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)

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 208193217208234263
Cash and cash equivalents 208193217208234263
Receivables 142163155154148157
Inventory, net of allowances, customer advances and progress billings 263268256241233213
Inventory 263268256241233213
Other undisclosed current assets 424948394036
Total current assets: 656673676642656670
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization 332 
Operating lease, right-of-use asset 292932 
Property, plant and equipment 549528518495438408
Long-term investments and receivables 171414131312
Long-term investments 171414131312
Intangible assets, net (including goodwill), including: 555653545555
Goodwill 404040404040
Intangible assets, net (excluding goodwill) 555653545555
Other undisclosed intangible assets, net (including goodwill) (40)(40)(40)(40)(40)(40)
Other noncurrent assets 484644171712
Deferred tax assets, net571212
Other undisclosed noncurrent assets 565350404040
Total noncurrent assets: 757729715676575540
TOTAL ASSETS: 1,4121,4021,3911,3181,2311,210
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 246284242250246238
Taxes payable 421343
Accounts payable 111137162153144138
Accrued liabilities 13114479949897
Debt 292929282821
Total current liabilities: 275313271278275258
Noncurrent Liabilities
Long-term debt and lease obligation 306300308266277296
Long-term debt, excluding current maturities 283276283266277296
Finance lease, liability 221 
Liabilities, other than long-term debt 153149149125141143
Deferred tax liabilities, net1514
Other liabilities 153149149125126128
Operating lease, liability 222224 
Other undisclosed noncurrent liabilities (9)(10)(14)9  
Total noncurrent liabilities: 450438443400418439
Total liabilities: 725751714679693697
Equity
Equity, attributable to parent 687651677639538513
Common stock 111111
Additional paid in capital 472471467465463465
Accumulated other comprehensive loss (25)(44)(32)(31)(39)(29)
Retained earnings 24022324220411476
Total equity: 687651677639538513
TOTAL LIABILITIES AND EQUITY: 1,4121,4021,3911,3181,2311,210

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

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
Revenues(967)295327345356350349
Cost of revenue (202)(214)(224)(231)(226)(236)
Cost of goods and services sold (202)(214)(224) (226)(236)
Gross profit: 93114122125124114
Operating expenses (65)(65)(63)(71)(62)(64)
Operating income: 294958546250
Nonoperating income (expense) (2)32(6)(13)(4)
Investment income, nonoperating 111 10
Other nonoperating income (expense) (3)21 (14)(4)
Interest and debt expense (3)(3)(3)(2)(4)(7)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes (2)(63) 2  
Income (loss) from continuing operations before equity method investments, income taxes: 22(14)57484439
Income (loss) from equity method investments (0)0(0)(3)(0)0
Income (loss) from continuing operations before income taxes: 22(14)57454339
Income tax expense (benefit) (5)(2)(17)49(3)(2)
Income (loss) from continuing operations: 17(15)40934137
Income (loss) before gain (loss) on sale of properties:17(15)40934137
Net income (loss) available to common stockholders, diluted: 17(15)40934137

Comprehensive Income ($ in millions)

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): 17(15)40934137
Other comprehensive income (loss) 19(12)(1)   
Other undisclosed comprehensive income (loss)    8(9)2
Comprehensive income (loss), net of tax, attributable to parent: 36(27)391013139

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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