2021 Form 10-K Financial Statement

#000005524221000042 Filed on August 10, 2021

View on sec.gov

Income Statement

Concept 2021 2020 Q2 2019 Q2
Revenue $1.841B $379.1M $603.9M
YoY Change -2.33% -37.24% -6.53%
Cost Of Revenue $1.289B $274.1M $390.2M
YoY Change -4.93% -29.75% -5.73%
Gross Profit $552.5M $101.5M $213.7M
YoY Change 4.35% -52.53% -7.98%
Gross Profit Margin 30.0% 26.77% 35.39%
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development $39.50M
YoY Change 2.07%
% of Gross Profit 7.15%
Depreciation & Amortization $126.5M $30.30M $29.10M
YoY Change 5.53% 4.12% 5.05%
% of Gross Profit 22.89% 29.87% 13.62%
Operating Expenses $407.2M $71.50M $119.8M
YoY Change 4.84% -40.32% -10.26%
Operating Profit $102.2M $29.95M $93.92M
YoY Change 359.14% -68.11% -4.9%
Interest Expense $46.38M -$11.30M -$8.600M
YoY Change 31.92% 31.4% 3.61%
% of Operating Profit 45.39% -37.72% -9.16%
Other Income/Expense, Net $8.867M $5.500M $3.600M
YoY Change -40.34% 52.78% 0.0%
Pretax Income $64.66M $9.800M $79.90M
YoY Change 3198.98% -87.73% -10.12%
Income Tax $6.243M $25.20M $16.80M
% Of Pretax Income 9.66% 257.14% 21.03%
Net Earnings $54.43M -$9.106M $61.98M
YoY Change -1061.56% -114.69% -9.56%
Net Earnings / Revenue 2.96% -2.4% 10.26%
Basic Earnings Per Share $0.65 -$0.11 $0.75
Diluted Earnings Per Share $0.65 -$0.11 $0.74
COMMON SHARES
Basic Shares Outstanding 83.60M shares 82.91M shares 82.39M shares
Diluted Shares Outstanding 84.33M shares

Balance Sheet

Concept 2021 2020 Q2 2019 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $154.0M $606.7M $182.0M
YoY Change -74.61% 233.35% -67.28%
Cash & Equivalents $154.0M $606.7M $182.0M
Short-Term Investments
Other Short-Term Assets $71.47M $73.70M $57.38M
YoY Change -3.03% 28.44% -9.29%
Inventory $476.3M $522.4M $571.6M
Prepaid Expenses
Receivables $302.9M $238.0M $379.9M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $1.005B $1.441B $1.191B
YoY Change -30.26% 20.99% -22.98%
LONG-TERM ASSETS
Property, Plant & Equipment $1.105B $1.038B $934.9M
YoY Change 1.77% 11.06% 13.43%
Goodwill $270.6M $300.0M
YoY Change -9.81% -0.59%
Intangibles $132.6M $161.0M
YoY Change -17.66% -8.77%
Long-Term Investments
YoY Change
Other Assets $157.8M $17.43M $17.45M
YoY Change 47.08% -0.13% -0.46%
Total Long-Term Assets $1.661B $1.597B $1.465B
YoY Change 4.02% 8.96% 6.22%
TOTAL ASSETS
Total Short-Term Assets $1.005B $1.441B $1.191B
Total Long-Term Assets $1.661B $1.597B $1.465B
Total Assets $2.666B $3.038B $2.656B
YoY Change -12.24% 14.36% -9.21%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $177.7M $164.6M $212.9M
YoY Change 7.93% -22.67% -4.05%
Accrued Expenses $166.2M $47.61M $76.62M
YoY Change 21.82% -37.86% -19.55%
Deferred Revenue
YoY Change
Short-Term Debt $8.365M $500.4M $200.0K
YoY Change -98.33% 250100.0% -77.78%
Long-Term Debt Due $0.00
YoY Change -100.0%
Total Short-Term Liabilities $437.4M $898.1M $461.7M
YoY Change -51.3% 94.5% -47.92%
LONG-TERM LIABILITIES
Long-Term Debt $592.1M $594.1M $592.5M
YoY Change -0.34% 0.27% 0.17%
Other Long-Term Liabilities $244.3M $34.43M $21.00M
YoY Change -4.1% 63.94% -14.67%
Total Long-Term Liabilities $836.5M $34.43M $21.00M
YoY Change -1.47% 63.94% -14.67%
TOTAL LIABILITIES
Total Short-Term Liabilities $437.4M $898.1M $461.7M
Total Long-Term Liabilities $836.5M $34.43M $21.00M
Total Liabilities $1.336B $1.769B $1.282B
YoY Change -26.09% 38.02% -24.41%
SHAREHOLDERS EQUITY
Retained Earnings $1.005B $1.077B
YoY Change -6.68% 19.56%
Common Stock $642.2M $631.9M
YoY Change 1.64% 2.91%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.330B $1.230B $1.335B
YoY Change
Total Liabilities & Shareholders Equity $2.666B $3.038B $2.656B
YoY Change -12.24% 14.36% -9.21%

Cashflow Statement

Concept 2021 2020 Q2 2019 Q2
OPERATING ACTIVITIES
Net Income $54.43M -$9.106M $61.98M
YoY Change -1061.56% -114.69% -9.56%
Depreciation, Depletion And Amortization $126.5M $30.30M $29.10M
YoY Change 5.53% 4.12% 5.05%
Cash From Operating Activities $235.7M $77.60M $143.0M
YoY Change 5.34% -45.73% 19.77%
INVESTING ACTIVITIES
Capital Expenditures $127.3M -$38.10M -$66.40M
YoY Change -47.86% -42.62% 1.53%
Acquisitions
YoY Change
Other Investing Activities $47.00K -$100.0K $7.700M
YoY Change -93.79% -101.3% -33.62%
Cash From Investing Activities -$123.0M -$38.10M -$58.80M
YoY Change -43.68% -35.2% 9.29%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $197.0K
YoY Change -5.74%
Debt Paid & Issued, Net $300.0M
YoY Change
Cash From Financing Activities -$574.2M 479.5M -15.00M
YoY Change -234.97% -3296.67% -105.39%
NET CHANGE
Cash From Operating Activities $235.7M 77.60M 143.0M
Cash From Investing Activities -$123.0M -38.10M -58.80M
Cash From Financing Activities -$574.2M 479.5M -15.00M
Net Change In Cash -$452.6M 519.0M 69.20M
YoY Change -206.59% 650.0% -79.89%
FREE CASH FLOW
Cash From Operating Activities $235.7M $77.60M $143.0M
Capital Expenditures $127.3M -$38.10M -$66.40M
Free Cash Flow $108.4M $115.7M $209.4M
YoY Change -630.94% -44.75% 13.31%

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NATURE OF OPERATIONS<div style="margin-top:6pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">With more than 80 years of materials expertise, the Company is a global industrial technology leader, helping customers across the aerospace, earthworks, energy, general engineering and transportation end markets manufacture with precision and efficiency. This expertise includes the development and application of tungsten carbides, ceramics, super-hard materials and solutions used in metal cutting and extreme wear applications to keep customers up and running longer against conditions such as corrosion and high temperatures.</span></div><div style="margin-top:6pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Our standard and custom product offering spans metal cutting and wear applications including turning, milling, hole making, tooling systems and services, as well as specialized wear components and metallurgical powders. End users of the Company's metal cutting products include manufacturers engaged in a diverse array of industries including: the manufacturers of transportation vehicles and components, machine tools and light and heavy machinery; airframe and aerospace components; and energy-related components for the oil and gas industry, as well as power generation. The Company’s wear and metallurgical powders are used by producers and suppliers in equipment-intensive operations such as road construction, mining, quarrying, and oil and gas exploration, refining, production and supply.</span></div><div style="margin-top:6pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Unless otherwise specified, any reference to a “year” is to a fiscal year ended June 30. When used in this Annual Report on Form 10-K, unless the context requires otherwise, the terms “we,” “our” and “us” refer to Kennametal Inc. and its subsidiaries.</span></div>
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USE OF ESTIMATES IN THE PREPARATION OF FINANCIAL STATEMENTS In preparing our consolidated financial statements in conformity with accounting principles generally accepted in the United States of America (U.S. GAAP), we make judgments and estimates about the amounts reflected in our consolidated financial statements. As part of our financial reporting process, our management collaborates to determine the necessary information on which to base our judgments and develop estimates used to prepare the consolidated financial statements. We use historical experience and available information to make these judgments and estimates. However, different amounts could be reported using different assumptions and in light of different facts and circumstances. Therefore, actual amounts could differ from the estimates reflected in our consolidated financial statements.
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CY2020 us-gaap Goodwill Impairment Loss
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CY2020Q2 us-gaap Goodwill Impaired Accumulated Impairment Loss
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810872000 USD
CY2020Q2 us-gaap Goodwill
Goodwill
270580000 USD
CY2021 us-gaap Goodwill Period Increase Decrease
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7035000 USD
CY2021Q2 us-gaap Goodwill Gross
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1088487000 USD
CY2021Q2 us-gaap Goodwill Impaired Accumulated Impairment Loss
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810872000 USD
CY2021Q2 us-gaap Goodwill
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277615000 USD
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274013000 USD
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153972000 USD
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269954000 USD
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137386000 USD
CY2021 us-gaap Amortization Of Intangible Assets
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14000000.0 USD
CY2020 us-gaap Amortization Of Intangible Assets
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13800000 USD
CY2019 us-gaap Amortization Of Intangible Assets
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14400000 USD
CY2021Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
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12500000 USD
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12300000 USD
CY2021Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
11100000 USD
CY2021Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
9900000 USD
CY2021Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
9500000 USD
CY2021 us-gaap Short Term Lease Cost
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2400000 USD
CY2020 us-gaap Short Term Lease Cost
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6400000 USD
CY2021 us-gaap Lease And Rental Expense
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20200000 USD
CY2020 us-gaap Lease And Rental Expense
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22600000 USD
CY2019 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
26600000 USD
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P8Y
CY2020Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P8Y7M6D
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0.033
CY2020Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
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0.033
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17651000 USD
CY2020 us-gaap Operating Lease Payments
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15635000 USD
CY2021 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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17235000 USD
CY2020 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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16171000 USD
CY2021Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Rolling Twelve Months
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15062000 USD
CY2021Q2 us-gaap Lessee Operating Lease Liability Payments Due In Rolling Year Two
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11466000 USD
CY2021Q2 us-gaap Lessee Operating Lease Liability Payments Due In Rolling Year Three
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7993000 USD
CY2021Q2 us-gaap Lessee Operating Lease Liability Payments Due In Rolling Year Four
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5346000 USD
CY2021Q2 us-gaap Lessee Operating Lease Liability Payments Due In Rolling Year Five
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2983000 USD
CY2021Q2 us-gaap Lessee Operating Lease Liability Payments Due After Rolling Year Five
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15840000 USD
CY2021Q2 us-gaap Lessee Operating Lease Liability Payments Due
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58690000 USD
CY2021Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
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7670000 USD
CY2021Q2 us-gaap Operating Lease Liability
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51020000 USD
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51783000 USD
CY2020Q2 us-gaap Accrued Employee Benefits Current
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20194000 USD
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19851000 USD
CY2020Q2 us-gaap Restructuring Reserve Current
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34910000 USD
CY2021Q2 us-gaap Accrued Professional Fees Current
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8428000 USD
CY2020Q2 us-gaap Accrued Professional Fees Current
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7724000 USD
CY2021Q2 us-gaap Accrued Payroll Taxes Current
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6873000 USD
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5053000 USD
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3520000 USD
CY2020Q2 us-gaap Interest Payable Current
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7630000 USD
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67147000 USD
CY2020Q2 us-gaap Other Sundry Liabilities Current
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68766000 USD
CY2021Q2 us-gaap Other Liabilities Current
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157602000 USD
CY2020Q2 us-gaap Other Liabilities Current
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144277000 USD
CY2021Q2 us-gaap Long Term Debt And Capital Lease Obligations Including Current Maturities
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598306000 USD
CY2020Q2 us-gaap Long Term Debt And Capital Lease Obligations Including Current Maturities
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598204000 USD
CY2021Q2 us-gaap Deferred Finance Costs Net
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6198000 USD
CY2020Q2 us-gaap Deferred Finance Costs Net
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4121000 USD
CY2021Q2 us-gaap Long Term Debt And Capital Lease Obligations
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592108000 USD
CY2020Q2 us-gaap Long Term Debt And Capital Lease Obligations
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594083000 USD
CY2021 us-gaap Proceeds From Derivative Instrument Financing Activities
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10200000 USD
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9600000 USD
CY2021Q2 us-gaap Long Term Debt Fair Value
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644200000 USD
CY2020Q2 us-gaap Long Term Debt Fair Value
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630200000 USD
CY2021Q2 us-gaap Short Term Bank Loans And Notes Payable
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8400000 USD
CY2020Q2 us-gaap Notes Payable
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400000 USD
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
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CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
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CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
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60756000 USD
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125435000 USD
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
78067000 USD
CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
250479000 USD
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
64660000 USD
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
1960000 USD
CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
311235000 USD
CY2021 us-gaap Current Federal Tax Expense Benefit
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39000 USD
CY2020 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
-3558000 USD
CY2019 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
5679000 USD
CY2021 us-gaap Current State And Local Tax Expense Benefit
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133000 USD
CY2020 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
905000 USD
CY2019 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
321000 USD
CY2021 us-gaap Current Foreign Tax Expense Benefit
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30726000 USD
CY2020 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
33559000 USD
CY2019 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
54553000 USD
CY2021 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
30898000 USD
CY2020 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
30906000 USD
CY2019 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
60553000 USD
CY2021 us-gaap Deferred Federal Income Tax Expense Benefit
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-23170000 USD
CY2020 us-gaap Deferred Federal Income Tax Expense Benefit
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CY2019 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
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CY2021 us-gaap Deferred State And Local Income Tax Expense Benefit
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CY2020 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
724000 USD
CY2019 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
45000 USD
CY2021 us-gaap Deferred Foreign Income Tax Expense Benefit
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1463000 USD
CY2020 us-gaap Deferred Foreign Income Tax Expense Benefit
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CY2019 us-gaap Deferred Foreign Income Tax Expense Benefit
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6367000 USD
CY2021 us-gaap Deferred Income Taxes And Tax Credits
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CY2020 us-gaap Deferred Income Taxes And Tax Credits
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CY2019 us-gaap Deferred Income Taxes And Tax Credits
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2806000 USD
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
6243000 USD
CY2020 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
7007000 USD
CY2019 us-gaap Income Tax Expense Benefit
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63359000 USD
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0.097
CY2020 us-gaap Effective Income Tax Rate Continuing Operations
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3.575
CY2019 us-gaap Effective Income Tax Rate Continuing Operations
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0.204
CY2021 kmt Cares Act Period Of Preceding Taxable Years For Net Operating Loss Carryback
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5 Segment
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1 USD
CY2021Q2 kmt Allowable Business Interest Deduction Percent Before Cares Act
AllowableBusinessInterestDeductionPercentBeforeCARESAct
0.30 USD
CY2021Q2 kmt Allowable Business Interest Deduction Percent After Cares Act
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0.50 USD
CY2020 kmt Discrete Benefit For Swiss Tax Reform
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CY2021 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
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13579000 USD
CY2020 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
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412000 USD
CY2019 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
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65359000 USD
CY2021 us-gaap Income Tax Reconciliation State And Local Income Taxes
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CY2020 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
1283000 USD
CY2019 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
289000 USD
CY2021 kmt Us Income Tax Provided On International Income
UsIncomeTaxProvidedOnInternationalIncome
-6479000 USD
CY2020 kmt Us Income Tax Provided On International Income
UsIncomeTaxProvidedOnInternationalIncome
12422000 USD
CY2019 kmt Us Income Tax Provided On International Income
UsIncomeTaxProvidedOnInternationalIncome
7347000 USD
CY2021 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
5860000 USD
CY2020 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
10583000 USD
CY2019 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
162000 USD
CY2020 us-gaap Income Tax Reconciliation Nondeductible Expense Impairment Losses
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5651000 USD
CY2021 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
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1127000 USD
CY2020 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
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755000 USD
CY2019 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
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-1473000 USD
CY2021 us-gaap Income Tax Reconciliation Tax Credits Research
IncomeTaxReconciliationTaxCreditsResearch
3055000 USD
CY2020 us-gaap Income Tax Reconciliation Tax Credits Research
IncomeTaxReconciliationTaxCreditsResearch
4093000 USD
CY2019 us-gaap Income Tax Reconciliation Tax Credits Research
IncomeTaxReconciliationTaxCreditsResearch
3911000 USD
CY2021 kmt Reconciliation Of Income Taxes Change In Indefinite Reinvestment Assertion
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0 USD
CY2020 kmt Reconciliation Of Income Taxes Change In Indefinite Reinvestment Assertion
ReconciliationOfIncomeTaxesChangeInIndefiniteReinvestmentAssertion
0 USD
CY2019 kmt Reconciliation Of Income Taxes Change In Indefinite Reinvestment Assertion
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6093000 USD
CY2021 kmt Effectiveincometaxratereconciliation Combinedeffectsoftaxreform Amount
EffectiveincometaxratereconciliationCombinedeffectsoftaxreformAmount
0 USD
CY2020 kmt Effectiveincometaxratereconciliation Combinedeffectsoftaxreform Amount
EffectiveincometaxratereconciliationCombinedeffectsoftaxreformAmount
0 USD
CY2019 kmt Effectiveincometaxratereconciliation Combinedeffectsoftaxreform Amount
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-9280000 USD
CY2020 kmt Discrete Benefit For Swiss Tax Reform
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-14500000 USD
CY2020 kmt Effective Income Tax Rate Reconciliation Combined Effects Of Uscares Act Amount
EffectiveIncomeTaxRateReconciliationCombinedEffectsOfUSCARESActAmount
-6913000 USD
CY2021 us-gaap Income Tax Reconciliation Other Reconciling Items
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-3465000 USD
CY2021 us-gaap Income Tax Reconciliation Other Adjustments
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401000 USD
CY2020 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
1407000 USD
CY2019 us-gaap Income Tax Reconciliation Other Adjustments
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CY2021 us-gaap Income Tax Expense Benefit
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6243000 USD
CY2020 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
7007000 USD
CY2019 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
63359000 USD
CY2021 us-gaap Income Tax Reconciliation Other Reconciling Items
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-3500000 USD
CY2019 kmt Effectiveincometaxratereconciliation Combinedeffectsoftaxreform Amount
EffectiveincometaxratereconciliationCombinedeffectsoftaxreformAmount
-9300000 USD
CY2020 kmt Discrete Benefit For Swiss Tax Reform
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-14500000 USD
CY2019 us-gaap Unrecognized Tax Benefits Period Increase Decrease
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5300000 USD
CY2021Q2 us-gaap Deferred Tax Assets Operating Loss Carryforwards
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44258000 USD
CY2020Q2 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
31891000 USD
CY2021Q2 us-gaap Deferred Tax Assets Inventory
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11068000 USD
CY2020Q2 us-gaap Deferred Tax Assets Inventory
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8220000 USD
CY2021Q2 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Pensions
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7136000 USD
CY2020Q2 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Pensions
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19608000 USD
CY2021Q2 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Postretirement Benefits
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3486000 USD
CY2020Q2 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Postretirement Benefits
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4110000 USD
CY2021Q2 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Employee Benefits
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11168000 USD
CY2020Q2 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Employee Benefits
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsEmployeeBenefits
11650000 USD
CY2021Q2 kmt Deferred Tax Asset Tax Deferred Expense Operating Lease Liabilities
DeferredTaxAssetTaxDeferredExpenseOperatingLeaseLiabilities
12652000 USD
CY2020Q2 kmt Deferred Tax Asset Tax Deferred Expense Operating Lease Liabilities
DeferredTaxAssetTaxDeferredExpenseOperatingLeaseLiabilities
11889000 USD
CY2021Q2 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Accrued Liabilities
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAccruedLiabilities
15596000 USD
CY2020Q2 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Accrued Liabilities
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAccruedLiabilities
7310000 USD
CY2021Q2 us-gaap Deferred Tax Assets Tax Credit Carryforwards
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32490000 USD
CY2020Q2 us-gaap Deferred Tax Assets Tax Credit Carryforwards
DeferredTaxAssetsTaxCreditCarryforwards
21048000 USD
CY2021Q2 us-gaap Deferred Tax Assets Goodwill And Intangible Assets
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7784000 USD
CY2020Q2 us-gaap Deferred Tax Assets Goodwill And Intangible Assets
DeferredTaxAssetsGoodwillAndIntangibleAssets
10531000 USD
CY2020Q2 us-gaap Deferred Tax Assets Other
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364000 USD
CY2021Q2 us-gaap Deferred Tax Assets Gross
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145638000 USD
CY2020Q2 us-gaap Deferred Tax Assets Gross
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126621000 USD
CY2021Q2 us-gaap Deferred Tax Assets Valuation Allowance
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21263000 USD
CY2020Q2 us-gaap Deferred Tax Assets Valuation Allowance
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16654000 USD
CY2021Q2 us-gaap Deferred Tax Assets Net
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124375000 USD
CY2020Q2 us-gaap Deferred Tax Assets Net
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109967000 USD
CY2021Q2 us-gaap Deferred Tax Liabilities Property Plant And Equipment
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63020000 USD
CY2020Q2 us-gaap Deferred Tax Liabilities Property Plant And Equipment
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67411000 USD
CY2021Q2 kmt Deferred Tax Liabilities Operating Lease Right Of Use Assets
DeferredTaxLiabilitiesOperatingLeaseRightOfUseAssets
12502000 USD
CY2020Q2 kmt Deferred Tax Liabilities Operating Lease Right Of Use Assets
DeferredTaxLiabilitiesOperatingLeaseRightOfUseAssets
11715000 USD
CY2021Q2 us-gaap Deferred Tax Liabilities Undistributed Foreign Earnings
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6429000 USD
CY2020Q2 us-gaap Deferred Tax Liabilities Undistributed Foreign Earnings
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5855000 USD
CY2021Q2 us-gaap Deferred Tax Liabilities Other
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7392000 USD
CY2021Q2 us-gaap Deferred Tax Liabilities
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89343000 USD
CY2020Q2 us-gaap Deferred Tax Liabilities
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84981000 USD
CY2021Q2 us-gaap Deferred Tax Assets Liabilities Net
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35032000 USD
CY2020Q2 us-gaap Deferred Tax Assets Liabilities Net
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24986000 USD
CY2021Q2 kmt Deferred Tax Assets No Ls Tax Credits And Other Carryforwards
DeferredTaxAssetsNOLsTaxCreditsAndOtherCarryforwards
57000000.0 USD
CY2021Q2 us-gaap Deferred Tax Assets Tax Credit Carryforwards
DeferredTaxAssetsTaxCreditCarryforwards
32500000 USD
CY2021Q2 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
44300000 USD
CY2021Q2 us-gaap Deferred Tax Assets Valuation Allowance
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21300000 USD
CY2021 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
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4600000 USD
CY2020Q2 us-gaap Undistributed Earnings Of Foreign Subsidiaries
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1500000000 USD
CY2021Q2 us-gaap Deferred Tax Liabilities Undistributed Foreign Earnings
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6400000 USD
CY2020Q2 us-gaap Unrecognized Tax Benefits
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8680000 USD
CY2019Q2 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
8952000 USD
CY2018Q2 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
5775000 USD
CY2021 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
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0 USD
CY2020 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
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0 USD
CY2019 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
7384000 USD
CY2021 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
0 USD
CY2020 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
0 USD
CY2019 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
3765000 USD
CY2021 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
229000 USD
CY2020 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
214000 USD
CY2019 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
324000 USD
CY2021 us-gaap Unrecognized Tax Benefits Decreases Resulting From Foreign Currency Translation
UnrecognizedTaxBenefitsDecreasesResultingFromForeignCurrencyTranslation
205000 USD
CY2020 us-gaap Unrecognized Tax Benefits Increases Resulting From Foreign Currency Translation
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P2Y7M6D
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OtherNonoperatingIncomeExpense
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IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
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CY2021Q2 us-gaap Assets
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CY2021Q2 kmt Numberofcountriesin Other
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27
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PropertyPlantAndEquipmentNet
1038300000 USD
CY2019Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
934900000 USD

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