Hooker Furnishings Corporation (HOFT) financial statements (2022 and earlier)

Company profile

Business Address 440 E COMMONWEALTH BLVD
MARTINSVILLE, VA 24115
State of Incorp. VA
Fiscal Year End January 31
SIC 251 - Household Furniture (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in thousands)

10/31/2021
TTM
1/31/2021
1/31/2020
1/31/2019
1/31/2018
1/31/2017
1/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 65,84136,03111,43530,91539,79253,922
Cash and cash equivalents 65,84136,03111,43530,91539,79253,922
Receivables 83,29088,404112,55792,46192,57828,176
Inventory, net of allowances, customer advances and progress billings 70,15992,813105,20484,45975,30343,713
Inventory 70,15992,813105,20484,45975,30343,713
Other undisclosed current assets 4,4324,7195,7355,3144,2442,256
Total current assets: 223,722221,967234,931213,149211,917128,067
Noncurrent Assets
Operating lease, right-of-use asset 34,61339,512
Property, plant and equipment 26,78029,90729,48229,24925,80322,768
Intangible assets, net (including goodwill) 26,72773,42975,81378,19749,1101,382
Goodwill 49040,05840,05840,05823,187 
Intangible assets, net (excluding goodwill) 26,23733,37135,75538,13925,9231,382
Deferred income tax assets 14,1732,880
Other noncurrent assets 8931,1251,1522,2352,2362,198
Deferred tax assets, net4,5223,2647,2645,350
Other undisclosed noncurrent assets 25,36524,88823,81623,62222,36621,888
Total noncurrent assets: 128,551171,741134,785136,567106,77953,586
TOTAL ASSETS: 352,273393,708369,716349,716318,696181,653
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 43,20434,63755,56348,50852,63815,808
Accounts payable 32,21325,49340,83832,68536,5529,105
Accrued liabilities 3,3544,2113,5642,8943,3691,512
Employee-related liabilities 7,1364,9338,0029,2188,3944,834
Taxes payable 501 3,1593,7114,323357
Deferred revenue 4,2563,351
Debt  5,8345,8297,5285,817 
Customer advances and deposits 5,605797
Contract with customer, liability3,023
Other undisclosed current liabilities 6,6506,307 3,951  
Total current liabilities: 54,11050,12964,41559,98764,06016,605
Noncurrent Liabilities
Long-term debt and lease obligation 29,44158,07629,62845,77841,772 
Long-term debt, excluding current maturities  24,28229,62845,77841,772 
Operating lease, liability 29,44133,794
Liabilities, other than long-term debt 11,21911,38212,49714,49114,9378,987
Accounts payable and accrued liabilities      166
Deferred compensation liability, classified 11,21911,38211,51311,16410,8498,409
Liability, pension and other postretirement and postemployment benefits    2,4413,499 
Other liabilities   984886589412
Total noncurrent liabilities: 40,66069,45842,12560,26956,7098,987
Total liabilities: 94,770119,587106,540120,256120,76925,592
Stockholders' equity
Stockholders' equity attributable to parent 257,503274,121263,176229,460197,927156,061
Common stock 53,32351,58249,54948,97039,75318,667
Accumulated other comprehensive income (loss) (808)(713)247368486139
Retained earnings 204,988223,252213,380180,122157,688137,255
Total stockholders' equity: 257,503274,121263,176229,460197,927156,061
TOTAL LIABILITIES AND EQUITY: 352,273393,708369,716349,716318,696181,653

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

10/31/2021
TTM
1/31/2021
1/31/2020
1/31/2019
1/31/2018
1/31/2017
1/31/2016
Revenues 540,081610,824683,501620,632577,219246,999
Revenue, net 577,219246,999
Cost of revenue (1,262)(417)(158)(485,815)(451,098)(178,311)
Cost of goods and services sold    (485,815)(451,098)(178,311)
Provision for loan, lease, and other losses (1,262)(417)(158)
Other undisclosed gross profit (426,071)(496,449)(536,356)   
Gross profit: 112,748113,958146,987134,817126,12168,688
Operating expenses (82,794)(91,251)(94,312)(89,333)(86,901)(44,426)
Other undisclosed operating loss (44,318)     
Operating income (loss): (14,364)22,70752,67545,48439,22024,262
Nonoperating income
(Other Nonoperating income)
 3364583691,536930197
Other undisclosed loss from continuing operations before equity method investments, income taxes (540)(1,238)(1,454)(1,248)(954) 
Income (loss) from continuing operations before income taxes: (14,568)21,92751,59045,77239,19624,459
Income tax expense (benefit) 4,142(4,844)(11,717)(17,522)(13,909)(8,274)
Net income (loss) attributable to parent: (10,426)17,08339,87328,25025,28716,185
Preferred stock dividends and other adjustments (36)(25)(11)(10)(11)(11)
Undistributed earnings (loss) allocated to participating securities, basic  (60)(68)(50)
Other undisclosed net loss available to common stockholders, basic     (56)(40)
Net income (loss) available to common stockholders, diluted: (10,462)16,99839,79428,19025,22016,134

Comprehensive Income ($ in thousands)

10/31/2021
TTM
1/31/2021
1/31/2020
1/31/2019
1/31/2018
1/31/2017
1/31/2016
Net income (loss): (10,426)17,08339,87328,25025,28716,185
Other comprehensive income (loss) (125)(616)(232)(118)347(277)
Comprehensive income (loss): (10,551)16,46739,64128,13225,63415,908
Other undisclosed comprehensive income (loss), net of tax, attributable to parent 30(344)111  751
Comprehensive income (loss), net of tax, attributable to parent: (10,521)16,12339,75228,13225,63416,659

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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