Louisiana-Pacific (LPX) FY2021 results: revenue $3.9 billion, up 63.2% on the year
Louisiana-Pacific Corp. (LPX) reported revenue of $3.9 billion for fiscal 2021, the year ended 31 December 2021, up 63.2% on the year before. Net income was $1.4 billion, up 176.0%, and diluted earnings per share $14.09. The figures are the company's own, from the 10-K it filed with the SEC on 22 February 2022.
Revenue
$3.9 billion
+63.2% on the year
FY2014FY2021
Operating margin
44.3%
25.6% a year earlier
FY2014FY2021
Net income
$1.4 billion
+176.0% on the year
FY2014FY2021
Diluted EPS
$14.09
+215.9% on the year
FY2014FY2021
this yearthe year beforeHover a bar for its figure.
$ 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
FY2021
FY2020
FY2019
On the year
Last 8 years
Operating cash flow
1,484
659
159
+125.2%
Capital expenditure
254
71.0
163
+257.7%
Free cash flow
1,230
588
-4.0
+109.2%
Free cash flow margin
31.4%
24.5%
-0.2%
Cash from investing
-247
-49.0
-137
Cash from financing
-1,388
-272
-717
Depreciation and amortisation
114
102
118
+11.8%
Buybacks
1,300
200
638
+550.0%
Dividends paid
66.0
65.0
65.0
+1.5%
Dividend per share
n/a
$0.14
$0.14
Diluted shares, weighted
98m
112m
123m
-12.5%
Shares outstanding at period end
86m
112m
112m
-23.5%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
1,235
1,234
991
+0.1%
Redeemable equity
4.0
10.0
10.0
-60.0%
Debt
346
348
348
-0.6%
Operating lease liabilities
44.0
32.0
36.0
+37.5%
Finance lease liabilities
n/a
0.0
1.0
Other liabilities
565
462
449
+22.3%
Total liabilities and equity
2,194
2,086
1,835
+5.2%
Fixed assets
1,039
918
965
+13.2%
Goodwill
19.0
25.0
30.0
-24.0%
Intangible assets
49.0
55.0
61.0
-10.9%
Securities held for sale or to maturity
n/a
n/a
5.0
Cash and equivalents
358
535
181
-33.1%
Receivables
191
184
164
+3.8%
Inventory
278
259
265
+7.3%
Other assets
260
110
164
+136.4%
Total assets
2,194
2,086
1,835
+5.2%
10-K for the year ended 31 December 2021, filed 22 February 2022: the filing.