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)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments671743931
Cash and cash equivalents671743931
Receivables44408478
Inventory, net of allowances, customer advances and progress billings112140236272
Inventory112140236272
Prepaid expense671521
Derivative instruments and hedges, assets   2
Other current assets2   
Other undisclosed current assets311162
Total current assets:232371390405
Noncurrent Assets
Operating lease, right-of-use asset7
Property, plant and equipment281296418445
Intangible assets, net (including goodwill)27326043
Intangible assets, net (excluding goodwill)27326043
Deferred income tax assets6
Other noncurrent assets3477
Prepaid pension costs0
Deferred tax assets, net63 
Other undisclosed noncurrent assets   5
Total noncurrent assets:323337489500
TOTAL ASSETS:555708880904
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:105141150163
Accounts payable72100116123
Accrued liabilities15   
Employee-related liabilities14251723
Taxes payable 110
Other undisclosed accounts payable and accrued liabilities4161716
Debt429  
Other undisclosed current liabilities 110
Total current liabilities:109171151163
Noncurrent Liabilities
Long-term debt and lease obligation71718621
Long-term debt, excluding current maturities68718621
Operating lease, liability3
Liabilities, other than long-term debt69769388
Accounts payable and accrued liabilities0002
Deferred tax liabilities, net24 
Deferred income tax liabilities2
Liability, pension and other postretirement and postemployment benefits60677877
Other liabilities7799
Other undisclosed noncurrent liabilities   8
Total noncurrent liabilities:140147179118
Total liabilities:249317330281
Stockholders' equity
Stockholders' equity attributable to parent307391550624
Treasury stock, value(89)(40)(40) 
Additional paid in capital678679674673
Accumulated other comprehensive loss(63)(62)(53)(60)
Retained earnings (accumulated deficit)(220)(186)(32)10
Total stockholders' equity:307391550624
TOTAL LIABILITIES AND EQUITY:555708880904

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

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
Revenues3407281,1341,193
Revenue, net1,1341,193
Cost of revenue
(Cost of Goods and Services Sold)
(289)(585)(964)(963)
Gross profit:51143170230
Operating expenses(124)(161)(205)(211)
Other undisclosed operating loss  (13) 
Operating income (loss):(74)(17)(47)19
Nonoperating expense
(Other Nonoperating expense)
(2)(3)(0)(6)
Interest and debt expense(5)(5)(3)(2)
Income (loss) from continuing operations before income taxes:(80)(25)(50)12
Income tax expense (benefit)1268(4)
Net income (loss):(68)(19)(42)8
Other undisclosed net income (loss) attributable to parent(136)(144) 2
Net income (loss) available to common stockholders, diluted:(204)(163)(42)9

Comprehensive Income ($ in millions)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
Net income (loss):(68)(19)(42)8
Comprehensive income (loss):(68)(19)(42)8
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(134)(140)7(6)
Comprehensive income (loss), net of tax, attributable to parent:(202)(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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