Company: LW
Filing Date: 2025-04-03
Form Type: 10-Q
Source: 0001679273-25-000026
Chunk: 15

Company: Lamb Weston Holdings, Inc.
Filing Date: 2025-04-03
Form: 10-Q
Item: Part I, Item 1
Chunk 15
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 Notes to Consolidated Financial Statements.

6

Lamb Weston Holdings, Inc.

Consolidated Statements of Cash Flows

(unaudited, dollars in millions)

Thirty-Nine Weeks EndedFebruary 23,2025February 25,2024Cash flows from operating activitiesNet income$237.3 $595.8 Adjustments to reconcile net income to net cash provided by operating activities:Depreciation and amortization of intangibles and debt issuance costs313.2 220.0 Stock-settled, stock-based compensation expense31.0 34.4 Equity method investment (earnings) loss, net of distributions10.1 (4.8)Deferred income taxes(3.1)1.3 Blue chip swap transaction gains(20.5)(14.5)Other5.5 11.5 Changes in operating assets and liabilities:Receivables18.1 (8.6)Inventories(120.6)(275.0)Income taxes payable/receivable, net(0.2)36.3 Prepaid expenses and other current assets(17.9)(5.9)Accounts payable45.4 (25.6)Accrued liabilities(13.0)(83.4)Net cash provided by operating activities$485.3 $481.5 Cash flows from investing activitiesAdditions to property, plant and equipment(550.4)(763.4)Additions to other long-term assets(33.2)(64.9)Acquisition of business, net of cash acquired— (11.2)Proceeds from blue chip swap transactions, net of purchases20.5 14.5 Other4.1 0.2 Net cash used for investing activities$(559.0)$(824.8)Cash flows from financing activitiesProceeds from short-term borrowings1,286.9 843.1 Repayments of short-term borrowings(1,124.7)(464.0)Proceeds from issuance of debt525.3 50.1 Repayments of debt and financing obligations(255.5)(42.0)Dividends paid(154.7)(122.0)Repurchase of common stock and common stock withheld to cover taxes(193.8)(165.1)Other(14.1)— Net cash provided by financing activities$69.4 $100.1 Effect of exchange rate changes