La-Z-Boy Incorporated (LZB) financial statements (2021 and earlier)

Company profile

Business Address ONE LA-Z-BOY DRIVE
MONROE, MI 48162
State of Incorp. MI
Fiscal Year End April 30
SIC 251 - Household Furniture (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

1/31/2021
TTM
4/30/2020
4/30/2019
4/30/2018
4/30/2017
4/30/2016
4/30/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments39026213013514211298
Cash and cash equivalents39026213013514211298
Restricted cash and investments32229910
Receivables12999143154151147159
Inventory, net of allowances, customer advances and progress billings212182197185175176157
Inventory212182197185175176157
Deferred tax assets    11
Other current assets154826942413942
Total current assets:888626541518517482476
Noncurrent Assets
Finance lease, right-of-use asset 0
Operating lease, right-of-use asset 319
Property, plant and equipment213215201181169172174
Intangible assets, net (including goodwill)20619021693934621
Goodwill17616118675743715
Intangible assets, net (excluding goodwill)312930181895
Deferred income tax assets1621
Other noncurrent assets80658279695968
Deferred tax assets, net   4235
Other undisclosed noncurrent assets337 212140  
Total noncurrent assets:852809519375371318298
TOTAL ASSETS:1,7401,4351,060893889800775
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities96566562514597
Accounts payable96566562514546
Accrued liabilities      10
Employee-related liabilities      41
Debt 13900000
Customer advances and deposits   24
Other liabilities388155173119147112108
Other undisclosed current liabilities66     (75)
Total current liabilities:551350239181199157155
Noncurrent Liabilities
Long-term debt and lease obligation, including:28927000010
Operating lease, liability289270
Other undisclosed long-term debt and lease obligation  00010
Liabilities, other than long-term debt11298124868985100
Accounts payable and accrued liabilities      14
Other liabilities1129812486898586
Other undisclosed noncurrent liabilities      (14)
Total noncurrent liabilities:40136812486898587
Total liabilities:952719363268288243242
Stockholders' equity
Stockholders' equity attributable to parent779701683612590547524
Common stock46464747484951
Additional paid in capital334318313299290279270
Accumulated other comprehensive loss(2)(7)(3)(25)(33)(34)(32)
Retained earnings401344326292285252236
Stockholders' equity attributable to noncontrolling interest916141311109
Total stockholders' equity:788716697625601557533
TOTAL LIABILITIES AND EQUITY:1,7401,4351,060893889800775

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

1/31/2021
TTM
4/30/2020
4/30/2019
4/30/2018
4/30/2017
4/30/2016
4/30/2015
Revenues1,5821,7041,7451,5841,5201,5251,425
Revenue, net1,5841,5201,5251,425
Cost of revenue(892)(983)(1,043)(961)(914)(943)(921)
Cost of goods and services sold     (943)(921)
Gross profit:690721703623607582504
Operating expenses(590)(603)(573)(493)(476)(459)(409)
Other undisclosed operating income (loss)     (1)8
Operating income:100119130129131122103
Nonoperating income (expense)8(4)(0)0132
Investment income, nonoperating2322111
Other nonoperating income (expense)6(7)(2)(2)(0)21
Interest and debt expense     (0)(1)
Income from continuing operations before equity method investments, income taxes:108115130129132125105
Other undisclosed income (loss) from continuing operations before income taxes01(34)(1)(1)01
Income from continuing operations before income taxes:10811595129131125106
Income tax expense(36)(36)(25)(47)(44)(44)(37)
Income from continuing operations:73797082878169
Income from discontinued operations      3
Net income:73797082878172
Net loss attributable to noncontrolling interest(2)(2)(2)(1)(1)(2)(1)
Net income attributable to parent:71776981867971
Undistributed earnings (loss) allocated to participating securities, basic(0)(0)(0)(0)
Other undisclosed net loss available to common stockholders, basic    (0)(0)(0)
Net income available to common stockholders, diluted:71776880867970

Comprehensive Income ($ in millions)

1/31/2021
TTM
4/30/2020
4/30/2019
4/30/2018
4/30/2017
4/30/2016
4/30/2015
Net income:73797082878172
Other comprehensive income (loss)0(3)2391(2)(1)
Comprehensive income:73769390887971
Comprehensive loss, net of tax, attributable to noncontrolling interest(2)(1)(1)(2)(1)(1)(1)
Comprehensive income, net of tax, attributable to parent:72759289877770

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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