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)

1/31/2020
TTM
4/30/2019
4/30/2018
4/30/2017
4/30/2016
4/30/2015
4/30/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments16613013514211298150
Cash and cash equivalents16613013514211298150
Restricted cash and investments2229910 
Receivables154143154151147159153
Inventory, net of allowances, customer advances and progress billings199197185175176157147
Inventory199197185175176157147
Assets held-for-sale4
Deferred tax assets    11 
Other current assets83694241394241
Other undisclosed current assets      28
Total current assets:603541518517482476523
Noncurrent Assets
Finance lease, right-of-use asset0
Operating lease, right-of-use asset318
Property, plant and equipment213201181169172174128
Intangible assets, net (including goodwill)2152169393462118
Goodwill1851867574371514
Intangible assets, net (excluding goodwill)29301818955
Deferred income tax assets20
Other noncurrent assets74827969596870
Deferred tax assets, net   4235 
Other undisclosed noncurrent assets 212140  32
Total noncurrent assets:839519375371318298249
TOTAL ASSETS:1,4431,060893889800775771
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities68656251459799
Accounts payable68656251454656
Accrued liabilities     10 
Employee-related liabilities     4143
Debt 000007
Customer advances and deposits   24
Other liabilities195173119147112108103
Other undisclosed current liabilities65    (75)(42)
Total current liabilities:329239181199157155167
Noncurrent Liabilities
Long-term debt and lease obligation, including:268000100
Long-term debt, excluding current maturities      0
Operating lease, liability268
Other undisclosed long-term debt and lease obligation 00010 
Liabilities, other than long-term debt11712486898510074
Accounts payable and accrued liabilities     14 
Other liabilities1171248689858674
Other undisclosed noncurrent liabilities     (14) 
Total noncurrent liabilities:3851248689858774
Total liabilities:713363268288243242242
Stockholders' equity
Stockholders' equity attributable to parent714683612590547524522
Common stock46474748495152
Additional paid in capital317313299290279270263
Accumulated other comprehensive loss(2)(3)(25)(33)(34)(32)(31)
Retained earnings353326292285252236238
Stockholders' equity attributable to noncontrolling interest161413111098
Total stockholders' equity:729697625601557533530
TOTAL LIABILITIES AND EQUITY:1,4431,060893889800775771

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

1/31/2020
TTM
4/30/2019
4/30/2018
4/30/2017
4/30/2016
4/30/2015
4/30/2014
Revenues1,7901,7451,5841,5201,5251,4251,357
Revenue, net1,5841,5201,5251,4251,357
Cost of revenue(1,051)(1,043)(961)(914)(943)(921)(893)
Cost of goods and services sold    (943)(921)(888)
Other undisclosed gross profit      1
Gross profit:740703623607582504464
Operating expenses(597)(573)(493)(476)(459)(409)(389)
Other undisclosed operating income (loss)    (1)813
Operating income:14313012913112210389
Nonoperating income (expense)(3)(0)01323
Investment income, nonoperating3221111
Other nonoperating income (expense)(6)(2)(2)(0)212
Interest and debt expense    (0)(1)(1)
Income from continuing operations before equity method investments, income taxes:14013012913212510592
Other undisclosed income (loss) from continuing operations before income taxes(34)(34)(1)(1)01 
Income from continuing operations before income taxes:1069512913112510692
Income tax expense(28)(25)(47)(44)(44)(37)(31)
Income from continuing operations:77708287816960
Income (loss) from discontinued operations     3(4)
Net income:77708287817256
Net loss attributable to noncontrolling interest(1)(2)(1)(1)(2)(1)(1)
Net income attributable to parent:77698186797155
Undistributed earnings (loss) allocated to participating securities, basic(0)(0)(0)
Other undisclosed net loss available to common stockholders, basic   (0)(0)(0)(0)
Net income available to common stockholders, diluted:77688086797055

Comprehensive Income ($ in millions)

1/31/2020
TTM
4/30/2019
4/30/2018
4/30/2017
4/30/2016
4/30/2015
4/30/2014
Net income:77708287817256
Other comprehensive income (loss)262391(2)(1)3
Comprehensive income:103939088797160
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(1)(1)(2)(1)(1)(1)1
Other undisclosed comprehensive loss, net of tax, attributable to parent      (1)
Comprehensive income, net of tax, attributable to parent:102928987777059

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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