HNI Corporation (HNI) financial statements (2020 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)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments537825393337
Cash and cash equivalents527723362934
Short-term investments112243
Receivables275255259229243240
Inventory, net of allowances, customer advances and progress billings163157156118125122
Inventory163157156118125122
Contract with customer, asset11
Other undisclosed current assets374149473757
Total current assets:529532489433438456
Noncurrent Assets
Finance lease, right-of-use asset2
Operating lease, right-of-use asset73
Property, plant and equipment382385390356341311
Long-term investments and receivables     9
Long-term investments     9
Intangible assets, net (including goodwill)446463491291278421
Goodwill271271280291278279
Intangible assets, net (excluding goodwill)175193211  141
Deferred income tax assets0
Other noncurrent assets212021249207193
Deferred tax assets, net  1  
Other undisclosed noncurrent assets 20  (150)
Total noncurrent assets:924870903897826784
TOTAL ASSETS:1,4531,4021,3921,3301,2641,239
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:453429450425424454
Accounts payable228221236202198 
Accrued liabilities136123147136146 
Employee-related liabilities5352334743 
Other undisclosed accounts payable and accrued liabilities3633344037454
Debt11373450
Deferred compensation liability1     
Other liabilities253463
Other undisclosed current liabilities22     
Total current liabilities:479434490463436457
Noncurrent Liabilities
Long-term debt and lease obligation234249240180185198
Long-term debt, excluding current maturities174249240180185198
Finance lease, liability2
Operating lease, liability58
Liabilities, other than long-term debt1558788186166170
Accounts payable and accrued liabilities 66   
Deferred compensation liability, classified 912   
Deferred tax liabilities, net  1118989
Deferred income tax liabilities87
Other liabilities687370757780
Other undisclosed noncurrent liabilities 6759   
Total noncurrent liabilities:389404387366351368
Total liabilities:868839877829787825
Stockholders' equity
Stockholders' equity attributable to parent584563514501477415
Common stock434443444444
Additional paid in capital20187 41
Accumulated other comprehensive loss(8)(4)(4)(5)(5)(5)
Retained earnings530505467462434375
Stockholders' equity attributable to noncontrolling interest00100(0)
Total stockholders' equity:584563515501477415
TOTAL LIABILITIES AND EQUITY:1,4531,4021,3921,3301,2641,239

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues2,2472,2582,1762,2032,3042,223
Revenue, net2,1762,2032,3042,223
Cost of revenue
(Cost of Goods and Services Sold)
(1,413)(1,423)(1,392)(1,368)(1,457)(1,438)
Gross profit:834835784835847784
Operating expenses(682)(707)(707)(701)(684)(708)
Other undisclosed operating income     37
Operating income:15112877134164113
Nonoperating income
(Investment Income, Nonoperating)
 10000
Interest and debt expense(9)(10)(6)(5)(7)(8)
Income from continuing operations before income taxes:14311971129157105
Income tax expense (benefit)(32)(25)19(43)(52)(44)
Net income:11193908610561
Net income (loss) attributable to noncontrolling interest00(0)(0)00
Net income available to common stockholders, diluted:11193908610561

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income:11193908610561
Other comprehensive income (loss)(4)0100(6)
Other undisclosed comprehensive loss(1)     
Comprehensive income:10693918610655
Comprehensive income (loss), net of tax, attributable to noncontrolling interest00(0)(0)0(0)
Other undisclosed comprehensive income, net of tax, attributable to parent     1
Comprehensive income, net of tax, attributable to parent:10693918610655

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.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: