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LL Flooring (LL)

Lumber Liquidators Holdings, Inc. operates as a multi channel specialty retailer of hardwood flooring and hardwood flooring enhancements and accessories in the United States. The firm offers exotic and domestic hardwood species, engineered hardwood, laminate, vinyl plank, bamboo and cork direct to the consumer. It also provides flooring enhancements and accessories, including moldings, noise reducing underlay, adhesives and flooring tools. The company was founded by Thomas David Sullivan in 1993 and is headquartered in Richmond, VA.

Company profile

Ticker
LL
Exchange
CEO
Charles E. Tyson
Employees
Location
Fiscal year end
Former names
Lumber Liquidators Holdings, Inc., Lumber Liquidators, Inc.
SEC CIK
Subsidiaries
LL Flooring, Inc. • LL Flooring Services, LLC • Lumber Liquidators Leasing, LLC • Lumber Liquidators Production, LLC • Lumber Liquidators Foreign Holdings, LLC • Lumber Liquidators Foreign Operations, LLC • Lumber Liquidators Canada ULC • Lumber Liquidators Hong Kong Limited • Lumber Liquidators Trading (Shanghai) Co. Ltd ...
IRS number
271310817

LL stock data

Calendar

5 May 22
29 Jun 22
31 Dec 22
Quarter (USD) Mar 22 Dec 21 Sep 21 Jun 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 21 Dec 20 Dec 19 Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 56.07M 56.07M 56.07M 56.07M 56.07M 56.07M
Cash burn (monthly) 9.71M 12.73M (no burn) (no burn) 7.8M 2.44M
Cash used (since last report) 28.77M 37.75M n/a n/a 23.12M 7.22M
Cash remaining 27.3M 18.33M n/a n/a 32.95M 48.85M
Runway (months of cash) 2.8 1.4 n/a n/a 4.2 20.1

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
1 Jun 22 Ashish Parmar Common Stock Grant Acquire A No No 11.98 1,460 17.49K 16,407
1 Jun 22 Graham Terri F Common Stock Grant Acquire A No No 11.98 1,212 14.52K 31,866
1 Jun 22 Rhodes Famous P Common Stock Grant Acquire A No No 11.98 782 9.37K 24,990
1 Jun 22 Martin F Roper Common Stock Grant Acquire A No No 11.98 1,773 21.24K 151,567
1 Jun 22 Nancy A Walsh Common Stock Payment of exercise Dispose F No No 11.98 1,471 17.62K 59,058
82.5% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 136 146 -6.8%
Opened positions 14 15 -6.7%
Closed positions 24 20 +20.0%
Increased positions 47 46 +2.2%
Reduced positions 45 52 -13.5%
13F shares Current Prev Q Change
Total value 349.5M 1.99B -82.4%
Total shares 24.57M 25.17M -2.4%
Total puts 560.9K 901.9K -37.8%
Total calls 372.5K 604.6K -38.4%
Total put/call ratio 1.5 1.5 +0.9%
Largest owners Shares Value Change
BLK Blackrock 4.76M $66.79M -0.6%
TROW T. Rowe Price 3.68M $51.63M -0.7%
Vanguard 1.99M $27.92M -4.5%
Gagnon Neil 1.54M $26.33M 0.0%
Gagnon Securities 1.31M $18.31M +2.8%
Wellington Management 1.18M $16.49M +21.8%
STT State Street 1.02M $14.28M +3.2%
Dimensional Fund Advisors 908.85K $12.74M +8.5%
D. E. Shaw & Co. 838.81K $11.76M +0.7%
Royce & Associates 779.33K $10.93M 0.0%
Largest transactions Shares Bought/sold Change
Millennium Management 0 -432.88K EXIT
Wellington Management 1.18M +210.28K +21.8%
Vanguard 1.99M -94.26K -4.5%
HNNA Hennessy Advisors 0 -93.85K EXIT
Citadel Advisors 52.63K -81.1K -60.6%
Dimensional Fund Advisors 908.85K +71.46K +8.5%
Natixis 0 -58.14K EXIT
Jacobs Levy Equity Management 188.62K -57.19K -23.3%
First Eagle Investment Management 88.12K +48.61K +123.0%
BNP Paribas Arbitrage 135.99K +44.65K +48.9%

Financial report summary

?
Competition
Wayfair
Management Discussion
  • The primary drivers of the increase in our revenues are revenues from new contract awards, growth on existing contracts and the acquisitions we completed in the prior year. These increases were offset by contracts and tasks that ended during the year and reduced scope of work on some contracts including contracts with variable material purchase requirements. We expect revenues to increase in 2022 due to our recent acquisitions, growth on existing programs and new contracts.
  • The increase in cost of services was primarily due to increases in revenues. As a percentage of revenues, direct labor costs were 50% and 49% for the years ended December 31, 2021 and 2020, respectively. As a percentage of revenues, other direct costs, which include subcontractors and third party equipment and materials used in the performance of our contracts, were 36% for both the years ended December 31, 2021 and 2020. With COVID-19 mitigation protocols being reduced or lifted, direct labor has been impacted as employees have begun utilizing paid time off at a normalized level. Profitability has increased due to higher program profits including improved award fees as compared to the prior period.
  • The decrease in general and administrative expenses was primarily the result of changes in the classification of certain indirect cost allocations of approximately $30.1 million. These decreases were partially offset by a return to more normalized indirect spending compared to 2020, which experienced reduced travel, conference expenses and other indirect expenses due to the impacts of COVID-19. As a percentage of revenues, general and administrative expenses decreased for the year ended December 31, 2021 as compared to the same period in 2020. We expect general and administrative expenses as a percentage of revenue to increase slightly in 2022, due to higher amortization expenses and continued return to normalized indirect spending.

Content analysis

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Positive
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