Kemet Corporation (KEM) financial statements (2021 and earlier)

Company profile

Business Address KEMET TOWER
FORT LAUDERDALE, FL 33301
State of Incorp. DE
Fiscal Year End March 31
SIC 367 - Electronic Components And Accessories (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2019
TTM
3/31/2019
3/31/2018
3/31/2017
3/31/2016
3/31/2015
3/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments208208287110655658
Cash and cash equivalents208208287110655658
Receivables14215414493939199
Inventory, net of allowances, customer advances and progress billings263241204148169172188
Inventory263241204148169172188
Disposal group, including discontinued operation      12
Other undisclosed current assets42394129255244
Total current assets:656642676379353371401
Noncurrent Assets
Finance lease, right-of-use asset3
Operating lease, right-of-use asset29
Property, plant and equipment549495405209242250293
Long-term investments and receivables17131263204546
Long-term investments17131263204546
Intangible assets, net (including goodwill), including:55546070746973
Goodwill40404040403636
Intangible assets, net (excluding goodwill)55546030333337
Other undisclosed intangible assets, net (including goodwill)(40)(40)(40)   
Restricted cash and investments     214
Other noncurrent assets481710461110
Assets of disposal group, including discontinued operation1
Deferred tax assets, net57149   
Other undisclosed noncurrent assets564040 857
Total noncurrent assets:757676542356350381443
TOTAL ASSETS:1,4121,3181,218735703753844
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities24625026412812217876
Accounts payable111153140707170 
Accrued liabilities1319412258506076
Employee-related liabilities     32 
Taxes payable43210  
Interest and dividends payable     16 
Debt2928212217
Restructuring reserve     7
Disposal group, including discontinued operation      7
Other undisclosed current liabilities     (54)76
Total current liabilities:275278285130124132167
Noncurrent Liabilities
Long-term debt and lease obligation306266304386389390391
Long-term debt, excluding current maturities283266304386389390391
Finance lease, liability2
Operating lease, liability22
Liabilities, other than long-term debt15312515260759891
Pension and other postretirement defined benefit plans, liabilities33
Deferred compensation liability, classified     2 
Liability, pension and other postretirement and postemployment benefits     39
Restructuring reserve     1 
Disposal group, including discontinued operation, liabilities      3
Other liabilities15312515260755756
Other undisclosed noncurrent liabilities(9)915    
Total noncurrent liabilities:450400470446463489483
Total liabilities:725679755576587621649
Stockholders' equity
Stockholders' equity attributable to parent687639463155112165222
Common stock1110000
Treasury stock, value    (10)(22)(30)
Additional paid in capital472465463448453461465
Accumulated other comprehensive income (loss)(25)(31)(3)(42)(31)(29)18
Retained earnings (accumulated deficit)2402043(252)(300)(246)(232)
Total stockholders' equity:687639463155112165222
Other undisclosed liabilities and equity   33(33)(28)
TOTAL LIABILITIES AND EQUITY:1,4121,3181,218735703753844

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

12/31/2019
TTM
3/31/2019
3/31/2018
3/31/2017
3/31/2016
3/31/2015
3/31/2014
Revenues1,3231,3831,200758735823834
Revenue, net51,200758735823834
Cost of revenue(870)(926)(860)(572)(572)(682)(733)
Cost of goods and services sold(639)(924)(860)(572)(572)(682)(733)
Gross profit:453457340186163142101
Operating expenses(263)(256)(227)(152)(131)(139)(144)
Other undisclosed operating income     2025
Operating income (loss):190201113353222(18)
Nonoperating income (expense)(4)(11)(25)5263
Investment income, nonoperating3    00
Foreign currency transaction gain (loss), before tax 7(13)4340
Other nonoperating income (expense)(0)    63
Interest and debt expense(11)(21)(33)(40)(40)(40)(41)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(63)213211(26)(1)(0)
Income (loss) from continuing operations before equity method investments, income taxes:11317018811(31)(12)(56)
Income (loss) from equity method investments(3)(3)7642(16)(2)(7)
Income (loss) from continuing operations before income taxes:11016726452(48)(14)(63)
Income tax expense (benefit)2539(9)(4)(6)(5)(1)
Income (loss) from continuing operations:13520725548(54)(20)(65)
Income from discontinued operations     0 
Net income (loss) attributable to parent:13520725548(54)(19)(65)
Other undisclosed net income (loss) available to common stockholders, basic     5(4)
Net income (loss) available to common stockholders, diluted:13520725548(54)(14)(69)

Comprehensive Income ($ in millions)

12/31/2019
TTM
3/31/2019
3/31/2018
3/31/2017
3/31/2016
3/31/2015
3/31/2014
Net income (loss):13520725548(54)(19)(65)
Other comprehensive income (loss)6(28)     
Other undisclosed comprehensive income8      
Comprehensive income (loss):14917925548(54)(19)(65)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent  39(10)(3)(42)7
Comprehensive income (loss), net of tax, attributable to parent:14917929338(56)(61)(58)

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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