10-Q Filing

COMPX INTERNATIONAL INC CIK: 1049606 Q2 2023

Filing Information

Form Type	10-Q
Accession Number	`0001558370-23-012730`
Period End Date	20230630
Filing Date	20230801
Fiscal Year	2023
Fiscal Period	Q2
XBRL Instance	cik-20230630x10q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 66 Income Statement 58 Cash Flow Statement 48 Stockholders Equity 32

Balance Sheet 66 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$26.75M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$17.96M	USD	Point-in-time
Marketable securities	`MarketableSecuritiesCurrent`	$33.15M	USD	Point-in-time
Marketable securities	`MarketableSecuritiesCurrent`	$46.79M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$15.04M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$17.84M	USD	Point-in-time
Inventories, net	`InventoryNet`	$33.77M	USD	Point-in-time
Inventories, net	`InventoryNet`	$31.29M	USD	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$2.14M	USD	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$1.67M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$111.16M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$115.23M	USD	Point-in-time
Note receivable from affiliate	`DueFromAffiliateNoncurrent`	$13.20M	USD	Point-in-time
Note receivable from affiliate	`DueFromAffiliateNoncurrent`	$12.20M	USD	Point-in-time
Goodwill	`Goodwill`	$23.74M	USD	Point-in-time
Goodwill	`Goodwill`	$23.74M	USD	Point-in-time
Other noncurrent assets	`OtherAssetsNoncurrent`	$747.00K	USD	Point-in-time
Other noncurrent assets	`OtherAssetsNoncurrent`	$590.00K	USD	Point-in-time
Total other assets	`AssetsNoncurrentOtherThanNoncurrentInvestmentsAndPropertyPlantAndEquipment`	$36.69M	USD	Point-in-time
Total other assets	`AssetsNoncurrentOtherThanNoncurrentInvestmentsAndPropertyPlantAndEquipment`	$37.53M	USD	Point-in-time
Land	`Land`	$5.39M	USD	Point-in-time
Land	`Land`	$5.39M	USD	Point-in-time
Buildings	`BuildingsAndImprovementsGross`	$23.18M	USD	Point-in-time
Buildings	`BuildingsAndImprovementsGross`	$23.18M	USD	Point-in-time
Equipment	`MachineryAndEquipmentGross`	$74.53M	USD	Point-in-time
Equipment	`MachineryAndEquipmentGross`	$74.11M	USD	Point-in-time
Construction in progress	`ConstructionInProgressGross`	$722.00K	USD	Point-in-time
Construction in progress	`ConstructionInProgressGross`	$434.00K	USD	Point-in-time
Gross property and equipment	`PropertyPlantAndEquipmentGross`	$103.41M	USD	Point-in-time
Gross property and equipment	`PropertyPlantAndEquipmentGross`	$103.53M	USD	Point-in-time
Less accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$74.71M	USD	Point-in-time
Less accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$76.41M	USD	Point-in-time
Net property and equipment	`PropertyPlantAndEquipmentNet`	$28.69M	USD	Point-in-time
Net property and equipment	`PropertyPlantAndEquipmentNet`	$27.12M	USD	Point-in-time
Total assets	`Assets`	$177.39M	USD	Point-in-time
Total assets	`Assets`	$179.05M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$15.62M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$13.95M	USD	Point-in-time
Income taxes payable to affiliate	`DueToAffiliateCurrent`	$1.03M	USD	Point-in-time
Income taxes payable to affiliate	`DueToAffiliateCurrent`	$827.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$16.65M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$14.78M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilitiesNet`	$1.78M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilitiesNet`	$2.23M	USD	Point-in-time
Other	`OtherLiabilitiesNoncurrent`	$48.00K	USD	Point-in-time
Other	`OtherLiabilitiesNoncurrent`	$68.00K	USD	Point-in-time
Total noncurrent liabilities	`LiabilitiesNoncurrent`	$1.83M	USD	Point-in-time
Total noncurrent liabilities	`LiabilitiesNoncurrent`	$2.30M	USD	Point-in-time
Preferred stock	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock	`PreferredStockValue`	-	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$53.27M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$53.16M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$105.17M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$109.16M	USD	Point-in-time
Unrealized loss arising during year, net	`AccumulatedOtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$-17.00K	USD	Point-in-time
Unrealized loss arising during year, net	`AccumulatedOtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$-119.00K	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$162.44M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$161.40M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$176.43M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$158.44M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$174.98M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$173.09M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$177.39M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$179.05M	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 58 line items

Line Item	Tag	Value	Unit	Period
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$36.62M	USD	1 Quarter
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$83.72M	USD	2 Qtrs
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$41.67M	USD	1 Quarter
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$77.77M	USD	2 Qtrs
Cost of sales	`CostOfGoodsAndServicesSold`	$58.02M	USD	2 Qtrs
Cost of sales	`CostOfGoodsAndServicesSold`	$54.79M	USD	2 Qtrs
Cost of sales	`CostOfGoodsAndServicesSold`	$28.05M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$26.34M	USD	1 Quarter
Gross margin	`GrossProfit`	$25.71M	USD	2 Qtrs
Gross margin	`GrossProfit`	$22.98M	USD	2 Qtrs
Gross margin	`GrossProfit`	$10.27M	USD	1 Quarter
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`	$5.91M	USD	1 Quarter
Selling, general and administrative expense	`SellingGeneralAndAdministrativeExpense`	$11.66M	USD	2 Qtrs
Selling, general and administrative expense	`SellingGeneralAndAdministrativeExpense`	$11.57M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$7.75M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$11.41M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$14.05M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$4.37M	USD	1 Quarter
Interest income	`InterestIncomeFromRelatedPartyAndDividendIncome`	$992.00K	USD	1 Quarter
Interest income	`InterestIncomeFromRelatedPartyAndDividendIncome`	$551.00K	USD	2 Qtrs
Interest income	`InterestIncomeFromRelatedPartyAndDividendIncome`	$337.00K	USD	1 Quarter
Interest income	`InterestIncomeFromRelatedPartyAndDividendIncome`	$1.94M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$5.36M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$13.35M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$8.08M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$14.60M	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$3.44M	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$1.29M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$3.21M	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$1.91M	USD	1 Quarter
Net income	`NetIncomeLoss`	$10.14M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$6.18M	USD	1 Quarter
Net income	`NetIncomeLoss`	$11.16M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$4.07M	USD	1 Quarter
Unrealized loss arising during year, net	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$-102.00K	USD	2 Qtrs
Unrealized loss arising during year, net	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$-72.00K	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$11.16M	USD	2 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$6.18M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$10.04M	USD	2 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$4.00M	USD	1 Quarter
Net income per basic share	`EarningsPerShareBasic`	$0.50	USD	1 Quarter
Net income per basic share	`EarningsPerShareBasic`	$0.90	USD	2 Qtrs
Net income per basic share	`EarningsPerShareBasic`	$0.82	USD	2 Qtrs
Net income per basic share	`EarningsPerShareBasic`	$0.33	USD	1 Quarter
Net income per diluted share	`EarningsPerShareDiluted`	$0.90	USD	2 Qtrs
Net income per diluted share	`EarningsPerShareDiluted`	$0.33	USD	1 Quarter
Net income per diluted share	`EarningsPerShareDiluted`	$0.50	USD	1 Quarter
Net income per diluted share	`EarningsPerShareDiluted`	$0.82	USD	2 Qtrs
Weighted average shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	12.37M	shares	1 Quarter
Weighted average shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	12.31M	shares	1 Quarter
Weighted average shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	12.37M	shares	2 Qtrs
Weighted average shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	12.31M	shares	2 Qtrs
Weighted average shares outstanding - diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	12.37M	shares	2 Qtrs
Weighted average shares outstanding - diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	12.31M	shares	1 Quarter
Weighted average shares outstanding - diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	12.31M	shares	2 Qtrs
Weighted average shares outstanding - diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	12.37M	shares	1 Quarter

Cash Flow Statement 48 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$11.16M	USD	2 Qtrs
Net income	`ProfitLoss`	$10.14M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$2.01M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$1.96M	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-421.00K	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-486.00K	USD	2 Qtrs
Noncash interest income	`NoncashInterestIncome`	$855.00K	USD	2 Qtrs
Other, net	`OtherNoncashIncomeExpense`	$-201.00K	USD	2 Qtrs
Other, net	`OtherNoncashIncomeExpense`	$-232.00K	USD	2 Qtrs
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$2.03M	USD	2 Qtrs
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$-2.79M	USD	2 Qtrs
Inventories, net	`IncreaseDecreaseInInventories`	$7.74M	USD	2 Qtrs
Inventories, net	`IncreaseDecreaseInInventories`	$2.58M	USD	2 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-1.62M	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`	$-208.00K	USD	2 Qtrs
Prepaids and other, net	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$1.32M	USD	2 Qtrs
Prepaids and other, net	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-281.00K	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$9.77M	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`	$478.00K	USD	2 Qtrs
Purchases	`PaymentsToAcquireMarketableSecurities`	$24.93M	USD	2 Qtrs
Proceeds from maturities	`ProceedsFromSaleMaturityAndCollectionOfShorttermInvestments`	$12.00M	USD	2 Qtrs
Collections	`RepaymentOfNotesReceivableFromRelatedParties`	$14.70M	USD	2 Qtrs
Collections	`RepaymentOfNotesReceivableFromRelatedParties`	$12.40M	USD	2 Qtrs
Advances	`PaymentsForAdvanceToAffiliate`	$13.70M	USD	2 Qtrs
Advances	`PaymentsForAdvanceToAffiliate`	$10.30M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-12.40M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-115.00K	USD	2 Qtrs
Dividends paid	`PaymentsOfDividendsCommonStock`	$6.19M	USD	2 Qtrs
Dividends paid	`PaymentsOfDividendsCommonStock`	$6.16M	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`	$-6.16M	USD	2 Qtrs
Operating, investing and financing activities	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-6.52M	USD	2 Qtrs
Operating, investing and financing activities	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-8.79M	USD	2 Qtrs
Balance at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$17.96M	USD	Point-in-time
Balance at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$70.06M	USD	Point-in-time
Balance at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$26.75M	USD	Point-in-time
Balance at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$76.58M	USD	Point-in-time
Balance at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$17.96M	USD	Point-in-time
Balance at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$70.06M	USD	Point-in-time
Balance at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$26.75M	USD	Point-in-time
Balance at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$76.58M	USD	Point-in-time
Cash paid for income taxes	`IncomeTaxesPaidNet`	$4.60M	USD	2 Qtrs
Cash paid for income taxes	`IncomeTaxesPaidNet`	$3.85M	USD	2 Qtrs

Stockholders Equity 32 line items

Line Item	Tag	Value	Unit	Period
Cash dividends per share	`CommonStockDividendsPerShareCashPaid`	$0.25	USD	1 Quarter
Cash dividends per share	`CommonStockDividendsPerShareCashPaid`	$0.50	USD	2 Qtrs
Cash dividends per share	`CommonStockDividendsPerShareCashPaid`	$0.25	USD	1 Quarter
Cash dividends per share	`CommonStockDividendsPerShareCashPaid`	$0.50	USD	2 Qtrs
Balance	`StockholdersEquity`	$162.44M	USD	Point-in-time
Balance	`StockholdersEquity`	$161.40M	USD	Point-in-time
Balance	`StockholdersEquity`	$176.43M	USD	Point-in-time
Balance	`StockholdersEquity`	$158.44M	USD	Point-in-time
Balance	`StockholdersEquity`	$174.98M	USD	Point-in-time
Balance	`StockholdersEquity`	$173.09M	USD	Point-in-time
Net income	`NetIncomeLoss`	$10.14M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$6.18M	USD	1 Quarter
Net income	`NetIncomeLoss`	$11.16M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$4.07M	USD	1 Quarter
Issuance of common stock	`AdjustmentsToAdditionalPaidInCapitalStockIssued`	$118.00K	USD	2 Qtrs
Issuance of common stock	`AdjustmentsToAdditionalPaidInCapitalStockIssued`	$120.00K	USD	1 Quarter
Issuance of common stock	`AdjustmentsToAdditionalPaidInCapitalStockIssued`	$118.00K	USD	1 Quarter
Issuance of common stock	`AdjustmentsToAdditionalPaidInCapitalStockIssued`	$120.00K	USD	2 Qtrs
Other comprehensive loss	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax`	$102.00K	USD	2 Qtrs
Other comprehensive loss	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax`	$72.00K	USD	1 Quarter
Cash dividends	`DividendsCommonStockCash`	$6.16M	USD	2 Qtrs
Cash dividends	`DividendsCommonStockCash`	$3.09M	USD	1 Quarter
Cash dividends	`DividendsCommonStockCash`	$6.19M	USD	2 Qtrs
Cash dividends	`DividendsCommonStockCash`	$3.08M	USD	1 Quarter
Acquired	`TreasuryStockValueAcquiredParValueMethod`	$1.74M	USD	1 Quarter
Acquired	`TreasuryStockValueAcquiredParValueMethod`	$1.74M	USD	2 Qtrs
Balance	`StockholdersEquity`	$162.44M	USD	Point-in-time
Balance	`StockholdersEquity`	$161.40M	USD	Point-in-time
Balance	`StockholdersEquity`	$176.43M	USD	Point-in-time
Balance	`StockholdersEquity`	$158.44M	USD	Point-in-time
Balance	`StockholdersEquity`	$174.98M	USD	Point-in-time
Balance	`StockholdersEquity`	$173.09M	USD	Point-in-time

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