Armstrong Flooring, Inc. (AFI) financial statements (2022 and earlier)

Company profile

Business Address 1770 HEMPSTEAD ROAD
LANCASTER, PA 17605
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)

12/31/2021
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  271743931
Cash and cash equivalents  271743931
Receivables534337408478
Inventory, net of allowances, customer advances and progress billings146123112140236272
Inventory146123112140236272
Prepaid expense  671521
Derivative instruments and hedges, assets     2
Other undisclosed current assets2544411162
Total current assets:225210186371390405
Noncurrent Assets
Operating lease, right-of-use asset1996
Property, plant and equipment231247277296418445
Intangible assets, net (including goodwill)121925326043
Intangible assets, net (excluding goodwill)121925326043
Prepaid expense23     
Deferred income tax assets445
Other noncurrent assets443477
Prepaid pension costs0
Deferred tax assets, net63 
Other undisclosed noncurrent assets     5
Total noncurrent assets:292283317337489500
TOTAL ASSETS:517494502708880904
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:23114104141150163
Accounts payable 7971100116123
Accrued liabilities23     
Employee-related liabilities 1514251723
Taxes payable   110
Other undisclosed accounts payable and accrued liabilities 2020161716
Debt1068029  
Other undisclosed current liabilities114  110
Total current liabilities:243122105171151163
Noncurrent Liabilities
Long-term debt and lease obligation187745718621
Long-term debt, excluding current maturities17143718621
Finance lease, liability1  
Operating lease, liability1763
Liabilities, other than long-term debt587284769388
Accounts payable and accrued liabilities  0002
Deferred tax liabilities, net24 
Deferred income tax liabilities122
Liability, pension and other postretirement and postemployment benefits516076677877
Other liabilities596799
Other undisclosed noncurrent liabilities(1)    8
Total noncurrent liabilities:75149129147179118
Total liabilities:318271234317330281
Stockholders' equity
Stockholders' equity attributable to parent199223268391550624
Treasury stock, value(85)(87)(89)(40)(40) 
Additional paid in capital678677677679674673
Accumulated other comprehensive loss(38)(59)(75)(62)(53)(60)
Retained earnings (accumulated deficit)(356)(308)(245)(186)(32)10
Total stockholders' equity:199223268391550624
TOTAL LIABILITIES AND EQUITY:517494502708880904

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Revenues6505856267281,1341,193
Revenue, net1,1341,193
Cost of revenue
(Cost of Goods and Services Sold)
(576)(501)(541)(585)(964)(963)
Gross profit:748485143170230
Operating expenses(161)(145)(146)(161)(205)(211)
Other undisclosed operating income (loss)46   (13) 
Operating income (loss):(41)(62)(61)(17)(47)19
Nonoperating expense
(Other Nonoperating expense)
  (2)(3)(0)(6)
Interest and debt expense(22)(8)(4)(5)(3)(2)
Income (loss) from continuing operations before equity method investments, income taxes:(62)(69)(67)(25)(50)12
Other undisclosed income from continuing operations before income taxes95    
Income (loss) from continuing operations before income taxes:(54)(64)(67)(25)(50)12
Income tax expense (benefit)11(2)68(4)
Net income (loss):(53)(64)(69)(19)(42)8
Other undisclosed net income (loss) attributable to parent  10(144) 2
Net income (loss) available to common stockholders, diluted:(53)(64)(59)(163)(42)9

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Net income (loss):(53)(64)(69)(19)(42)8
Comprehensive income (loss):(53)(64)(69)(19)(42)8
Other undisclosed comprehensive income (loss), net of tax, attributable to parent2215(3)(140)7(6)
Comprehensive income (loss), net of tax, attributable to parent:(31)(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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