Armstrong World Industries, Inc.
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $308.7M | $264.9M | $223.8M | $202.9M | $183.2M | $-99.1M | $214.5M | $185.9M |
| Depreciation & Amortization | $120.4M | $103.2M | $89.2M | $83.7M | $96.5M | $84.0M | $72.1M | $79.4M |
| Depreciation | — | — | — | — | — | — | — | — |
| Amortization | $25.4M | $19.9M | $15.3M | $16.3M | $33.8M | $22.1M | $19.9M | $15.1M |
| Stock-Based Compensation | $21.9M | $18.3M | $18.8M | $14.3M | $11.3M | $6.8M | $9.5M | $14.0M |
| Net Cash from Operating Activities | $355.5M | $266.8M | $233.5M | $182.4M | $187.2M | $218.8M | $182.7M | $203.2M |
| Investing Activities | ||||||||
| Capital Expenditures | $109.4M | $82.8M | $83.8M | $74.8M | $79.8M | $55.4M | $71.3M | $71.9M |
| Business Acquisitions | $13.9M | $123.5M | $26.5M | $2.8M | $700.0K | $164.6M | $56.4M | $22.2M |
| Net Cash from Investing Activities | $-3.6M | $-79.3M | $-10.4M | $28.2M | $-13.9M | $-141.1M | $-89.1M | $309.6M |
| Financing Activities | ||||||||
| Dividends Paid | $55.2M | $50.6M | $46.9M | $44.2M | $41.4M | $39.2M | $35.6M | $8.6M |
| Stock Repurchases | $128.9M | $56.3M | $132.0M | $165.0M | $80.0M | $44.4M | $131.3M | $306.6M |
| Net Cash from Financing Activities | $-319.3M | $-177.6M | $-258.6M | $-201.9M | $-212.1M | $13.5M | $-384.9M | $-329.3M |
| Net Change in Cash | $33.4M | $8.5M | $-35.2M | $7.9M | $-38.8M | $91.6M | $-290.4M | $176.1M |
| Free Cash Flow | $246.1M | $184.0M | $149.7M | $107.6M | $107.4M | $163.4M | $111.4M | $131.3M |