Lancaster Colony Corporation (LANC) financial statements (2021 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)

12/31/2019
TTM
6/30/2019
6/30/2018
6/30/2017
6/30/2016
6/30/2015
6/30/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments202196206143118182212
Cash and cash equivalents202196206143118182212
Receivables77767370666258
Inventory, net of allowances, customer advances and progress billings90869176767875
Inventory90869176767875
Prepaid expense     410
Other current assets11119128  
Other undisclosed current assets     1614
Total current assets:380369379301268343367
Noncurrent Assets
Operating lease, right-of-use asset25
Property, plant and equipment291247191181170172169
Intangible assets, net (including goodwill)27627922422818919295
Goodwill20820816816814414490
Intangible assets, net (excluding goodwill)6870566045485
Other noncurrent assets1211116987
Total noncurrent assets:603537426415367372271
TOTAL ASSETS:984905804716635715639
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1331209477739890
Accounts payable86775841403938
Accrued liabilities47433635333631
Employee-related liabilities     2220
Taxes payable     11
Other undisclosed current liabilities     (23)(21)
Total current liabilities:1331209477737569
Noncurrent Liabilities
Long-term debt and lease obligation21      
Finance lease, liability1
Operating lease, liability20
Liabilities, other than long-term debt41595864487542
Accounts payable and accrued liabilities     10 
Deferred compensation liability, classified     4 
Deferred tax liabilities, net231725213619
Liability for uncertainty in income taxes     11
Other liabilities32364239272422
Business combination, contingent consideration, liability9     
Total noncurrent liabilities:62595864487542
Total liabilities:196179152140121150111
Stockholders' equity
Stockholders' equity attributable to parent773727652576514581529
Common stock123123119115111108105
Treasury stock, value(747)(745)(738)(737)(736)(736)(735)
Accumulated other comprehensive loss(10)(10)(8)(9)(11)(10)(8)
Retained earnings1,4071,3601,2791,2071,1501,2191,167
Total stockholders' equity:773727652576514581529
Other undisclosed liabilities and equity15    (16)(1)
TOTAL LIABILITIES AND EQUITY:984905804716635715639

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

12/31/2019
TTM
6/30/2019
6/30/2018
6/30/2017
6/30/2016
6/30/2015
6/30/2014
Revenues1,3341,3081,2231,2021,1911,1051,041
Revenue, net1,2231,2021,1911,1051,041
Cost of revenue
(Cost of Goods and Services Sold)
(988)(982)(919)(883)(891)(847)(793)
Gross profit:346326304319300258249
Operating expenses(166)(151)(131)(126)(115)(104)(96)
Other operating expense, net
(Other Nonrecurring (Income) Expense)
   (18)   
Other undisclosed operating income616   21
Operating income:186191172175185155154
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
55210(0)(0)
Interest and debt expense(0)      
Other undisclosed income from continuing operations before equity method investments, income taxes0      
Income from continuing operations before income taxes:191196174176185155153
Income tax expense(43)(45)(39)(60)(63)(53)(52)
Income from continuing operations:148151135115122102101
Loss from discontinued operations      (26)
Net income available to common stockholders, basic:14815113511512210275
Other undisclosed net loss available to common stockholders, diluted(0)(0)(0)(0)   
Net income available to common stockholders, diluted:14815013511512210275

Comprehensive Income ($ in millions)

12/31/2019
TTM
6/30/2019
6/30/2018
6/30/2017
6/30/2016
6/30/2015
6/30/2014
Net income:14815113511512210275
Other comprehensive income (loss)(2)(2)32(1)(2) 
Comprehensive income:14614913811812010075
Other undisclosed comprehensive income, net of tax, attributable to parent      0
Comprehensive income, net of tax, attributable to parent:14614913811812010075

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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