Company: LW
Filing Date: 2025-07-23
Form Type: 10-K
Source: 0001679273-25-000049
Chunk: 18

Company: Lamb Weston Holdings, Inc.
Filing Date: 2025-07-23
Form: 10-K
Item: Item 8
Chunk 18
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Lamb Weston Holdings, Inc. 

Consolidated Statements of Cash Flows

(dollars in millions)

For the Fiscal Years Ended May202520242023Cash flows from operating activitiesNet income$357.2 $725.5 $1,008.9 Adjustments to reconcile net income to net cash provided by operating activities:Depreciation and amortization of intangibles and debt issuance costs407.5 306.8 222.8 Stock-settled, stock-based compensation expense39.5 46.8 38.5 Gain on acquisition of investments in joint ventures— — (425.8)Equity method investment (earnings) loss, net of distributions11.9 (15.5)(35.7)Deferred income taxes0.6 (1.3)0.4 Blue chip swap transaction gains(21.1)(18.0)— Other(5.4)24.9 2.2 Changes in operating assets and liabilities:Receivables(22.2)(15.1)(53.6)Inventories112.6 (203.3)(125.1)Income taxes payable/receivable, net(10.3)20.1 (12.3)Prepaid expenses and other current assets9.5 9.7 1.8 Accounts payable2.0 36.5 83.1 Accrued liabilities(13.5)(118.9)56.5 Net cash provided by operating activities$868.3 $798.2 $761.7 Cash flows from investing activitiesAdditions to property, plant and equipment(638.2)(929.5)(654.0)Additions to other long-term assets(33.6)(62.3)(82.0)Acquisition of interests in joint venture, net— — (610.4)Acquisition of business, net of cash acquired— (10.5)— Proceeds from blue chip swap transactions, net of purchases21.1 18.0 — Other2.7 0.2 5.5 Net cash used for investing activities$(648.0)$(984.1)$(1,340.9)Cash flows from financing activitiesProceeds from short-term borrowings1,738.5 1,074.9 56.5 Repayments of short-term borrow