| Address:
|
901 44TH ST
|
| City: |
GRAND RAPIDS |
|
State: |
MI |
|
Zip Code: |
49508 |
| Telephone: |
616-247-2710 |
|
Description of Business
|
Primary SIC Code:
2522 |
| (As filed with the SEC)
|
|
|
The following business overview is qualified in its entirety by the more
detailed information included elsewhere or incorporated by reference in this
Annual Report on Form 10-K ("Report"). As used in this Report, unless otherwise
expressly stated or the context otherwise requires, all references to
"Steelcase," "we," "our," "Company" and similar references are to Steelcase Inc.
and its subsidiaries in which a controlling interest is maintained. Unless the
context otherwise indicates, reference to a year relates to the fiscal year,
ended in February of the year indicated, rather than a calendar year.
Additionally, Q1, Q2, Q3 and Q4 reference the first, second, third and fourth
quarter, respectively, of the fiscal year indicated. All amounts are in
millions, except share and per share data, data presented as a percentage or as
otherwise indicated.
Our Business
Steelcase is the global leader in furnishing the work experience in office
environments. ... More ... |
| Date |
12-mos
Rolling EPS |
Dividend |
P/E
Ratio |
| 11/2011 | 0.39 | 0.060 | 20.10 | | 08/2011 | 0.35 | 0.060 | 23.66 | | 05/2011 | 0.29 | 0.060 | 37.48 | | 02/2011 | 0.15 | 0.060 | 64.73 | | 11/2010 | -0.03 | 0.040 | N/E | | 08/2010 | -0.16 | 0.040 | N/E | | 05/2010 | -0.18 | 0.040 | N/E | | 02/2010 | -0.10 | 0.040 | N/E |
Key Financial Ratios and Statistics |
FYE:
02/25 |
| Profitability |
2011 |
Leverage |
2011 |
| Net Inc/Comm Equity | 0.30 | Total Liab/Total Assets | 0.64 | | Net Inc/Total Assets | 0.01 | Total Liab/Inv Cap | 1.27 | | Net Inc/Inv Cap | 0.02 | Total Liab/Comm Equity | 18.60 | | Pretax Inc/Net Sales | 0.02 | Interest Coverage Ratio | 3.66 | | Net Inc/Net Sales | 0.01 | Curr Debt/Equity | 0.36 | | Cash Flow/Net Sales | 0.03 | LTD/Equity | 0.41 | | SG&A/NetSales | 0.27 | Total Debt/Equity | 0.76 |
| Asset Utilization
|
|
Liquidity |
|
| Net Receivables Turnover | 7.85 | Quick Ratio | 1.20 | | Inventory Turnover | 15.25 | Current Ratio | 1.37 | | Inventory Day Sales | 0.04 | Net Rec/Curr Assets | 0.33 | | Net Sales/Work Cap | 8.85 | Inv/Curr Assets | 0.13 | | Net Sales/PP&E | 7.05 | | |
Income Statement (Millions) |
| |
11/26/2011
|
8/26/2011
|
5/27/2011
|
2/25/2011
|
|
Total Revenues(Net Sales)
|
719.40
|
700.50
|
639.40
|
622.90
|
|
Cost of Goods Sold
|
499.60
|
499.30
|
456.30
|
441.40
|
|
Selling & Admin Exps
|
181.10
|
174.90
|
168.20
|
160.50
|
|
Operating Income
|
38.20
|
25.40
|
15.00
|
19.60
|
|
Interest Exp
|
4.10
|
7.60
|
8.40
|
5.40
|
|
Pretax Income
|
34.60
|
15.20
|
11.50
|
19.10
|
|
Other Income
|
0.50
|
-2.60
|
4.90
|
4.90
|
|
Net Income Bef Extraordinary ...
|
NA
|
NA
|
NA
|
NA
|
|
Net Income
|
22.40
|
11.90
|
7.50
|
10.40
|
|
Assets
|
11/26/2011
|
8/26/2011
|
5/27/2011
|
2/25/2011
|
|
Cash & Short Term Investments
|
165.90
|
155.90
|
398.80
|
493.00
|
|
Receivables - Total
|
368.20
|
382.70
|
369.10
|
329.00
|
|
Inventories - Total
|
153.90
|
137.50
|
129.30
|
127.10
|
|
Total Current Assets
|
751.40
|
742.90
|
975.20
|
1,012.30
|
|
Net Property, Plant & Equipment
|
342.30
|
345.90
|
349.00
|
345.80
|
|
Total Assets
|
1,733.80
|
1,747.40
|
1,981.40
|
1,996.50
|
|
Liabilities
|
|
|
|
|
|
Accounts Payable
|
505.20
|
502.40
|
481.90
|
463.30
|
|
Debt in Current Liabilities
|
2.60
|
2.60
|
252.80
|
255.50
|
|
Total Current Liabilities
|
507.80
|
505.00
|
734.70
|
736.80
|
|
Long-Term Debt
|
289.50
|
290.10
|
290.70
|
291.30
|
|
Total Liabilities
|
1,041.90
|
1,040.30
|
1,267.10
|
1,278.10
|
|
Stockholder's Equity
|
|
|
|
|
|
Minority Interest
|
NA
|
NA
|
NA
|
NA
|
|
Preferred Stock
|
NA
|
NA
|
NA
|
0.00
|
|
Common Stock
|
7.90
|
25.60
|
37.10
|
48.50
|
|
Retained Earnings
|
667.00
|
652.50
|
648.60
|
649.10
|
|
Treasury Stock
|
NA
|
NA
|
NA
|
NA
|
|
Total Stockholders' Equity
|
691.90
|
707.10
|
714.30
|
718.40
|
|
Total Liabilities and Stockholders' Equity
|
1,733.80
|
1,747.40
|
1,981.40
|
1,996.50
|
Cash Flow Summary (Millions) |
|
Categories
|
11/26/2011
|
8/26/2011
|
5/27/2011
|
2/25/2011
|
|
Net Cash Provided by Operating Activities
|
51.00
|
35.60
|
-38.70
|
13.90
|
|
Net Cash Provided by Investing Activities
|
-11.90
|
257.50
|
1.20
|
-220.90
|
|
Net Cash Provided by Financing Activities
|
-26.60
|
-270.10
|
-23.40
|
229.30
|
Annual Summary Data (Millions) |
| Year |
Sales |
Net
Income |
EPS |
| 02/2007 | 3,097.40 | 106.90 | 0.71 | | 02/2008 | 3,420.80 | 133.20 | 0.93 | | 02/2009 | 3,183.70 | -11.70 | -0.09 | | 02/2010 | 2,291.70 | -13.60 | -0.10 | | 02/2011 | 2,437.10 | 20.40 | 0.15 | | Growth Rates | -5.82 | -- | -- |
| Type |
Date(Q,M) |
No.
Owners |
Shares
Held (000s) |
%
Own |
| Institutional | 12/31/11 | 174 | 77,889 | 92.69 |
|
Report Date :
2/6/2012
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