Lamb Weston Holdings, Inc. (LW) financial statements (2020 and earlier)

Company profile

Business Address 599 S. RIVERSHORE LANE
EAGLE, ID 83616
State of Incorp.
Fiscal Year End May 31
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)

8/31/2019
TTM
5/31/2019
5/31/2018
5/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments19125657
Cash and cash equivalents19125657
Receivables371340226185
Inventory, net of allowances, customer advances and progress billings467498550525
Inventory467498550525
Other undisclosed current assets501119991
Total current assets:906962930858
Noncurrent Assets
Operating lease, right-of-use asset160
Property, plant and equipment1,5551,5981,4211,271
Long-term investments and receivables226225220179
Long-term investments226225220179
Intangible assets, net (including goodwill)347244171170
Goodwill306206135133
Intangible assets, net (excluding goodwill)40383537
Other noncurrent assets2921117
Total noncurrent assets:2,3162,0871,8221,627
TOTAL ASSETS:3,2233,0482,7532,486
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities504506470496
Accounts payable285289254295
Accrued liabilities219217216201
Debt37464860
Total current liabilities:540553519555
Noncurrent Liabilities
Long-term debt and lease obligation, including:2,2102,2802,3372,365
Finance lease, liability11
Operating lease, liability139
Other undisclosed long-term debt and lease obligation2,0602,2802,3372,365
Liabilities, other than long-term debt38094176162
Deferred tax liabilities, net 9291
Deferred income tax liabilities144
Other liabilities237948471
Other undisclosed noncurrent liabilities 126  
Total noncurrent liabilities:2,5902,5002,5132,527
Total liabilities:3,1303,0533,0323,082
Temporary equity, carrying amount  5651
Stockholders' equity
Stockholders' equity attributable to parent92(5)(335)(647)
Common stock147147146146
Treasury stock, value(47)(39)(3)(0)
Additional paid in capital(885)(890)(900)(905)
Accumulated other comprehensive loss(34)(25)(4)(9)
Retained earnings911804426121
Total stockholders' equity:92(5)(335)(647)
TOTAL LIABILITIES AND EQUITY:3,2233,0482,7532,486

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

8/31/2019
TTM
5/31/2019
5/31/2018
5/31/2017
Revenues3,8313,7573,4243,168
Revenue, net3,4243,168
Cost of revenue(2,809)(2,753)(2,544)(2,382)
Cost of goods and services sold(2,809)(2,753)(2,544) 
Gross profit:1,0221,004880787
Operating expenses(336)(335)(299)(268)
Operating income:686668580518
Interest and debt expense(0)(5)(5)(3)
Other undisclosed loss from continuing operations before equity method investments, income taxes(108)(102)(104)(59)
Income from continuing operations before equity method investments, income taxes:577561471457
Income from equity method investments50608453
Income from continuing operations before income taxes:628621555510
Income tax expense(136)(134)(121)(170)
Net income:492487434340
Net loss attributable to noncontrolling interest(5)(9)(17)(13)
Net income attributable to parent:487479417327
Other undisclosed net loss available to common stockholders, basic(10)(11)(3)(2)
Net income available to common stockholders, diluted:477468414325

Comprehensive Income ($ in millions)

8/31/2019
TTM
5/31/2019
5/31/2018
5/31/2017
Net income:492487434340
Other comprehensive income (loss)(26)(21)5(0)
Comprehensive income:466466439340
Comprehensive loss, net of tax, attributable to noncontrolling interest(5)(9)(17)(13)
Comprehensive income, net of tax, attributable to parent:461458422327

Statements sources

The financial statements are based on the company's filings with the 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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