$VHI
VALHI INC /DE/ Stock $vhi

$vhi Overview Financials Valuation SEC Filings Company Website

2014 Q2 Form 10-Q Financial Statement

#000156459014003426 Filed on August 08, 2014

Income Statement

Concept	2014 Q2	2013 Q2
Revenue	$491.7M	$516.1M
YoY Change	-4.73%	-9.2%
Cost Of Revenue	$387.5M	$498.8M
YoY Change	-22.31%	22.77%
Gross Profit	$104.2M	$17.20M
YoY Change	505.81%	-89.39%
Gross Profit Margin	21.19%	3.33%
Selling, General & Admin	$74.60M	$82.70M
YoY Change	-9.79%	21.26%
% of Gross Profit	71.59%	480.81%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$19.70M	$18.40M
YoY Change	7.07%	6.98%
% of Gross Profit	18.91%	106.98%
Operating Expenses	$74.60M	$82.70M
YoY Change	-9.79%	21.26%
Operating Profit	$46.70M	-$46.80M
YoY Change	-199.79%	-145.35%
Interest Expense	$14.60M	-$14.70M
YoY Change	-199.32%	2.8%
% of Operating Profit	31.26%
Other Income/Expense, Net	$10.20M	$4.300M
YoY Change	137.21%	-80.63%
Pretax Income	$25.20M	-$75.90M
YoY Change	-133.2%	-180.32%
Income Tax	$1.500M	-$27.30M
% Of Pretax Income	5.95%
Net Earnings	$15.50M	-$39.70M
YoY Change	-139.04%	-189.62%
Net Earnings / Revenue	3.15%	-7.69%
Basic Earnings Per Share
Diluted Earnings Per Share	$543.9K	-$1.393M
COMMON SHARES
Basic Shares Outstanding		339.1M shares
Diluted Shares Outstanding

Balance Sheet

Concept	2014 Q2	2013 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments	$258.7M	$179.9M
YoY Change	43.8%	72.98%
Cash & Equivalents	$255.1M	$179.9M
Short-Term Investments	$3.600M
Other Short-Term Assets	$46.90M	$16.70M
YoY Change	180.84%	-58.97%
Inventory	$430.6M	$462.9M
Prepaid Expenses
Receivables	$360.8M	$374.8M
Other Receivables	$11.30M	$5.600M
Total Short-Term Assets	$1.108B	$1.056B
YoY Change	4.95%	-16.4%
LONG-TERM ASSETS
Property, Plant & Equipment	$952.4M	$741.7M
YoY Change	28.41%	4.36%
Goodwill		$379.7M
YoY Change
Intangibles
YoY Change
Long-Term Investments	$344.0M	$364.8M
YoY Change	-5.7%	-19.82%
Other Assets	$248.7M	$157.1M
YoY Change	58.31%	-37.29%
Total Long-Term Assets	$1.946B	$1.067B
YoY Change	82.42%	-41.9%
TOTAL ASSETS
Total Short-Term Assets	$1.108B	$1.056B
Total Long-Term Assets	$1.946B	$1.067B
Total Assets	$3.054B	$2.864B
YoY Change	6.63%	-7.58%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$149.0M	$159.2M
YoY Change	-6.41%	-34.4%
Accrued Expenses	$132.4M	$92.10M
YoY Change	43.76%	-21.28%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00
YoY Change
Long-Term Debt Due	$12.60M	$30.80M
YoY Change	-59.09%	-11.75%
Total Short-Term Liabilities	$383.8M	$349.2M
YoY Change	9.91%	-27.39%
LONG-TERM LIABILITIES
Long-Term Debt	$917.3M	$790.3M
YoY Change	16.07%	-4.66%
Other Long-Term Liabilities	$345.1M	$79.70M
YoY Change	333.0%	-64.89%
Total Long-Term Liabilities	$1.262B	$1.578B
YoY Change	-20.02%	49.47%
TOTAL LIABILITIES
Total Short-Term Liabilities	$383.8M	$349.2M
Total Long-Term Liabilities	$1.262B	$1.578B
Total Liabilities	$2.464B	$1.928B
YoY Change	27.82%	-18.57%
SHAREHOLDERS EQUITY
Retained Earnings		-$21.10M
YoY Change
Common Stock		$3.600M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)		$49.60M
YoY Change
Treasury Stock Shares
Shareholders Equity	$590.5M	$606.9M
YoY Change
Total Liabilities & Shareholders Equity	$3.054B	$2.864B
YoY Change	6.63%	-7.58%

Cashflow Statement

Concept	2014 Q2	2013 Q2
OPERATING ACTIVITIES
Net Income	$15.50M	-$39.70M
YoY Change	-139.04%	-189.62%
Depreciation, Depletion And Amortization	$19.70M	$18.40M
YoY Change	7.07%	6.98%
Cash From Operating Activities	$9.100M	$17.70M
YoY Change	-48.59%	-53.42%
INVESTING ACTIVITIES
Capital Expenditures	-$15.30M	-$16.40M
YoY Change	-6.71%	10.81%
Acquisitions
YoY Change
Other Investing Activities	$20.40M	$2.100M
YoY Change	871.43%	-83.85%
Cash From Investing Activities	$5.100M	-$14.30M
YoY Change	-135.66%	694.44%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	-15.10M	-4.000M
YoY Change	277.5%	-136.04%
NET CHANGE
Cash From Operating Activities	9.100M	17.70M
Cash From Investing Activities	5.100M	-14.30M
Cash From Financing Activities	-15.10M	-4.000M
Net Change In Cash	-900.0K	-600.0K
YoY Change	50.0%	-101.27%
FREE CASH FLOW
Cash From Operating Activities	$9.100M	$17.70M
Capital Expenditures	-$15.30M	-$16.40M
Free Cash Flow	$24.40M	$34.10M
YoY Change	-28.45%	-35.42%

Facts In Submission

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	us-gaap	Increase Decrease In Accrued Income Taxes Payable IncreaseDecreaseInAccruedIncomeTaxesPayable	-4500000
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	us-gaap	Description Of New Accounting Pronouncements Not Yet Adopted DescriptionOfNewAccountingPronouncementsNotYetAdopted	<div> <p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Note 18—Recent Accounting Pronouncements: </p> <p style="text-align:justify;margin-top:6pt;margin-bottom:0pt;text-indent:4.54%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">In May 2014, the Financial Accounting Standards Board issued Accounting Standards Update (“ASU’) No. 2014-09, <font style="font-style:italic;">Revenue from Contracts with Customers (Topic 606)</font>.  This standard replaces existing revenue recognition guidance, which in many cases was tailored for specific industries, with a uniform accounting standard applicable to all industries and transactions.  The new standard is effective for us beginning with in the first quarter of 2017.  Entities may elect to adopt ASU No. 2014-09 retrospectively for all periods for all contracts and transactions which occurred during the period (with a few exceptions for practical expediency) or retrospectively with a cumulative effect recognized as of the date of adoption.  ASU No. 2014-09 is a fundamental rewriting of existing GAAP with respect to revenue recognition, and we are still evaluating the effect the Standard will have on our Consolidated Financial Statements.  In addition, we have not yet determined the method we will use to adopt the Standard.</p></div>
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CY2012Q4	us-gaap	Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax	53300000
CY2013Q2	us-gaap	Income Tax Reconciliation Foreign Income Tax Rate Differential IncomeTaxReconciliationForeignIncomeTaxRateDifferential	2900000
CY2014Q2	us-gaap	Income Tax Reconciliation Foreign Income Tax Rate Differential IncomeTaxReconciliationForeignIncomeTaxRateDifferential	-1000000
	us-gaap	Income Tax Reconciliation Foreign Income Tax Rate Differential IncomeTaxReconciliationForeignIncomeTaxRateDifferential	2500000
	us-gaap	Income Tax Reconciliation Foreign Income Tax Rate Differential IncomeTaxReconciliationForeignIncomeTaxRateDifferential	-1700000
CY2013Q2	us-gaap	Income Tax Reconciliation Tax Contingencies IncomeTaxReconciliationTaxContingencies	-300000
CY2014Q2	us-gaap	Income Tax Reconciliation Tax Contingencies IncomeTaxReconciliationTaxContingencies	-5900000
	us-gaap	Income Tax Reconciliation Tax Contingencies IncomeTaxReconciliationTaxContingencies	1700000
	us-gaap	Income Tax Reconciliation Tax Contingencies IncomeTaxReconciliationTaxContingencies	-5600000
CY2013Q2	us-gaap	Income Tax Reconciliation Nondeductible Expense IncomeTaxReconciliationNondeductibleExpense	100000
CY2014Q2	us-gaap	Income Tax Reconciliation Nondeductible Expense IncomeTaxReconciliationNondeductibleExpense	900000
CY2013Q4	us-gaap	Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax	59200000
CY2013Q2	us-gaap	Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax	4500000
	us-gaap	Income Tax Reconciliation Nondeductible Expense IncomeTaxReconciliationNondeductibleExpense	2600000
	us-gaap	Income Tax Reconciliation Nondeductible Expense IncomeTaxReconciliationNondeductibleExpense	1200000
CY2013Q2	us-gaap	Income Tax Reconciliation Other Adjustments IncomeTaxReconciliationOtherAdjustments	-200000
CY2014Q2	us-gaap	Income Tax Reconciliation Other Adjustments IncomeTaxReconciliationOtherAdjustments	-300000
	us-gaap	Income Tax Reconciliation Other Adjustments IncomeTaxReconciliationOtherAdjustments	-200000
	us-gaap	Income Tax Reconciliation Other Adjustments IncomeTaxReconciliationOtherAdjustments	800000
CY2013Q2	us-gaap	Other Comprehensive Income Loss Available For Sale Securities Tax OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax	-2400000
CY2014Q2	us-gaap	Other Comprehensive Income Loss Available For Sale Securities Tax OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax	-2400000
	us-gaap	Other Comprehensive Income Loss Available For Sale Securities Tax OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax	1200000
	us-gaap	Other Comprehensive Income Loss Available For Sale Securities Tax OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax	-11200000
CY2013Q2	us-gaap	Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax	2500000
CY2014Q2	us-gaap	Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax	-900000
	us-gaap	Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax	-1300000
	us-gaap	Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax	-1600000
CY2013Q2	us-gaap	Other Comprehensive Income Loss Tax OtherComprehensiveIncomeLossTax	-26100000
CY2014Q2	us-gaap	Other Comprehensive Income Loss Tax OtherComprehensiveIncomeLossTax	-1100000
	us-gaap	Other Comprehensive Income Loss Tax OtherComprehensiveIncomeLossTax	-47100000
	us-gaap	Other Comprehensive Income Loss Tax OtherComprehensiveIncomeLossTax	-6000000
CY2014Q2	us-gaap	Significant Change In Unrecognized Tax Benefits Is Reasonably Possible Amount Of Unrecorded Benefit SignificantChangeInUnrecognizedTaxBenefitsIsReasonablyPossibleAmountOfUnrecordedBenefit	8800000
	vhi	Letter Of Credit Cancelled LetterOfCreditCancelled	7600000
CY2014Q2	us-gaap	Letters Of Credit Outstanding Amount LettersOfCreditOutstandingAmount	300000
CY2014Q1	us-gaap	Income Tax Reconciliation Prior Year Income Taxes IncomeTaxReconciliationPriorYearIncomeTaxes	1000000
CY2013Q1	us-gaap	Accumulated Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax AccumulatedOtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax	1900000
CY2014Q1	us-gaap	Accumulated Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax AccumulatedOtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax	2000000
CY2012Q4	us-gaap	Accumulated Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax AccumulatedOtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax	2100000
CY2013Q4	us-gaap	Accumulated Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax AccumulatedOtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax	2800000
CY2014Q2	us-gaap	Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax	100000
	us-gaap	Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax	-200000
	us-gaap	Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax	-700000
CY2013Q2	us-gaap	Accumulated Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax AccumulatedOtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax	1900000
CY2014Q2	us-gaap	Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax	-3500000
	us-gaap	Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax	-17000000
	us-gaap	Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax	-5600000
CY2013Q2	us-gaap	Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax	36300000
CY2014Q2	us-gaap	Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax	53600000
CY2013Q1	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	-61900000
CY2014Q1	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	-9600000
CY2012Q4	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	-42000000
CY2013Q2	us-gaap	Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent	6400000
CY2014Q2	us-gaap	Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent	-2100000
	us-gaap	Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent	-13500000
	us-gaap	Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent	-3700000
CY2014Q2	vhi	Foreign Currency Contract Asset Liability Net Fair Value Disclosure ForeignCurrencyContractAssetLiabilityNetFairValueDisclosure	-300000
CY2013Q4	vhi	Cash And Equivalents And Restricted Cash And Equivalents CashAndEquivalentsAndRestrictedCashAndEquivalents	186800000
CY2014Q2	vhi	Cash And Equivalents And Restricted Cash And Equivalents CashAndEquivalentsAndRestrictedCashAndEquivalents	280900000
CY2013Q4	vhi	Cash And Equivalents And Restricted Cash And Equivalents Current And Noncurrent Fair Value Disclosure CashAndEquivalentsAndRestrictedCashAndEquivalentsCurrentAndNoncurrentFairValueDisclosure	186800000
CY2014Q2	vhi	Cash And Equivalents And Restricted Cash And Equivalents Current And Noncurrent Fair Value Disclosure CashAndEquivalentsAndRestrictedCashAndEquivalentsCurrentAndNoncurrentFairValueDisclosure	280900000
CY2013Q4	vhi	Deferred Payment Obligation Fair Value DeferredPaymentObligationFairValue	8200000
CY2014Q2	vhi	Deferred Payment Obligation Fair Value DeferredPaymentObligationFairValue	8400000
CY2013Q4	us-gaap	Equity Fair Value Disclosure EquityFairValueDisclosure	5916700000
CY2014Q2	us-gaap	Equity Fair Value Disclosure EquityFairValueDisclosure	2177200000

Files In Submission

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0001564590-14-003426-index.html	Edgar Link	pending
0001564590-14-003426.txt	Edgar Link	pending
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report.css	Edgar Link	pending
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vhi-10q_20140630.htm	Edgar Link	pending
vhi-20140630.xml	Edgar Link	completed
vhi-20140630.xsd	Edgar Link	pending
vhi-20140630_cal.xml	Edgar Link	unprocessable
vhi-20140630_def.xml	Edgar Link	unprocessable
vhi-20140630_lab.xml	Edgar Link	unprocessable
vhi-20140630_pre.xml	Edgar Link	unprocessable
vhi-ex311_20140630170.htm	Edgar Link	pending
vhi-ex312_20140630169.htm	Edgar Link	pending
vhi-ex321_20140630168.htm	Edgar Link	pending

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$VHI
VALHI INC /DE/ Stock $vhi

2014 Q2 Form 10-Q Financial Statement

#000156459014003426 Filed on August 08, 2014

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$VHI VALHI INC /DE/ Stock $vhi

2014 Q2 Form 10-Q Financial Statement

#000156459014003426 Filed on August 08, 2014

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$VHI
VALHI INC /DE/ Stock $vhi