Lamb Weston Holdings, Inc. (LW) financial statements (2021 and earlier)

Company profile

Business Address 599 S. RIVERSHORE LANE
EAGLE, ID 83616
State of Incorp.
Fiscal Year End May 31
SIC 203 - Canned, Frozen, And Preserved Fruits, Vegetables, and Food Specialties (benchmarking)
More info Complete financial analysis Financial benchmarking

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

11/30/2020
TTM
5/31/2020
5/31/2019
5/31/2018
5/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments7641,364125657
Cash and cash equivalents7641,364125657
Receivables353342340226185
Inventory, net of allowances, customer advances and progress billings631487498550525
Inventory631487498550525
Other undisclosed current assets381101119991
Total current assets:1,7862,303962930858
Noncurrent Assets
Finance lease, right-of-use asset 11
Operating lease, right-of-use asset155167
Property, plant and equipment  1,5981,4211,271
Long-term investments and receivables291250225220179
Long-term investments291250225220179
Intangible assets, net (including goodwill)363342244171170
Goodwill325304206135133
Intangible assets, net (excluding goodwill)3838383537
Other noncurrent assets796521117
Other undisclosed noncurrent assets1,4851,524   
Total noncurrent assets:2,3732,3602,0871,8221,627
TOTAL ASSETS:4,1594,6623,0482,7532,486
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities583477506470496
Accounts payable377244289254295
Accrued liabilities205233217216201
Debt32548464860
Total current liabilities:6141,025553519555
Noncurrent Liabilities
Long-term debt and lease obligation, including:2,7192,9932,2802,3372,365
Finance lease, liability 11
Operating lease, liability 145
Other undisclosed long-term debt and lease obligation2,7192,8382,2802,3372,365
Liabilities, other than long-term debt41740594176162
Deferred tax liabilities, net 9291
Deferred income tax liabilities158153
Other liabilities259252948471
Other undisclosed noncurrent liabilities  126  
Total noncurrent liabilities:3,1363,3972,5002,5132,527
Total liabilities:3,7504,4223,0533,0323,082
Temporary equity, carrying amount   5651
Stockholders' equity
Stockholders' equity attributable to parent409240(5)(335)(647)
Common stock148147147146146
Treasury stock, value(78)(68)(39)(3)(0)
Additional paid in capital(850)(863)(890)(900)(905)
Accumulated other comprehensive income (loss)7(41)(25)(4)(9)
Retained earnings1,1831,065804426121
Total stockholders' equity:409240(5)(335)(647)
TOTAL LIABILITIES AND EQUITY:4,1594,6623,0482,7532,486

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

11/30/2020
TTM
5/31/2020
5/31/2019
5/31/2018
5/31/2017
Revenues3,5523,7923,7573,4243,168
Revenue, net3,4243,168
Cost of revenue(2,753)(2,897)(2,753)(2,544)(2,382)
Cost of goods and services sold(2,753)(2,897)(2,753)(2,544) 
Gross profit:7998951,004880787
Operating expenses(330)(338)(335)(299)(268)
Operating income:469557668580518
Interest and debt expense(6)(6)(5)(5)(3)
Other undisclosed loss from continuing operations before equity method investments, income taxes(109)(102)(102)(104)(59)
Income from continuing operations before equity method investments, income taxes:354449561471457
Income from equity method investments3529608453
Income from continuing operations before income taxes:389478621555510
Income tax expense(93)(112)(134)(121)(170)
Net income:296366487434340
Net loss attributable to noncontrolling interest  (9)(17)(13)
Net income attributable to parent:296366479417327
Other undisclosed net loss available to common stockholders, basic  (11)(3)(2)
Net income available to common stockholders, diluted:296366468414325

Comprehensive Income ($ in millions)

11/30/2020
TTM
5/31/2020
5/31/2019
5/31/2018
5/31/2017
Net income:296366487434340
Other comprehensive income (loss)41(15)(21)5(0)
Comprehensive income:337351466439340
Comprehensive loss, net of tax, attributable to noncontrolling interest  (9)(17)(13)
Comprehensive income, net of tax, attributable to parent:337351458422327

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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