AFI · Armstrong Flooring, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|
| Revenue | $649.90M | $584.80M | $626.30M | $710.10M | $1.13B | $1.19B |
| Cost of Revenue | $575.80M | $501.30M | $541.00M | $554.50M | - | - |
| Gross Profit | $74.10M | $83.50M | $85.30M | $143.20M | $170.10M | $230.10M |
| R&D | - | - | - | - | - | $12.70M |
| SG&A | $160.90M | $145.20M | $146.40M | $160.60M | $204.60M | $211.20M |
| Total Operating Expenses | - | - | - | - | - | - |
| D&A | $43.30M | $47.80M | $50.70M | $55.10M | $78.70M | $46.60M |
| Operating Income | ($40.80M) | ($61.70M) | ($61.10M) | ($17.40M) | ($47.00M) | $18.90M |
| Interest Expense | $12.00M | $7.50M | $4.40M | $4.80M | $2.80M | $1.50M |
| Income Tax | ($500.0K) | ($800.0K) | $1.60M | ($6.00M) | ($8.20M) | $4.10M |
| Net Income | ($53.00M) | ($63.60M) | ($58.50M) | ($163.00M) | ($41.80M) | $9.20M |
| EPS - Basic | ($2.41) | ($2.90) | ($2.42) | ($6.27) | ($1.54) | $0.33 |
| EPS - Diluted | ($2.41) | ($2.90) | ($2.42) | ($6.27) | ($1.54) | $0.33 |
Balance Sheet
| Line item | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $9.70M | $13.70M | $27.10M | $173.80M | $39.00M | $22.90M |
| Accounts Receivable | - | - | - | - | - | - |
| Inventory | $146.30M | $122.90M | $111.60M | $139.50M | $236.00M | $272.10M |
| Accounts Payable | - | $78.50M | $70.50M | $99.50M | $115.80M | $123.40M |
| Current Assets | $224.60M | $210.30M | $185.50M | $370.90M | $390.30M | $404.90M |
| Total Assets | $517.00M | $493.50M | $502.20M | $708.20M | $879.50M | $904.40M |
| Current Liabilities | $242.60M | $122.10M | $104.60M | $170.60M | $151.00M | $163.40M |
| Long-term Debt | $700.0K | $71.40M | $42.50M | $70.60M | $86.00M | $21.20M |
| Total Liabilities | $317.80M | $270.90M | $233.90M | $317.20M | $329.50M | $280.90M |
| Stockholders' Equity | $199.20M | $222.60M | $268.30M | $391.00M | $550.00M | $576.80M |
| Retained Earnings | ($356.20M) | ($308.40M) | ($244.80M) | ($186.30M) | ($31.80M) | $10.00M |
Cash Flow
| Line item | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | ($70.30M) | ($28.20M) | ($6.00M) | $62.50M | $62.90M | $54.00M |
| Investing Cash Flow | $44.80M | ($21.10M) | ($29.40M) | $60.60M | ($80.50M) | ($36.90M) |
| Financing Cash Flow | $21.50M | $35.00M | ($111.10M) | $13.30M | $24.40M | $14.50M |
| CapEx | $20.60M | $22.80M | $28.90M | $35.30M | $44.80M | $37.60M |
| Free Cash Flow | ($90.90M) | ($51.00M) | ($34.90M) | $27.20M | $18.10M | $16.40M |
Ratios
| Metric | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 11.4% | 14.3% | 13.6% | 20.2% | 15.0% | 19.3% |
| Operating margin | -6.3% | -10.6% | -9.8% | -2.5% | -4.1% | 1.6% |
| EBITDA margin | 0.4% | -2.4% | -1.7% | 5.3% | 2.8% | 5.5% |
| Net margin | -8.2% | -10.9% | -9.3% | -23.0% | -3.7% | 0.8% |
| Free cash flow margin | -14.0% | -8.7% | -5.6% | 3.8% | 1.6% | 1.4% |
| FCF / Net income | 1.72 | 0.80 | 0.60 | -0.17 | -0.43 | 1.78 |
| R&D / Revenue | - | - | - | - | - | 1.1% |
| SG&A / Revenue | 24.8% | 24.8% | 23.4% | 22.6% | 18.0% | 17.7% |
| Effective tax rate | - | - | - | - | - | 30.8% |
| Return on assets | -10.3% | -12.9% | -11.6% | -23.0% | -4.8% | 1.0% |
| Return on equity | -26.6% | -28.6% | -21.8% | -41.7% | -7.6% | 1.6% |
| Return on invested capital | -16.1% | -16.6% | -15.5% | -3.0% | -5.8% | 2.2% |
| Liquidity | ||||||
| Current ratio | 0.93 | 1.72 | 1.77 | 2.17 | 2.58 | 2.48 |
| Quick ratio | 0.32 | 0.72 | 0.71 | 1.36 | 1.02 | 0.81 |
| Cash ratio | 0.04 | 0.11 | 0.26 | 1.02 | 0.26 | 0.14 |
| Leverage | ||||||
| Debt / Equity | 0.00 | 0.32 | 0.16 | 0.18 | 0.16 | 0.04 |
| Debt / Assets | 0.00 | 0.14 | 0.08 | 0.10 | 0.10 | 0.02 |
| Debt / EBITDA | 0.28 | - | - | 1.87 | 2.71 | 0.32 |
| Interest coverage | -3.4x | -8.2x | -13.9x | -3.6x | -16.8x | 12.6x |
| Equity multiplier | 2.60 | 2.22 | 1.87 | 1.81 | 1.60 | 1.57 |
| Liabilities / Assets | 0.61 | 0.55 | 0.47 | 0.45 | 0.37 | 0.31 |
| Efficiency | ||||||
| Asset turnover | 1.26 | 1.19 | 1.25 | 1.00 | 1.29 | 1.32 |
| Inventory turnover | 3.94 | 4.08 | 4.85 | 3.97 | - | - |
| Days sales outstanding | - | - | - | - | - | - |
| Days inventory outstanding | 93d | 89d | 75d | 92d | - | - |
| Days payable outstanding | - | 57d | 48d | 65d | - | - |
| Cash conversion cycle | - | - | - | - | - | - |
| Valuation | ||||||
| P / E | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - |
| Growth | ||||||
| Revenue growth (YoY) | 11.1% | -6.6% | -11.8% | -37.4% | -5.0% | - |
| Revenue CAGR (3y) | -2.9% | -19.8% | -19.3% | - | - | - |
| Revenue CAGR (5y) | -11.4% | - | - | - | - | - |
| Gross profit growth (YoY) | -11.3% | -2.1% | -40.4% | -15.8% | -26.1% | - |
| Operating income growth (YoY) | 33.9% | -1.0% | -251.1% | 63.0% | - | - |
| Net income growth (YoY) | 16.7% | -8.7% | 64.1% | -290.0% | - | - |
| EPS growth (YoY) | 16.9% | -19.8% | 61.4% | -307.1% | - | - |
| EPS CAGR (3y) | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - |
| FCF growth (YoY) | -78.2% | -46.1% | - | 50.3% | 10.4% | - |
| FCF CAGR (5y) | - | - | - | - | - | - |
| Book value growth (YoY) | -10.5% | -17.0% | -31.4% | -28.9% | -4.6% | - |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2021-12-31.
Geographic
$649.90M totalUS$478.30M · 73.6%
CN$88.70M · 13.6%
CA$34.90M · 5.4%
AU$33.70M · 5.2%
Other$14.30M · 2.2%
Stability scores
Altman Z′
FY 2021 · bankruptcy risk
0.66
Distress
Private-firm variant - uses book equity instead of market cap. > 2.90 safe · 1.23-2.90 grey · < 1.23 distress.
Piotroski F-score
FY 2021 · 9-point quality
4/9
Neutral
- ✗Net income positive
- ✗Operating cash flow positive
- ✓ROA improved YoY
- ✗Cash flow > net income
- ✓Long-term debt decreased
- ✗Current ratio improved
- ✓No share dilution
- ✗Gross margin improved
- ✓Asset turnover improved
Peer comparison
Same SIC group: Plastics Products, NEC
Comparing Armstrong Flooring against the 5 most active filers in the same SIC group.