$MLKN
MILLERKNOLL, INC.

2012 Q2 Form 10-Q Financial Statement

#000006638212000018 Filed on April 11, 2012

View on sec.gov

Income Statement

Concept 2012 Q2 2012 Q1 2011 Q2
Revenue $420.7M $399.8M $441.5M
YoY Change -4.71% -3.62% 37.33%
Cost Of Revenue $270.6M $265.6M $295.8M
YoY Change -8.52% -5.75% 36.88%
Gross Profit $150.1M $134.2M $145.7M
YoY Change 3.02% 0.9% 38.24%
Gross Profit Margin 35.68% 33.57% 33.0%
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $9.300M $8.900M $10.00M
YoY Change -7.0% -5.32% -1.96%
% of Gross Profit 6.2% 6.63% 6.86%
Operating Expenses $114.9M $108.9M $114.1M
YoY Change 0.7% 6.87% 24.43%
Operating Profit $35.20M $25.30M $31.60M
YoY Change 11.39% -18.65% 130.66%
Interest Expense -$4.200M $4.100M -$4.700M
YoY Change -10.64% -19.61% -17.54%
% of Operating Profit -11.93% 16.21% -14.87%
Other Income/Expense, Net $100.0K $200.0K $0.00
YoY Change 0.0% -100.0%
Pretax Income $25.70M $21.40M $26.90M
YoY Change -4.46% -18.32% -9066.67%
Income Tax $13.70M $6.500M $9.800M
% Of Pretax Income 53.31% 30.37% 36.43%
Net Earnings $11.90M $14.90M $17.10M
YoY Change -30.41% -24.75% 714.29%
Net Earnings / Revenue 2.83% 3.73% 3.87%
Basic Earnings Per Share $0.21 $0.26 $0.00
Diluted Earnings Per Share $0.20 $0.26 $0.00
COMMON SHARES
Basic Shares Outstanding 58.33M shares 58.22M shares 57.29M shares
Diluted Shares Outstanding 58.49M shares

Balance Sheet

Concept 2012 Q2 2012 Q1 2011 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $181.8M $228.8M $153.2M
YoY Change 18.67% 29.71% 4.29%
Cash & Equivalents $172.2M $217.8M $142.2M
Short-Term Investments $9.600M $11.00M $11.00M
Other Short-Term Assets $54.50M $50.70M $59.20M
YoY Change -7.94% 16.28% 27.59%
Inventory $59.30M $56.30M $66.20M
Prepaid Expenses $54.50M $50.70M $59.20M
Receivables $159.7M $154.9M $193.1M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $455.3M $490.4M $471.7M
YoY Change -3.48% 1.93% 19.15%
LONG-TERM ASSETS
Property, Plant & Equipment $156.0M $159.3M $169.1M
YoY Change -7.75% -5.96% -3.48%
Goodwill $146.4M $109.6M $110.4M
YoY Change 32.61% 0.91%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $11.00M $10.20M $9.300M
YoY Change 18.28% -76.44% -77.8%
Total Long-Term Assets $383.8M $325.3M $336.3M
YoY Change 14.12% -12.25% -10.25%
TOTAL ASSETS
Total Short-Term Assets $455.3M $490.4M $471.7M
Total Long-Term Assets $383.8M $325.3M $336.3M
Total Assets $839.1M $815.7M $808.0M
YoY Change 3.85% -4.24% 4.85%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $115.8M $93.20M $112.7M
YoY Change 2.75% -12.49% 17.03%
Accrued Expenses $137.9M $129.1M $153.1M
YoY Change -9.93% 10.72% 59.81%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change -100.0% -100.0%
Long-Term Debt Due $0.00
YoY Change -100.0%
Total Short-Term Liabilities $253.7M $222.3M $265.8M
YoY Change -4.55% -37.04% -15.4%
LONG-TERM LIABILITIES
Long-Term Debt $250.0M $250.0M $250.0M
YoY Change 0.0% 25.0% 25.0%
Other Long-Term Liabilities $49.20M $30.90M $24.60M
YoY Change 100.0% -13.69% -86.05%
Total Long-Term Liabilities $337.1M $324.3M $337.2M
YoY Change -0.03% -9.01% -10.39%
TOTAL LIABILITIES
Total Short-Term Liabilities $253.7M $222.3M $265.8M
Total Long-Term Liabilities $337.1M $324.3M $337.2M
Total Liabilities $590.8M $546.6M $603.0M
YoY Change -2.02% -22.96% -12.67%
SHAREHOLDERS EQUITY
Retained Earnings $288.2M $277.6M $218.2M
YoY Change 32.08% 37.15% 43.18%
Common Stock $11.70M $11.70M $11.60M
YoY Change 0.86% 2.63% 1.75%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $248.3M $269.1M $205.0M
YoY Change
Total Liabilities & Shareholders Equity $839.1M $815.7M $808.0M
YoY Change 3.85% -4.24% 4.85%

Cashflow Statement

Concept 2012 Q2 2012 Q1 2011 Q2
OPERATING ACTIVITIES
Net Income $11.90M $14.90M $17.10M
YoY Change -30.41% -24.75% 714.29%
Depreciation, Depletion And Amortization $9.300M $8.900M $10.00M
YoY Change -7.0% -5.32% -1.96%
Cash From Operating Activities $7.700M $43.70M $36.50M
YoY Change -78.9% 98.64% 1.67%
INVESTING ACTIVITIES
Capital Expenditures $9.400M $5.900M $8.700M
YoY Change 8.05% -39.18% 24.29%
Acquisitions
YoY Change
Other Investing Activities -$42.80M -$1.200M $300.0K
YoY Change -14366.67% 100.0% -101.9%
Cash From Investing Activities -$52.20M -$7.100M -$8.400M
YoY Change 521.43% -30.39% -63.16%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -1.000M -500.0K -45.90M
YoY Change -97.82% -73.68% 4490.0%
NET CHANGE
Cash From Operating Activities 7.700M 43.70M 36.50M
Cash From Investing Activities -52.20M -7.100M -8.400M
Cash From Financing Activities -1.000M -500.0K -45.90M
Net Change In Cash -45.50M 36.10M -17.80M
YoY Change 155.62% 264.65% -247.11%
FREE CASH FLOW
Cash From Operating Activities $7.700M $43.70M $36.50M
Capital Expenditures $9.400M $5.900M $8.700M
Free Cash Flow -$1.700M $37.80M $27.80M
YoY Change -106.12% 207.32% -3.81%

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mlhr Goodwillandindefinitelivedintangibleassetsperiodincreasedecrease
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mlhr Numbers Of Business Divested
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mlhr Payment Contingent Consideration
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mlhr Payment Contingent Consideration
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mlhr Warranty Length
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dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
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dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q3
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2012
dei Document Period End Date
DocumentPeriodEndDate
2012-03-03
dei Document Type
DocumentType
10-Q
dei Entity Central Index Key
EntityCentralIndexKey
0000066382
CY2012Q2 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
58329299 shares
dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
dei Entity Registrant Name
EntityRegistrantName
MILLER HERMAN INC

Files In Submission

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0000066382-12-000018.txt Edgar Link pending
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Financial_Report.xls Edgar Link pending
hmi10q_03032012.htm Edgar Link pending
hmi10q_03032012ex31a.htm Edgar Link pending
hmi10q_03032012ex31b.htm Edgar Link pending
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