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)
12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | |||
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ASSETS | |||||||||
Current Assets | |||||||||
Cash, cash equivalents, and short-term investments | 248 | 268 | 526 | 282 | 253 | 333 | 273 | ||
Cash and cash equivalents | 248 | 268 | 526 | 282 | 253 | 333 | 273 | ||
Receivables | 592 | 572 | 595 | 487 | 520 | 523 | 467 | ||
Inventory, net of allowances, customer advances and progress billings | 637 | 634 | 571 | 520 | 505 | 482 | 496 | ||
Inventory | 637 | 634 | 571 | 520 | 505 | 482 | 496 | ||
Prepaid expense | 6 | 29 | 39 | ||||||
Disposal group, including discontinued operation | 10 | ||||||||
Prepaid expense and other current assets | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 46 | ||
Income taxes receivable | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 3 | ||
Other current assets | 45 | 46 | 37 | 33 | 92 | ||||
Other undisclosed current assets | 62 | (50) | (3) | ||||||
Total current assets: | 1,538 | 1,525 | 1,767 | 1,325 | 1,311 | 1,430 | 1,282 | ||
Noncurrent Assets | |||||||||
Operating lease, right-of-use asset | 159 | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | ||
Property, plant and equipment | 831 | 729 | 664 | 566 | 541 | 559 | 575 | ||
Long-term investments and receivables | 7 | 7 | |||||||
Long-term investments | 7 | 7 | |||||||
Intangible assets, net (including goodwill) | 2,170 | 1,013 | 991 | 956 | 998 | 1,024 | 1,130 | ||
Goodwill | 1,406 | 834 | 822 | 791 | 806 | 819 | 927 | ||
Intangible assets, net (excluding goodwill) | 764 | 179 | 169 | 165 | 192 | 205 | 203 | ||
Disposal group, including discontinued operation, noncurrent assets | 22 | ✕ | |||||||
Other noncurrent assets | 118 | 116 | 129 | 138 | 117 | 128 | |||
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: | 3,278 | 1,857 | 1,784 | 1,659 | 1,656 | 1,711 | 1,826 | ||
TOTAL ASSETS: | 4,816 | 3,382 | 3,551 | 2,984 | 2,968 | 3,141 | 3,108 | ||
LIABILITIES AND EQUITY | |||||||||
Liabilities | |||||||||
Current Liabilities | |||||||||
Accounts payable and accrued liabilities | 744 | 728 | 734 | 609 | 594 | 842 | 584 | ||
Accounts payable | 463 | 465 | 430 | 351 | 307 | 370 | 339 | ||
Accrued liabilities | 281 | 263 | 303 | 258 | 287 | 338 | 230 | ||
Employee-related liabilities | 0 | 68 | |||||||
Taxes payable | 12 | 15 | |||||||
Interest and dividends payable | 55 | ||||||||
Debt | 51 | 1 | 154 | 4 | (178) | 203 | 174 | ||
Deferred compensation liability | 31 | 25 | 11 | ||||||
Disposal group, including discontinued operation | 6 | ||||||||
Deferred tax liabilities | ✕ | 1 | 2 | ||||||
Customer advances and deposits | ✕ | ✕ | 13 | ✕ | |||||
Other liabilities | 93 | 86 | 89 | 94 | 104 | 83 | 79 | ||
Other undisclosed current liabilities | 39 | 150 | (180) | (20) | |||||
Total current liabilities: | 928 | 816 | 976 | 707 | 701 | 992 | 830 | ||
Noncurrent Liabilities | |||||||||
Long-term debt and lease obligation, including: | 2,067 | 1,168 | 1,098 | 956 | 945 | 767 | 688 | ||
Finance lease, liability | 3 | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | ||
Operating lease, liability | 122 | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | ||
Other undisclosed long-term debt and lease obligation | 1,942 | 1,168 | 1,098 | 956 | 945 | 767 | 688 | ||
Liabilities, other than long-term debt | 389 | 160 | 286 | 177 | 223 | 341 | 247 | ||
Pension and other postretirement defined benefit plans, liabilities | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 40 | ||
Deferred compensation liability, classified | 28 | 15 | |||||||
Deferred tax liabilities, net | ✕ | 83 | 39 | 42 | 63 | ||||
Deferred income tax liabilities | 214 | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | ||
Liability, pension and other postretirement and postemployment benefits | 84 | ✕ | |||||||
Disposal group, including discontinued operation, liabilities | 0 | ||||||||
Other liabilities | 174 | 155 | 203 | 173 | 185 | 185 | 128 | ||
Derivative instruments and hedges, liabilities | 1 | 5 | 4 | 2 | 1 | ||||
Other undisclosed noncurrent liabilities | 121 | 81 | 50 | (114) | (56) | ||||
Total noncurrent liabilities: | 2,576 | 1,409 | 1,384 | 1,184 | 1,169 | 994 | 879 | ||
Total liabilities: | 3,504 | 2,224 | 2,360 | 1,890 | 1,870 | 1,986 | 1,709 | ||
Stockholders' equity | |||||||||
Stockholders' equity attributable to parent, including: | 1,312 | 1,157 | 1,190 | 1,092 | 1,086 | 1,147 | 1,391 | ||
Treasury stock, value | (1,884) | (1,908) | (1,828) | (1,714) | (1,564) | (1,417) | (1,321) | ||
Additional paid in capital | 536 | 527 | 515 | 506 | 530 | 502 | 479 | ||
Accumulated other comprehensive income (loss) | (77) | (78) | (10) | (114) | (91) | (3) | 95 | ||
Retained earnings | 2,735 | 2,614 | 2,511 | 2,411 | 2,209 | 2,061 | 2,136 | ||
Other undisclosed stockholders' equity attributable to parent | 2 | 2 | 2 | 2 | 2 | 2 | 2 | ||
Stockholders' equity attributable to noncontrolling interest | 1 | 1 | 1 | 2 | 12 | 8 | 8 | ||
Total stockholders' equity: | 1,313 | 1,158 | 1,191 | 1,094 | 1,098 | 1,155 | 1,399 | ||
TOTAL LIABILITIES AND EQUITY: | 4,816 | 3,382 | 3,551 | 2,984 | 2,968 | 3,141 | 3,108 |
Income statement (P&L) ($ in millions)
12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | ||
---|---|---|---|---|---|---|---|---|
Revenues | 5,078 | 4,598 | 4,240 | 4,162 | 4,419 | 4,149 | 3,746 | |
Revenue, net | ✕ | ✕ | 3,944 | 3,750 | 3,917 | 3,782 | 3,746 | |
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: | 1,051 | 889 | 868 | 899 | 923 | 790 | 747 | |
Operating expenses | (536) | (429) | (384) | (397) | (682) | (654) | ||
Operating income: | 515 | 460 | 484 | 502 | 923 | 109 | 94 | |
Nonoperating income (Investment Income, Nonoperating) | 7 | 8 | 8 | 4 | 4 | 6 | 8 | |
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) | 223 | 191 | |
Income from continuing operations before income taxes: | 430 | 384 | 432 | 487 | 450 | 296 | 248 | |
Income tax expense | (96) | (78) | (138) | (120) | (122) | (70) | (55) | |
Income from continuing operations: | 334 | 306 | 294 | 367 | 328 | 225 | 193 | |
Income (loss) from discontinued operations | (1) | 200 | 9 | |||||
Income before gain (loss) on sale of properties: | 334 | 306 | 294 | 367 | 327 | 425 | 202 | |
Other undisclosed net income (loss) | (1) | 19 | 2 | (324) | (2) | |||
Net income: | 334 | 306 | 293 | 386 | 329 | 101 | 200 | |
Net loss attributable to noncontrolling interest | (0) | (0) | (0) | (0) | (4) | (3) | (2) | |
Net income available to common stockholders, diluted: | 334 | 306 | 293 | 386 | 325 | 98 | 197 |
Comprehensive Income ($ in millions)
12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | ||
---|---|---|---|---|---|---|---|---|
Net income: | 334 | 306 | 293 | 386 | 329 | 101 | 200 | |
Other comprehensive income (loss) | 1 | (68) | 104 | (23) | (89) | (97) | 24 | |
Comprehensive income: | 335 | 238 | 397 | 364 | 240 | 4 | 223 | |
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: | 335 | 238 | 397 | 363 | 237 | 1 | 221 |
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.