10-Q Filing

COMPX INTERNATIONAL INC CIK: 1049606 Q2 2020

Filing Information

Form Type	10-Q
Accession Number	`0001564590-20-036124`
Period End Date	20200630
Filing Date	20200804
Fiscal Year	2020
Fiscal Period	Q2
XBRL Instance	cix-10q_20200630_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 58 Income Statement 44 Cash Flow Statement 43 Stockholders Equity 28

Balance Sheet 58 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$63.26M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$62.45M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$11.87M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$11.34M	USD	Point-in-time
Inventories, net	`InventoryNet`	$21.82M	USD	Point-in-time
Inventories, net	`InventoryNet`	$18.35M	USD	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$862.00K	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`	$96.47M	USD	Point-in-time
Note receivable from affiliate	`DueFromAffiliateNoncurrent`	$28.10M	USD	Point-in-time
Note receivable from affiliate	`DueFromAffiliateNoncurrent`	$30.50M	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`	$54.83M	USD	Point-in-time
Total other assets	`AssetsNoncurrentOtherThanNoncurrentInvestmentsAndPropertyPlantAndEquipment`	$52.43M	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`	$68.74M	USD	Point-in-time
Equipment	`MachineryAndEquipmentGross`	$67.72M	USD	Point-in-time
Construction in progress	`ConstructionInProgressGross`	$1.00M	USD	Point-in-time
Construction in progress	`ConstructionInProgressGross`	$557.00K	USD	Point-in-time
Gross property and equipment	`PropertyPlantAndEquipmentGross`	$96.71M	USD	Point-in-time
Gross property and equipment	`PropertyPlantAndEquipmentGross`	$97.29M	USD	Point-in-time
Less accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$67.36M	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`	$29.93M	USD	Point-in-time
Total assets	`Assets`	$178.54M	USD	Point-in-time
Total assets	`Assets`	$181.23M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$9.63M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$12.08M	USD	Point-in-time
Income taxes payable to affiliates	`DueToAffiliateCurrent`	$2.09M	USD	Point-in-time
Income taxes payable to affiliates	`DueToAffiliateCurrent`	$984.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$11.72M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$13.06M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilitiesNet`	$3.29M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilitiesNet`	$3.35M	USD	Point-in-time
Preferred stock	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock	`PreferredStockValue`	-	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$55.99M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$55.87M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$106.20M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$110.05M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$165.22M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$162.19M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$156.82M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$149.56M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$152.68M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$166.16M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$178.54M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$181.23M	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 44 line items

Line Item	Tag	Value	Unit	Period
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$64.91M	USD	2 Qtrs
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$23.80M	USD	1 Quarter
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$33.73M	USD	1 Quarter
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$56.11M	USD	2 Qtrs
Cost of sales	`CostOfGoodsAndServicesSold`	$16.43M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$44.34M	USD	2 Qtrs
Cost of sales	`CostOfGoodsAndServicesSold`	$38.31M	USD	2 Qtrs
Cost of sales	`CostOfGoodsAndServicesSold`	$22.79M	USD	1 Quarter
Gross margin	`GrossProfit`	$17.80M	USD	2 Qtrs
Gross margin	`GrossProfit`	$10.94M	USD	1 Quarter
Gross margin	`GrossProfit`	$7.37M	USD	1 Quarter
Gross margin	`GrossProfit`	$20.56M	USD	2 Qtrs
Selling, general and administrative expense	`SellingGeneralAndAdministrativeExpense`	$5.32M	USD	1 Quarter
Selling, general and administrative expense	`SellingGeneralAndAdministrativeExpense`	$10.65M	USD	2 Qtrs
Selling, general and administrative expense	`SellingGeneralAndAdministrativeExpense`	$5.00M	USD	1 Quarter
Selling, general and administrative expense	`SellingGeneralAndAdministrativeExpense`	$10.41M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$9.91M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$7.39M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$5.62M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$2.37M	USD	1 Quarter
Interest income	`InterestIncomeFromRelatedPartyAndDividendIncome`	$370.00K	USD	1 Quarter
Interest income	`InterestIncomeFromRelatedPartyAndDividendIncome`	$977.00K	USD	2 Qtrs
Interest income	`InterestIncomeFromRelatedPartyAndDividendIncome`	$1.66M	USD	2 Qtrs
Interest income	`InterestIncomeFromRelatedPartyAndDividendIncome`	$828.00K	USD	1 Quarter
Income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$2.74M	USD	1 Quarter
Income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$6.45M	USD	1 Quarter
Income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$11.58M	USD	2 Qtrs
Income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$8.37M	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$2.70M	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$674.00K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$1.55M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$2.03M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$8.88M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$4.89M	USD	1 Quarter
Net income	`NetIncomeLoss`	$6.34M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$2.06M	USD	1 Quarter
Basic and diluted net income per common share	`EarningsPerShareBasicAndDiluted`	$0.17	USD	1 Quarter
Basic and diluted net income per common share	`EarningsPerShareBasicAndDiluted`	$0.51	USD	2 Qtrs
Basic and diluted net income per common share	`EarningsPerShareBasicAndDiluted`	$0.39	USD	1 Quarter
Basic and diluted net income per common share	`EarningsPerShareBasicAndDiluted`	$0.71	USD	2 Qtrs
Basic and diluted weighted average shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	12.45M	shares	2 Qtrs
Basic and diluted weighted average shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	12.45M	shares	1 Quarter
Basic and diluted weighted average shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	12.44M	shares	2 Qtrs
Basic and diluted weighted average shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	12.44M	shares	1 Quarter

Cash Flow Statement 43 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$8.88M	USD	2 Qtrs
Net income	`ProfitLoss`	$6.34M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$1.91M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$1.81M	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$60.00K	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$187.00K	USD	2 Qtrs
Other, net	`OtherNoncashIncomeExpense`	$-207.00K	USD	2 Qtrs
Other, net	`OtherNoncashIncomeExpense`	$-357.00K	USD	2 Qtrs
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$-529.00K	USD	2 Qtrs
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$2.77M	USD	2 Qtrs
Inventories, net	`IncreaseDecreaseInInventories`	$839.00K	USD	2 Qtrs
Inventories, net	`IncreaseDecreaseInInventories`	$3.56M	USD	2 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-2.42M	USD	2 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-1.93M	USD	2 Qtrs
Accounts with affiliates	`IncreaseDecreaseInDueToAffiliates`	$93.00K	USD	2 Qtrs
Accounts with affiliates	`IncreaseDecreaseInDueToAffiliates`	$1.67M	USD	2 Qtrs
Prepaids and other, net	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-140.00K	USD	2 Qtrs
Prepaids and other, net	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-197.00K	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$5.93M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$4.95M	USD	2 Qtrs
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.81M	USD	2 Qtrs
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$861.00K	USD	2 Qtrs
Proceeds from sale of fixed assets	`ProceedsFromSaleOfProductiveAssets`	$128.00K	USD	2 Qtrs
Collections	`RepaymentOfNotesReceivableFromRelatedParties`	$22.10M	USD	2 Qtrs
Collections	`RepaymentOfNotesReceivableFromRelatedParties`	$20.63M	USD	2 Qtrs
Advances	`PaymentsForAdvanceToAffiliate`	$23.03M	USD	2 Qtrs
Advances	`PaymentsForAdvanceToAffiliate`	$28.10M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-7.68M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-3.26M	USD	2 Qtrs
Dividends paid	`PaymentsOfDividendsCommonStock`	$2.49M	USD	2 Qtrs
Dividends paid	`PaymentsOfDividendsCommonStock`	$1.74M	USD	2 Qtrs
Operating, investing and financing activities	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-3.50M	USD	2 Qtrs
Operating, investing and financing activities	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-805.00K	USD	2 Qtrs
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`	$41.92M	USD	Point-in-time
Balance at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$62.45M	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`	$41.92M	USD	Point-in-time
Balance at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$62.45M	USD	Point-in-time
Cash paid for income taxes	`IncomeTaxesPaidNet`	$850.00K	USD	2 Qtrs
Cash paid for income taxes	`IncomeTaxesPaidNet`	$2.96M	USD	2 Qtrs

Stockholders Equity 28 line items

Line Item	Tag	Value	Unit	Period
Cash dividends per share	`CommonStockDividendsPerShareCashPaid`	$0.20	USD	2 Qtrs
Cash dividends per share	`CommonStockDividendsPerShareCashPaid`	$0.10	USD	1 Quarter
Cash dividends per share	`CommonStockDividendsPerShareCashPaid`	$0.07	USD	1 Quarter
Cash dividends per share	`CommonStockDividendsPerShareCashPaid`	$0.14	USD	2 Qtrs
Balance	`StockholdersEquity`	$165.22M	USD	Point-in-time
Balance	`StockholdersEquity`	$162.19M	USD	Point-in-time
Balance	`StockholdersEquity`	$156.82M	USD	Point-in-time
Balance	`StockholdersEquity`	$149.56M	USD	Point-in-time
Balance	`StockholdersEquity`	$152.68M	USD	Point-in-time
Balance	`StockholdersEquity`	$166.16M	USD	Point-in-time
Net income	`NetIncomeLoss`	$8.88M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$4.89M	USD	1 Quarter
Net income	`NetIncomeLoss`	$6.34M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$2.06M	USD	1 Quarter
Issuance of common stock	`AdjustmentsToAdditionalPaidInCapitalStockIssued`	$118.00K	USD	2 Qtrs
Issuance of common stock	`AdjustmentsToAdditionalPaidInCapitalStockIssued`	$118.00K	USD	1 Quarter
Issuance of common stock	`AdjustmentsToAdditionalPaidInCapitalStockIssued`	$118.00K	USD	2 Qtrs
Issuance of common stock	`AdjustmentsToAdditionalPaidInCapitalStockIssued`	$118.00K	USD	1 Quarter
Cash dividends	`DividendsCommonStockCash`	$1.74M	USD	2 Qtrs
Cash dividends	`DividendsCommonStockCash`	$1.25M	USD	1 Quarter
Cash dividends	`DividendsCommonStockCash`	$2.49M	USD	2 Qtrs
Cash dividends	`DividendsCommonStockCash`	$872.00K	USD	1 Quarter
Balance	`StockholdersEquity`	$165.22M	USD	Point-in-time
Balance	`StockholdersEquity`	$162.19M	USD	Point-in-time
Balance	`StockholdersEquity`	$156.82M	USD	Point-in-time
Balance	`StockholdersEquity`	$149.56M	USD	Point-in-time
Balance	`StockholdersEquity`	$152.68M	USD	Point-in-time
Balance	`StockholdersEquity`	$166.16M	USD	Point-in-time

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