| Address:
|
6431 W OAKTON
|
| City: |
MORTON GROVE |
|
State: |
IL |
|
Zip Code: |
60053 |
| Telephone: |
708-967-1010 |
|
Description of Business
|
Primary SIC Code:
2020 |
| (As filed with the SEC)
|
|
|
Lifeway Foods, Inc., an Illinois corporation, commenced operations in February
1986, and was incorporated under the laws of the State of Illinois on May 19,
1986. The Company's principal business activity is the manufacturing of
probiotic, cultured, functional dairy and non-dairy health food products.
Lifeway's primary products are kefir, a drinkable dairy beverage similar to but
distinct from yogurt, in several flavors sold under the name "Lifeway Kefir" and
"Helios Nutrition Organic Kefir"; a line of various drinkable yogurts sold under
the "Tuscan" and "Lassi" brands; and "BasicsPlus," a dairy based
immune-supporting dietary supplement beverage. In addition to the drinkable
products, Lifeway manufactures "Lifeway Farmer Cheese," a line of various farmer
cheeses, a line of gourmet cream cheeses, and "Sweet Kiss," a fruit
sugar-flavored spreadable cheese similar in consistency to cream cheese. ... More ... |
| Date |
12-mos
Rolling EPS |
Dividend |
P/E
Ratio |
| 09/2011 | 0.19 | NA | 56.16 | | 06/2011 | 0.17 | NA | 65.76 | | 03/2011 | 0.23 | NA | 45.30 | | 12/2010 | 0.22 | NA | 43.41 | | 09/2010 | 0.24 | NA | 43.83 | | 06/2010 | 0.27 | NA | 36.07 | | 03/2010 | 0.35 | NA | 33.91 | | 12/2009 | 0.33 | NA | 36.00 |
Key Financial Ratios and Statistics |
FYE:
12/31 |
| Profitability |
2010 |
Leverage |
2010 |
| Net Inc/Comm Equity | 1.71 | Total Liab/Total Assets | 0.35 | | Net Inc/Total Assets | 0.07 | Total Liab/Inv Cap | 0.46 | | Net Inc/Inv Cap | 0.09 | Total Liab/Comm Equity | 8.70 | | Pretax Inc/Net Sales | 0.11 | Interest Coverage Ratio | 19.37 | | Net Inc/Net Sales | 0.06 | Curr Debt/Equity | 0.08 | | Cash Flow/Net Sales | 0.10 | LTD/Equity | 0.18 | | SG&A/NetSales | 0.23 | Total Debt/Equity | 0.27 |
| Asset Utilization
|
|
Liquidity |
|
| Net Receivables Turnover | 7.43 | Quick Ratio | 1.45 | | Inventory Turnover | 10.52 | Current Ratio | 1.89 | | Inventory Day Sales | 0.03 | Net Rec/Curr Assets | 0.48 | | Net Sales/Work Cap | 7.36 | Inv/Curr Assets | 0.24 | | Net Sales/PP&E | 3.86 | | |
Income Statement (Millions) |
| |
9/30/2011
|
6/30/2011
|
3/31/2011
|
12/31/2010
|
|
Total Revenues(Net Sales)
|
17.70
|
18.20
|
17.30
|
14.73
|
|
Cost of Goods Sold
|
11.46
|
12.93
|
10.03
|
11.77
|
|
Selling & Admin Exps
|
4.47
|
4.38
|
3.81
|
3.30
|
|
Operating Income
|
1.57
|
0.70
|
3.27
|
-0.54
|
|
Interest Exp
|
0.06
|
0.07
|
0.06
|
0.09
|
|
Pretax Income
|
1.47
|
0.65
|
3.22
|
-0.37
|
|
Other Income
|
-0.03
|
0.02
|
0.01
|
0.26
|
|
Net Income Bef Extraordinary ...
|
NA
|
NA
|
NA
|
NA
|
|
Net Income
|
1.03
|
0.27
|
1.93
|
-0.24
|
|
Assets
|
9/30/2011
|
6/30/2011
|
3/31/2011
|
12/31/2010
|
|
Cash & Short Term Investments
|
2.68
|
2.57
|
3.39
|
4.31
|
|
Receivables - Total
|
9.84
|
9.30
|
8.79
|
8.13
|
|
Inventories - Total
|
5.78
|
5.61
|
4.75
|
3.99
|
|
Total Current Assets
|
18.68
|
17.97
|
17.31
|
16.84
|
|
Net Property, Plant & Equipment
|
15.38
|
15.24
|
15.13
|
15.15
|
|
Total Assets
|
53.54
|
52.89
|
52.31
|
52.06
|
|
Liabilities
|
|
|
|
|
|
Accounts Payable
|
5.74
|
5.11
|
4.81
|
4.69
|
|
Debt in Current Liabilities
|
1.92
|
1.89
|
2.36
|
2.85
|
|
Total Current Liabilities
|
8.53
|
8.71
|
8.24
|
8.89
|
|
Long-Term Debt
|
5.88
|
5.96
|
6.00
|
6.12
|
|
Total Liabilities
|
17.73
|
17.99
|
17.57
|
18.41
|
|
Stockholder's Equity
|
|
|
|
|
|
Minority Interest
|
NA
|
NA
|
NA
|
NA
|
|
Preferred Stock
|
NA
|
NA
|
NA
|
NA
|
|
Common Stock
|
6.51
|
6.51
|
6.51
|
6.51
|
|
Retained Earnings
|
34.80
|
33.77
|
33.50
|
31.58
|
|
Treasury Stock
|
-7.45
|
-7.40
|
-7.27
|
-6.43
|
|
Total Stockholders' Equity
|
35.81
|
34.90
|
34.75
|
33.65
|
|
Total Liabilities and Stockholders' Equity
|
53.54
|
52.89
|
52.31
|
52.06
|
Cash Flow Summary (Millions) |
|
Categories
|
9/30/2011
|
6/30/2011
|
3/31/2011
|
12/31/2010
|
|
Net Cash Provided by Operating Activities
|
1.74
|
-0.30
|
1.14
|
1.65
|
|
Net Cash Provided by Investing Activities
|
-1.26
|
-0.28
|
-0.56
|
1.83
|
|
Net Cash Provided by Financing Activities
|
-1.02
|
-0.10
|
-1.73
|
-1.10
|
Annual Summary Data (Millions) |
| Year |
Sales |
Net
Income |
EPS |
| 12/2006 | 27.72 | 2.90 | 0.17 | | 12/2007 | 38.73 | 3.15 | 0.19 | | 12/2008 | 44.46 | 1.91 | 0.11 | | 12/2009 | 53.92 | 5.57 | 0.33 | | 12/2010 | 58.50 | 3.62 | 0.22 | | Growth Rates | 20.53 | 5.76 | 6.66 |
| Type |
Date(Q,M) |
No.
Owners |
Shares
Held (000s) |
%
Own |
| Institutional | 12/31/11 | 39 | 2,762 | 16.82 |
|
Report Date :
1/30/2012
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