Kraton Corporation (KRA) financial statements (2021 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)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments863586891227054
Cash and cash equivalents863586891227054
Receivables180170198197201105107
Inventory, net of allowances, customer advances and progress billings  411368328264327
Inventory  411368328264327
Prepaid expense127101436  
Contract with customer, asset180190 
Assets held-for-sale, not part of disposal group 51    
Other current assets15223037383125
Other undisclosed current assets1731753126221218
Total current assets:646650766730747483531
Noncurrent Assets
Operating lease, right-of-use asset8485
Property, plant and equipment943926941959907518452
Long-term investments and receivables13121212111213
Long-term investments13121212111213
Intangible assets, net (including goodwill)6701,0981,1351,1811,2094250
Goodwill375772773774770  
Intangible assets, net (excluding goodwill)2953263624074394250
Disposal group, including discontinued operation, noncurrent assets 27     
Deferred costs     137
Deferred income tax assets849
Other noncurrent assets22252940232228
Other undisclosed noncurrent assets  12111042
Total noncurrent assets:1,8152,1822,1292,2032,160610551
TOTAL ASSETS:2,4612,8322,8952,9332,9071,0931,082
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities34428128328928015089
Accounts payable1761691821691505973
Accrued liabilities16711310112013091 
Employee-related liabilities      16
Debt725345434200
Due to related parties17172119151418
Disposal group, including discontinued operation 15     
Deferred tax liabilities    2
Other undisclosed current liabilities      35
Total current liabilities:433367349351337165144
Noncurrent Liabilities
Long-term debt and lease obligation, including:8781,3381,4871,5751,698429352
Long-term debt, excluding current maturities8661,3111,4871,5751,698429352
Operating lease, liability6867
Other undisclosed long-term debt and lease obligation(56)(41)     
Liabilities, other than long-term debt445298183192382106119
Deferred revenue151 
Deferred tax liabilities, net  211915
Deferred income tax liabilities126125
Disposal group, including discontinued operation, liabilities 0     
Other liabilities16917318319217097104
Other undisclosed noncurrent liabilities5641128148   
Total noncurrent liabilities:1,3791,6761,7981,9152,079535471
Total liabilities:1,8122,0432,1472,2662,416700614
Stockholders' equity
Stockholders' equity attributable to parent604751715636458359430
Common stock0000000
Additional paid in capital401392386378362350361
Accumulated other comprehensive loss(38)(106)(92)(98)(159)(139)(99)
Retained earnings240465421357254147168
Stockholders' equity attributable to noncontrolling interest45383230323438
Total stockholders' equity:649789748667490393468
TOTAL LIABILITIES AND EQUITY:2,4612,8322,8952,9332,9071,0931,082

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues1,5631,8042,0121,9601,7441,0351,230
Revenue, net2,0121,9601,7441,0351,230
Cost of revenue
(Cost of Goods and Services Sold)
(1,165)(1,390)(1,431)(1,418)(1,265)(806)(993)
Gross profit:398414581542479229237
Operating expenses(603)(159)(188)(203)(217)(210)(207)
Other undisclosed operating loss(126)(136)(141)(137)(126)  
Operating income (loss):(332)1192512021361831
Nonoperating income
(Investment Income, Nonoperating)
    28  
Interest and debt expense(43)(8)(132)(44)(22)(2) 
Other undisclosed loss from continuing operations before equity method investments, income taxes      (24)
Income (loss) from continuing operations before equity method investments, income taxes:(374)111119158143166
Income from equity method investments0100000
Other undisclosed income (loss) from continuing operations before income taxes120(68)(45)(124)(130)(22)(0)
Income (loss) from continuing operations before income taxes:(254)44743513(6)6
Income tax expense (benefit)3212(4)5892(7)(5)
Net income (loss):(222)567193105(13)1
Net income (loss) attributable to noncontrolling interest(4)(5)(4)5321
Net income (loss) attributable to parent:(226)516798107(11)2
Other undisclosed net income (loss) available to common stockholders, basic1(0)(1)(2)(2)0(0)
Net income (loss) available to common stockholders, basic:(225)516696105(10)2
Dilutive securities, effect on basic earnings per share1(0)(1)22(0) 
Net income (loss) available to common stockholders, diluted:(224)516598107(11)2

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss):(222)567193105(13)1
Other comprehensive income (loss)71(13)663(19)(41)(80)
Other undisclosed comprehensive income   2233
Comprehensive income (loss):(151)437615887(50)(76)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(7)(6)(2)22(3)3
Other undisclosed comprehensive loss, net of tax, attributable to parent   (5)(4) (6)
Comprehensive income (loss), net of tax, attributable to parent:(158)377415585(53)(79)

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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