Lennox International Inc. (LII) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
2140 LAKE PARK BLVD RICHARDSON, TX 75080 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 3585 - Air-Conditioning and Warm Air Heating Equipment and Commercial and Industrial Refrigeration Equipment (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in millions)
| 6/30/2024 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 investments | 69 | 61 | 37 | 129 | 40 | 46 | |||
| Cash and cash equivalents | 61 | 53 | 31 | 124 | 37 | 46 | |||
| Short-term investments | 8 | 9 | 6 | 5 | 3 | ||||
| Receivables | 595 | 609 | 508 | 448 | 478 | 473 | |||
| Inventory, net of allowances, customer advances and progress billings | 699 | 753 | 511 | 439 | 544 | 510 | |||
| Inventory | 699 | 753 | 511 | 439 | 544 | 510 | |||
| Other current assets | 71 | 74 | 120 | 71 | 59 | 61 | |||
| Total current assets: | 1,434 | 1,497 | 1,175 | 1,088 | 1,121 | 1,089 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 214 | 220 | 196 | 194 | 182 | ✕ | |||
| Property, plant and equipment | 720 | 549 | 515 | 464 | 445 | 408 | |||
| Long-term investments and receivables | 37 | ||||||||
| Long-term investments | 37 | ||||||||
| Intangible assets, net (including goodwill) | 222 | 186 | 187 | 187 | 187 | 187 | |||
| Goodwill | 222 | 186 | 187 | 187 | 187 | 187 | |||
| Deferred income tax assets | 52 | 28 | 11 | ✕ | |||||
| Other noncurrent assets | 157 | 89 | 87 | 86 | 79 | 66 | |||
| Other undisclosed noncurrent assets | 13 | 22 | 30 | ||||||
| Total noncurrent assets: | 1,365 | 1,071 | 997 | 945 | 914 | 728 | |||
| TOTAL ASSETS: | 2,798 | 2,568 | 2,172 | 2,033 | 2,035 | 1,817 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 791 | 822 | 761 | 636 | 628 | 708 | |||
| Taxes payable | ✕ | ✕ | 18 | 2 | |||||
| Accounts payable | 375 | 427 | 402 | 340 | 372 | 433 | |||
| Accrued liabilities | 416 | 377 | 359 | 296 | 256 | 272 | |||
| Deferred revenue | ✕ | ||||||||
| Debt | 162 | 711 | 11 | 10 | 322 | 301 | |||
| Other undisclosed current liabilities | 62 | 63 | 55 | 55 | 53 | ||||
| Total current liabilities: | 1,015 | 1,596 | 827 | 701 | 1,003 | 1,009 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation, including: | 1,143 | 814 | 1,227 | 971 | 849 | 741 | |||
| Long-term debt, excluding current maturities | 250 | ||||||||
| Capital lease obligations | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 16 | ||
| Finance lease, liability | 33 | 28 | 29 | 29 | 26 | ✕ | |||
| Other undisclosed long-term debt and lease obligation | 1,110 | 786 | 803 | 799 | 692 | 725 | |||
| Liabilities, other than long-term debt | 355 | 361 | 361 | 339 | 322 | 218 | |||
| Accounts payable and accrued liabilities | 97 | 82 | 75 | ||||||
| Deferred revenue | 6 | 6 | 6 | ✕ | |||||
| Liability, pension and other postretirement and postemployment benefits | 23 | 40 | 83 | 93 | 87 | 83 | |||
| Other liabilities | 168 | 159 | 159 | 142 | 135 | 135 | |||
| Operating lease, liability | 165 | 162 | 145 | 143 | 131 | ✕ | |||
| Self insurance reserve | 16 | 16 | 19 | ||||||
| Other undisclosed noncurrent liabilities | 27 | 39 | 31 | ||||||
| Total noncurrent liabilities: | 1,498 | 1,175 | 1,614 | 1,348 | 1,202 | 958 | |||
| Total liabilities: | 2,513 | 2,771 | 2,441 | 2,050 | 2,205 | 1,967 | |||
| Equity | |||||||||
| Equity, attributable to parent | 285 | (203) | (269) | (17) | (170) | (150) | |||
| Common stock | 1 | 1 | 1 | 1 | 1 | 1 | |||
| Treasury stock, value | (4,350) | (4,339) | (4,035) | (3,420) | (3,310) | (2,896) | |||
| Additional paid in capital | 1,185 | 1,155 | 1,134 | 1,113 | 1,094 | 1,079 | |||
| Accumulated other comprehensive loss | (57) | (91) | (88) | (97) | (104) | (189) | |||
| Retained earnings | 3,506 | 3,071 | 2,719 | 2,386 | 2,149 | 1,855 | |||
| Total equity: | 285 | (203) | (269) | (17) | (170) | (150) | |||
| TOTAL LIABILITIES AND EQUITY: | 2,798 | 2,568 | 2,172 | 2,033 | 2,035 | 1,817 | |||
Income Statement (P&L) ($ in millions)
| 6/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 4,982 | 4,718 | 4,194 | 3,634 | 3,807 | 3,884 | ||
| Cost of revenue (Cost of Goods and Services Sold) | (3,434) | (3,434) | (3,006) | (2,594) | (2,727) | (2,773) | ||
| Gross profit: | 1,548 | 1,285 | 1,188 | 1,040 | 1,080 | 1,111 | ||
| Operating expenses | (772) | (629) | (601) | (567) | (596) | (3) | ||
| Other operating expense, net | (9) | (5) | (9) | (7) | (8) | (2) | ||
| Other expenses | (2) | (2) | ||||||
| Other nonrecurring (income) expense | (1) | |||||||
| Other undisclosed operating income (loss) | 23 | 5 | 12 | 13 | 182 | (597) | ||
| Operating income: | 790 | 656 | 590 | 479 | 657 | 510 | ||
| Nonoperating expense (Other Nonoperating expense) | (0) | (2) | (4) | (4) | (2) | (3) | ||
| Interest and debt expense | (52) | (39) | (25) | (28) | (48) | (38) | ||
| Income from continuing operations before equity method investments, income taxes: | 738 | 616 | 561 | 446 | 607 | 468 | ||
| Other undisclosed income (loss) from continuing operations before income taxes | (1) | 0 | (1) | (1) | (99) | |||
| Income from continuing operations before income taxes: | 738 | 616 | 560 | 445 | 508 | 468 | ||
| Income tax expense | (147) | (119) | (96) | (88) | (99) | (108) | ||
| Income from continuing operations: | 590 | 497 | 464 | 357 | 409 | 360 | ||
| Income before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | 464 | 356 | 409 | 359 | |
| Loss from discontinued operations | (1) | (0) | (1) | |||||
| Net income available to common stockholders, diluted: | 590 | 497 | 464 | 356 | 409 | 359 | ||
Comprehensive Income ($ in millions)
| 6/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 590 | 497 | 464 | 356 | 409 | 359 | ||
| Other comprehensive income (loss) | 34 | (3) | 9 | 7 | 85 | (31) | ||
| Comprehensive income: | 624 | 495 | 473 | 363 | 494 | 328 | ||
| Comprehensive loss, net of tax, attributable to noncontrolling interest | ||||||||
| Other undisclosed comprehensive loss, net of tax, attributable to parent | ||||||||
| Comprehensive income, net of tax, attributable to parent: | 624 | 495 | 473 | 363 | 494 | 328 | ||
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.