Lifeway Foods, Inc. LWAY Income Statement

Lifeway foods, inc. (LWAY)

Income statement / Quarterly

Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Sep'10	Jun'10
Net sales
-	22,729	23,153	24,615	-	24,480	27,096	28,742	26,257	28,786	31,733	32,117	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cost of goods sold
17,144	16,813	16,843	17,567	17,234	17,892	19,495	20,025	20,495	20,331	21,857	23,074	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Depreciation expense
-	743	747	745	-	738	725	680	-	618	597	586	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total cost of goods sold
18,055	17,556	17,590	18,312	17,937	18,630	20,220	20,705	21,134	20,949	22,454	23,660	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gross Sales
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	33,103	32,856	32,704	32,594	32,061	28,935	26,601	25,838	27,590	22,877	22,617	22,713	21,545	18,739	19,423	19,913	19,047	15,908	15,546
Less: discounts and allowances
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,481	2,703	2,594	3,028	2,929	2,669	2,808	2,760	3,203	2,096	1,997	2,160	2,148	1,972	1,721	1,715	1,743	1,315	1,261
Net sales
-	-	-	-	-	-	-	-	-	-	-	-	30,188	29,990	31,131	32,570	29,545	29,599	29,821	29,622	30,152	30,110	29,565	29,131	26,266	23,792	23,077	24,387	20,780	20,619	20,553	19,397	16,766	17,701	18,197	17,303	14,593	14,285
Cost of goods sold
-	-	-	-	-	-	-	-	-	-	-	-	21,044	21,478	20,763	23,239	22,377	20,049	22,760	21,106	22,748	21,697	21,432	21,681	21,300	16,513	15,058	15,402	14,326	13,342	12,522	12,906	14,541	10,958	12,306	9,345	8,981	8,454
Depreciation expense
-	-	-	-	-	-	-	-	-	-	-	-	526	533	633	631	604	614	604	591	513	610	627	783	399	410	421	394	409	407	413	399	389	396	390	376	349	281
Total cost of goods sold
-	-	-	-	-	-	-	-	-	-	-	-	21,570	22,011	21,396	23,870	22,981	20,663	23,364	21,697	23,262	22,308	22,060	22,465	21,699	16,924	15,480	15,797	14,736	13,750	12,935	13,305	14,930	11,354	12,697	9,722	9,330	8,735
Gross profit
5,110	5,173	5,563	6,303	5,095	5,850	6,876	8,037	5,123	7,837	9,279	8,457	8,618	7,979	9,735	8,700	6,106	8,936	6,457	8,383	6,890	7,801	7,504	6,666	4,566	6,868	7,597	8,590	6,044	6,869	7,617	6,091	1,836	6,346	5,500	7,581	5,262	5,550
Selling expenses
2,553	2,679	2,691	3,139	2,940	3,136	3,383	4,018	4,947	4,010	3,400	4,238	3,734	4,306	3,463	2,964	3,266	2,706	2,618	3,302	1,633	2,804	3,693	3,479	625	2,815	2,876	2,813	2,385	2,974	2,622	2,721	2,273	2,661	2,897	2,282	1,848	1,741
General and administrative
3,728	2,710	2,898	3,492	3,765	3,150	2,996	3,705	3,212	3,145	3,813	3,785	3,483	3,308	3,046	3,946	2,228	3,998	3,611	3,034	5,185	2,627	2,107	2,380	4,151	1,671	2,057	1,868	1,710	1,620	1,679	1,308	-175	1,921	1,707	1,837	1,329	1,478
Amortization expense
40	39	40	73	141	163	164	163	168	168	168	168	168	176	177	176	179	179	179	179	179	178	178	178	179	178	177	177	180	197	188	188	-	195	195	-	-	-
Amortization expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	195	175	175
Total operating expenses
6,321	5,428	5,629	6,704	8,090	6,449	6,543	7,886	8,327	7,323	7,381	8,191	7,385	7,790	6,686	7,086	5,673	6,883	6,408	6,515	6,998	5,610	5,979	6,039	4,956	4,664	5,112	4,859	4,276	4,792	4,490	4,218	2,293	4,779	4,800	4,316	3,353	3,395
Loss from operations
-1,211	-255	-66	-401	-2,995	-599	333	151	-3,204	514	1,898	266	1,233	189	3,049	1,614	891	2,053	49	1,410	-107	2,190	1,524	627	-389	2,203	2,485	3,730	1,768	2,077	3,126	1,872	-457	1,567	700	3,265	1,908	2,154
Other income (expense):
Interest and dividend income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	35	22	35	28	33	36	30	15	33	16	24	11	21	14	17	17	97	53
Rental income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1	1	1	0	3	2	3	3	1	4	3	3	-	4	0	-	4	2
Interest expense
47	65	68	69	51	82	75	63	62	62	61	57	59	56	47	58	57	55	59	65	82	62	66	65	69	59	37	36	41	41	43	50	51	61	72	62	86	80
Gain (loss) on sale of investments
-	-	-	-	-	-	-	-	-	-	-	-5	0	12	-15	-12	-51	1	-17	-5	59	-22	57	4	73	0	56	64	44	4	4	17	6	-33	0	-2	-1	84
Gain on sale of property and equipment
6	154	4	25	12	28	-1	15	-	-34	0	-	23	-156	-151	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other income, net
-	77	2	3	-	3	3	5	-	0	0	0	-34	28	60	17	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Impairment of investments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	90	205	0	180	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-
(Loss) / Gain on sale of property and equipment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	10	0	207	36	-1	85	-76	0	-305	0	0	0	-	-	-	-	-	-20	-	-	-	-
Other income (expense), net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	172	-26	-38	-108	-9	0	1	0	208	-209	-10	0	0	0	0	0	-	-	-	-	-	-
Other income
-	-	-	-41	-	-	-	-43	221	-96	-61	-62	-70	-172	-153	-53	-241	-233	169	-106	18	23	-47	-31	-472	188	63	46	-8	-17	-12	17	-46	-95	-54	-47	13	59
Total other income (expense)
-	166	-62	-	-	-51	-73	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss before provision for income taxes
1,894	-89	-128	-442	-3,029	-650	260	108	-3,263	418	1,837	204	1,163	17	2,896	1,561	650	1,820	218	1,304	-89	2,214	1,477	595	-861	2,392	2,549	3,776	1,795	2,059	3,114	1,854	-503	1,472	646	3,218	1,922	2,214
Benefit for income taxes
840	-17	13	-54	-217	-136	90	38	-1,514	175	801	80	682	81	789	606	323	927	120	650	-65	1,201	807	298	-391	702	1,145	1,411	721	657	1,065	759	-137	441	380	1,292	1,017	1,029
Net income (loss)
1,054	-72	-141	-388	-2,812	-514	170	70	-1,749	243	1,036	124	481	-64	2,107	955	327	893	98	654	-24	1,013	669	297	-469	1,689	1,403	2,365	1,073	1,402	2,049	1,094	-365	1,030	265	1,925	904	1,184
Basic loss per common share
0.06	0.00	-0.01	-0.02	-0.17	-0.03	0.01	0.00	-0.11	0.02	0.06	0.01	0.03	0.00	0.13	0.06	-	0.05	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Diluted loss per common share
0.06	0.00	-0.01	-0.02	-0.17	-0.03	0.01	0.00	-0.11	0.02	0.06	0.01	0.03	0.00	0.13	0.06	-	0.05	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Weighted average number of shares outstanding - Basic
15,710	15,740	15,775	15,767	15,829	15,872	15,879	15,908	16,019	16,093	16,154	16,154	16,141	16,141	16,149	16,189	-	16	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Weighted average number of shares outstanding - Diluted
15,934	15,740	15,775	15,767	17,009	16,256	15,992	16,019	15,893	16,168	16,203	16,156	16,141	16,161	16,149	16,189	-	16	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Basic and diluted earnings per common share
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.01	0.04	0.00	0.06	0.04	0.02	-0.02	0.10	0.09	0.14	0.05	0.09	0.13	0.07	-0.03	0.06	0.02	0.12	0.05	0.07
Weighted average number of shares outstanding
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	16	16	-48,972	16,346	16,346	16,346	-48,972	16,346	16,346	16,346	16,351	16,366	16,376	16,397	16,419	16,428	16,434	16,489	16,625	16,701
Net income (loss)
1,054	-72	-141	-388	-2,812	-514	170	70	-1,749	243	1,036	124	481	-64	2,107	955	327	893	98	654	-24	1,013	669	297	-469	1,689	1,403	2,365	1,073	1,402	2,049	1,094	-365	1,030	265	1,925	904	1,184
Unrealized gains on investments, net of $0 and $38 of taxes
-	-	-	-	-	-	-	-	-	-	-	-	1	6	12	43	201	-183	-31	-34	-	-	-	-	46	29	-63	51	27	62	-15	29	74	-83	10	15	101	-55
Other than temporary impairment of investments, net of taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-23	0	-4	-103	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Unrealized gains (losses) on investments (net of tax)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-93	63	8	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Realized (gains) losses on investments, net of $0 and $6 of taxes
-	-	-	-	-	-	-	-	-	-	-	-	0	-8	24	-7	-95	124	18	-3	-36	13	-34	-2	-	-0	-32	-	-	-	-	-	-	-	-	-	-	-
Less reclassification adjustment for (gains) losses included in net income (net of taxes)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	36	-	2	2	-10	3	-18	0	-1	-	-
Less reclassification adjustment for (gains) losses included in net income (net of taxes)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-49
Comprehensive income (loss)
-	-	-	-	-	-	-	-	-	-	-	-	482	-66	2,143	991	456	834	89	720	-184	933	698	302	-463	1,719	1,307	2,380	1,054	1,462	2,031	1,134	-294	965	275	1,942	1,007	1,079