VALHI INC /DE/
For the period ended Dec 31, 2025. Filed Mar 10, 2026.
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FY2025 · Filed Mar 10, 2026
VHI$16.26+0.2%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets – December 31, 2024 and 2025
| | | | | | | |
|---|---|---|---|---|---|---|
| ASSETS · · December 31, | ||||||
| · · 2024 · · 2025 | ||||||
| Current assets: · · · · | ||||||
| Cash and cash equivalents | | $348.3 | | $214.0 | ||
| Restricted cash equivalents | | 24.8 | | 8.6 | ||
| Marketable securities | | 1.9 | | 2.9 | ||
| Accounts and other receivables, net | | 325.7 | | 313.9 | ||
| Receivables from affiliates | | .8 | | 3.1 | ||
| Refundable income taxes | | 1.3 | | 1.9 | ||
| Inventories, net | | 685.8 | | 659.8 | ||
| Prepaid expenses and other | | 65.1 | | 54.9 | ||
| Total current assets | | 1,453.7 | | 1,259.1 | ||
| | | | | | | |
| Other assets: | | | | | ||
| Marketable securities | | 5.7 | | 6.1 | ||
| Goodwill | | 382.3 | | 382.3 | ||
| Deferred income taxes | | 53.8 | | 35.2 | ||
| Pension asset | | 19.8 | | 20.4 | ||
| Other assets | | 161.5 | | 177.6 | ||
| Total other assets | | 623.1 | | 621.6 | ||
| | | | | | | |
| Property and equipment: | | | | | ||
| Land | | 74.7 | | 79.4 | ||
| Buildings | | 282.6 | | 311.7 | ||
| Equipment | | 1,312.0 | | 1,464.2 | ||
| Mining properties | | 76.0 | | 91.8 | ||
| Construction in progress | | 41.7 | | 45.0 | ||
| | | 1,787.0 | | 1,992.1 | ||
| Less accumulated depreciation and amortization | | 1,063.6 | | 1,240.5 | ||
| Net property and equipment | | 723.4 | | 751.6 | ||
| Total assets | | $2,800.2 | | $2,632.3 | ||
(In millions, except share data)
| | | | | | | |
|---|---|---|---|---|---|---|
| LIABILITIES AND STOCKHOLDERS' EQUITY · · December 31, | ||||||
| · · 2024 · · 2025 | ||||||
| Current liabilities: · · · · | ||||||
| Current maturities of long-term debt | | $79.0 | | $.8 | ||
| Accounts payable | | 250.0 | | 231.3 | ||
| Accrued liabilities | | 199.1 | | 198.6 | ||
| Accrued environmental remediation and related costs | | | 59.7 | | | 2.8 |
| Accrued litigation settlement | | 16.4 | | — | ||
| Payables to affiliates | | 17.1 | | 1.4 | ||
| Income taxes | | 22.5 | | 14.4 | ||
| Total current liabilities | | 643.8 | | 449.3 | ||
| | | | | | | |
| Noncurrent liabilities: | | | | | ||
| Long-term debt | | 484.4 | | 590.9 | ||
| Accrued pension costs | | 117.6 | | 80.9 | ||
| Accrued environmental remediation and related costs | | 14.9 | | 14.7 | ||
| Deferred income taxes | | 57.7 | | 55.8 | ||
| Other liabilities | | 102.7 | | 77.0 | ||
| Total noncurrent liabilities | | 777.3 | | 819.3 | ||
| | | | | | | |
| Equity: | | | | | ||
| Preferred stock, $.01 par value; 500,000 shares authorized, none issued | | — | | — | ||
| Common stock, $.01 par value; 50.0 million shares authorized; 29.6 million shares issued and outstanding | | .3 | | .3 | ||
| Additional paid-in capital | | 669.9 | | 670.3 | ||
| Retained earnings | | 574.7 | | 508.0 | ||
| Accumulated other comprehensive loss | | (159.2) | | (105.8) | ||
| Treasury stock, at cost - 1.1 million shares | | (49.6) | | (49.6) | ||
| Total Valhi stockholders' equity | | 1,036.1 | | 1,023.2 | ||
| Noncontrolling interest in subsidiaries | | 343.0 | | 340.5 | ||
| Total equity | | 1,379.1 | | 1,363.7 | ||
| Total liabilities and equity | | $2,800.2 | | $2,632.3 | ||
Commitments and contingencies (Notes 3, 14, 17 and 18)
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