LW FY 2022 Earnings Report — Lamb Weston Holdings, Inc. Revenue & Financial Results | Market Cap Arena

Lamb Weston Holdings, Inc.LW

FY 2022 Earnings

Reported July 27, 2022

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	$4.1B	—	$3.7B	—	11.7%
Op. Income	$444M	—	$475M	—	-6.4%
Gross Margin	20.3%	—	22.7%	—	-2.4pp
Net Margin	4.9%	—	8.7%	—	-3.8pp
EPS (Diluted)	$1.38	—	$2.16	—	-36.1%
Free Cash Flow	$129M	—	$406M	—	-68.3%

Revenue Flow

Item	Amount
REVENUE	$4.1B
Cost of Revenue	$3.3B
GROSS PROFIT	$832M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$388M
Other Expenses	$0
Operating Expenses	$388M
Cost & Expenses	$3.7B
OPERATING INCOME	$444M
Interest Income	$0
Interest Expense	$161M
Other Income/Expenses	-$172M
INCOME BEFORE TAX	$273M
Income Tax Expense	$72M
Net Income from Continuing Ops	$201M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$201M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$201M
D&A	$192M
EBIT	$444M
EBITDA	$637M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$4.1B
Cost of Revenue	$3.3B
GROSS PROFIT	$832M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$388M
Other Expenses	$0
Operating Expenses	$388M
Cost & Expenses	$3.7B
OPERATING INCOME	$444M
Interest Income	$0
Interest Expense	$161M
Other Income/Expenses	-$172M
INCOME BEFORE TAX	$273M
Income Tax Expense	$72M
Net Income from Continuing Ops	$201M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$201M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$201M
D&A	$192M
EBIT	$444M
EBITDA	$637M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$201M
Depreciation & Amortization	$192M
Stock-Based Compensation	$21M
Deferred Income Tax	$14M
Other Non-Cash Items	$77M
Change in Working Capital	-$86M
OPERATING CASH FLOW	$419M
Capital Expenditure	-$290M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$20M
NET CASH FROM INVESTING	-$311M
Net Debt Issuance	-$62M
Common Stock Repurchased	-$158M
Common Dividends Paid	-$138M
Other Financing Activities	-$5M
NET CASH FROM FINANCING	-$363M
FREE CASH FLOW	$129M
Net Change in Cash	-$259M

Balance Sheet

Item	Amount
Cash & Equivalents	$525M
Short-Term Investments	$0
Net Receivables	$447M
Inventory	$574M
Other Current Assets	$0
TOTAL CURRENT ASSETS	$1.7B
PP&E (Net)	$1.7B
Goodwill	$318M
Intangible Assets	$34M
Long-Term Investments	$257M
Tax Assets	$0
Other Non-Current Assets	$173M
TOTAL NON-CURRENT ASSETS	$2.5B
TOTAL ASSETS	$4.1B
Account Payables	$403M
Short-Term Debt	$32M
Deferred Revenue	$0
Other Current Liabilities	$81M
TOTAL CURRENT LIABILITIES	$699M
Long-Term Debt	$2.7B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$173M
Other Non-Current Liabilities	$212M
TOTAL NON-CURRENT LIABILITIES	$3.1B
TOTAL LIABILITIES	$3.8B
Common Stock	$148M
Additional Paid-In Capital	-$813M
Retained Earnings	$1.3B
Treasury Stock	-$264M
Accum. Other Comp. Income	-$16M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$361M
Minority Interest	$0
TOTAL EQUITY	$361M
TOTAL LIABILITIES & EQUITY	$4.1B
Total Debt	$2.8B
Net Debt	$2.2B