10-Q Filing

COMPX INTERNATIONAL INC CIK: 1049606 Q2 2022

Filing Information

Form Type	10-Q
Accession Number	`0001558370-22-011646`
Period End Date	20220630
Filing Date	20220802
Fiscal Year	2022
Fiscal Period	Q2
XBRL Instance	tmb-20220630x10q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 56 Income Statement 60 Cash Flow Statement 46 Stockholders Equity 31

Balance Sheet 56 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$76.58M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$70.06M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$17.57M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$15.55M	USD	Point-in-time
Inventories, net	`InventoryNet`	$33.30M	USD	Point-in-time
Inventories, net	`InventoryNet`	$25.64M	USD	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$3.78M	USD	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$2.46M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$120.23M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$124.71M	USD	Point-in-time
Note receivable from affiliate	`DueFromAffiliateNoncurrent`	$16.60M	USD	Point-in-time
Note receivable from affiliate	`DueFromAffiliateNoncurrent`	$18.70M	USD	Point-in-time
Goodwill	`Goodwill`	$23.74M	USD	Point-in-time
Goodwill	`Goodwill`	$23.74M	USD	Point-in-time
Other noncurrent	`OtherAssetsNoncurrent`	$590.00K	USD	Point-in-time
Other noncurrent	`OtherAssetsNoncurrent`	$597.00K	USD	Point-in-time
Total other assets	`AssetsNoncurrentOtherThanNoncurrentInvestmentsAndPropertyPlantAndEquipment`	$40.93M	USD	Point-in-time
Total other assets	`AssetsNoncurrentOtherThanNoncurrentInvestmentsAndPropertyPlantAndEquipment`	$43.04M	USD	Point-in-time
Land	`Land`	$5.07M	USD	Point-in-time
Land	`Land`	$5.07M	USD	Point-in-time
Buildings	`BuildingsAndImprovementsGross`	$23.16M	USD	Point-in-time
Buildings	`BuildingsAndImprovementsGross`	$23.17M	USD	Point-in-time
Equipment	`MachineryAndEquipmentGross`	$72.75M	USD	Point-in-time
Equipment	`MachineryAndEquipmentGross`	$70.66M	USD	Point-in-time
Construction in progress	`ConstructionInProgressGross`	$1.39M	USD	Point-in-time
Construction in progress	`ConstructionInProgressGross`	$2.03M	USD	Point-in-time
Gross property and equipment	`PropertyPlantAndEquipmentGross`	$100.92M	USD	Point-in-time
Gross property and equipment	`PropertyPlantAndEquipmentGross`	$102.39M	USD	Point-in-time
Less accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$71.74M	USD	Point-in-time
Less accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$72.93M	USD	Point-in-time
Net property and equipment	`PropertyPlantAndEquipmentNet`	$29.46M	USD	Point-in-time
Net property and equipment	`PropertyPlantAndEquipmentNet`	$29.18M	USD	Point-in-time
Total assets	`Assets`	$192.45M	USD	Point-in-time
Total assets	`Assets`	$195.10M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$14.72M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$15.18M	USD	Point-in-time
Income taxes payable to affiliate	`DueToAffiliateCurrent`	$1.72M	USD	Point-in-time
Income taxes payable to affiliate	`DueToAffiliateCurrent`	$1.05M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$16.24M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$16.45M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilitiesNet`	$2.43M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilitiesNet`	$2.92M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$53.16M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$54.78M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$118.18M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$123.16M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$169.10M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$176.43M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$171.34M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$173.09M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$174.98M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$167.66M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$195.10M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$192.45M	USD	Point-in-time
Commitments and contingencies (Note 1)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 1)	`CommitmentsAndContingencies`	-	USD	Point-in-time

Income Statement 60 line items

Line Item	Tag	Value	Unit	Period
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$83.72M	USD	2 Qtrs
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$72.18M	USD	2 Qtrs
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$36.25M	USD	1 Quarter
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$41.67M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$58.02M	USD	2 Qtrs
Cost of sales	`CostOfGoodsAndServicesSold`	$28.05M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$49.84M	USD	2 Qtrs
Cost of sales	`CostOfGoodsAndServicesSold`	$24.95M	USD	1 Quarter
Gross margin	`GrossProfit`	$11.31M	USD	1 Quarter
Gross margin	`GrossProfit`	$25.71M	USD	2 Qtrs
Gross margin	`GrossProfit`	$22.34M	USD	2 Qtrs
Gross margin	`GrossProfit`	$13.63M	USD	1 Quarter
Selling, general and administrative expense	`SellingGeneralAndAdministrativeExpense`	$5.88M	USD	1 Quarter
Selling, general and administrative expense	`SellingGeneralAndAdministrativeExpense`	$11.66M	USD	2 Qtrs
Selling, general and administrative expense	`SellingGeneralAndAdministrativeExpense`	$5.55M	USD	1 Quarter
Selling, general and administrative expense	`SellingGeneralAndAdministrativeExpense`	$10.77M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$7.75M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$5.76M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$14.05M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$11.57M	USD	2 Qtrs
Interest income	`InterestIncomeFromRelatedPartyAndDividendIncome`	$318.00K	USD	1 Quarter
Interest income	`InterestIncomeFromRelatedPartyAndDividendIncome`	$551.00K	USD	2 Qtrs
Interest income	`InterestIncomeFromRelatedPartyAndDividendIncome`	$656.00K	USD	2 Qtrs
Interest income	`InterestIncomeFromRelatedPartyAndDividendIncome`	$337.00K	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$14.60M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$12.23M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$6.08M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$8.08M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$1.91M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$1.46M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$3.44M	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$2.93M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$11.16M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$6.18M	USD	1 Quarter
Net income	`NetIncomeLoss`	$4.62M	USD	1 Quarter
Net income	`NetIncomeLoss`	$9.30M	USD	2 Qtrs
Net income - basic	`NetIncomeLossAvailableToCommonStockholdersBasic`	$9.30M	USD	2 Qtrs
Net income - basic	`NetIncomeLossAvailableToCommonStockholdersBasic`	$6.18M	USD	1 Quarter
Net income - basic	`NetIncomeLossAvailableToCommonStockholdersBasic`	$11.16M	USD	2 Qtrs
Net income - basic	`NetIncomeLossAvailableToCommonStockholdersBasic`	$4.62M	USD	1 Quarter
Net income - diluted	`NetIncomeLossAvailableToCommonStockholdersDiluted`	$11.16M	USD	2 Qtrs
Net income - diluted	`NetIncomeLossAvailableToCommonStockholdersDiluted`	$4.62M	USD	1 Quarter
Net income - diluted	`NetIncomeLossAvailableToCommonStockholdersDiluted`	$9.30M	USD	2 Qtrs
Net income - diluted	`NetIncomeLossAvailableToCommonStockholdersDiluted`	$6.18M	USD	1 Quarter
Net income per basic share	`EarningsPerShareBasic`	$0.50	USD	1 Quarter
Net income per basic share	`EarningsPerShareBasic`	$0.37	USD	1 Quarter
Net income per basic share	`EarningsPerShareBasic`	$0.90	USD	2 Qtrs
Net income per basic share	`EarningsPerShareBasic`	$0.75	USD	2 Qtrs
Net income per diluted share	`EarningsPerShareDiluted`	$0.50	USD	1 Quarter
Net income per diluted share	`EarningsPerShareDiluted`	$0.90	USD	2 Qtrs
Net income per diluted share	`EarningsPerShareDiluted`	$0.37	USD	1 Quarter
Net income per diluted share	`EarningsPerShareDiluted`	$0.75	USD	2 Qtrs
Weighted average shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	12.37M	shares	1 Quarter
Weighted average shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	12.40M	shares	1 Quarter
Weighted average shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	12.37M	shares	2 Qtrs
Weighted average shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	12.42M	shares	2 Qtrs
Weighted average shares outstanding - diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	12.42M	shares	2 Qtrs
Weighted average shares outstanding - diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	12.37M	shares	1 Quarter
Weighted average shares outstanding - diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	12.37M	shares	2 Qtrs
Weighted average shares outstanding - diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	12.40M	shares	1 Quarter

Cash Flow Statement 46 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$9.30M	USD	2 Qtrs
Net income	`ProfitLoss`	$11.16M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$1.90M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$1.96M	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-486.00K	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$467.00K	USD	2 Qtrs
Other, net	`OtherNoncashIncomeExpense`	$-201.00K	USD	2 Qtrs
Other, net	`OtherNoncashIncomeExpense`	$-185.00K	USD	2 Qtrs
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$2.03M	USD	2 Qtrs
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$5.91M	USD	2 Qtrs
Inventories, net	`IncreaseDecreaseInInventories`	$7.74M	USD	2 Qtrs
Inventories, net	`IncreaseDecreaseInInventories`	$1.69M	USD	2 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-393.00K	USD	2 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$446.00K	USD	2 Qtrs
Accounts with affiliates	`IncreaseDecreaseInDueToAffiliates`	$-667.00K	USD	2 Qtrs
Accounts with affiliates	`IncreaseDecreaseInDueToAffiliates`	$112.00K	USD	2 Qtrs
Prepaids and other, net	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$1.32M	USD	2 Qtrs
Prepaids and other, net	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$414.00K	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$3.56M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$1.53M	USD	2 Qtrs
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$2.21M	USD	2 Qtrs
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.60M	USD	2 Qtrs
Collections	`RepaymentOfNotesReceivableFromRelatedParties`	$22.20M	USD	2 Qtrs
Collections	`RepaymentOfNotesReceivableFromRelatedParties`	$12.40M	USD	2 Qtrs
Advances	`PaymentsForAdvanceToAffiliate`	$18.70M	USD	2 Qtrs
Advances	`PaymentsForAdvanceToAffiliate`	$10.30M	USD	2 Qtrs
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-115.00K	USD	2 Qtrs
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$1.90M	USD	2 Qtrs
Dividends paid	`PaymentsOfDividendsCommonStock`	$4.97M	USD	2 Qtrs
Dividends paid	`PaymentsOfDividendsCommonStock`	$6.19M	USD	2 Qtrs
Treasury stock acquired	`PaymentsForRepurchaseOfCommonStock`	$755.00K	USD	2 Qtrs
Treasury stock acquired	`PaymentsForRepurchaseOfCommonStock`	$1.74M	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-7.93M	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-5.73M	USD	2 Qtrs
Operating, investing and financing activities	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-6.52M	USD	2 Qtrs
Operating, investing and financing activities	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-263.00K	USD	2 Qtrs
Balance at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$70.06M	USD	Point-in-time
Balance at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$70.37M	USD	Point-in-time
Balance at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$70.64M	USD	Point-in-time
Balance at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$76.58M	USD	Point-in-time
Balance at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$70.06M	USD	Point-in-time
Balance at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$70.37M	USD	Point-in-time
Balance at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$70.64M	USD	Point-in-time
Balance at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$76.58M	USD	Point-in-time
Cash paid for income taxes	`IncomeTaxesPaidNet`	$2.44M	USD	2 Qtrs
Cash paid for income taxes	`IncomeTaxesPaidNet`	$4.60M	USD	2 Qtrs

Stockholders Equity 31 line items

Line Item	Tag	Value	Unit	Period
Cash dividends per share	`CommonStockDividendsPerShareCashPaid`	$0.40	USD	2 Qtrs
Cash dividends per share	`CommonStockDividendsPerShareCashPaid`	$0.50	USD	2 Qtrs
Cash dividends per share	`CommonStockDividendsPerShareCashPaid`	$0.20	USD	1 Quarter
Cash dividends per share	`CommonStockDividendsPerShareCashPaid`	$0.25	USD	1 Quarter
Balance	`StockholdersEquity`	$169.10M	USD	Point-in-time
Balance	`StockholdersEquity`	$176.43M	USD	Point-in-time
Balance	`StockholdersEquity`	$171.34M	USD	Point-in-time
Balance	`StockholdersEquity`	$173.09M	USD	Point-in-time
Balance	`StockholdersEquity`	$174.98M	USD	Point-in-time
Balance	`StockholdersEquity`	$167.66M	USD	Point-in-time
Net income	`NetIncomeLoss`	$11.16M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$6.18M	USD	1 Quarter
Net income	`NetIncomeLoss`	$4.62M	USD	1 Quarter
Net income	`NetIncomeLoss`	$9.30M	USD	2 Qtrs
Issuance of common stock	`AdjustmentsToAdditionalPaidInCapitalStockIssued`	$118.00K	USD	1 Quarter
Issuance of common stock	`AdjustmentsToAdditionalPaidInCapitalStockIssued`	$104.00K	USD	2 Qtrs
Issuance of common stock	`AdjustmentsToAdditionalPaidInCapitalStockIssued`	$118.00K	USD	2 Qtrs
Issuance of common stock	`AdjustmentsToAdditionalPaidInCapitalStockIssued`	$104.00K	USD	1 Quarter
Cash dividends	`DividendsCommonStockCash`	$3.09M	USD	1 Quarter
Cash dividends	`DividendsCommonStockCash`	$6.19M	USD	2 Qtrs
Cash dividends	`DividendsCommonStockCash`	$2.48M	USD	1 Quarter
Cash dividends	`DividendsCommonStockCash`	$4.97M	USD	2 Qtrs
Acquired	`TreasuryStockValueAcquiredParValueMethod`	$1.74M	USD	1 Quarter
Acquired	`TreasuryStockValueAcquiredParValueMethod`	$755.00K	USD	2 Qtrs
Acquired	`TreasuryStockValueAcquiredParValueMethod`	$1.74M	USD	2 Qtrs
Balance	`StockholdersEquity`	$169.10M	USD	Point-in-time
Balance	`StockholdersEquity`	$176.43M	USD	Point-in-time
Balance	`StockholdersEquity`	$171.34M	USD	Point-in-time
Balance	`StockholdersEquity`	$173.09M	USD	Point-in-time
Balance	`StockholdersEquity`	$174.98M	USD	Point-in-time
Balance	`StockholdersEquity`	$167.66M	USD	Point-in-time

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