Kronos Worldwide Inc (KRO) financial statements (2021 and earlier)

Company profile

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

Balance sheet (Statement of financial position) ($ in millions)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments358350343343394389334
Cash and cash equivalents355348341342391386329
Short-term investments2222335
Restricted cash and investments2521211
Receivables320315321330303348401
Inventory, net of allowances, customer advances and progress billings519504498479503435489
Inventory519504498479503435489
Other undisclosed current assets20158919146
Total current assets:1,2181,1891,1711,1631,2201,1871,230
Noncurrent Assets
Operating lease, right-of-use asset262727272930 
Property, plant and equipment525485468459491466487
Long-term investments and receivables103979792908887
Long-term investments103979792908386
Due from related parties     52
Restricted cash and investments5      
Deferred income tax assets151141134    
Other noncurrent assets7666534
Other undisclosed noncurrent assets222127131111150
Total noncurrent assets:818758733711746698728
TOTAL ASSETS:2,0371,9471,9041,8751,9661,8851,959
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:216212201216238224247
Accounts payable11110997111137113139
Accrued liabilities70545256736161
Employee-related liabilities28292122212521
Taxes payable  2714 20
Other undisclosed accounts payable and accrued liabilities71941362426
Debt1221222
Due to related parties28   21  
Other undisclosed current liabilities162227141020
Total current liabilities:260236230231271228249
Noncurrent Liabilities
Long-term debt and lease obligation506486465457466458452
Long-term debt, excluding current maturities487466445436444435452
Operating lease, liability192020202223 
Liabilities, other than long-term debt475424407386392331365
Deferred tax liabilities, net23
Deferred income tax liabilities252322    
Liability, pension and other postretirement and postemployment benefits373322308301307249260
Due to related parties51515157575757
Other liabilities27292728282526
Other undisclosed noncurrent liabilities   19212225
Total noncurrent liabilities:980910872861879811842
Total liabilities:1,2401,1451,1021,0931,1501,0381,091
Stockholders' equity
Stockholders' equity attributable to parent797802801782816847868
Common stock1111111
Treasury stock, value   (1) (2)(1)
Additional paid in capital1,3951,3951,3951,3961,3961,3981,399
Accumulated other comprehensive loss(448)(454)(467)(488)(449)(430)(413)
Accumulated deficit(152)(141)(129)(126)(133)(121)(118)
Total stockholders' equity:797802801782816847868
TOTAL LIABILITIES AND EQUITY:2,0371,9471,9041,8751,9661,8851,959

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

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
Revenues415417386421373437485
Cost of revenue
(Cost of Goods and Services Sold)
(328)(336)(290)(333)(293)(350)(375)
Gross profit:878196888088110
Operating expenses(71)(56)(53)(54)(71)(57)(58)
Other operating income (expense), net12(3)(4)(3)12(4)(4)
Other undisclosed operating income (loss)(7)(3)(6)12(4)6(1)
Operating income:20193344173347
Nonoperating income
(Investment Income, Nonoperating)
0001212
Interest and debt expense(5)(5)(5)(5)(5)(5)(5)
Income from continuing operations before equity method investments, income taxes:16152940143044
Other undisclosed loss from continuing operations before income taxes(5)(5)(5)(5)(1)(6)(3)
Income from continuing operations before income taxes:11102435132441
Income tax expense(1)(2)(5)(8)(4)(6)(11)
Net income available to common stockholders, diluted:108192791830

Comprehensive Income ($ in millions)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
Net income:108192791830
Other comprehensive income (loss)51321(39)(19)(17)9
Comprehensive income (loss), net of tax, attributable to parent:162140(12)(10)139

Statements sources

The financial statements are based on the company's filings with the 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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