Valhi, Inc. (VHI) financial statements (2021 and earlier)

Company profile

Business Address 5430 LBJ FRWY
DALLAS, TX 75240
State of Incorp. DE
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)

Current Assets
Cash, cash equivalents, and short-term investments526502439164204259147
Cash and cash equivalents524500436160202256143
Short-term investments2334234
Restricted cash and investments27151613711 
Inventory, net of allowances, customer advances and progress billings522516398361405443431
Deferred costs     5360
Disposal group, including discontinued operation  11    
Income taxes receivable15
Deferred tax assets    (13)(23)
Other current assets21231617231821
Other undisclosed current assets2842873302612202126
Total current assets:1,4251,4091,2628378961,062949
Noncurrent Assets
Property, plant and equipment563564589655 734796
Long-term investments and receivables9686342332338345356
Long-term investments9686342332338345356
Intangible assets, net (including goodwill)380380380380380385385
Intangible assets, net (excluding goodwill)     55
Restricted cash and investments     1433
Disposal group, including discontinued operation, noncurrent assets  41  1
Deferred costs     73
Other noncurrent assets217168170236255283337
Assets held-for-sale, long lived1
Defined benefit plan, assets for plan benefits22 1
Deferred tax assets, net    164149
Other undisclosed noncurrent assets11310412411(761)(839)
Total noncurrent assets:1,3691,3011,6451,6069761,1721,222
Other undisclosed assets    666734796
TOTAL ASSETS:2,7942,7102,9082,4432,5372,9672,967
Current Liabilities
Accounts payable and accrued liabilities, including:285261150235232128366
Accounts payable145112 94105136133
Accrued liabilities131141125135121128188
Employee-related liabilities     3536
Taxes payable109255689
Other undisclosed accounts payable and accrued liabilities     (179) 
Liability for uncertainty in income taxes      3
Estimated litigation liability1260     
Accrued environmental loss contingencies     109
Due to related parties20271652464652
Disposal group, including discontinued operation  47    
Deferred revenue and credits   2037
Deferred tax liabilities    42
Other liabilities     4051
Other undisclosed current liabilities  116  74(137)
Total current liabilities:323351331294287331395
Noncurrent Liabilities
Long-term debt and lease obligation, including:7897981,042957951925742
Operating lease, liability22
Other undisclosed long-term debt and lease obligation7677981,042957951925742
Liabilities, other than long-term debt6645727687487731,174889
Deferred revenue and credits   191
Pension and other postretirement defined benefit plans, liabilities183
Deferred tax liabilities, net41183275321413431
Liability for uncertainty in income taxes     3450
Liability, pension and other postretirement and postemployment benefits316273278251229264
Accrued environmental loss contingencies9597111107109108114
Estimated litigation liability6017     
Due to related parties565670  224 
Disposal group, including discontinued operation, liabilities  53    
Other liabilities1378774114115113110
Other undisclosed noncurrent liabilities38    (277)(51)
Total noncurrent liabilities:1,4921,3701,8101,7051,7241,8221,580
Total liabilities:1,8141,7212,1411,9992,0112,1531,974
Stockholders' equity
Stockholders' equity attributable to parent640635424201269478601
Preferred stock667667667667667667667
Common stock4444444
Treasury stock, value(50)(50)(50)(50)(50)(50)(50)
Additional paid in capital      28
Accumulated other comprehensive loss(221)(206)(179)(222)(197)(149)(8)
Retained earnings (accumulated deficit)239220(18)(199)(156)5(40)
Stockholders' equity attributable to noncontrolling interest340354342244258336392
Total stockholders' equity:980989767444527814993
TOTAL LIABILITIES AND EQUITY:2,7942,7102,9082,4432,5372,9672,967

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

Revenue, net1,8791,5671,5331,8631,864
Cost of revenue(1,463)(1,266)(1,277)(1,275)(1,310)(1,460)(1,729)
Cost of goods and services sold(1,463)(1,211)(1,277)(1,275)(1,310)(1,460)(1,729)
Other undisclosed gross profit 55(25)(39)(32)(0) 
Gross profit:435609602292223403134
Operating expenses(377)(387)(519)(343)(355)(405)(566)
Other undisclosed operating income135149280133126172293
Operating income (loss):19337136381(5)170(139)
Nonoperating income (expense)613(5)733324
Investment income, nonoperating     2727
Foreign currency transaction gain (loss), before tax210(8)6(0)4(4)
Other nonoperating income4322321
Interest and debt expense(41)(56)(66)(63)(59)(57)(65)
Other undisclosed loss from continuing operations before equity method investments, income taxes     (34)(38)
Income (loss) from continuing operations before equity method investments, income taxes:15832829225(62)112(218)
Income from equity method investments      1
Other undisclosed income (loss) from continuing operations before income taxes(53)(92)0(22)(12)  
Income (loss) from continuing operations before income taxes:1052362923(74)112(217)
Income tax expense (benefit)(27)31120(6)(97)(33)91
Other undisclosed loss from continuing operations      (1)
Income (loss) from continuing operations:78267412(3)(171)80(127)
Income (loss) from discontinued operations 34(109)    
Net income (loss):78301303(3)(171)80(127)
Net income (loss) attributable to noncontrolling interest(29)(39)(95)(13)38(26)29
Net income (loss) available to common stockholders, diluted:49262208(16)(134)54(98)

Comprehensive Income ($ in millions)

Net income (loss):78301303(3)(171)80(127)
Other comprehensive income (loss)(20)(37)65(31)(74)(202)53
Comprehensive income (loss):58264367(34)(246)(123)(74)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(24)(29)(117)(7)6436(10)
Other undisclosed comprehensive income, net of tax, attributable to parent      20
Comprehensive income (loss), net of tax, attributable to parent:35235250(41)(182)(87)(64)

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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