Haverty Furniture Companies, Inc. (HVT) Financial Statements (2024 and earlier)

Company Profile

Business Address 780 JOHNSON FERRY ROAD
ATLANTA, GA 30342
State of Incorp. MD
Fiscal Year End December 31
Industry (SIC) 5712 - Furniture Stores (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

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

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments123,126166,146200,05875,73971,53779,491
Cash and cash equivalents123,126166,146200,05875,73971,53779,491
Restricted cash and investments6,8046,716 6,6638,2728,115
Receivables    1,5271,8332,408
Inventory, net of allowances, customer advances and progress billings118,333112,03189,908104,817105,840103,437
Inventory118,333112,03189,908104,817105,840103,437
Prepaid expense9,70712,4189,5807,6528,10611,314
Other current assets18,28311,7469,9858,1256,2625,922
Other undisclosed current assets   6,713   
Total current assets:276,253309,057316,244204,523201,850210,687
Noncurrent Assets
Operating lease, right-of-use asset207,390222,356228,749175,474
Property, plant and equipment137,475126,099108,366156,534216,852229,215
Long-term investments and receivables    195226254
Accounts and financing receivable, after allowance for credit loss    195226254
Deferred income tax assets15,50116,37515,81413,198
Other noncurrent assets12,43012,40311,19910,1488,7078,798
Other undisclosed noncurrent assets     12,54412,375
Total noncurrent assets:372,796377,233364,128355,549238,329250,642
TOTAL ASSETS:649,049686,290680,372560,072440,179461,329
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities72,48578,35784,83067,48459,74358,083
Employee-related liabilities464458438   
Accounts payable23,34531,23531,42927,83019,84020,501
Accrued liabilities48,67646,66452,96339,65439,90337,582
Deferred revenue47,96998,89786,18330,121
Debt    29,411  
Customer advances and deposits27,813
Contract with customer, liability24,465
Other undisclosed current liabilities33,97833,12333,028 4,0183,788
Total current liabilities:154,432210,377204,041127,01688,22689,684
Noncurrent Liabilities
Long-term debt and lease obligation  196,771200,200149,59446,78550,803
Capital lease obligations46,78550,803
Liabilities, other than long-term debt205,21823,17223,16422,95930,53926,700
Other liabilities18,37323,17223,16422,95930,53926,700
Operating lease, liability186,845196,771200,200149,594
Total noncurrent liabilities:205,218219,943223,364172,55377,32477,503
Total liabilities:359,650430,320427,405299,569165,550167,187
Equity
Equity, attributable to parent, including:289,399255,970252,967260,503274,629294,142
Treasury stock, value(248,756)(219,008)(177,545)(158,102)(129,025)(111,322)
Additional paid in capital108,706102,57296,85093,20891,39488,978
Accumulated other comprehensive loss(756)(2,293)(2,560)(2,087)(1,465)(2,144)
Retained earnings398,393342,983304,626295,999282,366287,390
Other undisclosed equity, attributable to parent31,81231,71631,59631,48531,35931,240
Total equity:289,399255,970252,967260,503274,629294,142
TOTAL LIABILITIES AND EQUITY:649,049686,290680,372560,072440,179461,329

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

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues1,047,2151,012,799748,252802,291817,733819,866
Revenue, net819,866
Cost of revenue
(Cost of Goods and Services Sold)
(442,990)(438,174)(329,258)(367,803)(371,191)(374,943)
Gross profit:604,225574,625418,994434,488446,542444,923
Operating expenses(486,342)(456,321)(342,389)(407,130)(404,814)(399,750)
Operating income:117,883118,30476,60527,35841,72845,173
Interest and debt expense (154)(152)(391)(152)(2,451)(2,512)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes  5171,5181,131562
Income from continuing operations before equity method investments, income taxes:117,729118,15276,73128,72440,40843,223
Other undisclosed income from continuing operations before income taxes1,772383    
Income from continuing operations before income taxes:119,501118,53576,73128,72440,40843,223
Income tax expense(30,143)(27,732)(17,583)(6,859)(10,101)(22,148)
Income from continuing operations:89,35890,80359,14821,86530,30721,075
Income before gain (loss) on sale of properties:90,80359,14821,86530,30721,075
Net income available to common stockholders, diluted:89,35890,80359,14821,86530,30721,075

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income:89,35890,80359,14821,86530,30721,075
Other comprehensive income (loss)(513)(89)159(622)679(314)
Comprehensive income:88,84590,71459,30721,24330,98620,761
Other undisclosed comprehensive income (loss), net of tax, attributable to parent2,050356(632)   
Comprehensive income, net of tax, attributable to parent:90,89591,07058,67521,24330,98620,761

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.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: