LPX Q2 2022 Earnings Report — Louisiana-Pacific Corporation Revenue & Financial Results | Market Cap Arena

Louisiana-Pacific CorporationLPX

Q2 2022 Earnings

Reported August 9, 2022

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q2 2022	Q1 2022	Q2 2021	QoQ Change	YoY Change
Revenue	$1.1B	$1.2B	—	-3.2%	—
Op. Income	$462M	$556M	—	-16.9%	—
Gross Margin	45.9%	53.1%	—	-7.2pp	—
Net Margin	34.1%	41.5%	—	-7.4pp	—
EPS (Diluted)	$4.73	$5.60	—	-15.5%	—
Free Cash Flow	$379M	$333M	—	13.8%	—

Revenue Flow

Item	Amount
REVENUE	$1.1B
Cost of Revenue	$611M
GROSS PROFIT	$519M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	$57M
Operating Expenses	$57M
Cost & Expenses	$668M
OPERATING INCOME	$462M
Interest Income	$0
Interest Expense	$3M
Other Income/Expenses	$1M
INCOME BEFORE TAX	$463M
Income Tax Expense	$116M
Net Income from Continuing Ops	$347M
Net Income from Discontinued Ops	$37M
Other Adjustments	$0
NET INCOME	$385M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$384M
D&A	$33M
EBIT	$451M
EBITDA	$484M
EPS	$5
EPS Diluted	$5

Income Statement

Item	Amount
REVENUE	$1.1B
Cost of Revenue	$611M
GROSS PROFIT	$519M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	$57M
Operating Expenses	$57M
Cost & Expenses	$668M
OPERATING INCOME	$462M
Interest Income	$0
Interest Expense	$3M
Other Income/Expenses	$1M
INCOME BEFORE TAX	$463M
Income Tax Expense	$116M
Net Income from Continuing Ops	$347M
Net Income from Discontinued Ops	$37M
Other Adjustments	$0
NET INCOME	$385M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$384M
D&A	$33M
EBIT	$451M
EBITDA	$484M
EPS	$5
EPS Diluted	$5

Cash Flow Statement

Item	Amount
Net Income	$385M
Depreciation & Amortization	$33M
Stock-Based Compensation	$0
Deferred Income Tax	$16M
Other Non-Cash Items	$8M
Change in Working Capital	$41M
OPERATING CASH FLOW	$483M
Capital Expenditure	-$104M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$2M
NET CASH FROM INVESTING	-$102M
Net Debt Issuance	$0
Common Stock Repurchased	-$471M
Common Dividends Paid	-$18M
Other Financing Activities	$0
NET CASH FROM FINANCING	-$489M
FREE CASH FLOW	$379M
Net Change in Cash	-$121M

Balance Sheet

Item	Amount
Cash & Equivalents	$503M
Short-Term Investments	$0
Net Receivables	$220M
Inventory	$311M
Other Current Assets	$146M
TOTAL CURRENT ASSETS	$1.2B
PP&E (Net)	$1.2B
Goodwill	$19M
Intangible Assets	$18M
Long-Term Investments	$7M
Tax Assets	$4M
Other Non-Current Assets	$78M
TOTAL NON-CURRENT ASSETS	$1.3B
TOTAL ASSETS	$2.5B
Account Payables	$315M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$69M
TOTAL CURRENT LIABILITIES	$464M
Long-Term Debt	$346M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$114M
Other Non-Current Liabilities	$91M
TOTAL NON-CURRENT LIABILITIES	$595M
TOTAL LIABILITIES	$1.1B
Common Stock	$94M
Additional Paid-In Capital	$457M
Retained Earnings	$1.5B
Treasury Stock	-$390M
Accum. Other Comp. Income	-$181M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.5B
Minority Interest	$3M
TOTAL EQUITY	$1.5B
TOTAL LIABILITIES & EQUITY	$2.5B
Total Debt	$390M
Net Debt	-$113M