Lamb Weston Holdings Inc
For the period ended Aug 25, 2024. Filed Oct 2, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Aug 25, 2024 · Filed Oct 2, 2024
LW$57.11-0.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Cash Flows
(unaudited, dollars in millions)
| Thirteen Weeks Ended | ||
|---|---|---|
| August 25,2024 | August 27,2023 | |
| Cash flows from operating activities | ||
| Net income | $127.4 | $234.8 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Depreciation and amortization of intangibles and debt issuance costs | 90.5 | 70.1 |
| Stock-settled, stock-based compensation expense | 9.5 | 9.9 |
| Equity method investment earnings in excess of distributions | (0.1) | (12.2) |
| Deferred income taxes | (2.9) | 3.6 |
| Blue chip swap transaction gains | (16.6) | — |
| Other | (14.4) | 9.3 |
| Changes in operating assets and liabilities: | ||
| Receivables | 31.9 | 0.4 |
| Inventories | 10.2 | 60.2 |
| Income taxes payable/receivable, net | 49.1 | 61.2 |
| Prepaid expenses and other current assets | 50.1 | 62.8 |
| Accounts payable | 9.5 | (22.4) |
| Accrued liabilities | (14.0) | (143.1) |
| Net cash provided by operating activities | $330.2 | $334.6 |
| Cash flows from investing activities | ||
| Additions to property, plant and equipment | (325.9) | (267.3) |
| Additions to other long-term assets | (26.3) | (37.4) |
| Proceeds from blue chip swap transactions, net of purchases | 16.6 | — |
| Other | — | (0.1) |
| Net cash used for investing activities | $(335.6) | $(304.8) |
| Cash flows from financing activities | ||
| Proceeds from short-term borrowings | 398.0 | 14.0 |
| Repayments of short-term borrowings | (194.4) | (32.9) |
| Proceeds from issuance of debt | 3.3 | 15.1 |
| Repayments of debt and financing obligations | (10.2) | (13.7) |
| Dividends paid | (51.7) | (40.8) |
| Repurchase of common stock and common stock withheld to cover taxes | (92.2) | (113.5) |
| Other | (0.6) | 0.1 |
| Net cash provided by (used for) financing activities | $52.2 | $(171.7) |
| Effect of exchange rate changes on cash and cash equivalents | 2.6 | 0.4 |
| Net increase (decrease) in cash and cash equivalents | 49.4 | (141.5) |
| Cash and cash equivalents, beginning of period | 71.4 | 304.8 |
| Cash and cash equivalents, end of period | $120.8 | $163.3 |
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