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

12/31/2020
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 investments349248268526282253333
Cash and cash equivalents349248268526282253333
Receivables564592572595487520523
Inventory, net of allowances, customer advances and progress billings646637634571520505482
Inventory646637634571520505482
Prepaid expense  629  39
Disposal group, including discontinued operation45     10
Other current assets  4546373392
Other undisclosed current assets962    (50)
Total current assets:1,6121,5381,5251,7671,3251,3111,430
Noncurrent Assets
Operating lease, right-of-use asset162159✕✕✕✕✕
Property, plant and equipment785831729664566541559
Long-term investments and receivables      7
Long-term investments      7
Intangible assets, net (including goodwill)2,0902,1701,0139919569981,024
Goodwill1,3891,406834822791806819
Intangible assets, net (excluding goodwill)702764179169165192205
Disposal group, including discontinued operation, noncurrent assets      22
Other noncurrent assets105118116129138117128
Other undisclosed noncurrent assets      (29)
Total noncurrent assets:3,1423,2781,8571,7841,6591,6561,711
TOTAL ASSETS:4,7544,8163,3823,5512,9842,9683,141
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities828744728734609594842
Accounts payable552463465430351307370
Accrued liabilities275281263303258287338
Employee-related liabilities0    068
Taxes payable      12
Interest and dividends payable      55
Debt515111544(178)203
Deferred compensation liability11    3125
Disposal group, including discontinued operation      6
Deferred tax liabilities✕✕    1
Customer advances and deposits✕✕✕   13
Other liabilities859386899410483
Other undisclosed current liabilities3139   150(180)
Total current liabilities:1,006928816976707701992
Noncurrent Liabilities
Long-term debt and lease obligation, including:1,8492,0671,1681,098956945767
Finance lease, liability33✕✕✕✕✕
Operating lease, liability122122✕✕✕✕✕
Other undisclosed long-term debt and lease obligation1,7251,9421,1681,098956945767
Liabilities, other than long-term debt389389160286177223341
Deferred compensation liability, classified      28
Deferred tax liabilities, net✕✕ 83 3942
Deferred income tax liabilities194214✕✕✕✕✕
Liability, pension and other postretirement and postemployment benefits      84
Disposal group, including discontinued operation, liabilities      0
Other liabilities192174155203173185185
Derivative instruments and hedges, liabilities215 4 2
Other undisclosed noncurrent liabilities12012181 50 (114)
Total noncurrent liabilities:2,3582,5761,4091,3841,1841,169994
Total liabilities:3,3643,5042,2242,3601,8901,8701,986
Stockholders' equity
Stockholders' equity attributable to parent, including:1,3901,3121,1571,1901,0921,0861,147
Treasury stock, value(1,865)(1,884)(1,908)(1,828)(1,714)(1,564)(1,417)
Additional paid in capital543536527515506530502
Accumulated other comprehensive loss(52)(77)(78)(10)(114)(91)(3)
Retained earnings2,7622,7352,6142,5112,4112,2092,061
Other undisclosed stockholders' equity attributable to parent2222222
Stockholders' equity attributable to noncontrolling interest11112128
Total stockholders' equity:1,3901,3131,1581,1911,0941,0981,155
TOTAL LIABILITIES AND EQUITY:4,7544,8163,3823,5512,9842,9683,141

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues4,3295,0784,5984,2404,1624,4194,149
Revenue, net✕✕✕3,9443,7503,9173,782
Cost of revenue
(Cost of Goods and Services Sold)		(3,386)(3,702)(3,381)(3,076)(2,851)(2,994)(3,002)
Other undisclosed gross profit(49)(326)(329)(296)(412)(501)(357)
Gross profit:8951,051889868899923790
Operating expenses(527)(536)(429)(384)(397) (682)
Other operating income, net4      
Operating income:372515460484502923109
Nonoperating income7788446
Investment income, nonoperating9788446
Foreign currency transaction loss, before tax(2)      
Interest and debt expense(83)(91)(61)(44)(39)(41)(42)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes25(1)(23)(16)20(437)223
Income from continuing operations before income taxes:321430384432487450296
Income tax expense(73)(96)(78)(138)(120)(122)(70)
Income from continuing operations:248334306294367328225
Income (loss) from discontinued operations(3)    (1)200
Income before gain (loss) on sale of properties:245334306294367327425
Other undisclosed net income (loss)3  (1)192(324)
Net income:248334306293386329101
Net loss attributable to noncontrolling interest (0)(0)(0)(0)(4)(3)
Other undisclosed net loss attributable to parent(0)      
Net income available to common stockholders, diluted:24833430629338632598

Comprehensive Income ($ in millions)
Annual | Quarterly

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income:248334306293386329101
Other comprehensive income (loss)241(68)104(23)(89)(97)
Comprehensive income:2723352383973642404
Comprehensive loss, net of tax, attributable to noncontrolling interest(0)(0)(0)(0)(0)(4)(3)
Other undisclosed comprehensive income, net of tax, attributable to parent0      
Comprehensive income, net of tax, attributable to parent:2723352383973632371

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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