Leggett Historical Income Statement

LEG Stock  USD 13.06  1.40  12.01%   
Historical analysis of Leggett Platt income statement accounts such as Gross Profit of 776 M can show how well Leggett Platt Incorporated performed in making a profits. Evaluating Leggett Platt income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Leggett Platt's future profits or losses.
 
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Financial Statement Analysis is much more than just reviewing and examining Leggett Platt latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Leggett Platt is a good buy for the upcoming year.
  
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Leggett Platt Incorporated. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.

About Leggett Income Statement Analysis

Leggett Platt Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Leggett Platt shareholders. The income statement also shows Leggett investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).

Leggett Platt Income Statement Chart

At this time, Leggett Platt's Non Operating Income Net Other is most likely to increase significantly in the upcoming years. The Leggett Platt's current Non Recurring is estimated to increase to about 35.5 M, while Total Revenue is projected to decrease to roughly 3.6 B.

Other Operating Expenses

Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Leggett Platt. It is also known as Leggett Platt overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.

Operating Income

Operating Income is the amount of profit realized from Leggett Platt operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Leggett Platt Incorporated is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.

Net Income

Net income is one of the most important fundamental items in finance. It plays a large role in Leggett Platt financial statement analysis. It represents the amount of money remaining after all of Leggett Platt Incorporated operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.
Most accounts from Leggett Platt's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Leggett Platt current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Leggett Platt Incorporated. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.
At this time, Leggett Platt's Non Operating Income Net Other is most likely to increase significantly in the upcoming years. The Leggett Platt's current Non Recurring is estimated to increase to about 35.5 M, while Total Revenue is projected to decrease to roughly 3.6 B.
 2021 2022 2023 2024 (projected)
Gross Profit1.0B976.8M853.8M776.0M
Total Revenue5.1B5.1B4.7B3.6B

Leggett Platt income statement Correlations

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0.830.780.870.870.870.680.170.330.860.930.08-0.430.050.05-0.49-0.140.14-0.430.52-0.45-0.130.02-0.560.52-0.33
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Leggett Platt Account Relationship Matchups

Leggett Platt income statement Accounts

201920202021202220232024 (projected)
Depreciation And Amortization191.9M184.6M184M177M177.9M127.6M
Interest Expense83.3M79.6M73.9M81.4M88.4M92.8M
Total Revenue4.8B4.3B5.1B5.1B4.7B3.6B
Gross Profit1.1B894.5M1.0B976.8M853.8M776.0M
Other Operating Expenses4.2B3.9B4.5B4.7B4.4B3.2B
Operating Income513.4M400.5M596M485M320.6M345.1M
Ebit513.4M406.1M594.1M486.8M(84.7M)(80.5M)
Ebitda705.3M590.7M778.1M663.8M93.2M88.5M
Cost Of Revenue3.7B3.4B4.0B4.2B3.9B2.8B
Total Operating Expenses445.6M533M489.6M494.1M465.4M428.4M
Income Before Tax430.1M320.9M522.1M403.6M(173.4M)(164.7M)
Total Other Income Expense Net(83.3M)(87.9M)(94.1M)(74.8M)(494M)(469.3M)
Net Income333.8M253M402.4M309.8M(136.8M)(130.0M)
Income Tax Expense96.2M73.2M119.5M93.7M(36.6M)(34.8M)
Selling General Administrative469.7M424.4M422.1M427.3M465.4M457.5M
Net Income Applicable To Common Shares333.8M247.6M402.4M309.8M356.3M262.9M
Net Income From Continuing Ops333.9M247.7M402.6M309.9M(136.8M)(130.0M)
Non Operating Income Net Other12.4M3.1M32M6.6M7.6M11.5M
Non Recurring4.9M5.4M7.8M29.4M33.8M35.5M
Tax Provision96.2M73.2M119.5M93.7M(36.6M)(34.8M)
Interest Income7.4M79.6M73.9M81.4M5.4M5.1M
Net Interest Income(83.3M)(79.6M)(73.9M)(81.4M)(85.7M)(90.0M)
Reconciled Depreciation191.9M189.4M187.3M179.8M179.9M187.0M

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When determining whether Leggett Platt is a strong investment it is important to analyze Leggett Platt's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Leggett Platt's future performance. For an informed investment choice regarding Leggett Stock, refer to the following important reports:
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Leggett Platt Incorporated. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.
You can also try the Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.
Is Household Durables space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Leggett Platt. If investors know Leggett will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Leggett Platt listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.16)
Dividend Share
1.02
Earnings Share
(6.01)
Revenue Per Share
32.414
Quarterly Revenue Growth
(0.06)
The market value of Leggett Platt is measured differently than its book value, which is the value of Leggett that is recorded on the company's balance sheet. Investors also form their own opinion of Leggett Platt's value that differs from its market value or its book value, called intrinsic value, which is Leggett Platt's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Leggett Platt's market value can be influenced by many factors that don't directly affect Leggett Platt's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Leggett Platt's value and its price as these two are different measures arrived at by different means. Investors typically determine if Leggett Platt is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Leggett Platt's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.