LPX FY 2021 Earnings Report — Louisiana-Pacific Corporation Revenue & Financial Results | Market Cap Arena

Louisiana-Pacific CorporationLPX

FY 2021 Earnings

Reported February 22, 2022

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2021	Prior Q	FY 2020	QoQ Change	YoY Change
Revenue	$3.9B	—	$2.4B	—	63.2%
Op. Income	$1.7B	—	$615M	—	182.0%
Gross Margin	50.1%	—	34.7%	—	15.4pp
Net Margin	35.2%	—	20.8%	—	14.4pp
EPS (Diluted)	$14.05	—	$4.46	—	215.0%
Free Cash Flow	$1.2B	—	$582M	—	111.3%

Revenue Flow

Item	Amount
REVENUE	$3.9B
Cost of Revenue	$2.0B
GROSS PROFIT	$2.0B
R&D Expenses	$0
Selling & Marketing	$24M
General & Administrative	$200M
SG&A Expenses	$224M
Other Expenses	$5M
Operating Expenses	$229M
Cost & Expenses	$2.2B
OPERATING INCOME	$1.7B
Interest Income	$1M
Interest Expense	$14M
Other Income/Expenses	-$30M
INCOME BEFORE TAX	$1.7B
Income Tax Expense	$402M
Net Income from Continuing Ops	$1.3B
Net Income from Discontinued Ops	$71M
Other Adjustments	$0
NET INCOME	$1.4B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.4B
D&A	$114M
EBIT	$1.7B
EBITDA	$1.9B
EPS	$14
EPS Diluted	$14

Income Statement

Item	Amount
REVENUE	$3.9B
Cost of Revenue	$2.0B
GROSS PROFIT	$2.0B
R&D Expenses	$0
Selling & Marketing	$24M
General & Administrative	$200M
SG&A Expenses	$224M
Other Expenses	$5M
Operating Expenses	$229M
Cost & Expenses	$2.2B
OPERATING INCOME	$1.7B
Interest Income	$1M
Interest Expense	$14M
Other Income/Expenses	-$30M
INCOME BEFORE TAX	$1.7B
Income Tax Expense	$402M
Net Income from Continuing Ops	$1.3B
Net Income from Discontinued Ops	$71M
Other Adjustments	$0
NET INCOME	$1.4B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.4B
D&A	$114M
EBIT	$1.7B
EBITDA	$1.9B
EPS	$14
EPS Diluted	$14

Cash Flow Statement

Item	Amount
Net Income	$1.4B
Depreciation & Amortization	$119M
Stock-Based Compensation	$0
Deferred Income Tax	$7M
Other Non-Cash Items	$29M
Change in Working Capital	-$44M
OPERATING CASH FLOW	$1.5B
Capital Expenditure	-$254M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$7M
NET CASH FROM INVESTING	-$247M
Net Debt Issuance	-$9M
Common Stock Repurchased	-$1.3B
Common Dividends Paid	-$66M
Other Financing Activities	-$13M
NET CASH FROM FINANCING	-$1.4B
FREE CASH FLOW	$1.2B
Net Change in Cash	-$177M

Balance Sheet

Item	Amount
Cash & Equivalents	$358M
Short-Term Investments	$0
Net Receivables	$169M
Inventory	$277M
Other Current Assets	$68M
TOTAL CURRENT ASSETS	$890M
PP&E (Net)	$1.1B
Goodwill	$19M
Intangible Assets	$49M
Long-Term Investments	$7M
Tax Assets	$2M
Other Non-Current Assets	$137M
TOTAL NON-CURRENT ASSETS	$1.3B
TOTAL ASSETS	$2.2B
Account Payables	$180M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$43M
TOTAL CURRENT LIABILITIES	$360M
Long-Term Debt	$346M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$86M
Other Non-Current Liabilities	$119M
TOTAL NON-CURRENT LIABILITIES	$595M
TOTAL LIABILITIES	$955M
Common Stock	$102M
Additional Paid-In Capital	$458M
Retained Earnings	$1.2B
Treasury Stock	-$390M
Accum. Other Comp. Income	-$174M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.2B
Minority Interest	$4M
TOTAL EQUITY	$1.2B
TOTAL LIABILITIES & EQUITY	$2.2B
Total Debt	$397M
Net Debt	$39M