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
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments109,143120,170123,126137,226143,454162,340
Cash and cash equivalents109,143120,170123,126137,226143,454162,340
Restricted cash and investments6,9596,8766,8046,7536,7226,715
Inventory, net of allowances, customer advances and progress billings114,722114,254118,333137,315134,053119,857
Inventory114,722114,254118,333137,315134,053119,857
Prepaid expense11,73411,4309,70711,99210,52310,633
Other current assets14,91419,59018,28316,80114,65313,585
Total current assets:257,472272,320276,253310,087309,405313,130
Noncurrent Assets
Operating lease, right-of-use asset199,698207,673207,390217,848222,702221,083
Property, plant and equipment169,091139,212137,475135,300131,230128,721
Deferred income tax assets16,82916,33215,50117,83418,76918,252
Other noncurrent assets13,10012,87812,43011,87712,19012,699
Total noncurrent assets:398,718376,095372,796382,859384,891380,755
TOTAL ASSETS:656,190648,415649,049692,946694,296693,885
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities62,08756,00472,48578,29883,21581,291
Employee-related liabilities464
Accounts payable20,28915,63223,34524,93235,09332,415
Accrued liabilities41,79840,37248,67653,36648,12248,876
Deferred revenue45,58946,38247,96979,74690,76298,528
Other undisclosed current liabilities36,79936,18033,97834,70234,53933,923
Total current liabilities:144,475138,566154,432192,746208,516213,742
Noncurrent Liabilities
Long-term debt and lease obligation:    196,799198,338197,265
Liabilities, other than long-term debt206,132213,437205,21819,79220,71622,478
Other liabilities27,29727,57118,37319,79220,71622,478
Operating lease, liability178,835185,866186,845196,799198,338197,265
Total noncurrent liabilities:206,132213,437205,218216,591219,054219,743
Total liabilities:350,607352,003359,650409,337427,570433,485
Equity
Equity, attributable to parent, including:305,583296,412289,399283,609266,726260,400
Treasury stock, value(248,559)(248,756)(248,756)(248,779)(243,782)(231,509)
Additional paid in capital109,731107,759108,706107,510105,674104,345
Accumulated other comprehensive loss(756)(756)(756)(2,171)(2,212)(2,253)
Retained earnings413,143406,237398,393395,237375,234358,084
Other undisclosed equity, attributable to parent32,02431,92831,81231,81231,81231,733
Total equity:305,583296,412289,399283,609266,726260,400
TOTAL LIABILITIES AND EQUITY:656,190648,415649,049692,946694,296693,885

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

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Revenues206,289224,754280,557274,495253,216238,946
Cost of revenue
(Cost of Goods and Services Sold)
(81,394)(91,969)(120,622)(117,775)(106,608)(97,985)
Gross profit:124,895132,785159,935156,720146,608140,961
Operating expenses(110,030)(118,357)(128,350)(124,592)(118,084)(115,315)
Operating income:14,86514,42831,58532,12828,52425,646
Other undisclosed loss from continuing operations before equity method investments, income taxes   (154)   
Income from continuing operations before equity method investments, income taxes:14,86514,42831,43132,12828,52425,646
Other undisclosed income from continuing operations before income taxes9731,0101,07348114474
Income from continuing operations before income taxes:15,83815,43832,50432,60928,66825,720
Income tax expense(4,046)(3,066)(8,766)(8,058)(6,960)(6,359)
Income from continuing operations:11,79212,37223,73824,55121,70819,361
Income before gain (loss) on sale of properties:24,55121,70819,361
Net income available to common stockholders, diluted:11,79212,37223,73824,55121,70819,361

Comprehensive Income ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Net income:11,79212,37223,73824,55121,70819,361
Other comprehensive loss   (497)(14)(13)(14)
Comprehensive income:11,79212,37223,24124,53721,69519,347
Other undisclosed comprehensive income, net of tax, attributable to parent   1,912555454
Comprehensive income, net of tax, attributable to parent:11,79212,37225,15324,59221,74919,401

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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