Kronos Worldwide Inc (KRO) financial statements (2022 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)

12/31/2021
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 investments4063583943773225193
Cash and cash equivalents4063553913733225193
Short-term investments 233   
Restricted cash and investments2221222
Receivables361320303300319241218
Inventory, net of allowances, customer advances and progress billings432519503498382344387
Inventory432519503498382344387
Other undisclosed current assets57201926371411
Total current assets:1,2581,2181,2201,2011,063650711
Noncurrent Assets
Operating lease, right-of-use asset202629
Property, plant and equipment503525491486506434430
Long-term investments and receivables10610390811118585
Long-term investments1061039081978585
Due from related parties    14  
Restricted cash and investments55     
Deferred income tax assets107151 
Other noncurrent assets14754623
Other undisclosed noncurrent assets 2131125139814
Total noncurrent assets:755818746697762529532
TOTAL ASSETS:2,0132,0371,9661,8981,8241,1801,243
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:257216238196190159173
Accounts payable1441111371031088596
Accrued liabilities81707365554954
Employee-related liabilities29282128271814
Taxes payable     56
Interest and dividends payable      0
Other undisclosed accounts payable and accrued liabilities476 023
Debt1122144
Due to related parties18282127161520
Other undisclosed current liabilities12161092556
Total current liabilities:289260271233232182202
Noncurrent Liabilities
Long-term debt and lease obligation, including:466506466455474335337
Long-term debt, excluding current maturities450487444455   
Operating lease, liability161922
Other undisclosed long-term debt and lease obligation    474335337
Liabilities, other than long-term debt388475392370365267242
Deferred tax liabilities, net2211118
Deferred income tax liabilities2825 
Liability, pension and other postretirement and postemployment benefits287373307263262234209
Due to related parties4551575770  
Other liabilities28272829222224
Other undisclosed noncurrent liabilities  21    
Total noncurrent liabilities:854980879825839603579
Total liabilities:1,1431,2401,1501,0581,070785781
Stockholders' equity
Stockholders' equity attributable to parent870797816840754395462
Common stock1111111
Treasury stock, value(0)      
Additional paid in capital1,3951,3951,3961,3991,3991,3991,399
Accumulated other comprehensive loss(404)(448)(449)(424)(379)(453)(412)
Accumulated deficit(122)(152)(133)(136)(267)(552)(526)
Total stockholders' equity:870797816840754395462
TOTAL LIABILITIES AND EQUITY:2,0132,0371,9661,8981,8241,1801,243

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
Revenues1,9391,6391,7311,6621,7291,3641,349
Revenue, net1,7291,3641,349
Cost of revenue
(Cost of Goods and Services Sold)
(1,493)(1,288)(1,345)(1,100)(1,170)(1,107)(1,157)
Gross profit:446351386562559257192
Operating expenses(264)(233)(244)(243)(222)(186)(192)
Other operating income (expense), net321114(1)
Other undisclosed operating income (loss)2(4)210(8)6(0)
Operating income (loss):18711614633033081(1)
Nonoperating income
(Investment Income, Nonoperating)
0276111
Interest and debt expense(20)(19)(19)(20)(26)(21)(19)
Income (loss) from continuing operations before equity method investments, income taxes:1689913431630661(19)
Other undisclosed loss from continuing operations before income taxes(15)(19)(13)(22)  (12)
Income (loss) from continuing operations before income taxes:1538012129430661(31)
Income tax expense (benefit)(41)(16)(34)(89)49(18)(143)
Net income (loss) available to common stockholders, diluted:113648720535543(174)

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):113648720535543(174)
Other comprehensive income (loss)441(25)(41)74(41)(76)
Comprehensive income (loss), net of tax, attributable to parent:15765631644293(250)

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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