Kemet Corporation (KEM) Financial Statements (2025 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 thousands)

3/31/2020
Q4
12/31/2019
Q3
9/30/2019
Q2
6/30/2019
Q1
3/31/2019
Q4
12/31/2018
Q3
9/30/2018
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 208,448192,702217,307207,918234,359263,047
Cash and cash equivalent 208,448192,702217,307207,918234,359263,047
Receivables 142,007163,398154,522154,059147,848157,013
Inventory, net of allowances, customer advances and progress billings 263,123268,220256,140241,129233,337213,268
Inventory 263,123268,220256,140241,129233,337213,268
Other undisclosed current assets 42,04448,57148,18738,94740,29436,320
Total current assets: 655,622672,891676,156642,053655,838669,648
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization 2,7182,7352,297 
Operating lease, right-of-use asset 29,08129,45332,169 
Property, plant and equipment 548,594527,887518,310495,280438,265408,076
Long-term investments and receivables 16,64113,67314,23812,92512,86112,215
Long-term investments 16,64113,67314,23812,92512,86112,215
Intangible assets, net (including goodwill), including: 55,11756,35853,44853,74955,17055,457
Goodwill 40,29440,29440,29440,29440,29440,294
Intangible assets, net (excluding goodwill) 55,11756,35853,44853,74955,17055,457
Other undisclosed intangible assets, net (including goodwill) (40,294)(40,294)(40,294)(40,294)(40,294)(40,294)
Other noncurrent assets 48,19345,59544,21616,77017,10711,783
Deferred tax assets, net57,02411,72212,124
Other undisclosed noncurrent assets 56,36653,13350,37240,29440,29440,294
Total noncurrent assets: 756,710728,834715,050676,042575,419539,949
TOTAL ASSETS: 1,412,3321,401,7251,391,2061,318,0951,231,2571,209,597
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 246,437283,505241,834250,043246,381237,503
Taxes payable 3,9812,2658082,9953,6842,584
Accounts payable 111,465137,263161,853153,287144,418138,253
Accrued liabilities 130,991143,97779,17393,76198,27996,666
Debt 29,03229,16429,22528,43028,41620,553
Total current liabilities: 275,469312,669271,059278,473274,797258,056
Noncurrent Liabilities
Long-term debt and lease obligation 305,971299,793307,845266,041277,260296,084
Long-term debt, excluding current maturities 282,746276,429282,871266,041277,260296,084
Finance lease, liability 1,5651,5671,328 
Liabilities, other than long-term debt 153,025148,835149,267125,360140,767142,886
Deferred tax liabilities, net14,91114,459
Other liabilities 153,025148,835149,267125,360125,856128,427
Operating lease, liability 21,66021,79723,646 
Other undisclosed noncurrent liabilities (9,446)(10,489)(13,760)8,806  
Total noncurrent liabilities: 449,550438,139443,352400,207418,027438,970
Total liabilities: 725,019750,808714,411678,680692,824697,026
Equity
Equity, attributable to parent 687,313650,917676,795639,415538,433512,571
Common stock 583581580578578574
Additional paid in capital 471,641470,937466,704465,366462,882465,474
Accumulated other comprehensive loss (24,985)(44,073)(32,124)(30,724)(38,691)(29,208)
Retained earnings 240,074223,472241,635204,195113,66475,731
Total equity: 687,313650,917676,795639,415538,433512,571
TOTAL LIABILITIES AND EQUITY: 1,412,3321,401,7251,391,2061,318,0951,231,2571,209,597

Income Statement (P&L) ($ in thousands)

3/31/2020
Q4
12/31/2019
Q3
9/30/2019
Q2
6/30/2019
Q1
3/31/2019
Q4
12/31/2018
Q3
9/30/2018
Q2
Revenues294,741327,397345,242355,794350,175349,233
Cost of revenue (201,560)(213,727)(223,614)(231,048)(226,425)(235,668)
Cost of product and service sold (201,560)(213,727)(223,614) (226,425)(235,668)
Gross profit: 93,181113,670121,628124,746123,750113,565
Operating expenses (64,533)(64,580)(63,228)(70,689)(62,134)(63,565)
Operating income: 28,64849,09058,40054,05761,61650,000
Nonoperating income (expense) (2,187)2,7271,535(5,893)(13,434)(3,636)
Investment income, nonoperating 904812809 572375
Other nonoperating income (expense) (3,091)1,915726 (14,006)(4,011)
Interest and debt expense (2,803)(2,751)(2,545)(2,436)(4,480)(7,287)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes (1,597)(63,098) 2,035  
Income (loss) from continuing operations before equity method investments, income taxes: 22,061(14,032)57,39047,76343,70239,077
Income (loss) from equity method investments (59)472(250)(3,003)(296)64
Income (loss) from continuing operations before income taxes: 22,002(13,560)57,14044,76043,40639,141
Income tax expense (benefit) (5,400)(1,700)(16,800)48,660(2,600)(2,000)
Income (loss) from continuing operations: 16,602(15,260)40,34093,42040,80637,141
Income (loss) before gain (loss) on sale of properties:16,602(15,260)40,34093,42040,80637,141
Net income (loss) available to common stockholders, diluted: 16,602(15,260)40,34093,42040,80637,141

Comprehensive Income ($ in thousands)

3/31/2020
Q4
12/31/2019
Q3
9/30/2019
Q2
6/30/2019
Q1
3/31/2019
Q4
12/31/2018
Q3
9/30/2018
Q2
Net income (loss): 16,602(15,260)40,34093,42040,80637,141
Other comprehensive income (loss) 19,088(11,949)(1,400)   
Other undisclosed comprehensive income (loss)    7,967(9,483)2,242
Comprehensive income (loss), net of tax, attributable to parent: 35,690(27,209)38,940101,38731,32339,383

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.

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