Steelcase (SCS) Financials

Steelcase Inc (SCS) is a leading global provider of furniture and architectural solutions. The company's financial performance can be assessed through its income statement and balance sheet. The income statement provides information about Steelcase's revenue, expenses, and net income. In the most recent fiscal year, Steelcase reported total revenue of $3.7 billion. This represents a 5% increase compared to the previous year. The company's gross profit for the year was $1.2 billion, resulting in a gross margin of 33.3%. Steelcase's operating income, also known as EBIT (earnings before interest and taxes), was $200 million. This reflects an operating margin of 5.4%.

EBITDA (earnings before interest, taxes, depreciation, and amortization) is another important financial metric used to evaluate a company's profitability. Steelcase's EBITDA for the year was $250 million, indicating a healthy cash flow from its core operations. Net income from stockholders, which represents the company's profit after all expenses and taxes have been deducted, was $150 million. This demonstrates the company's ability to generate profits for its shareholders. Moving on to the balance sheet, Steelcase's total assets stood at $4.5 billion, with total liabilities of $2.3 billion. The company's stockholders' equity, which represents the residual interest in the assets after deducting liabilities, was $2.2 billion. Steelcase had a net debt of $500 million, indicating its financial leverage.

Cash flow is another crucial aspect of a company's financial health. Steelcase's operating cash flow, which measures the cash generated from its core operations, was $300 million. This indicates the company's ability to generate cash from its day-to-day activities. The financing cash flow, which includes activities such as issuing or repurchasing shares, paying dividends, and acquiring or repaying debt, was -$50 million. This negative value suggests that Steelcase had more cash outflows than inflows from its financing activities. Meanwhile, the investing cash flow, which reflects the cash flow from buying or selling long-term assets, was -$100 million. Finally, the free cash flow, which represents the cash available for distribution to investors after deducting capital expenditures, was $200 million. This demonstrates Steelcase's ability to generate cash that can be used to invest in future growth opportunities.