$KRO
KRONOS WORLDWIDE INC

2020 Q1 Form 10-Q Financial Statement

#000156459020021943 Filed on May 06, 2020

View on sec.gov

Income Statement

Concept 2020 Q1 2019 Q1
Revenue $421.0M $436.5M
YoY Change -3.55% 1.42%
Cost Of Revenue $332.9M $327.2M
YoY Change 1.74% 28.01%
Gross Profit $88.10M $109.3M
YoY Change -19.4% -37.47%
Gross Profit Margin 20.93% 25.04%
Selling, General & Admin $53.50M $57.70M
YoY Change -7.28% -1.2%
% of Gross Profit 60.73% 52.79%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $14.90M $10.60M
YoY Change 40.57% -13.82%
% of Gross Profit 16.91% 9.7%
Operating Expenses $53.50M $57.70M
YoY Change -7.28% -7.38%
Operating Profit $43.50M $49.00M
YoY Change -11.22% -56.44%
Interest Expense $7.300M $4.800M
YoY Change 52.08% 0.0%
% of Operating Profit 16.78% 9.8%
Other Income/Expense, Net -$4.700M -$3.800M
YoY Change 23.68% 0.0%
Pretax Income $35.40M $43.10M
YoY Change -17.87% -56.77%
Income Tax $8.400M $12.80M
% Of Pretax Income 23.73% 29.7%
Net Earnings $27.00M $30.30M
YoY Change -10.89% -57.14%
Net Earnings / Revenue 6.41% 6.94%
Basic Earnings Per Share
Diluted Earnings Per Share $233.6K $261.4K
COMMON SHARES
Basic Shares Outstanding 115.7M 115.9M
Diluted Shares Outstanding

Balance Sheet

Concept 2020 Q1 2019 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $341.5M $339.5M
YoY Change 0.59% -6.88%
Cash & Equivalents $342.9M $340.6M
Short-Term Investments
Other Short-Term Assets $12.10M $13.80M
YoY Change -12.32% 31.43%
Inventory $479.4M $495.8M
Prepaid Expenses
Receivables $305.3M $326.4M
Other Receivables $25.10M $27.60M
Total Short-Term Assets $1.163B $1.203B
YoY Change -3.3% 0.64%
LONG-TERM ASSETS
Property, Plant & Equipment $486.0M $482.4M
YoY Change 0.75% -6.17%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $94.20M $86.10M
YoY Change 9.41% -4.44%
Other Assets $131.2M $4.100M
YoY Change 3100.0% -97.05%
Total Long-Term Assets $711.4M $724.0M
YoY Change -1.74% -2.57%
TOTAL ASSETS
Total Short-Term Assets $1.163B $1.203B
Total Long-Term Assets $711.4M $724.0M
Total Assets $1.875B $1.927B
YoY Change -2.71% -0.59%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $111.2M $111.8M
YoY Change -0.54% -4.77%
Accrued Expenses $49.10M $57.20M
YoY Change -14.16% -2.39%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $1.400M $1.500M
YoY Change -6.67% 114.29%
Total Short-Term Liabilities $231.2M $241.3M
YoY Change -4.19% -7.58%
LONG-TERM LIABILITIES
Long-Term Debt $436.3M $445.8M
YoY Change -2.13% -8.54%
Other Long-Term Liabilities $406.0M $367.0M
YoY Change 10.63% 1.86%
Total Long-Term Liabilities $842.3M $445.8M
YoY Change 88.94% -47.41%
TOTAL LIABILITIES
Total Short-Term Liabilities $231.2M $241.3M
Total Long-Term Liabilities $842.3M $445.8M
Total Liabilities $1.093B $1.076B
YoY Change 1.55% -3.97%
SHAREHOLDERS EQUITY
Retained Earnings -$126.3M
YoY Change
Common Stock $1.397B
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $1.000M
YoY Change
Treasury Stock Shares
Shareholders Equity $782.3M $851.3M
YoY Change
Total Liabilities & Shareholders Equity $1.875B $1.927B
YoY Change -2.71% -0.59%

Cashflow Statement

Concept 2020 Q1 2019 Q1
OPERATING ACTIVITIES
Net Income $27.00M $30.30M
YoY Change -10.89% -57.14%
Depreciation, Depletion And Amortization $14.90M $10.60M
YoY Change 40.57% -13.82%
Cash From Operating Activities -$9.800M $7.000M
YoY Change -240.0% -87.97%
INVESTING ACTIVITIES
Capital Expenditures $15.30M $16.00M
YoY Change -4.38% 5.26%
Acquisitions
YoY Change
Other Investing Activities $1.500M -$1.500M
YoY Change -200.0% -111.03%
Cash From Investing Activities -$13.80M -$17.50M
YoY Change -21.14% 993.75%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $1.000M
YoY Change
Debt Paid & Issued, Net $100.0K $100.0K
YoY Change 0.0% 0.0%
Cash From Financing Activities -21.90M -21.00M
YoY Change 4.29% 6.06%
NET CHANGE
Cash From Operating Activities -9.800M 7.000M
Cash From Investing Activities -13.80M -17.50M
Cash From Financing Activities -21.90M -21.00M
Net Change In Cash -45.50M -31.50M
YoY Change 44.44% -185.6%
FREE CASH FLOW
Cash From Operating Activities -$9.800M $7.000M
Capital Expenditures $15.30M $16.00M
Free Cash Flow -$25.10M -$9.000M
YoY Change 178.89% -120.93%

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