Louisiana-Pacific Corporation (LPX) financial statements (2020 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)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments181878928659435533657
Cash and cash equivalents181878928659435533657
Receivables1641281431089610878
Inventory, net of allowances, customer advances and progress billings265273259235222230224
Inventory265273259235222230224
Prepaid expense98867258
Assets held-for-sale916
Other undisclosed current assets  22894551
Total current assets:6191,2871,3601,0177699501,034
Noncurrent Assets
Finance lease, right-of-use asset1
Operating lease, right-of-use asset44
Property, plant and equipment9651,010926883862851887
Long-term investments and receivables1049828440437436
Long-term investments104986854
Accounts and financing receivable, after allowance for credit loss   22432432432
Intangible assets, net (including goodwill), including:91677157601010
Goodwill30161610101010
Intangible assets, net (excluding goodwill)61      
Other undisclosed intangible assets, net (including goodwill) 51554750 
Restricted cash and investments14131313141011
Deferred costs     67
Other noncurrent assets69615722231734
Assets held-for-sale, long lived59112
Defined benefit plan, assets for plan benefits1111
Other undisclosed noncurrent assets22261410713(38)
Total noncurrent assets:1,2161,2271,0891,0151,4071,4031,459
TOTAL ASSETS:1,8352,5142,4492,0312,1762,3542,493
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:242233237223140168162
Accounts payable 1161129073  
Accrued liabilities3430241914169
Employee-related liabilities4864765938  
Taxes payable74335532
Interest and dividends payable 7653  
Other undisclosed accounts payable and accrued liabilities1531316148149151
Debt 5253222
Due to related parties 01000 
Other undisclosed current liabilities22373122
Total current liabilities:244262270229143173166
Noncurrent Liabilities
Long-term debt and lease obligation385347351374752760763
Long-term debt, excluding current maturities348347351374752760763
Finance lease, liability1
Operating lease, liability36
Liabilities, other than long-term debt169197211220249389379
Pension and other postretirement defined benefit plans, liabilities9452
Accounts payable and accrued liabilities6      
Deferred compensation liability, classified2    22
Asset retirement obligations11      
Deferred tax liabilities, net623328100140189
Liability, pension and other postretirement and postemployment benefits25     
Other liabilities125135178192150154136
Other undisclosed noncurrent liabilities36      
Total noncurrent liabilities:5905445625941,0011,1491,142
Total liabilities:8348058328231,1441,3211,308
Temporary equity, carrying amount10      
Stockholders' equity
Stockholders' equity attributable to parent, including:9911,7001,6051,1961,0171,1161,226
Common stock130153153153153153152
Treasury stock, value (378)(178)(189)(211)(225)(232)
Additional paid in capital454458471478497507508
Accumulated other comprehensive loss(153)(146)(122)(137)(146)(131)(89)
Retained earnings9661,6131,280890724812888
Other undisclosed stockholders' equity attributable to parent(406)      
Total stockholders' equity:9911,7001,6051,1961,0171,1161,226
Other undisclosed liabilities and equity 9121316(84)(41)
TOTAL LIABILITIES AND EQUITY:1,8352,5142,4492,0312,1762,3542,493

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues2,3102,8292,7342,2331,8931,9352,085
Revenue, net2,8282,7342,2331,8931,9352,085
Cost of revenue(2,007)(2,084)(2,011)(1,741)(1,699)(1,765)(1,679)
Cost of goods and services sold(2,007)(2,084)(1,882)(1,724)(1,683)(1,758)(1,637)
Other undisclosed gross profit (1)     
Gross profit:303744723492194170406
Operating expenses(322)(220)(200)(288)(257)(247)(203)
Other operating income (expense), net(1)2(8)(17)(16)(8)(4)
Other nonrecurring (income) expense (5)     
Other undisclosed operating income (loss) (0)8171684
Operating income (loss):(20)526523204(63)(78)203
Nonoperating income (expense)7(2)(13)(39)(32)(27)4
Investment income, nonoperating9181184610
Foreign currency transaction loss, before tax(5)    (3)(5)
Net periodic defined benefits expense (reversal of expense), excluding service cost component(3) 
Other nonoperating income (expense)6(4)(4)(15)(5)(90)(97)
Interest and debt expense(18)(16)(19)(17)(31)(30)(38)
Other undisclosed income from continuing operations before equity method investments, income taxes8161917313038
Income (loss) from continuing operations before equity method investments, income taxes:(23)524510165(95)(105)207
Income (loss) from equity method investments (3) 57412
Income (loss) from continuing operations before income taxes:(23)521510170(89)(101)219
Income tax expense (benefit)13(122)(119)(20)327(41)
Income (loss) from continuing operations:(10)399391150(86)(73)177
Loss from discontinued operations (4)(1)(1)(2)(2)(0)
Net income (loss):(10)395390150(88)(75)177
Net income attributable to noncontrolling interest5      
Net income (loss) available to common stockholders, diluted:(5)395390150(88)(75)177

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income (loss):(10)395390150(88)(75)177
Other comprehensive income (loss)(7)(8)159(15)(42)19
Comprehensive income (loss):(17)387405159(103)(118)196
Comprehensive income, net of tax, attributable to noncontrolling interest5      
Comprehensive income (loss), net of tax, attributable to parent:(12)387405159(103)(118)196

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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