HNI CORP
For the period ended Dec 28, 2024. Filed Feb 25, 2025.
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FY2024 · Filed Feb 25, 2025
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 , 202 and December
| HNI Corporation and SubsidiariesConsolidated Balance Sheets(In millions) | ||
|---|---|---|
| December 28, 2024 | December 30, 2023 | |
| Assets | ||
| Current Assets: | ||
| Cash and cash equivalents | $22.5 | $28.9 |
| Short-term investments | 6.4 | 5.6 |
| Receivables | 248.4 | 247.1 |
| Allowance for doubtful accounts | (2.0) | (3.5) |
| Inventories, net | 194.3 | 196.6 |
| Prepaid expenses and other current assets | 54.9 | 61.3 |
| Total Current Assets | 524.5 | 535.9 |
| Property, Plant, and Equipment: | ||
| Land and land improvements | 58.5 | 58.9 |
| Buildings | 407.9 | 406.8 |
| Machinery and equipment | 685.9 | 705.8 |
| Construction in progress | 25.9 | 22.2 |
| 1,178.2 | 1,193.7 | |
| Less accumulated depreciation | (648.6) | (638.5) |
| Net Property, Plant, and Equipment | 529.6 | 555.2 |
| Right-of-use - Finance Leases | 14.3 | 12.2 |
| Right-of-use - Operating Leases | 121.8 | 115.2 |
| Goodwill and Other Intangible Assets, net | 624.3 | 651.9 |
| Other Assets | 60.7 | 58.4 |
| Total Assets | $1,875.1 | $1,928.8 |
| HNI Corporation and SubsidiariesConsolidated Balance Sheets(In millions, except par value) | ||
|---|---|---|
| December 28, 2024 | December 30, 2023 | |
| Liabilities and Equity | ||
| Current Liabilities: | ||
| Accounts payable and accrued expenses | $391.2 | $418.7 |
| Current maturities of debt | 50.3 | 7.5 |
| Current maturities of other long-term obligations | 2.3 | 7.3 |
| Current lease obligations - Finance | 5.6 | 4.4 |
| Current lease obligations - Operating | 28.1 | 25.9 |
| Total Current Liabilities | 477.5 | 463.7 |
| Long-Term Debt | 294.3 | 428.3 |
| Long-Term Lease Obligations - Finance | 8.9 | 7.9 |
| Long-Term Lease Obligations - Operating | 109.6 | 104.0 |
| Other Long-Term Liabilities | 72.9 | 78.0 |
| Deferred Income Taxes | 71.6 | 85.1 |
| Total Liabilities | 1,034.7 | 1,167.0 |
| 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 28, 2024 - 47.2 million shares; December 30, 2023 - 46.9 million shares | 47.2 | 46.9 |
| Additional paid-in capital | 201.5 | 201.6 |
| Retained earnings | 599.6 | 523.6 |
| Accumulated other comprehensive loss | (8.3) | (10.6) |
| Total HNI Corporation shareholders’ equity | 840.1 | 761.4 |
| Non-controlling interest | 0.3 | 0.3 |
| Total Equity | 840.4 | 761.8 |
| Total Liabilities and Equity | $1,875.1 | $1,928.8 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.