Lifeway Foods, Inc. (LWAY) financial statements (2022 and earlier)

Company profile

Business Address 6431 W OAKTON
MORTON GROVE, IL 60053
State of Incorp. IL
Fiscal Year End December 31
SIC 202 - Dairy Products (benchmarking)
More info Complete financial analysis Financial benchmarking

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

9/30/2021
TTM
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 7,9263,8362,9984,9788,812
Cash and cash equivalents 7,9263,8362,9984,9788,812
Receivables 8,0337,3739,02411,0239,903
Inventory, net of allowances, customer advances and progress billings 6,9306,3925,8177,6978,042
Inventory 6,9306,3925,8177,6978,042
Other undisclosed current assets 1,1631,5981,0779831,447
Total current assets: 24,05219,19918,91624,68128,204
Noncurrent Assets
Operating lease, right-of-use asset 345738
Property, plant and equipment 21,04822,27424,57324,64521,832
Intangible assets, net (including goodwill), including: 12,82412,97613,16815,04315,715
Goodwill 9,1249,1249,12410,36810,368
Intangible assets, net (excluding goodwill) 3,7003,8524,0449751,647
Other undisclosed intangible assets, net (including goodwill)    3,7003,700
Other undisclosed noncurrent assets 1,8001,800150150125
Total noncurrent assets: 36,01737,78837,89139,83837,672
TOTAL ASSETS: 60,06956,98756,80764,51965,876
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 7,7889,3697,3479,8327,887
Accounts payable 5,5925,2824,5706,8485,718
Accrued liabilities 2,1964,0872,7772,9842,169
Debt    3,166840
Other undisclosed current liabilities 653154106203654
Total current liabilities: 8,4419,5237,45313,2019,381
Noncurrent Liabilities
Long-term debt and lease obligation 2,933488 3,1136,279
Long-term debt, excluding current maturities 2,768  3,1136,279
Operating lease, liability 165488
Liabilities, other than long-term debt 1,841589541,6151,854
Deferred tax liabilities, net3908401,854
Deferred income tax liabilities 1,764 
Other liabilities 7758564775 
Other undisclosed noncurrent liabilities  3,6675,995  
Total noncurrent liabilities: 4,7744,2136,9494,7288,133
Total liabilities: 13,21513,73614,40217,92917,514
Stockholders' equity
Stockholders' equity attributable to parent 46,85443,25142,40546,59048,362
Common stock 6,5096,5096,5096,5096,509
Treasury stock, value (12,450)(12,601)(12,970)(11,812)(10,340)
Additional paid in capital 2,6002,3802,3032,2442,198
Retained earnings 50,19546,96346,56349,64949,995
Total stockholders' equity: 46,85443,25142,40546,59048,362
TOTAL LIABILITIES AND EQUITY: 60,06956,98756,80764,51965,876

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

9/30/2021
TTM
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Revenues 102,02693,662103,350118,893123,879
Revenue, net118,893123,879
Cost of revenue (75,093)(71,513)(77,492)(88,197)(88,847)
Cost of goods and services sold (72,006)(68,367)(74,646)(88,197)(88,847)
Gross profit: 26,93322,14925,85830,69635,032
Operating expenses (22,010)(24,082)(28,968)(31,222)(28,947)
Operating income (loss): 4,923(1,933)(3,110)(526)6,085
Nonoperating income (expense) (95)3,168(201)(278)(448)
Investment income, nonoperating  1,731   
Other nonoperating income (expense) 478416(278)(448)
Interest and debt expense (118)(249)(271)(242)(220)
Income (loss) from continuing operations before equity method investments, income taxes: 4,710986(3,582)(1,046)5,417
Other undisclosed income from continuing operations before income taxes 118249271242220
Income (loss) from continuing operations before income taxes: 4,8281,235(3,311)(804)5,637
Income tax expense (benefit) (1,596)(782)225458(2,158)
Net income (loss) available to common stockholders, diluted: 3,232453(3,086)(346)3,479

Comprehensive Income ($ in thousands)

9/30/2021
TTM
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Net income (loss): 3,232453(3,086)(346)3,479
Other comprehensive income     71
Comprehensive income (loss), net of tax, attributable to parent: 3,232453(3,086)(346)3,550

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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