10-Q Filing

COMPX INTERNATIONAL INC CIK: 1049606 Q3 2022

Filing Information

Form Type	10-Q
Accession Number	`0001558370-22-015987`
Period End Date	20220930
Filing Date	20221102
Fiscal Year	2022
Fiscal Period	Q3
XBRL Instance	tmb-20220930x10q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 59 Income Statement 60 Cash Flow Statement 47 Stockholders Equity 28

Balance Sheet 59 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$53.28M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$76.58M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$15.55M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$19.17M	USD	Point-in-time
Inventories, net	`InventoryNet`	$33.34M	USD	Point-in-time
Inventories, net	`InventoryNet`	$25.64M	USD	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$2.65M	USD	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$2.46M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$108.43M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$120.23M	USD	Point-in-time
Note receivable from affiliate	`DueFromAffiliateNoncurrent`	$14.70M	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 assets	`OtherAssetsNoncurrent`	$597.00K	USD	Point-in-time
Other noncurrent assets	`OtherAssetsNoncurrent`	$590.00K	USD	Point-in-time
Total other assets	`AssetsNoncurrentOtherThanNoncurrentInvestmentsAndPropertyPlantAndEquipment`	$43.04M	USD	Point-in-time
Total other assets	`AssetsNoncurrentOtherThanNoncurrentInvestmentsAndPropertyPlantAndEquipment`	$39.03M	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`	$23.18M	USD	Point-in-time
Equipment	`MachineryAndEquipmentGross`	$73.74M	USD	Point-in-time
Equipment	`MachineryAndEquipmentGross`	$70.66M	USD	Point-in-time
Construction in progress	`ConstructionInProgressGross`	$834.00K	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`	$102.82M	USD	Point-in-time
Less accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$73.76M	USD	Point-in-time
Less accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$71.74M	USD	Point-in-time
Net property and equipment	`PropertyPlantAndEquipmentNet`	$29.18M	USD	Point-in-time
Net property and equipment	`PropertyPlantAndEquipmentNet`	$29.06M	USD	Point-in-time
Total assets	`Assets`	$176.52M	USD	Point-in-time
Total assets	`Assets`	$192.45M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$16.14M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$14.72M	USD	Point-in-time
Income taxes payable to affiliate	`DueToAffiliateCurrent`	$1.38M	USD	Point-in-time
Income taxes payable to affiliate	`DueToAffiliateCurrent`	$1.72M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$16.45M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$17.51M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilitiesNet`	$2.18M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilitiesNet`	$2.92M	USD	Point-in-time
Other	`OtherLiabilitiesNoncurrent`	$61.00K	USD	Point-in-time
Total noncurrent liabilities	`LiabilitiesNoncurrent`	$2.24M	USD	Point-in-time
Total noncurrent liabilities	`LiabilitiesNoncurrent`	$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`	$103.49M	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`	$167.66M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$176.43M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$156.77M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$172.99M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$192.45M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$176.52M	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`	$106.73M	USD	3 Qtrs
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$42.86M	USD	1 Quarter
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$126.59M	USD	3 Qtrs
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$34.56M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$88.94M	USD	3 Qtrs
Cost of sales	`CostOfGoodsAndServicesSold`	$30.93M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$23.63M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$73.47M	USD	3 Qtrs
Gross margin	`GrossProfit`	$33.26M	USD	3 Qtrs
Gross margin	`GrossProfit`	$11.94M	USD	1 Quarter
Gross margin	`GrossProfit`	$37.65M	USD	3 Qtrs
Gross margin	`GrossProfit`	$10.92M	USD	1 Quarter
Selling, general and administrative expense	`SellingGeneralAndAdministrativeExpense`	$17.67M	USD	3 Qtrs
Selling, general and administrative expense	`SellingGeneralAndAdministrativeExpense`	$16.56M	USD	3 Qtrs
Selling, general and administrative expense	`SellingGeneralAndAdministrativeExpense`	$6.02M	USD	1 Quarter
Selling, general and administrative expense	`SellingGeneralAndAdministrativeExpense`	$5.79M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$16.71M	USD	3 Qtrs
Operating income	`OperatingIncomeLoss`	$19.97M	USD	3 Qtrs
Operating income	`OperatingIncomeLoss`	$5.92M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$5.13M	USD	1 Quarter
Interest income	`InterestIncomeFromRelatedPartyAndDividendIncome`	$558.00K	USD	1 Quarter
Interest income	`InterestIncomeFromRelatedPartyAndDividendIncome`	$289.00K	USD	1 Quarter
Interest income	`InterestIncomeFromRelatedPartyAndDividendIncome`	$1.11M	USD	3 Qtrs
Interest income	`InterestIncomeFromRelatedPartyAndDividendIncome`	$945.00K	USD	3 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$17.65M	USD	3 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$6.48M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$21.08M	USD	3 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$5.42M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$1.29M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$4.97M	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$1.53M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$4.21M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$4.13M	USD	1 Quarter
Net income	`NetIncomeLoss`	$13.44M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$16.11M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$4.95M	USD	1 Quarter
Net income - basic	`NetIncomeLossAvailableToCommonStockholdersBasic`	$16.11M	USD	3 Qtrs
Net income - basic	`NetIncomeLossAvailableToCommonStockholdersBasic`	$4.95M	USD	1 Quarter
Net income - basic	`NetIncomeLossAvailableToCommonStockholdersBasic`	$13.44M	USD	3 Qtrs
Net income - basic	`NetIncomeLossAvailableToCommonStockholdersBasic`	$4.13M	USD	1 Quarter
Net income - diluted	`NetIncomeLossAvailableToCommonStockholdersDiluted`	$4.95M	USD	1 Quarter
Net income - diluted	`NetIncomeLossAvailableToCommonStockholdersDiluted`	$13.44M	USD	3 Qtrs
Net income - diluted	`NetIncomeLossAvailableToCommonStockholdersDiluted`	$4.13M	USD	1 Quarter
Net income - diluted	`NetIncomeLossAvailableToCommonStockholdersDiluted`	$16.11M	USD	3 Qtrs
Net income per basic share	`EarningsPerShareBasic`	$1.08	USD	3 Qtrs
Net income per basic share	`EarningsPerShareBasic`	$1.30	USD	3 Qtrs
Net income per basic share	`EarningsPerShareBasic`	$0.40	USD	1 Quarter
Net income per basic share	`EarningsPerShareBasic`	$0.33	USD	1 Quarter
Net income per diluted share	`EarningsPerShareDiluted`	$0.33	USD	1 Quarter
Net income per diluted share	`EarningsPerShareDiluted`	$0.40	USD	1 Quarter
Net income per diluted share	`EarningsPerShareDiluted`	$1.08	USD	3 Qtrs
Net income per diluted share	`EarningsPerShareDiluted`	$1.30	USD	3 Qtrs
Weighted average shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	12.42M	shares	3 Qtrs
Weighted average shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	12.41M	shares	1 Quarter
Weighted average shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	12.31M	shares	1 Quarter
Weighted average shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	12.35M	shares	3 Qtrs
Weighted average shares outstanding - diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	12.42M	shares	3 Qtrs
Weighted average shares outstanding - diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	12.41M	shares	1 Quarter
Weighted average shares outstanding - diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	12.35M	shares	3 Qtrs
Weighted average shares outstanding - diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	12.31M	shares	1 Quarter

Cash Flow Statement 47 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$16.11M	USD	3 Qtrs
Net income	`ProfitLoss`	$13.44M	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$2.96M	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$2.86M	USD	3 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$426.00K	USD	3 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-742.00K	USD	3 Qtrs
Other, net	`OtherNoncashIncomeExpense`	$-323.00K	USD	3 Qtrs
Other, net	`OtherNoncashIncomeExpense`	$-287.00K	USD	3 Qtrs
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$3.63M	USD	3 Qtrs
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$4.37M	USD	3 Qtrs
Inventories, net	`IncreaseDecreaseInInventories`	$5.42M	USD	3 Qtrs
Inventories, net	`IncreaseDecreaseInInventories`	$7.85M	USD	3 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$1.91M	USD	3 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$1.45M	USD	3 Qtrs
Accounts with affiliates	`IncreaseDecreaseInDueToAffiliates`	$523.00K	USD	3 Qtrs
Accounts with affiliates	`IncreaseDecreaseInDueToAffiliates`	$-347.00K	USD	3 Qtrs
Prepaids and other, net	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$122.00K	USD	3 Qtrs
Prepaids and other, net	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$1.59M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$8.10M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$8.12M	USD	3 Qtrs
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$2.27M	USD	3 Qtrs
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$3.01M	USD	3 Qtrs
Proceeds from sale of fixed assets, net	`ProceedsFromSaleOfProductiveAssets`	$131.00K	USD	3 Qtrs
Collections	`RepaymentOfNotesReceivableFromRelatedParties`	$21.10M	USD	3 Qtrs
Collections	`RepaymentOfNotesReceivableFromRelatedParties`	$33.10M	USD	3 Qtrs
Advances	`PaymentsForAdvanceToAffiliate`	$25.40M	USD	3 Qtrs
Advances	`PaymentsForAdvanceToAffiliate`	$17.10M	USD	3 Qtrs
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$1.12M	USD	3 Qtrs
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$5.43M	USD	3 Qtrs
Dividends paid	`PaymentsOfDividendsCommonStock`	$30.80M	USD	3 Qtrs
Dividends paid	`PaymentsOfDividendsCommonStock`	$7.45M	USD	3 Qtrs
Treasury stock acquired	`PaymentsForRepurchaseOfCommonStock`	$1.74M	USD	3 Qtrs
Treasury stock acquired	`PaymentsForRepurchaseOfCommonStock`	$755.00K	USD	3 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-8.21M	USD	3 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-32.55M	USD	3 Qtrs
Operating, investing and financing activities	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-23.30M	USD	3 Qtrs
Operating, investing and financing activities	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$5.32M	USD	3 Qtrs
Balance at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$75.96M	USD	Point-in-time
Balance at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$76.58M	USD	Point-in-time
Balance at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$70.64M	USD	Point-in-time
Balance at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$53.28M	USD	Point-in-time
Balance at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$75.96M	USD	Point-in-time
Balance at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$76.58M	USD	Point-in-time
Balance at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$70.64M	USD	Point-in-time
Balance at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$53.28M	USD	Point-in-time
Cash paid for income taxes	`IncomeTaxesPaidNet`	$3.36M	USD	3 Qtrs
Cash paid for income taxes	`IncomeTaxesPaidNet`	$6.08M	USD	3 Qtrs

Stockholders Equity 28 line items

Line Item	Tag	Value	Unit	Period
Cash dividends per share	`CommonStockDividendsPerShareCashPaid`	$2.50	USD	3 Qtrs
Cash dividends per share	`CommonStockDividendsPerShareCashPaid`	$0.60	USD	3 Qtrs
Cash dividends per share	`CommonStockDividendsPerShareCashPaid`	$2.00	USD	1 Quarter
Cash dividends per share	`CommonStockDividendsPerShareCashPaid`	$0.20	USD	1 Quarter
Balance	`StockholdersEquity`	$171.34M	USD	Point-in-time
Balance	`StockholdersEquity`	$173.09M	USD	Point-in-time
Balance	`StockholdersEquity`	$167.66M	USD	Point-in-time
Balance	`StockholdersEquity`	$176.43M	USD	Point-in-time
Balance	`StockholdersEquity`	$156.77M	USD	Point-in-time
Balance	`StockholdersEquity`	$172.99M	USD	Point-in-time
Net income	`NetIncomeLoss`	$4.13M	USD	1 Quarter
Net income	`NetIncomeLoss`	$13.44M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$16.11M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$4.95M	USD	1 Quarter
Issuance of common stock	`AdjustmentsToAdditionalPaidInCapitalStockIssued`	$118.00K	USD	3 Qtrs
Issuance of common stock	`AdjustmentsToAdditionalPaidInCapitalStockIssued`	$104.00K	USD	3 Qtrs
Cash dividends	`DividendsCommonStockCash`	$30.80M	USD	3 Qtrs
Cash dividends	`DividendsCommonStockCash`	$2.48M	USD	1 Quarter
Cash dividends	`DividendsCommonStockCash`	$24.61M	USD	1 Quarter
Cash dividends	`DividendsCommonStockCash`	$7.45M	USD	3 Qtrs
Acquired	`TreasuryStockValueAcquiredParValueMethod`	$1.74M	USD	3 Qtrs
Acquired	`TreasuryStockValueAcquiredParValueMethod`	$755.00K	USD	3 Qtrs
Balance	`StockholdersEquity`	$171.34M	USD	Point-in-time
Balance	`StockholdersEquity`	$173.09M	USD	Point-in-time
Balance	`StockholdersEquity`	$167.66M	USD	Point-in-time
Balance	`StockholdersEquity`	$176.43M	USD	Point-in-time
Balance	`StockholdersEquity`	$156.77M	USD	Point-in-time
Balance	`StockholdersEquity`	$172.99M	USD	Point-in-time

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