La-Z-Boy Incorporated (LZB) financial statements (2022 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)

1/31/2022
TTM
4/30/2021
4/30/2020
4/30/2019
4/30/2018
4/30/2017
4/30/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments237391262130135142112
Cash and cash equivalents237391262130135142112
Restricted cash and investments3322299
Receivables16313999143154151147
Inventory, net of allowances, customer advances and progress billings316226182197185175176
Inventory316226182197185175176
Other current assets2441668269424139
Total current assets:962926626541518517482
Noncurrent Assets
Finance lease, right-of-use asset 10
Operating lease, right-of-use asset 343319
Property, plant and equipment251219215201181169172
Intangible assets, net (including goodwill)229206190216939346
Goodwill195176161186757437
Intangible assets, net (excluding goodwill)3430293018189
Deferred income tax assets121221
Other noncurrent assets86796582796959
Deferred tax assets, net   42
Other undisclosed noncurrent assets389  212140 
Total noncurrent assets:967860809519375371318
TOTAL ASSETS:1,9301,7861,4351,060893889800
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities117945665625145
Accounts payable117945665625145
Debt 01390000
Other liabilities523450155173119147112
Other undisclosed current liabilities7367     
Total current liabilities:713612350239181199157
Noncurrent Liabilities
Long-term debt and lease obligation, including:3382952700001
Finance lease, liability 0 
Operating lease, liability338295270
Other undisclosed long-term debt and lease obligation   0001
Liabilities, other than long-term debt939798124868985
Other liabilities939798124868985
Total noncurrent liabilities:432393368124868985
Total liabilities:1,1451,004719363268288243
Stockholders' equity
Stockholders' equity attributable to parent775773701683612590547
Common stock44454647474849
Additional paid in capital339331318313299290279
Accumulated other comprehensive loss(3)(2)(7)(3)(25)(33)(34)
Retained earnings396399344326292285252
Stockholders' equity attributable to noncontrolling interest991614131110
Total stockholders' equity:784782716697625601557
TOTAL LIABILITIES AND EQUITY:1,9301,7861,4351,060893889800

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

1/31/2022
TTM
4/30/2021
4/30/2020
4/30/2019
4/30/2018
4/30/2017
4/30/2016
Revenues2,1921,7341,7041,7451,5841,5201,525
Revenue, net1,5841,5201,525
Cost of revenue(1,325)(994)(983)(1,043)(961)(914)(943)
Cost of goods and services sold      (943)
Gross profit:867740721703623607582
Operating expenses(689)(604)(603)(573)(493)(476)(459)
Other undisclosed operating loss      (1)
Operating income:178137119130129131122
Nonoperating income (expense)211(4)(0)013
Investment income, nonoperating1132211
Other nonoperating income (expense)19(7)(2)(2)(0)2
Interest and debt expense      (0)
Income from continuing operations before equity method investments, income taxes:180147115130129132125
Other undisclosed income (loss) from continuing operations before income taxes(1)(1)1(34)(1)(1)0
Income from continuing operations before income taxes:17914611595129131125
Income tax expense(47)(38)(36)(25)(47)(44)(44)
Net income:1331087970828781
Net loss attributable to noncontrolling interest(3)(1)(2)(2)(1)(1)(2)
Net income attributable to parent:1301067769818679
Undistributed earnings (loss) allocated to participating securities, basic(0)(0)(0)(0)(0)
Other undisclosed net loss available to common stockholders, basic     (0)(0)
Net income available to common stockholders, diluted:1301067768808679

Comprehensive Income ($ in millions)

1/31/2022
TTM
4/30/2021
4/30/2020
4/30/2019
4/30/2018
4/30/2017
4/30/2016
Net income:1331087970828781
Other comprehensive income (loss)(2)6(3)2391(2)
Comprehensive income:1311137693908879
Comprehensive loss, net of tax, attributable to noncontrolling interest(2)(2)(1)(1)(2)(1)(1)
Comprehensive income, net of tax, attributable to parent:1291127592898777

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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