Armstrong Flooring, Inc. (AFI) Financial Statements (2024 and earlier)

Company Profile

Business Address 1770 HEMPSTEAD ROAD
LANCASTER, PA 17605
State of Incorp. PA
Fiscal Year End December 31
Industry (SIC) 3089 - Plastics Products, Not Elsewhere Classified (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments  27,100173,80039,00030,600
Cash and cash equivalents  27,100173,80039,00030,600
Receivables43,00036,80039,60083,50078,400
Inventory, net of allowances, customer advances and progress billings122,900111,600139,500236,000272,100
Inventory122,900111,600139,500236,000272,100
Prepaid expense  5,7006,80015,40020,600
Derivative instruments and hedges, assets     1,600
Other undisclosed current assets44,4004,30011,20016,4001,600
Total current assets:210,300185,500370,900390,300404,900
Noncurrent Assets
Operating lease, right-of-use asset8,5006,000
Property, plant and equipment246,900277,200296,100418,100445,200
Intangible assets, net (including goodwill)19,00025,40032,00060,40042,600
Intangible assets, net (excluding goodwill)19,00025,40032,00060,40042,600
Prepaid expense     
Deferred income tax assets4,4005,300
Other noncurrent assets4,4002,8003,6007,3007,000
Prepaid pension costs200
Deferred tax assets, net5,6003,400 
Other undisclosed noncurrent assets     4,500
Total noncurrent assets:283,200316,700337,300489,200499,500
TOTAL ASSETS:493,500502,200708,200879,500904,400
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:113,700104,400141,400150,200163,000
Taxes payable   500800400
Employee-related liabilities 14,80013,80025,00016,50023,300
Accounts payable 78,50070,50099,500115,800123,400
Accrued liabilities     
Other undisclosed accounts payable and accrued liabilities 20,40020,10016,40017,10015,900
Debt8,40020028,700  
Other undisclosed current liabilities  500800400
Total current liabilities:122,100104,600170,600151,000163,400
Noncurrent Liabilities
Long-term debt and lease obligation77,20045,20070,60086,00021,200
Long-term debt, excluding current maturities71,40042,50070,60086,00021,200
Finance lease, liability  
Liabilities, other than long-term debt71,60084,10076,00092,50087,900
Accounts payable and accrued liabilities  2002003001,700
Deferred tax liabilities, net2,1004,400 
Deferred income tax liabilities2,4002,400
Liability, pension and other postretirement and postemployment benefits60,20075,70067,00078,40077,100
Other liabilities9,0005,8006,7009,4009,100
Operating lease, liability5,8002,700
Other undisclosed noncurrent liabilities    8,400
Total noncurrent liabilities:148,800129,300146,600178,500117,500
Total liabilities:270,900233,900317,200329,500280,900
Equity
Equity, attributable to parent222,600268,300391,000550,000623,500
Treasury stock, value(87,100)(88,900)(39,700)(39,900) 
Additional paid in capital677,400676,700678,600674,200673,300
Accumulated other comprehensive loss(59,300)(74,700)(61,600)(52,500)(59,800)
Retained earnings (accumulated deficit)(308,400)(244,800)(186,300)(31,800)10,000
Total equity:222,600268,300391,000550,000623,500
TOTAL LIABILITIES AND EQUITY:493,500502,200708,200879,500904,400

Income Statement (P&L) ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Revenues584,800626,300728,2001,133,7001,193,200
Revenue, net1,133,7001,193,200
Cost of revenue
(Cost of Goods and Services Sold)
(501,300)(541,000)(585,000)(963,600)(963,100)
Gross profit:83,50085,300143,200170,100230,100
Operating expenses(145,200)(146,400)(160,600)(204,600)(211,200)
Other undisclosed operating income (loss)   (12,500) 
Operating income (loss):(61,700)(61,100)(17,400)(47,000)18,900
Nonoperating expense
(Other Nonoperating expense)
  (1,800)(2,900)(200)(5,800)
Interest and debt expense(7,500)(4,400)(4,800)(2,800)(1,500)
Income (loss) from continuing operations before equity method investments, income taxes:(69,200)(67,300)(25,100)(50,000)11,600
Other undisclosed income from continuing operations before income taxes4,800    
Income (loss) from continuing operations before income taxes:(64,400)(67,300)(25,100)(50,000)11,600
Income tax expense (benefit)800(1,600)6,0008,200(4,100)
Income (loss) from continuing operations:(63,600)(68,900)(19,100)(41,800)7,500
Income (loss) before gain (loss) on sale of properties:(63,600)(68,900)(19,100)(41,800)7,500
Net income (loss):(63,600)(68,900)(19,100)(41,800)7,500
Other undisclosed net income (loss) attributable to parent  10,400(143,900) 1,700
Net income (loss) available to common stockholders, diluted:(63,600)(58,500)(163,000)(41,800)9,200

Comprehensive Income ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Net income (loss):(63,600)(68,900)(19,100)(41,800)7,500
Comprehensive income (loss):(63,600)(68,900)(19,100)(41,800)7,500
Other undisclosed comprehensive income (loss), net of tax, attributable to parent15,400(2,700)(140,400)7,300(5,900)
Comprehensive income (loss), net of tax, attributable to parent:(48,200)(71,600)(159,500)(34,500)1,600

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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