10-Q Filing

Tronox Holdings plc CIK: 1530804 Q1 2013

Filing Information

Form Type	10-Q
Accession Number	`0001193125-13-211037`
Period End Date	20130331
Filing Date	20130509
Fiscal Year	2013
Fiscal Period	Q1
XBRL Instance	trox-20130331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 70 Income Statement 32 Cash Flow Statement 55 Stockholders Equity 13 Comprehensive Income 15

Balance Sheet 70 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$154.00M	USD	Point-in-time
Net of allowance for doubtful accounts receivable	`AllowanceForDoubtfulAccountsReceivableCurrent`	$3.00M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$716.00M	USD	Point-in-time
Net of allowance for doubtful accounts receivable	`AllowanceForDoubtfulAccountsReceivableCurrent`	$3.00M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$223.00M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.38B	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $3 million and $3 million, respectively	`AccountsAndOtherReceivablesNetCurrent`	$416.00M	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $3 million and $3 million, respectively	`AccountsAndOtherReceivablesNetCurrent`	$391.00M	USD	Point-in-time
Inventories	`InventoryNet`	$914.00M	USD	Point-in-time
Inventories	`InventoryNet`	$850.00M	USD	Point-in-time
Prepaid and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$38.00M	USD	Point-in-time
Prepaid and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$28.00M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$114.00M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$41.00M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$2.17B	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$2.71B	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$1.36B	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$1.42B	USD	Point-in-time
Mineral leaseholds, net	`MineralPropertiesNet`	$1.44B	USD	Point-in-time
Mineral leaseholds, net	`MineralPropertiesNet`	$1.38B	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$318.00M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$326.00M	USD	Point-in-time
Long-term deferred tax assets	`DeferredTaxAssetsNetNoncurrent`	$91.00M	USD	Point-in-time
Long-term deferred tax assets	`DeferredTaxAssetsNetNoncurrent`	$169.00M	USD	Point-in-time
Other long-term assets	`OtherAssetsNoncurrent`	$81.00M	USD	Point-in-time
Other long-term assets	`OtherAssetsNoncurrent`	$59.00M	USD	Point-in-time
Total Assets	`Assets`	$6.01B	USD	Point-in-time
Total Assets	`Assets`	$5.51B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$162.00M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$189.00M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$178.00M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$209.00M	USD	Point-in-time
Short-term Debt	`ShortTermBorrowings`	-	USD	Point-in-time
Short-term Debt	`ShortTermBorrowings`	$30.00M	USD	Point-in-time
Long-term debt due within one year	`LongTermDebtCurrent`	$10.00M	USD	Point-in-time
Long-term debt due within one year	`LongTermDebtCurrent`	$15.00M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$24.00M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$20.00M	USD	Point-in-time
Current deferred income taxes	`DeferredIncomeTaxesCurrent`	$5.00M	USD	Point-in-time
Current deferred income taxes	`DeferredIncomeTaxesCurrent`	$5.00M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$467.00M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$380.00M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$1.60B	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$2.40B	USD	Point-in-time
Pension and postretirement healthcare benefits	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$176.00M	USD	Point-in-time
Pension and postretirement healthcare benefits	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$175.00M	USD	Point-in-time
Asset retirement obligations	`AssetRetirementObligationsNoncurrent`	$106.00M	USD	Point-in-time
Asset retirement obligations	`AssetRetirementObligationsNoncurrent`	$105.00M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$214.00M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$222.00M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$53.00M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$49.00M	USD	Point-in-time
Total Liabilities	`Liabilities`	$3.32B	USD	Point-in-time
Total Liabilities	`Liabilities`	$2.63B	USD	Point-in-time
Contingencies and Commitments	`CommitmentsAndContingencies`	-	USD	Point-in-time
Contingencies and Commitments	`CommitmentsAndContingencies`	-	USD	Point-in-time
Capital in excess of par value	`AdditionalPaidInCapitalCommonStock`	$1.44B	USD	Point-in-time
Capital in excess of par value	`AdditionalPaidInCapitalCommonStock`	$1.43B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$1.31B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$1.23B	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-95.00M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-185.00M	USD	Point-in-time
Total Shareholders' Equity	`StockholdersEquity`	$2.65B	USD	Point-in-time
Total Shareholders' Equity	`StockholdersEquity`	$2.48B	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$233.00M	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$217.00M	USD	Point-in-time
Total Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.70B	USD	Point-in-time
Total Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.88B	USD	Point-in-time
Total Liabilities and Equity	`LiabilitiesAndStockholdersEquity`	$5.51B	USD	Point-in-time
Total Liabilities and Equity	`LiabilitiesAndStockholdersEquity`	$6.01B	USD	Point-in-time

Income Statement 32 line items

Line Item	Tag	Value	Unit	Period
Net Sales	`SalesRevenueGoodsNet`	$470.00M	USD	1 Quarter
Net Sales	`SalesRevenueGoodsNet`	$434.00M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$438.00M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$277.00M	USD	1 Quarter
Gross Margin	`GrossProfit`	$157.00M	USD	1 Quarter
Gross Margin	`GrossProfit`	$32.00M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$44.00M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$51.00M	USD	1 Quarter
Income (Loss) from Operations	`OperatingIncomeLoss`	$-19.00M	USD	1 Quarter
Income (Loss) from Operations	`OperatingIncomeLoss`	$113.00M	USD	1 Quarter
Interest and debt expense	`InterestAndDebtExpense`	$8.00M	USD	1 Quarter
Interest and debt expense	`InterestAndDebtExpense`	$27.00M	USD	1 Quarter
Loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$-4.00M	USD	1 Quarter
Other income (expense)	`OtherNonoperatingIncomeExpense`	$6.00M	USD	1 Quarter
Other income (expense)	`OtherNonoperatingIncomeExpense`	$-1.00M	USD	1 Quarter
Income (Loss) before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$104.00M	USD	1 Quarter
Income (Loss) before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-44.00M	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	$1.00M	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	$18.00M	USD	1 Quarter
Net Income (Loss)	`ProfitLoss`	$86.00M	USD	1 Quarter
Net Income (Loss)	`ProfitLoss`	$-45.00M	USD	1 Quarter
Income attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$12.00M	USD	1 Quarter
Net Income (Loss) attributable to Tronox Limited	`NetIncomeLoss`	$86.00M	USD	1 Quarter
Net Income (Loss) attributable to Tronox Limited	`NetIncomeLoss`	$-57.00M	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$1.14	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$-0.50	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$-0.50	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$1.10	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	113.32M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	75.39M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	113.32M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	78.67M	shares	1 Quarter

Cash Flow Statement 55 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`ProfitLoss`	$86.00M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$-45.00M	USD	1 Quarter
Depreciation, Depletion and Amortization	`DepreciationDepletionAndAmortization`	$22.00M	USD	1 Quarter
Depreciation, Depletion and Amortization	`DepreciationDepletionAndAmortization`	$73.00M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$3.00M	USD	1 Quarter
Share-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$-7.00M	USD	1 Quarter
Share-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$-5.00M	USD	1 Quarter
Amortization of debt issuance costs and discount on debt	`AmortizationOfDebtDiscountAndDebtIssuanceCosts`	$1.00M	USD	1 Quarter
Amortization of debt issuance costs and discount on debt	`AmortizationOfDebtDiscountAndDebtIssuanceCosts`	$2.00M	USD	1 Quarter
Loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$-4.00M	USD	1 Quarter
Pension and postretirement healthcare benefit expense, net	`PensionAndOtherPostretirementBenefitExpense`	$2.00M	USD	1 Quarter
Pension and postretirement healthcare benefit expense, net	`PensionAndOtherPostretirementBenefitExpense`	$2.00M	USD	1 Quarter
Other noncash items affecting net income	`OtherNoncashIncomeExpense`	$-10.00M	USD	1 Quarter
Other noncash items affecting net income	`OtherNoncashIncomeExpense`	$-2.00M	USD	1 Quarter
Contributions to employee pension and postretirement plans	`PensionAndOtherPostretirementBenefitContributions`	$1.00M	USD	1 Quarter
Increase in accounts receivable	`IncreaseDecreaseInAccountsReceivableRelatedParties`	$73.00M	USD	1 Quarter
Increase in accounts receivable	`IncreaseDecreaseInAccountsReceivableRelatedParties`	$36.00M	USD	1 Quarter
Decrease (increase) in inventories	`IncreaseDecreaseInInventories`	$93.00M	USD	1 Quarter
Decrease (increase) in inventories	`IncreaseDecreaseInInventories`	$-24.00M	USD	1 Quarter
Decrease in prepaid and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-11.00M	USD	1 Quarter
(Decrease) increase in accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-41.00M	USD	1 Quarter
(Decrease) increase in accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$6.00M	USD	1 Quarter
(Decrease) increase in taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$15.00M	USD	1 Quarter
(Decrease) increase in taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-7.00M	USD	1 Quarter
Other, net	`IncreaseDecreaseInOtherOperatingCapitalNet`	$1.00M	USD	1 Quarter
Other, net	`IncreaseDecreaseInOtherOperatingCapitalNet`	$5.00M	USD	1 Quarter
Cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-26.00M	USD	1 Quarter
Cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.00M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$21.00M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$45.00M	USD	1 Quarter
Cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-21.00M	USD	1 Quarter
Cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-45.00M	USD	1 Quarter
Reductions of debt	`RepaymentsOfLongTermDebt`	$179.00M	USD	1 Quarter
Reductions of debt	`RepaymentsOfLongTermDebt`	$421.00M	USD	1 Quarter
Proceeds from borrowings	`ProceedsFromIssuanceOfLongTermDebt`	$945.00M	USD	1 Quarter
Proceeds from borrowings	`ProceedsFromIssuanceOfLongTermDebt`	$550.00M	USD	1 Quarter
Debt issuance costs	`PaymentsOfFinancingCosts`	$19.00M	USD	1 Quarter
Debt issuance costs	`PaymentsOfFinancingCosts`	$28.00M	USD	1 Quarter
Dividends paid	`PaymentsOfDividends`	$29.00M	USD	1 Quarter
Proceeds from conversion of warrants	`ProceedsFromConversionOfWarrants`	$1.00M	USD	1 Quarter
Proceeds from conversion of warrants	`ProceedsFromConversionOfWarrants`	$1.00M	USD	1 Quarter
Cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$111.00M	USD	1 Quarter
Cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$710.00M	USD	1 Quarter
Effects of Exchange Rate Changes on Cash and Cash Equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$5.00M	USD	1 Quarter
Effects of Exchange Rate Changes on Cash and Cash Equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-5.00M	USD	1 Quarter
Net Increase in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$659.00M	USD	1 Quarter
Net Increase in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$69.00M	USD	1 Quarter
Cash and Cash Equivalents at Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$154.00M	USD	Point-in-time
Cash and Cash Equivalents at Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$716.00M	USD	Point-in-time
Cash and Cash Equivalents at Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$223.00M	USD	Point-in-time
Cash and Cash Equivalents at Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$1.38B	USD	Point-in-time
Cash and Cash Equivalents at End of Period	`CashAndCashEquivalentsAtCarryingValue`	$154.00M	USD	Point-in-time
Cash and Cash Equivalents at End of Period	`CashAndCashEquivalentsAtCarryingValue`	$716.00M	USD	Point-in-time
Cash and Cash Equivalents at End of Period	`CashAndCashEquivalentsAtCarryingValue`	$223.00M	USD	Point-in-time
Cash and Cash Equivalents at End of Period	`CashAndCashEquivalentsAtCarryingValue`	$1.38B	USD	Point-in-time

Stockholders Equity 13 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.70B	USD	Point-in-time
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.88B	USD	Point-in-time
Net income (loss)	`ProfitLoss`	$86.00M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$-45.00M	USD	1 Quarter
Net income	`NetIncomeLoss`	$86.00M	USD	1 Quarter
Net income	`NetIncomeLoss`	$-57.00M	USD	1 Quarter
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-118.00M	USD	1 Quarter
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$7.00M	USD	1 Quarter
Share-based compensation	`ShareBasedCompensation`	$-5.00M	USD	1 Quarter
Warrants exercised	`WarrantExercise`	$1.00M	USD	1 Quarter
Class A and Class B dividend declared	`DividendsCommonStock`	$29.00M	USD	1 Quarter
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.70B	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.88B	USD	Point-in-time

Comprehensive Income 15 line items

Line Item	Tag	Value	Unit	Period
Actuarial losses, net of taxes	`OtherComprehensiveIncomeLossReclassificationPensionAndOtherPostretirementBenefitPlansNetGainLossRecognizedInNetPeriodicBenefitCostTax`	$1.00M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$86.00M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$-45.00M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	$-7.00M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	$119.00M	USD	1 Quarter
Amortization of actuarial losses, net of taxes of less than $1 million in 2013	`OtherComprehensiveIncomeReclassificationOfDefinedBenefitPlansNetGainLossRecognizedInNetPeriodicBenefitCostNetOfTax`	$1.00M	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-118.00M	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$7.00M	USD	1 Quarter
Total Comprehensive Income (Loss)	`ComprehensiveIncomeNetOfTax`	$93.00M	USD	1 Quarter
Total Comprehensive Income (Loss)	`ComprehensiveIncomeNetOfTax`	$-163.00M	USD	1 Quarter
Net income	`NetIncomeLossAttributableToNoncontrollingInterest`	$12.00M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToNoncontrollingInterest`	$-28.00M	USD	1 Quarter
Comprehensive loss attributable to noncontrolling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-16.00M	USD	1 Quarter
Comprehensive Income (Loss) Attributable to Tronox Limited Shareholders	`ComprehensiveIncomeAttributableToParent`	$-147.00M	USD	1 Quarter
Comprehensive Income (Loss) Attributable to Tronox Limited Shareholders	`ComprehensiveIncomeAttributableToParent`	$93.00M	USD	1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.