4,2943,2283,8134,3783,1663,190
Debt1,2501,0001,250   
Other undisclosed current liabilities1,024416 (2,974)(1,720)(1,540)
Total current liabilities:12,13313,79013,04214,49711,02513,112
Noncurrent Liabilities
Long-term debt and lease obligation4,7572,2282,4772,7993,0593,320
Long-term debt, excluding current maturities4,7572,2282,4772,7252,9733,222
Liabilities, other than long-term debt3,1023,1173,1333,2013,2013,425
Deferred income tax liabilities3,0293,0293,0293,2013,2013,201
Other liabilities      224
Operating lease, liability7388104748698
Other undisclosed noncurrent liabilities  2,7772,7772,7772,7772,777
Total noncurrent liabilities:7,8598,1228,3878,7779,0379,522
Total liabilities:19,99221,91221,42923,27420,06222,634
Equity
Equity, attributable to parent52,17248,74347,57050,49749,09248,345
Common stock6,5096,5096,5096,5096,5096,509
Treasury stock, value(16,920)(16,993)(16,993)(12,997)(13,156)(13,436)
Additional paid in capital4,1673,9673,6243,2713,0082,661
Retained earnings58,41655,26054,43053,71452,73152,611
Total equity:52,17248,74347,57050,49749,09248,345
TOTAL LIABILITIES AND EQUITY:72,16470,65568,99973,77169,15470,979

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
Revenues39,23037,90435,83838,14033,49134,099
Cost of revenue
(Cost of Goods and Services Sold)
(27,950)(29,678)(27,917)(30,552)(27,794)(28,519)
Gross profit:11,2808,2267,9217,5885,6975,580
Operating expenses(6,514)(6,789)(5,959)(6,393)(5,456)(6,629)
Operating income (loss):4,7661,4371,9621,195241(1,049)
Nonoperating expense(81)(99)(327)(82)(56)(43)
Interest and debt expense(109)(104)(96)(77)(52)(42)
Income (loss) from continuing operations before equity method investments, income taxes:4,5761,2341,5391,036133(1,134)
Other undisclosed income from continuing operations before income taxes10910496775242
Income (loss) from continuing operations before income taxes:4,6851,3381,6351,113185(1,092)
Income tax expense (benefit)(1,529)(508)(919)(130)(65)197
Income (loss) from continuing operations:3,156830716983120(895)
Income (loss) before gain (loss) on sale of properties:983120(895)
Net income (loss) available to common stockholders, diluted:3,156830716983120(895)

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):3,156830716983120(895)
Comprehensive income (loss), net of tax, attributable to parent:3,156830716983120(895)

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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