Valhi Inc. (VHI) Financial Statements (2024 and earlier)

Company Profile

Business Address 5430 LBJ FRWY
DALLAS, TX 75240
State of Incorp. DE
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)

3/31/2024
MRQ
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments463554701523526502
Cash and cash equivalents407479698519524500
Short-term investments56753423
Restricted cash and investments234653142715
Receivables154159364566
Inventory, net of allowances, customer advances and progress billings596641459538522516
Inventory596641459538522516
Other current assets    362123
Other undisclosed current assets379307402307284287
Total current assets:1,4751,5901,6731,4531,4251,409
Noncurrent Assets
Property, plant and equipment517524564590563564
Long-term investments and receivables1161141051069686
Long-term investments1161141051069686
Intangible assets, net (including goodwill)380380380380380380
Goodwill380380380380380380
Deferred income tax assets674187120 
Other noncurrent assets174179188231217168
Other undisclosed noncurrent assets 8998113104
Total noncurrent assets:1,2621,2461,3321,4361,3691,301
TOTAL ASSETS:2,7372,8363,0052,8892,7942,710
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities449443430276285261
Taxes payable1216109
Accounts payable229199153118145112
Accrued liabilities220244265143131141
Other undisclosed accounts payable and accrued liabilities      
Debt123253
Estimated litigation liability 121212121260
Other liabilities 30     
Due to related parties2319282027
Other undisclosed current liabilities1613    
Total current liabilities:507493464318323351
Noncurrent Liabilities
Long-term debt and lease obligation, including:546558650786789798
Other undisclosed long-term debt and lease obligation546558650786767798
Liabilities, other than long-term debt372466687749664572
Deferred revenue  26   
Deferred tax liabilities, net41
Liability for uncertainty in income taxes  0    
Liability, pension and other postretirement and postemployment benefits152139291379316273
Accrued environmental loss contingencies939494959597
Estimated litigation liability 162739496017
Due to related parties3345505656
Other liabilities11112921917513787
Operating lease, liability  17  22
Other undisclosed noncurrent liabilities5013463038 
Total noncurrent liabilities:9681,0361,3831,5641,4921,370
Total liabilities:1,4761,5291,8471,8821,8141,721
Equity
Equity, attributable to parent936959830683640635
Preferred stock     667667
Common stock000044
Treasury stock, value(50)(50)(50)(50)(50)(50)
Additional paid in capital670670669668  
Accumulated other comprehensive loss(146)(144)(191)(219)(221)(206)
Retained earnings461482401283239220
Equity, attributable to noncontrolling interest326348329324340354
Total equity:1,2621,3071,1581,007980989
TOTAL LIABILITIES AND EQUITY:2,7372,8363,0052,8892,7942,710

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

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues1,9222,2232,2961,8501,8981,820
Cost of revenue(1,677)(1,732)(1,716)(1,438)(1,463)(1,266)
Cost of goods and services sold(1,677)(1,732)(1,716)(1,438)(1,463)(1,211)
Other undisclosed gross profit     55
Gross profit:245490580412435609
Operating expenses(349)(392)(389)(362)(377)(387)
Other undisclosed operating income138141127136135149
Operating income:34239319186193371
Nonoperating income (expense)25234(2)613
Investment income, nonoperating218    
Gain (loss), foreign currency transaction, before tax1122(4)210
Other nonoperating income333243
Interest and debt expense(28)(28)(33)(36)(41)(56)
Income from continuing operations before equity method investments, income taxes:31234290148158328
Other undisclosed loss from continuing operations before income taxes(51)(65)(33)(47)(53)(92)
Income (loss) from continuing operations before income taxes:(20)170258101105236
Income tax expense (benefit)22(34)(60)(16)(27)31
Income from continuing operations:31361988578267
Income before gain (loss) on sale of properties:1988978301
Income from discontinued operations    4 34
Net income:31361988978301
Net loss attributable to noncontrolling interest(15)(46)(71)(34)(29)(39)
Net income (loss) available to common stockholders, diluted:(12)901275549262

Comprehensive Income ($ in millions)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income:31361988978301
Other comprehensive income (loss)(3)64381(20)(37)
Comprehensive income: 2002369058264
Comprehensive loss, net of tax, attributable to noncontrolling interest(14)(63)(81)(34)(24)(29)
Other undisclosed comprehensive income, net of tax, attributable to parent 3     
Comprehensive income (loss), net of tax, attributable to parent:(14)1381555735235

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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