Lancaster Colony Corporation (LANC) financial statements (2022 and earlier)

Company profile

Business Address 380 POLARIS PARKWAY
WESTERVILLE, OH 43082
State of Incorp. OH
Fiscal Year End June 30
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)

12/31/2021
TTM
6/30/2021
6/30/2020
6/30/2019
6/30/2018
6/30/2017
6/30/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments114188198196206143118
Cash and cash equivalents114188198196206143118
Receivables105988776737066
Inventory, net of allowances, customer advances and progress billings1551228586917676
Inventory1551228586917676
Other current assets151616119128
Total current assets:389423386369379301268
Noncurrent Assets
Operating lease, right-of-use asset222223
Property, plant and equipment422365293247191181170
Intangible assets, net (including goodwill)264267274279224228189
Goodwill208208208208168168144
Intangible assets, net (excluding goodwill)55596570566045
Other noncurrent assets232418111169
Total noncurrent assets:731678608537426415367
TOTAL ASSETS:1,1201,101993905804716635
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities173174126120947773
Accounts payable1281107177584140
Accrued liabilities45645543363533
Total current liabilities:173174126120947773
Noncurrent Liabilities
Long-term debt and lease obligation161718    
Operating lease, liability161718
Liabilities, other than long-term debt66676659586448
Deferred tax liabilities, net23172521
Deferred income tax liabilities413934
Other liabilities25283236423927
Total noncurrent liabilities:82848459586448
Total liabilities:255258210179152140121
Stockholders' equity
Stockholders' equity attributable to parent865843783727652576514
Common stock133129125123119115111
Treasury stock, value(765)(759)(751)(745)(738)(737)(736)
Accumulated other comprehensive loss(8)(8)(12)(10)(8)(9)(11)
Retained earnings1,5051,4821,4211,3601,2791,2071,150
Total stockholders' equity:865843783727652576514
TOTAL LIABILITIES AND EQUITY:1,1201,101993905804716635

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

12/31/2021
TTM
6/30/2021
6/30/2020
6/30/2019
6/30/2018
6/30/2017
6/30/2016
Revenues1,5631,4671,3341,3081,2231,2021,191
Revenue, net1,2231,2021,191
Cost of revenue
(Cost of Goods and Services Sold)
(1,187)(1,080)(976)(982)(919)(883)(891)
Gross profit:376387358326304319300
Operating expenses(214)(207)(182)(151)(131)(126)(115)
Other operating expense, net
(Other Nonrecurring (Income) Expense)
     (18) 
Other undisclosed operating income (loss)26(0)16   
Operating income:164186176191172175185
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
0(0)35210
Interest and debt expense (0)(0)    
Other undisclosed income from continuing operations before equity method investments, income taxes 00    
Income from continuing operations before income taxes:164186179196174176185
Income tax expense(39)(43)(42)(45)(39)(60)(63)
Net income available to common stockholders, basic:126142137151135115122
Other undisclosed net loss available to common stockholders, diluted(0)(0)(0)(0)(0)(0) 
Net income available to common stockholders, diluted:125142137150135115122

Comprehensive Income ($ in millions)

12/31/2021
TTM
6/30/2021
6/30/2020
6/30/2019
6/30/2018
6/30/2017
6/30/2016
Net income:126142137151135115122
Other comprehensive income (loss)44(2)(2)32(1)
Comprehensive income, net of tax, attributable to parent:129146135149138118120

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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