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)

12/31/2020
TTM
6/30/2020
6/30/2019
6/30/2018
6/30/2017
6/30/2016
6/30/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments216198196206143118182
Cash and cash equivalents216198196206143118182
Receivables88877673706662
Inventory, net of allowances, customer advances and progress billings109858691767678
Inventory109858691767678
Prepaid expense      4
Other current assets1316119128 
Other undisclosed current assets      16
Total current assets:426386369379301268343
Noncurrent Assets
Operating lease, right-of-use asset2423
Property, plant and equipment315293247191181170172
Intangible assets, net (including goodwill)270274279224228189192
Goodwill208208208168168144144
Intangible assets, net (excluding goodwill)61657056604548
Other noncurrent assets20181111698
Total noncurrent assets:628608537426415367372
TOTAL ASSETS:1,054993905804716635715
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities14112612094777398
Accounts payable88717758414039
Accrued liabilities53554336353336
Employee-related liabilities      22
Taxes payable      1
Other undisclosed current liabilities      (23)
Total current liabilities:14112612094777375
Noncurrent Liabilities
Long-term debt and lease obligation1918     
Operating lease, liability1918
Liabilities, other than long-term debt69665958644875
Accounts payable and accrued liabilities      10
Deferred compensation liability, classified      4
Deferred tax liabilities, net2317252136
Deferred income tax liabilities3634
Liability for uncertainty in income taxes      1
Other liabilities33323642392724
Total noncurrent liabilities:87845958644875
Total liabilities:228210179152140121150
Stockholders' equity
Stockholders' equity attributable to parent826783727652576514581
Common stock126125123119115111108
Treasury stock, value(751)(751)(745)(738)(737)(736)(736)
Accumulated other comprehensive loss(12)(12)(10)(8)(9)(11)(10)
Retained earnings1,4631,4211,3601,2791,2071,1501,219
Total stockholders' equity:826783727652576514581
Other undisclosed liabilities and equity      (16)
TOTAL LIABILITIES AND EQUITY:1,054993905804716635715

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

12/31/2020
TTM
6/30/2020
6/30/2019
6/30/2018
6/30/2017
6/30/2016
6/30/2015
Revenues1,3661,3341,3081,2231,2021,1911,105
Revenue, net1,2231,2021,1911,105
Cost of revenue
(Cost of Goods and Services Sold)
(1,001)(976)(982)(919)(883)(891)(847)
Gross profit:366358326304319300258
Operating expenses(193)(182)(151)(131)(126)(115)(104)
Other operating expense, net
(Other Nonrecurring (Income) Expense)
    (18)  
Other undisclosed operating income (loss)6(0)16   2
Operating income:178176191172175185155
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
135210(0)
Interest and debt expense(0)(0)     
Other undisclosed income from continuing operations before equity method investments, income taxes00     
Income from continuing operations before income taxes:179179196174176185155
Income tax expense(44)(42)(45)(39)(60)(63)(53)
Net income available to common stockholders, basic:135137151135115122102
Other undisclosed net loss available to common stockholders, diluted(0)(0)(0)(0)(0)  
Net income available to common stockholders, diluted:134137150135115122102

Comprehensive Income ($ in millions)

12/31/2020
TTM
6/30/2020
6/30/2019
6/30/2018
6/30/2017
6/30/2016
6/30/2015
Net income:135137151135115122102
Other comprehensive income (loss)(2)(2)(2)32(1)(2)
Comprehensive income, net of tax, attributable to parent:133135149138118120100

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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