Armstrong World Industries Inc (AWI) Financial Statements (2025 and earlier)

Company Profile

Business Address 2500 COLUMBIA AVE
LANCASTER, PA 17603
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)

9/30/2024
MRQ
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments70,800106,00098,100136,90045,300325,700
Cash and cash equivalents70,800106,00098,100136,90045,300325,700
Receivables111,000112,400109,10078,30085,10079,900
Inventory, net of allowances, customer advances and progress billings104,000110,00090,20081,50068,50061,200
Inventory104,000110,00090,20081,50068,50061,200
Prepaid expense      
Derivative instruments and hedges, assets      
Disposal group, including discontinued operation      279,500
Asset, held-for-sale, not part of disposal group      
Other current assets26,40026,30023,10012,80015,5004,800
Other undisclosed current assets8001,8001,4002,30030,0001,700
Total current assets:313,000356,500321,900311,800244,400752,800
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization25,20016,00018,40020,400 
Operating lease, right-of-use asset26,60018,80021,00019,20035,300
Nontrade receivables   6006002,500800
Property, plant and equipment566,400554,400542,800529,900524,600501,000
Long-term investments and receivables17,40023,90050,00041,20058,50040,800
Long-term investments17,40023,90050,00041,20058,50040,800
Intangible assets, net (including goodwill), including:587,900575,000588,400618,200464,900442,000
Goodwill175,500167,300167,000160,70053,00019,200
Intangible assets, net (excluding goodwill)412,400407,700421,400457,500411,900101,500
Other undisclosed intangible assets, net (including goodwill)      321,300
Deferred costs      
Deferred income tax assets     10,400
Other noncurrent assets51,30059,40057,90057,70057,90068,500
Other undisclosed noncurrent assets84,60083,200109,000119,50094,80067,600
Total noncurrent assets:1,359,4001,330,7001,388,1001,406,7001,248,9001,120,700
TOTAL ASSETS:1,672,4001,687,2001,710,0001,718,5001,493,3001,873,500
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:159,900172,500174,900136,500148,700383,300
Taxes payable1,9004,000200900
Employee-related liabilities30,30017,60016,50018,600
Accounts payable118,300127,400126,10098,00089,40093,800
Accrued liabilities35,90022,100    
Other undisclosed accounts payable and accrued liabilities5,70023,00016,60016,90042,600270,000
Debt25,5002,20027,20027,0006,30055,000
Postemployment benefits liability      
Disposal group, including discontinued operation      110,300
Other undisclosed current liabilities9,1008,0007,5008,800200900
Total current liabilities:194,500182,700209,600172,300155,200549,500
Noncurrent Liabilities
Long-term debt and lease obligation587,700665,700638,800723,900634,600764,800
Long-term debt, excluding current maturities564,300651,100606,400690,500604,500764,800
Finance lease, liability23,40014,60016,80018,800 
Liabilities, other than long-term debt298,400303,800341,900371,400338,600298,000
Accounts payable and accrued liabilities15,00013,10020,30021,20019,30026,500
Deferred compensation liability, classified      
Deferred tax liabilities, net124,400
Deferred income tax liabilities166,900169,300166,900158,400163,900
Liability, pension and other postretirement and postemployment benefits69,30082,400108,000115,300117,600109,100
Other liabilities26,80025,80046,70076,50037,80038,000
Operating lease, liability20,40013,20015,60014,60030,100
Business combination, contingent consideration, liability      
Derivative instruments and hedges, liabilities      
Other undisclosed noncurrent liabilities      
Total noncurrent liabilities:886,100969,500980,7001,095,300973,2001,062,800
Total liabilities:1,080,6001,152,2001,190,3001,267,6001,128,4001,612,300
Equity
Equity, attributable to parent591,800535,000519,700450,900364,900261,200
Common stock600600600600600600
Treasury stock, value(1,242,400)(1,109,000)(944,000)(863,900)(823,500)(692,200)
Additional paid in capital591,700573,600561,300553,700555,700547,400
Accumulated other comprehensive loss(104,700)(100,100)(109,600)(109,300)(376,100)(459,600)
Retained earnings1,346,6001,169,9001,011,400869,8001,008,200865,000
Total equity:591,800535,000519,700450,900364,900261,200
TOTAL LIABILITIES AND EQUITY:1,672,4001,687,2001,710,0001,718,5001,493,3001,873,500

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

9/30/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues1,295,2001,233,1001,106,600936,9001,038,100975,300
Cost of revenue
(Cost of Goods and Services Sold)
(798,200)(784,000)(701,000)(603,800)(643,000)(641,800)
Gross profit:497,000449,100405,600333,100395,100333,500
Operating expenses(262,500)(237,000)(237,400)(142,300)(174,300)(159,000)
Other undisclosed operating income89,20066,60091,80064,00096,60074,900
Operating income:323,700278,700260,000254,800317,400249,400
Nonoperating income (expense)9,9006,000(5,600)357,40020,40032,500
Interest and debt expense(35,300)(27,100)(22,900)(24,100)(38,400)(39,200)
Income from continuing operations before equity method investments, income taxes:298,300257,600231,500588,100299,400242,700
Income from equity method investments      
Other undisclosed income (loss) from continuing operations before income taxes  11,200(714,800)  
Income (loss) from continuing operations before income taxes:298,300257,600242,700(126,700)299,400242,700
Income tax expense (benefit)(74,500)(57,700)(57,400)42,600(57,100)(53,100)
Income (loss) from continuing operations:223,800199,900185,300(84,100)242,300189,600
Income (loss) before gain (loss) on sale of properties:183,200(99,100)214,500185,900
Income (loss) from discontinued operations  3,000(2,100)(15,000)(27,800)(3,700)
Net income (loss) attributable to parent:223,800202,900183,200(99,100)214,500185,900
Undistributed earnings (loss) allocated to participating securities, basic (100)     
Net income (loss) available to common stockholders, diluted:223,700202,900183,200(99,100)214,500185,900

Comprehensive Income ($ in thousands)

9/30/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income (loss):223,800202,900183,200(99,100)214,500185,900
Other comprehensive income (loss)(4,600)9,500(300)266,80083,400(59,400)
Comprehensive income, net of tax, attributable to parent:219,200212,400182,900167,700297,900126,500

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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