LL Flooring Holdings, Inc. (LL) financial statements (2022 and earlier)

Company profile

Business Address 4901 BAKERS MILL LANE
RICHMOND, VA 23230
State of Incorp.
Fiscal Year End December 31
SIC 5211 - Lumber and Other Building Materials Dealers (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 investments85170912201027
Cash and cash equivalents85170912201027
Receivables    13120
Inventory, net of allowances, customer advances and progress billings254244286318262302244
Inventory254244286318262302244
Prepaid expense9986956
Deposits current assets  2222   
Deferred tax assets  621
Other current assets111079555
Other undisclosed current assets 427    
Total current assets:360438359366298360323
Noncurrent Assets
Operating lease, right-of-use asset120109 
Property, plant and equipment97989994100115122
Intangible assets, net (including goodwill)10101010101010
Goodwill10101010101010
Intangible assets, net (excluding goodwill)  1    
Deferred income tax assets1112 
Other noncurrent assets9876342
Other undisclosed noncurrent assets  121    
Total noncurrent assets:246236237109113128133
TOTAL ASSETS:606674596476411489456
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities789279878413465
Accounts payable637160736812155
Employee-related liabilities10151291296
Taxes payable4674444
Debt 33     
Deferred lease income 3  
Liability for uncertainty in income taxes0003   
Estimated litigation liability3430679837  
Self insurance reserve3332222
Other liabilities21261917192029
Other undisclosed current liabilities97557034363132
Total current liabilities:232242238242178187128
Noncurrent Liabilities
Long-term debt and lease obligation971918265154020
Long-term debt, excluding current maturities 1018265154020
Operating lease, liability9790 
Liabilities, other than long-term debt4131421192131
Deferred revenue and credits56 
Deferred tax liabilities, net1  11
Accrued environmental loss contingencies    10  
Off-market lease, unfavorable    33 
Estimated litigation liability    112 
Other liabilities4131420  20
Other undisclosed noncurrent liabilities  101 110 
Total noncurrent liabilities:10120419786357151
Total liabilities:334447435328213258179
Stockholders' equity
Stockholders' equity attributable to parent272228161147198231278
Common stock0000000
Treasury stock, value(145)(143)(142)(142)(141)(139)(139)
Additional paid in capital228223219214209203181
Accumulated other comprehensive loss  (2)(1)(1)(1)(2)
Retained earnings1901488677131169238
Total stockholders' equity:272228161147198231278
TOTAL LIABILITIES AND EQUITY:606674596476411489456

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
Revenues1,1521,0981,0931,0851,029961979
Revenue, net1,0851,029961979
Cost of revenue
(Cost of Goods and Services Sold)
(712)(670)(689)(692)(660)(657)(700)
Gross profit:440428404393369304279
Operating expenses(387)(371)(387)(444)(406)(398)(362)
Operating income (loss):535617(51)(37)(94)(83)
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
0(3)(4)(3)(2)(1)(0)
Income (loss) from continuing operations before income taxes:535413(53)(39)(94)(83)
Income tax expense (benefit)(11)8(3)(1)12627
Income (loss) before gain (loss) on sale of properties:426110(54)(38)(69)(56)
Unusual or infrequent item, or both, net (gain) loss 3    
Other undisclosed net loss (3)     
Net income (loss) available to common stockholders, diluted:426110(54)(38)(69)(56)

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 (loss):426110(54)(38)(69)(56)
Comprehensive income (loss):426110(54)(38)(69)(56)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent 2(0)(0)00(1)
Comprehensive income (loss), net of tax, attributable to parent:42639(55)(38)(68)(57)

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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