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)

11/30/2020
TTM
5/31/2020
5/31/2019
5/31/2018
5/31/2017
5/31/2016
5/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments3854611682131059269
Cash and cash equivalents378454159204968564
Short-term investments7799986
Receivables226200252219187211189
Inventory, net of allowances, customer advances and progress billings191197184162152128130
Inventory191197184162152128130
Prepaid expense2743910182010
Other current assets916     
Other undisclosed current assets  4841302966
Total current assets:838917661645492481464
Noncurrent Assets
Operating lease, right-of-use asset226194
Property, plant and equipment326331349331315280250
Long-term investments and receivables  89171644
Long-term investments  89171644
Intangible assets, net (including goodwill)567551423424428441441
Goodwill359346304304305305303
Intangible assets, net (excluding goodwill)209205119119124136138
Other noncurrent assets7261     
Other undisclosed noncurrent assets  4762562930
Total noncurrent assets:1,1911,137908834814755725
TOTAL ASSETS:2,0292,0541,5691,4801,3061,2351,188
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities418422415332305311292
Accounts payable164129178171148166165
Accrued liabilities18722215274776061
Employee-related liabilities66718686808567
Debt5251311   
Customer advances and deposits 333532
Other undisclosed current liabilities38402871484427
Total current liabilities:508513446414386390351
Noncurrent Liabilities
Long-term debt and lease obligation481719282275200222290
Long-term debt, excluding current maturities275540282275200222290
Operating lease, liability206179
Liabilities, other than long-term debt186129102951087289
Liability, pension and other postretirement and postemployment benefits42422516392628
Other liabilities144867780704661
Total noncurrent liabilities:666847383370308294379
Total liabilities:1,1741,361830784694684730
Temporary equity, carrying amount57502131252730
Stockholders' equity
Stockholders' equity attributable to parent798643719665588524428
Common stock12121212121212
Additional paid in capital888290117139143135
Deferred compensation equity(0)(0)(1)(1)(1)(1)(1)
Accumulated other comprehensive loss(98)(134)(94)(61)(82)(65)(56)
Retained earnings797684713598520435338
Stockholders' equity attributable to noncontrolling interest   0001
Total stockholders' equity:798643719665588525428
TOTAL LIABILITIES AND EQUITY:2,0292,0541,5691,4801,3061,2351,188

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

11/30/2020
TTM
5/31/2020
5/31/2019
5/31/2018
5/31/2017
5/31/2016
5/31/2015
Revenues2,3952,4872,5672,3812,2782,2652,142
Revenue, net 2,2782,2652,142
Cost of revenue
(Cost of Goods and Services Sold)
(1,491)(1,576)(1,637)(1,508)(1,414)(1,391)(1,351)
Gross profit:903911930873864874791
Operating expenses(898)(949)(726)(696)(673)(663)(628)
Operating income (loss):5(38)204178191212163
Nonoperating income (expense)41(8)(9)(13)(15)(18)
Investment income, nonoperating 224211
Other nonoperating income (expense)2(1)2(0)(0)(0)(1)
Interest and debt expense(14)(13)(12)(14)(15)(15)(18)
Other undisclosed income from continuing operations before equity method investments, income taxes36361214151518
Income (loss) from continuing operations before equity method investments, income taxes:32(13)195168178197145
Income from equity method investments5553200
Other undisclosed loss from continuing operations before income taxes(31)      
Income (loss) from continuing operations before income taxes:6(8)200171179197145
Income tax expense(18)(6)(40)(42)(55)(60)(47)
Income (loss) before gain (loss) on sale of properties:(12)(14)16112912413898
Other undisclosed net loss(3)      
Net income (loss):(15)(14)16112912413898
Net income (loss) attributable to noncontrolling interest35 (1)(0)(1)(1)
Other undisclosed net loss attributable to parent     (0)(0)
Net income (loss) available to common stockholders, diluted:(12)(9)16112812413798

Comprehensive Income ($ in millions)

11/30/2020
TTM
5/31/2020
5/31/2019
5/31/2018
5/31/2017
5/31/2016
5/31/2015
Net income (loss):(15)(14)16112912413898
Other comprehensive income (loss)(2)(40)(34)21(18)(8)(18)
Comprehensive income (loss):(16)(54)12615010612980
Comprehensive income (loss), net of tax, attributable to noncontrolling interest05 (1)(0)(1)(1)
Comprehensive income (loss), net of tax, attributable to parent:(16)(49)12614910612879

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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