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)

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 investments523526502439164204259
Cash and cash equivalents519524500436160202256
Short-term investments4233423
Restricted cash and investments1427151613711
Receivables364566522237271
Inventory, net of allowances, customer advances and progress billings538522516398361405443
Inventory538522516398361405443
Deferred costs      53
Disposal group, including discontinued operation   11   
Deferred tax assets    (13)
Other current assets36212316172318
Other undisclosed current assets30728428733026122021
Total current assets:1,4531,4251,4091,2628378961,062
Noncurrent Assets
Property, plant and equipment590563564589655 734
Long-term investments and receivables1069686342332338345
Long-term investments1069686342332338345
Intangible assets, net (including goodwill)380380380380380380385
Goodwill380380380380380380380
Intangible assets, net (excluding goodwill)      5
Restricted cash and investments      14
Disposal group, including discontinued operation, noncurrent assets   41  1
Deferred costs      7
Deferred income tax assets120 
Other noncurrent assets231217168170236255283
Defined benefit plan, assets for plan benefits22 
Deferred tax assets, net    164
Other undisclosed noncurrent assets811310412411(761)
Total noncurrent assets:1,4361,3691,3011,6451,6069761,172
Other undisclosed assets     666734
TOTAL ASSETS:2,8892,7942,7102,9082,4432,5372,967
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:276285261150235232128
Accounts payable118145112 94105136
Accrued liabilities143131141125135121128
Employee-related liabilities      35
Taxes payable1610925568
Other undisclosed accounts payable and accrued liabilities      (179)
Debt25328109
Estimated litigation liability121260    
Accrued environmental loss contingencies      10
Due to related parties28202716524646
Disposal group, including discontinued operation   47   
Deferred revenue and credits   20
Deferred tax liabilities    4
Other liabilities      40
Other undisclosed current liabilities   116  74
Total current liabilities:318323351331294287331
Noncurrent Liabilities
Long-term debt and lease obligation, including:7867897981,042957951925
Operating lease, liability 22
Other undisclosed long-term debt and lease obligation7867677981,042957951925
Liabilities, other than long-term debt7496645727687487731,174
Deferred revenue and credits   19
Deferred tax liabilities, net41183275321413
Liability for uncertainty in income taxes      34
Liability, pension and other postretirement and postemployment benefits379316273278251229264
Accrued environmental loss contingencies959597111107109108
Estimated litigation liability496017    
Due to related parties50565670  224
Disposal group, including discontinued operation, liabilities   53   
Other liabilities1751378774114115113
Other undisclosed noncurrent liabilities3038    (277)
Total noncurrent liabilities:1,5641,4921,3701,8101,7051,7241,822
Total liabilities:1,8821,8141,7212,1411,9992,0112,153
Stockholders' equity
Stockholders' equity attributable to parent683640635424201269478
Preferred stock 667667667667667667
Common stock0444444
Treasury stock, value(50)(50)(50)(50)(50)(50)(50)
Additional paid in capital668      
Accumulated other comprehensive loss(219)(221)(206)(179)(222)(197)(149)
Retained earnings (accumulated deficit)283239220(18)(199)(156)5
Stockholders' equity attributable to noncontrolling interest324340354342244258336
Total stockholders' equity:1,007980989767444527814
TOTAL LIABILITIES AND EQUITY:2,8892,7942,7102,9082,4432,5372,967

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
Revenues1,8501,8981,8201,9051,6061,5651,863
Revenue, net1,8791,5671,5331,863
Cost of revenue(1,438)(1,463)(1,266)(1,277)(1,275)(1,310)(1,460)
Cost of goods and services sold(1,438)(1,463)(1,211)(1,277)(1,275)(1,310)(1,460)
Other undisclosed gross profit  55(25)(39)(32)(0)
Gross profit:412435609602292223403
Operating expenses(362)(377)(387)(519)(343)(355)(405)
Other undisclosed operating income136135149280133126172
Operating income (loss):18619337136381(5)170
Nonoperating income (expense)(2)613(5)7333
Investment income, nonoperating      27
Foreign currency transaction gain (loss), before tax(4)210(8)6(0)4
Other nonoperating income2432232
Interest and debt expense(36)(41)(56)(66)(63)(59)(57)
Other undisclosed loss from continuing operations before equity method investments, income taxes      (34)
Income (loss) from continuing operations before equity method investments, income taxes:14815832829225(62)112
Other undisclosed income (loss) from continuing operations before income taxes(47)(53)(92)0(22)(12) 
Income (loss) from continuing operations before income taxes:1011052362923(74)112
Income tax expense (benefit)(16)(27)31120(6)(97)(33)
Income (loss) from continuing operations:8578267412(3)(171)80
Income (loss) from discontinued operations4 34(109)   
Net income (loss):8978301303(3)(171)80
Net income (loss) attributable to noncontrolling interest(34)(29)(39)(95)(13)38(26)
Net income (loss) available to common stockholders, diluted:5549262208(16)(134)54

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):8978301303(3)(171)80
Other comprehensive income (loss)1(20)(37)65(31)(74)(202)
Comprehensive income (loss):9058264367(34)(246)(123)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(34)(24)(29)(117)(7)6436
Comprehensive income (loss), net of tax, attributable to parent:5735235250(41)(182)(87)

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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