Armstrong World Industries Inc (AWI) Financial Statements (2024 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)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments106,00098,100136,90045,300325,700159,600
Cash and cash equivalents106,00098,100136,90045,300325,700159,600
Receivables112,400109,10078,30085,10079,90090,800
Inventory, net of allowances, customer advances and progress billings110,00090,20081,50068,50061,20053,800
Inventory110,00090,20081,50068,50061,20053,800
Disposal group, including discontinued operation     279,500306,100
Other current assets26,30023,10012,80015,5004,8007,900
Other undisclosed current assets1,8001,4002,30030,0001,70030,700
Total current assets:356,500321,900311,800244,400752,800648,900
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization16,00018,40020,400 
Operating lease, right-of-use asset18,80021,00019,20035,300
Nontrade receivables  6006002,5008004,100
Property, plant and equipment554,400542,800529,900524,600501,000499,900
Long-term investments and receivables23,90050,00041,20058,50040,800107,300
Long-term investments23,90050,00041,20058,50040,800107,300
Intangible assets, net (including goodwill), including:575,000588,400618,200464,900442,000441,100
Goodwill167,300167,000160,70053,00019,20011,300
Intangible assets, net (excluding goodwill)407,700421,400457,500411,900101,500110,000
Other undisclosed intangible assets, net (including goodwill)     321,300319,800
Deferred income tax assets    10,400
Other noncurrent assets59,40057,90057,70057,90068,50064,300
Other undisclosed noncurrent assets83,200109,000119,50094,80067,600107,900
Total noncurrent assets:1,330,7001,388,1001,406,7001,248,9001,120,7001,224,600
TOTAL ASSETS:1,687,2001,710,0001,718,5001,493,3001,873,5001,873,500
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:172,500174,900136,500148,700383,300108,400
Taxes payable1,9004,000200900500
Employee-related liabilities30,30017,60016,50018,60018,000
Accounts payable127,400126,10098,00089,40093,80078,800
Accrued liabilities22,100     
Other undisclosed accounts payable and accrued liabilities23,00016,60016,90042,600270,00011,100
Debt2,20027,20027,0006,30055,00032,500
Disposal group, including discontinued operation     110,300128,500
Other undisclosed current liabilities8,0007,5008,800200900500
Total current liabilities:182,700209,600172,300155,200549,500269,900
Noncurrent Liabilities
Long-term debt and lease obligation665,700638,800723,900634,600764,800817,700
Long-term debt, excluding current maturities651,100606,400690,500604,500764,800817,700
Finance lease, liability14,60016,80018,800 
Liabilities, other than long-term debt303,800341,900371,400338,600298,000366,600
Accounts payable and accrued liabilities13,10020,30021,20019,30026,50053,000
Deferred tax liabilities, net124,400141,700
Deferred income tax liabilities169,300166,900158,400163,900
Liability, pension and other postretirement and postemployment benefits82,400108,000115,300117,600109,100136,400
Other liabilities25,80046,70076,50037,80038,00035,500
Operating lease, liability13,20015,60014,60030,100
Total noncurrent liabilities:969,500980,7001,095,300973,2001,062,8001,184,300
Total liabilities:1,152,2001,190,3001,267,6001,128,4001,612,3001,454,200
Equity
Equity, attributable to parent535,000519,700450,900364,900261,200419,300
Common stock600600600600600600
Treasury stock, value(1,109,000)(944,000)(863,900)(823,500)(692,200)(385,600)
Additional paid in capital573,600561,300553,700555,700547,400516,800
Accumulated other comprehensive loss(100,100)(109,600)(109,300)(376,100)(459,600)(345,900)
Retained earnings1,169,9001,011,400869,8001,008,200865,000633,400
Total equity:535,000519,700450,900364,900261,200419,300
TOTAL LIABILITIES AND EQUITY:1,687,2001,710,0001,718,5001,493,3001,873,5001,873,500

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

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues1,233,1001,106,600936,9001,038,100975,300893,600
Revenue, net893,600
Cost of revenue
(Cost of Goods and Services Sold)
(784,000)(701,000)(603,800)(643,000)(641,800)(569,800)
Gross profit:449,100405,600333,100395,100333,500323,800
Operating expenses(237,000)(237,400)(142,300)(174,300)(159,000)(135,700)
Other undisclosed operating income66,60091,80064,00096,60074,90067,000
Operating income:278,700260,000254,800317,400249,400255,100
Nonoperating income (expense)6,000(5,600)357,40020,40032,5002,400
Gain (loss), foreign currency transaction, before tax     (400)600
Interest and debt expense(27,100)(22,900)(24,100)(38,400)(39,200)(35,400)
Income from continuing operations before equity method investments, income taxes:257,600231,500588,100299,400242,700222,100
Other undisclosed income (loss) from continuing operations before income taxes  11,200(714,800)   
Income (loss) from continuing operations before income taxes:257,600242,700(126,700)299,400242,700222,100
Income tax expense (benefit)(57,700)(57,400)42,600(57,100)(53,100)(1,500)
Income (loss) from continuing operations:199,900185,300(84,100)242,300189,600220,600
Income (loss) before gain (loss) on sale of properties:183,200(99,100)214,500185,900154,800
Income (loss) from discontinued operations 3,000(2,100)(15,000)(27,800)(3,700)(65,800)
Net income (loss) available to common stockholders, diluted:202,900183,200(99,100)214,500185,900154,800

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):202,900183,200(99,100)214,500185,900154,800
Other comprehensive income (loss)9,500(300)266,80083,400(59,400)57,900
Comprehensive income, net of tax, attributable to parent:212,400182,900167,700297,900126,500212,700

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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