NL INDUSTRIES INC
For the period ended Dec 31, 2025. Filed Mar 9, 2026.
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FY2025 · Filed Mar 9, 2026
NL$7.15-2.3%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Balance Sheets – December 31, 2024 and 2025
| | | | | | | |
|---|---|---|---|---|---|---|
| · · December 31, | ||||||
| · · 2024 · · 2025 | ||||||
| ASSETS | | | | | | |
| Current assets: · · · · | ||||||
| Cash and cash equivalents | | $163,154 | | $110,615 | ||
| Restricted cash and cash equivalents | | 20,545 | | 3,123 | ||
| Accounts and other receivables, net | | 23,739 | | 13,801 | ||
| Inventories, net | | 28,366 | | 30,410 | ||
| Prepaid expenses and other | | 2,154 | | 1,954 | ||
| | | | | | | |
| Total current assets | | 237,958 | | 159,903 | ||
| | | | | | | |
| Other assets: | | | | | ||
| Restricted cash and cash equivalents | | 491 | | 315 | ||
| Note receivable from affiliate | | 9,300 | | 8,000 | ||
| Marketable securities | | 28,015 | | 14,433 | ||
| Investment in Kronos Worldwide, Inc. | | 250,278 | | 230,088 | ||
| Goodwill | | 27,156 | | 27,156 | ||
| Other assets, net | | 1,034 | | 616 | ||
| | | | | | | |
| Total other assets | | 316,274 | | 280,608 | ||
| | | | | | | |
| Property and equipment: | | | | | ||
| Land | | 5,390 | | 5,390 | ||
| Buildings | | 23,262 | | 23,634 | ||
| Equipment | | 75,605 | | 78,021 | ||
| Construction in progress | | 589 | | 477 | ||
| | | 104,846 | | 107,522 | ||
| Less accumulated depreciation | | 80,820 | | 83,813 | ||
| | | | | | | |
| Net property and equipment | | 24,026 | | 23,709 | ||
| | | | | | | |
| Total assets | | $578,258 | | $464,220 | ||
(In thousands, except per share data)
| | | | | | | |
|---|---|---|---|---|---|---|
| · · December 31, | ||||||
| · · 2024 · · 2025 | ||||||
| LIABILITIES AND EQUITY | | | | | | |
| Current liabilities: | | | | | | |
| Accounts payable | | $3,758 | | $2,697 | ||
| Accrued litigation settlement | | 16,431 | | — | ||
| Accrued and other current liabilities | | 12,032 | | 15,021 | ||
| Accrued environmental remediation and related costs | | 58,135 | | 2,071 | ||
| Payables to affiliates | | 706 | | 791 | ||
| | | | | | | |
| Total current liabilities | | 91,062 | | 20,580 | ||
| | | | | | | |
| Noncurrent liabilities: | | | | | | |
| Long-term debt from affiliate | | 500 | | 500 | ||
| Accrued environmental remediation and related costs | | 11,143 | | 10,969 | ||
| Deferred income taxes | | 53,391 | | 54,103 | ||
| Other | | 6,259 | | 1,277 | ||
| | | | | | | |
| Total noncurrent liabilities | | 71,293 | | 66,849 | ||
| | | | | | | |
| Equity: | | | | | | |
| NL stockholders' equity: | | | | | | |
| Preferred stock, no par value; 5,000 shares authorized; none issued | | | — | | | — |
| Common stock; $.125 par value; 150,000 shares authorized; 48,848 and 48,863 shares issued and outstanding | | 6,105 | | 6,107 | ||
| Additional paid-in capital | | 299,099 | | 299,349 | ||
| Retained earnings | | 315,056 | | 249,380 | ||
| Accumulated other comprehensive loss | | (223,356) | | (196,067) | ||
| | | | | | | |
| Total NL stockholders' equity | | 396,904 | | 358,769 | ||
| | | | | | | |
| Noncontrolling interest in subsidiary | | 18,999 | | 18,022 | ||
| | | | | | | |
| Total equity | | 415,903 | | 376,791 | ||
| | | | | | | |
| Total liabilities and equity | | $578,258 | | $464,220 | ||
Commitments and contingencies (Notes 14 and 17)
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