Louisiana-Pacific (LPX) FY2017 results: revenue $2.7 billion, up 22.4% on the year
Louisiana-Pacific Corp. (LPX) reported revenue of $2.7 billion for fiscal 2017, the year ended 31 December 2017, up 22.4% on the year before. Net income was $390 million, up 160.2%, and diluted earnings per share $2.66. The figures are the company's own, from the 10-K it filed with the SEC on 13 February 2020.
Revenue
$2.7 billion
+22.4% on the year
FY2010FY2017
Operating margin
19.5%
9.4% a year earlier
FY2010FY2017
Net income
$390 million
+160.2% on the year
FY2010FY2017
Diluted EPS
$2.66
+158.3% on the year
FY2010FY2017
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Revenue
2,734
2,233
1,892
+22.4%
Cost of revenue
1,998
1,829
1,683
+9.2%
Gross profit
736
404
210
+82.0%
Gross margin
26.9%
18.1%
11.1%
Selling, general and administrative
191
185
153
+3.2%
Operating income
533
210
-63.3
+153.6%
Operating margin
19.5%
9.4%
-3.3%
Interest expense
20.0
32.1
31.2
-37.7%
Pre-tax income
510
170
-88.7
+199.9%
Income tax
119
19.8
-2.7
+501.5%
Effective tax rate
23.3%
11.6%
n/a
Net income
390
150
-88.1
+160.2%
Net margin
14.3%
6.7%
-4.7%
Diluted EPS
$2.66
$1.03
-$0.62
+158.3%
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Operating cash flow
474
342
29.2
+38.4%
Capital expenditure
149
125
114
+19.4%
Free cash flow
325
218
-84.6
+49.3%
Free cash flow margin
11.9%
9.7%
-4.5%
Cash from investing
-199
285
-116
Cash from financing
-9.0
-407
-4.4
Depreciation and amortisation
3.0
3.2
0.0
-6.2%
Share-based compensation
9.7
13.0
9.3
-25.4%
Buybacks
0.0
0.0
n/a
Dividends paid
0.0
0.0
n/a
Diluted shares, weighted
146m
145m
142m
+0.8%
Shares outstanding at period end
145m
143m
n/a
+1.2%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
1,604
1,196
1,017
+34.2%
Debt
376
377
754
-0.3%
Other liabilities
468
458
405
+2.1%
Total liabilities and equity
2,448
2,031
2,176
+20.5%
Fixed assets
926
891
862
+3.9%
Goodwill
16.0
9.7
9.7
+64.9%
Intangible assets
55.0
n/a
n/a
Cash and equivalents
928
659
435
+40.8%
Receivables
142
108
96.4
+31.6%
Inventory
259
235
222
+10.4%
Other assets
122
128
551
-4.8%
Total assets
2,448
2,031
2,176
+20.5%
10-K for the year ended 31 December 2017, filed 13 February 2020: the filing.