LPX FY 2017 Earnings Report — Louisiana-Pacific Corporation Revenue & Financial Results | Market Cap Arena

Louisiana-Pacific CorporationLPX

FY 2017 Earnings

Reported February 13, 2018

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2017	Prior Q	FY 2016	QoQ Change	YoY Change
Revenue	$2.7B	—	$2.2B	—	22.4%
Op. Income	$523M	—	$204M	—	156.6%
Gross Margin	31.2%	—	22.8%	—	8.4pp
Net Margin	14.3%	—	6.7%	—	7.6pp
EPS (Diluted)	$2.66	—	$1.03	—	158.3%
Free Cash Flow	$325M	—	$218M	—	49.5%

Revenue Flow

Item	Amount
REVENUE	$2.7B
Cost of Revenue	$1.9B
GROSS PROFIT	$852M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$190M
SG&A Expenses	$190M
Other Expenses	$1M
Operating Expenses	$322M
Cost & Expenses	$2.2B
OPERATING INCOME	$523M
Interest Income	$11M
Interest Expense	$19M
Other Income/Expenses	-$13M
INCOME BEFORE TAX	$510M
Income Tax Expense	$119M
Net Income from Continuing Ops	$391M
Net Income from Discontinued Ops	$0
Other Adjustments	-$1M
NET INCOME	$390M
Net Income Deductions	-$200.0K
BOTTOM LINE NET INCOME	$390M
D&A	$123M
EBIT	$530M
EBITDA	$653M
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$2.7B
Cost of Revenue	$1.9B
GROSS PROFIT	$852M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$190M
SG&A Expenses	$190M
Other Expenses	$1M
Operating Expenses	$322M
Cost & Expenses	$2.2B
OPERATING INCOME	$523M
Interest Income	$11M
Interest Expense	$19M
Other Income/Expenses	-$13M
INCOME BEFORE TAX	$510M
Income Tax Expense	$119M
Net Income from Continuing Ops	$391M
Net Income from Discontinued Ops	$0
Other Adjustments	-$1M
NET INCOME	$390M
Net Income Deductions	-$200.0K
BOTTOM LINE NET INCOME	$390M
D&A	$123M
EBIT	$530M
EBITDA	$653M
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$390M
Depreciation & Amortization	$123M
Stock-Based Compensation	$10M
Deferred Income Tax	$1M
Other Non-Cash Items	$8M
Change in Working Capital	-$58M
OPERATING CASH FLOW	$474M
Capital Expenditure	-$149M
Acquisitions (Net)	-$21M
Purchases of Investments	-$32M
Sales/Maturities of Investments	$0
Other Investing Activities	-$29M
NET CASH FROM INVESTING	-$199M
Net Debt Issuance	-$3M
Common Stock Repurchased	-$400.0K
Common Dividends Paid	$0
Other Financing Activities	-$6M
NET CASH FROM FINANCING	-$9M
FREE CASH FLOW	$325M
Net Change in Cash	$269M

Balance Sheet

Item	Amount
Cash & Equivalents	$928M
Short-Term Investments	$0
Net Receivables	$143M
Inventory	$259M
Other Current Assets	$0
TOTAL CURRENT ASSETS	$1.4B
PP&E (Net)	$926M
Goodwill	$16M
Intangible Assets	$11M
Long-Term Investments	$8M
Tax Assets	$3M
Other Non-Current Assets	$126M
TOTAL NON-CURRENT ASSETS	$1.1B
TOTAL ASSETS	$2.4B
Account Payables	$89M
Short-Term Debt	$25M
Deferred Revenue	$0
Other Current Liabilities	$12M
TOTAL CURRENT LIABILITIES	$270M
Long-Term Debt	$351M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$33M
Other Non-Current Liabilities	$190M
TOTAL NON-CURRENT LIABILITIES	$574M
TOTAL LIABILITIES	$844M
Common Stock	$153M
Additional Paid-In Capital	$471M
Retained Earnings	$1.3B
Treasury Stock	-$178M
Accum. Other Comp. Income	-$122M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.6B
Minority Interest	$0
TOTAL EQUITY	$1.6B
TOTAL LIABILITIES & EQUITY	$2.4B
Total Debt	$376M
Net Debt	-$552M