Armstrong Flooring, Inc. (AFI) financial statements (2020 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)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments271743931
Cash and cash equivalents271743931
Receivables37408478
Inventory, net of allowances, customer advances and progress billings112140236272
Inventory112140236272
Prepaid expense671521
Derivative instruments and hedges, assets   2
Other undisclosed current assets411162
Total current assets:186371390405
Noncurrent Assets
Operating lease, right-of-use asset6
Property, plant and equipment277296418445
Intangible assets, net (including goodwill)25326043
Intangible assets, net (excluding goodwill)25326043
Deferred income tax assets5
Other noncurrent assets3477
Prepaid pension costs0
Deferred tax assets, net63 
Other undisclosed noncurrent assets   5
Total noncurrent assets:317337489500
TOTAL ASSETS:502708880904
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:104141150163
Accounts payable71100116123
Employee-related liabilities14251723
Taxes payable 110
Other undisclosed accounts payable and accrued liabilities20161716
Debt029  
Other undisclosed current liabilities 110
Total current liabilities:105171151163
Noncurrent Liabilities
Long-term debt and lease obligation45718621
Long-term debt, excluding current maturities43718621
Operating lease, liability3
Liabilities, other than long-term debt84769388
Accounts payable and accrued liabilities0002
Deferred tax liabilities, net24 
Deferred income tax liabilities2
Liability, pension and other postretirement and postemployment benefits76677877
Other liabilities6799
Other undisclosed noncurrent liabilities   8
Total noncurrent liabilities:129147179118
Total liabilities:234317330281
Stockholders' equity
Stockholders' equity attributable to parent268391550624
Treasury stock, value(89)(40)(40) 
Additional paid in capital677679674673
Accumulated other comprehensive loss(75)(62)(53)(60)
Retained earnings (accumulated deficit)(245)(186)(32)10
Total stockholders' equity:268391550624
TOTAL LIABILITIES AND EQUITY:502708880904

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
Revenues6267281,1341,193
Revenue, net1,1341,193
Cost of revenue
(Cost of Goods and Services Sold)
(541)(585)(964)(963)
Gross profit:85143170230
Operating expenses(146)(161)(205)(211)
Other undisclosed operating loss  (13) 
Operating income (loss):(61)(17)(47)19
Nonoperating expense
(Other Nonoperating expense)
(2)(3)(0)(6)
Interest and debt expense(4)(5)(3)(2)
Income (loss) from continuing operations before income taxes:(67)(25)(50)12
Income tax expense (benefit)(2)68(4)
Net income (loss):(69)(19)(42)8
Other undisclosed net income (loss) attributable to parent10(144) 2
Net income (loss) available to common stockholders, diluted:(59)(163)(42)9

Comprehensive Income ($ in millions)

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