Kraton Corporation (KRA) Financial Statements (2023 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)Annual | Quarterly
| 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 investments | 131 | 86 | 35 | 86 | 89 | 122 | 70 | ||
| Cash and cash equivalents | 131 | 86 | 35 | 86 | 89 | 122 | 70 | ||
| Receivables | 231 | 180 | 170 | 198 | 197 | 201 | 105 | ||
| Inventory, net of allowances, customer advances and progress billings | 411 | 368 | 328 | 264 | |||||
| Inventory | 411 | 368 | 328 | 264 | |||||
| Prepaid expense | 9 | 12 | 7 | 10 | 14 | 36 | |||
| Contract with customer, asset | 229 | 180 | 190 | ✕ | ✕ | ✕ | |||
| Assets held-for-sale, not part of disposal group | 51 | ||||||||
| Other current assets | 29 | 15 | 22 | 30 | 37 | 38 | 31 | ||
| Other undisclosed current assets | 248 | 173 | 175 | 31 | 26 | 22 | 12 | ||
| Total current assets: | 876 | 646 | 650 | 766 | 730 | 747 | 483 | ||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 97 | 84 | 85 | ✕ | ✕ | ✕ | ✕ | ||
| Property, plant and equipment | 943 | 926 | 941 | 959 | 907 | 518 | |||
| Long-term investments and receivables | 12 | 13 | 12 | 12 | 12 | 11 | 12 | ||
| Long-term investments | 12 | 13 | 12 | 12 | 12 | 11 | 12 | ||
| Intangible assets, net (including goodwill) | 634 | 670 | 1,098 | 1,135 | 1,181 | 1,209 | 42 | ||
| Goodwill | 373 | 375 | 772 | 773 | 774 | 770 | |||
| Intangible assets, net (excluding goodwill) | 261 | 295 | 326 | 362 | 407 | 439 | 42 | ||
| Disposal group, including discontinued operation, noncurrent assets | 27 | ||||||||
| Deferred costs | 13 | ||||||||
| Deferred income tax assets | 80 | 84 | 9 | ✕ | ✕ | ✕ | ✕ | ||
| Other noncurrent assets | 21 | 22 | 25 | 29 | 40 | 23 | 22 | ||
| Other undisclosed noncurrent assets | 935 | 12 | 11 | 10 | 4 | ||||
| Total noncurrent assets: | 1,778 | 1,815 | 2,182 | 2,129 | 2,203 | 2,160 | 610 | ||
| TOTAL ASSETS: | 2,655 | 2,461 | 2,832 | 2,895 | 2,933 | 2,907 | 1,093 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 448 | 344 | 281 | 283 | 289 | 280 | 150 | ||
| Accounts payable | 252 | 176 | 169 | 182 | 169 | 150 | 59 | ||
| Accrued liabilities | 196 | 167 | 113 | 101 | 120 | 130 | 91 | ||
| Debt | 69 | 72 | 53 | 45 | 43 | 42 | 0 | ||
| Due to related parties | 17 | 17 | 17 | 21 | 19 | 15 | 14 | ||
| Disposal group, including discontinued operation | 15 | ||||||||
| Total current liabilities: | 534 | 433 | 367 | 349 | 351 | 337 | 165 | ||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation, including: | 829 | 878 | 1,338 | 1,487 | 1,575 | 1,698 | 429 | ||
| Long-term debt, excluding current maturities | 819 | 866 | 1,311 | 1,487 | 1,575 | 1,698 | 429 | ||
| Operating lease, liability | 79 | 68 | 67 | ✕ | ✕ | ✕ | ✕ | ||
| Other undisclosed long-term debt and lease obligation | (69) | (56) | (41) | ||||||
| Liabilities, other than long-term debt | 376 | 445 | 298 | 183 | 192 | 382 | 106 | ||
| Deferred revenue | 121 | 151 | ✕ | ✕ | ✕ | ✕ | |||
| Deferred tax liabilities, net | ✕ | ✕ | ✕ | 211 | 9 | ||||
| Deferred income tax liabilities | 129 | 126 | 125 | ✕ | ✕ | ✕ | ✕ | ||
| Disposal group, including discontinued operation, liabilities | 0 | ||||||||
| Other liabilities | 126 | 169 | 173 | 183 | 192 | 170 | 97 | ||
| Other undisclosed noncurrent liabilities | 69 | 56 | 41 | 128 | 148 | ||||
| Total noncurrent liabilities: | 1,273 | 1,379 | 1,676 | 1,798 | 1,915 | 2,079 | 535 | ||
| Total liabilities: | 1,807 | 1,812 | 2,043 | 2,147 | 2,266 | 2,416 | 700 | ||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent | 797 | 604 | 751 | 715 | 636 | 458 | 359 | ||
| Common stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Additional paid in capital | 415 | 401 | 392 | 386 | 378 | 362 | 350 | ||
| Accumulated other comprehensive loss | (28) | (38) | (106) | (92) | (98) | (159) | (139) | ||
| Retained earnings | 410 | 240 | 465 | 421 | 357 | 254 | 147 | ||
| Stockholders' equity attributable to noncontrolling interest | 51 | 45 | 38 | 32 | 30 | 32 | 34 | ||
| Total stockholders' equity: | 848 | 649 | 789 | 748 | 667 | 490 | 393 | ||
| TOTAL LIABILITIES AND EQUITY: | 2,655 | 2,461 | 2,832 | 2,895 | 2,933 | 2,907 | 1,093 | ||
Income Statement (P&L) ($ in millions) Annual | Quarterly
| 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 1,970 | 1,563 | 1,804 | 2,012 | 1,960 | 1,744 | 1,035 | |
| Revenue, net | ✕ | ✕ | ✕ | 2,012 | 1,960 | 1,744 | 1,035 | |
| Cost of revenue (Cost of Goods and Services Sold) | (1,381) | (1,165) | (1,390) | (1,431) | (1,418) | (1,265) | (806) | |
| Gross profit: | 589 | 398 | 414 | 581 | 542 | 479 | 229 | |
| Operating expenses | (205) | (603) | (159) | (188) | (203) | (217) | (210) | |
| Other undisclosed operating loss | (126) | (126) | (136) | (141) | (137) | (126) | ||
| Operating income (loss): | 257 | (332) | 119 | 251 | 202 | 136 | 18 | |
| Nonoperating income (Investment Income, Nonoperating) | 28 | |||||||
| Interest and debt expense | 1 | (43) | (8) | (132) | (44) | (22) | (2) | |
| Income (loss) from continuing operations before equity method investments, income taxes: | 258 | (374) | 111 | 119 | 158 | 143 | 16 | |
| Income from equity method investments | 0 | 0 | 1 | 0 | 0 | 0 | 0 | |
| Other undisclosed income (loss) from continuing operations before income taxes | (43) | 120 | (68) | (45) | (124) | (130) | (22) | |
| Income (loss) from continuing operations before income taxes: | 215 | (254) | 44 | 74 | 35 | 13 | (6) | |
| Income tax expense (benefit) | (40) | 32 | 12 | (4) | 58 | 92 | (7) | |
| Net income (loss): | 176 | (222) | 56 | 71 | 93 | 105 | (13) | |
| Net income (loss) attributable to noncontrolling interest | (5) | (4) | (5) | (4) | 5 | 3 | 2 | |
| Net income (loss) attributable to parent: | 170 | (226) | 51 | 67 | 98 | 107 | (11) | |
| Other undisclosed net income (loss) available to common stockholders, basic | (0) | 1 | (0) | (1) | (2) | (2) | 0 | |
| Net income (loss) available to common stockholders, basic: | 170 | (225) | 51 | 66 | 96 | 105 | (10) | |
| Dilutive securities, effect on basic earnings per share | (0) | 1 | (0) | (1) | 2 | 2 | (0) | |
| Net income (loss) available to common stockholders, diluted: | 170 | (224) | 51 | 65 | 98 | 107 | (11) | |
Comprehensive Income ($ in millions)Annual | Quarterly
| 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 176 | (222) | 56 | 71 | 93 | 105 | (13) | |
| Other comprehensive income (loss) | 11 | 71 | (13) | 6 | 63 | (19) | (41) | |
| Other undisclosed comprehensive income | 2 | 2 | 3 | |||||
| Comprehensive income (loss): | 186 | (151) | 43 | 76 | 158 | 87 | (50) | |
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | (6) | (7) | (6) | (2) | 2 | 2 | (3) | |
| Other undisclosed comprehensive loss, net of tax, attributable to parent | (5) | (4) | ||||||
| Comprehensive income (loss), net of tax, attributable to parent: | 180 | (158) | 37 | 74 | 155 | 85 | (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.