Landec Corporation (LNDC) financial statements (2021 and earlier)

Company profile

Business Address 2811 AIRPARK DRIVE
SANTA MARIA, CA 93455
State of Incorp. CA
Fiscal Year End May 31
SIC 2033 - Canned Fruits, Vegetables, Preserves, Jams, and Jellies (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

11/30/2020
TTM
5/31/2020
5/31/2019
5/31/2018
5/31/2017
5/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2013510
Cash and cash equivalents2013510
Receivables677670544746
Inventory, net of allowances, customer advances and progress billings716654322526
Inventory716654322526
Disposal group, including discontinued operation   1  
Other undisclosed current assets14148835
Total current assets:154157133978186
Noncurrent Assets
Operating lease, right-of-use asset2125
Property, plant and equipment171192200160133121
Intangible assets, net (including goodwill)10684152929485
Goodwill696977555550
Intangible assets, net (excluding goodwill)371575383936
Other noncurrent assets123532
Other undisclosed noncurrent assets458031504848
Total noncurrent assets:345384386308277257
TOTAL ASSETS:499541519405359343
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities817175534344
Accounts payable615254352631
Accrued liabilities131010998
Employee-related liabilities89111085
Deferred revenue10
Debt111210558
Disposal group, including discontinued operation  00  
Deferred revenue and credits 01
Contract with customer, liability0
Other liabilities  25 2
Other undisclosed current liabilities8182502432
Total current liabilities:174164137885157
Noncurrent Liabilities
Long-term debt and lease obligation8212891414650
Long-term debt, excluding current maturities8210187374247
Finance lease, liability 3
Capital lease obligations4444
Operating lease, liability 23
Liabilities, other than long-term debt121819172522
Deferred tax liabilities, net19172522
Deferred income tax liabilities714
Other liabilities55    
Other undisclosed noncurrent liabilities22 2582
Total noncurrent liabilities:116146112647975
Total liabilities:290310249152130131
Stockholders' equity
Stockholders' equity attributable to parent209231270253227211
Common stock000000
Additional paid in capital164163160142142137
Accumulated other comprehensive income (loss)(2)(3)010 
Retained earnings47711101098473
Stockholders' equity attributable to noncontrolling interest    22
Total stockholders' equity:209231270253228212
TOTAL LIABILITIES AND EQUITY:499541519405359343

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

11/30/2020
TTM
5/31/2020
5/31/2019
5/31/2018
5/31/2017
5/31/2016
Revenues576590558524532541
Revenue, net 532541
Cost of revenue
(Cost of Goods and Services Sold)
(494)(515)(477)(446)(449)(470)
Gross profit:817581788371
Operating expenses(123)(114)(76)(65)(68)(91)
Operating income (loss):(42)(39)51416(20)
Nonoperating income (expense)(15)(3)3533
Investment income, nonoperating112222
Other nonoperating income (expense)(16)(4)2311
Interest and debt expense(2)(0)  (1)(2)
Income (loss) from continuing operations before equity method investments, income taxes:(59)(42)91817(19)
Other undisclosed loss from continuing operations before income taxes(9)(9)(5)(2)(2) 
Income (loss) from continuing operations before income taxes:(69)(51)41615(19)
Income tax expense (benefit)1813(2)9(4)7
Income (loss) from continuing operations:(51)(38)22611(11)
Loss from discontinued operations  (2)(1)  
Net income (loss):(51)(38)02511(11)
Net loss attributable to noncontrolling interest   (0)(0)(0)
Net income (loss) available to common stockholders, diluted:(51)(38)02511(12)

Comprehensive Income ($ in millions)

11/30/2020
TTM
5/31/2020
5/31/2019
5/31/2018
5/31/2017
5/31/2016
Net income (loss):(51)(38)02511(11)
Other comprehensive income (loss)(2)(3)(1)10 
Other undisclosed comprehensive loss   (0)(0) 
Comprehensive income (loss):(53)(41)(1)2611(11)
Comprehensive loss, net of tax, attributable to noncontrolling interest   (0)(0)(0)
Other undisclosed comprehensive income, net of tax, attributable to parent1     
Comprehensive income (loss), net of tax, attributable to parent:(53)(41)(1)2511(12)

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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