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)Annual | Quarterly
| 3/31/2024 Q1 | 12/31/2023 Q4 | 9/30/2023 Q3 | 6/30/2023 Q2 | 3/31/2023 Q1 | 12/31/2022 Q4 | 9/30/2022 Q3 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 13,198 | 12,632 | 7,449 | 5,209 | 4,444 | 8,933 | |||
| Cash and cash equivalents | 13,198 | 12,632 | 7,449 | 5,209 | 4,444 | 8,933 | |||
| Receivables | 13,875 | 13,355 | 11,324 | 11,985 | 11,458 | 12,160 | |||
| Inventory, net of allowances, customer advances and progress billings | 9,104 | 9,321 | 9,670 | 9,292 | 9,631 | 9,192 | |||
| Inventory | 9,104 | 9,321 | 9,670 | 9,292 | 9,631 | 9,192 | |||
| Other undisclosed current assets | 2,019 | 1,621 | 1,214 | 1,068 | 1,445 | 1,369 | |||
| Total current assets: | 38,196 | 36,929 | 29,657 | 27,554 | 26,978 | 31,654 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 192 | 203 | 136 | 154 | 174 | 135 | |||
| Property, plant and equipment | 22,764 | 22,285 | 21,699 | 22,140 | 20,905 | 20,905 | |||
| Intangible assets, net (including goodwill) | 18,602 | 18,737 | 18,872 | 19,007 | 19,142 | 19,277 | |||
| Goodwill | 11,704 | 11,704 | 11,704 | 11,704 | 11,704 | 11,704 | |||
| Intangible assets, net (excluding goodwill) | 6,898 | 7,033 | 7,168 | 7,303 | 7,438 | 7,573 | |||
| Other noncurrent assets | 1,800 | 1,800 | |||||||
| Other undisclosed noncurrent assets | 100 | 1,900 | 1,800 | 1,800 | 1,800 | ||||
| Total noncurrent assets: | 43,458 | 43,125 | 42,507 | 43,101 | 42,021 | 42,117 | |||
| TOTAL ASSETS: | 81,654 | 80,054 | 72,164 | 70,655 | 68,999 | 73,771 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 14,892 | 14,657 | 9,859 | 12,374 | 11,792 | 17,471 | |||
| Taxes payable | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 536 | ||
| Employee-related liabilities | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 3,438 | ||
| Accounts payable | 9,976 | 9,102 | 5,565 | 9,146 | 7,979 | 9,119 | |||
| Accrued liabilities | 4,916 | 5,555 | 4,294 | 3,228 | 3,813 | 4,378 | |||
| Debt | 1,250 | 1,250 | 1,250 | 1,000 | 1,250 | ||||
| Other undisclosed current liabilities | 474 | 500 | 1,024 | 416 | (2,974) | ||||
| Total current liabilities: | 16,616 | 16,407 | 12,133 | 13,790 | 13,042 | 14,497 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 1,483 | 4,508 | 4,757 | 2,228 | 2,477 | 2,799 | |||
| Long-term debt, excluding current maturities | 1,483 | 4,508 | 4,757 | 2,228 | 2,477 | 2,725 | |||
| Liabilities, other than long-term debt | 3,119 | 3,159 | 3,102 | 3,117 | 3,133 | 3,201 | |||
| Deferred income tax liabilities | 3,001 | 3,029 | 3,029 | 3,029 | 3,029 | 3,201 | |||
| Operating lease, liability | 118 | 130 | 73 | 88 | 104 | 74 | |||
| Other undisclosed noncurrent liabilities | 2,777 | 2,777 | 2,777 | ||||||
| Total noncurrent liabilities: | 4,602 | 7,667 | 7,859 | 8,122 | 8,387 | 8,777 | |||
| Total liabilities: | 21,218 | 24,074 | 19,992 | 21,912 | 21,429 | 23,274 | |||
| Equity | |||||||||
| Equity, attributable to parent | 60,436 | 55,980 | 52,172 | 48,743 | 47,570 | 50,497 | |||
| Common stock | 6,509 | 6,509 | 6,509 | 6,509 | 6,509 | 6,509 | |||
| Treasury stock, value | (16,695) | (16,695) | (16,920) | (16,993) | (16,993) | (12,997) | |||
| Additional paid in capital | 4,825 | 4,338 | 4,167 | 3,967 | 3,624 | 3,271 | |||
| Retained earnings | 65,797 | 61,828 | 58,416 | 55,260 | 54,430 | 53,714 | |||
| Total equity: | 60,436 | 55,980 | 52,172 | 48,743 | 47,570 | 50,497 | |||
| TOTAL LIABILITIES AND EQUITY: | 81,654 | 80,054 | 72,164 | 70,655 | 68,999 | 73,771 | |||
Income Statement (P&L) ($ in thousands)Annual | Quarterly
| 3/31/2024 Q1 | 12/31/2023 Q4 | 9/30/2023 Q3 | 6/30/2023 Q2 | 3/31/2023 Q1 | 12/31/2022 Q4 | 9/30/2022 Q3 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 42,093 | 40,896 | 39,230 | 37,904 | 35,838 | 38,140 | ||
| Cost of revenue (Cost of Goods and Services Sold) | (30,301) | (29,753) | (27,950) | (29,678) | (27,917) | (30,552) | ||
| Gross profit: | 11,792 | 11,143 | 11,280 | 8,226 | 7,921 | 7,588 | ||
| Operating expenses | (6,039) | (6,104) | (6,514) | (6,789) | (5,959) | (6,393) | ||
| Operating income: | 5,753 | 5,039 | 4,766 | 1,437 | 1,962 | 1,195 | ||
| Nonoperating expense | (56) | (110) | (81) | (99) | (327) | (82) | ||
| Interest and debt expense | (62) | (109) | (109) | (104) | (96) | (77) | ||
| Income from continuing operations before equity method investments, income taxes: | 5,635 | 4,820 | 4,576 | 1,234 | 1,539 | 1,036 | ||
| Other undisclosed income from continuing operations before income taxes | 62 | 109 | 109 | 104 | 96 | 77 | ||
| Income from continuing operations before income taxes: | 5,697 | 4,929 | 4,685 | 1,338 | 1,635 | 1,113 | ||
| Income tax expense | (1,728) | (1,517) | (1,529) | (508) | (919) | (130) | ||
| Income from continuing operations: | 3,969 | 3,412 | 3,156 | 830 | 716 | 983 | ||
| Income before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 983 | |
| Net income available to common stockholders, diluted: | 3,969 | 3,412 | 3,156 | 830 | 716 | 983 | ||
Comprehensive Income ($ in thousands)Annual | Quarterly
| 3/31/2024 Q1 | 12/31/2023 Q4 | 9/30/2023 Q3 | 6/30/2023 Q2 | 3/31/2023 Q1 | 12/31/2022 Q4 | 9/30/2022 Q3 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 3,969 | 3,412 | 3,156 | 830 | 716 | 983 | ||
| Comprehensive income, net of tax, attributable to parent: | 3,969 | 3,412 | 3,156 | 830 | 716 | 983 | ||
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.