$HVT
HAVERTY FURNITURE COMPANIES INC

2021 Q1 Form 10-Q Financial Statement

#000114036121015096 Filed on April 30, 2021

View on sec.gov

Income Statement

Concept 2021 Q1 2020 Q1
Revenue $236.5M $179.4M
YoY Change 31.8% -4.17%
Cost Of Revenue $101.5M $79.88M
YoY Change 27.01% -5.09%
Gross Profit $135.0M $99.55M
YoY Change 35.64% -3.42%
Gross Profit Margin 57.1% 55.48%
Selling, General & Admin $109.8M $97.54M
YoY Change 12.54% -1.36%
% of Gross Profit 81.28% 97.97%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $4.000M $5.124M
YoY Change -21.94% 0.37%
% of Gross Profit 2.96% 5.15%
Operating Expenses $109.7M $97.49M
YoY Change 12.56% -1.26%
Operating Profit $25.31M $2.067M
YoY Change 1124.38% -52.53%
Interest Expense $100.0K $200.0K
YoY Change -50.0% -33.33%
% of Operating Profit 0.4% 9.68%
Other Income/Expense, Net
YoY Change
Pretax Income $25.36M $2.300M
YoY Change 1002.78% -51.32%
Income Tax $5.958M $481.0K
% Of Pretax Income 23.49% 20.91%
Net Earnings $19.41M $1.819M
YoY Change 966.85% -49.77%
Net Earnings / Revenue 8.21% 1.01%
Basic Earnings Per Share
Diluted Earnings Per Share $960.4K $86.54K
COMMON SHARES
Basic Shares Outstanding
Diluted Shares Outstanding

Balance Sheet

Concept 2021 Q1 2020 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $210.1M $84.60M
YoY Change 148.35% 15.89%
Cash & Equivalents $210.1M $84.57M
Short-Term Investments
Other Short-Term Assets $29.00M $7.004M
YoY Change 314.05% -70.45%
Inventory $103.6M $110.5M
Prepaid Expenses $9.989M
Receivables $1.374M
Other Receivables $0.00
Total Short-Term Assets $342.7M $220.2M
YoY Change 55.64% 5.96%
LONG-TERM ASSETS
Property, Plant & Equipment $336.9M $153.2M
YoY Change 119.89% -55.81%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $28.60M $9.189M
YoY Change 211.24% -54.96%
Total Long-Term Assets $365.6M $354.7M
YoY Change 3.07% -3.43%
TOTAL ASSETS
Total Short-Term Assets $342.7M $220.2M
Total Long-Term Assets $365.6M $354.7M
Total Assets $708.3M $574.9M
YoY Change 23.21% -0.04%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $25.00M $16.82M
YoY Change 48.64% -23.9%
Accrued Expenses $85.20M $29.76M
YoY Change 186.3% -51.13%
Deferred Revenue $104.7M $26.17M
YoY Change 300.02%
Short-Term Debt $0.00 $43.80M
YoY Change -100.0%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $214.9M $146.8M
YoY Change 46.44% 30.56%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $223.0M $21.86M
YoY Change 920.36% -87.91%
Total Long-Term Liabilities $223.0M $21.86M
YoY Change 920.36% -87.91%
TOTAL LIABILITIES
Total Short-Term Liabilities $214.9M $146.8M
Total Long-Term Liabilities $223.0M $21.86M
Total Liabilities $438.0M $322.4M
YoY Change 35.84% 9.97%
SHAREHOLDERS EQUITY
Retained Earnings $294.1M
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $164.9M
YoY Change
Treasury Stock Shares
Shareholders Equity $270.3M $252.4M
YoY Change
Total Liabilities & Shareholders Equity $708.3M $574.9M
YoY Change 23.21% -0.04%

Cashflow Statement

Concept 2021 Q1 2020 Q1
OPERATING ACTIVITIES
Net Income $19.41M $1.819M
YoY Change 966.85% -49.77%
Depreciation, Depletion And Amortization $4.000M $5.124M
YoY Change -21.94% 0.37%
Cash From Operating Activities $19.60M -$21.58M
YoY Change -190.83% -498.28%
INVESTING ACTIVITIES
Capital Expenditures -$4.700M $2.480M
YoY Change -289.52% -34.11%
Acquisitions
YoY Change
Other Investing Activities $0.00 $0.00
YoY Change -100.0%
Cash From Investing Activities -$4.700M -$2.476M
YoY Change 89.82% 64.08%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $6.810M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -4.800M 32.92M
YoY Change -114.58% -880.51%
NET CHANGE
Cash From Operating Activities 19.60M -21.58M
Cash From Investing Activities -4.700M -2.476M
Cash From Financing Activities -4.800M 32.92M
Net Change In Cash 10.10M 8.867M
YoY Change 13.91% -2969.58%
FREE CASH FLOW
Cash From Operating Activities $19.60M -$21.58M
Capital Expenditures -$4.700M $2.480M
Free Cash Flow $24.30M -$24.06M
YoY Change -201.0% -1554.59%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
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EntityCentralIndexKey
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CY2021Q1 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
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CY2021Q1 dei Amendment Flag
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CY2021Q1 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
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CY2021Q1 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
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CY2021Q1 dei Entity Address City Or Town
EntityAddressCityOrTown
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CY2021Q1 dei Document Type
DocumentType
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CY2021Q1 dei Document Quarterly Report
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CY2021Q1 dei Document Period End Date
DocumentPeriodEndDate
2021-03-31
CY2021Q1 dei Document Transition Report
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CY2021Q1 dei Entity File Number
EntityFileNumber
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CY2021Q1 dei Entity Registrant Name
EntityRegistrantName
HAVERTY FURNITURE COMPANIES, INC
CY2021Q1 dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
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CY2021Q1 dei Entity Tax Identification Number
EntityTaxIdentificationNumber
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CY2021Q1 dei Entity Address Address Line1
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780 Johnson Ferry Road, Suite 800
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CY2021Q1 hvt Percentage Of Net Sales
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CY2021Q1 hvt Common Stock Preferential Dividend Rate Percentage
CommonStockPreferentialDividendRatePercentage
1.05

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