Herman Miller, Inc. (MLHR) financial statements (2021 and earlier)

Company profile

Business Address 855 E MAIN AVE
ZEELAND, MI 49464-0302
State of Incorp. MI
Fiscal Year End May 31
SIC 252 - Office Furniture (benchmarking)
More info Complete financial analysis Financial benchmarking

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

11/30/2019
TTM
5/31/2019
5/31/2018
5/31/2017
5/31/2016
5/31/2015
5/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1861682131059269113
Cash and cash equivalents177159204968564102
Short-term investments99998611
Receivables245252219187211189204
Inventory, net of allowances, customer advances and progress billings18418416215212813078
Inventory18418416215212813078
Prepaid expense3891018201013
Other current assets14      
Other undisclosed current assets 484130296644
Total current assets:667661645492481464452
Noncurrent Assets
Property, plant and equipment340349331315280250195
Long-term investments and receivables 891716444
Long-term investments 891716444
Intangible assets, net (including goodwill)516423424428441441313
Goodwill364304304305305303228
Intangible assets, net (excluding goodwill)15211911912413613885
Other noncurrent assets123      
Other undisclosed noncurrent assets233476256293027
Total noncurrent assets:1,211908834814755725539
TOTAL ASSETS:1,8781,5691,4801,3061,2351,188991
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities448415332305311292281
Accounts payable167178171148166165137
Accrued liabilities1991527477606179
Employee-related liabilities82868680856765
Debt3311   50
Customer advances and deposits 333532
Other undisclosed current liabilities30287148442725
Total current liabilities:481446414386390351356
Noncurrent Liabilities
Long-term debt and lease obligation275282275200222290200
Long-term debt, excluding current maturities275282275200222290200
Liabilities, other than long-term debt7910295108728963
Pension and other postretirement defined benefit plans, liabilities18
Liability, pension and other postretirement and postemployment benefits242516392628
Other liabilities55778070466145
Other undisclosed noncurrent liabilities198      
Total noncurrent liabilities:552383370308294379263
Total liabilities:1,033830784694684730619
Temporary equity, carrying amount 2131252730 
Stockholders' equity
Stockholders' equity attributable to parent845719665588524428372
Common stock12121212121212
Additional paid in capital10090117139143135122
Deferred compensation equity(1)(1)(1)(1)(1)(1)(2)
Accumulated other comprehensive loss(94)(94)(61)(82)(65)(56)(38)
Retained earnings827713598520435338277
Stockholders' equity attributable to noncontrolling interest  0001 
Total stockholders' equity:845719665588525428372
TOTAL LIABILITIES AND EQUITY:1,8781,5691,4801,3061,2351,188991

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

11/30/2019
TTM
5/31/2019
5/31/2018
5/31/2017
5/31/2016
5/31/2015
5/31/2014
Revenues2,6352,5672,3812,2782,2652,1421,882
Revenue, net 2,2782,2652,1421,882
Cost of revenue
(Cost of Goods and Services Sold)
(1,664)(1,637)(1,508)(1,414)(1,391)(1,351)(1,251)
Gross profit:971930873864874791631
Operating expenses(744)(726)(696)(673)(663)(628)(657)
Operating income (loss):227204178191212163(26)
Nonoperating expense(8)(8)(9)(13)(15)(18)(18)
Investment income, nonoperating 242110
Other nonoperating income (expense)22(0)(0)(0)(1)(1)
Interest and debt expense(12)(12)(14)(15)(15)(18)(18)
Other undisclosed income from continuing operations before equity method investments, income taxes12121415151818
Income (loss) from continuing operations before equity method investments, income taxes:219195168178197145(43)
Income from equity method investments5532000
Other undisclosed income from continuing operations before income taxes31      
Income (loss) from continuing operations before income taxes:255200171179197145(43)
Income tax expense (benefit)(45)(40)(42)(55)(60)(47)21
Income (loss) before gain (loss) on sale of properties:21016112912413898(22)
Other undisclosed net income2      
Net income (loss):21216112912413898(22)
Net income (loss) attributable to noncontrolling interest0 (1)(0)(1)(1) 
Other undisclosed net income (loss) attributable to parent0   (0)(0) 
Net income (loss) available to common stockholders, diluted:21216112812413798(22)

Comprehensive Income ($ in millions)

11/30/2019
TTM
5/31/2019
5/31/2018
5/31/2017
5/31/2016
5/31/2015
5/31/2014
Net income (loss):21216112912413898(22)
Other comprehensive income (loss)(23)(34)21(18)(8)(18)86
Comprehensive income:1891261501061298064
Comprehensive income (loss), net of tax, attributable to noncontrolling interest0 (1)(0)(1)(1) 
Other undisclosed comprehensive income, net of tax, attributable to parent0      
Comprehensive income, net of tax, attributable to parent:1891261491061287964

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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