$MLKN
MILLERKNOLL, INC.

2013 Q2 Form 10-Q Financial Statement

#000006638213000012 Filed on April 11, 2013

View on sec.gov

Income Statement

Concept 2013 Q2 2013 Q1 2012 Q2
Revenue $460.0M $423.5M $420.7M
YoY Change 9.34% 5.93% -4.71%
Cost Of Revenue $297.3M $279.1M $270.6M
YoY Change 9.87% 5.08% -8.52%
Gross Profit $162.6M $144.4M $150.1M
YoY Change 8.33% 7.6% 3.02%
Gross Profit Margin 35.35% 34.1% 35.68%
Selling, General & Admin $126.9M $102.0M
YoY Change
% of Gross Profit 78.04% 70.64%
Research & Development $15.00M
YoY Change
% of Gross Profit 10.39%
Depreciation & Amortization $9.400M $9.100M $9.300M
YoY Change 1.08% 2.25% -7.0%
% of Gross Profit 5.78% 6.3% 6.2%
Operating Expenses $126.9M $117.0M $114.9M
YoY Change 10.44% 7.44% 0.7%
Operating Profit $35.70M $27.40M $35.20M
YoY Change 1.42% 8.3% 11.39%
Interest Expense -$3.900M $4.200M -$4.200M
YoY Change -7.14% 2.44% -10.64%
% of Operating Profit -10.92% 15.33% -11.93%
Other Income/Expense, Net -$800.0K $100.0K $100.0K
YoY Change -900.0% -50.0%
Pretax Income $31.00M $23.30M $25.70M
YoY Change 20.62% 8.88% -4.46%
Income Tax $7.500M $6.800M $13.70M
% Of Pretax Income 24.19% 29.18% 53.31%
Net Earnings $23.40M $16.50M $11.90M
YoY Change 96.64% 10.74% -30.41%
Net Earnings / Revenue 5.09% 3.9% 2.83%
Basic Earnings Per Share $0.40 $0.28 $0.21
Diluted Earnings Per Share $0.40 $0.28 $0.20
COMMON SHARES
Basic Shares Outstanding 58.62M shares 58.45M shares 58.33M shares
Diluted Shares Outstanding 58.88M shares

Balance Sheet

Concept 2013 Q2 2013 Q1 2012 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $93.50M $208.3M $181.8M
YoY Change -48.57% -8.96% 18.67%
Cash & Equivalents $82.70M $198.1M $172.2M
Short-Term Investments $10.80M $10.20M $9.600M
Other Short-Term Assets $51.20M $48.90M $54.50M
YoY Change -6.06% -3.55% -7.94%
Inventory $76.20M $66.40M $59.30M
Prepaid Expenses $51.20M $48.90M $54.50M
Receivables $178.4M $154.6M $159.7M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $399.3M $478.2M $455.3M
YoY Change -12.3% -2.49% -3.48%
LONG-TERM ASSETS
Property, Plant & Equipment $184.1M $167.8M $156.0M
YoY Change 18.01% 5.34% -7.75%
Goodwill $227.0M $146.3M $146.4M
YoY Change 55.05% 33.49% 32.61%
Intangibles
YoY Change
Long-Term Investments $4.200M
YoY Change
Other Assets $25.80M $15.20M $11.00M
YoY Change 134.55% 49.02% 18.28%
Total Long-Term Assets $547.2M $398.0M $383.8M
YoY Change 42.57% 22.35% 14.12%
TOTAL ASSETS
Total Short-Term Assets $399.3M $478.2M $455.3M
Total Long-Term Assets $547.2M $398.0M $383.8M
Total Assets $946.5M $876.2M $839.1M
YoY Change 12.8% 7.42% 3.85%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $130.1M $103.8M $115.8M
YoY Change 12.35% 11.37% 2.75%
Accrued Expenses $69.20M $146.2M $137.9M
YoY Change -49.82% 13.25% -9.93%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00
YoY Change
Total Short-Term Liabilities $290.0M $250.0M $253.7M
YoY Change 14.31% 12.46% -4.55%
LONG-TERM LIABILITIES
Long-Term Debt $250.0M $250.0M $250.0M
YoY Change 0.0% 0.0% 0.0%
Other Long-Term Liabilities $47.40M $38.70M $49.20M
YoY Change -3.66% 25.24% 100.0%
Total Long-Term Liabilities $297.4M $333.9M $337.1M
YoY Change -11.78% 2.96% -0.03%
TOTAL LIABILITIES
Total Short-Term Liabilities $290.0M $250.0M $253.7M
Total Long-Term Liabilities $297.4M $333.9M $337.1M
Total Liabilities $627.0M $583.9M $590.8M
YoY Change 6.13% 6.82% -2.02%
SHAREHOLDERS EQUITY
Retained Earnings $331.1M $315.1M $288.2M
YoY Change 14.89% 13.51% 32.08%
Common Stock $11.70M $11.70M $11.70M
YoY Change 0.0% 0.0% 0.86%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $319.5M $292.3M $248.3M
YoY Change
Total Liabilities & Shareholders Equity $946.5M $876.2M $839.1M
YoY Change 12.8% 7.42% 3.85%

Cashflow Statement

Concept 2013 Q2 2013 Q1 2012 Q2
OPERATING ACTIVITIES
Net Income $23.40M $16.50M $11.90M
YoY Change 96.64% 10.74% -30.41%
Depreciation, Depletion And Amortization $9.400M $9.100M $9.300M
YoY Change 1.08% 2.25% -7.0%
Cash From Operating Activities $59.20M $30.00M $7.700M
YoY Change 668.83% -31.35% -78.9%
INVESTING ACTIVITIES
Capital Expenditures $10.80M $10.30M $9.400M
YoY Change 14.89% 74.58% 8.05%
Acquisitions
YoY Change
Other Investing Activities -$158.0M -$800.0K -$42.80M
YoY Change 269.16% -33.33% -14366.67%
Cash From Investing Activities -$168.8M -$11.10M -$52.20M
YoY Change 223.37% 56.34% 521.43%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -6.200M -6.100M -1.000M
YoY Change 520.0% 1120.0% -97.82%
NET CHANGE
Cash From Operating Activities 59.20M 30.00M 7.700M
Cash From Investing Activities -168.8M -11.10M -52.20M
Cash From Financing Activities -6.200M -6.100M -1.000M
Net Change In Cash -115.8M 12.80M -45.50M
YoY Change 154.51% -64.54% 155.62%
FREE CASH FLOW
Cash From Operating Activities $59.20M $30.00M $7.700M
Capital Expenditures $10.80M $10.30M $9.400M
Free Cash Flow $48.40M $19.70M -$1.700M
YoY Change -2947.06% -47.88% -106.12%

Facts In Submission

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mlhr Fiscal Period Weeks
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mlhr Goodwill And Indefinite Lived Intangible Assets Written Off Related To Sale Of Business Unit
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mlhr Goodwillandindefinitelivedintangibleassetsperiodincreasedecrease
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CY2013Q1 mlhr Line Of Credit Facility Increase In Borrowing Capacity
LineOfCreditFacilityIncreaseInBorrowingCapacity
75000000 USD
CY2011Q4 mlhr Numbers Of Business Divested
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1 dealerships
mlhr Numbers Of Business Divested
NumbersOfBusinessDivested
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CY2013Q1 mlhr Numbers Of Business Divested
NumbersOfBusinessDivested
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CY2012Q2 mlhr Total Other Assets
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CY2013Q1 mlhr Total Other Assets
TotalOtherAssets
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mlhr Warranty Length
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P12Y
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
2013
dei Document Period End Date
DocumentPeriodEndDate
2013-03-02
dei Document Type
DocumentType
10-Q
dei Entity Central Index Key
EntityCentralIndexKey
0000066382
CY2013Q2 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
58617907 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

Name View Source Status
0000066382-13-000012-index-headers.html Edgar Link pending
0000066382-13-000012-index.html Edgar Link pending
0000066382-13-000012.txt Edgar Link pending
0000066382-13-000012-xbrl.zip Edgar Link pending
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Financial_Report.xls Edgar Link pending
hmi10q_03022013.htm Edgar Link pending
hmi10q_03022013ex311.htm Edgar Link pending
hmi10q_03022013ex312.htm Edgar Link pending
hmi10q_03022013ex321.htm Edgar Link pending
hmi10q_03022013ex322.htm Edgar Link pending
mlhr-20130302.xml Edgar Link completed
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mlhr-20130302_cal.xml Edgar Link unprocessable
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