Kraton Corporation (KRA) financial statements (2022 and earlier)

Company profile

Business Address 15710 JOHN F. KENNEDY BLVD.
HOUSTON, TX 77032
State of Incorp. DE
Fiscal Year End December 31
SIC 2821 - Plastics Materials, Synthetic Resins, and Nonvulcanizable Elastomers (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1318635868912270
Cash and cash equivalents1318635868912270
Receivables231180170198197201105
Inventory, net of allowances, customer advances and progress billings   411368328264
Inventory   411368328264
Prepaid expense9127101436 
Contract with customer, asset229180190 
Assets held-for-sale, not part of disposal group  51    
Other current assets29152230373831
Other undisclosed current assets24817317531262212
Total current assets:876646650766730747483
Noncurrent Assets
Operating lease, right-of-use asset978485
Property, plant and equipment 943926941959907518
Long-term investments and receivables12131212121112
Long-term investments12131212121112
Intangible assets, net (including goodwill)6346701,0981,1351,1811,20942
Goodwill373375772773774770 
Intangible assets, net (excluding goodwill)26129532636240743942
Disposal group, including discontinued operation, noncurrent assets  27    
Deferred costs      13
Deferred income tax assets80849
Other noncurrent assets21222529402322
Other undisclosed noncurrent assets935  1211104
Total noncurrent assets:1,7781,8152,1822,1292,2032,160610
TOTAL ASSETS:2,6552,4612,8322,8952,9332,9071,093
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities448344281283289280150
Accounts payable25217616918216915059
Accrued liabilities19616711310112013091
Debt6972534543420
Due to related parties17171721191514
Disposal group, including discontinued operation  15    
Total current liabilities:534433367349351337165
Noncurrent Liabilities
Long-term debt and lease obligation, including:8298781,3381,4871,5751,698429
Long-term debt, excluding current maturities8198661,3111,4871,5751,698429
Operating lease, liability796867
Other undisclosed long-term debt and lease obligation(69)(56)(41)    
Liabilities, other than long-term debt376445298183192382106
Deferred revenue121151 
Deferred tax liabilities, net  2119
Deferred income tax liabilities129126125
Disposal group, including discontinued operation, liabilities  0    
Other liabilities12616917318319217097
Other undisclosed noncurrent liabilities695641128148  
Total noncurrent liabilities:1,2731,3791,6761,7981,9152,079535
Total liabilities:1,8071,8122,0432,1472,2662,416700
Stockholders' equity
Stockholders' equity attributable to parent797604751715636458359
Common stock0000000
Additional paid in capital415401392386378362350
Accumulated other comprehensive loss(28)(38)(106)(92)(98)(159)(139)
Retained earnings410240465421357254147
Stockholders' equity attributable to noncontrolling interest51453832303234
Total stockholders' equity:848649789748667490393
TOTAL LIABILITIES AND EQUITY:2,6552,4612,8322,8952,9332,9071,093

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues1,9701,5631,8042,0121,9601,7441,035
Revenue, net2,0121,9601,7441,035
Cost of revenue
(Cost of Goods and Services Sold)
(1,381)(1,165)(1,390)(1,431)(1,418)(1,265)(806)
Gross profit:589398414581542479229
Operating expenses(205)(603)(159)(188)(203)(217)(210)
Other undisclosed operating loss(126)(126)(136)(141)(137)(126) 
Operating income (loss):257(332)11925120213618
Nonoperating income
(Investment Income, Nonoperating)
     28 
Interest and debt expense1(43)(8)(132)(44)(22)(2)
Income (loss) from continuing operations before equity method investments, income taxes:258(374)11111915814316
Income from equity method investments0010000
Other undisclosed income (loss) from continuing operations before income taxes(43)120(68)(45)(124)(130)(22)
Income (loss) from continuing operations before income taxes:215(254)44743513(6)
Income tax expense (benefit)(40)3212(4)5892(7)
Net income (loss):176(222)567193105(13)
Net income (loss) attributable to noncontrolling interest(5)(4)(5)(4)532
Net income (loss) attributable to parent:170(226)516798107(11)
Other undisclosed net income (loss) available to common stockholders, basic(0)1(0)(1)(2)(2)0
Net income (loss) available to common stockholders, basic:170(225)516696105(10)
Dilutive securities, effect on basic earnings per share(0)1(0)(1)22(0)
Net income (loss) available to common stockholders, diluted:170(224)516598107(11)

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):176(222)567193105(13)
Other comprehensive income (loss)1171(13)663(19)(41)
Other undisclosed comprehensive income    223
Comprehensive income (loss):186(151)437615887(50)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(6)(7)(6)(2)22(3)
Other undisclosed comprehensive loss, net of tax, attributable to parent    (5)(4) 
Comprehensive income (loss), net of tax, attributable to parent:180(158)377415585(53)

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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