Louisiana-Pacific (LPX) FY2022 results: revenue $3.9 billion, down 1.6% on the year
Louisiana-Pacific Corp. (LPX) reported revenue of $3.9 billion for fiscal 2022, the year ended 31 December 2022, down 1.6% on the year before. Net income was $1.1 billion, down 21.1%, and diluted earnings per share $13.87. The figures are the company's own, from the 10-K it filed with the SEC on 21 February 2023.
Revenue
$3.9 billion
-1.6% on the year
FY2015FY2022
Operating margin
32.4%
44.3% a year earlier
FY2015FY2022
Net income
$1.1 billion
-21.1% on the year
FY2015FY2022
Diluted EPS
$13.87
-1.6% on the year
FY2015FY2022
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
FY2022
FY2021
FY2020
On the year
Last 8 years
Operating cash flow
1,144
1,484
659
-22.9%
Capital expenditure
414
254
71.0
+63.0%
Free cash flow
730
1,230
588
-40.7%
Free cash flow margin
18.9%
31.4%
24.5%
Cash from investing
-146
-247
-49.0
Cash from financing
-982
-1,388
-272
Depreciation and amortisation
129
114
102
+13.2%
Buybacks
900
1,300
200
-30.8%
Dividends paid
69.0
66.0
65.0
+4.5%
Dividend per share
$0.22
n/a
$0.14
Diluted shares, weighted
78m
98m
112m
-20.4%
Shares outstanding at period end
72m
86m
112m
-16.2%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
1,433
1,235
1,234
+16.0%
Redeemable equity
0.0
4.0
10.0
Debt
346
346
348
0.0%
Operating lease liabilities
41.0
44.0
32.0
-6.8%
Finance lease liabilities
n/a
n/a
0.0
Other liabilities
530
565
462
-6.2%
Total liabilities and equity
2,350
2,194
2,086
+7.1%
Fixed assets
1,326
1,039
918
+27.6%
Goodwill
19.0
19.0
25.0
0.0%
Intangible assets
45.0
49.0
55.0
-8.2%
Cash and equivalents
369
358
535
+3.1%
Receivables
127
191
184
-33.5%
Inventory
337
278
259
+21.2%
Other assets
127
260
110
-51.2%
Total assets
2,350
2,194
2,086
+7.1%
10-K for the year ended 31 December 2022, filed 21 February 2023: the filing.