10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0001564590-18-011849 |
| Period End Date | 20180331 |
| Filing Date | 20180508 |
| Fiscal Year | 2018 |
| Fiscal Period | Q1 |
| XBRL Instance | kro-20180331.xml |
Filing Contents
This filing contains the following financial statements:
Balance Sheet
77 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$364.60M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$322.00M | USD | Point-in-time |
| Restricted cash |
RestrictedCashAndCashEquivalentsAtCarryingValue
|
$1.70M | USD | Point-in-time |
| Restricted cash |
RestrictedCashAndCashEquivalentsAtCarryingValue
|
$1.30M | USD | Point-in-time |
| Accounts and other receivables |
ReceivablesNetCurrent
|
$390.20M | USD | Point-in-time |
| Accounts and other receivables |
ReceivablesNetCurrent
|
$346.50M | USD | Point-in-time |
| Inventories, net |
InventoryNet
|
$382.30M | USD | Point-in-time |
| Inventories, net |
InventoryNet
|
$430.20M | USD | Point-in-time |
| Prepaid expenses and other |
PrepaidExpenseAndOtherAssetsCurrent
|
$10.00M | USD | Point-in-time |
| Prepaid expenses and other |
PrepaidExpenseAndOtherAssetsCurrent
|
$9.20M | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$1.06B | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$1.20B | USD | Point-in-time |
| Investment in TiO2 manufacturing joint venture |
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
|
$86.50M | USD | Point-in-time |
| Investment in TiO2 manufacturing joint venture |
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
|
$79.60M | USD | Point-in-time |
| Marketable securities |
AvailableForSaleSecuritiesNoncurrent
|
$10.50M | USD | Point-in-time |
| Marketable securities |
AvailableForSaleSecuritiesNoncurrent
|
$10.70M | USD | Point-in-time |
| Note receivable from Valhi |
DueFromAffiliateNoncurrent
|
$13.60M | USD | Point-in-time |
| Deferred income taxes |
DeferredTaxAssetsNetNoncurrent
|
$132.30M | USD | Point-in-time |
| Deferred income taxes |
DeferredTaxAssetsNetNoncurrent
|
$139.20M | USD | Point-in-time |
| Other |
OtherAssetsNoncurrent
|
$6.60M | USD | Point-in-time |
| Other |
OtherAssetsNoncurrent
|
$5.50M | USD | Point-in-time |
| Total other assets |
AssetsNoncurrentExcludingPropertyPlantAndEquipment
|
$255.50M | USD | Point-in-time |
| Total other assets |
AssetsNoncurrentExcludingPropertyPlantAndEquipment
|
$229.00M | USD | Point-in-time |
| Land |
Land
|
$43.20M | USD | Point-in-time |
| Land |
Land
|
$42.00M | USD | Point-in-time |
| Buildings |
BuildingsAndImprovementsGross
|
$221.60M | USD | Point-in-time |
| Buildings |
BuildingsAndImprovementsGross
|
$225.30M | USD | Point-in-time |
| Equipment |
MachineryAndEquipmentGross
|
$1.16B | USD | Point-in-time |
| Equipment |
MachineryAndEquipmentGross
|
$1.10B | USD | Point-in-time |
| Mining properties |
MiningProperties
|
$123.70M | USD | Point-in-time |
| Mining properties |
MiningProperties
|
$115.70M | USD | Point-in-time |
| Construction in progress |
ConstructionInProgressGross
|
$52.60M | USD | Point-in-time |
| Construction in progress |
ConstructionInProgressGross
|
$27.00M | USD | Point-in-time |
| Gross property and equipment |
PropertyPlantAndEquipmentGross
|
$1.54B | USD | Point-in-time |
| Gross property and equipment |
PropertyPlantAndEquipmentGross
|
$1.58B | USD | Point-in-time |
| Less accumulated depreciation and amortization |
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
$1.03B | USD | Point-in-time |
| Less accumulated depreciation and amortization |
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
$1.06B | USD | Point-in-time |
| Net property and equipment |
PropertyPlantAndEquipmentNet
|
$506.40M | USD | Point-in-time |
| Net property and equipment |
PropertyPlantAndEquipmentNet
|
$514.10M | USD | Point-in-time |
| Total assets |
Assets
|
$1.82B | USD | Point-in-time |
| Total assets |
Assets
|
$1.94B | USD | Point-in-time |
| Current maturities of long-term debt |
LongTermDebtCurrent
|
$700.00K | USD | Point-in-time |
| Current maturities of long-term debt |
LongTermDebtCurrent
|
$700.00K | USD | Point-in-time |
| Accounts payable and accrued liabilities |
AccountsPayableAndAccruedLiabilitiesCurrent
|
$227.90M | USD | Point-in-time |
| Accounts payable and accrued liabilities |
AccountsPayableAndAccruedLiabilitiesCurrent
|
$205.80M | USD | Point-in-time |
| Income taxes |
AccruedIncomeTaxesCurrent
|
$32.50M | USD | Point-in-time |
| Income taxes |
AccruedIncomeTaxesCurrent
|
$25.00M | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$231.50M | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$261.10M | USD | Point-in-time |
| Long-term debt |
LongTermDebtNoncurrent
|
$473.80M | USD | Point-in-time |
| Long-term debt |
LongTermDebtNoncurrent
|
$487.40M | USD | Point-in-time |
| Accrued pension costs |
DefinedBenefitPensionPlanLiabilitiesNoncurrent
|
$254.20M | USD | Point-in-time |
| Accrued pension costs |
DefinedBenefitPensionPlanLiabilitiesNoncurrent
|
$260.10M | USD | Point-in-time |
| Accrued postretirement benefits costs |
OtherPostretirementDefinedBenefitPlanLiabilitiesNoncurrent
|
$7.70M | USD | Point-in-time |
| Accrued postretirement benefits costs |
OtherPostretirementDefinedBenefitPlanLiabilitiesNoncurrent
|
$7.50M | USD | Point-in-time |
| Payable to affiliate |
DueToAffiliateNoncurrent
|
$70.10M | USD | Point-in-time |
| Payable to affiliate |
DueToAffiliateNoncurrent
|
$70.10M | USD | Point-in-time |
| Deferred income taxes |
DeferredTaxLiabilitiesNoncurrent
|
$11.30M | USD | Point-in-time |
| Deferred income taxes |
DeferredTaxLiabilitiesNoncurrent
|
$11.50M | USD | Point-in-time |
| Other |
OtherLiabilitiesNoncurrent
|
$21.50M | USD | Point-in-time |
| Other |
OtherLiabilitiesNoncurrent
|
$22.60M | USD | Point-in-time |
| Total noncurrent liabilities |
LiabilitiesNoncurrent
|
$838.60M | USD | Point-in-time |
| Total noncurrent liabilities |
LiabilitiesNoncurrent
|
$859.20M | USD | Point-in-time |
| Common stock |
CommonStockValue
|
$1.20M | USD | Point-in-time |
| Common stock |
CommonStockValue
|
$1.20M | USD | Point-in-time |
| Additional paid-in capital |
AdditionalPaidInCapitalCommonStock
|
$1.40B | USD | Point-in-time |
| Additional paid-in capital |
AdditionalPaidInCapitalCommonStock
|
$1.40B | USD | Point-in-time |
| Retained deficit |
RetainedEarningsAccumulatedDeficit
|
$-267.20M | USD | Point-in-time |
| Retained deficit |
RetainedEarningsAccumulatedDeficit
|
$-211.40M | USD | Point-in-time |
| Accumulated other comprehensive loss |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$-370.50M | USD | Point-in-time |
| Accumulated other comprehensive loss |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$-378.70M | USD | Point-in-time |
| Total stockholders' equity |
StockholdersEquity
|
$818.30M | USD | Point-in-time |
| Total stockholders' equity |
StockholdersEquity
|
$754.30M | USD | Point-in-time |
| Total liabilities and stockholders' equity |
LiabilitiesAndStockholdersEquity
|
$1.82B | USD | Point-in-time |
| Total liabilities and stockholders' equity |
LiabilitiesAndStockholdersEquity
|
$1.94B | USD | Point-in-time |
| Commitments and contingencies (Notes 11 and 13) |
CommitmentsAndContingencies
|
- | USD | Point-in-time |
| Commitments and contingencies (Notes 11 and 13) |
CommitmentsAndContingencies
|
- | USD | Point-in-time |
Income Statement
33 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net sales |
SalesRevenueNet
|
$369.80M | USD | 1 Quarter |
| Net sales |
SalesRevenueNet
|
$430.40M | USD | 1 Quarter |
| Cost of sales |
CostOfGoodsSold
|
$255.60M | USD | 1 Quarter |
| Cost of sales |
CostOfGoodsSold
|
$263.80M | USD | 1 Quarter |
| Gross margin |
GrossProfit
|
$106.00M | USD | 1 Quarter |
| Gross margin |
GrossProfit
|
$174.80M | USD | 1 Quarter |
| Selling, general and administrative expense |
SellingGeneralAndAdministrativeExpense
|
$45.30M | USD | 1 Quarter |
| Selling, general and administrative expense |
SellingGeneralAndAdministrativeExpense
|
$58.40M | USD | 1 Quarter |
| Currency transaction losses, net |
ForeignCurrencyTransactionGainLossBeforeTax
|
$-5.00M | USD | 1 Quarter |
| Currency transaction losses, net |
ForeignCurrencyTransactionGainLossBeforeTax
|
$-200.00K | USD | 1 Quarter |
| Other operating expense, net |
OtherOperatingIncomeExpenseNet
|
$-3.90M | USD | 1 Quarter |
| Other operating expense, net |
OtherOperatingIncomeExpenseNet
|
$-4.10M | USD | 1 Quarter |
| Income from operations |
OperatingIncomeLoss
|
$56.40M | USD | 1 Quarter |
| Income from operations |
OperatingIncomeLoss
|
$107.50M | USD | 1 Quarter |
| Interest and dividend income |
InvestmentIncomeInterestAndDividend
|
$200.00K | USD | 1 Quarter |
| Interest and dividend income |
InvestmentIncomeInterestAndDividend
|
$1.00M | USD | 1 Quarter |
| Securities transactions, net |
MarketableSecuritiesGainLoss
|
$-200.00K | USD | 1 Quarter |
| Other components of net periodic pension and OPEB cost |
DefinedBenefitPlanOtherCosts
|
$4.10M | USD | 1 Quarter |
| Other components of net periodic pension and OPEB cost |
DefinedBenefitPlanOtherCosts
|
$3.80M | USD | 1 Quarter |
| Interest expense |
InterestExpense
|
$4.70M | USD | 1 Quarter |
| Interest expense |
InterestExpense
|
$4.80M | USD | 1 Quarter |
| Income before income taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
$47.80M | USD | 1 Quarter |
| Income before income taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
$99.70M | USD | 1 Quarter |
| Income tax expense |
IncomeTaxExpenseBenefit
|
$11.00M | USD | 1 Quarter |
| Income tax expense |
IncomeTaxExpenseBenefit
|
$29.00M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$70.70M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$36.80M | USD | 1 Quarter |
| Net income per basic and diluted share |
EarningsPerShareBasicAndDiluted
|
$0.32 | USD | 1 Quarter |
| Net income per basic and diluted share |
EarningsPerShareBasicAndDiluted
|
$0.61 | USD | 1 Quarter |
| Cash dividends per share |
CommonStockDividendsPerShareCashPaid
|
$0.15 | USD | 1 Quarter |
| Cash dividends per share |
CommonStockDividendsPerShareCashPaid
|
$0.17 | USD | 1 Quarter |
| Weighted average shares used in the calculation of net income per share |
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
115.90M | shares | 1 Quarter |
| Weighted average shares used in the calculation of net income per share |
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
115.90M | shares | 1 Quarter |
Cash Flow Statement
58 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net income |
NetIncomeLoss
|
$70.70M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$36.80M | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationDepletionAndAmortization
|
$12.30M | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationDepletionAndAmortization
|
$10.10M | USD | 1 Quarter |
| Deferred income taxes |
DeferredIncomeTaxExpenseBenefit
|
$3.00M | USD | 1 Quarter |
| Deferred income taxes |
DeferredIncomeTaxExpenseBenefit
|
$9.40M | USD | 1 Quarter |
| Benefit plan expense greater than cash funding |
PensionAndOtherPostretirementBenefitExpense
|
$900.00K | USD | 1 Quarter |
| Benefit plan expense greater than cash funding |
PensionAndOtherPostretirementBenefitExpense
|
$3.70M | USD | 1 Quarter |
| Distributions from (contributions to) TiO2 manufacturing joint venture, net |
EquityMethodInvestmentDistributionsFromContributionsToNet
|
$5.50M | USD | 1 Quarter |
| Distributions from (contributions to) TiO2 manufacturing joint venture, net |
EquityMethodInvestmentDistributionsFromContributionsToNet
|
$-3.10M | USD | 1 Quarter |
| Other, net |
OtherNoncashIncomeExpense
|
$-1.10M | USD | 1 Quarter |
| Other, net |
OtherNoncashIncomeExpense
|
$-500.00K | USD | 1 Quarter |
| Accounts and other receivables |
IncreaseDecreaseInAccountsAndOtherReceivables
|
$38.70M | USD | 1 Quarter |
| Accounts and other receivables |
IncreaseDecreaseInAccountsAndOtherReceivables
|
$26.80M | USD | 1 Quarter |
| Inventories |
IncreaseDecreaseInInventories
|
$12.10M | USD | 1 Quarter |
| Inventories |
IncreaseDecreaseInInventories
|
$40.90M | USD | 1 Quarter |
| Prepaid expenses |
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
$-1.00M | USD | 1 Quarter |
| Prepaid expenses |
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
$-1.40M | USD | 1 Quarter |
| Accounts payable and accrued liabilities |
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
$28.60M | USD | 1 Quarter |
| Accounts payable and accrued liabilities |
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
$21.50M | USD | 1 Quarter |
| Income taxes |
IncreaseDecreaseInAccruedIncomeTaxesPayable
|
$4.70M | USD | 1 Quarter |
| Income taxes |
IncreaseDecreaseInAccruedIncomeTaxesPayable
|
$6.70M | USD | 1 Quarter |
| Accounts with affiliates |
IncreaseDecreaseDueFromAffiliates
|
$-400.00K | USD | 1 Quarter |
| Accounts with affiliates |
IncreaseDecreaseDueFromAffiliates
|
$800.00K | USD | 1 Quarter |
| Other, net |
IncreaseDecreaseInOtherOperatingCapitalNet
|
$-2.70M | USD | 1 Quarter |
| Other, net |
IncreaseDecreaseInOtherOperatingCapitalNet
|
$-1.20M | USD | 1 Quarter |
| Net cash provided by operating activities |
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
$41.60M | USD | 1 Quarter |
| Net cash provided by operating activities |
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
$58.20M | USD | 1 Quarter |
| Capital expenditures |
PaymentsToAcquirePropertyPlantAndEquipment
|
$15.20M | USD | 1 Quarter |
| Capital expenditures |
PaymentsToAcquirePropertyPlantAndEquipment
|
$11.90M | USD | 1 Quarter |
| Net cash used in investing activities |
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
$-11.90M | USD | 1 Quarter |
| Net cash used in investing activities |
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
$-1.60M | USD | 1 Quarter |
| Borrowings |
ProceedsFromIssuanceOfLongTermDebt
|
$42.20M | USD | 1 Quarter |
| Principal payments |
RepaymentsOfLongTermDebt
|
$100.00K | USD | 1 Quarter |
| Principal payments |
RepaymentsOfLongTermDebt
|
$17.10M | USD | 1 Quarter |
| Deferred financing fees |
PaymentsOfFinancingCosts
|
$100.00K | USD | 1 Quarter |
| Dividends paid |
PaymentsOfDividendsCommonStock
|
$19.70M | USD | 1 Quarter |
| Dividends paid |
PaymentsOfDividendsCommonStock
|
$17.40M | USD | 1 Quarter |
| Net cash provided by (used in) financing activities |
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
$-19.80M | USD | 1 Quarter |
| Net cash provided by (used in) financing activities |
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
$7.60M | USD | 1 Quarter |
| Operating, investing and financing activities |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
$36.80M | USD | 1 Quarter |
| Operating, investing and financing activities |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
$37.30M | USD | 1 Quarter |
| Currency translation |
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$1.30M | USD | 1 Quarter |
| Currency translation |
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$5.40M | USD | 1 Quarter |
| Balance at beginning of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$52.30M | USD | Point-in-time |
| Balance at beginning of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$323.70M | USD | Point-in-time |
| Balance at beginning of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$365.90M | USD | Point-in-time |
| Balance at beginning of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$90.90M | USD | Point-in-time |
| Balance at end of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$52.30M | USD | Point-in-time |
| Balance at end of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$323.70M | USD | Point-in-time |
| Balance at end of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$365.90M | USD | Point-in-time |
| Balance at end of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$90.90M | USD | Point-in-time |
| Interest, net of amount capitalized |
InterestPaidNet
|
$4.20M | USD | 1 Quarter |
| Interest, net of amount capitalized |
InterestPaidNet
|
$9.10M | USD | 1 Quarter |
| Income taxes |
IncomeTaxesPaidNet
|
$2.10M | USD | 1 Quarter |
| Income taxes |
IncomeTaxesPaidNet
|
$14.00M | USD | 1 Quarter |
| Accrual for capital expenditures |
CapitalExpendituresIncurredButNotYetPaid
|
$2.50M | USD | 1 Quarter |
| Accrual for capital expenditures |
CapitalExpendituresIncurredButNotYetPaid
|
$4.20M | USD | 1 Quarter |
Stockholders Equity
10 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Beginning Balance |
StockholdersEquity
|
$818.30M | USD | Point-in-time |
| Beginning Balance |
StockholdersEquity
|
$754.30M | USD | Point-in-time |
| Balance as adjusted |
StockholdersEquityCumulativeEffect
|
$754.30M | USD | Point-in-time |
| Net income |
NetIncomeLoss
|
$70.70M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$36.80M | USD | 1 Quarter |
| Other comprehensive income, net of tax |
OtherComprehensiveIncomeLossNetOfTax
|
$12.40M | USD | 1 Quarter |
| Other comprehensive income, net of tax |
OtherComprehensiveIncomeLossNetOfTax
|
$13.00M | USD | 1 Quarter |
| Dividends paid |
DividendsCommonStockCash
|
$19.70M | USD | 1 Quarter |
| Ending Balance |
StockholdersEquity
|
$818.30M | USD | Point-in-time |
| Ending Balance |
StockholdersEquity
|
$754.30M | USD | Point-in-time |
Comprehensive Income
10 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net income |
NetIncomeLoss
|
$70.70M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$36.80M | USD | 1 Quarter |
| Currency translation |
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
|
$9.00M | USD | 1 Quarter |
| Currency translation |
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
|
$10.70M | USD | 1 Quarter |
| Marketable securities |
OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent
|
$-200.00K | USD | 1 Quarter |
| Interest rate swap |
OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPortionAttributableToParent
|
$600.00K | USD | 1 Quarter |
| Total other comprehensive income, net |
OtherComprehensiveIncomeLossNetOfTax
|
$12.40M | USD | 1 Quarter |
| Total other comprehensive income, net |
OtherComprehensiveIncomeLossNetOfTax
|
$13.00M | USD | 1 Quarter |
| Comprehensive income |
ComprehensiveIncomeNetOfTax
|
$83.70M | USD | 1 Quarter |
| Comprehensive income |
ComprehensiveIncomeNetOfTax
|
$49.20M | USD | 1 Quarter |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.