← ARMSTRONG WORLD INDUSTRIES INC
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
| Net Income (Loss) Attributable to Parent | $104.7m |
$154.8m
+47.85%
|
$185.9m
+20.09%
|
$214.5m
+15.38%
|
($99.1m)
-146.20%
|
$183.2m
+284.86%
|
$202.9m
+10.75%
|
$223.8m
+10.30%
|
$264.9m
+18.36%
|
$308.7m
+16.53%
|
— | |
| Depreciation, Depletion and Amortization | $89.2m | $89.2m | $79.4m | $72.1m | $84.0m | $96.5m | $83.7m | $89.2m | $103.2m | $120.4m | $120.5m | |
| Amortization of Intangible Assets | $14.0m | $14.6m | $15.1m | $19.9m | $22.1m | $33.8m | $16.3m | $15.3m | $19.9m | $25.4m | — | |
| Depreciation Amortization Depletion | — | — | — | — | — | — | $83.7m | $89.2m | $103.2m | $120.4m | $120.5m | |
| Deferred Income Tax Expense (Benefit) | $36.7m | ($30.8m) | ($2.7m) | $18.6m | ($90.0m) | $8.7m | ($1.2m) | ($900k) | $700k | $24.0m | $30.3m | |
| Deferred Income Tax | — | — | — | — | — | — | ($1.6m) | ($800k) | $200k | $24.1m | $30.3m | |
| Deferred Tax | — | — | — | — | — | — | ($1.6m) | ($800k) | $200k | $24.1m | $30.3m | |
| Share-based Payment Arrangement, Noncash Expense | $12.4m | $10.2m | $14.0m | $9.5m | $6.8m | $11.3m | $14.3m | $18.8m | $18.3m | $21.9m | $21.9m | |
| Share-based Payment Arrangement, Expense | $12.1m | $9.8m | $12.9m | $8.4m | $6.9m | $11.3m | $14.3m | $18.8m | $18.3m | $21.9m | $21.9m | |
| Goodwill and Intangible Asset Impairment | — | — | — | — | — | — | — | — | — | $0 | — | |
| Impairment of Intangible Assets (Excluding Goodwill) | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | — | — | — | |
| Income (Loss) from Equity Method Investments | $73.1m | $67.0m | $74.9m | $96.6m | $64.0m | $87.7m | $77.6m | $89.3m | $103.4m | $112.3m | — | |
| Nonoperating Income (Expense) | — | $2.4m | $32.5m | $20.4m | $357.4m | ($5.6m) | $6.0m | $9.9m | $12.6m | $2.4m | — | |
| Other Nonoperating Income (Expense) | — | — | ($4.4m) | $300k | $1.0m | $200k | $200k | $500k | $100k | ($200k) | — | |
| Earnings (Loss)es From Equity Investments | — | — | — | — | — | — | ($77.6m) | ($89.3m) | ($103.4m) | ($112.3m) | ($114.5m) | |
| Changes in operating assets and liabilities: | ||||||||||||
| Change In Working Capital | — | — | — | — | — | — | ($49.3m) | ($2.8m) | ($18.5m) | ($8.9m) | ($14.8m) | |
| Change In Receivables | — | — | — | — | — | — | ($12.4m) | ($1.6m) | ($24.6m) | ($7.5m) | ($44.3m) | |
| Increase (Decrease) in Inventories | $7.0m | ($3.6m) | $8.9m | $7.2m | $7.7m | $10.6m | $19.7m | ($6.1m) | ($1.9m) | $12.8m | ($9.1m) | |
| Change In Inventory | — | — | — | — | — | — | ($19.7m) | $6.1m | $1.9m | ($12.8m) | ($9.1m) | |
| Change In Payables And Accrued Expense | — | — | — | — | — | — | ($1.8m) | $8.0m | $27.3m | $28.4m | $52.6m | |
| Net Cash Provided by (Used in) Operating Activities | $49.3m |
$170.4m
+245.64%
|
$203.2m
+19.25%
|
$182.7m
-10.09%
|
$218.8m
+19.76%
|
$187.2m
-14.44%
|
$182.4m
-2.56%
|
$233.5m
+28.02%
|
$266.8m
+14.26%
|
$355.5m
+33.25%
|
$358.8m
+0.93%
|
|
| Cash flows from investing activities: | ||||||||||||
| Gain (Loss) on Disposition of Property Plant Equipment | — | — | — | — | — | — | — | — | ($600k) | $800k | ($115.3m) | |
| Capital Expenditure | — | — | — | — | — | — | ($74.8m) | ($83.8m) | ($82.8m) | ($109.4m) | ($112.1m) | |
| Payments to Acquire Businesses, Net of Cash Acquired | — | — | — | — | $164.6m | $700k | $2.8m | $26.5m | — | $13.9m | ($29.6m) | |
| Payments for (Proceeds from) Other Investing Activities | — | — | — | ($1.3m) | — | — | — | — | — | — | — | |
| Net Other Investing Changes | — | — | — | — | — | — | $1.3m | $3.0m | $10.4m | $5.7m | $9.6m | |
| Net Cash Provided by (Used in) Investing Activities | ($17.0m) | ($54.2m) | $309.6m | ($89.1m) | ($141.1m) | ($13.9m) | $28.2m | ($10.4m) | ($79.3m) | ($3.6m) | ($61.7m) | |
| Cash flows from financing activities: | ||||||||||||
| Repayments of Long-term Debt | $434.1m | $25.0m | $32.5m | $825.4m | $6.3m | $25.0m | $468.7m | $0 | $22.5m | $427.5m | ($521.7m) | |
| Proceeds from Issuance of Long-term Debt | $363.5m | — | — | $500.0m | $0 | $0 | $450.0m | $0 | $0 | $410.6m | $525.6m | |
| Issuance Of Debt | — | — | — | — | — | — | $805.0m | $55.0m | $138.0m | $420.6m | $525.6m | |
| Long Term Debt Issuance | — | — | — | — | — | — | $805.0m | $55.0m | $138.0m | $420.6m | $525.6m | |
| Long Term Debt Payments | — | — | — | — | — | — | ($785.9m) | ($122.7m) | ($203.8m) | ($543.3m) | ($521.7m) | |
| Net Issuance Payments Of Debt | — | — | — | — | — | — | $19.1m | ($67.7m) | ($65.8m) | ($122.7m) | $3.9m | |
| Net Long Term Debt Issuance | — | — | — | — | — | — | $19.1m | ($67.7m) | ($65.8m) | ($122.7m) | $3.9m | |
| Net Short Term Debt Issuance | — | — | — | — | — | $0 | $0 | ($65.0m) | — | — | $3.0m | |
| Repayment Of Debt | — | — | — | — | — | — | ($785.9m) | ($122.7m) | ($203.8m) | ($543.3m) | ($521.7m) | |
| Short Term Debt Issuance | — | — | — | — | — | $0 | $0 | $55.0m | — | — | $163.0m | |
| Short Term Debt Payments | — | — | — | — | — | $0 | $0 | ($120.0m) | — | — | ($160.0m) | |
| Payments for Repurchase of Common Stock | $43.8m | $80.4m | $306.6m | $131.3m | $44.4m | $80.0m | $165.0m | $132.0m | $55.0m | $128.9m | — | |
| Common Stock Payments | — | — | — | — | — | — | ($167.0m) | ($1.8m) | ($4.9m) | ($8.7m) | ($93.7m) | |
| Net Common Stock Issuance | — | — | — | — | — | — | ($167.0m) | ($1.8m) | ($4.9m) | ($8.7m) | ($93.7m) | |
| Repurchase Of Capital Stock | — | — | — | — | — | — | ($167.0m) | ($1.8m) | ($4.9m) | ($8.7m) | ($93.7m) | |
| Dividends paid | — | — | $8.6m | $35.6m | $39.2m | $41.4m | $44.2m | $46.9m | $50.6m | $55.2m | ($58.2m) | |
| Cash Dividends Paid | — | — | — | — | — | — | ($44.2m) | ($46.9m) | ($50.6m) | ($55.2m) | ($58.2m) | |
| Proceeds from (Payments for) Other Financing Activities | — | — | — | — | — | — | — | — | — | ($400k) | — | |
| Net Other Financing Charges | — | — | — | — | — | — | ($9.8m) | ($142.2m) | ($56.3m) | ($132.7m) | ($150.8m) | |
| Net Cash Provided by (Used in) Financing Activities | ($128.9m) |
($102.7m)
+20.33%
|
($329.3m)
-220.64%
|
($384.9m)
-16.88%
|
$13.5m
+103.51%
|
($212.1m)
-1671.11%
|
($201.9m)
+4.81%
|
($258.6m)
-28.08%
|
($177.6m)
+31.32%
|
($319.3m)
-79.79%
|
($298.4m)
+6.55%
|
|
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | ($6.3m) | $4.2m | ($7.4m) | ($290.4m) | $91.6m | ($38.8m) | $7.9m | ($35.2m) | $8.5m | $33.4m | $79.4m | |
| Beginning Cash Position | — | — | — | — | — | — | $98.1m | $106.0m | $70.8m | $79.3m | $81.1m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | — | $45.3m | $136.9m | — | $106.0m | $70.8m | $79.3m | $112.7m | $79.4m | |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | ($6.3m) | $4.2m | ($7.4m) | $900k | $400k | $0 | ($800k) | $300k | ($1.4m) | $800k | ($800k) | |
| Effect Of Exchange Rate Changes | — | — | — | — | — | — | ($800k) | $300k | ($1.4m) | $800k | ($800k) | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | — | — | $29.9m | $33.1m | $24.1m | $21.5m | $26.9m | $33.9m | $37.4m | $29.7m | — | |
| Income Taxes Paid, Net | $33.7m | $32.1m | $51.6m | $58.4m | $10.9m | $52.5m | $63.2m | $72.1m | $87.6m | $69.3m | — | |
| Additional Financial Items | ||||||||||||
| Discontinued Operation, Gain (Loss) on Disposal of Discontinued Operation, Net of Tax | $15.3m | ($70.0m) | ($13.3m) | ($26.0m) | ($15.0m) | ($2.1m) | $3.0m | $0 | $0 | — | — | |
| Discontinued Operation, Income (Loss) from Discontinued Operation During Phase-out Period, Net of Tax | ($4.5m) | $4.2m | $9.6m | ($1.8m) | — | $0 | — | — | — | — | — | |
| Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal | — | ($74.1m) | ($19.3m) | — | — | — | — | — | — | — | — | |
| Foreign Currency Transaction Gain (Loss), before Tax | — | $600k | ($400k) | — | — | — | — | — | — | — | — | |
| Foreign Currency Transaction Gain (Loss), Unrealized | $3.6m | $2.6m | ($800k) | — | — | — | — | — | — | — | — | |
| Gain (Loss) on Derivative Instruments, Net, Pretax | — | — | — | — | — | $13.4m | $24.9m | ($12.1m) | ($2.2m) | — | — | |
| Gain (Loss) on Disposition of Assets | — | — | — | — | $21.0m | $0 | $0 | $0 | $600k | ($800k) | — | |
| Goodwill | — | $11.3m | $19.2m | $53.0m | $160.7m | $167.0m | $167.3m | $175.5m | $203.2m | $217.8m | $2.7m | |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent | $93.9m | $220.6m | $189.6m | $242.3m | ($84.1m) | $185.3m | $199.9m | $223.8m | $264.9m | — | — | |
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | $10.8m | ($65.8m) | ($3.7m) | ($27.8m) | ($15.0m) | ($2.1m) | $3.0m | $0 | $0 | — | — | |
| Income Tax Expense (Benefit) | $50.4m | $1.5m | $53.1m | $57.1m | ($42.6m) | $57.4m | $57.7m | $74.5m | $82.2m | $91.6m | — | |
| Payments of Financing Costs | $8.1m | $600k | — | $2.9m | — | $0 | $3.1m | $0 | $0 | $2.6m | — | |
| Proceeds from Stock Options Exercised | $700k | $3.3m | $18.4m | $14.5m | $4.7m | $2.5m | $1.8m | $200k | $1.4m | — | — | |
| Cash Flow From Continuing Financing Activities | — | — | — | — | — | — | ($201.9m) | ($258.6m) | ($177.6m) | ($318.9m) | ($298.4m) | |
| Cash Flow From Continuing Investing Activities | — | — | — | — | — | — | $28.2m | ($10.4m) | ($79.3m) | ($3.6m) | ($61.7m) | |
| Cash From Discontinued Investing Activities | — | — | — | — | — | ($11.8m) | $0 | $0 | — | — | — | |
| Change In Cash Supplemental As Reported | — | — | — | — | — | — | $7.9m | ($35.2m) | $8.5m | $33.4m | — | |
| Change In Other Working Capital | — | — | — | — | — | — | ($15.4m) | ($15.3m) | ($23.1m) | ($17.0m) | ($14.0m) | |
| Changes In Cash | — | — | — | — | — | — | $8.7m | ($35.5m) | $9.9m | $32.6m | ($1.7m) | |
| End Cash Position | — | — | — | — | — | — | $106.0m | $70.8m | $79.3m | $112.7m | $79.4m | |
| Financing Cash Flow | — | — | — | — | — | — | ($201.9m) |
($258.6m)
-28.08%
|
($177.6m)
+31.32%
|
($319.3m)
-79.79%
|
($298.4m)
+6.55%
|
|
| Free Cash Flow | — | — | — | — | — | — | $107.6m | $149.7m | $184.0m | $246.1m | $246.7m | |
| Gain Loss On Sale Of PPE | — | — | — | — | — | — | $0 | $0 | $600k | ($800k) | ($800k) | |
| Investing Cash Flow | — | — | — | — | — | — | $28.2m | ($10.4m) | ($79.3m) | ($3.6m) | ($61.7m) | |
| Net Business Purchase And Sale | — | — | — | — | — | — | $101.7m | $70.4m | ($31.2m) | $99.1m | $39.8m | |
| Net PPE Purchase And Sale | — | — | — | — | — | — | ($74.8m) | ($83.8m) | ($58.5m) | ($108.4m) | ($111.1m) | |
| Operating Gains Losses | — | — | — | — | — | — | ($77.6m) | ($89.3m) | ($102.8m) | ($113.1m) | ($115.3m) | |
| Other Non Cash Items | — | — | — | — | — | — | $10.0m | ($5.4m) | $1.5m | $2.4m | — | |
| Pension And Employee Benefit Expense | — | — | — | — | — | $100k | ($700k) | — | — | — | — | |
| Proceeds From Stock Option Exercised | — | — | — | — | — | ($3.6m) | ($2.0m) | ($1.8m) | — | — | — | |
| Purchase Of Business | — | — | — | — | — | — | ($2.8m) | ($26.5m) | ($129.0m) | ($13.9m) | ($29.6m) | |
| Purchase Of PPE | $104.2m | $89.7m | $71.9m | $71.3m | $55.4m | $79.8m | ($74.8m) | ($83.8m) | ($82.8m) | ($109.4m) | ($112.1m) | |
| Sale Of Business | — | — | — | — | — | — | $104.5m | $96.9m | $97.8m | $113.0m | $118.5m | |
| Sale Of PPE | — | — | — | — | — | — | $0 | $0 | $24.3m | $1.0m | $22.2m | |
| Stock Based Compensation | — | — | — | — | — | — | $14.3m | $18.8m | $18.3m | $21.9m | $21.9m |