La-Z-Boy Incorporated (LZB) Financial Statements (2024 and earlier)

Company Profile

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

Balance Sheet (Statement of Financial Position) ($ in millions)

10/31/2023
MRQ
4/30/2023
1/31/2023
MRQ
4/30/2022
4/30/2021
4/30/2020
4/30/2019
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments343281246391262130
Cash and cash equivalents343281246391262130
Restricted cash and investments333322
Receivables12613818413999143
Inventory, net of allowances, customer advances and progress billings276304303226182197
Inventory276304303226182197
Other current assets1061242161668269
Total current assets:855849952926626541
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization 0 010
Operating lease, right-of-use asset 416 405343319
Property, plant and equipment279268253219215201
Intangible assets, net (including goodwill)244244229206190216
Goodwill205205195176161186
Intangible assets, net (excluding goodwill)393934302930
Deferred income tax assets911111221
Other noncurrent assets647582796582
Other undisclosed noncurrent assets 400   21
Total noncurrent assets:1,012997980860809519
TOTAL ASSETS:1,8661,8461,9321,7861,4351,060
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities10787104945665
Accounts payable10787104945665
Debt    01390
Other liabilities291345496450155173
Other undisclosed current liabilities78777567  
Total current liabilities:476509676612350239
Noncurrent Liabilities
Long-term debt and lease obligation, including: 0 3552952700
Finance lease, liability 0 00 
Other undisclosed long-term debt and lease obligation      0
Liabilities, other than long-term debt438420829798124
Other liabilities7070829798124
Operating lease, liability368350354295270
Total noncurrent liabilities:438420437393368124
Total liabilities:9149301,1121,004719363
Equity
Equity, attributable to parent942906811773701683
Common stock434343454647
Additional paid in capital359350342331318313
Accumulated other comprehensive loss(6)(6)(6)(2)(7)(3)
Retained earnings545519431399344326
Equity, attributable to noncontrolling interest1010991614
Total equity:952917820782716697
TOTAL LIABILITIES AND EQUITY:1,8661,8461,9321,7861,4351,060

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

10/31/2023
TTM
4/30/2023
1/31/2023
TTM
4/30/2022
4/30/2021
4/30/2020
4/30/2019
Revenues2,3492,4732,3571,7341,7041,745
Cost of revenue(1,341)(1,453)(1,441)(994)(983)(1,043)
Gross profit:1,0091,020916740721703
Operating expenses(797)(784)(709)(604)(603)(573)
Operating income:211236207137119130
Nonoperating income (expense)(5)2(0)11(4)(0)
Investment income, nonoperating741132
Other nonoperating income (expense)(12)(2)(2)9(7)(2)
Income from continuing operations before equity method investments, income taxes:206238206147115130
Other undisclosed income (loss) from continuing operations before income taxes(1)(1)(1)(1)1(34)
Income from continuing operations before income taxes:20623720514611595
Income tax expense(54)(63)(53)(38)(36)(25)
Income from continuing operations:1521751521087970
Income before gain (loss) on sale of properties:1431521087970
Net income:1521751521087970
Net loss attributable to noncontrolling interest(1)(1)(2)(1)(2)(2)
Net income attributable to parent:1511741501067769
Undistributed earnings (loss) allocated to participating securities, basic  (0)(0)(0)(0)(0)
Net income available to common stockholders, diluted:1511741501067768

Comprehensive Income ($ in millions)

10/31/2023
TTM
4/30/2023
1/31/2023
TTM
4/30/2022
4/30/2021
4/30/2020
4/30/2019
Net income:1521751521087970
Other comprehensive income (loss)0(3)(5)6(3)23
Comprehensive income:1521721471137693
Comprehensive loss, net of tax, attributable to noncontrolling interest(1)(1)(2)(2)(1)(1)
Comprehensive income, net of tax, attributable to parent:1511711461127592

Statements Sources

The financial statements are based on the Company's filings with 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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