HNI Corporation (HNI) financial statements (2020 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
SIC 2522 - Office Furniture, Except Wood (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments53543050784633
Cash and cash equivalents52532948774431
Short-term investments1122122
Receivables275272245225255255239
Inventory, net of allowances, customer advances and progress billings163182194171157175185
Inventory163182194171157175185
Contract with customer, asset1111100
Other undisclosed current assets37364139413849
Total current assets:529545511484532514507
Noncurrent Assets
Finance lease, right-of-use asset222 
Operating lease, right-of-use asset737268 
Property, plant and equipment382380386388385379377
Intangible assets, net (including goodwill)446449453459463481482
Goodwill271271271271271283279
Intangible assets, net (excluding goodwill)175179183188193198202
Contract with customer, asset, net   2   
Deferred income tax assets002 
Other noncurrent assets21222018202222
Other undisclosed noncurrent assets   72200
Total noncurrent assets:924926931939870882881
TOTAL ASSETS:1,4531,4701,4421,4231,4021,3961,388
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:453435396346429431409
Accounts payable228   221  
Accrued liabilities1361099123910
Employee-related liabilities53   52  
Other undisclosed accounts payable and accrued liabilities3642638733733421400
Debt122230110
Deferred compensation liability1      
Other liabilities2243553
Other undisclosed current liabilities22  23   
Total current liabilities:479459423373434436413
Noncurrent Liabilities
Long-term debt and lease obligation234301342296249249296
Long-term debt, excluding current maturities174239285296249249296
Finance lease, liability222 
Operating lease, liability585955 
Liabilities, other than long-term debt15515014874878482
Accounts payable and accrued liabilities   6666
Deferred compensation liability, classified    9  
Deferred income tax liabilities878684 
Other liabilities68646468737876
Other undisclosed noncurrent liabilities   136677472
Total noncurrent liabilities:389451489505404407450
Total liabilities:868910913878839843863
Stockholders' equity
Stockholders' equity attributable to parent584560529545563553525
Common stock43434343444444
Additional paid in capital20191716182826
Accumulated other comprehensive loss(8)(7)(6)(4)(4)(4)(3)
Retained earnings530506475490505485458
Stockholders' equity attributable to noncontrolling interest0000011
Total stockholders' equity:584560530545563553525
TOTAL LIABILITIES AND EQUITY:1,4531,4701,4421,4231,4021,3961,388

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

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
Revenues616625526479598611544
Cost of revenue
(Cost of Goods and Services Sold)
(382)(388)(333)(310)(374)(378)(343)
Gross profit:234238193170224233201
Operating expenses(170)(177)(169)(166)(180)(180)(174)
Operating income:6461234445427
Nonoperating income
(Investment Income, Nonoperating)
  00000
Interest and debt expense  (3)(2)(2)(3)(3)
Other undisclosed loss from continuing operations before equity method investments, income taxes(2)(2)     
Income from continuing operations before income taxes:6258212425124
Income tax expense(14)(12)(5)(1)(9)(11)(6)
Net income:4846161324019
Net income (loss) attributable to noncontrolling interest 0(0)00 0
Net income available to common stockholders, diluted:4846161324019

Comprehensive Income ($ in millions)

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
Net income:4846161324019
Other comprehensive income (loss)(1)(1)(2)01(1)(1)
Other undisclosed comprehensive loss   (1)   
Comprehensive income:4745141333918
Comprehensive income (loss), net of tax, attributable to noncontrolling interest 0(0)00 0
Comprehensive income, net of tax, attributable to parent:4745141333918

Statements sources

The financial statements are based on the company's filings with the 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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