Six-Year
Financials
(Dollar amounts in millions, except per share data) 2019 2018 2017 2016 2015 2014
Total Shareholder Return, or TSR(1)          
L&P 3-year TSR Rank among S&P 500 (1% is best) 67% 76% 56% 11% 31% 25%
Leggett & Platt – annual TSR 47% (22%) 1% 20% 1% 43%
S&P 500 Index – annual TSR 31% (4%) 22% 12% 1% 14%
Summary of Continuing Operations            
Net sales
$4,753
$4,270
$3,944
$3,750
$3,917
$3,782
EBIT (earnings before interest and taxes) 513 437 468 522 487 332
Adjusted EBIT(2) 529 473 468 492 510 386
EBIT margin 10.8% 10.2% 11.9% 13.9% 12.4% 8.8%
Adjusted EBIT margin(2) 11.1% 11.1% 11.9% 13.1% 13.0% 10.2%
Summary of Earnings            
Net earnings from continuing operations 334 306 294 367 328 225
Net earnings attributable to L&P 334 306 293 386 325 98
EPS (earnings per diluted share)
  from continuing operations
2.47 2.26 2.14 2.62 2.27 1.55
Adjusted EPS from continuing operations(2) 2.57 2.48 2.46 2.49 2.36 1.78
EPS (including discontinued operations) 2.47 2.26 2.13 2.76 2.28 0.68
Common Stock Data            
Cash dividends declared per share 1.58 1.50 1.42 1.34 1.26 1.22
Dividend yield (based on stock price at start of year) 4.4% 3.1% 2.9% 3.2% 3.0% 3.9%
Dividend payout ratio(2)(3) 61% 60% 58% 54% 53% 69%
End-of-year shares outstanding (millions) 131.8 130.5 131.9 133.5 135.6 137.8
Average diluted shares outstanding (millions) 135.4 135.2 137.3 140.0 142.9 143.2
Year-End Financial Position            
Cash and cash equivalents
$248
$268
$526
$282
$253
$333
Total assets 4,816 3,382 3,551 2,984 2,964 3,136
Long-term debt + current debt maturities 2,118 1,169 1,252 960 945 964
Equity 1,313 1,158 1,191 1,094 1,098 1,155
Debt to adjusted EBITDA(2)(4) 2.9x 1.9x 2.1x 1.6x 1.5x 1.9x
Return on invested capital(2)(5) 15.3% 18.9% 19.7% 21.1% 20.6% 15.1%
Cash Flow Components            
Net cash provided by operating activities
$668
$440
$444
$553
$359
$382
Dividends paid 205 194 186 177 172 168
Capital expenditures 143 160 159 124 103 94
Acquisitions, net of cash acquired 1,265 109 39 30 11 70
Stock repurchases, net 7 108 155 193 183 128