Louisiana-Pacific (LPX) FY2018 results: revenue $2.8 billion, up 3.4% on the year
Louisiana-Pacific Corp. (LPX) reported revenue of $2.8 billion for fiscal 2018, the year ended 31 December 2018, up 3.4% on the year before. Net income was $395 million, up 1.2%, and diluted earnings per share $2.73. The figures are the company's own, from the 10-K it filed with the SEC on 13 February 2020.
Revenue
$2.8 billion
+3.4% on the year
FY2011FY2018
Operating margin
18.6%
19.5% a year earlier
FY2011FY2018
Net income
$395 million
+1.2% on the year
FY2011FY2018
Diluted EPS
$2.73
+2.6% on the year
FY2011FY2018
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Revenue
2,828
2,734
2,233
+3.4%
Cost of revenue
2,084
1,998
1,829
+4.3%
Gross profit
744
736
404
+1.1%
Gross margin
26.3%
26.9%
18.1%
Selling, general and administrative
209
191
185
+9.6%
Operating income
526
533
210
-1.3%
Operating margin
18.6%
19.5%
9.4%
Interest expense
19.0
20.0
32.1
-5.0%
Pre-tax income
521
510
170
+2.1%
Income tax
122
119
19.8
+2.4%
Effective tax rate
23.4%
23.3%
11.6%
Net income
395
390
150
+1.2%
Net margin
14.0%
14.3%
6.7%
Diluted EPS
$2.73
$2.66
$1.03
+2.6%
$ 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
FY2018
FY2017
FY2016
On the year
Last 8 years
Operating cash flow
510
474
342
+7.8%
Capital expenditure
214
149
125
+43.8%
Free cash flow
296
325
218
-8.7%
Free cash flow margin
10.5%
11.9%
9.7%
Cash from investing
-238
-199
285
Cash from financing
-317
-9.0
-407
Depreciation and amortisation
116
3.0
3.2
+3,766.7%
Share-based compensation
8.6
9.7
13.0
-11.3%
Buybacks
212
0.0
0.0
Dividends paid
74.0
0.0
0.0
Dividend per share
$0.13
n/a
n/a
Diluted shares, weighted
144m
146m
145m
-1.4%
Shares outstanding at period end
0
145m
143m
Balance sheet
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Shareholders' equity
1,700
1,604
1,196
+6.0%
Redeemable equity
0.0
n/a
n/a
Debt
352
376
377
-6.4%
Operating lease liabilities
0.0
n/a
n/a
Other liabilities
462
468
458
-1.3%
Total liabilities and equity
2,514
2,448
2,031
+2.7%
Fixed assets
1,010
926
891
+9.1%
Goodwill
16.0
16.0
9.7
0.0%
Intangible assets
51.0
55.0
n/a
-7.3%
Cash and equivalents
878
928
659
-5.3%
Receivables
128
142
108
-10.5%
Inventory
273
259
235
+5.4%
Other assets
158
122
128
+29.5%
Total assets
2,514
2,448
2,031
+2.7%
10-K for the year ended 31 December 2018, filed 13 February 2020: the filing.