$VHI
VALHI INC /DE/ Stock $vhi

$vhi Overview Financials Valuation SEC Filings Company Website

2021 Q1 Form 10-Q Financial Statement

#000156459021024990 Filed on May 06, 2021

Income Statement

Concept	2021 Q1	2020 Q1
Revenue	$509.0M	$459.3M
YoY Change	10.82%	-4.23%
Cost Of Revenue	$399.7M	$359.6M
YoY Change	11.15%	0.5%
Gross Profit	$109.3M	$99.70M
YoY Change	9.63%	-18.14%
Gross Profit Margin	21.47%	21.71%
Selling, General & Admin	$70.90M	$70.90M
YoY Change	0.0%	-0.7%
% of Gross Profit	64.87%	71.11%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$14.70M	$17.00M
YoY Change	-13.53%	32.81%
% of Gross Profit	13.45%	17.05%
Operating Expenses	$70.90M	$70.90M
YoY Change	0.0%	-0.7%
Operating Profit	$51.30M	$71.00M
YoY Change	-27.75%	17.55%
Interest Expense	$8.600M	$9.700M
YoY Change	-11.34%	-5.83%
% of Operating Profit	16.76%	13.66%
Other Income/Expense, Net	$400.0K	-$100.0K
YoY Change	-500.0%	-108.33%
Pretax Income	$32.50M	$49.30M
YoY Change	-34.08%	15.73%
Income Tax	$8.000M	$11.40M
% Of Pretax Income	24.62%	23.12%
Net Earnings	$14.80M	$24.40M
YoY Change	-39.34%	34.07%
Net Earnings / Revenue	2.91%	5.31%
Basic Earnings Per Share	$0.52
Diluted Earnings Per Share	$0.52	$856.1K
COMMON SHARES
Basic Shares Outstanding	28.50M
Diluted Shares Outstanding	28.50M

Balance Sheet

Concept	2021 Q1	2020 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments	$548.4M	$485.2M
YoY Change	13.03%	4.16%
Cash & Equivalents	$600.9M	$483.1M
Short-Term Investments	$2.400M	$2.100M
Other Short-Term Assets	$64.90M	$23.30M
YoY Change	178.54%	-29.39%
Inventory	$491.9M	$499.2M
Prepaid Expenses
Receivables	$334.0M	$324.4M
Other Receivables	$28.80M	$26.60M
Total Short-Term Assets	$1.468B	$1.371B
YoY Change	7.06%	-2.41%
LONG-TERM ASSETS
Property, Plant & Equipment	$674.0M	$672.6M
YoY Change	0.21%	-6.24%
Goodwill		$379.7M
YoY Change
Intangibles
YoY Change
Long-Term Investments	$109.5M	$97.90M
YoY Change	11.85%	12.53%
Other Assets	$232.5M	$233.8M
YoY Change	-0.56%	92.11%
Total Long-Term Assets	$1.400B	$1.339B
YoY Change	4.51%	1.5%
TOTAL ASSETS
Total Short-Term Assets	$1.468B	$1.371B
Total Long-Term Assets	$1.400B	$1.339B
Total Assets	$2.868B	$2.711B
YoY Change	5.8%	-0.52%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$140.9M	$133.4M
YoY Change	5.62%	-1.91%
Accrued Expenses	$107.1M	$108.5M
YoY Change	-1.29%	-35.65%
Deferred Revenue	$18.20M	$12.10M
YoY Change	50.41%	-35.98%
Short-Term Debt	$0.00	$0.00
YoY Change
Long-Term Debt Due	$2.400M	$3.800M
YoY Change	-36.84%	31.03%
Total Short-Term Liabilities	$311.5M	$277.3M
YoY Change	12.33%	-20.25%
LONG-TERM LIABILITIES
Long-Term Debt	$763.1M	$779.7M
YoY Change	-2.13%	-0.84%
Other Long-Term Liabilities	$227.5M	$193.5M
YoY Change	17.57%	56.81%
Total Long-Term Liabilities	$227.5M	$1.466B
YoY Change	-84.49%	6.97%
TOTAL LIABILITIES
Total Short-Term Liabilities	$311.5M	$277.3M
Total Long-Term Liabilities	$227.5M	$1.466B
Total Liabilities	$2.168B	$1.744B
YoY Change	24.34%	1.46%
SHAREHOLDERS EQUITY
Retained Earnings		$256.4M
YoY Change		10.66%
Common Stock		$3.600M
YoY Change		0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)		$49.60M
YoY Change		0.0%
Treasury Stock Shares
Shareholders Equity	$699.6M	$631.5M
YoY Change
Total Liabilities & Shareholders Equity	$2.868B	$2.711B
YoY Change	5.8%	-0.52%

Cashflow Statement

Concept	2021 Q1	2020 Q1
OPERATING ACTIVITIES
Net Income	$14.80M	$24.40M
YoY Change	-39.34%	34.07%
Depreciation, Depletion And Amortization	$14.70M	$17.00M
YoY Change	-13.53%	32.81%
Cash From Operating Activities	$56.60M	-$18.20M
YoY Change	-410.99%	727.27%
INVESTING ACTIVITIES
Capital Expenditures	$11.50M	$16.00M
YoY Change	-28.13%	-4.76%
Acquisitions
YoY Change
Other Investing Activities	-$2.100M	-$2.700M
YoY Change	-22.22%	-485.71%
Cash From Investing Activities	-$7.300M	-$13.10M
YoY Change	-44.27%	-18.63%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net	$800.0K	$1.000M
YoY Change	-20.0%
Debt Paid & Issued, Net	$3.900M	$3.200M
YoY Change	21.88%	52.38%
Cash From Financing Activities	-11.70M	-19.60M
YoY Change	-40.31%	28.95%
NET CHANGE
Cash From Operating Activities	56.60M	-18.20M
Cash From Investing Activities	-7.300M	-13.10M
Cash From Financing Activities	-11.70M	-19.60M
Net Change In Cash	37.60M	-50.90M
YoY Change	-173.87%	51.94%
FREE CASH FLOW
Cash From Operating Activities	$56.60M	-$18.20M
Capital Expenditures	$11.50M	$16.00M
Free Cash Flow	$45.10M	-$34.20M
YoY Change	-231.87%	80.0%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value
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CY2020Q1	us-gaap	Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest	4200000
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CY2021Q1	vhi	Accrued Development Costs Noncurrent AccruedDevelopmentCostsNoncurrent	24600000
CY2020Q4	us-gaap	Other Sundry Liabilities Noncurrent OtherSundryLiabilitiesNoncurrent	7800000
CY2021Q1	us-gaap	Other Sundry Liabilities Noncurrent OtherSundryLiabilitiesNoncurrent	7900000
CY2020Q4	us-gaap	Other Liabilities Noncurrent OtherLiabilitiesNoncurrent	223900000
CY2021Q1	us-gaap	Other Liabilities Noncurrent OtherLiabilitiesNoncurrent	227500000
CY2020Q1	vhi	Income Tax Expense Benefit Allocable To Comprehensive Income IncomeTaxExpenseBenefitAllocableToComprehensiveIncome	8300000
CY2021Q1	vhi	Income Tax Expense Benefit Allocable To Comprehensive Income IncomeTaxExpenseBenefitAllocableToComprehensiveIncome	10200000
CY2020Q1	vhi	Tax Cuts And Jobs Act Of2017 Effective Income Tax Rate Reconciliation Deduction Of Interest Income TaxCutsAndJobsActOf2017EffectiveIncomeTaxRateReconciliationDeductionOfInterestIncome	0.30
CY2020Q1	us-gaap	Interest And Dividend Income Securities InterestAndDividendIncomeSecurities	2000000.0
CY2021Q1	us-gaap	Interest And Dividend Income Securities InterestAndDividendIncomeSecurities	900000
CY2020Q1	us-gaap	Debt And Equity Securities Gain Loss DebtAndEquitySecuritiesGainLoss	-400000
CY2020Q1	vhi	Securities Earnings SecuritiesEarnings	1600000
CY2020Q1	us-gaap	Foreign Currency Transaction Gain Loss Before Tax ForeignCurrencyTransactionGainLossBeforeTax	12200000
CY2021Q1	us-gaap	Foreign Currency Transaction Gain Loss Before Tax ForeignCurrencyTransactionGainLossBeforeTax	-500000
CY2020Q1	vhi	Infrastructure Development Cost Reimbursed InfrastructureDevelopmentCostReimbursed	19100000
CY2021Q1	vhi	Infrastructure Development Cost Reimbursed InfrastructureDevelopmentCostReimbursed	6200000
CY2020Q1	us-gaap	Gain Loss On Disposition Of Assets GainLossOnDispositionOfAssets	500000
CY2020Q1	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	-100000
CY2021Q1	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	400000
CY2020Q1	us-gaap	Other Income OtherIncome	34900000
CY2021Q1	us-gaap	Other Income OtherIncome	7000000.0
CY2021Q1	us-gaap	Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate	0.21
CY2020Q1	us-gaap	Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate	0.21
CY2020Q1	us-gaap	Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate	10300000
CY2021Q1	us-gaap	Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate	6800000
CY2020Q1	vhi	Incremental Tax Expense Benefit On Earnings Losses IncrementalTaxExpenseBenefitOnEarningsLosses	-1800000
CY2021Q1	vhi	Incremental Tax Expense Benefit On Earnings Losses IncrementalTaxExpenseBenefitOnEarningsLosses	-1100000
CY2020Q1	us-gaap	Income Tax Reconciliation Foreign Income Tax Rate Differential IncomeTaxReconciliationForeignIncomeTaxRateDifferential	900000
CY2021Q1	us-gaap	Income Tax Reconciliation Foreign Income Tax Rate Differential IncomeTaxReconciliationForeignIncomeTaxRateDifferential	800000
CY2020Q1	us-gaap	Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance	-200000
CY2021Q1	us-gaap	Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance	1200000
CY2020Q1	us-gaap	Income Tax Reconciliation Tax Contingencies IncomeTaxReconciliationTaxContingencies	600000
CY2021Q1	us-gaap	Income Tax Reconciliation Tax Contingencies IncomeTaxReconciliationTaxContingencies	-400000
CY2020Q1	vhi	Income Tax Reconciliation Global Intangible Low Tax Income Net IncomeTaxReconciliationGlobalIntangibleLowTaxIncomeNet	1200000
CY2021Q1	vhi	Income Tax Reconciliation Global Intangible Low Tax Income Net IncomeTaxReconciliationGlobalIntangibleLowTaxIncomeNet	500000
CY2020Q1	vhi	Income Tax Reconciliation State Income Taxes And Other Net IncomeTaxReconciliationStateIncomeTaxesAndOtherNet	400000
CY2021Q1	vhi	Income Tax Reconciliation State Income Taxes And Other Net IncomeTaxReconciliationStateIncomeTaxesAndOtherNet	200000
CY2020Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	11400000
CY2021Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	8000000.0
CY2020Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	11400000
CY2021Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	8000000.0
CY2020Q1	us-gaap	Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax	-4700000
CY2021Q1	us-gaap	Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax	200000
CY2020Q1	vhi	Coronavirus Aid Relief And Economic Security Act Effective Income Tax Rate Reconciliation Deduction Of Interest Income CoronavirusAidReliefAndEconomicSecurityActEffectiveIncomeTaxRateReconciliationDeductionOfInterestIncome	0.50
CY2020Q1	vhi	Cash Tax Benefit CashTaxBenefit	1000000.0
CY2021Q1	us-gaap	Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations	4000000.0
CY2020Q4	us-gaap	Minority Interest MinorityInterest	324400000
CY2021Q1	us-gaap	Minority Interest MinorityInterest	329000000.0
CY2020Q1	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	13500000
CY2021Q1	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	9700000
CY2020Q4	us-gaap	Accrual For Environmental Loss Contingencies AccrualForEnvironmentalLossContingencies	98600000
CY2021Q1	us-gaap	Accrual For Environmental Loss Contingencies Payments1 AccrualForEnvironmentalLossContingenciesPayments1	400000
CY2021Q1	us-gaap	Accrual For Environmental Loss Contingencies AccrualForEnvironmentalLossContingencies	98200000
CY2021Q1	us-gaap	Accrued Environmental Loss Contingencies Current AccruedEnvironmentalLossContingenciesCurrent	3500000
CY2021Q1	us-gaap	Accrued Environmental Loss Contingencies Noncurrent AccruedEnvironmentalLossContingenciesNoncurrent	94700000
CY2021Q1	us-gaap	Accrual For Environmental Loss Contingencies AccrualForEnvironmentalLossContingencies	98200000

Files In Submission

Name	View Source	Status
0001564590-21-024990-index-headers.html	Edgar Link	pending
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0001564590-21-024990.txt	Edgar Link	pending
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FilingSummary.xml	Edgar Link	unprocessable
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vhi-10q_20210331.htm	Edgar Link	pending
vhi-10q_20210331_htm.xml	Edgar Link	completed
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vhi-ex311_125.htm	Edgar Link	pending
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vhi-ex321_15.htm	Edgar Link	pending

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$VHI
VALHI INC /DE/ Stock $vhi

2021 Q1 Form 10-Q Financial Statement

#000156459021024990 Filed on May 06, 2021

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$VHI VALHI INC /DE/ Stock $vhi

2021 Q1 Form 10-Q Financial Statement

#000156459021024990 Filed on May 06, 2021

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$VHI
VALHI INC /DE/ Stock $vhi