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 thousands)

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments90,19658,13260,78185,90162,821137,365
Cash and cash equivalents90,19658,13260,78185,90162,821137,365
Receivables263,234257,567220,830180,258169,519167,843
Inventory, net of allowances, customer advances and progress billings 411,993364,329340,616 322,292362,066
Inventory 411,993364,329340,616 322,292362,066
Prepaid expense13,95316,20210,41411,84413,96118,977
Contract with customer, asset, after allowance for credit loss   179,805  
Other current assets17,84317,15017,16715,33816,05414,497
Other undisclosed current assets34,51234,65833,885173,24433,14332,955
Total current assets:831,731748,038683,693646,390617,790733,703
Noncurrent Assets
Operating lease, right-of-use asset95,10086,27482,11984,04286,83987,619
Property, plant and equipment   928,081942,703921,528912,541
Long-term investments and receivables12,05012,20111,97812,72312,16011,687
Long-term investments12,05012,20111,97812,72312,16011,687
Intangible assets, net (including goodwill)643,151650,255657,972669,795675,3861,079,794
Goodwill373,303374,089373,828375,061373,845772,380
Intangible assets, net (excluding goodwill)269,848276,166284,144294,734301,541307,414
Deferred income tax assets77,68379,53180,78383,53475,79972,609
Other noncurrent assets20,11321,01921,45121,77020,53520,869
Other undisclosed noncurrent assets929,481937,544    
Total noncurrent assets:1,777,5781,786,8241,782,3841,814,5671,792,2472,185,119
TOTAL ASSETS:2,609,3092,534,8622,466,0772,460,9572,410,0372,918,822
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities331,269287,612259,364343,593208,631243,114
Interest and dividends payable 12,9124,23312,797 13,44816,109
Taxes payable 44,85034,34530,734 16,73240,051
Employee-related liabilities 48,49434,17234,387 44,33935,554
Accounts payable221,308211,571178,362176,229131,747151,400
Accrued liabilities3,7053,2913,084167,3642,365 
Deferred revenue 26,76526,82526,793 23,87623,523
Debt74,92380,97484,48872,34775,71760,924
Due to related parties14,61916,08616,27417,14716,80516,731
Other undisclosed current liabilities 66,48064,11555,858 52,77455,026
Total current liabilities:514,056475,612442,777433,087377,803399,318
Noncurrent Liabilities
Long-term debt and lease obligation, including:825,459836,804847,125877,746859,030948,043
Long-term debt, excluding current maturities825,459836,804847,125865,516859,030948,043
Other undisclosed long-term debt and lease obligation(77,894)(70,748)(66,424)(55,668)(70,786)(70,676)
Liabilities, other than long-term debt413,136425,783433,429445,454439,628436,827
Deferred revenue137,439140,375141,291151,329161,351159,965
Deferred income tax liabilities123,700128,191131,469125,559120,797121,961
Other liabilities151,997157,217160,669168,566157,480154,901
Operating lease, liability77,89470,74866,42467,89870,78670,676
Other undisclosed noncurrent liabilities77,89470,74866,42455,66870,78670,676
Total noncurrent liabilities:1,316,4891,333,3351,346,9781,378,8681,369,4441,455,546
Total liabilities:1,830,5451,808,9471,789,7551,811,9551,747,2471,854,864
Equity
Equity, attributable to parent728,323677,601630,971604,363620,3861,023,410
Common stock321321321319319319
Additional paid in capital409,799407,189404,644401,445397,121394,865
Accumulated other comprehensive loss(43,859)(38,947)(46,640)(37,865)(39,439)(37,947)
Retained earnings362,062309,038272,646240,464262,385666,173
Equity, attributable to noncontrolling interest50,44148,31445,35144,63942,40440,548
Total equity:778,764725,915676,322649,002662,7901,063,958
TOTAL LIABILITIES AND EQUITY:2,609,3092,534,8622,466,0772,460,9572,410,0372,918,822

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

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
Revenues526,888493,623437,271406,764373,438355,679
Cost of revenue
(Cost of Goods and Services Sold)
(360,197)(354,098)(301,238)(289,891)(304,684)(262,635)
Gross profit:166,691139,525136,033116,87368,75493,044
Operating expenses(55,485)(43,802)(51,103)(50,568)(444,212)(48,871)
Other undisclosed operating loss(31,674)(31,716)(31,557)(32,194)(31,313)(31,342)
Operating income (loss):79,53264,00753,37334,111(406,771)12,831
Interest and debt expense(50)(42)(809)(27,645)(848)(141)
Income (loss) from continuing operations before equity method investments, income taxes:79,48263,96552,5646,466(407,619)12,690
Income from equity method investments8913512014781128
Other undisclosed loss from continuing operations before income taxes(9,131)(12,868)(9,330)(11,573)(13,268)(13,240)
Income (loss) from continuing operations before income taxes:70,44051,23243,354(4,960)(420,806)(422)
Income tax expense (benefit)(15,234)(12,881)(8,761)(16,048)18,189(6,659)
Income (loss) from continuing operations:55,20638,35134,593(21,008)(402,617)(7,081)
Income (loss) before gain (loss) on sale of properties:55,20638,35134,593(21,008)(402,617)(7,081)
Net income (loss):55,20638,35134,593(21,008)(402,617)(7,081)
Net income (loss) attributable to noncontrolling interest(2,182)(1,940)(1,364)(918)(1,177)(887)
Net income (loss) attributable to parent:53,02436,41133,229(21,926)(403,794)(7,968)
Other undisclosed net income (loss) available to common stockholders, basic  (44)1096320
Net income (loss) available to common stockholders, basic:53,02436,41133,185(21,916)(402,831)(7,948)
Dilutive securities, effect on basic earnings per share  (44)1096320
Net income (loss) available to common stockholders, diluted:53,02436,41133,141(21,906)(401,868)(7,928)

Comprehensive Income ($ in thousands)

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
Net income (loss):55,20638,35134,593(21,008)(402,617)(7,081)
Other comprehensive income (loss) (4,865)8,716(9,427) (813)4,209
Other undisclosed comprehensive income   2,891  
Comprehensive income (loss):50,34147,06725,166(18,117)(403,430)(2,872)
Comprehensive loss, net of tax, attributable to noncontrolling interest(2,229)(2,963)(712)(2,235)(1,856)(2,036)
Comprehensive income (loss), net of tax, attributable to parent:48,11244,10424,454(20,352)(405,286)(4,908)

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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