Kronos Worldwide Inc (KRO) financial statements (2021 and earlier)

Company profile

Business Address 5430 LBJ FREEWAY
DALLAS, TX 75240-2620
State of Incorp.
Fiscal Year End December 31
SIC 281 - Industrial Inorganic Chemicals (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments394377322519316854
Cash and cash equivalents391373322519316854
Short-term investments33     
Restricted cash and investments212222 
Receivables303300319241218260268
Inventory, net of allowances, customer advances and progress billings503498382344387424417
Inventory503498382344387424417
Other undisclosed current assets19263714113343
Total current assets:1,2201,2011,063650711886781
Noncurrent Assets
Operating lease, right-of-use asset29
Property, plant and equipment491486506434430480536
Long-term investments and receivables90811118585100133
Long-term investments9081978585100133
Due from related parties  14    
Restricted cash and investments      7
Deferred costs     73
Other noncurrent assets546231121
Other undisclosed noncurrent assets131125139814(321)(398)
Total noncurrent assets:746697762529532277302
Other undisclosed assets     480536
TOTAL ASSETS:1,9661,8981,8241,1801,2431,6431,619
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:238196190159173203242
Accounts payable1371031088596121124
Accrued liabilities736555495456 
Employee-related liabilities21282718142527
Taxes payable   5689
Interest and dividends payable    01 
Other undisclosed accounts payable and accrued liabilities6 023(8)83
Debt2214443
Due to related parties212716152020 
Deferred tax liabilities    42
Other undisclosed current liabilities1092556831
Total current liabilities:271233232182202238278
Noncurrent Liabilities
Long-term debt and lease obligation, including:466455474335337345180
Long-term debt, excluding current maturities444455     
Operating lease, liability22
Other undisclosed long-term debt and lease obligation  474335337345180
Liabilities, other than long-term debt392370365267242292242
Pension and other postretirement defined benefit plans, liabilities172
Accounts payable and accrued liabilities     0 
Deferred tax liabilities, net2211118720
Liability for uncertainty in income taxes     1317
Liability, pension and other postretirement and postemployment benefits307263262234209245
Due to related parties575770    
Other liabilities28292222242735
Other undisclosed noncurrent liabilities21    (13)(17)
Total noncurrent liabilities:879825839603579624406
Total liabilities:1,1501,0581,070785781861684
Stockholders' equity
Stockholders' equity attributable to parent816840754395462781935
Common stock1111111
Additional paid in capital1,3961,3991,3991,3991,3991,3991,399
Accumulated other comprehensive loss(449)(424)(379)(453)(412)(336)(152)
Accumulated deficit(133)(136)(267)(552)(526)(283)(313)
Total stockholders' equity:816840754395462781935
TOTAL LIABILITIES AND EQUITY:1,9661,8981,8241,1801,2431,6431,619

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues1,7311,6621,7291,3641,3491,6521,732
Revenue, net1,7291,3641,3491,6521,732
Cost of revenue
(Cost of Goods and Services Sold)
(1,345)(1,100)(1,170)(1,107)(1,157)(1,397)(1,713)
Other undisclosed gross profit     9593
Gross profit:386562559257192350112
Operating expenses(244)(243)(222)(186)(192)(222)(258)
Other operating income (expense), net1114(1)(1)(1)
Other undisclosed operating income (loss)210(8)6(0)2314
Operating income (loss):14633033081(1)150(133)
Nonoperating income (expense)761115(3)
Investment income, nonoperating7611111
Foreign currency transaction gain (loss), before tax     4(4)
Interest and debt expense(19)(20)(26)(21)(19)(17)(29)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes     (4)4
Income (loss) from continuing operations before equity method investments, income taxes:13431630661(19)134(160)
Other undisclosed loss from continuing operations before income taxes(13)(22)  (12)  
Income (loss) from continuing operations before income taxes:12129430661(31)134(160)
Income tax expense (benefit)(34)(89)49(18)(143)(35)58
Net income (loss) available to common stockholders, diluted:8720535543(174)99(102)

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income (loss):8720535543(174)99(102)
Other comprehensive income (loss)(25)(41)74(41)(76)(184)45
Comprehensive income (loss), net of tax, attributable to parent:631644293(250)(85)(57)

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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