HERMAN MILLER, INC. MLHR Income Statement

Herman miller, inc. (MLHR)

Income statement / Quarterly

Feb'20	Nov'19	Aug'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'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	Feb'10	Nov'09	Aug'09
Net sales
665,700	674,200	670,900	671,000	619,000	652,600	624,600	617,900	578,400	604,600	580,300	577,200	524,900	577,500	598,600	582,600	536,500	580,400	565,400	550,700	516,400	565,400	509,700	487,500	455,900	470,500	468,100	459,900	423,500	441,800	449,700	420,600	399,800	445,600	458,100	441,500	414,800	412,200	380,700	321,500	329,600	343,700	324,000
Cost of sales
422,400	418,700	424,800	422,800	398,000	417,000	399,500	389,700	372,600	382,500	363,400	356,500	329,400	359,500	368,600	357,400	328,700	356,000	348,600	341,100	325,900	359,700	324,100	308,300	293,000	351,600	298,100	297,300	279,100	293,300	300,000	270,600	265,600	293,500	303,800	295,800	281,800	276,400	257,100	216,100	224,800	232,900	216,500
Gross margin
243,300	255,500	246,100	248,200	221,000	235,600	225,100	228,200	205,800	222,100	216,900	220,700	195,500	218,000	230,000	225,200	207,800	224,400	216,800	209,600	190,500	205,700	185,600	179,200	162,900	118,900	170,000	162,600	144,400	148,500	149,700	150,000	134,200	152,100	154,300	145,700	133,000	135,800	123,600	105,400	104,800	110,800	107,500
Operating expenses:
Selling, general and administrative
170,500	169,500	165,000	162,900	153,700	163,200	159,500	166,300	149,000	153,200	146,800	143,900	140,400	149,000	154,200	149,200	143,600	149,700	143,100	143,100	133,000	141,100	126,700	114,600	111,700	223,600	114,400	111,100	102,000	115,100	101,000	-	-	-	-	-	-	-	-	-	-	-	-
Restructuring expense
3,500	4,200	1,800	8,500	300	300	1,100	3,800	0	500	1,400	8,800	2,700	1,000	0	-	0	0	-	-	1,900	-	-	-	1,100	4,000	-	0	0	700	500	-	-	-	-	-	-	-	-	-	-	-	-
Design and research
18,900	19,400	19,200	20,200	19,200	19,000	18,500	17,800	18,100	18,000	19,200	17,900	17,400	18,400	19,400	19,400	19,900	19,200	18,600	18,600	18,200	17,900	16,700	16,900	16,000	16,500	16,500	15,800	15,000	15,200	13,900	-	-	-	-	-	-	-	-	-	-	-	-
Total operating expenses
192,900	193,100	186,000	191,600	173,200	182,500	179,100	187,900	167,100	171,700	167,400	170,600	160,500	168,400	173,600	168,600	163,500	168,900	161,700	172,500	153,100	159,000	143,400	152,900	128,800	244,100	130,900	126,900	117,000	131,000	115,400	120,200	108,900	111,400	112,500	117,200	101,900	102,200	93,500	108,500	85,700	89,900	90,800
Restructuring and Other Related Expenses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	2,100	900	-	2,300	2,200	2,600
Operating earnings
50,400	62,400	60,100	56,600	47,800	53,100	46,000	40,300	38,700	50,400	49,500	50,100	35,000	49,600	56,400	56,600	44,300	55,500	55,100	37,100	37,400	46,700	42,200	26,300	34,100	-125,200	39,100	35,700	27,400	17,500	34,300	29,800	25,300	40,700	41,800	31,500	31,100	31,500	29,200	4,000	16,800	18,700	14,100
Gain on consolidation of equity method investments
0	30,500	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other expenses (income):
Interest expense
2,900	3,000	3,000	3,100	3,000	3,100	2,900	2,900	3,200	3,700	3,700	3,700	3,800	3,900	3,800	3,800	3,800	3,900	3,900	3,800	4,400	4,600	4,700	4,300	4,500	4,300	4,500	4,300	4,200	4,400	4,300	4,200	4,100	4,700	4,500	4,700	5,100	5,100	5,000	5,700	4,900	5,200	5,900
Interest and other investment income
600	-	-	-	500	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other expense (income), net
-500	400	900	1,000	300	-700	1,000	-3,400	700	300	700	-1,500	800	-400	600	400	-600	400	-500	-200	-1,000	-100	0	-300	-300	200	-100	-800	100	-200	0	-900	200	-400	-500	-1,500	200	-100	-1,000	-3,200	400	1,000	100
Earnings before income taxes
47,600	90,300	58,000	56,100	45,600	49,300	44,100	38,400	36,200	47,000	46,500	47,100	32,000	45,300	53,200	54,000	39,900	52,000	50,700	33,700	32,000	42,000	37,500	22,100	29,300	-129,300	34,500	31,000	23,300	12,900	30,000	25,700	21,400	35,600	36,800	26,800	26,200	26,300	23,200	-300	12,300	14,500	8,300
Income tax expense
10,600	12,900	12,200	12,200	7,300	11,200	8,900	7,000	6,900	14,300	14,200	14,100	9,500	14,500	17,000	13,400	11,900	17,200	17,000	9,800	10,800	14,200	12,400	5,600	9,800	-48,600	12,000	7,600	6,800	4,500	10,000	13,700	6,500	11,900	12,200	9,800	6,400	8,400	7,100	-2,300	4,000	4,900	-100
Equity income from nonconsolidated affiliates, net of tax
300	1,200	2,200	2,100	1,000	1,200	700	700	700	800	800	500	0	800	300	0	200	100	100	0	0	0	100	100	-100	100	0	-100	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest
37,300	78,600	48,000	46,000	39,300	39,300	35,900	32,100	30,000	33,500	33,100	33,500	22,500	31,600	36,500	40,600	28,200	34,900	33,800	23,900	21,200	27,800	25,200	16,600	19,400	-80,600	22,500	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net (loss) earnings attributable to redeemable noncontrolling interests
-400	0	-200	-200	100	0	100	400	200	0	0	100	0	-100	200	0	300	200	300	400	200	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Income (Loss) Attributable to Parent
37,700	78,600	48,200	46,200	39,200	39,300	35,800	31,700	29,800	33,500	33,100	33,400	22,500	31,700	36,300	40,600	27,900	34,700	33,500	23,500	21,000	27,800	25,200	16,600	19,400	-80,600	22,500	23,300	16,500	8,400	20,000	12,000	14,900	23,700	24,600	17,000	19,800	17,900	16,100	2,000	8,300	9,600	8,400
Earnings per share — basic
0.64	1.33	0.82	0.79	0.67	0.66	0.60	0.54	0.50	0.56	0.55	0.55	0.38	0.53	0.61	0.68	0.46	0.58	0.56	0.39	0.35	0.47	0.43	0.29	0.33	-1.37	0.38	0.41	0.28	0.14	0.34	0.20	0.26	0.41	0.42	0.30	0.35	0.31	0.28	0.04	0.15	0.17	0.15
Earnings per share — diluted
0.64	1.32	0.81	0.78	0.66	0.66	0.60	0.53	0.49	0.55	0.55	0.55	0.37	0.53	0.60	0.67	0.46	0.57	0.56	0.39	0.35	0.46	0.42	0.29	0.33	-1.37	0.38	0.40	0.28	0.14	0.34	0.20	0.26	0.41	0.42	0.29	0.29	0.26	0.22	0.00	0.12	0.17	0.14
Dividends declared, per share
-	-	-	-	-	-	-	-	-	-	0.18	-	0.17	0.17	0.17	-	0.14	0.14	0.14	-	0.14	0.14	0.14	-	0.14	0.12	0.12	-	0.12	0.09	0.09	-	0.02	0.02	0.02	-	0.02	0.02	0.02	-	0.02	0.02	0.02
Other comprehensive income (loss), net of tax
Foreign currency translation adjustments
-1,900	13,700	-9,300	-9,800	8,000	-4,500	-7,900	-3,500	1,700	100	4,400	3,600	-400	-5,700	-4,700	1,700	-6,000	-1,000	-3,500	-200	-3,600	-5,400	-500	700	100	2,800	-700	-200	-3,400	-200	2,800	-	-	-	-	-	-	-	-	-	-	-	-
Other Comprehensive (Income) Loss, Defined Benefit Plan, after Tax and Reclassification Adjustment, Attributable to Parent
-700	-700	-700	9,500	-600	-400	-700	-7,900	-900	-800	-800	14,800	-500	-300	-1,300	1,500	-600	-500	-900	9,800	-300	-500	-400	4,400	-300	-86,200	-1,400	-7,100	2,400	-11,000	-1,600	-	-	-	-	-	-	-	-	-	-	-	-
Unrealized losses on interest rate swap agreement
-6,600	3,400	-8,800	-	-4,400	1,000	-500	-	5,900	2,600	-1,600	-	1,100	4,200	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Unrealized holding gain on available for sale securities
0	0	0	0	100	0	-100	0	0	0	0	-	200	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-
Other Comprehensive Income (Loss), Net of Tax
-7,800	17,800	-17,400	-27,700	4,300	-3,100	-7,800	5,300	8,500	3,500	3,600	-14,500	1,400	-1,200	-3,400	200	-5,400	-500	-2,600	-10,000	-3,300	-4,900	-100	-3,700	400	89,000	700	6,900	-5,800	10,800	4,400	-	-	-	-	-	-	-	-	-	-	-	-
Comprehensive income
29,500	96,400	30,600	18,300	43,600	36,200	28,100	37,400	38,500	37,000	36,700	19,000	23,900	30,400	33,100	40,800	22,800	34,400	31,200	13,900	17,900	22,900	25,100	12,900	19,800	8,400	23,200	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Comprehensive (loss) income attributable to redeemable noncontrolling interests
-400	0	-200	-200	100	0	100	400	200	0	0	100	0	-100	200	0	300	200	300	400	200	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Comprehensive income attributable to Herman Miller, Inc.
29,900	96,400	30,800	18,500	43,500	36,200	28,000	37,000	38,300	37,000	36,700	18,900	23,900	30,500	32,900	40,800	22,500	34,200	30,900	13,500	17,700	22,900	25,100	12,900	19,800	8,400	23,200	30,200	10,700	19,200	24,400	-21,300	17,200	19,700	23,200	-	-	-	-	-	-	-	-