Lennox International, Inc. (LII) financial statements (2022 and earlier)

Company profile

Business Address 2140 LAKE PARK BLVD
RICHARDSON, TX 75080
State of Incorp. DE
Fiscal Year End December 31
SIC 3585 - Air-Conditioning and Warm Air Heating Equipment and Commercial and Industrial Refrigeration Equipment (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 investments371294046685039
Cash and cash equivalents311243746685039
Short-term investments653    
Receivables508448478473507470423
Inventory, net of allowances, customer advances and progress billings511439544510484419419
Inventory511439544510484419419
Other current assets120715961786758
Total current assets:1,1751,0881,1211,0891,1371,006938
Noncurrent Assets
Operating lease, right-of-use asset196194182
Property, plant and equipment515464445408398361340
Long-term investments and receivables   37333130
Long-term investments   37333130
Intangible assets, net (including goodwill)187187187187213207209
Goodwill187187187187201195195
Intangible assets, net (excluding goodwill)    131214
Deferred income tax assets11  
Other noncurrent assets87867966626162
Other undisclosed noncurrent assets 1322304894102
Total noncurrent assets:997945914728754754742
TOTAL ASSETS:2,1722,0332,0351,8171,8921,7601,680
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities761636628708621636589
Accounts payable402340372433349361320
Accrued liabilities359296256272270266243
Taxes payable   22926
Debt111032230134253235
Other undisclosed current liabilities555553    
Total current liabilities:8277011,0031,009655889824
Noncurrent Liabilities
Long-term debt and lease obligation, including:1,227971849741971616509
Long-term debt, excluding current maturities250      
Finance lease, liability292926
Capital lease obligations16121516
Operating lease, liability145143131
Other undisclosed long-term debt and lease obligation803799692725959601493
Liabilities, other than long-term debt361339322218216218246
Accounts payable and accrued liabilities978275    
Deferred revenue666
Liability, pension and other postretirement and postemployment benefits839387838790125
Other liabilities159142135135129128121
Self insurance reserve161619    
Other undisclosed noncurrent liabilities273931    
Total noncurrent liabilities:1,6141,3481,2029581,187834755
Total liabilities:2,4412,0502,2051,9671,8411,7221,579
Stockholders' equity
Stockholders' equity attributable to parent, including:(269)(17)(170)(150)5038102
Common stock1111111
Treasury stock, value(4,035)(3,420)(3,310)(2,896)(2,431)(2,167)(1,844)
Additional paid in capital1,1341,1131,0941,0791,0621,0461,002
Accumulated other comprehensive loss(88)(97)(104)(189)(157)(195)(205)
Retained earnings2,7192,3862,1491,8551,5761,3531,147
Other undisclosed stockholders' equity attributable to parent     00
Total stockholders' equity:(269)(17)(170)(150)5038102
TOTAL LIABILITIES AND EQUITY:2,1722,0332,0351,8171,8921,7601,680

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
Revenues4,1943,6343,8073,8843,8403,6423,467
Revenue, net3,8403,6423,467
Cost of revenue
(Cost of Goods and Services Sold)
(3,006)(2,594)(2,727)(2,773)(2,714)(2,565)(2,520)
Gross profit:1,1881,0401,0801,1111,1251,077947
Operating expenses(601)(567)(596)(3)(3)(2)(628)
Other operating expense, net(9)(7)(8)(2)  (22)
Other expenses  (2)(2)   
Other undisclosed operating income (loss)1213182(597)(628)(645)8
Operating income:590479657510495429305
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
(4)(4)(2)(3)0 1
Interest and debt expense(25)(28)(48)(38)(31)(27)(24)
Income from continuing operations before equity method investments, income taxes:561446607468464402283
Other undisclosed income (loss) from continuing operations before income taxes(1)(1)(99)  0 
Income from continuing operations before income taxes:560445508468464403283
Income tax expense(96)(88)(99)(108)(157)(124)(95)
Income from continuing operations:464357409360307279187
Loss from discontinued operations (1)(0)(1)(1)(1)(1)
Net income available to common stockholders, diluted:464356409359306278187

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:464356409359306278187
Other comprehensive income (loss)9785(31)3810(51)
Comprehensive income, net of tax, attributable to parent:473363494328343287135

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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