| May'19 | May'18 | May'17 | May'16 | May'15 | ||
|---|---|---|---|---|---|---|
Net sales | ||||||
3,756 | 3,423 | 3,168 | 2,993 | 2,925 | ||
Cost of sales | ||||||
2,753 | 2,544 | 2,389 | 2,332 | 2,337 | ||
Gross profit | ||||||
1,003 | 879 | 778 | 661 | 587 | ||
Selling, general and administrative expenses | ||||||
335 | 299 | 260 | 288 | 205 | ||
Income from operations | ||||||
668 | 580 | 518 | 373 | 381 | ||
Interest expense, net | ||||||
-107 | -108 | -61 | -5 | -6 | ||
Income before income taxes and equity method earnings | ||||||
561 | 471 | 457 | 367 | 375 | ||
Income tax expense | ||||||
133 | 121 | 170 | 144 | 140 | ||
Equity method investment earnings | ||||||
59 | 83 | 53 | 71 | 42 | ||
Net income | ||||||
487 | 433 | 340 | 294 | 277 | ||
Less: Income attributable to noncontrolling interests | ||||||
8 | 16 | 13 | 9 | 9 | ||
Net income attributable to Lamb Weston Holdings, Inc. | ||||||
478 | 416 | 326 | 285 | 268 | ||
Earnings per share | ||||||
Basic (in dollars per share) | ||||||
3.19 | 2.83 | 2.22 | 1.92 | 1.83 | ||
Diluted (in dollars per share) | ||||||
3.18 | 2.82 | 2.22 | 1.92 | 1.83 | ||
Dividends declared per common share (in dollars per share) | ||||||
- | - | - | 0.00 | - | ||