LL Flooring Holdings, Inc. (LL) · 10+ Years of Financial statements

Income Statement	2009 Y	2010 Y	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y
Sales/Revenue/Turnover	545	620	682	813	1,000	1,047	979	961	1,029	1,085	1,093	1,098	1,152	1,111	905
+ Sales & Services Revenue	545	620	682	813	1,000	1,047	979	961	1,029	1,085	1,093	1,098	1,152	1,111	905
- Cost of Revenue	350	404	441	505	589	629	700	657	660	692	689	670	712	710	582
+ Cost of Goods & Services	350	404	441	505	589	629	700	657	660	692	689	670	712	710	582
Gross Profit	195	216	241	309	411	418	279	304	369	393	404	428	440	401	323
+ Other Operating Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Operating Expenses	151	174	198	230	285	314	362	398	406	444	387	371	387	413	403
+ Selling, General & Admin	151	174	198	230	285	314	362	398	406	444	387	371	387	413	403
+ Research & Development	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Operating Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Operating Income (Loss)	44	42	42	78	126	104	-83	-94	-37	-51	17	56	53	-12	-81
- Non-Operating (Income) Loss	- -	-1	-1	- -	- -	- -	- -	1	2	3	4	3	- -	2	9
+ Interest Expense, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Interest Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Non-Op (Income) Loss	- -	-1	-1	- -	- -	- -	- -	1	2	3	4	3	- -	2	9
Pretax Income	44	43	43	78	126	104	-83	-94	-39	-53	13	54	53	-14	-90
- Income Tax Expense (Benefit)	17	16	17	31	49	40	-27	-26	-1	1	3	-8	11	-1	13
- (Income) Loss from Affiliates	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Income (Loss) from Cont Ops	27	26	26	47	77	63	-56	-69	-38	-54	10	61	42	-12	-103
- Net Extraordinary Losses (Gains)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Discontinued Operations	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Extraord. & Accounting Changes	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Income (Loss) Incl. MI	27	26	26	47	77	63	-56	-69	-38	-54	10	61	42	-12	-103
- Minority Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Income, GAAP	27	26	26	47	77	63	-56	-69	-38	-54	10	61	42	-12	-103
- Preferred Dividends	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Other Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Income Avail to Common, GAAP	27	26	26	47	77	63	-56	-69	-38	-54	10	61	42	-12	-103
Basic Weighted Avg Shares	27	27	28	27	27	27	27	27	28	29	29	29	29	29	29
Basic EPS, GAAP	1	0.96	0.95	1.71	2.82	2.32	-2.08	-2.51	-1.33	-1.9	0.34	2.13	1.44	-0.42	-3.59
Basic EPS from Cont Ops	1	0.96	0.95	1.71	2.82	2.32	-2.08	-2.51	-1.33	-1.9	0.34	2.13	1.44	-0.42	-3.59
Diluted Weighted Avg Shares	28	28	28	28	28	27	27	27	28	29	29	29	30	29	29
Diluted EPS, GAAP	0.97	0.93	0.93	1.68	2.77	2.31	-2.08	-2.51	-1.33	-1.9	0.34	2.1	1.41	-0.42	-3.59
Diluted EPS from Cont Ops	0.97	0.93	0.93	1.68	2.77	2.31	-2.08	-2.51	-1.33	-1.9	0.34	2.1	1.41	-0.42	-3.59
EBITDA	48	48	51	88	138	119	-66	-76	-19	-32	34	74	72	7	-62
EBITDA Margin (%)	8.87	7.73	7.45	10.86	13.77	11.34	-6.72	-7.93	-1.87	-2.96	3.13	6.73	6.21	0.6	-6.87
EBITA	44	42	42	78	126	104	-83	-94	-37	-51	17	56	53	-12	-81
EBIT	44	42	42	78	126	104	-83	-94	-37	-51	17	56	53	-12	-81
Gross Margin (%)	35.75	34.8	35.31	37.97	41.09	39.92	28.49	31.63	35.87	36.23	36.95	38.96	38.19	36.12	35.67
Operating Margin (%)	8.01	6.8	6.23	9.63	12.6	9.94	-8.5	-9.75	-3.59	-4.66	1.53	5.13	4.57	-1.06	-8.93
Profit Margin (%)	4.94	4.23	3.85	5.79	7.74	6.05	-5.77	-7.14	-3.68	-5.01	0.88	5.6	3.62	-1.09	-11.44
Sales per Employee	583,049	520,807	523,492	572,765	571,566	553,897	531,366	457,423	489,968	493,016	496,637	492,243	480,143	482,904	430,831
Dividend per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Depreciation Expense	5	6	8	10	12	15	17	18	18	18	17	18	19	18	19

Balance Sheet	2009 Y	2010 Y	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y
Total Current Assets	179	203	238	288	352	357	323	360	298	366	359	438	360	370	288
+ Cash, Cash Equivalents & STI	36	35	62	64	81	20	27	10	20	12	9	170	85	11	9
+ Cash & Cash Equivalents	36	35	62	64	81	20	27	10	20	12	9	170	85	11	9
+ ST Investments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Accounts & Notes Receiv	- -	- -	- -	- -	- -	- -	20	31	1	- -	27	4	- -	- -	- -
+ Accounts Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Notes Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Loans Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Receivable, Net	- -	- -	- -	- -	- -	- -	20	31	1	- -	27	4	- -	- -	- -
+ Inventories	133	155	164	207	252	314	244	302	262	318	286	244	254	332	265
+ Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Finished Goods	- -	- -	164	207	252	314	244	302	262	318	286	244	254	332	265
+ Inventory Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Inventory	133	155	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other ST Assets	10	13	12	17	19	23	32	17	14	36	37	20	20	27	14
+ Prepaid Expenses	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Assets Held-for-Sale	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc ST Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Noncurrent Assets	27	39	57	59	77	136	133	128	113	109	237	236	246	244	247
+ Property, Plant & Equip, Net	20	35	44	48	20	72	122	31	- -	-17	106	78	75	71	242
+ Property, Plant & Equip	39	58	74	86	66	125	189	115	100	94	221	207	216	225	414
- Accumulated Depreciation	18	23	30	39	46	53	67	84	100	110	115	129	141	154	172
+ LT Investments & Receivables	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Investments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Receivables	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other LT Assets	6	4	13	11	57	65	11	97	113	126	131	158	171	173	6
+ Total Intangible Assets	- -	- -	10	10	10	10	10	10	10	10	10	10	10	- -	- -
+ Goodwill	- -	- -	10	10	10	10	10	10	10	10	10	10	10	- -	- -
+ Other Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Assets	6	4	3	2	48	55	2	87	103	116	121	148	161	173	6
Total Assets	206	242	295	347	430	493	456	489	411	476	596	674	606	614	536
+ Payables & Accruals	37	36	41	59	61	88	59	125	109	175	135	107	101	73	85
+ Accounts Payable	33	34	38	55	56	80	55	121	68	73	60	71	63	48	67
+ Accrued Taxes	- -	- -	5	4	5	7	4	4	4	4	7	6	4	4	2
+ Interest & Dividends Payable	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Payables & Accruals	5	2	-3	- -	- -	- -	- -	- -	37	98	67	30	34	22	15
+ ST Debt	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	31	33	33	35	32
+ ST Borrowings	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Finance Leases	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	31	33	33	35	32
+ Other ST Liabilities	18	20	30	42	46	56	69	62	69	67	72	102	98	73	71
+ Deferred Revenue	- -	- -	18	26	22	35	34	33	39	40	42	61	67	44	39
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	3	3	5	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc ST Liabilities	15	18	7	16	23	22	35	29	31	27	31	41	31	29	31
Total Current Liabilities	55	57	71	101	107	144	128	187	178	242	238	242	232	181	187
+ LT Debt	- -	- -	- -	- -	- -	- -	20	40	15	65	182	191	97	171	183
+ LT Borrowings	- -	- -	- -	- -	- -	- -	20	40	15	65	82	101	- -	72	66
+ LT Finance Leases	- -	- -	- -	- -	- -	- -	4	3	3	3	100	90	97	99	117
+ Other LT Liabilities	2	5	9	12	13	17	31	31	20	21	14	13	4	6	8
+ Accrued Liabilities	2	5	9	12	13	17	11	10	1	1	- -	3	- -	- -	- -
+ Pension Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Liabilities	- -	- -	- -	- -	- -	- -	20	21	19	20	14	11	4	6	8
Total Noncurrent Liabilities	2	5	9	12	13	17	51	71	35	86	197	204	101	177	191
Total Liabilities	57	62	80	113	120	161	179	258	213	328	435	447	334	358	378
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Share Capital & APIC	95	101	109	132	165	178	181	203	209	214	219	223	228	232	237
+ Common Stock	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Additional Paid in Capital	95	101	109	132	165	177	181	203	209	214	219	223	228	232	237
- Treasury Stock	- -	- -	-1	51	85	139	139	139	141	142	142	143	145	153	154
+ Retained Earnings	54	80	106	153	231	294	238	169	131	77	86	148	190	178	74
+ Other Equity	- -	- -	- -	- -	-1	-1	-2	-1	-1	-1	-2	- -	- -	- -	- -
Equity Before Minority Interest	148	181	215	235	309	332	278	231	198	147	161	228	272	256	157
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Equity	148	181	215	235	309	332	278	231	198	147	161	228	272	256	157
Total Liabilities & Equity	206	242	295	347	430	493	456	489	411	476	596	674	606	614	536
Shares Outstanding	27	27	28	27	28	27	27	28	28	29	29	29	29	29	29
Capital Leases - Total	- -	- -	- -	- -	- -	- -	4	3	3	3	132	123	130	134	148
Net Debt	-36	-35	-62	-64	-81	-20	-7	30	-5	53	73	-69	-85	61	57
Net Debt to Equity	-24.03	-19.3	-28.67	-27.36	-26.07	-6.11	-2.41	12.88	-2.5	36.25	45.28	-30.29	-31.31	23.9	36.38
Tangible Common Equity Ratio	72.1	74.5	72.03	66.58	71.36	66.64	59.99	46.19	46.91	29.56	25.85	32.79	44.02	41.71	29.37
Current Ratio	3.25	3.58	3.36	2.85	3.29	2.48	2.53	1.93	1.67	1.51	1.51	1.81	1.55	2.05	1.54
Cash Conversion Cycle	93.63	101.76	102.98	103.03	110.17	128.31	106.43	106.87	100.62	118.74	123.16	106.7	93.94	125.13	146.65
Number of Employees	934	1,191	1,302	1,420	1,750	1,891	1,842	2,100	2,100	2,200	2,200	2,230	2,400	2,300	2,100

Cash Flow Statement	2009 Y	2010 Y	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y
+ Net Income	27	26	26	47	77	63	-56	-69	-38	-54	10	61	42	-12	-103
+ Depreciation & Amortization	5	6	8	10	12	15	17	18	18	18	17	18	19	18	19
+ Non-Cash Items	2	7	6	4	5	5	24	40	9	9	-29	-22	- -	2	21
+ Stock-Based Compensation	3	3	4	4	6	6	4	22	5	4	5	3	5	4	5
+ Deferred Income Taxes	-1	4	2	- -	-1	- -	-12	14	-3	- -	- -	-12	- -	-2	14
+ Asset Impairment Charge	- -	- -	- -	- -	- -	- -	4	- -	1	2	- -	1	- -	10	1
+ Other Non-Cash Adj	- -	- -	- -	- -	- -	- -	28	4	6	3	-33	-14	-6	-9	1
+ Chg in Non-Cash Work Cap	-26	-22	3	-14	-41	-26	24	-17	50	-16	2	100	-22	-125	85
+ (Inc) Dec in Accts Receiv	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	-27	23	4	- -	- -
+ (Inc) Dec in Inventories	-45	-22	-9	-43	-46	-62	43	-62	33	-59	29	39	-15	-82	61
+ (Inc) Dec in Prepaid Assets	- -	-4	-2	-3	- -	-2	-18	-11	29	-19	-27	-4	1	-3	9
+ Inc (Dec) in Accts Payable	17	1	4	17	- -	21	-21	64	-16	69	-9	12	-1	-16	16
+ Inc (Dec) in Other	2	2	10	15	5	16	21	-7	4	-7	36	30	-10	-24	-2
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Operating Activities	8	17	44	47	53	57	9	-28	39	-43	- -	157	39	-117	21
+ Change in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	2	1	- -	- -	- -	- -	- -
+ Disp of Fixed Prod Assets	- -	- -	- -	- -	- -	- -	- -	- -	2	1	- -	- -	- -	- -	- -
+ Disp of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Acq of Fixed & Intang	-11	-21	-17	-13	-29	-71	-22	-9	-7	-14	-20	-16	-19	-22	-17
+ Acq of Fixed Prod Assets	-11	-21	-17	-13	-29	-71	-22	-9	-7	-14	-20	-16	-19	-22	-17
+ Acq of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Net Change in LT Investment	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Dec in LT Investment	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inc in LT Investment	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Net Cash From Acq & Div	- -	- -	-5	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash from Divestitures	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash for Acq of Subs	- -	- -	-5	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash for JVs	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Investing Activities	- -	- -	- -	- -	- -	- -	- -	1	1	- -	- -	1	- -	- -	- -
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Investing Activities	-11	-21	-22	-13	-29	-71	-22	-8	-4	-13	-19	-15	-19	-22	-17
+ Dividends Paid	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Net Cash From Debt	- -	- -	- -	- -	- -	- -	40	40	-50	100	33	38	-202	72	-6
+ Cash From Debt	- -	- -	- -	- -	- -	106	78	74	80	148	209	90	- -	290	306
+ Repayments of Debt	- -	- -	- -	- -	- -	-106	-38	-34	-130	-48	-176	-52	-202	-218	-312
+ Cash (Repurchase) of Equity	- -	- -	- -	-49	-35	-53	- -	- -	-1	-1	- -	-1	-2	-8	- -
+ Increase in Capital Stock	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Decrease in Capital Stock	- -	- -	- -	-49	-35	-53	- -	- -	-1	-1	- -	-1	-2	-8	- -
+ Other Financing Activities	4	3	5	18	27	7	-20	-20	26	-50	-17	-19	100	- -	- -
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Financing Activities	4	3	5	-32	-7	-46	20	19	-26	49	16	19	-104	64	-6
Effect of Foreign Exchange Rates	- -	- -	- -	- -	-1	- -	- -	1	1	-1	1	- -	- -	- -	- -
Net Changes in Cash	1	-1	27	2	17	-60	6	-17	9	-7	-3	161	-85	-74	-2
EBITDA	48	48	51	88	138	119	-66	-76	-19	-32	34	74	72	7	-62
EBITDA Margin (%)	8.87	7.73	7.45	10.86	13.77	11.34	-6.72	-7.93	-1.87	-2.96	3.13	6.73	6.21	0.6	-6.87
Net Cash Paid for Acquisitions	- -	- -	5	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Free Cash Flow	-4	-4	27	34	24	-14	-13	-37	32	-57	-20	141	19	-139	4
Free Cash Flow to Firm	-4	-4	27	34	24	-14	- -	- -	- -	- -	-20	- -	19	- -	- -
Free Cash Flow to Equity	-4	-4	27	34	24	-14	27	3	-16	44	13	179	-183	-67	-2
Free Cash Flow per Basic Share	-0.13	-0.13	0.98	1.23	0.89	-0.52	-0.49	-1.34	1.13	-2.01	-0.68	4.9	0.66	-4.81	0.15
Price/Free Cash Flow	39	18.7	8.21	23.79	34.82	14	14.71	-23.35	19.09	-9.98	13.55	5.27	8.8	-1.69	2.98
Cash Flow to Net Income	0.29	0.65	1.68	1	0.68	0.9	-0.16	0.4	-1.04	0.79	0.03	2.56	0.93	9.66	-0.21

LL Flooring Holdings, Inc.

LL US

1.44

1.44