$KRO
KRONOS WORLDWIDE INC

2013 Q2 Form 10-Q Financial Statement

#000119312513207762 Filed on May 08, 2013

View on sec.gov

Income Statement

Concept 2013 Q2 2013 Q1 2012 Q4
Revenue $481.1M $463.6M $396.8M
YoY Change -11.77% -17.41% -9.28%
Cost Of Revenue $471.5M $459.7M $347.2M
YoY Change 23.43% 53.34% 42.7%
Gross Profit $9.600M $3.900M $49.60M
YoY Change -94.12% -98.51% -74.45%
Gross Profit Margin 2.0% 0.84% 12.5%
Selling, General & Admin $49.30M $49.40M $58.10M
YoY Change 4.67% 1.23% 15.51%
% of Gross Profit 513.54% 1266.67% 117.14%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $12.40M $12.60M $12.40M
YoY Change 3.33% 5.88% 6.9%
% of Gross Profit 129.17% 323.08% 25.0%
Operating Expenses $49.30M $49.40M $47.00M
YoY Change 4.67% 1.23% -10.31%
Operating Profit -$47.70M -$46.90M $2.600M
YoY Change -143.13% -122.4% -98.17%
Interest Expense $5.700M $6.400M -$8.700M
YoY Change -14.93% 1.59% 335.0%
% of Operating Profit -334.62%
Other Income/Expense, Net
YoY Change
Pretax Income -$53.10M -$59.60M -$7.100M
YoY Change -153.8% -129.02% -105.12%
Income Tax -$19.20M -$18.50M $11.00M
% Of Pretax Income
Net Earnings -$33.90M -$41.10M -$18.10M
YoY Change -152.56% -130.02% -121.1%
Net Earnings / Revenue -7.05% -8.87% -4.56%
Basic Earnings Per Share
Diluted Earnings Per Share -$292.5K -$354.6K -$156.2K
COMMON SHARES
Basic Shares Outstanding 115.9M shares 115.9M shares 115.9M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2013 Q2 2013 Q1 2012 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $102.0M $102.2M $282.7M
YoY Change 11.35% 113.36% 173.4%
Cash & Equivalents $102.0M $102.2M $282.7M
Short-Term Investments $0.00
Other Short-Term Assets $13.20M $15.00M $16.60M
YoY Change -26.26% -18.03% -5.14%
Inventory $449.8M $531.3M $638.3M
Prepaid Expenses
Receivables $316.2M $302.8M $228.6M
Other Receivables $44.30M $84.20M $57.20M
Total Short-Term Assets $925.5M $1.036B $1.223B
YoY Change -22.14% -4.43% 41.43%
LONG-TERM ASSETS
Property, Plant & Equipment $507.9M $503.2M $522.5M
YoY Change 8.78% 1.23% 7.62%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $119.0M $127.8M $131.5M
YoY Change -33.22% -34.83% -29.9%
Other Assets $24.60M $25.10M $29.10M
YoY Change -80.65% -81.17% 74.25%
Total Long-Term Assets $308.9M $321.6M $281.1M
YoY Change -66.68% -67.14% -40.62%
TOTAL ASSETS
Total Short-Term Assets $925.5M $1.036B $1.223B
Total Long-Term Assets $308.9M $321.6M $281.1M
Total Assets $1.742B $1.860B $2.027B
YoY Change -17.65% -9.79% 11.14%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $154.6M $178.1M $161.3M
YoY Change -41.68% 2.06% -13.56%
Accrued Expenses $33.50M $40.50M $44.70M
YoY Change -15.83% -22.12% -14.37%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $20.90M $21.10M $21.20M
YoY Change -3.69% 955.0% 863.64%
Total Short-Term Liabilities $275.7M $329.8M $328.4M
YoY Change -29.67% 4.3% 0.12%
LONG-TERM LIABILITIES
Long-Term Debt $286.9M $278.6M $378.9M
YoY Change -39.64% -41.9% 4.41%
Other Long-Term Liabilities $30.60M $31.40M $30.30M
YoY Change -80.84% -81.55% 10.58%
Total Long-Term Liabilities $529.7M $548.0M $636.5M
YoY Change -16.58% -15.65% 11.35%
TOTAL LIABILITIES
Total Short-Term Liabilities $275.7M $329.8M $328.4M
Total Long-Term Liabilities $529.7M $548.0M $636.5M
Total Liabilities $805.4M $877.8M $964.9M
YoY Change -24.15% -12.85% 7.26%
SHAREHOLDERS EQUITY
Retained Earnings -$250.9M -$199.6M -$141.1M
YoY Change -51.36%
Common Stock $1.200M $1.200M $1.200M
YoY Change 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $936.9M $982.5M $1.062B
YoY Change
Total Liabilities & Shareholders Equity $1.742B $1.860B $2.027B
YoY Change -17.65% -9.79% 11.14%

Cashflow Statement

Concept 2013 Q2 2013 Q1 2012 Q4
OPERATING ACTIVITIES
Net Income -$33.90M -$41.10M -$18.10M
YoY Change -152.56% -130.02% -121.1%
Depreciation, Depletion And Amortization $12.40M $12.60M $12.40M
YoY Change 3.33% 5.88% 6.9%
Cash From Operating Activities $24.20M -$39.30M $19.40M
YoY Change -35.81% -62.46% -62.84%
INVESTING ACTIVITIES
Capital Expenditures -$14.80M $19.00M -$29.30M
YoY Change 72.09% -18.45% -2.01%
Acquisitions
YoY Change
Other Investing Activities -$400.0K $700.0K $236.6M
YoY Change -87.5% -80.0% -1709.52%
Cash From Investing Activities -$15.20M -$18.30M $207.3M
YoY Change 28.81% -7.58% -564.8%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $295.3M
YoY Change 73725.0%
Cash From Financing Activities -10.00M -120.9M -55.30M
YoY Change -151.55% -234.93% 52.34%
NET CHANGE
Cash From Operating Activities 24.20M -39.30M 19.40M
Cash From Investing Activities -15.20M -18.30M 207.3M
Cash From Financing Activities -10.00M -120.9M -55.30M
Net Change In Cash -1.000M -178.5M 171.4M
YoY Change -102.21% 411.46% -697.21%
FREE CASH FLOW
Cash From Operating Activities $24.20M -$39.30M $19.40M
Capital Expenditures -$14.80M $19.00M -$29.30M
Free Cash Flow $39.00M -$58.30M $48.70M
YoY Change -15.77% -54.45% -40.68%

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