HNI Corporation (HNI) Financial Statements (2024 and earlier)

Company Profile

Business Address 600 EAST SECOND STREET - PO BOX 1109
MUSCATINE, IA 52761-7109
State of Incorp. IA
Fiscal Year End December 31
Industry (SIC) 2522 - Office Furniture, Except Wood (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)

3/31/2024
MRQ
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments3519541185378
Cash and cash equivalents2917521165277
Short-term investments621211
Receivables 247218240208275255
Inventory, net of allowances, customer advances and progress billings197180182138163157
Inventory197180182138163157
Contract with customer, asset, after allowance for credit loss331111
Other undisclosed current assets554847313741
Total current assets:536469523496529532
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization12111062
Operating lease, right-of-use asset11588837073
Property, plant and equipment555353367366382385
Intangible assets, net (including goodwill), including:652440472459446463
Goodwill441306297292271271
Intangible assets, net (excluding goodwill)211134174166175193
Other undisclosed intangible assets, net (including goodwill)0     
Deferred income tax assets    10
Other noncurrent assets585343212120
Other undisclosed noncurrent assets      2
Total noncurrent assets:1,393945974922924870
TOTAL ASSETS:1,9291,4151,4981,4181,4531,402
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:419368474414453429
Employee-related liabilities55495352
Accounts payable 194165234191228221
Accrued liabilities172156121117136123
Other undisclosed accounts payable and accrued liabilities534664573633
Debt1256211
Deferred compensation liability 01111 
Self insurance reserve 65    
Other liabilities724325
Other undisclosed current liabilities2015211822 
Total current liabilities:464395506439479434
Noncurrent Liabilities
Long-term debt and lease obligation436197246232234249
Long-term debt, excluding current maturities428189175175174249
Finance lease, liability88752
Liabilities, other than long-term debt26720615615615587
Accounts payable and accrued liabilities      6
Deferred compensation liability, classified      9
Deferred income tax liabilities8561757587
Other liabilities786681816873
Operating lease, liability10479645358
Other undisclosed noncurrent liabilities (0)   67
Total noncurrent liabilities:703403401388389404
Total liabilities:1,167798908827868839
Equity
Equity, attributable to parent, including:761617590590584563
Common stock 474143434344
Additional paid in capital 2024939392018
Accumulated other comprehensive loss (11)(8)(7)(9)(8)(4)
Retained earnings 524534515518530505
Other undisclosed equity, attributable to parent(0)     
Equity, attributable to noncontrolling interest000000
Other undisclosed equity 0     
Total equity:762617590591584563
TOTAL LIABILITIES AND EQUITY:1,9291,4151,4981,4181,4531,402

Income Statement (P&L) ($ in millions)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues2,4342,3622,1841,9552,2472,258
Cost of revenue
(Cost of Goods and Services Sold)
(1,486)(1,527)(1,427)(1,234)(1,413)(1,423)
Other undisclosed gross profit      
Gross profit:948835757721834835
Operating expenses(858)(680)(672)(660)(682)(707)
Other undisclosed operating income      
Operating income:901558561151128
Nonoperating income
(Investment Income, Nonoperating)
      1
Interest and debt expense   (7)(7)(9)(10)
Income from continuing operations before equity method investments, income taxes:901557854143119
Other undisclosed loss from continuing operations before income taxes(26)(9)    
Income from continuing operations before income taxes:651467854143119
Income tax expense(16)(23)(18)(12)(32)(25)
Income from continuing operations:49124604211193
Income before gain (loss) on sale of properties:604211193
Net income:49124604211193
Net income (loss) attributable to noncontrolling interest   0(0)00
Net income available to common stockholders, diluted:49124604211193

Comprehensive Income ($ in millions)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income:49124604211193
Other comprehensive income (loss)(3)(1)2(1)(4)0
Other undisclosed comprehensive loss    (1) 
Comprehensive income:47123624110693
Comprehensive income (loss), net of tax, attributable to noncontrolling interest   0(0)00
Comprehensive income, net of tax, attributable to parent:47123624110693

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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