Louisiana-Pacific (LPX) FY2020 results: revenue $2.4 billion, up 3.9% on the year
Louisiana-Pacific Corp. (LPX) reported revenue of $2.4 billion for fiscal 2020, the year ended 31 December 2020, up 3.9% on the year before. Net income was $499 million, and diluted earnings per share $4.46. The figures are the company's own, from the 10-K it filed with the SEC on 18 February 2021.
Revenue
$2.4 billion
+3.9% on the year
FY2013FY2020
Operating margin
25.6%
-0.9% a year earlier
FY2013FY2020
Net income
$499 million
FY2013FY2020
Diluted EPS
$4.46
FY2013FY2020
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Revenue
2,399
2,310
2,828
+3.9%
Cost of revenue
1,566
2,007
2,084
-22.0%
Gross profit
833
303
744
+174.9%
Gross margin
34.7%
13.1%
26.3%
Selling, general and administrative
195
230
209
-15.2%
Operating income
615
-20.0
526
Operating margin
25.6%
-0.9%
18.6%
Interest expense
17.0
18.0
19.0
-5.6%
Pre-tax income
605
-23.0
521
Income tax
121
-13.0
122
Effective tax rate
20.0%
n/a
23.4%
Net income
499
-5.0
395
Net margin
20.8%
-0.2%
14.0%
Diluted EPS
$4.46
-$0.04
$2.73
$ 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
FY2020
FY2019
FY2018
On the year
Last 8 years
Operating cash flow
659
159
510
+314.5%
Capital expenditure
71.0
163
214
-56.4%
Free cash flow
588
-4.0
296
Free cash flow margin
24.5%
-0.2%
10.5%
Cash from investing
-49.0
-137
-238
Cash from financing
-272
-717
-317
Depreciation and amortisation
102
118
116
-13.6%
Share-based compensation
n/a
n/a
8.6
Buybacks
200
638
212
-68.7%
Dividends paid
65.0
65.0
74.0
0.0%
Dividend per share
$0.14
$0.14
$0.13
+7.4%
Diluted shares, weighted
112m
123m
144m
-8.9%
Shares outstanding at period end
112m
112m
0
0.0%
Balance sheet
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Shareholders' equity
1,234
991
1,700
+24.5%
Redeemable equity
10.0
10.0
0.0
0.0%
Debt
348
348
352
0.0%
Operating lease liabilities
32.0
36.0
0.0
-11.1%
Finance lease liabilities
0.0
1.0
n/a
Other liabilities
462
449
462
+2.9%
Total liabilities and equity
2,086
1,835
2,514
+13.7%
Fixed assets
918
965
1,010
-4.9%
Goodwill
25.0
30.0
16.0
-16.7%
Intangible assets
55.0
61.0
51.0
-9.8%
Securities held for sale or to maturity
n/a
5.0
n/a
Cash and equivalents
535
181
878
+195.6%
Receivables
184
164
128
+12.2%
Inventory
259
265
273
-2.3%
Other assets
110
164
158
-32.9%
Total assets
2,086
1,835
2,514
+13.7%
10-K for the year ended 31 December 2020, filed 18 February 2021: the filing.