HERMAN MILLER, INC. MLHR Balance Sheet

Herman miller, inc. (MLHR)

Balance Sheet / Quarterly

Feb'20	Nov'19	Aug'19	Jun'19	Mar'19	Dec'18	Aug'18	Jun'18	Feb'18	Nov'17	Aug'17	Jun'17	Feb'17	Nov'16	Aug'16	May'16	Feb'16	Nov'15	Aug'15	May'15	Feb'15	Nov'14	Aug'14	May'14	Feb'14	Nov'13	Aug'13	May'13	Feb'13	Nov'12	Aug'12	May'12	Feb'12	Nov'11	Aug'11	May'11	Feb'11	Nov'10	Aug'10	May'10
ASSETS
Current Assets:
Cash and Cash Equivalents, at Carrying Value
110,600	177,000	159,500	159,200	113,500	113,600	101,700	203,900	193,000	114,600	80,000	96,200	78,400	71,900	65,100	84,900	55,300	54,700	52,000	63,700	61,800	64,700	66,700	101,500	77,100	73,300	110,100	82,700	198,100	185,700	184,300	172,200	217,800	181,000	182,300	142,200	164,700	153,800	138,800	134,800
Marketable securities
8,900	9,000	9,000	8,800	8,900	8,200	8,500	8,600	8,400	8,500	8,700	8,600	8,000	7,800	7,700	7,500	7,300	5,400	5,700	5,700	6,400	6,600	10,900	11,100	11,100	11,600	11,000	10,800	10,200	9,500	9,200	9,600	10,700	9,700	10,200	11,000	11,700	11,500	11,000	12,100
Accounts receivable, net of allowances of $3.2 and $3.8
221,700	208,900	218,300	218,000	221,000	223,000	205,400	217,400	191,600	189,800	191,200	186,600	174,800	195,200	183,600	211,000	183,900	218,100	202,200	189,600	184,800	198,600	190,900	204,300	184,400	178,300	172,400	178,400	154,600	169,800	167,700	159,700	154,900	189,100	161,800	193,100	186,900	191,500	163,000	144,700
Unbilled accounts receivable
37,900	35,700	33,800	34,300	25,500	32,400	25,400	1,900	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Finished goods
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	40,900	46,500	40,400	-
Work in process
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	14,900	13,400	10,200	-
Raw materials
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	18,400	17,500	16,700	-
Inventory, Net
200,500	184,400	181,200	184,200	191,900	178,500	163,800	162,400	169,400	172,200	166,900	152,400	155,700	150,300	146,200	128,200	135,300	131,700	136,900	129,600	128,500	126,300	133,800	78,400	83,600	81,300	77,400	76,200	66,400	69,300	62,500	59,300	56,300	68,100	70,000	66,200	74,200	77,400	67,300	57,900
Prepaid expenses
43,700	37,700	51,800	45,800	58,200	45,300	51,200	-	46,300	41,100	51,900	-	49,100	45,100	48,300	-	53,600	45,200	74,700	-	78,000	65,100	62,900	-	57,400	59,100	55,600	-	48,900	53,000	46,900	-	50,700	44,900	43,700	-	43,600	43,300	47,500	-
Other current assets
13,000	14,100	-	11,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred income taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	32,000	-	-	-	23,900	-	-	-	22,100	-	-	-	20,400	-	-	-	21,200	-	-	-	-
Prepaid taxes
-	-	-	-	-	-	-	9,900	-	-	-	17,700	-	-	-	20,400	-	-	-	10,000	-	-	-	12,700	-	-	-	8,100	-	-	-	17,600	-	-	-	25,400	-	-	-	-
Other
-	-	-	-	-	-	-	41,300	-	-	-	30,400	-	-	-	28,500	-	-	-	32,900	-	-	-	19,900	-	-	-	21,000	-	-	-	16,500	-	-	-	12,600	-	-	-	46,400
Total current assets
636,300	666,800	653,600	661,300	619,000	601,000	556,000	645,400	608,700	526,200	498,700	491,900	466,000	470,300	450,900	480,500	435,400	455,100	471,500	463,500	459,500	461,300	465,200	451,800	413,600	403,600	426,500	399,300	478,200	487,300	470,600	455,300	490,400	492,800	468,000	471,700	481,100	477,500	427,600	395,900
Property, Plant and Equipment [Abstract]
Land and improvements
-	-	-	-	-	-	-	24,400	-	-	-	24,000	-	-	-	24,100	-	-	-	21,400	-	-	-	21,500	-	-	-	26,700	-	-	-	19,200	-	-	-	19,900	-	-	-	19,400
Buildings and improvements
-	-	-	-	-	-	-	238,600	-	-	-	229,000	-	-	-	205,700	-	-	-	188,900	-	-	-	161,100	-	-	-	160,000	-	-	-	146,000	-	-	-	149,500	-	-	-	147,600
Machinery and equipment
-	-	-	-	-	-	-	700,000	-	-	-	662,400	-	-	-	645,300	-	-	-	610,100	-	-	-	576,700	-	-	-	558,300	-	-	-	533,700	-	-	-	531,000	-	-	-	546,400
Construction in progress
-	-	-	-	-	-	-	57,800	-	-	-	53,300	-	-	-	53,900	-	-	-	48,200	-	-	-	29,900	-	-	-	20,300	-	-	-	12,600	-	-	-	13,000	-	-	-	10,700
Property and equipment, at cost
1,121,300	1,106,300	1,087,100	1,084,700	1,068,100	1,047,300	1,031,000	1,020,800	1,020,600	1,006,000	994,700	968,700	970,500	954,600	944,900	929,000	908,200	893,400	883,900	868,600	849,600	846,500	831,600	789,200	775,600	770,100	754,500	765,300	727,700	726,000	729,300	711,500	715,600	712,100	713,700	713,400	717,500	712,000	730,600	724,100
Less — accumulated depreciation
779,700	766,500	749,600	736,100	729,300	714,300	701,200	689,400	690,600	675,200	666,600	654,100	667,700	659,800	656,700	648,900	642,800	637,300	631,000	619,100	614,700	612,400	603,800	594,000	582,100	581,000	571,700	581,200	559,900	558,900	566,200	555,500	556,300	550,600	547,100	544,300	548,100	543,500	558,200	548,900
Net property and equipment
341,600	339,800	337,500	348,600	338,800	333,000	329,800	331,400	330,000	330,800	328,100	314,600	302,800	294,800	288,200	280,100	265,400	256,100	252,900	249,500	234,900	234,100	227,800	195,200	193,500	189,100	182,800	184,100	167,800	167,100	163,100	156,000	159,300	161,500	166,600	169,100	169,400	168,500	172,400	175,200
Operating Lease, Right-of-Use Asset
222,900	232,500	233,300	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Goodwill
466,100	363,900	303,600	303,800	304,000	303,900	303,900	304,100	304,400	304,300	304,100	304,500	304,400	304,600	304,900	305,300	305,600	306,100	303,000	303,100	303,700	303,900	302,500	228,200	228,400	228,100	226,700	227,000	146,300	146,800	145,000	146,400	132,800	132,700	133,100	110,400	133,600	133,400	133,200	132,600
Indefinite-lived Intangible Assets (Excluding Goodwill)
142,300	82,500	78,100	78,100	78,100	78,100	78,100	78,100	78,100	78,100	78,100	78,100	85,200	85,200	85,200	85,200	85,200	85,200	85,200	85,200	96,000	96,000	96,000	40,900	62,300	62,300	62,300	62,300	39,300	39,300	39,300	39,300	-	-	-	23,200	-	-	-	-
Other amortizable intangibles, net of accumulated amortization of $55.1 and $46.2
125,100	69,900	39,700	41,100	42,600	43,900	45,100	41,300	41,400	42,700	44,000	45,400	46,300	47,800	49,300	50,800	52,100	52,700	50,900	52,300	54,300	55,700	57,600	44,200	45,300	46,000	47,100	48,000	29,400	30,200	30,600	31,100	23,000	23,500	24,200	24,300	24,400	24,700	25,000	25,000
Other noncurrent assets
51,500	122,600	139,000	136,400	146,700	149,800	150,800	79,200	79,100	69,000	65,400	71,800	73,600	70,200	60,600	33,300	44,900	48,800	33,500	39,100	44,400	42,900	47,600	30,600	27,900	27,700	27,600	25,800	15,200	11,500	11,600	11,000	10,200	9,600	9,200	9,300	43,300	43,200	43,300	41,900
Total other assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	230,200	227,800	226,500	-	166,000	165,800	166,500	-	201,300	201,300	201,500	-
Assets
1,985,800	1,878,000	1,784,800	1,569,300	1,529,200	1,509,700	1,463,700	1,479,500	1,441,700	1,351,100	1,318,400	1,306,300	1,278,300	1,272,900	1,239,100	1,235,200	1,188,600	1,204,000	1,197,000	1,192,700	1,192,800	1,193,900	1,196,700	990,900	971,000	956,800	973,000	946,500	876,200	882,200	860,200	839,100	815,700	820,100	801,100	808,000	851,800	847,300	801,500	770,600
LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS & STOCKHOLDERS' EQUITY
Current Liabilities:
Unfunded checks
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5,300	5,900	6,400	4,300
Current maturities of long-term debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	50,000	50,000	50,000	50,000	-	-	0	-	-	-	-	-	-	-	-	100,100	100,000	100,000	101,200
Accounts payable
180,600	166,700	178,500	177,700	175,700	184,600	170,200	171,400	160,900	166,700	166,200	148,400	147,900	161,900	159,000	165,600	143,500	155,200	151,600	164,700	141,800	160,700	153,300	136,900	127,600	133,800	130,200	130,100	103,800	114,500	111,700	115,800	93,200	110,000	107,300	112,700	106,500	123,100	104,400	96,300
Accrued compensation and benefits
74,500	82,400	70,000	85,500	73,900	82,000	68,800	86,300	70,700	75,200	60,700	79,700	65,600	74,300	60,000	85,200	88,100	73,300	70,700	66,600	67,400	62,400	63,200	65,000	64,500	58,400	59,200	65,900	60,400	53,600	51,700	-	56,600	53,000	52,700	-	61,700	58,400	42,300	-
Accrued warranty
57,400	54,600	53,300	53,100	52,500	52,400	52,100	51,500	52,900	53,300	52,600	47,700	46,500	44,600	43,900	43,900	41,600	40,600	27,000	39,300	26,100	26,000	25,700	25,200	25,400	24,800	24,600	24,800	24,000	23,400	23,600	-	-	-	-	-	-	-	-	-
Customer deposits
36,900	33,700	32,400	30,700	36,400	27,000	27,300	27,600	-	-	-	33,200	-	-	-	35,400	-	-	-	32,000	-	-	-	17,300	-	-	-	-	-	-	-	-	-	-	-	-	19,400	12,000	12,600	-
Notes payable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,400	-	-	-	-	-	-	-	-	-	-
Accrued income tax and other taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5,200	11,400	9,900	-
Other accrued liabilities
156,700	144,000	150,700	99,100	80,400	79,300	73,000	77,000	98,800	101,300	104,500	76,700	98,300	102,100	93,300	59,900	86,400	101,300	107,000	60,800	90,200	93,200	99,600	61,700	80,600	78,900	82,800	69,200	61,800	65,900	70,400	137,900	72,500	72,900	74,100	153,100	54,900	63,200	65,200	112,400
Total current liabilities
506,100	481,400	484,900	446,100	418,900	425,300	391,400	413,800	383,300	396,500	384,000	385,700	358,300	382,900	356,200	390,000	359,600	370,400	356,300	363,400	325,500	392,300	391,800	356,100	348,100	295,900	296,800	290,000	250,000	259,800	257,400	253,700	222,300	235,900	234,100	265,800	353,100	374,000	340,800	314,200
Long-term debt
275,000	275,000	275,000	281,900	281,900	281,900	281,900	275,000	275,000	200,000	203,900	199,900	234,500	219,600	233,900	221,900	240,200	256,800	268,000	289,800	326,000	277,000	300,000	200,000	200,000	250,000	250,000	250,000	250,000	250,000	250,000	250,000	250,000	250,000	250,000	250,000	200,000	200,600	201,000	200,000
Pension and post-retirement benefits
23,100	24,000	23,500	24,500	13,600	13,800	14,600	15,600	25,400	26,000	26,300	38,500	20,600	22,000	23,200	25,800	23,800	25,800	27,100	27,800	16,000	16,500	17,300	18,200	14,400	15,300	39,700	39,600	45,200	37,600	35,900	37,900	43,400	50,600	52,700	51,600	120,600	120,900	127,500	-
Operating Lease, Liability, Noncurrent
188,500	198,100	200,200	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred Compensation Liability, Classified, Noncurrent
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	11,000	-	-	-	-
Other liabilities
84,600	54,900	56,000	77,000	79,200	82,500	81,900	79,800	76,400	73,900	72,100	69,900	58,600	54,400	51,000	45,800	44,600	43,800	62,400	61,000	73,300	69,800	70,000	44,500	45,900	48,200	45,500	47,400	38,700	49,200	47,700	49,200	30,900	32,900	33,900	24,600	35,800	33,800	34,000	176,300
Total long-term liabilities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	333,900	336,800	333,600	-	324,300	333,500	336,600	-	356,400	355,300	362,500	-
Total Liabilities
1,077,300	1,033,400	1,039,600	829,500	793,600	803,500	769,800	784,200	760,100	696,400	686,300	694,000	672,000	678,900	664,300	683,500	668,200	696,800	713,800	742,000	740,800	755,600	779,100	618,800	608,400	609,400	632,000	627,000	583,900	596,600	591,000	590,800	546,600	569,400	570,700	603,000	709,500	729,300	703,300	690,500
Redeemable noncontrolling interests
71,700	0	0	-	20,700	20,700	20,700	30,500	24,300	23,900	23,400	24,600	25,000	25,400	25,700	27,000	27,600	31,200	31,500	30,400	27,700	27,000	25,800	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Stockholders' Equity:
Preferred stock, no par value (10,000,000 shares authorized, none issued)
0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Common stock, $0.20 par value (240,000,000 shares authorized, 58,785,228 and 58,794,148 shares issued and outstanding in 2020 and 2019, respectively)
11,800	11,800	11,800	11,700	11,800	11,800	11,900	11,700	11,800	11,900	12,000	11,900	12,000	12,000	12,000	12,000	12,000	12,000	12,000	11,900	11,900	11,900	11,900	11,900	11,800	11,800	11,800	11,700	11,700	11,700	11,700	11,700	11,700	11,700	11,600	11,600	11,400	11,400	11,400	11,400
Additional paid-in capital
86,900	100,400	97,400	89,800	92,000	94,300	106,500	116,600	129,400	130,400	133,900	139,300	141,900	143,300	144,400	142,700	142,800	143,600	137,300	135,100	133,500	130,400	125,400	122,400	117,500	114,000	108,500	102,900	98,600	95,200	92,700	90,900	89,000	87,100	85,400	82,000	60,900	58,000	56,400	55,900
Retained Earnings (Accumulated Deficit)
839,900	826,700	748,200	712,700	678,300	650,600	624,500	598,300	583,000	564,400	542,200	519,500	495,800	483,200	461,400	435,300	403,000	380,200	361,800	330,200	326,300	313,600	294,200	277,400	269,200	258,100	346,200	331,100	315,100	306,000	302,900	288,200	277,600	263,900	241,600	218,200	202,400	183,900	167,300	152,400
Accumulated other comprehensive loss
-101,500	-93,700	-111,600	-94,200	-66,500	-70,800	-69,200	-61,300	-66,400	-75,100	-78,600	-82,200	-67,700	-69,100	-67,900	-64,500	-64,700	-59,300	-58,800	-56,200	-46,200	-42,900	-38,000	-37,900	-34,200	-34,600	-123,600	-124,300	-131,200	-125,400	-136,200	-140,600	-107,300	-109,600	-105,600	-104,200	-129,800	-131,900	-133,500	-136,200
Deferred compensation plan
300	600	600	800	800	700	700	700	700	1,000	1,000	1,000	1,000	1,100	1,100	1,100	1,100	1,200	1,200	1,200	1,200	1,700	1,700	1,700	1,700	1,900	1,900	1,900	1,900	1,900	1,900	1,900	1,900	2,400	2,600	2,600	2,600	3,400	3,400	3,400
Herman Miller, Inc. Stockholders' Equity
-	-	-	-	714,800	685,200	673,000	664,600	657,100	630,600	608,500	587,500	581,000	568,300	548,800	524,400	492,000	475,300	451,100	419,800	424,300	411,300	391,800	372,100	362,600	347,400	341,000	319,500	292,300	285,600	269,200	248,300	269,100	250,700	230,400	205,000	142,300	118,000	98,200	80,100
Noncontrolling interests
-	-	-	-	100	300	200	200	200	200	200	200	300	300	300	300	800	700	600	500	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest
836,800	844,600	745,200	719,200	714,900	685,500	673,200	664,800	657,300	630,800	608,700	587,700	581,300	568,600	549,100	524,700	492,800	476,000	451,700	420,300	-	-	-	372,100	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total Liabilities, Redeemable Noncontrolling Interests, and Stockholders' Equity
1,985,800	1,878,000	1,784,800	1,569,300	1,529,200	1,509,700	1,463,700	1,479,500	1,441,700	1,351,100	1,318,400	1,306,300	1,278,300	1,272,900	1,239,100	1,235,200	1,188,600	1,204,000	1,197,000	1,192,700	1,192,800	1,193,900	1,196,700	990,900	971,000	956,800	973,000	946,500	876,200	882,200	860,200	839,100	815,700	820,100	801,100	808,000	851,800	847,300	801,500	770,600