Company: LPX
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001628280-25-038227
Chunk: 0

Company: LOUISIANA-PACIFIC CORP
Filing Date: 2025-08-06
Form: 10-Q
Item: Part I, Item 1
Chunk 0
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          72                                       70                       72             

The accompanying Notes are an integral part of these unaudited Condensed Consolidated Financial Statements.

Condensed Consolidated Statements of Comprehensive Income

Amounts in millions

(Unaudited)

                                                     Three Months Ended June 30,                         Six Months Ended June 30,                               
                                                     2025                             2024               2025                                    2024            
 ─────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Net income                                         $                                $         160      $                              145      $          267  
  Other comprehensive income (loss), net of tax                                                                                                                  
  Foreign currency translation adjustments           6                                ( 4)               18                                      ( 20)           
  Comprehensive income                               $                                $         156      $                              163      $          248  

The accompanying Notes are an integral part of these unaudited Condensed Consolidated Financial Statements.

Condensed Consolidated Balance Sheets

Amounts in millions, except per share amounts

(Unaudited)

                                                                                                                                                                                                            June 30, 2025                 December 31, 2024             
 ────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  ASSETS                                                                                                                                                                                                                                                                
  Cash and cash equivalents                                                                                                                                                                                             $        333                      $        340  
  Receivables, net of allowance for doubtful accounts of $ 1 as of June 30, 2025 and December 31, 2024                                                                                                                168                               131             
  Inventories                                                                                                                                                                                                         370                               357             
  Prepaid expenses and other current assets                                                                                                                                                                            24                                27             
  Total current assets                                                                                                                                                                                                895                               855             
  Property, plant, and equipment, net                                                                                                                                                                                          1,639                             1,592  
  Timber and timberlands                                                                                                                                                                                               25                                29             
  Operating lease assets, net                                                                                                                                                                                          23                                25             
  Goodwill and other intangible assets                                                                                                                                                                                 25                                26             
  Investments in and advances to affiliates                                                                                                                                                                            18                                17             
  Other assets                                                                                                                                                                                                         23                                20             
  Deferred tax asset                                                                                                                                                                                                    7                                 4             
  Total assets                                                                                                                                                                                                          $      2,656                      $      2,569  
  LIABILITIES AND STOCKHOLDERS’ E