KRONOS WORLDWIDE INC
For the period ended Dec 31, 2023. Filed Mar 6, 2024.
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FY2023 · Filed Mar 6, 2024
KRO$8.22+1.6%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, 2022 and 2023
| | | | | | | |
|---|---|---|---|---|---|---|
| ASSETS · · December 31, | ||||||
| · 2022 · 2023 | ||||||
| Current assets: · · | ||||||
| Cash and cash equivalents | | $327.8 | | $194.7 | ||
| Restricted cash | | 2.0 | | 2.2 | ||
| Accounts and other receivables, net | | 252.4 | | 295.2 | ||
| Receivables from affiliates | | | 2.7 | | | 17.3 |
| Inventories, net | | 608.7 | | 564.6 | ||
| Prepaid expenses and other | | 48.6 | | 43.4 | ||
| | | | | | | |
| Total current assets | | 1,242.2 | | 1,117.4 | ||
| | | | | | | |
| Other assets: | | | ||||
| Investment in TiO2 manufacturing joint venture | | 112.9 | | 111.0 | ||
| Restricted cash | | 4.8 | | 5.2 | ||
| Marketable securities | | 3.2 | | 2.2 | ||
| Operating lease right-of-use assets | | 21.5 | | 22.7 | ||
| Deferred income taxes | | 52.0 | | 83.3 | ||
| Other | | 13.3 | | 13.3 | ||
| | | | | | | |
| Total other assets | | 207.7 | | 237.7 | ||
| | | | | | | |
| Property and equipment: | | | ||||
| Land | | 41.9 | | 44.7 | ||
| Buildings | | 214.7 | | 236.8 | ||
| Equipment | | 1,093.2 | | 1,172.0 | ||
| Mining properties | | 119.6 | | 130.5 | ||
| Construction in progress | | 76.5 | | 22.9 | ||
| | | 1,545.9 | | 1,606.9 | ||
| Less accumulated depreciation and amortization | | 1,061.4 | | 1,124.0 | ||
| | | | | | | |
| Net property and equipment | | 484.5 | | 482.9 | ||
| | | | | | | |
| Total assets | | $1,934.4 | | $1,838.0 | ||
| | | | | | | |
|---|---|---|---|---|---|---|
| LIABILITIES AND STOCKHOLDERS’ EQUITY · · December 31, | ||||||
| · 2022 · 2023 | ||||||
| Current liabilities: · · | ||||||
| Current maturities of long-term debt | | $1.1 | | $ | - | |
| Accounts payable and accrued liabilities | | 289.4 | | 324.1 | ||
| Payables to affiliates | | | 22.9 | | | 31.3 |
| Income taxes | | 13.3 | | 15.4 | ||
| | | | | | | |
| Total current liabilities | | 326.7 | | 370.8 | ||
| | | | | | | |
| Noncurrent liabilities: | | | ||||
| Long-term debt | | 424.1 | | 440.9 | ||
| Accrued pension costs | | 128.6 | | 150.0 | ||
| Payable to affiliate - income taxes | | 33.5 | | 18.6 | ||
| Operating lease liabilities | | 17.4 | | 18.6 | ||
| Deferred income taxes | | 26.4 | | 9.0 | ||
| Other | | 20.5 | | 21.8 | ||
| | | | | | | |
| Total noncurrent liabilities | | 650.5 | | 658.9 | ||
| | | | | | | |
| Stockholders’ equity: | | | ||||
| Common stock, $.01 par value; 240.0 shares authorized; 115.1 shares issued and outstanding | | 1.2 | | 1.2 | ||
| Additional paid-in capital | | 1,394.3 | | 1,390.2 | ||
| Retained deficit | | (105.4) | | (242.0) | ||
| Accumulated other comprehensive loss | | (331.5) | | (341.1) | ||
| Treasury stock, at cost | | | (1.4) | | | - |
| | | | | | | |
| Total stockholders’ equity | | 957.2 | | 808.3 | ||
| | | | | | | |
| Total liabilities and stockholders’ equity | | $1,934.4 | | $1,838.0 | ||
Commitments and contingencies (Notes 12 and 15)
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