LOUISIANA-PACIFIC CORPORATION

LPX ·Basic Materials, Lumber & Wood Production, United States
Financial Statements Cash Flow Statement
Annual Quarterly

Cash Flow Statement

Line Item FY2025 FY2024 FY2023 FY2022 FY2021 FY2020 FY2019 FY2018
Operating Activities
Net Income $146.0M $420.0M $178.0M $1.09B $1.38B $499.0M $-5.0M $395.0M
Depreciation & Amortization $145.0M $126.0M $119.0M $129.0M $114.0M $102.0M $118.0M $116.0M
Depreciation
Amortization $3.0M $4.0M $5.0M $5.0M $5.0M $5.0M $4.0M
Stock-Based Compensation $30.0M $20.0M $13.0M $8.6M
Net Cash from Operating Activities $382.0M $605.0M $316.0M $1.14B $1.48B $659.0M $159.0M $511.0M
Investing Activities
Capital Expenditures $291.0M $183.0M $300.0M $414.0M $254.0M $71.0M $163.0M $214.0M
Business Acquisitions $0 $0 $80.0M $0 $0 $0 $-30.0M $0
Net Cash from Investing Activities $-291.0M $-183.0M $-376.0M $-146.0M $-247.0M $-49.0M $-137.0M $-238.0M
Financing Activities
Dividends Paid $78.0M $74.0M $69.0M $69.0M $66.0M $65.0M $65.0M $74.0M
Stock Repurchases $61.0M $212.0M $0 $900.0M $1.30B $200.0M $638.0M $212.0M
Net Cash from Financing Activities $-141.0M $-292.0M $-77.0M $-982.0M $-1.39B $-272.0M $-717.0M $-317.0M
Net Change in Cash $-48.0M $118.0M $-161.0M $12.0M $-164.0M $340.0M $-697.0M $-49.0M
Free Cash Flow $91.0M $422.0M $16.0M $730.0M $1.23B $588.0M $-4.0M $297.0M
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Benjamin Graham

Those who do not remember the past are condemned to repeat it.