$KRO
KRONOS WORLDWIDE INC

2020 Q3 Form 10-Q Financial Statement

#000156459020050490 Filed on November 04, 2020

View on sec.gov

Income Statement

Concept 2020 Q3 2019 Q3 2019 Q2
Revenue $416.9M $437.4M $484.5M
YoY Change -4.69% 6.6% 2.69%
Cost Of Revenue $336.3M $349.7M $375.0M
YoY Change -3.83% 20.09% 25.0%
Gross Profit $80.60M $87.70M $109.5M
YoY Change -8.1% -26.36% -36.26%
Gross Profit Margin 19.33% 20.05% 22.6%
Selling, General & Admin $55.60M $56.90M $57.90M
YoY Change -2.28% -0.7% -0.17%
% of Gross Profit 68.98% 64.88% 52.88%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $13.80M $11.80M $11.90M
YoY Change 16.95% -4.84% -2.46%
% of Gross Profit 17.12% 13.45% 10.87%
Operating Expenses $58.40M $56.90M $61.90M
YoY Change 2.64% -0.7% 0.32%
Operating Profit $22.20M $33.10M $47.60M
YoY Change -32.93% -43.03% -56.77%
Interest Expense -$7.300M $4.600M $4.700M
YoY Change -258.7% -6.12% -6.0%
% of Operating Profit -32.88% 13.9% 9.87%
Other Income/Expense, Net -$5.000M -$3.800M -$3.800M
YoY Change 31.58% 2.7% 0.0%
Pretax Income $9.900M $24.20M $40.90M
YoY Change -59.09% -48.18% -62.85%
Income Tax $1.800M $6.300M $11.40M
% Of Pretax Income 18.18% 26.03% 27.87%
Net Earnings $8.100M $17.90M $29.50M
YoY Change -54.75% -45.09% -62.03%
Net Earnings / Revenue 1.94% 4.09% 6.09%
Basic Earnings Per Share
Diluted Earnings Per Share $70.13K $154.7K $254.5K
COMMON SHARES
Basic Shares Outstanding 115.5M
Diluted Shares Outstanding

Balance Sheet

Concept 2020 Q3 2019 Q3 2019 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $348.4M $385.8M $328.6M
YoY Change -9.69% -10.76% -23.92%
Cash & Equivalents $353.9M $386.9M $328.6M
Short-Term Investments
Other Short-Term Assets $21.60M $17.90M $12.50M
YoY Change 20.67% -6.77% -12.59%
Inventory $504.2M $434.9M $488.6M
Prepaid Expenses
Receivables $294.1M $331.9M $380.6M
Other Receivables $20.40M $16.40M $20.00M
Total Short-Term Assets $1.189B $1.187B $1.230B
YoY Change 0.15% -4.16% -0.02%
LONG-TERM ASSETS
Property, Plant & Equipment $512.0M $465.5M $487.1M
YoY Change 9.99% -5.37% -0.06%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $98.70M $86.40M $90.90M
YoY Change 14.24% 3.23% 2.6%
Other Assets $6.400M $111.0M $3.600M
YoY Change -94.23% 1994.34% -97.09%
Total Long-Term Assets $758.2M $698.0M $728.3M
YoY Change 8.62% 0.22% 4.06%
TOTAL ASSETS
Total Short-Term Assets $1.189B $1.187B $1.230B
Total Long-Term Assets $758.2M $698.0M $728.3M
Total Assets $1.947B $1.885B $1.959B
YoY Change 3.29% -2.58% 1.46%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $108.9M $113.2M $139.4M
YoY Change -3.8% 6.99% 15.59%
Accrued Expenses $59.40M $56.50M $46.90M
YoY Change 5.13% 3.67% 19.34%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $1.500M $1.500M $1.500M
YoY Change 0.0% 114.29% 114.29%
Total Short-Term Liabilities $235.5M $227.5M $249.1M
YoY Change 3.52% -8.85% -6.14%
LONG-TERM LIABILITIES
Long-Term Debt $465.9M $434.6M $452.2M
YoY Change 7.2% -6.58% -1.89%
Other Long-Term Liabilities $28.70M $24.90M $25.80M
YoY Change 15.26% 14.75% -92.39%
Total Long-Term Liabilities $494.6M $810.5M $841.5M
YoY Change -38.98% -0.17% 82.58%
TOTAL LIABILITIES
Total Short-Term Liabilities $235.5M $227.5M $249.1M
Total Long-Term Liabilities $494.6M $810.5M $841.5M
Total Liabilities $1.145B $1.038B $1.091B
YoY Change 10.33% -2.21% 50.16%
SHAREHOLDERS EQUITY
Retained Earnings -$121.0M -$118.1M
YoY Change -13.88%
Common Stock $1.399B $1.400B
YoY Change -0.09%
Preferred Stock
YoY Change
Treasury Stock (at cost) $1.600M $1.400M
YoY Change
Treasury Stock Shares
Shareholders Equity $801.7M $846.9M $868.0M
YoY Change
Total Liabilities & Shareholders Equity $1.947B $1.885B $1.959B
YoY Change 3.29% -2.58% 1.46%

Cashflow Statement

Concept 2020 Q3 2019 Q3 2019 Q2
OPERATING ACTIVITIES
Net Income $8.100M $17.90M $29.50M
YoY Change -54.75% -45.09% -62.03%
Depreciation, Depletion And Amortization $13.80M $11.80M $11.90M
YoY Change 16.95% -4.84% -2.46%
Cash From Operating Activities $38.00M $97.80M $19.00M
YoY Change -61.15% 233.79% -82.96%
INVESTING ACTIVITIES
Capital Expenditures -$12.90M -$8.700M -$9.500M
YoY Change 48.28% -17.92% -1.04%
Acquisitions
YoY Change
Other Investing Activities $0.00 -$3.300M -$200.0K
YoY Change -100.0%
Cash From Investing Activities -$12.90M -$12.00M -$9.700M
YoY Change 7.5% 13.21% 1.04%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -20.90M -22.70M -22.40M
YoY Change -7.93% 14.07% 12.56%
NET CHANGE
Cash From Operating Activities 38.00M 97.80M 19.00M
Cash From Investing Activities -12.90M -12.00M -9.700M
Cash From Financing Activities -20.90M -22.70M -22.40M
Net Change In Cash 4.200M 63.10M -13.10M
YoY Change -93.34% -5358.33% -115.98%
FREE CASH FLOW
Cash From Operating Activities $38.00M $97.80M $19.00M
Capital Expenditures -$12.90M -$8.700M -$9.500M
Free Cash Flow $50.90M $106.5M $28.50M
YoY Change -52.21% 166.92% -76.47%

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1686008
CY2020Q3 us-gaap Stock Repurchase Program Remaining Number Of Shares Authorized To Be Repurchased
StockRepurchaseProgramRemainingNumberOfSharesAuthorizedToBeRepurchased
1563519
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
392300000
CY2019Q4 kro Cash Cash Equivalents And Restricted Cash Fair Value Disclosure
CashCashEquivalentsAndRestrictedCashFairValueDisclosure
392300000
CY2020Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
353900000
CY2020Q3 kro Cash Cash Equivalents And Restricted Cash Fair Value Disclosure
CashCashEquivalentsAndRestrictedCashFairValueDisclosure
353900000
CY2019Q4 us-gaap Senior Notes
SeniorNotes
442600000
CY2019Q4 us-gaap Notes Payable Fair Value Disclosure
NotesPayableFairValueDisclosure
457000000.0
CY2020Q3 us-gaap Senior Notes
SeniorNotes
464700000
CY2020Q3 us-gaap Notes Payable Fair Value Disclosure
NotesPayableFairValueDisclosure
465000000.0

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