Investors should refer to the financial statements included in the Company's 2000 Report
on Form 10-K for financial detail. This document is available at www.armstrong.com or by
contacting our Investor Relations office. |
(millions except for per-share data) |
2000 |
1999 |
% change
2000 vs 1999 |
|
Earnings Highlights
As reported
Net Sales
Operating income (loss)
Chapter 11 reorganization costs
Loss from continuing operations
Net earnings
Diluted net earnings per share
Excluding unusual items
Net Sales
Operating income (1)
Income from continuing operations (2)
Net earnings
Diluted net earnings per share
|
$
$
$
$
$
$
$
$
$
$
$
|
3,003.
(0.
103.
(89.
12.
0.
3,003.
287.
121.
222.
5.
|
8 1) 3 0) 2 30 8 7 1 3 49
|
$
$
$
$
$
$
$
$
$
$
|
3,048.
68.
---
(24.
14.
0.
3,048.
402.
188.
226.
5.
|
2 5 0) 3 36 2 5 4 7 64 |
-1.5%
-28.5%
-35.7%
-1.9%
-2.7%
|
|
Balance Sheet Highlights
Total assets
Total liabilities subject to compromise
Total shareholders' equity
|
$
$
$
|
3,874.
2,385.
665.
|
6 2 1
|
$
$
$
|
3,981.
---
679.
|
4 2
|
-2.7%
n/a
-2.1%
|
|
Cash Flow Highlights
Net cash provided by operating activities
Capital expenditures
|
$
$
|
41.
162.
|
8 1
|
$
$
|
338.
195.
|
1 2
|
-87.6%
-17.0%
|
|
Other Financial Data Highlights
Stock price at year-end
Average diluted shares outstanding
Market capitalization at year-end
|
$
$
|
2.
40.
83.
|
06 5 4
|
$
$
|
33.
40.
1,341.
|
38 2 9
|
-93.8%
0.7%
-93.8%
|
|
(1) Excludes 2000 charges of $236.0 million related to an increase in the asbestos liability, $18.0 million of net restructuring costs and $33.8 million of charges related to the reorganization efforts that were not classified as restructuring efforts that were not classified as restructuring costs. Excludes 1999 charges of $335.4 million related to an increase in the asbestos liability and $1.4 million gain from reversing a portion of the 1998 reorganization charge.
(2) In addition to items noted in (1) above, 2000 figures also exclude $103.3 million in Chapter 11 reorganization costs and an after-tax gain of $44.1 million from the sale of the Installation Products Group. 1999 results also exclude a net gain of $4.8 million from the divestitures of Armstrong Industrial Specialties, Inc. and the Company's Textile Products Operations and income from the settlement of various legal actions.
|