Lindsay Corporation (LNN) financial statements (2021 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 millions)

11/30/2019
TTM
8/31/2019
8/31/2018
8/31/2017
8/31/2016
8/31/2015
8/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments121127161122101139172
Cash and cash equivalents121127161122101139172
Restricted cash and investments    2  
Receivables79766974817494
Inventory, net of allowances, customer advances and progress billings97927986757572
Inventory97927986757572
Prepaid expense  4445 
Disposal group, including discontinued operation3311    
Other current assets161677141319
Other undisclosed current assets    151618
Total current assets:317313331293292322374
Noncurrent Assets
Operating lease, right-of-use asset26 
Property, plant and equipment70695774787972
Long-term investments and receivables      (2)
Accounts and financing receivable, after allowance for credit loss      (2)
Intangible assets, net (including goodwill)88899212012412969
Goodwill64646577777737
Intangible assets, net (excluding goodwill)24242743475232
Regulated entity, other noncurrent assets11     
Other noncurrent assets161713136711
Deferred tax assets, net75   
Other undisclosed noncurrent assets911    2
Total noncurrent assets:210187169213207214152
TOTAL ASSETS:527500500506500536527
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities30293137326668
Accounts payable30293137323942
Accrued liabilities     7 
Employee-related liabilities     1617
Taxes payable     49
Debt000000 
Accrued environmental loss contingencies     11
Disposal group, including discontinued operation  2    
Deferred revenue and credits  69
Customer advances and deposits  3 
Other liabilities54524755555674
Other undisclosed current liabilities     (38)(36)
Total current liabilities:858280928895116
Noncurrent Liabilities
Long-term debt and lease obligation141116117117117117 
Long-term debt, excluding current maturities116116117117117117 
Operating lease, liability25 
Liabilities, other than long-term debt27332727434233
Pension and other postretirement defined benefit plans, liabilities7
Deferred tax liabilities, net11131913
Liability, pension and other postretirement and postemployment benefits666677 
Accrued environmental loss contingencies     65
Other liabilities2127202023108
Other undisclosed noncurrent liabilities11   (6)(5)
Total noncurrent liabilities:16915014314416015328
Total liabilities:254232223236248248144
Stockholders' equity
Stockholders' equity attributable to parent273268277270252289383
Common stock19191919191919
Treasury stock, value(277)(277)(277)(277)(277)(229)(132)
Additional paid in capital72726863575553
Accumulated other comprehensive loss(20)(20)(18)(12)(14)(15)(2)
Retained earnings480475485478467459445
Total stockholders' equity:273268277270252289383
TOTAL LIABILITIES AND EQUITY:527500500506500536527

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

11/30/2019
TTM
8/31/2019
8/31/2018
8/31/2017
8/31/2016
8/31/2015
8/31/2014
Revenues442444548518516560618
Cost of revenue(321)(329)(396)(373)(368)(404)(447)
Gross profit:120115151145149156171
Operating expenses(104)(108)(113)(105)(114)(106)(93)
Operating income:1663940345178
Nonoperating income (expense)01(0)2(0)(1)0
Investment income, nonoperating2221111
Other nonoperating income (expense)(2)(2)(2)1(1)(2)(0)
Interest and debt expense(5)(5)(5)(5)(5)(3)(0)
Other undisclosed loss from continuing operations before equity method investments, income taxes   (2)   
Income from continuing operations before income taxes:1223436294779
Income tax expense (benefit)(2)0(14)(13)(9)(20)(27)
Net income available to common stockholders, diluted:922023202652

Comprehensive Income ($ in millions)

11/30/2019
TTM
8/31/2019
8/31/2018
8/31/2017
8/31/2016
8/31/2015
8/31/2014
Net income:922023202652
Other comprehensive income (loss)(2)(1)(6)21(13)0
Comprehensive income:711425211352
Other undisclosed comprehensive loss, net of tax, attributable to parent(1)      
Comprehensive income, net of tax, attributable to parent:711425211352

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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