← 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
Cash flows from operating activities:
Adjustments to reconcile net income to net cash provided by operating activities:
Net Income From Continuing Operations — — — — — — $202.9m $223.8m $264.9m $308.7m
Net Income (Loss) Attributable to Parent $104.7m $154.8m $185.9m $214.5m ($99.1m) $183.2m $202.9m $223.8m $264.9m $308.7m
Net Income (Loss) Available to Common Stockholders, Basic — — — — — — $202.9m $223.8m $264.9m $308.7m
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 —
Depreciation, Depletion and Amortization $89.2m $89.2m $79.4m $72.1m $84.0m $96.5m $83.7m $89.2m $103.2m $120.4m
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
Deferred Income Tax Expense (Benefit) $36.7m ($30.8m) ($2.7m) $18.6m ($90.0m) $8.7m ($1.2m) ($900k) $700k $24.0m
Deferred Income Tax — — — — — — ($1.6m) ($800k) $200k $24.1m
Deferred Tax — — — — — — ($1.6m) ($800k) $200k $24.1m
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
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
Goodwill and Intangible Asset Impairment — — — — — — — — — $0
Impairment of Intangible Assets (Excluding Goodwill) $0 $0 $0 $0 $0 $0 $0 $0 — —
Gain (Loss) on Disposition of Assets — — — — $21.0m $0 $0 $0 $600k ($800k)
Gain (Loss) on Disposition of Property Plant Equipment — — — — — — — — ($600k) $800k
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
Income Tax Expense (Benefit) $50.4m $1.5m $53.1m $57.1m ($42.6m) $57.4m $57.7m $74.5m $82.2m $91.6m
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)
Changes in operating assets and liabilities:
Additional Financial Items
Increase (Decrease) in Inventories $7.0m ($3.6m) $8.9m $7.2m $7.7m $10.6m $19.7m ($6.1m) ($1.9m) $12.8m
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) — — — — — — —
Goodwill — $11.3m $19.2m $53.0m $160.7m $167.0m $167.3m $175.5m $203.2m $217.8m
Nonoperating Income (Expense) — $2.4m $32.5m $20.4m $357.4m ($5.6m) $6.0m $9.9m $12.6m $2.4m
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 —
Beginning Cash Position — — — — — — $98.1m $106.0m $70.8m $79.3m
Cash Flow From Continuing Financing Activities — — — — — — ($201.9m) ($258.6m) ($177.6m) ($318.9m)
Cash Flow From Continuing Investing Activities — — — — — — $28.2m ($10.4m) ($79.3m) ($3.6m)
Cash From Discontinued Investing Activities — — — — — ($11.8m) $0 $0 — —
Change In Inventory — — — — — — ($19.7m) $6.1m $1.9m ($12.8m)
Change In Other Working Capital — — — — — — ($15.4m) ($15.3m) ($23.1m) ($17.0m)
Change In Payables And Accrued Expense — — — — — — ($1.8m) $8.0m $27.3m $28.4m
Change In Receivables — — — — — — ($12.4m) ($1.6m) ($24.6m) ($7.5m)
Change In Working Capital — — — — — — ($49.3m) ($2.8m) ($18.5m) ($8.9m)
Changes In Cash — — — — — — $8.7m ($35.5m) $9.9m $32.6m
End Cash Position — — — — — — $106.0m $70.8m $79.3m $112.7m
Financing Cash Flow — — — — — — ($201.9m) ($258.6m) ($177.6m) ($319.3m)
Free Cash Flow — — — — — — $107.6m $149.7m $184.0m $246.1m
Gain Loss On Sale Of PPE — — — — — — $0 $0 $600k ($800k)
Investing Cash Flow — — — — — — $28.2m ($10.4m) ($79.3m) ($3.6m)
Net Business Purchase And Sale — — — — — — $101.7m $70.4m ($31.2m) $99.1m
Net PPE Purchase And Sale — — — — — — ($74.8m) ($83.8m) ($58.5m) ($108.4m)
Operating Gains Losses — — — — — — ($77.6m) ($89.3m) ($102.8m) ($113.1m)
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)
Purchase Of PPE $104.2m $89.7m $71.9m $71.3m $55.4m $79.8m ($74.8m) ($83.8m) ($82.8m) ($109.4m)
Repurchase Of Capital Stock — — — — — — ($167.0m) ($1.8m) ($4.9m) ($8.7m)
Sale Of Business — — — — — — $104.5m $96.9m $97.8m $113.0m
Sale Of PPE — — — — — — $0 $0 $24.3m $1.0m
Stock Based Compensation — — — — — — $14.3m $18.8m $18.3m $21.9m
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 — — — —
Gain (Loss) on Derivative Instruments, Net, Pretax — — — — — $13.4m $24.9m ($12.1m) ($2.2m) —
Net Cash Provided by (Used in) Operating Activities $49.3m $170.4m $203.2m $182.7m $218.8m $187.2m $182.4m $233.5m $266.8m $355.5m
Cash flows from investing activities:
Capital Expenditure — — — — — — ($74.8m) ($83.8m) ($82.8m) ($109.4m)
Payments to Acquire Businesses, Net of Cash Acquired — — — — $164.6m $700k $2.8m $26.5m — $13.9m
Payments for (Proceeds from) Other Investing Activities — — — ($1.3m) — — — — — —
Net Other Investing Changes — — — — — — $1.3m $3.0m $10.4m $5.7m
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)
Cash flows from financing activities:
Proceeds from Issuance of Long-term Debt $363.5m — — $500.0m $0 $0 $450.0m $0 $0 $410.6m
Issuance Of Debt — — — — — — $805.0m $55.0m $138.0m $420.6m
Long Term Debt Issuance — — — — — — $805.0m $55.0m $138.0m $420.6m
Net Issuance Payments Of Debt — — — — — — $19.1m ($67.7m) ($65.8m) ($122.7m)
Net Long Term Debt Issuance — — — — — — $19.1m ($67.7m) ($65.8m) ($122.7m)
Net Short Term Debt Issuance — — — — — $0 $0 ($65.0m) — —
Short Term Debt Issuance — — — — — $0 $0 $55.0m — —
Repayments of Long-term Debt $434.1m $25.0m $32.5m $825.4m $6.3m $25.0m $468.7m $0 $22.5m $427.5m
Long Term Debt Payments — — — — — — ($785.9m) ($122.7m) ($203.8m) ($543.3m)
Repayment Of Debt — — — — — — ($785.9m) ($122.7m) ($203.8m) ($543.3m)
Short Term Debt Payments — — — — — $0 $0 ($120.0m) — —
Net Common Stock Issuance — — — — — — ($167.0m) ($1.8m) ($4.9m) ($8.7m)
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)
Dividends paid — — $8.6m $35.6m $39.2m $41.4m $44.2m $46.9m $50.6m $55.2m
Cash Dividends Paid — — — — — — ($44.2m) ($46.9m) ($50.6m) ($55.2m)
Proceeds from (Payments for) Other Financing Activities — — — — — — — — — ($400k)
Net Other Financing Charges — — — — — — ($9.8m) ($142.2m) ($56.3m) ($132.7m)
Net Cash Provided by (Used in) Financing Activities ($128.9m) ($102.7m) ($329.3m) ($384.9m) $13.5m ($212.1m) ($201.9m) ($258.6m) ($177.6m) ($319.3m)
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
Effect Of Exchange Rate Changes — — — — — — ($800k) $300k ($1.4m) $800k
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
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents — — — $45.3m $136.9m — $106.0m $70.8m $79.3m $112.7m
Supplemental disclosure of cash flow information:
Change In Cash Supplemental As Reported — — — — — — $7.9m ($35.2m) $8.5m $33.4m
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

Data sourced from SEC EDGAR 10-K filings via EdgarTools. Amounts are shown in USD as reported in each fiscal year filing.