Louisiana-Pacific Corporation Financial Statements — LPX

Income Statement	2010 Y	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y
Sales/Revenue/Turnover	1,384	1,329	1,691	2,085	1,935	1,892	2,233	2,734	2,828	2,310	2,788	3,915	3,854	2,581	2,941
- Cost of Revenue	1,188	1,223	1,383	1,637	1,758	1,683	1,829	1,998	2,084	2,007	1,920	1,952	2,355	1,988	2,110
+ Cost of Goods & Services	1,188	1,223	1,383	1,637	1,758	1,683	1,829	1,998	2,084	2,007	1,920	1,952	2,355	1,988	2,110
+ Sales & Services Revenue	1,384	1,329	1,691	2,085	1,935	1,892	2,233	2,734	2,828	2,310	2,788	3,915	3,854	2,581	2,941
Gross Profit	196	106	308	448	177	210	404	736	744	303	867	1,963	1,498	593	832
- Operating Expenses	201	178	199	268	262	271	202	196	197	219	202	224	256	258	294
+ Research & Development	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Operating Expense	82	67	70	118	113	118	17	5	-12	-11	-9	1	-8	1	3
+ Selling, General & Admin	119	111	128	150	150	153	185	191	209	230	211	223	264	257	291
+ Other Operating Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Operating Income (Loss)	-5	-72	109	181	-85	-61	202	540	547	84	665	1,739	1,242	335	538
- Non-Operating (Income) Loss	43	118	74	-26	20	34	37	30	23	107	44	39	87	87	-9
+ Interest Expense, Net	61	54	48	35	29	30	23	8	-3	8	15	11	-5	-5	-9
+ Interest Expense	61	54	48	35	29	30	31	18	15	17	17	12	9	13	13
- Interest Income	- -	- -	- -	- -	- -	- -	8	10	18	9	2	1	14	18	22
+ Other Non-Op (Income) Loss	-18	64	26	-61	-9	4	14	22	26	99	29	28	92	92	- -
Pretax Income	-48	-190	35	207	-105	-95	165	510	524	-23	621	1,700	1,155	248	547
- (Income) Loss from Affiliates	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Income Tax Expense (Benefit)	-22	-41	7	41	-27	-3	20	119	122	-13	125	402	274	74	140
Income (Loss) from Cont Ops	-32	-176	30	177	-73	-86	150	391	399	-10	497	1,302	885	178	420
- Net Extraordinary Losses (Gains)	6	6	1	- -	2	2	- -	1	4	-10	-4	-79	-204	- -	- -
+ Discontinued Operations	-6	-6	-1	- -	-2	-2	- -	-1	-4	- -	- -	71	198	- -	- -
+ Extraord. & Accounting Changes	13	11	1	1	4	4	1	2	8	-10	-4	-150	-402	- -	- -
Income (Loss) Incl. MI	-39	-181	29	177	-75	-88	150	390	395	- -	501	1,381	1,089	178	420
- Minority Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	5	2	4	3	- -	- -
Net Income, GAAP	-39	-181	29	177	-75	-88	150	390	395	-5	499	1,377	1,086	178	420
- Other Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Preferred Dividends	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Income Avail to Common, GAAP	-39	-181	29	177	-75	-88	150	390	395	-5	499	1,377	1,086	178	420
Basic Weighted Avg Shares	129	133	137	140	141	142	143	144	143	123	111	97	78	72	71
Basic EPS, GAAP	-0.3	-1.36	0.21	1.27	-0.53	-0.62	1.04	2.71	2.76	-0.04	4.5	14.2	13.92	2.47	5.92
Basic EPS from Cont Ops	-0.25	-1.32	0.22	1.27	-0.52	-0.6	1.05	2.72	2.79	-0.08	4.48	13.42	11.35	2.47	5.92
Diluted Weighted Avg Shares	129	133	143	144	141	142	145	146	144	123	112	98	78	72	71
Diluted EPS, GAAP	-0.3	-1.36	0.2	1.23	-0.53	-0.62	1.03	2.67	2.74	-0.04	4.46	14.05	13.92	2.47	5.92
Diluted EPS from Cont Ops	-0.25	-1.32	0.21	1.23	-0.52	-0.6	1.03	2.68	2.76	-0.08	4.44	13.29	11.35	2.47	5.92
EBITDA	77	6	182	272	15	40	315	663	667	207	776	1,858	1,374	454	664
EBITDA Margin (%)	5.55	0.49	10.79	13.04	0.79	2.14	14.09	24.25	23.59	8.96	27.83	47.46	35.65	17.59	22.58
EBITA	-5	-72	109	181	-85	-61	202	540	547	84	665	1,739	1,242	335	538
EBIT	-5	-72	109	181	-85	-61	202	540	547	84	665	1,739	1,242	335	538
Gross Margin (%)	14.14	7.99	18.21	21.5	9.15	11.09	18.1	26.92	26.31	13.12	31.13	50.14	38.89	22.98	28.26
Operating Margin (%)	-0.38	-5.4	6.45	8.66	-4.41	-3.24	9.04	19.75	19.34	3.64	23.85	44.42	32.23	12.98	18.29
Profit Margin (%)	-2.82	-13.64	1.7	8.49	-3.9	-4.66	6.71	14.26	13.97	-0.22	17.9	35.17	28.18	6.9	14.28
Sales per Employee	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Dividend per Share	- -	- -	- -	- -	- -	- -	- -	- -	0.52	0.53	0.59	0.68	0.88	0.96	1.04
Depreciation Expense	82	78	73	91	101	102	113	123	120	123	111	119	132	119	126

Balance Sheet	2010 Y	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y
Total Current Assets	714	657	981	1,034	950	769	1,008	1,360	1,287	619	993	890	854	778	855
+ Accounts & Notes Receiv	86	79	174	78	108	96	108	165	128	164	184	169	128	155	132
+ Accounts Receivable, Net	55	56	76	69	96	83	96	125	88	111	161	156	106	104	100
+ Loans Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Notes Receivable, Net	- -	10	91	- -	- -	- -	- -	22	- -	- -	- -	- -	- -	- -	- -
+ Other Receivable, Net	31	13	7	9	12	14	12	18	40	53	23	13	22	51	32
+ Cash, Cash Equivalents & STI	389	340	561	657	533	435	659	928	878	181	535	358	369	222	340
+ Cash & Cash Equivalents	389	340	561	657	533	435	659	928	878	181	535	358	369	222	340
+ ST Investments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inventories	152	164	210	224	230	222	235	259	273	265	259	277	336	378	358
+ Inventory Adjustments	-1	-1	-1	-1	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Finished Goods	100	110	143	139	150	123	140	154	168	160	146	150	180	217	220
+ Work In Process	- -	- -	- -	11	19	18	17	24	23	26	28	20	25	27	33
+ Raw Materials	52	55	68	75	61	80	78	81	82	79	85	107	131	134	105
+ Other Inventory	- -	- -	- -	1	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other ST Assets	87	75	36	75	79	16	6	8	8	9	15	86	21	23	25
+ ST Assets Held-for-Sale	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc ST Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Prepaid Expenses	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Noncurrent Assets	1,697	1,483	1,350	1,459	1,398	1,407	1,023	1,089	1,227	1,216	1,095	1,304	1,497	1,659	1,713
+ LT Investments & Receivables	125	80	71	7	5	8	6	8	49	10	11	7	6	5	17
+ LT Investments	125	80	71	7	5	8	6	8	49	10	11	7	6	5	17
+ LT Receivables	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Property, Plant & Equip, Net	917	782	766	887	851	862	891	926	1,010	1,009	958	1,090	1,370	1,565	1,617
- Accumulated Depreciation	1,195	1,246	1,349	1,408	1,464	1,530	1,577	1,660	1,586	1,564	1,644	1,596	1,672	1,753	1,849
+ Property, Plant & Equip	2,112	2,028	2,115	2,295	2,315	2,392	2,468	2,586	2,596	2,573	2,602	2,686	3,042	3,318	3,466
+ Other LT Assets	654	621	514	565	543	537	125	155	168	197	126	207	121	89	79
+ LT Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Intangible Assets	2	1	- -	10	10	10	10	27	26	50	81	68	64	51	49
+ Goodwill	- -	- -	- -	10	10	10	10	16	16	- -	25	19	19	19	19
+ Other Intangible Assets	2	1	- -	- -	- -	- -	- -	11	10	50	56	49	45	32	30
+ Misc LT Assets	652	620	514	556	533	527	116	128	142	147	45	139	57	38	30
Total Assets	2,411	2,140	2,331	2,493	2,349	2,176	2,031	2,448	2,514	1,835	2,086	2,194	2,350	2,437	2,569
+ Payables & Accruals	98	110	128	150	156	134	214	233	255	234	277	310	328	253	291
+ Other Payables & Accruals	40	47	51	65	73	56	89	113	114	100	119	105	121	104	137
+ Accounts Payable	54	59	71	83	80	73	90	112	116	127	125	180	178	141	139
+ Interest & Dividends Payable	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Accrued Taxes	5	4	5	2	3	4	35	8	25	7	33	25	29	8	15
+ ST Debt	- -	13	98	2	2	2	3	25	5	8	8	7	8	6	8
+ ST Borrowings	- -	13	98	2	2	2	3	25	5	- -	- -	- -	- -	- -	- -
+ ST Finance Leases	- -	- -	- -	- -	- -	- -	- -	- -	- -	8	8	7	8	6	8
+ Other ST Liabilities	36	16	14	14	14	7	12	12	42	39	10	43	7	15	13
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	40	37	9	9	7	15	13
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc ST Liabilities	36	16	14	14	14	7	12	12	2	2	1	34	- -	- -	- -
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Current Liabilities	135	140	239	166	173	143	229	270	302	281	295	360	343	274	312
+ LT Debt	714	716	783	763	755	752	374	351	347	384	381	390	387	372	372
+ LT Borrowings	714	716	783	763	755	752	374	351	347	347	348	346	346	347	348
+ LT Finance Leases	- -	- -	- -	- -	- -	- -	- -	- -	- -	37	33	44	41	25	24
+ Other LT Liabilities	320	284	275	338	306	264	232	223	165	169	166	205	186	234	214
+ Accrued Liabilities	165	106	94	189	140	100	28	33	62	73	78	86	113	162	145
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Liabilities	156	178	182	149	166	165	205	190	70	64	62	99	65	63	60
+ Pension Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	33	32	26	20	8	9	9
Total Noncurrent Liabilities	1,035	1,000	1,058	1,101	1,060	1,016	607	574	512	553	547	595	573	606	586
Total Liabilities	1,170	1,139	1,297	1,267	1,233	1,159	836	844	814	834	842	955	916	880	898
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Share Capital & APIC	704	700	684	660	660	650	632	624	611	584	576	560	550	553	564
+ Additional Paid in Capital	559	550	534	508	507	496	478	471	458	454	452	458	462	465	478
+ Common Stock	145	150	150	152	153	153	153	153	153	130	124	102	88	88	86
- Treasury Stock	280	274	253	232	225	211	189	178	378	406	397	390	388	386	386
+ Retained Earnings	863	682	711	888	812	724	890	1,280	1,613	966	1,206	1,239	1,371	1,479	1,615
+ Other Equity	-70	-106	-108	-89	-131	-146	-137	-122	-146	-153	-151	-174	-99	-89	-122
Equity Before Minority Interest	1,218	1,001	1,034	1,226	1,116	1,017	1,196	1,604	1,700	991	1,234	1,235	1,434	1,557	1,671
+ Minority/Non Controlling Interest	23	- -	- -	- -	- -	- -	- -	- -	- -	10	10	4	- -	- -	- -
Total Equity	1,241	1,001	1,034	1,226	1,116	1,017	1,196	1,604	1,700	1,001	1,244	1,239	1,434	1,557	1,671
Total Liabilities & Equity	2,411	2,140	2,331	2,493	2,349	2,176	2,031	2,448	2,514	1,835	2,086	2,194	2,350	2,437	2,569
Shares Outstanding	132	137	139	141	142	143	144	145	137	112	106	86	72	72	70
Capital Leases - Total	- -	- -	- -	- -	- -	- -	- -	- -	- -	45	41	51	49	31	32
Net Debt	325	389	320	108	224	319	-282	-552	-526	166	-187	-12	-23	125	8
Net Debt to Equity	26.23	38.88	30.92	8.82	20.12	31.39	-23.61	-34.41	-30.94	16.58	-15.03	-0.97	-1.6	8.03	0.48
Tangible Common Equity Ratio	51.42	46.74	44.35	48.99	47.29	46.49	58.67	65.15	67.28	53.28	58	55.08	59.93	63.12	64.37
Current Ratio	5.29	4.71	4.1	6.22	5.5	5.38	4.41	5.03	4.26	2.2	3.37	2.47	2.49	2.84	2.74
Cash Conversion Cycle	42.8	45.69	46.94	44.08	45.84	49.53	44.02	41.58	40.46	42.46	43.58	36.63	32.85	51.72	51.87
Number of Employees	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Cash Flow Statement	2010 Y	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y
+ Net Income	-39	-181	29	175	-75	-88	150	390	395	-10	497	1,373	1,083	178	420
+ Depreciation & Amortization	82	78	73	91	101	102	113	123	120	123	111	119	132	119	126
+ Non-Cash Items	-2	101	52	-57	-2	26	32	21	21	107	36	36	-41	147	10
+ Asset Impairment Charge	17	15	- -	- -	- -	- -	- -	- -	11	92	16	6	1	30	5
+ Deferred Income Taxes	- -	- -	- -	- -	- -	- -	- -	1	27	10	2	7	1	44	-4
+ Other Non-Cash Adj	-28	79	43	-66	-12	17	19	10	-26	5	18	23	-43	73	9
+ Stock-Based Compensation	9	8	8	9	9	9	13	10	9	- -	- -	- -	- -	- -	- -
+ Chg in Non-Cash Work Cap	7	-39	-42	33	-76	-11	48	-58	-18	-60	15	-44	-30	-128	49
+ (Inc) Dec in Accts Receiv	33	14	-13	4	-34	11	-9	-35	3	-21	-53	-14	22	-8	3
+ Inc (Dec) in Accts Payable	-3	-5	12	12	-8	-20	67	2	-19	-41	84	41	21	-73	42
+ (Inc) Dec in Inventories	-8	-15	-44	-18	-9	4	-11	-23	-2	3	-12	-71	-66	-46	9
+ (Inc) Dec in Prepaid Assets	1	- -	- -	-2	- -	2	1	-2	- -	-1	-4	- -	-7	-1	-5
+ Inc (Dec) in Other	-16	-32	4	36	-24	-7	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	-2	-7	-1	- -	- -	- -	- -	- -
Cash from Operating Activities	48	-40	112	242	-53	29	342	474	511	159	659	1,484	1,144	316	605
+ Change in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Acq of Fixed & Intang	-14	-21	-31	-76	-80	-114	-125	-149	-214	-163	-77	-254	-414	-300	-183
+ Acq of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Acq of Fixed Prod Assets	-14	-21	-31	-76	-80	-114	-125	-149	-214	-163	-77	-254	-414	-300	-183
+ Disp in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp of Fixed Prod Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Net Change in LT Investment	22	19	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Dec in LT Investment	22	19	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inc in LT Investment	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Net Cash From Acq & Div	5	-10	13	-51	3	1	- -	-21	-45	27	15	- -	268	- -	-17
+ Cash for Acq of Subs	- -	-10	- -	-67	- -	- -	- -	-21	-45	-3	- -	- -	- -	- -	-17
+ Cash from Divestitures	5	- -	13	17	3	1	- -	- -	- -	30	15	- -	268	- -	- -
+ Cash for JVs	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Investing Activities	108	20	40	109	14	-3	410	-29	21	-1	13	7	- -	-76	17
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Investing Activities	120	8	22	-17	-64	-116	285	-199	-238	-137	-49	-247	-146	-376	-183
+ Dividends Paid	- -	- -	- -	- -	- -	- -	- -	- -	-74	-65	-65	-66	-69	-69	-74
+ Net Cash From Debt	-174	10	97	-113	-2	-2	-392	-3	-25	-5	- -	-9	- -	- -	- -
+ Cash From Debt	- -	10	350	- -	- -	- -	350	- -	- -	- -	350	350	- -	80	- -
+ Repayments of Debt	-174	- -	-253	-113	-2	-2	-742	-3	-25	-5	-350	-359	- -	-80	- -
+ Cash (Repurchase) of Equity	- -	- -	1	- -	- -	1	- -	- -	-212	-638	-200	-1,300	-900	- -	-212
+ Decrease in Capital Stock	- -	- -	- -	- -	- -	- -	- -	- -	-212	-638	-200	-1,300	-900	- -	-212
+ Increase in Capital Stock	- -	- -	1	- -	- -	1	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Financing Activities	- -	-26	-6	-13	-2	-3	-14	-6	-6	-9	-7	-13	-13	-8	-6
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Financing Activities	-174	-16	92	-126	-4	-4	-407	-9	-317	-717	-272	-1,388	-982	-77	-292
Effect of Foreign Exchange Rates	1	-1	-4	-3	-4	-7	3	3	-5	-2	2	-14	-5	-24	-12
Net Changes in Cash	-6	-48	225	99	-120	-91	220	266	-44	-695	338	-151	16	-137	130
Capital Expenditures	-14	-21	-31	-76	-80	-114	-125	-149	-214	-163	-77	-254	-414	-300	-183
EBITDA	77	6	182	272	15	40	315	663	667	207	776	1,858	1,374	454	664
EBITDA Margin (%)	5.55	0.49	10.79	13.04	0.79	2.14	14.09	24.25	23.59	8.96	27.83	47.46	35.65	17.59	22.58
Net Cash Paid for Acquisitions	-5	10	-13	51	-3	-1	- -	21	45	-27	-15	- -	-268	- -	17
Free Cash Flow	33	-62	81	167	-133	-85	218	325	297	-4	582	1,230	730	16	422
Free Cash Flow to Firm	- -	- -	119	195	- -	- -	245	339	309	- -	596	1,239	737	25	432
Free Cash Flow to Equity	-141	-52	178	54	-135	-87	-175	322	272	-9	582	1,221	730	16	422
Free Cash Flow per Basic Share	0.26	-0.46	0.59	1.2	-0.94	-0.59	1.52	2.26	2.08	-0.03	5.24	12.68	9.36	0.22	5.94
Price/Free Cash Flow	17.47	-50.94	17.17	7.48	76.57	15.98	5.25	5.49	4.02	10.52	5.36	4.24	2.88	8.18	9.33
Cash Flow to Net Income	-1.23	0.22	3.88	1.37	0.7	-0.33	2.29	1.22	1.29	-31.8	1.32	1.08	1.05	1.78	1.44

Louisiana-Pacific Corporation

Income Statement

Balance Sheet

Cash Flow Statement