10-Q Filing

COMPX INTERNATIONAL INC CIK: 1049606 Q1 2020

Filing Information

Form Type	10-Q
Accession Number	`0001564590-20-021267`
Period End Date	20200331
Filing Date	20200505
Fiscal Year	2020
Fiscal Period	Q1
XBRL Instance	cix-20200331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 56 Income Statement 22 Cash Flow Statement 41 Stockholders Equity 14

Balance Sheet 56 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$63.26M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$64.05M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$11.87M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$15.23M	USD	Point-in-time
Inventories, net	`InventoryNet`	$18.35M	USD	Point-in-time
Inventories, net	`InventoryNet`	$18.96M	USD	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$1.41M	USD	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$1.62M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$95.10M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$99.65M	USD	Point-in-time
Note receivable from affiliate	`DueFromAffiliateNoncurrent`	$28.10M	USD	Point-in-time
Note receivable from affiliate	`DueFromAffiliateNoncurrent`	$25.50M	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`	$590.00K	USD	Point-in-time
Total other assets	`AssetsNoncurrentOtherThanNoncurrentInvestmentsAndPropertyPlantAndEquipment`	$52.43M	USD	Point-in-time
Total other assets	`AssetsNoncurrentOtherThanNoncurrentInvestmentsAndPropertyPlantAndEquipment`	$49.83M	USD	Point-in-time
Land	`Land`	$4.94M	USD	Point-in-time
Land	`Land`	$4.94M	USD	Point-in-time
Buildings	`BuildingsAndImprovementsGross`	$23.05M	USD	Point-in-time
Buildings	`BuildingsAndImprovementsGross`	$23.05M	USD	Point-in-time
Equipment	`MachineryAndEquipmentGross`	$67.72M	USD	Point-in-time
Equipment	`MachineryAndEquipmentGross`	$68.44M	USD	Point-in-time
Construction in progress	`ConstructionInProgressGross`	$1.00M	USD	Point-in-time
Construction in progress	`ConstructionInProgressGross`	$463.00K	USD	Point-in-time
Gross property and equipment	`PropertyPlantAndEquipmentGross`	$96.71M	USD	Point-in-time
Gross property and equipment	`PropertyPlantAndEquipmentGross`	$96.89M	USD	Point-in-time
Less accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$66.53M	USD	Point-in-time
Less accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$65.69M	USD	Point-in-time
Net property and equipment	`PropertyPlantAndEquipmentNet`	$31.02M	USD	Point-in-time
Net property and equipment	`PropertyPlantAndEquipmentNet`	$30.36M	USD	Point-in-time
Total assets	`Assets`	$179.85M	USD	Point-in-time
Total assets	`Assets`	$178.54M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$12.08M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$9.01M	USD	Point-in-time
Income taxes payable to affiliates	`DueToAffiliateCurrent`	$984.00K	USD	Point-in-time
Income taxes payable to affiliates	`DueToAffiliateCurrent`	$2.24M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$11.25M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$13.06M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$3.29M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$3.38M	USD	Point-in-time
Preferred stock	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock	`PreferredStockValue`	-	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$55.87M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$55.87M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$109.23M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$106.20M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$165.22M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$152.68M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$162.19M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$149.56M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$178.54M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$179.85M	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 22 line items

Line Item	Tag	Value	Unit	Period
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$32.31M	USD	1 Quarter
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$31.18M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$21.88M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$21.55M	USD	1 Quarter
Gross margin	`GrossProfit`	$9.62M	USD	1 Quarter
Gross margin	`GrossProfit`	$10.43M	USD	1 Quarter
Selling, general and administrative expense	`SellingGeneralAndAdministrativeExpense`	$5.41M	USD	1 Quarter
Selling, general and administrative expense	`SellingGeneralAndAdministrativeExpense`	$5.33M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$4.29M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$5.02M	USD	1 Quarter
Interest income	`InterestIncomeFromRelatedPartyAndDividendIncome`	$837.00K	USD	1 Quarter
Interest income	`InterestIncomeFromRelatedPartyAndDividendIncome`	$607.00K	USD	1 Quarter
Income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$5.63M	USD	1 Quarter
Income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$5.13M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$1.36M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$1.14M	USD	1 Quarter
Net income	`NetIncomeLoss`	$3.99M	USD	1 Quarter
Net income	`NetIncomeLoss`	$4.27M	USD	1 Quarter
Basic and diluted net income per common share	`EarningsPerShareBasicAndDiluted`	$0.34	USD	1 Quarter
Basic and diluted net income per common share	`EarningsPerShareBasicAndDiluted`	$0.32	USD	1 Quarter
Basic and diluted weighted average shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	12.44M	shares	1 Quarter
Basic and diluted weighted average shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	12.44M	shares	1 Quarter

Cash Flow Statement 41 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$4.27M	USD	1 Quarter
Net income	`ProfitLoss`	$3.99M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$950.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$901.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$93.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$144.00K	USD	1 Quarter
Other, net	`OtherNoncashIncomeExpense`	$-153.00K	USD	1 Quarter
Other, net	`OtherNoncashIncomeExpense`	$-62.00K	USD	1 Quarter
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$3.36M	USD	1 Quarter
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$3.22M	USD	1 Quarter
Inventories, net	`IncreaseDecreaseInInventories`	$673.00K	USD	1 Quarter
Inventories, net	`IncreaseDecreaseInInventories`	$1.48M	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-3.01M	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-3.22M	USD	1 Quarter
Accounts with affiliates	`IncreaseDecreaseInDueToAffiliates`	$1.39M	USD	1 Quarter
Accounts with affiliates	`IncreaseDecreaseInDueToAffiliates`	$541.00K	USD	1 Quarter
Prepaids and other, net	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-151.00K	USD	1 Quarter
Prepaids and other, net	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-76.00K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-2.04M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-205.00K	USD	1 Quarter
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$439.00K	USD	1 Quarter
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$360.00K	USD	1 Quarter
Collections	`RepaymentOfNotesReceivableFromRelatedParties`	$11.40M	USD	1 Quarter
Collections	`RepaymentOfNotesReceivableFromRelatedParties`	$18.23M	USD	1 Quarter
Advances	`PaymentsForAdvanceToAffiliate`	$15.63M	USD	1 Quarter
Advances	`PaymentsForAdvanceToAffiliate`	$17.40M	USD	1 Quarter
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-6.44M	USD	1 Quarter
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$2.24M	USD	1 Quarter
Dividends paid	`PaymentsOfDividendsCommonStock`	$870.00K	USD	1 Quarter
Dividends paid	`PaymentsOfDividendsCommonStock`	$1.24M	USD	1 Quarter
Operating, investing and financing activities	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-9.35M	USD	1 Quarter
Operating, investing and financing activities	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$791.00K	USD	1 Quarter
Balance at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$64.05M	USD	Point-in-time
Balance at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$45.41M	USD	Point-in-time
Balance at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$63.26M	USD	Point-in-time
Balance at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$36.07M	USD	Point-in-time
Balance at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$64.05M	USD	Point-in-time
Balance at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$45.41M	USD	Point-in-time
Balance at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$63.26M	USD	Point-in-time
Balance at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$36.07M	USD	Point-in-time
Cash paid for income taxes	`IncomeTaxesPaidNet`	$993.00K	USD	1 Quarter

Stockholders Equity 14 line items

Line Item	Tag	Value	Unit	Period
Cash dividends per share	`CommonStockDividendsPerShareCashPaid`	$0.10	USD	1 Quarter
Cash dividends per share	`CommonStockDividendsPerShareCashPaid`	$0.07	USD	1 Quarter
Balance	`StockholdersEquity`	$165.22M	USD	Point-in-time
Balance	`StockholdersEquity`	$152.68M	USD	Point-in-time
Balance	`StockholdersEquity`	$162.19M	USD	Point-in-time
Balance	`StockholdersEquity`	$149.56M	USD	Point-in-time
Net income	`NetIncomeLoss`	$3.99M	USD	1 Quarter
Net income	`NetIncomeLoss`	$4.27M	USD	1 Quarter
Cash dividends	`DividendsCommonStockCash`	$870.00K	USD	1 Quarter
Cash dividends	`DividendsCommonStockCash`	$1.24M	USD	1 Quarter
Balance	`StockholdersEquity`	$165.22M	USD	Point-in-time
Balance	`StockholdersEquity`	$152.68M	USD	Point-in-time
Balance	`StockholdersEquity`	$162.19M	USD	Point-in-time
Balance	`StockholdersEquity`	$149.56M	USD	Point-in-time

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