Louisiana-Pacific Corporation (LPX) financial statements (2022 and earlier)

Company profile

Business Address 414 UNION STREET
NASHVILLE, TN 37219-1711
State of Incorp. DE
Fiscal Year End December 31
SIC 24 - Lumber And Wood Products, Except Furniture (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments358535181878928659435
Cash and cash equivalents358535181878928659435
Receivables19118416412814310896
Inventory, net of allowances, customer advances and progress billings323259265273259235222
Inventory323259265273259235222
Prepaid expense181598867
Other undisclosed current assets    2289
Total current assets:8909936191,2871,3601,017769
Noncurrent Assets
Finance lease, right-of-use asset  1
Operating lease, right-of-use asset524044
Property, plant and equipment1,0699189651,010926883862
Long-term investments and receivables21111049828440
Long-term investments21111049868
Accounts and financing receivable, after allowance for credit loss     22432
Intangible assets, net (including goodwill), including:69819167715760
Goodwill19253016161010
Intangible assets, net (excluding goodwill)505661    
Other undisclosed intangible assets, net (including goodwill)   51554750
Restricted cash and investments13 1413131314
Deferred income tax assets23 
Other noncurrent assets25246961572223
Defined benefit plan, assets for plan benefits11
Other undisclosed noncurrent assets5316222614107
Total noncurrent assets:1,3041,0931,2161,2271,0891,0151,407
TOTAL ASSETS:2,1942,0861,8352,5142,4492,0312,176
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:338267242233237223140
Accounts payable   1161129073
Accrued liabilities45443430241914
Employee-related liabilities71624864765938
Taxes payable1215743355
Interest and dividends payable   7653
Other undisclosed accounts payable and accrued liabilities2101461531316148
Debt 8 52532
Due to related parties   0100
Other undisclosed current liabilities1311223731
Total current liabilities:351286244262270229143
Noncurrent Liabilities
Long-term debt and lease obligation, including:350351385347351374752
Long-term debt, excluding current maturities346348348347351374752
Finance lease, liability  1
Operating lease, liability443236
Other undisclosed long-term debt and lease obligation(40)(29)     
Liabilities, other than long-term debt219199169197211220249
Accounts payable and accrued liabilities666    
Deferred compensation liability, classified222    
Asset retirement obligations81011    
Deferred tax liabilities, net623328100
Deferred income tax liabilities8678 
Liability, pension and other postretirement and postemployment benefits121725    
Other liabilities10586125135178192150
Other undisclosed noncurrent liabilities35636    
Total noncurrent liabilities:6045565905445625941,001
Total liabilities:9558428348058328231,144
Temporary equity, carrying amount41010    
Stockholders' equity
Stockholders' equity attributable to parent, including:1,2351,2349911,7001,6051,1961,017
Common stock102124130153153153153
Treasury stock, value(390)  (378)(178)(189)(211)
Additional paid in capital458452454458471478497
Accumulated other comprehensive loss(174)(151)(153)(146)(122)(137)(146)
Retained earnings1,2391,2069661,6131,280890724
Other undisclosed stockholders' equity attributable to parent (397)(406)    
Total stockholders' equity:1,2351,2349911,7001,6051,1961,017
Other undisclosed liabilities and equity   9121316
TOTAL LIABILITIES AND EQUITY:2,1942,0861,8352,5142,4492,0312,176

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues4,5532,7882,3102,8292,7342,2331,893
Revenue, net2,8282,7342,2331,893
Cost of revenue(2,482)(1,920)(2,007)(2,084)(2,011)(1,741)(1,699)
Cost of goods and services sold(2,482)(1,920)(2,007)(2,084)(1,882)(1,724)(1,683)
Other undisclosed gross profit(1)(1) (1)   
Gross profit:2,070867303744723492194
Operating expenses(247)(227)(322)(220)(200)(288)(257)
Other operating income (expense), net1(4)(1)2(8)(17)(16)
Other nonrecurring (income) expense   (5)   
Other undisclosed operating income (loss)   (0)81716
Operating income (loss):1,824636(20)526523204(63)
Nonoperating income (expense)(16) 7(2)(13)(39)(32)
Investment income, nonoperating  9181184
Foreign currency transaction loss, before tax  (5)    
Net periodic defined benefits expense (reversal of expense), excluding service cost component  (3) 
Other nonoperating income (expense)(16) 6(4)(4)(15)(5)
Interest and debt expense(11)(17)(18)(16)(19)(17)(31)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(2)2816191731
Income (loss) from continuing operations before equity method investments, income taxes:1,795621(23)524510165(95)
Income (loss) from equity method investments41 (3) 57
Other undisclosed loss from continuing operations before income taxes (1)     
Income (loss) from continuing operations before income taxes:1,799621(23)521510170(89)
Income tax expense (benefit)(426)(125)13(122)(119)(20)3
Other undisclosed income from continuing operations 1     
Income (loss) from continuing operations:1,373497(10)399391150(86)
Loss from discontinued operations   (4)(1)(1)(2)
Net income (loss):1,373497(10)395390150(88)
Net income attributable to noncontrolling interest425    
Net income (loss) available to common stockholders, diluted:1,377499(5)395390150(88)

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):1,373497(10)395390150(88)
Other comprehensive income (loss)(23)2(7)(8)159(15)
Comprehensive income (loss):1,350499(17)387405159(103)
Comprehensive income, net of tax, attributable to noncontrolling interest425    
Comprehensive income (loss), net of tax, attributable to parent:1,354501(12)387405159(103)

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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