10-Q Filing

Tronox Holdings plc CIK: 1530804 Q1 2015

Filing Information

Form Type	10-Q
Accession Number	`0001567619-15-000655`
Period End Date	20150331
Filing Date	20150508
Fiscal Year	2015
Fiscal Period	Q1
XBRL Instance	trox-20150331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 75 Income Statement 28 Cash Flow Statement 58 Stockholders Equity 11 Comprehensive Income 18

Balance Sheet 75 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.28B	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.48B	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.40B	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.14B	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$608.00M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$3.00M	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts	`AccountsReceivableNetCurrent`	$298.00M	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts	`AccountsReceivableNetCurrent`	$277.00M	USD	Point-in-time
Inventories, net	`InventoryNet`	$754.00M	USD	Point-in-time
Inventories, net	`InventoryNet`	$770.00M	USD	Point-in-time
Prepaid and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$42.00M	USD	Point-in-time
Prepaid and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$29.00M	USD	Point-in-time
Deferred tax assets	`DeferredTaxAssetsNetCurrent`	$12.00M	USD	Point-in-time
Deferred tax assets	`DeferredTaxAssetsNetCurrent`	$13.00M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$2.84B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$2.38B	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$1.19B	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$1.23B	USD	Point-in-time
Mineral leaseholds, net	`MineralPropertiesNet`	$1.02B	USD	Point-in-time
Mineral leaseholds, net	`MineralPropertiesNet`	$1.06B	USD	Point-in-time
Intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$272.00M	USD	Point-in-time
Intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$265.00M	USD	Point-in-time
Inventories, net	`InventoryNoncurrent`	$57.00M	USD	Point-in-time
Inventories, net	`InventoryNoncurrent`	$56.00M	USD	Point-in-time
Long-term deferred tax assets	`DeferredTaxAssetsNetNoncurrent`	$9.00M	USD	Point-in-time
Long-term deferred tax assets	`DeferredTaxAssetsNetNoncurrent`	$9.00M	USD	Point-in-time
Other long-term assets	`OtherAssetsNoncurrent`	$61.00M	USD	Point-in-time
Other long-term assets	`OtherAssetsNoncurrent`	$61.00M	USD	Point-in-time
Total assets	`Assets`	$5.07B	USD	Point-in-time
Total assets	`Assets`	$5.44B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$160.00M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$139.00M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$95.00M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$147.00M	USD	Point-in-time
Long-term debt due within one year	`LongTermDebtCurrent`	$18.00M	USD	Point-in-time
Long-term debt due within one year	`LongTermDebtCurrent`	$18.00M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$23.00M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$32.00M	USD	Point-in-time
Deferred tax liabilities	`DeferredTaxLiabilitiesCurrent`	$9.00M	USD	Point-in-time
Deferred tax liabilities	`DeferredTaxLiabilitiesCurrent`	$9.00M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$284.00M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$366.00M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$2.38B	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$2.97B	USD	Point-in-time
Pension and postretirement healthcare benefits	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$172.00M	USD	Point-in-time
Pension and postretirement healthcare benefits	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$167.00M	USD	Point-in-time
Asset retirement obligations	`AssetRetirementObligationsNoncurrent`	$81.00M	USD	Point-in-time
Asset retirement obligations	`AssetRetirementObligationsNoncurrent`	$85.00M	USD	Point-in-time
Asset retirement obligations	`AssetRetirementObligationsNoncurrent`	$92.00M	USD	Point-in-time
Long-term deferred tax liabilities	`DeferredTaxLiabilitiesNoncurrent`	$191.00M	USD	Point-in-time
Long-term deferred tax liabilities	`DeferredTaxLiabilitiesNoncurrent`	$204.00M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$85.00M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$75.00M	USD	Point-in-time
Total liabilities	`Liabilities`	$3.28B	USD	Point-in-time
Total liabilities	`Liabilities`	$3.78B	USD	Point-in-time
Contingencies and Commitments	`CommitmentsAndContingencies`	-	USD	Point-in-time
Contingencies and Commitments	`CommitmentsAndContingencies`	-	USD	Point-in-time
Capital in excess of par value	`AdditionalPaidInCapitalCommonStock`	$1.48B	USD	Point-in-time
Capital in excess of par value	`AdditionalPaidInCapitalCommonStock`	$1.48B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$451.00M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$529.00M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-286.00M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-396.00M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-443.00M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-284.00M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$1.49B	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$1.61B	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$178.00M	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$200.00M	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$199.00M	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$166.00M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.66B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.79B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$5.44B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$5.07B	USD	Point-in-time

Income Statement 28 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueGoodsNet`	$385.00M	USD	1 Quarter
Net sales	`SalesRevenueGoodsNet`	$418.00M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$393.00M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$350.00M	USD	1 Quarter
Gross profit	`GrossProfit`	$35.00M	USD	1 Quarter
Gross profit	`GrossProfit`	$25.00M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$44.00M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$46.00M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-9.00M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-21.00M	USD	1 Quarter
Interest and debt expense, net	`InterestAndDebtExpense`	$34.00M	USD	1 Quarter
Interest and debt expense, net	`InterestAndDebtExpense`	$34.00M	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$4.00M	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	-	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-55.00M	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-39.00M	USD	1 Quarter
Income tax benefit (provision)	`IncomeTaxExpenseBenefit`	$-1.00M	USD	1 Quarter
Income tax benefit (provision)	`IncomeTaxExpenseBenefit`	$7.00M	USD	1 Quarter
Net loss	`ProfitLoss`	$-54.00M	USD	1 Quarter
Net loss	`ProfitLoss`	$-46.00M	USD	1 Quarter
Net income attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$4.00M	USD	1 Quarter
Net income attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$3.00M	USD	1 Quarter
Net loss attributable to Tronox Limited	`NetIncomeLoss`	$-58.00M	USD	1 Quarter
Net loss attributable to Tronox Limited	`NetIncomeLoss`	$-49.00M	USD	1 Quarter
Loss per share, basic and diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.51	USD	1 Quarter
Loss per share, basic and diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.42	USD	1 Quarter
Weighted average shares outstanding, basic and diluted (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	113.58M	shares	1 Quarter
Weighted average shares outstanding, basic and diluted (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	115.37M	shares	1 Quarter

Cash Flow Statement 58 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-54.00M	USD	1 Quarter
Net loss	`ProfitLoss`	$-46.00M	USD	1 Quarter
Depreciation, depletion and amortization	`DepreciationDepletionAndAmortization`	$65.00M	USD	1 Quarter
Depreciation, depletion and amortization	`DepreciationDepletionAndAmortization`	$73.00M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-3.00M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	-	USD	1 Quarter
Share-based compensation expense	`ShareBasedCompensation`	$6.00M	USD	1 Quarter
Share-based compensation expense	`ShareBasedCompensation`	$5.00M	USD	1 Quarter
Amortization of deferred debt issuance costs and discount on debt	`AmortizationOfFinancingCostsAndDiscounts`	$2.00M	USD	1 Quarter
Amortization of deferred debt issuance costs and discount on debt	`AmortizationOfFinancingCostsAndDiscounts`	$2.00M	USD	1 Quarter
Pension and postretirement healthcare benefit expense	`PensionAndOtherPostretirementBenefitExpense`	$1.00M	USD	1 Quarter
Pension and postretirement healthcare benefit expense	`PensionAndOtherPostretirementBenefitExpense`	$1.00M	USD	1 Quarter
Other noncash items affecting net loss	`OtherNoncashIncomeExpense`	$-6.00M	USD	1 Quarter
Other noncash items affecting net loss	`OtherNoncashIncomeExpense`	$4.00M	USD	1 Quarter
Contributions to employee pension and postretirement plans	`PensionAndOtherPostretirementBenefitContributions`	$3.00M	USD	1 Quarter
Contributions to employee pension and postretirement plans	`PensionAndOtherPostretirementBenefitContributions`	$2.00M	USD	1 Quarter
(Increase) decrease in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$25.00M	USD	1 Quarter
(Increase) decrease in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$21.00M	USD	1 Quarter
(Increase) decrease in inventories	`IncreaseDecreaseInInventories`	$-4.00M	USD	1 Quarter
(Increase) decrease in inventories	`IncreaseDecreaseInInventories`	$4.00M	USD	1 Quarter
(Increase) decrease in prepaid and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-11.00M	USD	1 Quarter
(Increase) decrease in prepaid and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-9.00M	USD	1 Quarter
Increase (decrease) in accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-36.00M	USD	1 Quarter
Increase (decrease) in accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-58.00M	USD	1 Quarter
Increase (decrease) in taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-7.00M	USD	1 Quarter
Increase (decrease) in taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-4.00M	USD	1 Quarter
Other, net	`IncreaseDecreaseInOtherOperatingCapitalNet`	$1.00M	USD	1 Quarter
Other, net	`IncreaseDecreaseInOtherOperatingCapitalNet`	$1.00M	USD	1 Quarter
Cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-19.00M	USD	1 Quarter
Cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-65.00M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$32.00M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$24.00M	USD	1 Quarter
Restricted cash	`IncreaseDecreaseInRestrictedCash`	$600.00M	USD	1 Quarter
Restricted cash	`IncreaseDecreaseInRestrictedCash`	-	USD	1 Quarter
Cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-24.00M	USD	1 Quarter
Cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-632.00M	USD	1 Quarter
Repayments of debt	`RepaymentsOfLongTermDebt`	$5.00M	USD	1 Quarter
Repayments of debt	`RepaymentsOfLongTermDebt`	$5.00M	USD	1 Quarter
Proceeds from debt	`ProceedsFromIssuanceOfLongTermDebt`	-	USD	1 Quarter
Proceeds from debt	`ProceedsFromIssuanceOfLongTermDebt`	$600.00M	USD	1 Quarter
Dividends paid	`PaymentsOfDividends`	$29.00M	USD	1 Quarter
Dividends paid	`PaymentsOfDividends`	$29.00M	USD	1 Quarter
Proceeds from the exercise of warrants and options	`ProceedsFromExerciseOfWarrantsAndStockOptions`	$3.00M	USD	1 Quarter
Proceeds from the exercise of warrants and options	`ProceedsFromExerciseOfWarrantsAndStockOptions`	$1.00M	USD	1 Quarter
Cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$569.00M	USD	1 Quarter
Cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-33.00M	USD	1 Quarter
Effects of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$1.00M	USD	1 Quarter
Effects of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-9.00M	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-137.00M	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-75.00M	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.28B	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.48B	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.40B	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.14B	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.28B	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.48B	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.40B	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.14B	USD	Point-in-time

Stockholders Equity 11 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.66B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.79B	USD	Point-in-time
Net income (loss)	`ProfitLoss`	$-54.00M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$-46.00M	USD	1 Quarter
Other comprehensive loss	`OtherComprehensiveIncomeLossNetOfTax`	$-62.00M	USD	1 Quarter
Other comprehensive loss	`OtherComprehensiveIncomeLossNetOfTax`	$-5.00M	USD	1 Quarter
Share-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$4.00M	USD	1 Quarter
Class A and Class B share dividends	`DividendsCommonStock`	$29.00M	USD	1 Quarter
Warrants and options exercised	`WarrantsAndOptionsExercised`	$3.00M	USD	1 Quarter
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.66B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.79B	USD	Point-in-time

Comprehensive Income 18 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-54.00M	USD	1 Quarter
Net loss	`ProfitLoss`	$-46.00M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-8.00M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-63.00M	USD	1 Quarter
Retirement and postretirement plans, net of taxes of less than $1 million in each of the three months ended March 31, 2015 and 2014	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-3.00M	USD	1 Quarter
Retirement and postretirement plans, net of taxes of less than $1 million in each of the three months ended March 31, 2015 and 2014	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-1.00M	USD	1 Quarter
Other comprehensive loss	`OtherComprehensiveIncomeLossNetOfTax`	$-62.00M	USD	1 Quarter
Other comprehensive loss	`OtherComprehensiveIncomeLossNetOfTax`	$-5.00M	USD	1 Quarter
Total comprehensive loss	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-59.00M	USD	1 Quarter
Total comprehensive loss	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-108.00M	USD	1 Quarter
Net income	`NetIncomeLossAttributableToNoncontrollingInterest`	$4.00M	USD	1 Quarter
Net income	`NetIncomeLossAttributableToNoncontrollingInterest`	$3.00M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToNoncontrollingInterest`	$-3.00M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToNoncontrollingInterest`	$-15.00M	USD	1 Quarter
Comprehensive income (loss) attributable to noncontrolling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$1.00M	USD	1 Quarter
Comprehensive income (loss) attributable to noncontrolling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-12.00M	USD	1 Quarter
Comprehensive loss attributable to Tronox Limited	`ComprehensiveIncomeNetOfTax`	$-60.00M	USD	1 Quarter
Comprehensive loss attributable to Tronox Limited	`ComprehensiveIncomeNetOfTax`	$-96.00M	USD	1 Quarter

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