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 | Q4 '21 | Q3 '21 | Q2 '21 | Q1 '21 | Q4 '20 | Q3 '20 | Q2 '20 | Q1 '20 | Q4 '19 | Q3 '19 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | $168.50M | $168.10M | $148.90M | - | $156.60M | $145.60M | $138.70M | - | $165.60M |
| Cost of Revenue | - | $155.60M | $146.90M | $129.00M | - | $129.00M | $120.90M | $115.40M | - | $153.80M |
| Gross Profit | - | $12.90M | $21.20M | $19.90M | - | $27.60M | $24.70M | $23.30M | - | $11.80M |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | - | $41.70M | $39.50M | $38.10M | - | $37.70M | $30.30M | $36.60M | - | $40.00M |
| Total Operating Expenses | - | - | - | - | - | - | - | - | - | - |
| D&A | - | $8.50M | $8.60M | $9.90M | - | $11.10M | - | $10.60M | - | - |
| Operating Income | - | ($28.80M) | ($18.30M) | $27.80M | - | ($10.10M) | ($5.60M) | ($13.30M) | - | ($28.20M) |
| Interest Expense | - | $2.60M | $2.80M | $3.50M | - | $2.80M | $1.20M | $600.0K | - | $800.0K |
| Income Tax | - | $600.0K | $700.0K | ($800.0K) | - | $300.0K | $0 | ($300.0K) | - | $0 |
| Net Income | - | ($29.70M) | ($19.50M) | $27.20M | - | ($11.70M) | ($6.30M) | ($13.20M) | - | ($31.40M) |
| EPS - Basic | - | ($1.34) | ($0.89) | - | - | ($0.53) | ($0.29) | ($0.60) | - | ($1.44) |
| EPS - Diluted | - | ($1.34) | ($0.89) | - | - | ($0.53) | ($0.29) | ($0.60) | - | ($1.44) |
Balance Sheet
| Line item | Q4 '21 | Q3 '21 | Q2 '21 | Q1 '21 | Q4 '20 | Q3 '20 | Q2 '20 | Q1 '20 | Q4 '19 | Q3 '19 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $9.70M | $14.90M | $14.60M | $13.70M | $13.70M | $22.20M | $34.10M | $31.90M | $27.10M | $66.60M |
| Accounts Receivable | - | - | - | - | - | - | - | - | - | - |
| Inventory | $146.30M | $128.60M | $123.90M | $125.10M | $122.90M | $129.90M | $122.30M | $118.60M | $111.60M | $111.50M |
| Accounts Payable | - | - | - | - | $78.50M | $78.20M | $83.90M | $71.90M | $70.50M | $72.10M |
| Current Assets | $224.60M | $211.40M | $212.40M | $212.40M | $210.30M | $229.00M | $214.10M | $203.50M | $185.50M | $232.10M |
| Total Assets | $517.00M | $493.90M | $499.40M | $492.90M | $493.50M | $508.60M | $515.70M | $510.50M | $502.20M | $555.30M |
| Current Liabilities | $242.60M | $204.50M | $130.90M | $125.00M | $122.10M | $121.30M | $120.20M | $100.00M | $104.60M | $108.70M |
| Long-term Debt | $700.0K | $900.0K | $49.60M | $40.90M | $71.40M | $62.10M | $62.70M | $72.50M | $42.50M | $68.10M |
| Total Liabilities | $317.80M | $290.50M | $266.80M | $243.20M | $270.90M | $263.70M | $263.90M | $254.60M | $233.90M | $248.80M |
| Stockholders' Equity | $199.20M | $203.40M | $232.60M | $249.70M | $222.60M | $244.90M | $251.80M | $255.90M | $268.30M | $306.50M |
| Retained Earnings | ($356.20M) | ($330.40M) | ($300.70M) | ($281.20M) | ($308.40M) | ($276.00M) | ($264.30M) | ($258.00M) | ($244.80M) | ($219.70M) |
Cash Flow
| Line item | Q4 '21 | Q3 '21 | Q2 '21 | Q1 '21 | Q4 '20 | Q3 '20 | Q2 '20 | Q1 '20 | Q4 '19 | Q3 '19 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | - | - | - | ($27.80M) | - | - | - | ($17.10M) | - | - |
| Investing Cash Flow | - | - | - | $58.30M | - | - | - | ($7.50M) | - | - |
| Financing Cash Flow | - | - | - | ($27.40M) | - | - | - | $29.90M | - | - |
| CapEx | - | - | - | $7.00M | - | - | - | $7.50M | - | - |
| Free Cash Flow | - | - | - | ($34.80M) | - | - | - | ($24.60M) | - | - |
Ratios
| Metric | Q4 '21 | Q3 '21 | Q2 '21 | Q1 '21 | Q4 '20 | Q3 '20 | Q2 '20 | Q1 '20 | Q4 '19 | Q3 '19 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | - | 7.7% | 12.6% | 13.4% | - | 17.6% | 17.0% | 16.8% | - | 7.1% |
| Operating margin | - | -17.1% | -10.9% | 18.7% | - | -6.4% | -3.8% | -9.6% | - | -17.0% |
| EBITDA margin | - | -12.0% | -5.8% | 25.3% | - | 0.6% | - | -1.9% | - | - |
| Net margin | - | -17.6% | -11.6% | 18.3% | - | -7.5% | -4.3% | -9.5% | - | -19.0% |
| Free cash flow margin | - | - | - | -23.4% | - | - | - | -17.7% | - | - |
| FCF / Net income | - | - | - | -1.28 | - | - | - | 1.86 | - | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | - | 24.7% | 23.5% | 25.6% | - | 24.1% | 20.8% | 26.4% | - | 24.2% |
| Effective tax rate | - | - | - | -3.0% | - | - | - | - | - | - |
| Return on assets | - | -6.0% | -3.9% | 5.5% | - | -2.3% | -1.2% | -2.6% | - | -5.7% |
| Return on equity | - | -14.6% | -8.4% | 10.9% | - | -4.8% | -2.5% | -5.2% | - | -10.2% |
| Return on invested capital | - | -11.1% | -5.1% | 9.6% | - | -2.6% | -1.4% | -3.2% | - | -5.9% |
| Liquidity | ||||||||||
| Current ratio | 0.93 | 1.03 | 1.62 | 1.70 | 1.72 | 1.89 | 1.78 | 2.04 | 1.77 | 2.14 |
| Quick ratio | 0.32 | 0.40 | 0.68 | 0.70 | 0.72 | 0.82 | 0.76 | 0.85 | 0.71 | 1.11 |
| Cash ratio | 0.04 | 0.07 | 0.11 | 0.11 | 0.11 | 0.18 | 0.28 | 0.32 | 0.26 | 0.61 |
| Leverage | ||||||||||
| Debt / Equity | 0.00 | 0.00 | 0.21 | 0.16 | 0.32 | 0.25 | 0.25 | 0.28 | 0.16 | 0.22 |
| Debt / Assets | 0.00 | 0.00 | 0.10 | 0.08 | 0.14 | 0.12 | 0.12 | 0.14 | 0.08 | 0.12 |
| Debt / EBITDA | - | - | - | 1.08 | - | 62.10 | - | - | - | - |
| Interest coverage | - | -11.1x | -6.5x | 7.9x | - | -3.6x | -4.7x | -22.2x | - | -35.3x |
| Equity multiplier | 2.60 | 2.43 | 2.15 | 1.97 | 2.22 | 2.08 | 2.05 | 1.99 | 1.87 | 1.81 |
| Liabilities / Assets | 0.61 | 0.59 | 0.53 | 0.49 | 0.55 | 0.52 | 0.51 | 0.50 | 0.47 | 0.45 |
| Efficiency | ||||||||||
| Asset turnover | - | 0.34 | 0.34 | 0.30 | - | 0.31 | 0.28 | 0.27 | - | 0.30 |
| Inventory turnover | - | 1.21 | 1.19 | 1.03 | - | 0.99 | 0.99 | 0.97 | - | 1.38 |
| Days sales outstanding | - | - | - | - | - | - | - | - | - | - |
| Days inventory outstanding | - | 302d | 308d | 354d | - | 368d | 369d | 375d | - | 265d |
| Days payable outstanding | - | - | - | - | - | 221d | 253d | 227d | - | 171d |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | - | 7.6% | 15.5% | 7.4% | - | -5.4% | -18.1% | -2.1% | - | -46.5% |
| Revenue CAGR (3y) | - | -18.4% | -18.1% | -16.7% | - | -20.2% | -21.2% | -19.4% | - | -19.2% |
| Revenue CAGR (5y) | - | -11.7% | -12.3% | -12.1% | - | - | - | - | - | - |
| Gross profit growth (YoY) | - | -53.3% | -14.2% | -14.6% | - | 133.9% | -31.8% | 5.4% | - | -80.5% |
| Operating income growth (YoY) | - | -185.1% | -226.8% | - | - | 64.2% | - | 14.7% | - | - |
| Net income growth (YoY) | - | -153.8% | -209.5% | - | - | 62.7% | - | 21.0% | - | - |
| EPS growth (YoY) | - | -152.8% | -206.9% | - | - | 63.2% | - | 4.8% | - | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | - | - | - | -41.5% | - | - | - | 65.7% | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | -10.5% | -16.9% | -7.6% | -2.4% | -17.0% | -20.1% | -25.8% | -32.2% | -31.4% | -45.0% |
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%
Peer comparison
Same SIC group: Plastics Products, NEC
Comparing Armstrong Flooring against the 5 most active filers in the same SIC group.