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
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments189,405189,872180,963138,891202,348161,552
Cash and cash equivalents189,405189,872180,963138,891202,348161,552
Receivables454,230482,746472,888461,912465,352458,459
Inventory, net of allowances, customer advances and progress billings   284,848   
Inventory   284,848   
Other undisclosed current assets340,366356,68355,438383,900378,116367,648
Total current assets:984,0011,029,301994,137984,7031,045,816987,659
Noncurrent Assets
Operating lease, right-of-use asset40,98343,34443,76637,00536,31738,245
Property, plant and equipment204,732203,088198,595188,374192,497197,115
Long-term investments and receivables91,96090,84188,23476,74883,67890,003
Long-term investments91,96090,84188,23476,74883,67890,003
Intangible assets, net (including goodwill)1,425,5131,453,5511,457,9331,506,9881,572,7471,643,006
Goodwill507,370517,206515,008591,032610,167630,938
Intangible assets, net (excluding goodwill)918,143936,345942,925915,956962,5801,012,068
Deferred income tax assets10,03310,42211,21810,51910,89711,496
Other noncurrent assets33,01927,91627,73927,16328,80429,198
Total noncurrent assets:1,806,2401,829,1621,827,4851,846,7971,924,9402,009,063
TOTAL ASSETS:2,790,2412,858,4632,821,6222,831,5002,970,7562,996,722
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities238,328252,740243,185251,672284,682289,284
Interest and dividends payable7,8227,8087,8007,4377,433
Employee-related liabilities28,28541,39434,52930,90027,945
Accounts payable193,790216,633193,983209,343246,345253,906
Accrued liabilities44,538     
Debt19,36919,35019,24520,47114,48561,385
Restructuring reserve5,1606,8095,4831,7983,8124,435
Other liabilities83,68190,51386,87391,79097,74697,445
Total current liabilities:346,538369,412354,786365,731400,725452,549
Noncurrent Liabilities
Long-term debt and lease obligation, including:863,934921,555933,561931,491972,369858,287
Long-term debt, excluding current maturities863,934921,555933,561931,491972,369858,287
Other undisclosed long-term debt and lease obligation    (25,697)(25,695)(27,433)
Liabilities, other than long-term debt243,103250,708254,690228,951241,401262,753
Deferred income tax liabilities156,247157,935160,294151,208156,468170,622
Liability, pension and other postretirement and postemployment benefits29,17428,98528,76538,22242,75544,667
Other liabilities33,46437,70238,66439,52142,17847,464
Operating lease, liability24,21826,08626,96725,69725,69527,433
Other undisclosed noncurrent liabilities    25,69725,69527,433
Total noncurrent liabilities:1,107,0371,172,2631,188,2511,186,1391,239,4651,148,473
Total liabilities:1,453,5751,541,6751,543,0371,551,8701,640,1901,601,022
Equity
Equity, attributable to parent1,335,9801,316,1111,277,9181,278,9981,329,9371,395,066
Common stock17,99917,98217,95017,93117,92017,912
Additional paid in capital934,941929,674928,288925,037921,642918,699
Accumulated other comprehensive loss(130,108)(123,177)(138,240)(217,655)(145,246)(70,261)
Retained earnings513,148491,632469,920553,685535,621528,716
Equity, attributable to noncontrolling interest686677667632629634
Total equity:1,336,6661,316,7881,278,5851,279,6301,330,5661,395,700
TOTAL LIABILITIES AND EQUITY:2,790,2412,858,4632,821,6222,831,5002,970,7562,996,722

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

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Revenues495,444500,148484,808492,218492,388474,171
Cost of revenue
(Cost of Goods and Services Sold)
(317,753)(326,698)(328,538)(331,469)(342,824)(328,100)
Gross profit:177,691173,450156,270160,749149,564146,071
Operating expenses(135,687)(139,197)(209,881)(116,140)(117,661)(116,668)
Other undisclosed operating income14,79115,676    
Operating income (loss):56,79549,929(53,611)44,60931,90329,403
Nonoperating income (expense)(3,606)(2,239)(2,087)85(8,399)(2,206)
Loss, foreign currency transaction, before tax(4,225)(3,326)(3,540)(1,928)(2,026)(1,905)
Interest and debt expense(14,742)(14,229)(13,705)(9,818)(7,183)(5,933)
Other undisclosed income from continuing operations before equity method investments, income taxes2,0219871,3541,429689588
Income (loss) from continuing operations before equity method investments, income taxes:40,46834,448(68,049)36,30517,01021,852
Income (loss) from equity method investments2,7554,6262,607(212)(1,265)835
Income (loss) from continuing operations before income taxes:43,22339,074(65,442)36,09315,74522,687
Income tax expense(13,830)(9,533)(10,500)(10,185)(1,374)(2,866)
Income (loss) from continuing operations:29,39329,541(75,942)25,90814,37119,821
Income before gain (loss) on sale of properties:25,90814,37119,821
Net income (loss):29,39329,541(75,942)25,90814,37119,821
Net income (loss) attributable to noncontrolling interest(47)(7)74(41)(28)(5)
Other undisclosed net loss attributable to parent   (89)   
Net income (loss) attributable to parent:29,34629,534(75,957)25,86714,34319,816
Undistributed earnings (loss) allocated to participating securities, basic(154)(145)342(115)(58)(78)
Net income (loss) available to common stockholders, diluted:29,19229,389(75,615)25,75214,28519,738

Comprehensive Income ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Net income (loss):29,39329,541(75,942)25,90814,37119,821
Other comprehensive income (loss)(6,969)15,06679,434(72,447)(75,018)(6,270)
Comprehensive income (loss):22,42444,6073,492(46,539)(60,647)13,551
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(9)(10)(34)(3)5(6)
Comprehensive income (loss), net of tax, attributable to parent:22,41544,5973,458(46,542)(60,642)13,545

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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