Kraton Corporation (KRA) Financial Statements (2024 and earlier)

Company Profile

Business Address 15710 JOHN F. KENNEDY BLVD.
HOUSTON, TX 77032
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 2821 - Plastics Materials, Synthetic Resins, and Nonvulcanizable Elastomers (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments8635868912270
Cash and cash equivalents8635868912270
Receivables180170198197201105
Inventory, net of allowances, customer advances and progress billings   411368328264
Inventory   411368328264
Prepaid expense127101436 
Contract with customer, asset, after allowance for credit loss180190 
Asset, held-for-sale, not part of disposal group  51    
Other current assets152230373831
Other undisclosed current assets17317531262212
Total current assets:646650766730747483
Noncurrent Assets
Operating lease, right-of-use asset8485
Property, plant and equipment 943926941959907518
Long-term investments and receivables131212121112
Long-term investments131212121112
Intangible assets, net (including goodwill)6701,0981,1351,1811,20942
Goodwill375772773774770 
Intangible assets, net (excluding goodwill)29532636240743942
Disposal group, including discontinued operation, noncurrent assets  27    
Deferred costs      13
Deferred income tax assets849
Other noncurrent assets222529402322
Other undisclosed noncurrent assets  1211104
Total noncurrent assets:1,8152,1822,1292,2032,160610
TOTAL ASSETS:2,4612,8322,8952,9332,9071,093
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities344281283289280150
Accounts payable17616918216915059
Accrued liabilities16711310112013091
Debt72534543420
Disposal group, including discontinued operation  15    
Due to related parties171721191514
Total current liabilities:433367349351337165
Noncurrent Liabilities
Long-term debt and lease obligation, including:8781,3381,4871,5751,698429
Long-term debt, excluding current maturities8661,3111,4871,5751,698429
Other undisclosed long-term debt and lease obligation(56)(41)    
Liabilities, other than long-term debt445298183192382106
Deferred revenue151 
Deferred tax liabilities, net  2119
Deferred income tax liabilities126125
Disposal group, including discontinued operation, liabilities  0    
Other liabilities16917318319217097
Operating lease, liability6867
Other undisclosed noncurrent liabilities5641128148  
Total noncurrent liabilities:1,3791,6761,7981,9152,079535
Total liabilities:1,8122,0432,1472,2662,416700
Equity
Equity, attributable to parent604751715636458359
Common stock000000
Additional paid in capital401392386378362350
Accumulated other comprehensive loss(38)(106)(92)(98)(159)(139)
Retained earnings240465421357254147
Equity, attributable to noncontrolling interest453832303234
Total equity:649789748667490393
TOTAL LIABILITIES AND EQUITY:2,4612,8322,8952,9332,9071,093

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues1,5631,8042,0121,9601,7441,035
Revenue, net2,0121,9601,7441,035
Cost of revenue
(Cost of Goods and Services Sold)
(1,165)(1,390)(1,431)(1,418)(1,265)(806)
Gross profit:398414581542479229
Operating expenses(603)(159)(188)(203)(217)(210)
Other undisclosed operating loss(126)(136)(141)(137)(126) 
Operating income (loss):(332)11925120213618
Nonoperating income
(Investment Income, Nonoperating)
     28 
Interest and debt expense(43)(8)(132)(44)(22)(2)
Income (loss) from continuing operations before equity method investments, income taxes:(374)11111915814316
Income from equity method investments010000
Other undisclosed income (loss) from continuing operations before income taxes120(68)(45)(124)(130)(22)
Income (loss) from continuing operations before income taxes:(254)44743513(6)
Income tax expense (benefit)3212(4)5892(7)
Income (loss) from continuing operations:(222)567193105(13)
Income (loss) before gain (loss) on sale of properties:(222)567193105(13)
Net income (loss):(222)567193105(13)
Net income (loss) attributable to noncontrolling interest(4)(5)(4)532
Net income (loss) attributable to parent:(226)516798107(11)
Other undisclosed net income (loss) available to common stockholders, basic1(0)(1)(2)(2)0
Net income (loss) available to common stockholders, basic:(225)516696105(10)
Dilutive securities, effect on basic earnings per share1(0)(1)22(0)
Net income (loss) available to common stockholders, diluted:(224)516598107(11)

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):(222)567193105(13)
Other comprehensive income (loss)71(13)663(19)(41)
Other undisclosed comprehensive income    223
Comprehensive income (loss):(151)437615887(50)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(7)(6)(2)22(3)
Other undisclosed comprehensive loss, net of tax, attributable to parent    (5)(4) 
Comprehensive income (loss), net of tax, attributable to parent:(158)377415585(53)

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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