10-Q Filing

COMPX INTERNATIONAL INC CIK: 1049606 Q3 2020

Filing Information

Form Type	10-Q
Accession Number	`0001564590-20-050486`
Period End Date	20200930
Filing Date	20201104
Fiscal Year	2020
Fiscal Period	Q3
XBRL Instance	cix-10q_20200930_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 58 Income Statement 44 Cash Flow Statement 43 Stockholders Equity 26

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`	$65.08M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$12.28M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$11.87M	USD	Point-in-time
Inventories, net	`InventoryNet`	$18.35M	USD	Point-in-time
Inventories, net	`InventoryNet`	$19.17M	USD	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$1.25M	USD	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$1.62M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$97.77M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$95.10M	USD	Point-in-time
Note receivable from affiliate	`DueFromAffiliateNoncurrent`	$30.50M	USD	Point-in-time
Note receivable from affiliate	`DueFromAffiliateNoncurrent`	$28.10M	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`	$23.06M	USD	Point-in-time
Equipment	`MachineryAndEquipmentGross`	$67.72M	USD	Point-in-time
Equipment	`MachineryAndEquipmentGross`	$68.05M	USD	Point-in-time
Construction in progress	`ConstructionInProgressGross`	$763.00K	USD	Point-in-time
Construction in progress	`ConstructionInProgressGross`	$1.00M	USD	Point-in-time
Gross property and equipment	`PropertyPlantAndEquipmentGross`	$96.71M	USD	Point-in-time
Gross property and equipment	`PropertyPlantAndEquipmentGross`	$96.81M	USD	Point-in-time
Less accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$67.44M	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`	$29.36M	USD	Point-in-time
Total assets	`Assets`	$181.97M	USD	Point-in-time
Total assets	`Assets`	$178.54M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$11.07M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$12.08M	USD	Point-in-time
Income taxes payable to affiliates	`DueToAffiliateCurrent`	$658.00K	USD	Point-in-time
Income taxes payable to affiliates	`DueToAffiliateCurrent`	$984.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$13.06M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$11.73M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilitiesNet`	$3.29M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilitiesNet`	$3.49M	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`	$55.99M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$106.20M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$110.64M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$166.75M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$159.84M	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`	$162.19M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$166.16M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$181.97M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$178.54M	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`	$94.61M	USD	3 Qtrs
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$29.70M	USD	1 Quarter
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$28.43M	USD	1 Quarter
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$84.54M	USD	3 Qtrs
Cost of sales	`CostOfGoodsAndServicesSold`	$64.57M	USD	3 Qtrs
Cost of sales	`CostOfGoodsAndServicesSold`	$59.41M	USD	3 Qtrs
Cost of sales	`CostOfGoodsAndServicesSold`	$21.10M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$20.23M	USD	1 Quarter
Gross margin	`GrossProfit`	$30.04M	USD	3 Qtrs
Gross margin	`GrossProfit`	$7.33M	USD	1 Quarter
Gross margin	`GrossProfit`	$9.48M	USD	1 Quarter
Gross margin	`GrossProfit`	$25.12M	USD	3 Qtrs
Selling, general and administrative expense	`SellingGeneralAndAdministrativeExpense`	$15.86M	USD	3 Qtrs
Selling, general and administrative expense	`SellingGeneralAndAdministrativeExpense`	$5.21M	USD	1 Quarter
Selling, general and administrative expense	`SellingGeneralAndAdministrativeExpense`	$5.25M	USD	1 Quarter
Selling, general and administrative expense	`SellingGeneralAndAdministrativeExpense`	$15.65M	USD	3 Qtrs
Operating income	`OperatingIncomeLoss`	$14.18M	USD	3 Qtrs
Operating income	`OperatingIncomeLoss`	$9.47M	USD	3 Qtrs
Operating income	`OperatingIncomeLoss`	$2.08M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$4.27M	USD	1 Quarter
Interest income	`InterestIncomeFromRelatedPartyAndDividendIncome`	$848.00K	USD	1 Quarter
Interest income	`InterestIncomeFromRelatedPartyAndDividendIncome`	$2.51M	USD	3 Qtrs
Interest income	`InterestIncomeFromRelatedPartyAndDividendIncome`	$360.00K	USD	1 Quarter
Interest income	`InterestIncomeFromRelatedPartyAndDividendIncome`	$1.34M	USD	3 Qtrs
Income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$5.11M	USD	1 Quarter
Income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$10.81M	USD	3 Qtrs
Income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$2.44M	USD	1 Quarter
Income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$16.69M	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$3.92M	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$610.00K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$2.64M	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$1.23M	USD	1 Quarter
Net income	`NetIncomeLoss`	$12.77M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$3.89M	USD	1 Quarter
Net income	`NetIncomeLoss`	$8.17M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$1.83M	USD	1 Quarter
Basic and diluted net income per common share	`EarningsPerShareBasicAndDiluted`	$0.15	USD	1 Quarter
Basic and diluted net income per common share	`EarningsPerShareBasicAndDiluted`	$0.31	USD	1 Quarter
Basic and diluted net income per common share	`EarningsPerShareBasicAndDiluted`	$0.66	USD	3 Qtrs
Basic and diluted net income per common share	`EarningsPerShareBasicAndDiluted`	$1.03	USD	3 Qtrs
Basic and diluted weighted average shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	12.44M	shares	3 Qtrs
Basic and diluted weighted average shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	12.45M	shares	1 Quarter
Basic and diluted weighted average shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	12.45M	shares	3 Qtrs
Basic and diluted weighted average shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	12.43M	shares	1 Quarter

Cash Flow Statement 43 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$12.77M	USD	3 Qtrs
Net income	`ProfitLoss`	$8.17M	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$2.74M	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$2.87M	USD	3 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$199.00K	USD	3 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$245.00K	USD	3 Qtrs
Other, net	`OtherNoncashIncomeExpense`	$-428.00K	USD	3 Qtrs
Other, net	`OtherNoncashIncomeExpense`	$-256.00K	USD	3 Qtrs
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$1.31M	USD	3 Qtrs
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$423.00K	USD	3 Qtrs
Inventories, net	`IncreaseDecreaseInInventories`	$1.89M	USD	3 Qtrs
Inventories, net	`IncreaseDecreaseInInventories`	$937.00K	USD	3 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-934.00K	USD	3 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-130.00K	USD	3 Qtrs
Accounts with affiliates	`IncreaseDecreaseInDueToAffiliates`	$239.00K	USD	3 Qtrs
Accounts with affiliates	`IncreaseDecreaseInDueToAffiliates`	$-432.00K	USD	3 Qtrs
Prepaids and other, net	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-34.00K	USD	3 Qtrs
Prepaids and other, net	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$195.00K	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$12.46M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$9.24M	USD	3 Qtrs
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.29M	USD	3 Qtrs
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$2.45M	USD	3 Qtrs
Proceeds from sale of fixed assets	`ProceedsFromSaleOfProductiveAssets`	$121.00K	USD	3 Qtrs
Collections	`RepaymentOfNotesReceivableFromRelatedParties`	$22.83M	USD	3 Qtrs
Collections	`RepaymentOfNotesReceivableFromRelatedParties`	$25.40M	USD	3 Qtrs
Advances	`PaymentsForAdvanceToAffiliate`	$25.23M	USD	3 Qtrs
Advances	`PaymentsForAdvanceToAffiliate`	$28.10M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-5.03M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-3.69M	USD	3 Qtrs
Dividends paid	`PaymentsOfDividendsCommonStock`	$2.61M	USD	3 Qtrs
Dividends paid	`PaymentsOfDividendsCommonStock`	$3.73M	USD	3 Qtrs
Operating, investing and financing activities	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$1.82M	USD	3 Qtrs
Operating, investing and financing activities	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$4.81M	USD	3 Qtrs
Balance at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$50.22M	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`	$65.08M	USD	Point-in-time
Balance at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$50.22M	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`	$65.08M	USD	Point-in-time
Cash paid for income taxes	`IncomeTaxesPaidNet`	$4.02M	USD	3 Qtrs
Cash paid for income taxes	`IncomeTaxesPaidNet`	$2.77M	USD	3 Qtrs

Stockholders Equity 26 line items

Line Item	Tag	Value	Unit	Period
Cash dividends per share	`CommonStockDividendsPerShareCashPaid`	$0.21	USD	3 Qtrs
Cash dividends per share	`CommonStockDividendsPerShareCashPaid`	$0.10	USD	1 Quarter
Cash dividends per share	`CommonStockDividendsPerShareCashPaid`	$0.30	USD	3 Qtrs
Cash dividends per share	`CommonStockDividendsPerShareCashPaid`	$0.07	USD	1 Quarter
Balance	`StockholdersEquity`	$166.75M	USD	Point-in-time
Balance	`StockholdersEquity`	$159.84M	USD	Point-in-time
Balance	`StockholdersEquity`	$156.82M	USD	Point-in-time
Balance	`StockholdersEquity`	$149.56M	USD	Point-in-time
Balance	`StockholdersEquity`	$162.19M	USD	Point-in-time
Balance	`StockholdersEquity`	$166.16M	USD	Point-in-time
Net income	`NetIncomeLoss`	$12.77M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$3.89M	USD	1 Quarter
Net income	`NetIncomeLoss`	$8.17M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$1.83M	USD	1 Quarter
Issuance of common stock	`AdjustmentsToAdditionalPaidInCapitalStockIssued`	$118.00K	USD	3 Qtrs
Issuance of common stock	`AdjustmentsToAdditionalPaidInCapitalStockIssued`	$118.00K	USD	3 Qtrs
Cash dividends	`DividendsCommonStockCash`	$3.73M	USD	3 Qtrs
Cash dividends	`DividendsCommonStockCash`	$1.25M	USD	1 Quarter
Cash dividends	`DividendsCommonStockCash`	$871.00K	USD	1 Quarter
Cash dividends	`DividendsCommonStockCash`	$2.61M	USD	3 Qtrs
Balance	`StockholdersEquity`	$166.75M	USD	Point-in-time
Balance	`StockholdersEquity`	$159.84M	USD	Point-in-time
Balance	`StockholdersEquity`	$156.82M	USD	Point-in-time
Balance	`StockholdersEquity`	$149.56M	USD	Point-in-time
Balance	`StockholdersEquity`	$162.19M	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.