Armstrong World Industries Inc (AWI) financial statements (2022 and earlier)

Company profile

Business Address 2500 COLUMBIA AVE
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)
Annual | Quarterly

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 investments9813745326160142
Cash and cash equivalents9813745326160142
Receivables10978858091108
Inventory, net of allowances, customer advances and progress billings9082696154109
Inventory9082696154109
Disposal group, including discontinued operation   280306 
Other current assets2313165821
Other undisclosed current assets123023126
Total current assets:322312244753649406
Noncurrent Assets
Finance lease, right-of-use asset1820 ✕✕✕
Operating lease, right-of-use asset211935✕✕✕
Nontrade receivables113146
Property, plant and equipment543530525501500670
Long-term investments and receivables50415941107106
Long-term investments50415941107106
Intangible assets, net (including goodwill), including:588618465442441433
Goodwill167161531911 
Intangible assets, net (excluding goodwill)421458412102110433
Other undisclosed intangible assets, net (including goodwill)   321320 
Deferred income tax assets  10✕✕✕
Other noncurrent assets585858696465
Defined benefit plan, assets for plan benefits✕✕✕✕✕57
Other undisclosed noncurrent assets109120956810815
Total noncurrent assets:1,3881,4071,2491,1211,2251,352
TOTAL ASSETS:1,7101,7191,4931,8741,8741,758
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:175137149383108197
Accounts payable12698899479139
Employee-related liabilities301817191834
Taxes payable240112
Other undisclosed accounts payable and accrued liabilities1717432701123
Debt27276553325
Disposal group, including discontinued operation   110129 
Other undisclosed current liabilities890112
Total current liabilities:210172155550270224
Noncurrent Liabilities
Long-term debt and lease obligation639724635765818849
Long-term debt, excluding current maturities606691605765818849
Finance lease, liability1719 ✕✕✕
Operating lease, liability161530✕✕✕
Liabilities, other than long-term debt342371339298367419
Accounts payable and accrued liabilities202119275362
Deferred tax liabilities, net✕✕✕124142157
Deferred income tax liabilities167158164✕✕✕
Liability, pension and other postretirement and postemployment benefits108115118109136171
Other liabilities477738383629
Total noncurrent liabilities:9811,0959731,0631,1841,268
Total liabilities:1,1901,2681,1281,6121,4541,492
Stockholders' equity
Stockholders' equity attributable to parent520451365261419266
Common stock111111
Treasury stock, value(944)(864)(824)(692)(386)(305)
Additional paid in capital561554556547517505
Accumulated other comprehensive loss(110)(109)(376)(460)(346)(404)
Retained earnings1,0118701,008865633470
Total stockholders' equity:520451365261419266
TOTAL LIABILITIES AND EQUITY:1,7101,7191,4931,8741,8741,758

Income statement (P&L) ($ in millions)
Annual | Quarterly

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Revenues1,1079371,0389758941,235
Revenue, net✕✕✕✕8941,235
Cost of revenue
(Cost of Goods and Services Sold)		(701)(604)(643)(642)(570)(863)
Gross profit:406333395334324371
Operating expenses(237)(142)(174)(159)(136)(260)
Other undisclosed operating income926497756773
Operating income:260255317249255185
Nonoperating income (expense)(6)3572033210
Foreign currency transaction gain (loss), before tax   (0)1 
Other nonoperating income (expense)010(4) 10
Interest and debt expense(23)(24)(38)(39)(35)(50)
Income from continuing operations before equity method investments, income taxes:232588299243222144
Other undisclosed income (loss) from continuing operations before income taxes11(715)    
Income (loss) from continuing operations before income taxes:243(127)299243222144
Income tax expense (benefit)(57)43(57)(53)(2)(50)
Income (loss) from continuing operations:185(84)24219022194
Income (loss) from discontinued operations(2)(15)(28)(4)(66)11
Net income (loss) available to common stockholders, diluted:183(99)215186155105

Comprehensive Income ($ in millions)
Annual | Quarterly

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Net income (loss):183(99)215186155105
Other comprehensive income (loss)(0)26783(59)5824
Comprehensive income, net of tax, attributable to parent:183168298127213128

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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