LPX FY 2022 Earnings Report — Louisiana-Pacific Corporation Revenue & Financial Results | Market Cap Arena

Louisiana-Pacific CorporationLPX

FY 2022 Earnings

Reported February 21, 2023

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2022	Prior Q	FY 2021	QoQ Change	YoY Change
Revenue	$3.9B	—	$3.9B	—	-1.6%
Op. Income	$1.3B	—	$1.7B	—	-27.9%
Gross Margin	38.9%	—	50.1%	—	-11.2pp
Net Margin	28.2%	—	35.2%	—	-7.0pp
EPS (Diluted)	$11.90	—	$14.05	—	-15.3%
Free Cash Flow	$730M	—	$1.2B	—	-40.7%

Revenue Flow

Item	Amount
REVENUE	$3.9B
Cost of Revenue	$2.4B
GROSS PROFIT	$1.5B
R&D Expenses	$0
Selling & Marketing	$28M
General & Administrative	$242M
SG&A Expenses	$270M
Other Expenses	-$21M
Operating Expenses	$249M
Cost & Expenses	$2.6B
OPERATING INCOME	$1.3B
Interest Income	$14M
Interest Expense	$11M
Other Income/Expenses	-$91M
INCOME BEFORE TAX	$1.2B
Income Tax Expense	$274M
Net Income from Continuing Ops	$885M
Net Income from Discontinued Ops	$198M
Other Adjustments	$0
NET INCOME	$1.1B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$888M
D&A	$129M
EBIT	$1.2B
EBITDA	$1.4B
EPS	$12
EPS Diluted	$12

Income Statement

Item	Amount
REVENUE	$3.9B
Cost of Revenue	$2.4B
GROSS PROFIT	$1.5B
R&D Expenses	$0
Selling & Marketing	$28M
General & Administrative	$242M
SG&A Expenses	$270M
Other Expenses	-$21M
Operating Expenses	$249M
Cost & Expenses	$2.6B
OPERATING INCOME	$1.3B
Interest Income	$14M
Interest Expense	$11M
Other Income/Expenses	-$91M
INCOME BEFORE TAX	$1.2B
Income Tax Expense	$274M
Net Income from Continuing Ops	$885M
Net Income from Discontinued Ops	$198M
Other Adjustments	$0
NET INCOME	$1.1B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$888M
D&A	$129M
EBIT	$1.2B
EBITDA	$1.4B
EPS	$12
EPS Diluted	$12

Cash Flow Statement

Item	Amount
Net Income	$1.1B
Depreciation & Amortization	$132M
Stock-Based Compensation	$0
Deferred Income Tax	$1M
Other Non-Cash Items	-$42M
Change in Working Capital	-$30M
OPERATING CASH FLOW	$1.1B
Capital Expenditure	-$414M
Acquisitions (Net)	$268M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$0
NET CASH FROM INVESTING	-$146M
Net Debt Issuance	$0
Common Stock Repurchased	-$900M
Common Dividends Paid	-$69M
Other Financing Activities	-$13M
NET CASH FROM FINANCING	-$982M
FREE CASH FLOW	$730M
Net Change in Cash	$11M

Balance Sheet

Item	Amount
Cash & Equivalents	$369M
Short-Term Investments	$0
Net Receivables	$128M
Inventory	$336M
Other Current Assets	$21M
TOTAL CURRENT ASSETS	$854M
PP&E (Net)	$1.4B
Goodwill	$19M
Intangible Assets	$45M
Long-Term Investments	$6M
Tax Assets	$7M
Other Non-Current Assets	$50M
TOTAL NON-CURRENT ASSETS	$1.5B
TOTAL ASSETS	$2.4B
Account Payables	$178M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$7M
TOTAL CURRENT LIABILITIES	$343M
Long-Term Debt	$346M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$113M
Other Non-Current Liabilities	$73M
TOTAL NON-CURRENT LIABILITIES	$573M
TOTAL LIABILITIES	$916M
Common Stock	$88M
Additional Paid-In Capital	$462M
Retained Earnings	$1.4B
Treasury Stock	-$388M
Accum. Other Comp. Income	-$99M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.4B
Minority Interest	$0
TOTAL EQUITY	$1.4B
TOTAL LIABILITIES & EQUITY	$2.4B
Total Debt	$395M
Net Debt	$26M