$NL
NL INDUSTRIES INC

2014 Q2 Form 10-Q Financial Statement

#000156459015006704 Filed on August 07, 2015

View on sec.gov

Income Statement

Concept 2014 Q2
Revenue $26.80M
YoY Change 11.49%
Cost Of Revenue $18.20M
YoY Change 10.78%
Gross Profit $8.600M
YoY Change 13.01%
Gross Profit Margin 32.09%
Selling, General & Admin $6.600M
YoY Change 41.42%
% of Gross Profit 76.74%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $900.0K
YoY Change 12.5%
% of Gross Profit 10.47%
Operating Expenses $6.600M
YoY Change 41.42%
Operating Profit -$4.685M
YoY Change -62.28%
Interest Expense $10.40M
YoY Change 17831.03%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $5.700M
YoY Change -125.86%
Income Tax -$100.0K
% Of Pretax Income -1.75%
Net Earnings $5.500M
YoY Change -138.58%
Net Earnings / Revenue 20.52%
Basic Earnings Per Share $0.11
Diluted Earnings Per Share $111.8K
COMMON SHARES
Basic Shares Outstanding
Diluted Shares Outstanding

Balance Sheet

Concept 2014 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $57.90M
YoY Change -19.25%
Cash & Equivalents $57.94M
Short-Term Investments
Other Short-Term Assets $7.600M
YoY Change -18.28%
Inventory $15.88M
Prepaid Expenses
Receivables $12.30M
Other Receivables $600.0K
Total Short-Term Assets $94.20M
YoY Change -12.12%
LONG-TERM ASSETS
Property, Plant & Equipment $34.10M
YoY Change 0.0%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $375.6M
YoY Change -22.17%
Other Assets $3.000M
YoY Change 33.04%
Total Long-Term Assets $405.8M
YoY Change -20.74%
TOTAL ASSETS
Total Short-Term Assets $94.20M
Total Long-Term Assets $405.8M
Total Assets $534.1M
YoY Change -18.24%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $5.195M
YoY Change 43.11%
Accrued Expenses $9.386M
YoY Change -12.79%
Deferred Revenue
YoY Change
Short-Term Debt $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $27.05M
YoY Change 34.21%
LONG-TERM LIABILITIES
Long-Term Debt $0.00
YoY Change -100.0%
Other Long-Term Liabilities $131.7M
YoY Change 615.18%
Total Long-Term Liabilities $131.7M
YoY Change -50.25%
TOTAL LIABILITIES
Total Short-Term Liabilities $27.05M
Total Long-Term Liabilities $131.7M
Total Liabilities $276.9M
YoY Change -2.8%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $257.3M
YoY Change
Total Liabilities & Shareholders Equity $534.1M
YoY Change -18.24%

Cashflow Statement

Concept 2014 Q2
OPERATING ACTIVITIES
Net Income $5.500M
YoY Change -138.58%
Depreciation, Depletion And Amortization $900.0K
YoY Change 12.5%
Cash From Operating Activities $6.200M
YoY Change 29.17%
INVESTING ACTIVITIES
Capital Expenditures -$900.0K
YoY Change 0.0%
Acquisitions
YoY Change
Other Investing Activities $100.0K
YoY Change -93.75%
Cash From Investing Activities -$700.0K
YoY Change -200.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -100.0K
YoY Change -98.46%
NET CHANGE
Cash From Operating Activities 6.200M
Cash From Investing Activities -700.0K
Cash From Financing Activities -100.0K
Net Change In Cash 5.400M
YoY Change -640.0%
FREE CASH FLOW
Cash From Operating Activities $6.200M
Capital Expenditures -$900.0K
Free Cash Flow $7.100M
YoY Change 24.56%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
nl Income Tax Reconciliation State Income Taxes And Other Net
IncomeTaxReconciliationStateIncomeTaxesAndOtherNet
100000
CY2015Q2 us-gaap Profit Loss
ProfitLoss
-28900000
CY2015Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
367000
CY2015Q2 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
48687000
us-gaap Accrual For Environmental Loss Contingencies Period Increase Decrease
AccrualForEnvironmentalLossContingenciesPeriodIncreaseDecrease
1993000
us-gaap Increase Decrease In Due To Affiliates
IncreaseDecreaseInDueToAffiliates
-1516000
CY2015Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-20507000
CY2015Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-49407000
CY2015Q2 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.60
us-gaap Increase Decrease In Other Noncurrent Assets And Liabilities Net
IncreaseDecreaseInOtherNoncurrentAssetsAndLiabilitiesNet
4672000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1994000
CY2014Q4 us-gaap Other Receivables Gross Current
OtherReceivablesGrossCurrent
163000
CY2015Q2 us-gaap Other Receivables Gross Current
OtherReceivablesGrossCurrent
101000
CY2014Q4 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
3393000
CY2015Q2 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
3468000
CY2014Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
10271000
CY2015Q2 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
10323000
CY2014Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
3199000
CY2015Q2 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
2327000
CY2015Q2 us-gaap Net Income Loss
NetIncomeLoss
-29267000
us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
66000
us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
164000
us-gaap Adjustments To Additional Paid In Capital Other
AdjustmentsToAdditionalPaidInCapitalOther
100000
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
1802000
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-17372000
us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
10566000
nl Pension And Other Postretirement Benefit Contributions Net Of Expense
PensionAndOtherPostretirementBenefitContributionsNetOfExpense
757000
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-280000
us-gaap Increase Decrease In Accounts And Other Receivables
IncreaseDecreaseInAccountsAndOtherReceivables
4220000
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-632000
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
41000
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
1618000
us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
-5000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
6913000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
12749000
us-gaap Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
-240000
us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
255000
us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
251000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-1415000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-1990000
us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
164000
us-gaap Cash And Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashAndCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
5334000
us-gaap Cash And Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashAndCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
10595000
CY2014Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
57943000
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
1585000
CY2014Q4 us-gaap Insurance Settlements Receivable Current
InsuranceSettlementsReceivableCurrent
346000
CY2015Q2 us-gaap Insurance Settlements Receivable Current
InsuranceSettlementsReceivableCurrent
286000
CY2014Q4 us-gaap Disposal Group Including Discontinued Operation Other Noncurrent Assets
DisposalGroupIncludingDiscontinuedOperationOtherNoncurrentAssets
590000
CY2015Q2 us-gaap Disposal Group Including Discontinued Operation Other Noncurrent Assets
DisposalGroupIncludingDiscontinuedOperationOtherNoncurrentAssets
590000
CY2014Q4 us-gaap Other Intangible Assets Net
OtherIntangibleAssetsNet
133000
CY2015Q2 us-gaap Other Intangible Assets Net
OtherIntangibleAssetsNet
317000
CY2014Q4 us-gaap Accrued Employee Benefits Current
AccruedEmployeeBenefitsCurrent
8278000
CY2015Q2 us-gaap Accrued Employee Benefits Current
AccruedEmployeeBenefitsCurrent
6147000
CY2014Q4 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
951000
CY2015Q2 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
579000
CY2014Q4 us-gaap Due To Affiliate Current
DueToAffiliateCurrent
659000
CY2015Q2 us-gaap Due To Affiliate Current
DueToAffiliateCurrent
76000
CY2014Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
1633000
CY2015Q2 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
1711000
CY2014Q4 us-gaap Liability For Uncertain Tax Positions Noncurrent
LiabilityForUncertainTaxPositionsNoncurrent
16832000
CY2015Q2 us-gaap Liability For Uncertain Tax Positions Noncurrent
LiabilityForUncertainTaxPositionsNoncurrent
12186000
CY2014Q4 us-gaap Self Insurance Reserve Noncurrent
SelfInsuranceReserveNoncurrent
589000
CY2015Q2 us-gaap Self Insurance Reserve Noncurrent
SelfInsuranceReserveNoncurrent
619000
CY2014Q4 us-gaap Liabilities Other Than Longterm Debt Noncurrent
LiabilitiesOtherThanLongtermDebtNoncurrent
921000
CY2015Q2 us-gaap Liabilities Other Than Longterm Debt Noncurrent
LiabilitiesOtherThanLongtermDebtNoncurrent
889000
CY2015Q2 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
0
CY2014Q1 us-gaap Accumulated Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
70238000
CY2015Q1 us-gaap Accumulated Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
45326000
CY2014Q1 us-gaap Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax
-134330000
CY2015Q1 us-gaap Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax
-167132000
CY2014Q2 us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Net Of Tax
OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditNetOfTax
-156000
CY2015Q2 us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Net Of Tax
OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditNetOfTax
-137000
us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Net Of Tax
OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditNetOfTax
-313000
us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Net Of Tax
OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditNetOfTax
-273000
CY2014Q1 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-119081000
CY2015Q1 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-196186000
CY2014Q2 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
1900000
CY2015Q2 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-17300000
CY2014Q2 nl Incremental Tax Expense Benefit On Earnings Of Non Us And Non Tax Group Companies
IncrementalTaxExpenseBenefitOnEarningsOfNonUSAndNonTaxGroupCompanies
-2300000
CY2015Q2 nl Incremental Tax Expense Benefit On Earnings Of Non Us And Non Tax Group Companies
IncrementalTaxExpenseBenefitOnEarningsOfNonUSAndNonTaxGroupCompanies
-3200000
us-gaap Income Tax Reconciliation Tax Contingencies Other
IncomeTaxReconciliationTaxContingenciesOther
-3000000
CY2015Q2 us-gaap Income Tax Reconciliation Tax Exempt Income
IncomeTaxReconciliationTaxExemptIncome
100000
us-gaap Income Tax Reconciliation Tax Exempt Income
IncomeTaxReconciliationTaxExemptIncome
300000
CY2014Q2 nl Income Tax Reconciliation State Income Taxes And Other Net
IncomeTaxReconciliationStateIncomeTaxesAndOtherNet
300000
nl Income Tax Reconciliation State Income Taxes And Other Net
IncomeTaxReconciliationStateIncomeTaxesAndOtherNet
700000
CY2014Q2 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.35
CY2015Q2 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.35
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.35
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.35
CY2014Q2 us-gaap Other Comprehensive Income Loss Tax Portion Attributable To Parent1
OtherComprehensiveIncomeLossTaxPortionAttributableToParent1
-12700000
us-gaap Tax Adjustments Settlements And Unusual Provisions
TaxAdjustmentsSettlementsAndUnusualProvisions
-3000000
us-gaap Defined Benefit Plans Estimated Future Employer Contributions In Current Fiscal Year
DefinedBenefitPlansEstimatedFutureEmployerContributionsInCurrentFiscalYear
1300000
us-gaap Loss Contingency Period Of Occurrence
LossContingencyPeriodOfOccurrence
twenty-year
us-gaap Litigation Settlement Amount
LitigationSettlementAmount
1150000000
CY2014Q4 us-gaap Accrual For Environmental Loss Contingencies
AccrualForEnvironmentalLossContingencies
110015000
us-gaap Accrual For Environmental Loss Contingencies Provision For New Losses
AccrualForEnvironmentalLossContingenciesProvisionForNewLosses
2573000
us-gaap Accrual For Environmental Loss Contingencies Payments
AccrualForEnvironmentalLossContingenciesPayments
580000
CY2015Q2 us-gaap Accrual For Environmental Loss Contingencies
AccrualForEnvironmentalLossContingencies
112008000
CY2015Q2 nl Number Of Environmental Remediation Sites With Reasonably Estimable Costs
NumberOfEnvironmentalRemediationSitesWithReasonablyEstimableCosts
46
CY2015Q2 us-gaap Loss Contingency Range Of Possible Loss Maximum
LossContingencyRangeOfPossibleLossMaximum
165000000
CY2015Q2 nl Number Of Environmental Remediation Sites Without Reasonably Estimable Costs
NumberOfEnvironmentalRemediationSitesWithoutReasonablyEstimableCosts
5

Files In Submission

Name View Source Status
0001564590-15-006704-index-headers.html Edgar Link pending
0001564590-15-006704-index.html Edgar Link pending
0001564590-15-006704.txt Edgar Link pending
0001564590-15-006704-xbrl.zip Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
nl-10q_20150630.htm Edgar Link pending
nl-20150630.xml Edgar Link completed
nl-20150630.xsd Edgar Link pending
nl-20150630_cal.xml Edgar Link unprocessable
nl-20150630_def.xml Edgar Link unprocessable
nl-20150630_lab.xml Edgar Link unprocessable
nl-20150630_pre.xml Edgar Link unprocessable
nl-ex311_201506306.htm Edgar Link pending
nl-ex312_201506307.htm Edgar Link pending
nl-ex321_201506308.htm Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R47.htm Edgar Link pending
R48.htm Edgar Link pending
R49.htm Edgar Link pending
R5.htm Edgar Link pending
R50.htm Edgar Link pending
R51.htm Edgar Link pending
R52.htm Edgar Link pending
R53.htm Edgar Link pending
R54.htm Edgar Link pending
R55.htm Edgar Link pending
R56.htm Edgar Link pending
R57.htm Edgar Link pending
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending