Leggett & Platt, Incorporated (LEG) financial statements (2022 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)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments362349248268526282253
Cash and cash equivalents362349248268526282253
Receivables652564592572595487520
Inventory, net of allowances, customer advances and progress billings993646637634571520505
Inventory993646637634571520505
Prepaid expense   629  
Disposal group, including discontinued operation3545     
Other current assets   45463733
Other undisclosed current assets24962    
Total current assets:2,0651,6121,5381,5251,7671,3251,311
Noncurrent Assets
Operating lease, right-of-use asset193162159
Property, plant and equipment782785831729664566541
Intangible assets, net (including goodwill)2,1572,0902,1701,013991956998
Goodwill1,4501,3891,406834822791806
Intangible assets, net (excluding goodwill)708702764179169165192
Other noncurrent assets111105118116129138117
Total noncurrent assets:3,2423,1423,2781,8571,7841,6591,656
TOTAL ASSETS:5,3074,7544,8163,3823,5512,9842,968
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities899828744728734609594
Accounts payable614552463465430351307
Accrued liabilities285275281263303258287
Employee-related liabilities00    0
Debt301515111544(178)
Deferred compensation liability1311    31
Other liabilities928593868994104
Other undisclosed current liabilities323139   150
Total current liabilities:1,3361,006928816976707701
Noncurrent Liabilities
Long-term debt and lease obligation, including:1,7901,8492,0671,1681,098956945
Finance lease, liability333
Operating lease, liability153122122
Other undisclosed long-term debt and lease obligation1,6341,7251,9421,1681,098956945
Liabilities, other than long-term debt381389389160286177223
Deferred tax liabilities, net 83 39
Deferred income tax liabilities217194214
Other liabilities163192174155203173185
Derivative instruments and hedges, liabilities1215 4 
Other undisclosed noncurrent liabilities15212012181 50 
Total noncurrent liabilities:2,3232,3582,5761,4091,3841,1841,169
Total liabilities:3,6593,3643,5042,2242,3601,8901,870
Stockholders' equity
Stockholders' equity attributable to parent, including:1,6481,3901,3121,1571,1901,0921,086
Treasury stock, value(1,847)(1,865)(1,884)(1,908)(1,828)(1,714)(1,564)
Additional paid in capital558543536527515506530
Accumulated other comprehensive loss(38)(52)(77)(78)(10)(114)(91)
Retained earnings2,9732,7622,7352,6142,5112,4112,209
Other undisclosed stockholders' equity attributable to parent2222222
Stockholders' equity attributable to noncontrolling interest11111212
Total stockholders' equity:1,6491,3901,3131,1581,1911,0941,098
TOTAL LIABILITIES AND EQUITY:5,3074,7544,8163,3823,5512,9842,968

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues5,1344,3295,0784,5984,2404,1624,419
Revenue, net3,9443,7503,917
Cost of revenue
(Cost of Goods and Services Sold)
(4,034)(3,386)(3,702)(3,381)(3,076)(2,851)(2,994)
Other undisclosed gross profit(61)(49)(326)(329)(296)(412)(501)
Gross profit:1,0388951,051889868899923
Operating expenses(460)(527)(536)(429)(384)(397) 
Other operating income, net14     
Operating income:580372515460484502923
Nonoperating income8778844
Investment income, nonoperating9978844
Foreign currency transaction loss, before tax(1)(2)     
Interest and debt expense(77)(83)(91)(61)(44)(39)(41)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes 25(1)(23)(16)20(437)
Income from continuing operations before equity method investments, income taxes:511321430384432487450
Other undisclosed income from continuing operations before income taxes12      
Income from continuing operations before income taxes:522321430384432487450
Income tax expense(120)(73)(96)(78)(138)(120)(122)
Income from continuing operations:403248334306294367328
Loss from discontinued operations (3)    (1)
Income before gain (loss) on sale of properties:403245334306294367327
Other undisclosed net income (loss) 3  (1)192
Net income:403248334306293386329
Net loss attributable to noncontrolling interest(0) (0)(0)(0)(0)(4)
Other undisclosed net loss attributable to parent (0)     
Net income available to common stockholders, diluted:402248334306293386325

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:403248334306293386329
Other comprehensive income (loss)14241(68)104(23)(89)
Comprehensive income:417272335238397364240
Comprehensive loss, net of tax, attributable to noncontrolling interest(0)(0)(0)(0)(0)(0)(4)
Other undisclosed comprehensive income, net of tax, attributable to parent 0     
Comprehensive income, net of tax, attributable to parent:417272335238397363237

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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