Lindsay Corporation (LNN) financial statements (2022 and earlier)

Company profile

Business Address 18135 BURKE STREET
OMAHA, NE 68022
State of Incorp. DE
Fiscal Year End August 31
SIC 3523 - Farm Machinery and Equipment (benchmarking)
More info Complete financial analysis Financial benchmarking

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

11/30/2021
TTM
8/31/2021
8/31/2020
8/31/2019
8/31/2018
8/31/2017
8/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments114,914146,711140,914127,204160,787121,620101,246
Cash and cash equivalents84,719127,107121,403127,204160,787121,620101,246
Short-term investments30,19519,60419,511    
Restricted cash and investments      2,030
Receivables111,95993,60984,60475,55169,10773,85080,610
Inventory, net of allowances, customer advances and progress billings173,115145,244104,79292,28779,23386,15574,750
Inventory173,115145,244104,79292,28779,23386,15574,750
Prepaid expense    3,8834,3843,671
Disposal group, including discontinued operation   2,74410,837  
Other current assets26,34530,53917,62515,7047,2046,92514,468
Other undisclosed current assets      15,349
Total current assets:426,333416,103347,935313,490331,051292,934292,124
Noncurrent Assets
Operating lease, right-of-use asset17,58418,28127,457 
Property, plant and equipment91,63991,99779,58168,96857,24874,49877,627
Intangible assets, net (including goodwill)87,56288,33591,48188,76992,047119,939124,003
Goodwill67,73567,96868,00464,38764,67177,13176,803
Intangible assets, net (excluding goodwill)19,82720,36723,47724,38227,37642,80847,200
Regulated entity, other noncurrent assets   516   
Deferred income tax assets6,1578,1139,935 
Other noncurrent assets20,17014,35614,13717,32913,26513,3505,811
Deferred tax assets, net6,6455,311 
Other undisclosed noncurrent assets   11,242   
Total noncurrent assets:223,112221,082222,591186,824169,205213,098207,441
TOTAL ASSETS:649,445637,185570,526500,314500,256506,032499,565
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities58,90845,20929,55429,43430,53036,71732,268
Accounts payable58,90845,20929,55429,43430,53036,71732,268
Debt219217195209205201197
Disposal group, including discontinued operation    2,424  
Other liabilities88,65592,81472,64652,48846,93555,11955,405
Total current liabilities:147,782138,240102,39582,13180,09492,03787,870
Noncurrent Liabilities
Long-term debt and lease obligation133,150133,815141,544115,846116,570116,775116,976
Long-term debt, excluding current maturities115,471115,514115,682115,846116,570116,775116,976
Operating lease, liability17,67918,30125,862 
Liabilities, other than long-term debt26,57026,68528,06933,25626,72627,16543,152
Deferred tax liabilities, net1,0831,19113,263
Deferred income tax liabilities798832889 
Liability, pension and other postretirement and postemployment benefits5,6605,7546,3746,0295,8746,2956,869
Other liabilities20,11220,09920,80627,22719,76919,67923,020
Other undisclosed noncurrent liabilities   872   
Total noncurrent liabilities:159,720160,500169,613149,974143,296143,940160,128
Total liabilities:307,502298,740272,008232,105223,390235,977247,998
Stockholders' equity
Stockholders' equity attributable to parent341,943338,445298,518268,209276,866270,055251,567
Common stock19,05618,99118,91818,87018,84118,78018,713
Treasury stock, value(277,238)(277,238)(277,238)(277,238)(277,238)(277,238)(277,238)
Additional paid in capital89,00686,49577,68671,68468,46563,00657,338
Accumulated other comprehensive loss(21,291)(17,933)(20,572)(19,847)(18,088)(12,108)(14,172)
Retained earnings532,410528,130499,724474,740484,886477,615466,926
Total stockholders' equity:341,943338,445298,518268,209276,866270,055251,567
TOTAL LIABILITIES AND EQUITY:649,445637,185570,526500,314500,256506,032499,565

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

11/30/2021
TTM
8/31/2021
8/31/2020
8/31/2019
8/31/2018
8/31/2017
8/31/2016
Revenues625,313567,646474,692444,072547,705517,985516,411
Cost of revenue(469,078)(417,441)(322,149)(329,464)(396,243)(372,973)(367,798)
Gross profit:156,235150,205152,543114,608151,462145,012148,613
Operating expenses(96,301)(96,098)(98,341)(108,493)(112,899)(104,811)(114,238)
Operating income:59,93454,10754,2026,11538,56340,20134,375
Nonoperating income (expense)(6,955)(3,721)(5,359)759(23)2,085(336)
Investment income, nonoperating9571,0831,9562,4021,6401,178645
Other nonoperating income (expense)(3,199)(53)(2,556)(1,643)(1,663)907(981)
Interest and debt expense(4,713)(4,751)(4,759)(4,767)(4,687)(4,757)(4,751)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes4,7514,7514,759  (1,814) 
Income from continuing operations before equity method investments, income taxes:53,01750,38648,8432,10733,85335,71529,288
Other undisclosed loss from continuing operations before income taxes(38)      
Income from continuing operations before income taxes:52,97950,38648,8432,10733,85335,71529,288
Income tax expense (benefit)(9,601)(7,814)(10,214)65(13,576)(12,536)(9,021)
Net income available to common stockholders, diluted:43,37842,57238,6292,17220,27723,17920,267

Comprehensive Income ($ in thousands)

11/30/2021
TTM
8/31/2021
8/31/2020
8/31/2019
8/31/2018
8/31/2017
8/31/2016
Net income:43,37842,57238,6292,17220,27723,17920,267
Other comprehensive income (loss)(2,114)2,639(725)(1,234)(5,980)2,0641,136
Comprehensive income, net of tax, attributable to parent:41,26445,21137,90493814,29725,24321,403

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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