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)

12/31/2020
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 investments3583943773225193168
Cash and cash equivalents3553913733225193168
Short-term investments233    
Restricted cash and investments2212222
Receivables320303300319241218260
Inventory, net of allowances, customer advances and progress billings519503498382344387424
Inventory519503498382344387424
Other undisclosed current assets20192637141133
Total current assets:1,2181,2201,2011,063650711886
Noncurrent Assets
Operating lease, right-of-use asset2629
Property, plant and equipment525491486506434430480
Long-term investments and receivables10390811118585100
Long-term investments1039081978585100
Due from related parties   14   
Restricted cash and investments5      
Deferred costs      7
Deferred income tax assets151 
Other noncurrent assets75462311
Other undisclosed noncurrent assets2131125139814(321)
Total noncurrent assets:818746697762529532277
Other undisclosed assets      480
TOTAL ASSETS:2,0371,9661,8981,8241,1801,2431,643
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:216238196190159173203
Accounts payable1111371031088596121
Accrued liabilities70736555495456
Employee-related liabilities28212827181425
Taxes payable    568
Interest and dividends payable     01
Other undisclosed accounts payable and accrued liabilities76 023(8)
Debt1221444
Due to related parties28212716152020
Deferred tax liabilities    4
Other undisclosed current liabilities1610925568
Total current liabilities:260271233232182202238
Noncurrent Liabilities
Long-term debt and lease obligation, including:506466455474335337345
Long-term debt, excluding current maturities487444455    
Operating lease, liability1922
Other undisclosed long-term debt and lease obligation   474335337345
Liabilities, other than long-term debt475392370365267242292
Accounts payable and accrued liabilities      0
Deferred tax liabilities, net22111187
Deferred income tax liabilities25 
Liability for uncertainty in income taxes      13
Liability, pension and other postretirement and postemployment benefits373307263262234209245
Due to related parties51575770   
Other liabilities27282922222427
Other undisclosed noncurrent liabilities 21    (13)
Total noncurrent liabilities:980879825839603579624
Total liabilities:1,2401,1501,0581,070785781861
Stockholders' equity
Stockholders' equity attributable to parent797816840754395462781
Common stock1111111
Additional paid in capital1,3951,3961,3991,3991,3991,3991,399
Accumulated other comprehensive loss(448)(449)(424)(379)(453)(412)(336)
Accumulated deficit(152)(133)(136)(267)(552)(526)(283)
Total stockholders' equity:797816840754395462781
TOTAL LIABILITIES AND EQUITY:2,0371,9661,8981,8241,1801,2431,643

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
Revenues1,6391,7311,6621,7291,3641,3491,652
Revenue, net1,7291,3641,3491,652
Cost of revenue
(Cost of Goods and Services Sold)
(1,288)(1,345)(1,100)(1,170)(1,107)(1,157)(1,397)
Other undisclosed gross profit      95
Gross profit:351386562559257192350
Operating expenses(233)(244)(243)(222)(186)(192)(222)
Other operating income (expense), net21114(1)(1)
Other undisclosed operating income (loss)(4)210(8)6(0)23
Operating income (loss):11614633033081(1)150
Nonoperating income2761115
Investment income, nonoperating2761111
Foreign currency transaction gain, before tax      4
Interest and debt expense(19)(19)(20)(26)(21)(19)(17)
Other undisclosed loss from continuing operations before equity method investments, income taxes      (4)
Income (loss) from continuing operations before equity method investments, income taxes:9913431630661(19)134
Other undisclosed loss from continuing operations before income taxes(19)(13)(22)  (12) 
Income (loss) from continuing operations before income taxes:8012129430661(31)134
Income tax expense (benefit)(16)(34)(89)49(18)(143)(35)
Net income (loss) available to common stockholders, diluted:648720535543(174)99

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):648720535543(174)99
Other comprehensive income (loss)1(25)(41)74(41)(76)(184)
Comprehensive income (loss), net of tax, attributable to parent:65631644293(250)(85)

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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