Leggett & Platt, Incorporated (LEG) financial statements (2021 and earlier)

Company profile

Business Address NO. 1 LEGGETT ROAD
CARTHAGE, MO 64836
State of Incorp. MO
Fiscal Year End December 31
SIC 251 - Household Furniture (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)
Annual | Quarterly

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments248268526282253333273
Cash and cash equivalents248268526282253333273
Receivables592572595487520523467
Inventory, net of allowances, customer advances and progress billings637634571520505482496
Inventory637634571520505482496
Prepaid expense 629  39 
Disposal group, including discontinued operation     10 
Prepaid expense and other current assets✕✕✕✕✕✕46
Income taxes receivable✕✕✕✕✕✕3
Other current assets 4546373392 
Other undisclosed current assets62    (50)(3)
Total current assets:1,5381,5251,7671,3251,3111,4301,282
Noncurrent Assets
Operating lease, right-of-use asset159✕✕✕✕✕✕
Property, plant and equipment831729664566541559575
Long-term investments and receivables     77
Long-term investments     77
Intangible assets, net (including goodwill)2,1701,0139919569981,0241,130
Goodwill1,406834822791806819927
Intangible assets, net (excluding goodwill)764179169165192205203
Disposal group, including discontinued operation, noncurrent assets     22✕
Other noncurrent assets118116129138117128 
Prepaid expense and other noncurrent assets✕✕✕✕✕✕122
Assets held-for-sale, long lived✕✕✕✕✕✕19
Defined benefit plan, assets for plan benefits✕✕✕   1
Other undisclosed noncurrent assets     (29)(27)
Total noncurrent assets:3,2781,8571,7841,6591,6561,7111,826
TOTAL ASSETS:4,8163,3823,5512,9842,9683,1413,108
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities744728734609594842584
Accounts payable463465430351307370339
Accrued liabilities281263303258287338230
Employee-related liabilities    068 
Taxes payable     1215
Interest and dividends payable     55 
Debt5111544(178)203174
Deferred compensation liability    312511
Disposal group, including discontinued operation     6 
Deferred tax liabilities✕    12
Customer advances and deposits✕✕   13✕
Other liabilities938689941048379
Other undisclosed current liabilities39   150(180)(20)
Total current liabilities:928816976707701992830
Noncurrent Liabilities
Long-term debt and lease obligation, including:2,0671,1681,098956945767688
Finance lease, liability3✕✕✕✕✕✕
Operating lease, liability122✕✕✕✕✕✕
Other undisclosed long-term debt and lease obligation1,9421,1681,098956945767688
Liabilities, other than long-term debt389160286177223341247
Pension and other postretirement defined benefit plans, liabilities✕✕✕✕✕✕40
Deferred compensation liability, classified     2815
Deferred tax liabilities, net✕ 83 394263
Deferred income tax liabilities214✕✕✕✕✕✕
Liability, pension and other postretirement and postemployment benefits     84✕
Disposal group, including discontinued operation, liabilities     0 
Other liabilities174155203173185185128
Derivative instruments and hedges, liabilities15 4 21
Other undisclosed noncurrent liabilities12181 50 (114)(56)
Total noncurrent liabilities:2,5761,4091,3841,1841,169994879
Total liabilities:3,5042,2242,3601,8901,8701,9861,709
Stockholders' equity
Stockholders' equity attributable to parent, including:1,3121,1571,1901,0921,0861,1471,391
Treasury stock, value(1,884)(1,908)(1,828)(1,714)(1,564)(1,417)(1,321)
Additional paid in capital536527515506530502479
Accumulated other comprehensive income (loss)(77)(78)(10)(114)(91)(3)95
Retained earnings2,7352,6142,5112,4112,2092,0612,136
Other undisclosed stockholders' equity attributable to parent2222222
Stockholders' equity attributable to noncontrolling interest11121288
Total stockholders' equity:1,3131,1581,1911,0941,0981,1551,399
TOTAL LIABILITIES AND EQUITY:4,8163,3823,5512,9842,9683,1413,108

Income statement (P&L) ($ in millions)
Annual | Quarterly

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues5,0784,5984,2404,1624,4194,1493,746
Revenue, net✕✕3,9443,7503,9173,7823,746
Cost of revenue
(Cost of Goods and Services Sold)		(3,702)(3,381)(3,076)(2,851)(2,994)(3,002)(3,011)
Other undisclosed gross profit(326)(329)(296)(412)(501)(357)12
Gross profit:1,051889868899923790747
Operating expenses(536)(429)(384)(397) (682)(654)
Operating income:51546048450292310994
Nonoperating income
(Investment Income, Nonoperating)		7884468
Interest and debt expense(91)(61)(44)(39)(41)(42)(45)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(1)(23)(16)20(437)223191
Income from continuing operations before income taxes:430384432487450296248
Income tax expense(96)(78)(138)(120)(122)(70)(55)
Income from continuing operations:334306294367328225193
Income (loss) from discontinued operations    (1)2009
Income before gain (loss) on sale of properties:334306294367327425202
Other undisclosed net income (loss)  (1)192(324)(2)
Net income:334306293386329101200
Net loss attributable to noncontrolling interest(0)(0)(0)(0)(4)(3)(2)
Net income available to common stockholders, diluted:33430629338632598197

Comprehensive Income ($ in millions)
Annual | Quarterly

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income:334306293386329101200
Other comprehensive income (loss)1(68)104(23)(89)(97)24
Comprehensive income:3352383973642404223
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(0)(0)(0)(0)(4)(3)3
Other undisclosed comprehensive loss, net of tax, attributable to parent      (5)
Comprehensive income, net of tax, attributable to parent:3352383973632371221

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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