Quaker Houghton (KWR) Financial Statements (2024 and earlier)

Company Profile

Business Address ONE QUAKER PARK
CONSHOHOCKEN, PA 19428
State of Incorp. PA
Fiscal Year End December 31
Industry (SIC) 299 - Miscellaneous Products Of Petroleum And Coal (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

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

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 investments180,963165,176181,833123,524104,14789,879
Cash and cash equivalents180,963165,176181,833123,524104,14789,879
Restricted cash and investments   62353  
Receivables472,888430,676372,974375,982202,139208,358
Inventory, net of allowances, customer advances and progress billings 284,848264,531187,764174,95094,09087,221
Inventory 284,848264,531187,764174,95094,09087,221
Other undisclosed current assets55,43859,87150,09441,16318,13421,128
Total current assets:994,137920,254792,727715,972418,510406,586
Noncurrent Assets
Operating lease, right-of-use asset43,76636,63538,50742,905
Property, plant and equipment198,595197,520203,883213,46983,92386,704
Long-term investments and receivables88,23495,27895,78593,82221,31625,690
Long-term investments88,23495,27895,78593,82221,31625,690
Intangible assets, net (including goodwill)1,457,9331,658,9761,712,5701,728,970146,915157,637
Goodwill515,008631,194631,212607,20583,33386,034
Intangible assets, net (excluding goodwill)942,9251,027,7821,081,3581,121,76563,58271,603
Deferred income tax assets11,21816,13816,566 
Other noncurrent assets27,73930,95931,79640,43332,05530,049
Other undisclosed noncurrent assets    14,7456,94615,460
Total noncurrent assets:1,827,4852,035,5062,099,1072,134,344291,155315,540
TOTAL ASSETS:2,821,6222,955,7602,891,8342,850,316709,665722,126
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities243,185273,828243,638219,954118,481120,578
Interest and dividends payable7,8087,4277,0516,8284,9354,724
Employee-related liabilities41,39439,74544,76649,02525,72722,846
Accounts payable193,983226,656191,821164,10187,81993,008
Accrued liabilities      
Debt19,24556,93538,96738,3326705,736
Restructuring reserve5,4834,0878,24818,043  
Other liabilities86,87395,61792,10783,60531,10827,321
Other undisclosed current liabilities     1,2111,108
Total current liabilities:354,786430,467382,960359,934151,470154,743
Noncurrent Liabilities
Long-term debt and lease obligation, including:933,561836,412849,068882,43735,93461,068
Long-term debt, excluding current maturities933,561836,412849,068882,43735,93461,068
Finance lease, liability    31,273
Other undisclosed long-term debt and lease obligation  (26,335)(27,070)(31,273)  
Liabilities, other than long-term debt254,690274,624311,822123,21285,89261,149
Deferred tax liabilities, net10,0039,653
Deferred income tax liabilities160,294179,025192,763 
Liability, pension and other postretirement and postemployment benefits28,76545,98463,89056,82832,360 
Other liabilities38,66449,61555,16966,38443,52951,496
Operating lease, liability26,96726,33527,070 
Other undisclosed noncurrent liabilities  26,33527,070242,367 35,548
Total noncurrent liabilities:1,188,2511,137,3711,187,9601,248,016121,826157,765
Total liabilities:1,543,0371,567,8381,570,9201,607,950273,296312,508
Equity
Equity, attributable to parent1,277,9181,387,2941,320,3641,240,762435,052407,672
Common stock17,95017,89717,85117,73513,33813,308
Additional paid in capital928,288917,053905,171888,21897,30493,528
Accumulated other comprehensive loss(138,240)(63,990)(26,598)(78,170)(80,715)(65,100)
Retained earnings469,920516,334423,940412,979405,125365,936
Equity, attributable to noncontrolling interest6676285501,6041,3171,946
Total equity:1,278,5851,387,9221,320,9141,242,366436,369409,618
TOTAL LIABILITIES AND EQUITY:2,821,6222,955,7602,891,8342,850,316709,665722,126

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

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues1,943,5851,761,1581,417,6771,133,503867,520820,082
Revenue, net820,082
Cost of revenue
(Cost of Goods and Services Sold)
(1,330,931)(1,166,518)(904,234)(741,386)(555,206)(528,587)
Gross profit:612,654594,640513,443392,117312,314291,495
Operating expenses(560,350)(444,174)(454,083)(345,983)(224,533)(228,751)
Other undisclosed operating income      
Operating income:52,304150,46659,36046,13487,78162,744
Nonoperating income (expense)(12,607)18,851(5,618)(254)(642)(718)
Gain (loss), foreign currency transaction, before tax(9,399)(3,821)(6,082)223(807)891
Other nonoperating income    57173228
Interest and debt expense(36,633)(23,838)(28,301)(18,767)(6,158)(3,892)
Other undisclosed income from continuing operations before equity method investments, income taxes4,0541,5121,6981,7912,1172,534
Income from continuing operations before equity method investments, income taxes:7,118146,99127,13928,90483,09860,668
Income from equity method investments1,9659,3797,3525,0641,7633,285
Income from continuing operations before income taxes:9,083156,37034,49133,96884,86163,953
Income tax expense (benefit)(24,925)(34,939)5,296(2,084)(25,050)(41,653)
Income (loss) from continuing operations:(15,842)121,43139,78731,88459,81122,300
Income before gain (loss) on sale of properties:121,43139,78731,88459,81122,300
Net income (loss):(15,842)121,43139,78731,88459,81122,300
Net loss attributable to noncontrolling interest      
Other undisclosed net loss attributable to parent(89)(62)(129)(262)(338)(2,022)
Net income (loss) attributable to parent:(15,931)121,36939,65831,62259,47320,278
Undistributed earnings (loss) allocated to participating securities, basic92(480)(148)(90)(253)137
Other undisclosed net loss available to common stockholders, basic      (274)
Net income (loss) available to common stockholders, basic:(15,839)120,88939,51031,53259,22020,141
Other undisclosed net income available to common stockholders, diluted  1  1 
Net income (loss) available to common stockholders, diluted:(15,839)120,89039,51031,53259,22120,141

Comprehensive Income ($ in thousands)

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):(15,842)121,43139,78731,88459,81122,300
Other comprehensive income (loss)(74,300)(37,376)51,4802,570(15,705)23,021
Comprehensive income (loss):(90,142)84,05591,26734,45444,10645,321
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(39)(78)(37)(287)(248)2,736
Other undisclosed comprehensive loss, net of tax, attributable to parent      (5,472)
Comprehensive income (loss), net of tax, attributable to parent:(90,181)83,97791,23034,16743,85842,585

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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