HNI Corporation (HNI) financial statements (2021 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)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1185378253933
Cash and cash equivalents1165277233629
Short-term investments211224
Receivables208275255259229243
Inventory, net of allowances, customer advances and progress billings138163157156118125
Inventory138163157156118125
Contract with customer, asset111
Other undisclosed current assets313741494737
Total current assets:496529532489433438
Noncurrent Assets
Finance lease, right-of-use asset62
Operating lease, right-of-use asset7073
Property, plant and equipment366382385390356341
Intangible assets, net (including goodwill)459446463491291278
Goodwill292271271280291278
Intangible assets, net (excluding goodwill)166175193211  
Deferred income tax assets10
Other noncurrent assets21212021249207
Deferred tax assets, net  1 
Other undisclosed noncurrent assets  20  
Total noncurrent assets:922924870903897826
TOTAL ASSETS:1,4181,4531,4021,3921,3301,264
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:414453429450425424
Accounts payable191228221236202198
Accrued liabilities117136123147136146
Employee-related liabilities495352334743
Other undisclosed accounts payable and accrued liabilities573633344037
Debt21137345
Deferred compensation liability11    
Other liabilities325346
Other undisclosed current liabilities1822    
Total current liabilities:439479434490463436
Noncurrent Liabilities
Long-term debt and lease obligation232234249240180185
Long-term debt, excluding current maturities175174249240180185
Finance lease, liability52
Operating lease, liability5358
Liabilities, other than long-term debt1561558788186166
Accounts payable and accrued liabilities  66  
Deferred compensation liability, classified  912  
Deferred tax liabilities, net  11189
Deferred income tax liabilities7587
Other liabilities816873707577
Other undisclosed noncurrent liabilities  6759  
Total noncurrent liabilities:388389404387366351
Total liabilities:827868839877829787
Stockholders' equity
Stockholders' equity attributable to parent590584563514501477
Common stock434344434444
Additional paid in capital3920187 4
Accumulated other comprehensive loss(9)(8)(4)(4)(5)(5)
Retained earnings518530505467462434
Stockholders' equity attributable to noncontrolling interest000100
Total stockholders' equity:591584563515501477
TOTAL LIABILITIES AND EQUITY:1,4181,4531,4021,3921,3301,264

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues1,9552,2472,2582,1762,2032,304
Revenue, net2,1762,2032,304
Cost of revenue
(Cost of Goods and Services Sold)
(1,234)(1,413)(1,423)(1,392)(1,368)(1,457)
Gross profit:721834835784835847
Operating expenses(660)(682)(707)(707)(701)(684)
Operating income:6115112877134164
Nonoperating income
(Investment Income, Nonoperating)
  1000
Interest and debt expense(7)(9)(10)(6)(5)(7)
Income from continuing operations before income taxes:5414311971129157
Income tax expense (benefit)(12)(32)(25)19(43)(52)
Net income:42111939086105
Net income (loss) attributable to noncontrolling interest(0)00(0)(0)0
Net income available to common stockholders, diluted:42111939086105

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:42111939086105
Other comprehensive income (loss)(1)(4)0100
Other undisclosed comprehensive loss (1)    
Comprehensive income:41106939186106
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(0)00(0)(0)0
Comprehensive income, net of tax, attributable to parent:41106939186106

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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