Lamb Weston Holdings, Inc. (LW) Financial Statements (2024 and earlier)

Company Profile

Business Address 599 S. RIVERSHORE LANE
EAGLE, ID 83616
State of Incorp.
Fiscal Year End May 31
Industry (SIC) 203 - Canned, Frozen, And Preserved Fruits, Vegetables, and Food Specialties (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

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

8/31/2023
MRQ
5/31/2023
11/30/2022
MRQ
5/31/2022
5/31/2021
5/31/2020
5/31/2019
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments3054195257841,36412
Cash and cash equivalents3054195257841,36412
Receivables724509447478342340
Inventory, net of allowances, customer advances and progress billings932822574514487498
Inventory932822574514487498
Other undisclosed current assets166511137110111
Total current assets:2,1271,8011,6601,7822,303962
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization 4 4511
Operating lease, right-of-use asset146114119142167
Property, plant and equipment      1,598
Long-term investments and receivables 44264257310250225
Long-term investments 44264257310250225
Intangible assets, net (including goodwill)1,151380352371342244
Goodwill1,041348318335304206
Intangible assets, net (excluding goodwill)1103234373838
Other noncurrent assets244253173806521
Other undisclosed noncurrent assets2,8041,7581,5751,5191,524 
Total noncurrent assets:4,3932,7692,4802,4282,3602,087
TOTAL ASSETS:6,5204,5704,1404,2094,6623,048
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,146877825586477506
Interest and dividends payable77   
Employee-related liabilities81   
Accounts payable637581403359244289
Accrued liabilities510297264227233217
Debt5541323254846
Other undisclosed current liabilities159 (158)   
Total current liabilities:1,3609196996181,025553
Noncurrent Liabilities
Long-term debt and lease obligation, including:3,2482,7012,6962,7052,9932,280
Finance lease, liability 6 6711
Other undisclosed long-term debt and lease obligation3,2422,7012,5852,5792,8382,280
Liabilities, other than long-term debt50037738440540594
Deferred income tax liabilities252178173160153
Other liabilities24819921224625294
Operating lease, liability   105120145
Other undisclosed noncurrent liabilities      126
Total noncurrent liabilities:3,7483,0783,0803,1113,3972,500
Total liabilities:5,1093,9973,7793,7294,4223,053
Equity
Equity, attributable to parent1,411573361481240(5)
Common stock150148148148147147
Treasury stock, value(314)(298)(264)(104)(68)(39)
Additional paid in capital(559)(786)(813)(837)(863)(890)
Accumulated other comprehensive income (loss)(27)(62)(16)30(41)(25)
Retained earnings2,1611,5691,3061,2451,065804
Total equity:1,411573361481240(5)
TOTAL LIABILITIES AND EQUITY:6,5204,5704,1404,2094,6623,048

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

8/31/2023
TTM
5/31/2023
11/30/2022
TTM
5/31/2022
5/31/2021
5/31/2020
5/31/2019
Revenues5,3514,5104,0993,6713,7923,757
Cost of revenue
(Cost of Goods and Services Sold)
(3,919)(3,380)(3,267)(2,839)(2,897)(2,753)
Gross profit:1,4321,1308328328951,004
Operating expenses(550)(432)(388)(357)(338)(335)
Operating income:882699444475557668
Interest and debt expense (0) (53)(0)(6)(5)
Other undisclosed loss from continuing operations before equity method investments, income taxes(109)(101)(108)(118)(102)(102)
Income from continuing operations before equity method investments, income taxes:773597283357449561
Income (loss) from equity method investments46140(11)522960
Income from continuing operations before income taxes:1,234638273408478621
Income tax expense(225)(164)(72)(91)(112)(134)
Income from continuing operations:1,009474201318366487
Income before gain (loss) on sale of properties:371201318366487
Net income:1,009474201318366487
Net loss attributable to noncontrolling interest      (9)
Net income attributable to parent:1,009474201318366479
Other undisclosed net loss available to common stockholders, basic      (11)
Net income available to common stockholders, diluted:1,009474201318366468

Comprehensive Income ($ in millions)

8/31/2023
TTM
5/31/2023
11/30/2022
TTM
5/31/2022
5/31/2021
5/31/2020
5/31/2019
Net income:1,009474201318366487
Other comprehensive income (loss)(12)(55)(46)70(15)(21)
Comprehensive income:997419155388351466
Comprehensive loss, net of tax, attributable to noncontrolling interest      (9)
Other undisclosed comprehensive income, net of tax, attributable to parent011   
Comprehensive income, net of tax, attributable to parent:998420156388351458

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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