HNI Corporation (HNI) financial statements (2022 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)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments5411853782539
Cash and cash equivalents5211652772336
Short-term investments121122
Receivables240208275255259229
Inventory, net of allowances, customer advances and progress billings182138163157156118
Inventory182138163157156118
Contract with customer, asset1111
Other undisclosed current assets473137414947
Total current assets:523496529532489433
Noncurrent Assets
Finance lease, right-of-use asset1062
Operating lease, right-of-use asset837073
Property, plant and equipment367366382385390356
Intangible assets, net (including goodwill)472459446463491291
Goodwill297292271271280291
Intangible assets, net (excluding goodwill)174166175193211 
Deferred income tax assets 10
Other noncurrent assets4321212021249
Deferred tax assets, net  1
Other undisclosed noncurrent assets   20 
Total noncurrent assets:974922924870903897
TOTAL ASSETS:1,4981,4181,4531,4021,3921,330
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:474414453429450425
Accounts payable234191228221236202
Accrued liabilities121117136123147136
Employee-related liabilities554953523347
Other undisclosed accounts payable and accrued liabilities645736333440
Debt62113734
Deferred compensation liability111   
Other liabilities432534
Other undisclosed current liabilities211822   
Total current liabilities:506439479434490463
Noncurrent Liabilities
Long-term debt and lease obligation246232234249240180
Long-term debt, excluding current maturities175175174249240180
Finance lease, liability752
Operating lease, liability645358
Liabilities, other than long-term debt1561561558788186
Accounts payable and accrued liabilities   66 
Deferred compensation liability, classified   912 
Deferred tax liabilities, net  111
Deferred income tax liabilities757587
Other liabilities818168737075
Other undisclosed noncurrent liabilities   6759 
Total noncurrent liabilities:401388389404387366
Total liabilities:908827868839877829
Stockholders' equity
Stockholders' equity attributable to parent590590584563514501
Common stock434343444344
Additional paid in capital393920187 
Accumulated other comprehensive loss(7)(9)(8)(4)(4)(5)
Retained earnings515518530505467462
Stockholders' equity attributable to noncontrolling interest000010
Total stockholders' equity:590591584563515501
TOTAL LIABILITIES AND EQUITY:1,4981,4181,4531,4021,3921,330

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Revenues2,1841,9552,2472,2582,1762,203
Revenue, net2,1762,203
Cost of revenue
(Cost of Goods and Services Sold)
(1,427)(1,234)(1,413)(1,423)(1,392)(1,368)
Gross profit:757721834835784835
Operating expenses(672)(660)(682)(707)(707)(701)
Operating income:856115112877134
Nonoperating income
(Investment Income, Nonoperating)
   100
Interest and debt expense(7)(7)(9)(10)(6)(5)
Income from continuing operations before income taxes:785414311971129
Income tax expense (benefit)(18)(12)(32)(25)19(43)
Net income:6042111939086
Net income (loss) attributable to noncontrolling interest0(0)00(0)(0)
Net income available to common stockholders, diluted:6042111939086

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Net income:6042111939086
Other comprehensive income (loss)2(1)(4)010
Other undisclosed comprehensive loss  (1)   
Comprehensive income:6241106939186
Comprehensive income (loss), net of tax, attributable to noncontrolling interest0(0)00(0)(0)
Comprehensive income, net of tax, attributable to parent:6241106939186

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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