2014 Form 10-K Financial Statement
#000156761915000183 Filed on February 26, 2015
Income Statement
| Concept | 2014 | 2013 | 2012 |
|---|---|---|---|
| Revenue | $1.737B | $1.922B | $1.832B |
| YoY Change | -9.63% | 4.91% | 10.96% |
| Cost Of Revenue | $1.530B | -$1.732B | -$1.568B |
| YoY Change | -188.34% | 10.46% | -232.1% |
| Gross Profit | $207.0M | $190.0M | $264.0M |
| YoY Change | 8.95% | -28.03% | -43.1% |
| Gross Profit Margin | 11.92% | 9.89% | 14.41% |
| Selling, General & Admin | $192.0M | -$187.0M | -$239.0M |
| YoY Change | -202.67% | -21.76% | -252.23% |
| % of Gross Profit | 92.75% | -98.42% | -90.53% |
| Research & Development | $10.00M | $9.000M | |
| YoY Change | 11.11% | 0.0% | |
| % of Gross Profit | 5.26% | 3.41% | |
| Depreciation & Amortization | $295.0M | $333.0M | $211.0M |
| YoY Change | -11.41% | 57.82% | 154.22% |
| % of Gross Profit | 142.51% | 175.26% | 79.92% |
| Operating Expenses | $192.0M | -$177.0M | -$230.0M |
| YoY Change | -208.47% | -23.04% | -2655.56% |
| Operating Profit | $15.00M | $3.000M | $25.00M |
| YoY Change | 400.0% | -88.0% | -94.51% |
| Interest Expense | -$113.0M | -$79.00M | -$61.00M |
| YoY Change | 43.04% | 29.51% | 64.86% |
| % of Operating Profit | -753.33% | -2633.33% | -244.0% |
| Other Income/Expense, Net | -$2.000M | $66.00M | -$7.000M |
| YoY Change | -103.03% | -1042.86% | 75.0% |
| Pretax Income | -$149.0M | -$61.00M | $1.008B |
| YoY Change | 144.26% | -106.05% | 12.75% |
| Income Tax | $268.0M | $29.00M | -$125.0M |
| % Of Pretax Income | -12.4% | ||
| Net Earnings | -$427.0M | -$126.0M | $1.134B |
| YoY Change | 238.89% | -111.11% | 29.9% |
| Net Earnings / Revenue | -24.58% | -6.56% | 61.9% |
| Basic Earnings Per Share | -$3.74 | -$1.11 | $11.37 |
| Diluted Earnings Per Share | -$3.74 | -$1.11 | $11.10 |
| COMMON SHARES | |||
| Basic Shares Outstanding | |||
| Diluted Shares Outstanding |
Balance Sheet
| Concept | 2014 | 2013 | 2012 |
|---|---|---|---|
| SHORT-TERM ASSETS | |||
| Cash & Short-Term Investments | $1.279B | $1.478B | $716.0M |
| YoY Change | -13.46% | 106.42% | 364.94% |
| Cash & Equivalents | $1.279B | $1.478B | $716.0M |
| Short-Term Investments | |||
| Other Short-Term Assets | $55.00M | $108.0M | $152.0M |
| YoY Change | -49.07% | -28.95% | 484.62% |
| Inventory | $770.0M | $759.0M | $914.0M |
| Prepaid Expenses | |||
| Receivables | $271.0M | $302.0M | $368.0M |
| Other Receivables | $6.000M | $6.000M | $23.00M |
| Total Short-Term Assets | $2.381B | $2.653B | $2.173B |
| YoY Change | -10.25% | 22.09% | 182.57% |
| LONG-TERM ASSETS | |||
| Property, Plant & Equipment | $2.285B | $2.474B | $2.862B |
| YoY Change | -7.64% | -13.56% | 428.04% |
| Goodwill | |||
| YoY Change | |||
| Intangibles | |||
| YoY Change | |||
| Long-Term Investments | |||
| YoY Change | |||
| Other Assets | $127.0M | $272.0M | $150.0M |
| YoY Change | -53.31% | 81.33% | 614.29% |
| Total Long-Term Assets | $2.684B | $3.046B | $3.338B |
| YoY Change | -11.88% | -8.75% | 275.9% |
| TOTAL ASSETS | |||
| Total Short-Term Assets | $2.381B | $2.653B | $2.173B |
| Total Long-Term Assets | $2.684B | $3.046B | $3.338B |
| Total Assets | $5.065B | $5.699B | $5.511B |
| YoY Change | -11.12% | 3.41% | 232.59% |
| SHORT-TERM LIABILITIES | |||
| YoY Change | |||
| Accounts Payable | $160.0M | $164.0M | $189.0M |
| YoY Change | -2.44% | -13.23% | -5.97% |
| Accrued Expenses | $147.0M | $146.0M | $209.0M |
| YoY Change | 0.68% | -30.14% | 354.35% |
| Deferred Revenue | |||
| YoY Change | |||
| Short-Term Debt | $0.00 | $0.00 | $30.00M |
| YoY Change | -100.0% | ||
| Long-Term Debt Due | $18.00M | $18.00M | $10.00M |
| YoY Change | 0.0% | 80.0% | 66.67% |
| Total Short-Term Liabilities | $366.0M | $363.0M | $467.0M |
| YoY Change | 0.83% | -22.27% | 66.19% |
| LONG-TERM LIABILITIES | |||
| Long-Term Debt | $2.375B | $2.395B | $1.605B |
| YoY Change | -0.84% | 49.22% | 281.24% |
| Other Long-Term Liabilities | $332.0M | $300.0M | $335.0M |
| YoY Change | 10.67% | -10.45% | 82.07% |
| Total Long-Term Liabilities | $2.707B | $2.695B | $1.940B |
| YoY Change | 0.45% | 38.92% | 220.66% |
| TOTAL LIABILITIES | |||
| Total Short-Term Liabilities | $366.0M | $363.0M | $467.0M |
| Total Long-Term Liabilities | $2.707B | $2.695B | $1.940B |
| Total Liabilities | $3.455B | $3.461B | $2.862B |
| YoY Change | -0.17% | 20.93% | 216.24% |
| 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 | $1.610B | $2.238B | $2.649B |
| YoY Change | |||
| Total Liabilities & Shareholders Equity | $5.065B | $5.699B | $5.511B |
| YoY Change | -11.12% | 3.41% | 232.59% |
Cashflow Statement
| Concept | 2014 | 2013 | 2012 |
|---|---|---|---|
| OPERATING ACTIVITIES | |||
| Net Income | -$427.0M | -$126.0M | $1.134B |
| YoY Change | 238.89% | -111.11% | 29.9% |
| Depreciation, Depletion And Amortization | $295.0M | $333.0M | $211.0M |
| YoY Change | -11.41% | 57.82% | 154.22% |
| Cash From Operating Activities | $141.0M | $337.0M | $118.0M |
| YoY Change | -58.16% | 185.59% | -690.0% |
| INVESTING ACTIVITIES | |||
| Capital Expenditures | -$187.0M | -$165.0M | -$166.0M |
| YoY Change | 13.33% | -0.6% | 19.42% |
| Acquisitions | |||
| YoY Change | |||
| Other Investing Activities | $0.00 | $1.000M | $114.0M |
| YoY Change | -100.0% | -99.12% | 11300.0% |
| Cash From Investing Activities | -$187.0M | -$171.0M | -$52.00M |
| YoY Change | 9.36% | 228.85% | -62.32% |
| FINANCING ACTIVITIES | |||
| Cash Dividend Paid | $115.0M | $61.00M | |
| YoY Change | 88.52% | ||
| Common Stock Issuance & Retirement, Net | $141.0M | ||
| YoY Change | |||
| Debt Paid & Issued, Net | $189.0M | $585.0M | |
| YoY Change | -67.69% | ||
| Cash From Financing Activities | -132.0M | 614.0M | 490.0M |
| YoY Change | -121.5% | 25.31% | 183.24% |
| NET CHANGE | |||
| Cash From Operating Activities | 141.0M | 337.0M | 118.0M |
| Cash From Investing Activities | -187.0M | -171.0M | -52.00M |
| Cash From Financing Activities | -132.0M | 614.0M | 490.0M |
| Net Change In Cash | -178.0M | 780.0M | 556.0M |
| YoY Change | -122.82% | 40.29% | 3606.67% |
| FREE CASH FLOW | |||
| Cash From Operating Activities | $141.0M | $337.0M | $118.0M |
| Capital Expenditures | -$187.0M | -$165.0M | -$166.0M |
| Free Cash Flow | $328.0M | $502.0M | $284.0M |
| YoY Change | -34.66% | 76.76% | 138.66% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2012 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
11.10 | |
| CY2014 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-3.74 | |
| CY2012Q2 | us-gaap |
Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Intangible Assets Other Than Goodwill
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibleAssetsOtherThanGoodwill
|
12000000 | |
| CY2012Q2 | us-gaap |
Business Acquisition Equity Interests Issued Or Issuable Number Of Shares Issued
BusinessAcquisitionEquityInterestsIssuedOrIssuableNumberOfSharesIssued
|
9950856 | |
| CY2013Q4 | us-gaap |
Inventory Raw Materials And Supplies Net Of Reserves
InventoryRawMaterialsAndSuppliesNetOfReserves
|
105000000 | |
| CY2012Q2 | us-gaap |
Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Property Plant And Equipment
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedPropertyPlantAndEquipment
|
880000000 | |
| CY2012 | us-gaap |
Defined Benefit Plan Recognized Net Gain Loss Due To Curtailments
DefinedBenefitPlanRecognizedNetGainLossDueToCurtailments
|
0 | |
| CY2013 | us-gaap |
Defined Benefit Plan Recognized Net Gain Loss Due To Curtailments
DefinedBenefitPlanRecognizedNetGainLossDueToCurtailments
|
0 | |
| CY2014 | us-gaap |
Defined Benefit Plan Recognized Net Gain Loss Due To Curtailments
DefinedBenefitPlanRecognizedNetGainLossDueToCurtailments
|
9000000 | |
| CY2014 | us-gaap |
Dividends And Interest Paid
DividendsAndInterestPaid
|
0 | |
| CY2014Q4 | us-gaap |
Inventory Raw Materials And Supplies Net Of Reserves
InventoryRawMaterialsAndSuppliesNetOfReserves
|
118000000 | |
| CY2013 | us-gaap |
Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossTax
|
||
| CY2012 | us-gaap |
Dividends And Interest Paid
DividendsAndInterestPaid
|
-60000000 | |
| CY2013 | us-gaap |
Dividends And Interest Paid
DividendsAndInterestPaid
|
0 | |
| CY2014 | us-gaap |
Dividends
Dividends
|
0 | |
| CY2014 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-3.74 | |
| CY2013 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-1.11 | |
| CY2012Q2 | us-gaap |
Business Combination Consideration Transferred Equity Interests Issued And Issuable
BusinessCombinationConsiderationTransferredEquityInterestsIssuedAndIssuable
|
1370000000 | |
| CY2013 | us-gaap |
Dividends
Dividends
|
0 | |
| CY2012 | us-gaap |
Dividends
Dividends
|
61000000 | |
| CY2012 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
11.37 | |
| CY2013 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-1.11 | |
| CY2013 | us-gaap |
Sales Revenue Goods Net
SalesRevenueGoodsNet
|
1922000000 | |
| CY2014 | us-gaap |
Sales Revenue Goods Net
SalesRevenueGoodsNet
|
1737000000 | |
| CY2012 | us-gaap |
Sales Revenue Goods Net
SalesRevenueGoodsNet
|
1832000000 | |
| CY2012Q2 | trox |
Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Liabilities Unfavorable Contracts
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentLiabilitiesUnfavorableContracts
|
85000000 | |
| CY2012Q2 | trox |
Business Combination Consideration Transferred Noncontrolling Interest
BusinessCombinationConsiderationTransferredNoncontrollingInterest
|
233000000 | |
| CY2012Q2 | trox |
Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Mineral Rights
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedMineralRights
|
1457000000 |
