Armstrong Flooring, Inc. (AFI) financial statements (2021 and earlier)

Company profile

Business Address 2500 COLUMBIA AVENUE
LANCASTER, PA 17603
State of Incorp. PA
Fiscal Year End December 31
SIC 3089 - Plastics Products, Not Elsewhere Classified (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

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 271743931
Cash and cash equivalents 271743931
Receivables4337408478
Inventory, net of allowances, customer advances and progress billings123112140236272
Inventory123112140236272
Prepaid expense 671521
Derivative instruments and hedges, assets    2
Other undisclosed current assets44411162
Total current assets:210186371390405
Noncurrent Assets
Operating lease, right-of-use asset96
Property, plant and equipment247277296418445
Intangible assets, net (including goodwill)1925326043
Intangible assets, net (excluding goodwill)1925326043
Deferred income tax assets45
Other noncurrent assets43477
Prepaid pension costs0
Deferred tax assets, net63 
Other undisclosed noncurrent assets    5
Total noncurrent assets:283317337489500
TOTAL ASSETS:494502708880904
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:114104141150163
Accounts payable7971100116123
Employee-related liabilities1514251723
Taxes payable  110
Other undisclosed accounts payable and accrued liabilities2020161716
Debt8029  
Other undisclosed current liabilities  110
Total current liabilities:122105171151163
Noncurrent Liabilities
Long-term debt and lease obligation7745718621
Long-term debt, excluding current maturities7143718621
Operating lease, liability63
Liabilities, other than long-term debt7284769388
Accounts payable and accrued liabilities 0002
Deferred tax liabilities, net24 
Deferred income tax liabilities22
Liability, pension and other postretirement and postemployment benefits6076677877
Other liabilities96799
Other undisclosed noncurrent liabilities    8
Total noncurrent liabilities:149129147179118
Total liabilities:271234317330281
Stockholders' equity
Stockholders' equity attributable to parent223268391550624
Treasury stock, value(87)(89)(40)(40) 
Additional paid in capital677677679674673
Accumulated other comprehensive loss(59)(75)(62)(53)(60)
Retained earnings (accumulated deficit)(308)(245)(186)(32)10
Total stockholders' equity:223268391550624
TOTAL LIABILITIES AND EQUITY:494502708880904

Income statement (P&L) ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Revenues5856267281,1341,193
Revenue, net1,1341,193
Cost of revenue
(Cost of Goods and Services Sold)
(501)(541)(585)(964)(963)
Gross profit:8485143170230
Operating expenses(145)(146)(161)(205)(211)
Other undisclosed operating loss   (13) 
Operating income (loss):(62)(61)(17)(47)19
Nonoperating expense
(Other Nonoperating expense)
 (2)(3)(0)(6)
Interest and debt expense(8)(4)(5)(3)(2)
Income (loss) from continuing operations before equity method investments, income taxes:(69)(67)(25)(50)12
Other undisclosed income from continuing operations before income taxes5    
Income (loss) from continuing operations before income taxes:(64)(67)(25)(50)12
Income tax expense (benefit)1(2)68(4)
Net income (loss):(64)(69)(19)(42)8
Other undisclosed net income (loss) attributable to parent 10(144) 2
Net income (loss) available to common stockholders, diluted:(64)(59)(163)(42)9

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Net income (loss):(64)(69)(19)(42)8
Comprehensive income (loss):(64)(69)(19)(42)8
Other undisclosed comprehensive income (loss), net of tax, attributable to parent15(3)(140)7(6)
Comprehensive income (loss), net of tax, attributable to parent:(48)(72)(160)(35)2

Statements sources

The financial statements are based on the company's filings with the 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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