La-Z-Boy Incorporated (LZB) Financial Statements (2026 and earlier)
Company Profile
| Business Address |
ONE LA-Z-BOY DRIVE MONROE, MI 48162 |
| State of Incorp. | MI |
| Fiscal Year End | April 30 |
| Industry (SIC) | 251 - Household Furniture (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in millions)
| 1/31/2026 MRQ | 4/30/2025 | 4/30/2024 | 4/30/2023 | 4/30/2022 | 4/30/2021 | 4/30/2020 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 328 | 341 | 343 | 246 | 391 | 262 | |||
| Cash and cash equivalent | 328 | 341 | 343 | 246 | 391 | 262 | |||
| Restricted cash and investments | 3 | 3 | 3 | 2 | |||||
| Receivables | 140 | 139 | 126 | 184 | 139 | 99 | |||
| Inventory, net of allowances, customer advances and progress billings | 255 | 263 | 276 | 303 | 226 | 182 | |||
| Inventory | 255 | 263 | 276 | 303 | 226 | 182 | |||
| Disposal group, including discontinued operation | |||||||||
| Other current assets | 82 | 93 | 106 | 216 | 166 | 82 | |||
| Total current assets: | 806 | 837 | 855 | 952 | 926 | 626 | |||
| Noncurrent Assets | |||||||||
| Finance lease, right-of-use asset, after accumulated amortization | 3 | 2 | 0 | 0 | 1 | 0 | |||
| Operating lease, right-of-use asset | 450 | 445 | 416 | 405 | 343 | 319 | |||
| Property, plant, and equipment, after accumulated depreciation, depletion, and amortization | 339 | 298 | 279 | 253 | 219 | 215 | |||
| Intangible asset, including goodwill, after accumulated amortization | 257 | 262 | 244 | 229 | 206 | 190 | |||
| Goodwill | 206 | 214 | 205 | 195 | 176 | 161 | |||
| Intangible asset, excluding goodwill, after accumulated amortization | 51 | 47 | 39 | 34 | 30 | 29 | |||
| Deferred income tax assets | 7 | 10 | 9 | 11 | 12 | 21 | |||
| Other noncurrent assets | 60 | 60 | 64 | 82 | 79 | 65 | |||
| Other undisclosed noncurrent assets | |||||||||
| Total noncurrent assets: | 1,116 | 1,077 | 1,012 | 980 | 860 | 809 | |||
| TOTAL ASSETS: | 1,922 | 1,913 | 1,866 | 1,932 | 1,786 | 1,435 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 96 | 96 | 107 | 104 | 94 | 56 | |||
| Accounts payable | 96 | 96 | 107 | 104 | 94 | 56 | |||
| Debt | 0 | 139 | |||||||
| Other liabilities | 244 | 264 | 291 | 496 | 450 | 155 | |||
| Other undisclosed current liabilities | 81 | 77 | 78 | 75 | 67 | ||||
| Total current liabilities: | 421 | 437 | 476 | 676 | 612 | 350 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 2 | 1 | 0 | 355 | 295 | 270 | |||
| Finance lease, liability | 2 | 1 | 0 | 0 | 0 | ||||
| Liabilities, other than long-term debt | 468 | 462 | 438 | 82 | 97 | 98 | |||
| Other liabilities | 59 | 58 | 70 | 82 | 97 | 98 | |||
| Operating lease, liability | 408 | 404 | 368 | 354 | 295 | 270 | |||
| Other undisclosed noncurrent liabilities | |||||||||
| Total noncurrent liabilities: | 469 | 463 | 438 | 437 | 393 | 368 | |||
| Total liabilities: | 890 | 900 | 914 | 1,112 | 1,004 | 719 | |||
| Equity | |||||||||
| Equity, attributable to parent | 1,021 | 1,003 | 942 | 811 | 773 | 701 | |||
| Common stock | 41 | 42 | 43 | 43 | 45 | 46 | |||
| Additional paid in capital | 386 | 368 | 359 | 342 | 331 | 318 | |||
| Accumulated other comprehensive loss | (4) | (6) | (6) | (6) | (2) | (7) | |||
| Retained earnings | 597 | 598 | 545 | 431 | 399 | 344 | |||
| Equity, attributable to noncontrolling interest | 11 | 10 | 10 | 9 | 9 | 16 | |||
| Total equity: | 1,032 | 1,013 | 952 | 820 | 782 | 716 | |||
| TOTAL LIABILITIES AND EQUITY: | 1,922 | 1,913 | 1,866 | 1,932 | 1,786 | 1,435 | |||
Income Statement (P&L) ($ in millions)
| 1/31/2026 TTM | 4/30/2025 | 4/30/2024 | 4/30/2023 | 4/30/2022 | 4/30/2021 | 4/30/2020 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 2,109 | 2,047 | 2,349 | 2,357 | 1,734 | 1,704 | ||
| Cost of revenue | (1,183) | (1,165) | (1,341) | (1,441) | (994) | (983) | ||
| Gross profit: | 926 | 882 | 1,009 | 916 | 740 | 721 | ||
| Operating expenses | (791) | (731) | (797) | (709) | (604) | (603) | ||
| Operating income: | 136 | 151 | 211 | 207 | 137 | 119 | ||
| Nonoperating income (expense) | 12 | 15 | (5) | (0) | 11 | (4) | ||
| Investment income, nonoperating | 15 | 15 | 7 | 1 | 1 | 3 | ||
| Other nonoperating income (expense) | (3) | (0) | (12) | (2) | 9 | (7) | ||
| Interest and debt expense | (1) | |||||||
| Income from continuing operations before equity method investments, income taxes: | 147 | 166 | 206 | 206 | 147 | 115 | ||
| Other undisclosed income (loss) from continuing operations before income taxes | (0) | (1) | (1) | (1) | 1 | |||
| Income from continuing operations before income taxes: | 147 | 166 | 206 | 205 | 146 | 115 | ||
| Income tax expense | (46) | (41) | (54) | (53) | (38) | (36) | ||
| Income from continuing operations: | 101 | 125 | 152 | 152 | 108 | 79 | ||
| Income before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | ✕ | 152 | 108 | 79 | |
| Net income: | 101 | 125 | 152 | 152 | 108 | 79 | ||
| Net loss attributable to noncontrolling interest | (1) | (2) | (1) | (2) | (1) | (2) | ||
| Net income attributable to parent: | 100 | 123 | 151 | 150 | 106 | 77 | ||
| Undistributed earnings (loss) allocated to participating securities, basic | (0) | (0) | (0) | |||||
| Net income available to common stockholders, diluted: | 100 | 123 | 151 | 150 | 106 | 77 | ||
Comprehensive Income ($ in millions)
| 1/31/2026 TTM | 4/30/2025 | 4/30/2024 | 4/30/2023 | 4/30/2022 | 4/30/2021 | 4/30/2020 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 101 | 125 | 152 | 152 | 108 | 79 | ||
| Other comprehensive income (loss) | 3 | (1) | 0 | (5) | 6 | (3) | ||
| Comprehensive income: | 104 | 123 | 152 | 147 | 113 | 76 | ||
| Comprehensive loss, net of tax, attributable to noncontrolling interest | (2) | (1) | (1) | (2) | (2) | (1) | ||
| Comprehensive income, net of tax, attributable to parent: | 102 | 122 | 151 | 146 | 112 | 75 | ||
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.