$KRO
KRONOS WORLDWIDE INC

2022 Q1 Form 10-Q Financial Statement

#000155837022007049 Filed on May 04, 2022

View on sec.gov

Income Statement

Concept 2022 Q1 2021 Q1
Revenue $562.9M $465.0M
YoY Change 21.05% 10.45%
Cost Of Revenue $413.6M $369.3M
YoY Change 12.0% 10.93%
Gross Profit $149.3M $95.70M
YoY Change 56.01% 8.63%
Gross Profit Margin 26.52% 20.58%
Selling, General & Admin $61.40M $58.00M
YoY Change 5.86% 8.41%
% of Gross Profit 41.13% 60.61%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $12.90M $12.70M
YoY Change 1.57% -14.77%
% of Gross Profit 8.64% 13.27%
Operating Expenses $61.40M $58.00M
YoY Change 5.86% 8.41%
Operating Profit $83.30M $34.00M
YoY Change 145.0% -21.84%
Interest Expense $4.500M $5.000M
YoY Change -10.0% -31.51%
% of Operating Profit 5.4% 14.71%
Other Income/Expense, Net -$3.200M -$4.300M
YoY Change -25.58% -8.51%
Pretax Income $75.80M $25.60M
YoY Change 196.09% -27.68%
Income Tax $18.30M $6.000M
% Of Pretax Income 24.14% 23.44%
Net Earnings $57.50M $19.60M
YoY Change 193.37% -27.41%
Net Earnings / Revenue 10.21% 4.22%
Basic Earnings Per Share $0.50 $0.17
Diluted Earnings Per Share $0.50 $0.17
COMMON SHARES
Basic Shares Outstanding 115.5M 115.5M
Diluted Shares Outstanding 115.5M 115.5M

Balance Sheet

Concept 2022 Q1 2021 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $350.0M $373.6M
YoY Change -6.32% 9.4%
Cash & Equivalents $350.0M $379.9M
Short-Term Investments
Other Short-Term Assets $48.90M $15.30M
YoY Change 219.61% 26.45%
Inventory $464.2M $473.0M
Prepaid Expenses
Receivables $371.0M $312.7M
Other Receivables $45.40M $25.60M
Total Short-Term Assets $1.280B $1.200B
YoY Change 6.61% 3.16%
LONG-TERM ASSETS
Property, Plant & Equipment $503.8M $531.7M
YoY Change -5.25% 9.4%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $110.0M $109.7M
YoY Change 0.27% 16.45%
Other Assets $14.70M $155.0M
YoY Change -90.52% 18.14%
Total Long-Term Assets $755.8M $796.4M
YoY Change -5.1% 11.95%
TOTAL ASSETS
Total Short-Term Assets $1.280B $1.200B
Total Long-Term Assets $755.8M $796.4M
Total Assets $2.035B $1.997B
YoY Change 1.94% 6.5%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $132.5M $158.5M
YoY Change -16.4% 42.54%
Accrued Expenses $46.00M $51.20M
YoY Change -10.16% 4.28%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $1.400M $700.0K
YoY Change 100.0% -50.0%
Total Short-Term Liabilities $281.1M $255.2M
YoY Change 10.15% 10.38%
LONG-TERM LIABILITIES
Long-Term Debt $443.8M $465.9M
YoY Change -4.74% 6.78%
Other Long-Term Liabilities $26.30M $26.50M
YoY Change -0.75% -93.47%
Total Long-Term Liabilities $840.6M $492.4M
YoY Change 70.71% -41.54%
TOTAL LIABILITIES
Total Short-Term Liabilities $281.1M $255.2M
Total Long-Term Liabilities $840.6M $492.4M
Total Liabilities $1.122B $1.196B
YoY Change -6.19% 9.45%
SHAREHOLDERS EQUITY
Retained Earnings -$86.50M
YoY Change
Common Stock $1.396B
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $1.100M
YoY Change
Treasury Stock Shares
Shareholders Equity $913.6M $800.9M
YoY Change
Total Liabilities & Shareholders Equity $2.035B $1.997B
YoY Change 1.94% 6.5%

Cashflow Statement

Concept 2022 Q1 2021 Q1
OPERATING ACTIVITIES
Net Income $57.50M $19.60M
YoY Change 193.37% -27.41%
Depreciation, Depletion And Amortization $12.90M $12.70M
YoY Change 1.57% -14.77%
Cash From Operating Activities -$18.60M $56.70M
YoY Change -132.8% -678.57%
INVESTING ACTIVITIES
Capital Expenditures $14.20M $10.80M
YoY Change 31.48% -29.41%
Acquisitions
YoY Change
Other Investing Activities $0.00
YoY Change -100.0%
Cash From Investing Activities -$14.20M -$10.80M
YoY Change 31.48% -21.74%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $1.100M
YoY Change
Debt Paid & Issued, Net $200.0K $200.0K
YoY Change 0.0% 100.0%
Cash From Financing Activities -23.20M -21.00M
YoY Change 10.48% -4.11%
NET CHANGE
Cash From Operating Activities -18.60M 56.70M
Cash From Investing Activities -14.20M -10.80M
Cash From Financing Activities -23.20M -21.00M
Net Change In Cash -41.80M 35.70M
YoY Change -217.09% -178.46%
FREE CASH FLOW
Cash From Operating Activities -$18.60M $56.70M
Capital Expenditures $14.20M $10.80M
Free Cash Flow -$32.80M $45.90M
YoY Change -171.46% -282.87%

Facts In Submission

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