Lifeway Foods, Inc. (LWAY) Financial Statements (2024 and earlier)

Company Profile

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

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments4,4449,2337,9263,8362,9984,978
Cash and cash equivalents4,4449,2337,9263,8362,9984,978
Receivables11,45810,2748,0337,3739,02411,023
Inventory, net of allowances, customer advances and progress billings9,6318,2856,9306,3925,8177,697
Inventory9,6318,2856,9306,3925,8177,697
Other undisclosed current assets1,4451,2541,1631,5981,077983
Total current assets:26,97829,04624,05219,19918,91624,681
Noncurrent Assets
Operating lease, right-of-use asset174216345738
Property, plant and equipment20,90520,13021,04822,27424,57324,645
Intangible assets, net (including goodwill), including:19,14219,68212,82412,97613,16815,043
Goodwill11,704 9,1249,1249,12410,368
Intangible assets, net (excluding goodwill)7,4388,5563,7003,8524,044975
Other undisclosed intangible assets, net (including goodwill)  11,126   3,700
Other noncurrent assets 1,8001,800    
Other undisclosed noncurrent assets  1,8001,800150150
Total noncurrent assets:42,02141,82836,01737,78837,89139,838
TOTAL ASSETS:68,99970,87460,06956,98756,80764,519
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities11,79213,6487,7889,3697,3479,832
Taxes payable359    
Employee-related liabilities2,951    
Accounts payable7,9796,6145,5925,2824,5706,848
Accrued liabilities3,8133,7242,1964,0872,7772,984
Debt1,250    3,166
Other undisclosed current liabilities (1,585)653154106203
Total current liabilities:13,04212,0638,4419,5237,45313,201
Noncurrent Liabilities
Long-term debt and lease obligation2,4773,5552,933488 3,113
Long-term debt, excluding current maturities2,4773,4702,768  3,113
Liabilities, other than long-term debt3,1333,3481,841589541,615
Deferred tax liabilities, net390840
Deferred income tax liabilities3,0293,2011,764 
Other liabilities  1477758564775
Operating lease, liability10485165488
Other undisclosed noncurrent liabilities 2,7772,777 3,6675,995 
Total noncurrent liabilities:8,3879,6804,7744,2136,9494,728
Total liabilities:21,42921,74313,21513,73614,40217,929
Equity
Equity, attributable to parent47,57049,13146,85443,25142,40546,590
Common stock6,5096,5096,5096,5096,5096,509
Treasury stock, value(16,993)(13,436)(12,450)(12,601)(12,970)(11,812)
Additional paid in capital3,6242,5522,6002,3802,3032,244
Retained earnings54,43053,50650,19546,96346,56349,649
Total equity:47,57049,13146,85443,25142,40546,590
TOTAL LIABILITIES AND EQUITY:68,99970,87460,06956,98756,80764,519

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

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues141,568119,065102,02693,662103,350118,893
Revenue, net118,893
Cost of revenue(114,782)(90,355)(75,093)(71,513)(77,492)(88,197)
Cost of goods and services sold(114,782)(90,355)(72,006)(68,367)(74,646)(88,197)
Gross profit:26,78628,71026,93322,14925,85830,696
Operating expenses(24,437)(22,830)(22,010)(24,082)(28,968)(31,222)
Operating income (loss):2,3495,8804,923(1,933)(3,110)(526)
Nonoperating income (expense)(508)(264)(95)3,168(201)(278)
Investment income, nonoperating    1,731  
Other nonoperating income (expense) (62)478416(278)
Interest and debt expense(267)(116)(118)(249)(271)(242)
Income (loss) from continuing operations before equity method investments, income taxes:1,5745,5004,710986(3,582)(1,046)
Other undisclosed income from continuing operations before income taxes267116118249271242
Income (loss) from continuing operations before income taxes:1,8415,6164,8281,235(3,311)(804)
Income tax expense (benefit)(917)(2,305)(1,596)(782)225458
Income (loss) from continuing operations:9243,3113,232453(3,086)(346)
Income (loss) before gain (loss) on sale of properties:3,3113,232453(3,086)(346)
Net income (loss) available to common stockholders, diluted:9243,3113,232453(3,086)(346)

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):9243,3113,232453(3,086)(346)
Comprehensive income (loss), net of tax, attributable to parent:9243,3113,232453(3,086)(346)

Statements Sources

The financial statements are based on the Company's filings with 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.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: