HNI CORP
For the period ended Dec 30, 2023. Filed Feb 27, 2024.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2023 · Filed Feb 27, 2024
HNI$49.28-0.9%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Balance Sheets - December 30, 2023 and December 31,
| HNI Corporation and SubsidiariesConsolidated Balance Sheets(In millions) | ||
|---|---|---|
| December 30, 2023 | December 31, 2022 | |
| Assets | ||
| Current Assets: | ||
| Cash and cash equivalents | $28.9 | $17.4 |
| Short-term investments | 5.6 | 2.0 |
| Receivables | 247.1 | 218.4 |
| Allowance for doubtful accounts | (3.5) | (3.2) |
| Inventories, net | 196.6 | 180.1 |
| Prepaid expenses and other current assets | 61.3 | 54.4 |
| Total Current Assets | 535.9 | 469.2 |
| Property, Plant, and Equipment: | ||
| Land and land improvements | 58.9 | 30.8 |
| Buildings | 406.8 | 275.4 |
| Machinery and equipment | 705.8 | 602.6 |
| Construction in progress | 22.2 | 34.2 |
| 1,193.7 | 942.9 | |
| Less accumulated depreciation | (638.5) | (590.3) |
| Net Property, Plant, and Equipment | 555.2 | 352.5 |
| Right-of-use - Finance Leases | 12.2 | 11.4 |
| Right-of-use - Operating Leases | 115.2 | 88.4 |
| Goodwill and Other Intangible Assets, net | 651.9 | 439.8 |
| Other Assets | 58.4 | 53.2 |
| Total Assets | $1,928.8 | $1,414.5 |
| HNI Corporation and SubsidiariesConsolidated Balance Sheets(In millions, except par value) | ||
|---|---|---|
| December 30, 2023 | December 31, 2022 | |
| Liabilities and Equity | ||
| Current Liabilities: | ||
| Accounts payable and accrued expenses | $418.7 | $367.7 |
| Current maturities of debt | 7.5 | 1.3 |
| Current maturities of other long-term obligations | 7.3 | 2.1 |
| Current lease obligations - Finance | 4.4 | 3.7 |
| Current lease obligations - Operating | 25.9 | 20.3 |
| Total Current Liabilities | 463.7 | 395.1 |
| Long-Term Debt | 428.3 | 188.8 |
| Long-Term Lease Obligations - Finance | 7.9 | 7.7 |
| Long-Term Lease Obligations - Operating | 104.0 | 78.9 |
| Other Long-Term Liabilities | 78.0 | 66.3 |
| Deferred Income Taxes | 85.1 | 61.0 |
| Equity: | ||
| HNI Corporation shareholders’ equity: | ||
| Capital Stock: | ||
| Preferred stock - $1 par value, authorized 2.0 million shares, no shares outstanding | — | — |
| Common stock - $1 par value, authorized 200.0 million shares, outstanding: | ||
| December 30, 2023 - 46.9 million shares; December 31, 2022 - 41.4 million shares | 46.9 | 41.4 |
| Additional paid-in capital | 201.6 | 49.1 |
| Retained earnings | 523.6 | 534.0 |
| Accumulated other comprehensive loss | (10.6) | (8.0) |
| Total HNI Corporation shareholders’ equity | 761.4 | 616.5 |
| Non-controlling interest | 0.3 | 0.3 |
| Total Equity | 761.8 | 616.8 |
| Total Liabilities and Equity | $1,928.8 | $1,414.5 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.