HERMAN MILLER INC company info

CIK 66382
IRS Number 380837640
State of incorporation MI
Business address 855 E MAIN AVE
PO BOX 302
ZEELAND
MI
49464-0302
Mail address 8500 BYRON RD
None
ZEELAND
MI
49464

Short summary

HERMAN MILLER INC is a Michigan company, with head office located at 855 E Main Ave Zeeland, Michigan 49464-0302. The company achieved a record breaking net income last year - 160.50 million USD. This is 25.29% higher than one reported in 2017. In 2018 the company owned a total of 1.57 billion USD worth of assets, including 661.30 million USD worth of current assets. An analysis of the recent trend shows a steady growth of company assets, with a 6.07% growth from the last year and a 103.65% increase in the 9 year period.

HERMAN MILLER INC Income Statement

Name [in Millions USD]200720082009201020112012201320142015201620172018Trends
Revenue, Net 1,6301,318.801,649.201,724.101,774.901,8822,142.202,264.902,278.20
Cost of Goods and Services Sold 1,102.30890.301,111.101,133.501,169.701,2511,350.801,390.701,4141,508.201,637.30
Gross Profit 527.70428.50538.10590.60605.20631791.40874.20864.20873929.90
Selling, General and Administrative Expense 330.80317.70366394.90429.20564.30543.90585.60587.50616.70639.30
Research and development 33.2035.404148.3053.9056.7062.4058.6057.1058.80
Operating Expenses 404.90374.90414.80453490.30656.70628662.70673.40695.50726.40
Operating Income (Loss) 122.8053.60123.30137.60114.90-25.70163.40211.50190.80177.50203.50
Interest expense 25.6021.7019.9017.5017.2017.6017.5015.4015.2013.5012.10
Other Nonoperating Income (Expense) -0.90-1.70-2.40-1.60-0.90-0.50-1.30-0.30-0.20-0.301.60
Income Tax Expense (Benefit) 316.5031.7044.3028.90-21.2047.2059.5055.1042.4039.60
Net income 6828.3070.8075.2068.20-22.1097.50136.70123.90128.10160.50

HERMAN MILLER INC Balance Sheet

Name [in Millions USD]200720082009201020112012201320142015201620172018Trends
Cash and cash equivalents 155.40192.90130.50142.20172.2082.70101.5063.7084.9096.20203.90159.20
Accounts Receivable, Net, Current 144.70193.10159.70178.40204.30189.60211186.60219.30218
Inventories 57.9066.2059.3076.2078.40129.60128.20152.40155.30184.20
Deferred income taxes 21.2020.4022.1023.90320
Property, Plant and Equipment, Gross 724.10713.40711.50765.30789.20868.60929968.701,020.801,084.70
Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment 548.90544.30555.50581.20594619.10648.90654.10689.40736.10
Goodwill 109.40110.40144.70227228.20303.10305.30304.50304.10303.80
Other Assets, Noncurrent 43.109.301125.8030.6034.6033.3060.60
Total assets 770.60808839.10946.50990.901,192.701,235.201,306.301,479.501,569.30
Current assets 395.90471.70455.30399.30451.80463.50480.50491.90645.40661.30
Accounts payable 96.30112.70115.80130.10136.90164.70165.60148.40171.40177.70
Taxes Payable, Current 6.505.20
Total current liabilities 314.20272.20253.70290356.10363.40390385.70413.80446.10
Long-term Debt, Excluding Current Maturities 200250250250200289.80221.90199.90275281.90
Long-term Debt 250250289.80221.90199.90275281.90
Total liabilities 690.50609.40590.80627618.80742683.50694784.20829.50
Common Stock, Value, Issued 11.4011.6011.7011.7011.9011.901211.9011.7011.70
Retained Earnings (Accumulated Deficit) 152.40218.20288.20331.10277.40330.20435.30519.50600.20712.70
Accumulated Other Comprehensive Income (Loss), Net of Tax -136.20-104.20-140.60-124.30-37.90-56.20-64.50-82.20-61.30-94.20

HERMAN MILLER INC Cash Flow

Name [in Millions USD]200720082009201020112012201320142015201620172018Trends
Net income 6828.3070.8075.2068.20-22.1097.50136.70123.90128.10160.50
Depreciation 39.7036.2034.4034.4037.8044.204752.9060.9065.90
Depreciation and amortization 42.6039.1037.2037.5042.4049.805358.9066.9072.10
Deferred Income Tax Expense (Benefit) -2.7023.8014.50-16.60-52.80-8.8010.4013-2.801.30
Accounts receivable -948.50-17.507.7026.70-7.8030.50-17.3033.1024.80
Inventories 7.108.30-0.204.602.209629.9012.4031.90
Accounts payable 13.5014.304.8062.601.108.70-11.20160.50
Net Cash Provided by (Used in) Operating Activities 91.7098.708990.10136.5090.10167.70210.40202.10166.50216.40
Payments to Acquire Property, Plant, and Equipment 25.3022.3030.5028.5050.2040.8063.6085.1087.3070.6085.80
Payments to Acquire Businesses, Net of Cash Acquired 29.5046.10047.10157.506.701543.6000
Payments to Acquire Intangible Assets 004.80
Net Cash Provided by (Used in) Investing Activities -29.50-77.60-31.40-58.40-209.70-48.20-213.60-80.80-116.30-62.70-165
Proceeds from Issuance of Long-term Debt 0050000796.70800.80
Stock Issued During Period, Value, Share-based Compensation, Net of Forfeitures 0000.100.300.300.30
Stock Issued During Period, Value, Share-based Compensation, Net of Forfeitures 0000.100.300.300.30
Proceeds from Issuance of Common Stock 3.402.508.606.407.2020.807.809.2011.701712.30
Payments for Repurchase of Common Stock 0.300.8012.703.6012.703.7014.1023.7046.5047.90
Net Cash Provided by (Used in) Financing Activities -16.50-78.90-50.20-1.60-16-22.406.80-106.50-74.602.50-91.90
Cash and Cash Equivalents, Period Increase (Decrease) 37.50-58.5011.7030-89.5018.80-37.8021.2011.30107.70-44.70