Kronos Worldwide Inc (KRO) Financial Statements (2024 and earlier)

Company Profile

Business Address 5430 LBJ FREEWAY
DALLAS, TX 75240-2620
State of Incorp.
Fiscal Year End December 31
Industry (SIC) 281 - Industrial Inorganic Chemicals (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

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

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments328406358394377322
Cash and cash equivalents328406355391373322
Short-term investments   233 
Restricted cash and investments222212
Receivables252361320303300319
Inventory, net of allowances, customer advances and progress billings609432519503498382
Inventory609432519503498382
Other undisclosed current assets515720192637
Total current assets:1,2421,2581,2181,2201,2011,063
Noncurrent Assets
Operating lease, right-of-use asset22202629
Property, plant and equipment485503525491486506
Long-term investments and receivables1161061039081111
Due from related parties     14
Long-term investments116106103908197
Restricted cash and investments555   
Deferred income tax assets52107151 
Other noncurrent assets13147546
Other undisclosed noncurrent assets   2131125139
Total noncurrent assets:692755818746697762
TOTAL ASSETS:1,9342,0132,0371,9661,8981,824
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:289257216238196190
Employee-related liabilities2928212827
Accounts payable177144111137103108
Accrued liabilities1088170736555
Other undisclosed accounts payable and accrued liabilities4476 0
Debt111221
Due to related parties 1828212716
Other undisclosed current liabilities36121610925
Total current liabilities:327289260271233232
Noncurrent Liabilities
Long-term debt and lease obligation, including: 424466506466455474
Long-term debt, excluding current maturities 424450487444455 
Other undisclosed long-term debt and lease obligation      474
Liabilities, other than long-term debt226388475392370365
Deferred tax liabilities, net2211
Deferred income tax liabilities262825 
Liability, pension and other postretirement and postemployment benefits129287373307263262
Due to related parties344551575770
Other liabilities212827282922
Operating lease, liability17161922
Other undisclosed noncurrent liabilities   21  
Total noncurrent liabilities:651854980879825839
Total liabilities:9771,1431,2401,1501,0581,070
Equity
Equity, attributable to parent957870797816840754
Common stock111111
Treasury stock, value (1)(0)    
Additional paid in capital1,3941,3951,3951,3961,3991,399
Accumulated other comprehensive loss(332)(404)(448)(449)(424)(379)
Accumulated deficit(105)(122)(152)(133)(136)(267)
Total equity:957870797816840754
TOTAL LIABILITIES AND EQUITY:1,9342,0132,0371,9661,8981,824

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

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues1,9301,9391,6391,7311,6621,729
Revenue, net1,729
Cost of revenue
(Cost of Goods and Services Sold)
(1,539)(1,493)(1,288)(1,345)(1,100)(1,170)
Gross profit:391446351386562559
Operating expenses(246)(264)(233)(244)(243)(222)
Other operating income, net332111
Other undisclosed operating income (loss)122(4)210(8)
Operating income (loss):160187116146330330
Nonoperating income
(Investment Income, Nonoperating)
502761
Interest and debt expense(17)(20)(19)(19)(20)(26)
Income (loss) from continuing operations before equity method investments, income taxes:14816899134316306
Other undisclosed loss from continuing operations before income taxes(14)(15)(19)(13)(22) 
Income (loss) from continuing operations before income taxes:13415380121294306
Income tax expense (benefit)(29)(41)(16)(34)(89)49
Income (loss) from continuing operations:1051136487205355
Income before gain (loss) on sale of properties:1136487205355
Net income (loss) attributable to parent:1051136487205355
Other undisclosed net income available to common stockholders, basic      
Net income available to common stockholders, diluted:1051136487205355

Comprehensive Income ($ in millions)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):1051136487205355
Other comprehensive income (loss)73441(25)(41)74
Comprehensive income, net of tax, attributable to parent:1771576563164429

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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