$VHI
VALHI INC /DE/

2013 Q3 Form 10-Q Financial Statement

#000156459013001158 Filed on November 08, 2013

View on sec.gov

Income Statement

Concept 2013 Q3 2012 Q4 2012 Q3
Revenue $448.2M $427.4M $508.7M
YoY Change -11.89% -6.42% -10.53%
Cost Of Revenue $399.6M $372.1M $423.2M
YoY Change -5.58% 63.35% 13.95%
Gross Profit $48.60M $55.30M $97.40M
YoY Change -50.1% -71.33% -53.66%
Gross Profit Margin 10.84% 12.94% 19.15%
Selling, General & Admin $101.1M $63.30M $64.80M
YoY Change 56.02% 6.57% -6.22%
% of Gross Profit 208.02% 114.47% 66.53%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $18.70M $19.10M $17.40M
YoY Change 7.47% 22.44% 6.75%
% of Gross Profit 38.48% 34.54% 17.86%
Operating Expenses $101.1M $63.30M $64.80M
YoY Change 56.02% 6.57% -6.22%
Operating Profit -$42.50M -$2.200M $41.10M
YoY Change -203.41% -101.61% -72.49%
Interest Expense -$13.70M -$13.90M $14.60M
YoY Change -193.84% 2.96% -3.95%
% of Operating Profit 35.52%
Other Income/Expense, Net $8.700M $29.70M $7.600M
YoY Change 14.47% 828.13% -63.98%
Pretax Income -$59.80M $2.100M $29.70M
YoY Change -301.35% -98.16% -80.0%
Income Tax -$18.90M $15.10M -$2.100M
% Of Pretax Income 719.05% -7.07%
Net Earnings -$34.20M $3.500M $23.00M
YoY Change -248.7% -93.71% -67.83%
Net Earnings / Revenue -7.63% 0.82% 4.52%
Basic Earnings Per Share
Diluted Earnings Per Share -$1.200M $126.3K $803.5K
COMMON SHARES
Basic Shares Outstanding 339.1M 339.1M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2013 Q3 2012 Q4 2012 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $115.7M $366.9M $124.3M
YoY Change -6.92% 208.58% -28.6%
Cash & Equivalents $115.7M $366.9M $123.5M
Short-Term Investments $800.0K
Other Short-Term Assets $54.90M $25.10M $28.60M
YoY Change 91.96% 21.26% -37.96%
Inventory $407.1M $650.3M $624.3M
Prepaid Expenses
Receivables $345.7M $283.9M $336.5M
Other Receivables $6.300M $18.60M $2.500M
Total Short-Term Assets $929.7M $1.363B $1.142B
YoY Change -18.58% 44.4% 18.9%
LONG-TERM ASSETS
Property, Plant & Equipment $756.2M $763.1M $740.3M
YoY Change 2.15% 5.43% 5.94%
Goodwill $379.7M $400.4M
YoY Change -5.1%
Intangibles $200.0K
YoY Change -90.48%
Long-Term Investments $374.9M $382.9M $474.7M
YoY Change -21.02% -16.72% 2.0%
Other Assets $323.7M $161.1M $151.2M
YoY Change 114.09% -1.83% -48.99%
Total Long-Term Assets $1.848B $1.044B $1.142B
YoY Change 61.84% -10.77% -38.94%
TOTAL ASSETS
Total Short-Term Assets $929.7M $1.363B $1.142B
Total Long-Term Assets $1.848B $1.044B $1.142B
Total Assets $2.777B $3.171B $3.024B
YoY Change -8.15% 11.72% 6.85%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $126.4M $169.6M $163.0M
YoY Change -22.45% -13.6% -1.81%
Accrued Expenses $152.6M $112.2M $115.1M
YoY Change 32.58% -23.15% -18.94%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $29.70M $29.60M $34.70M
YoY Change -14.41% 55.79% 53.54%
Total Short-Term Liabilities $372.8M $398.5M $393.7M
YoY Change -5.31% -4.11% 0.48%
LONG-TERM LIABILITIES
Long-Term Debt $701.6M $880.5M $768.7M
YoY Change -8.73% 22.73% -1.42%
Other Long-Term Liabilities $319.5M $78.30M $63.00M
YoY Change 407.14% 41.34% -69.31%
Total Long-Term Liabilities $1.021B $1.680B $1.487B
YoY Change -31.33% 17.55% 50.95%
TOTAL LIABILITIES
Total Short-Term Liabilities $372.8M $398.5M $393.7M
Total Long-Term Liabilities $1.021B $1.680B $1.487B
Total Liabilities $2.203B $2.079B $1.881B
YoY Change 17.11% 12.67% -13.79%
SHAREHOLDERS EQUITY
Retained Earnings $75.40M $88.80M
YoY Change -488.66%
Common Stock $3.600M $3.600M
YoY Change 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $49.60M $49.60M
YoY Change 0.0%
Treasury Stock Shares $13.20M
Shareholders Equity $574.9M $733.6M $775.6M
YoY Change
Total Liabilities & Shareholders Equity $2.777B $3.171B $3.024B
YoY Change -8.15% 11.72% 6.85%

Cashflow Statement

Concept 2013 Q3 2012 Q4 2012 Q3
OPERATING ACTIVITIES
Net Income -$34.20M $3.500M $23.00M
YoY Change -248.7% -93.71% -67.83%
Depreciation, Depletion And Amortization $18.70M $19.10M $17.40M
YoY Change 7.47% 22.44% 6.75%
Cash From Operating Activities $65.00M $25.70M $122.6M
YoY Change -46.98% -64.26% -23.09%
INVESTING ACTIVITIES
Capital Expenditures -$17.80M -$32.80M -$16.60M
YoY Change 7.23% -40.47% -55.26%
Acquisitions
YoY Change
Other Investing Activities $1.100M $165.8M -$1.400M
YoY Change -178.57% 754.64% -105.05%
Cash From Investing Activities -$16.70M $133.0M -$18.00M
YoY Change -7.22% -472.55% 91.49%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -114.0M 84.30M -87.00M
YoY Change 31.03% -225.26% -15.94%
NET CHANGE
Cash From Operating Activities 65.00M 25.70M 122.6M
Cash From Investing Activities -16.70M 133.0M -18.00M
Cash From Financing Activities -114.0M 84.30M -87.00M
Net Change In Cash -65.70M 243.0M 17.60M
YoY Change -473.3% -881.35% -62.15%
FREE CASH FLOW
Cash From Operating Activities $65.00M $25.70M $122.6M
Capital Expenditures -$17.80M -$32.80M -$16.60M
Free Cash Flow $82.80M $58.50M $139.2M
YoY Change -40.52% -53.94% -29.16%

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