hD

Balance Sheet Summary

HNI (HNI) annual balance sheet covering fiscal 2021 through 2026, as reported to the SEC.

  • HNI had total Assets of $4.88B and total Liabilities of $3.05B as of January 3, 2026. That leaves shareholders' equity of $1.84B.
  • Total Assets were up 160.5% from $1.88B in fiscal 2024.
  • Total Current Assets of $1.41B were 1.2 times total Current Liabilities of $1.14B.
  • Cash and cash equivalents were $209.2M, up 935.6% from $20.2M. That is 4.3% of total assets.
  • Long-Term Debt was $1.28B, or 26.1% of total assets, up 333.9% from $294.3M.

Total Assets have grown 28.1% a year on average since fiscal 2021, from $1.42B to $4.88B.

A balance sheet shows what a company owns and what it owes on a single date. The difference between the two belongs to shareholders.

Figures in USD thousands
Jan'26Dec'24Dec'23Dec'22Jan'22Jan'21
Assets
Current Assets:
Cash and cash equivalents

209,200

20,200

28,900

17,400

52,300

116,120

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

Cash and cash equivalents

209,200

20,200

28,900

17,400

52,300

116,120

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

Short-term investments

6,500

6,400

5,600

2,000

1,400

1,687

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

Short-term investments

6,500

6,400

5,600

2,000

1,400

1,687

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

Receivables

571,100

248,400

247,100

218,400

240,000

207,971

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

Receivables

571,100

248,400

247,100

218,400

240,000

207,971

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

Allowance for credit losses

1,100

2,000

3,500

3,200

2,800

5,514

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

Allowance for credit losses

1,100

2,000

3,500

3,200

2,800

5,514

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

Inventories, net

475,300

194,300

196,600

180,100

181,600

137,811

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

Inventories, net

475,300

194,300

196,600

180,100

181,600

137,811

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

Prepaid expenses and other current assets

150,900

54,900

61,300

54,400

51,100

37,660

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

Prepaid expenses and other current assets

150,900

54,900

61,300

54,400

51,100

37,660

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

Deferred income taxes

-

-

-

-

-

-

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

Deferred income taxes

-

-

-

-

-

-

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

Total Current Assets

1,411,900

522,200

535,900

469,200

523,500

495,735

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

Total Current Assets

1,411,900

522,200

535,900

469,200

523,500

495,735

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

Property, Plant, and Equipment:
Land and land improvements

99,100

58,500

58,900

30,800

30,900

29,691

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

Land and land improvements

99,100

58,500

58,900

30,800

30,900

29,691

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

Buildings

529,100

407,900

406,800

275,400

294,500

293,708

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

Buildings

529,100

407,900

406,800

275,400

294,500

293,708

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

Machinery and equipment

1,128,500

685,900

705,800

602,600

593,600

578,643

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

Machinery and equipment

1,128,500

685,900

705,800

602,600

593,600

578,643

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

Construction in progress

58,500

25,900

22,200

34,200

29,700

17,750

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

Construction in progress

58,500

25,900

22,200

34,200

29,700

17,750

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

Property plant and equipment

1,815,200

1,178,200

1,193,700

942,900

948,700

919,792

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

Property plant and equipment

1,815,200

1,178,200

1,193,700

942,900

948,700

919,792

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

Less accumulated depreciation

678,000

648,600

638,500

590,300

581,900

553,835

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

Less accumulated depreciation

678,000

648,600

638,500

590,300

581,900

553,835

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

Net Property, Plant, and Equipment

1,137,200

529,600

555,200

352,500

366,800

365,957

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

Net Property, Plant, and Equipment

1,137,200

529,600

555,200

352,500

366,800

365,957

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

Right-of-use - Finance Leases

11,300

14,300

12,200

11,400

10,200

6,095

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

Right-of-use - Finance Leases

11,300

14,300

12,200

11,400

10,200

6,095

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

Right-of-use - Operating Leases

274,500

121,800

115,200

88,400

82,900

70,219

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

Right-of-use - Operating Leases

274,500

121,800

115,200

88,400

82,900

70,219

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

Goodwill and Other Intangible Assets, net

1,702,600

624,300

651,900

439,800

471,500

458,896

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

Goodwill and Other Intangible Assets, net

1,702,600

624,300

651,900

439,800

471,500

458,896

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

Deferred Income Taxes

-

-

-

-

-

-

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

Deferred Income Taxes

-

-

-

-

-

-

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

Other Assets

347,600

63,000

58,400

53,200

43,100

21,130

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

Other Assets

347,600

63,000

58,400

53,200

43,100

21,130

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

Total Assets

4,885,000

1,875,100

1,928,800

1,414,500

1,497,900

1,418,032

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

Total Assets

4,885,000

1,875,100

1,928,800

1,414,500

1,497,900

1,418,032

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

Liabilities and Equity
Current Liabilities:
Accounts payable and accrued expenses

1,016,400

391,200

418,700

367,700

473,800

413,638

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

Accounts payable and accrued expenses

1,016,400

391,200

418,700

367,700

473,800

413,638

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

Current maturities of debt

16,200

50,300

7,500

1,300

3,200

841

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

Current maturities of debt

16,200

50,300

7,500

1,300

3,200

841

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

Current maturities of other long-term obligations

38,200

2,300

7,300

2,100

3,900

2,990

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

Current maturities of other long-term obligations

38,200

2,300

7,300

2,100

3,900

2,990

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

Current lease obligations - Finance

4,200

5,600

4,400

3,700

2,800

1,589

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

Current lease obligations - Finance

4,200

5,600

4,400

3,700

2,800

1,589

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

Current lease obligations - Operating

64,400

28,100

25,900

20,300

22,800

19,970

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

Current lease obligations - Operating

64,400

28,100

25,900

20,300

22,800

19,970

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

Total Current Liabilities

1,139,300

477,500

463,700

395,100

506,400

439,028

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

Total Current Liabilities

1,139,300

477,500

463,700

395,100

506,400

439,028

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

Long-Term Debt

1,276,900

294,300

428,300

188,800

174,600

174,524

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

Long-Term Debt

1,276,900

294,300

428,300

188,800

174,600

174,524

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

Long-Term Lease Obligations - Finance

7,300

8,900

7,900

7,700

7,400

4,516

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

Long-Term Lease Obligations - Finance

7,300

8,900

7,900

7,700

7,400

4,516

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

Long-Term Lease Obligations - Operating

224,600

109,600

104,000

78,900

63,800

53,249

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

Long-Term Lease Obligations - Operating

224,600

109,600

104,000

78,900

63,800

53,249

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

Capital Lease Obligations

-

-

-

-

-

-

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

Capital Lease Obligations

-

-

-

-

-

-

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

Other Long-Term Liabilities

220,400

72,900

78,000

66,300

80,700

81,264

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

Other Long-Term Liabilities

220,400

72,900

78,000

66,300

80,700

81,264

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

Deferred Income Taxes

180,900

71,600

85,100

61,000

75,000

74,706

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

Deferred Income Taxes

180,900

71,600

85,100

61,000

75,000

74,706

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

Total Liabilities

3,049,500

1,034,700

1,167,000

-

-

827,287

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

Total Liabilities

3,049,500

1,034,700

1,167,000

-

-

827,287

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

COMMITMENTS AND CONTINGENCIES

-

-

-

-

-

-

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

COMMITMENTS AND CONTINGENCIES

-

-

-

-

-

-

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

Equity:
Preferred stock - $1 par value, authorized 2.0 million shares, no shares outstanding

-

-

-

-

-

-

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

Preferred stock - $1 par value, authorized 2.0 million shares, no shares outstanding

-

-

-

-

-

-

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

Common stock - $1 par value, authorized 200.0 million shares, outstanding: January 3, 2026- 71.3 million shares; December 28, 2024 - 47.2 million shares

-

47,200

46,900

41,400

42,600

-

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

Common stock - $1 par value, authorized 200.0 million shares, outstanding: January 3, 2026- 71.3 million shares; December 28, 2024 - 47.2 million shares

-

47,200

46,900

41,400

42,600

-

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

Additional paid-in capital

-

201,500

201,600

49,100

39,200

-

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

Additional paid-in capital

-

201,500

201,600

49,100

39,200

-

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

Retained earnings

-

599,600

523,600

534,000

514,600

-

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

Retained earnings

-

599,600

523,600

534,000

514,600

-

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

Accumulated other comprehensive income (loss)

-

-8,300

-10,600

-8,000

-6,800

-

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

Accumulated other comprehensive income (loss)

-

-8,300

-10,600

-8,000

-6,800

-

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

HNI Corporation shareholders’ equity

1,835,600

840,100

761,400

616,500

589,600

590,419

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

HNI Corporation shareholders’ equity

1,835,600

840,100

761,400

616,500

589,600

590,419

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

Non-controlling interest

-

300

300

300

300

326

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

Non-controlling interest

-

300

300

300

300

326

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

Total Equity

1,835,600

840,400

761,800

616,800

590,000

590,745

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

Total Equity

1,835,600

840,400

761,800

616,800

590,000

590,745

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

Total Liabilities and Equity

4,885,000

1,875,100

1,928,800

1,414,500

1,497,900

1,418,032

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

Total Liabilities and Equity

4,885,000

1,875,100

1,928,800

1,414,500

1,497,900

1,418,032

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx