Kemet Corporation (KEM) Financial Statements (2023 and earlier)
Company Profile
| Business Address |
KEMET TOWER FORT LAUDERDALE, FL 33301 |
| State of Incorp. | DE |
| Fiscal Year End | March 31 |
| Industry (SIC) | 367 - Electronic Components And Accessories (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in millions)Annual | Quarterly
| 3/31/2020 | 3/31/2019 | 3/31/2018 | 3/31/2017 | 3/31/2016 | 3/31/2015 | |||
|---|---|---|---|---|---|---|---|---|
| ASSETS | ||||||||
| Current Assets | ||||||||
| Cash, cash equivalents, and short-term investments | 208 | 287 | 110 | 65 | 56 | |||
| Cash and cash equivalents | 208 | 287 | 110 | 65 | 56 | |||
| Receivables | 154 | 144 | 93 | 93 | 91 | |||
| Inventory, net of allowances, customer advances and progress billings | 241 | 204 | 148 | 169 | 172 | |||
| Inventory | 241 | 204 | 148 | 169 | 172 | |||
| Other undisclosed current assets | 39 | 41 | 29 | 25 | 52 | |||
| Total current assets: | 642 | 676 | 379 | 353 | 371 | |||
| Noncurrent Assets | ||||||||
| Property, plant and equipment | 495 | 405 | 209 | 242 | 250 | |||
| Long-term investments and receivables | 13 | 12 | 63 | 20 | 45 | |||
| Long-term investments | 13 | 12 | 63 | 20 | 45 | |||
| Intangible assets, net (including goodwill), including: | 54 | 60 | 70 | 74 | 69 | |||
| Goodwill | 40 | 40 | 40 | 40 | 36 | |||
| Intangible assets, net (excluding goodwill) | 54 | 60 | 30 | 33 | 33 | |||
| Other undisclosed intangible assets, net (including goodwill) | (40) | (40) | ||||||
| Restricted cash and investments | 2 | |||||||
| Other noncurrent assets | 17 | 10 | 4 | 6 | 11 | |||
| Deferred tax assets, net | ✕ | 57 | 14 | 9 | ||||
| Other undisclosed noncurrent assets | 40 | 40 | 8 | 5 | ||||
| Total noncurrent assets: | 676 | 542 | 356 | 350 | 381 | |||
| TOTAL ASSETS: | 1,318 | 1,218 | 735 | 703 | 753 | |||
| LIABILITIES AND EQUITY | ||||||||
| Liabilities | ||||||||
| Current Liabilities | ||||||||
| Accounts payable and accrued liabilities | 250 | 264 | 128 | 122 | 178 | |||
| Accounts payable | 153 | 140 | 70 | 71 | 70 | |||
| Accrued liabilities | 94 | 122 | 58 | 50 | 60 | |||
| Employee-related liabilities | 32 | |||||||
| Taxes payable | 3 | 2 | 1 | 0 | ||||
| Interest and dividends payable | 16 | |||||||
| Debt | 28 | 21 | 2 | 2 | 1 | |||
| Restructuring reserve | 7 | |||||||
| Other undisclosed current liabilities | (54) | |||||||
| Total current liabilities: | 278 | 285 | 130 | 124 | 132 | |||
| Noncurrent Liabilities | ||||||||
| Long-term debt and lease obligation | 266 | 304 | 386 | 389 | 390 | |||
| Long-term debt, excluding current maturities | 266 | 304 | 386 | 389 | 390 | |||
| Liabilities, other than long-term debt | 125 | 152 | 60 | 75 | 98 | |||
| Deferred compensation liability, classified | 2 | |||||||
| Liability, pension and other postretirement and postemployment benefits | 39 | |||||||
| Restructuring reserve | 1 | |||||||
| Other liabilities | 125 | 152 | 60 | 75 | 57 | |||
| Other undisclosed noncurrent liabilities | 9 | 15 | ||||||
| Total noncurrent liabilities: | 400 | 470 | 446 | 463 | 489 | |||
| Total liabilities: | 679 | 755 | 576 | 587 | 621 | |||
| Stockholders' equity | ||||||||
| Stockholders' equity attributable to parent | 639 | 463 | 155 | 112 | 165 | |||
| Common stock | 1 | 1 | 0 | 0 | 0 | |||
| Treasury stock, value | (10) | (22) | ||||||
| Additional paid in capital | 465 | 463 | 448 | 453 | 461 | |||
| Accumulated other comprehensive loss | (31) | (3) | (42) | (31) | (29) | |||
| Retained earnings (accumulated deficit) | 204 | 3 | (252) | (300) | (246) | |||
| Total stockholders' equity: | 639 | 463 | 155 | 112 | 165 | |||
| Other undisclosed liabilities and equity | 3 | 3 | (33) | |||||
| TOTAL LIABILITIES AND EQUITY: | 1,318 | 1,218 | 735 | 703 | 753 | |||
Income Statement (P&L) ($ in millions) Annual | Quarterly
| 3/31/2020 | 3/31/2019 | 3/31/2018 | 3/31/2017 | 3/31/2016 | 3/31/2015 | ||
|---|---|---|---|---|---|---|---|
| Revenues | 1,383 | 1,200 | 758 | 735 | 823 | ||
| Revenue, net | ✕ | 5 | 1,200 | 758 | 735 | 823 | |
| Cost of revenue | (926) | (860) | (572) | (572) | (682) | ||
| Cost of goods and services sold | (924) | (860) | (572) | (572) | (682) | ||
| Gross profit: | 457 | 340 | 186 | 163 | 142 | ||
| Operating expenses | (256) | (227) | (152) | (131) | (139) | ||
| Other undisclosed operating income | 20 | ||||||
| Operating income: | 201 | 113 | 35 | 32 | 22 | ||
| Nonoperating income (expense) | (11) | (25) | 5 | 2 | 6 | ||
| Foreign currency transaction gain (loss), before tax | 7 | (13) | 4 | 3 | 4 | ||
| Other nonoperating income | 6 | ||||||
| Interest and debt expense | (21) | (33) | (40) | (40) | (40) | ||
| Other undisclosed income (loss) from continuing operations before equity method investments, income taxes | 2 | 132 | 11 | (26) | (1) | ||
| Income (loss) from continuing operations before equity method investments, income taxes: | 170 | 188 | 11 | (31) | (12) | ||
| Income (loss) from equity method investments | (3) | 76 | 42 | (16) | (2) | ||
| Income (loss) from continuing operations before income taxes: | 167 | 264 | 52 | (48) | (14) | ||
| Income tax expense (benefit) | 39 | (9) | (4) | (6) | (5) | ||
| Income (loss) from continuing operations: | 207 | 255 | 48 | (54) | (20) | ||
| Income from discontinued operations | 0 | ||||||
| Net income (loss) attributable to parent: | 207 | 255 | 48 | (54) | (19) | ||
| Other undisclosed net income available to common stockholders, basic | 5 | ||||||
| Net income (loss) available to common stockholders, diluted: | 207 | 255 | 48 | (54) | (14) | ||
Comprehensive Income ($ in millions)Annual | Quarterly
| 3/31/2020 | 3/31/2019 | 3/31/2018 | 3/31/2017 | 3/31/2016 | 3/31/2015 | ||
|---|---|---|---|---|---|---|---|
| Net income (loss): | 207 | 255 | 48 | (54) | (19) | ||
| Other comprehensive loss | (28) | ||||||
| Comprehensive income (loss): | 179 | 255 | 48 | (54) | (19) | ||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | 39 | (10) | (3) | (42) | |||
| Comprehensive income (loss), net of tax, attributable to parent: | 179 | 293 | 38 | (56) | (61) | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.