NL INDUSTRIES INC
For the period ended Dec 31, 2023. Filed Mar 6, 2024.
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FY2023 · Filed Mar 6, 2024
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, 2022 and 2023
| | | | | | | |
|---|---|---|---|---|---|---|
| · · December 31, | ||||||
| | 2022 | 2023 | ||||
| ASSETS | | | | | | |
| Current assets: · · | ||||||
| Cash and cash equivalents | | $68,868 | | $111,522 | ||
| Restricted cash and cash equivalents | | 2,864 | | 2,917 | ||
| Marketable securities | | | 70,164 | | | 53,149 |
| Accounts and other receivables, net | | 17,870 | | 17,101 | ||
| Receivables from affiliates | | | 636 | | | 628 |
| Inventories, net | | 31,290 | | 30,712 | ||
| Prepaid expenses and other | | 2,276 | | 2,235 | ||
| | | | | | | |
| Total current assets | | 193,968 | | 218,264 | ||
| | | | | | | |
| Other assets: | | | ||||
| Restricted cash and cash equivalents | | 25,770 | | 26,943 | ||
| Note receivable from affiliate | | 13,200 | | 10,600 | ||
| Marketable securities | | 26,350 | | 18,194 | ||
| Investment in Kronos Worldwide, Inc. | | 292,206 | | 247,582 | ||
| Goodwill | | 27,156 | | 27,156 | ||
| Other assets, net | | 2,523 | | 2,060 | ||
| | | | | | | |
| Total other assets | | 387,205 | | 332,535 | ||
| | | | | | | |
| Property and equipment: | | | ||||
| Land | | 5,390 | | 5,390 | ||
| Buildings | | 23,181 | | 23,239 | ||
| Equipment | | 74,113 | | 74,315 | ||
| Construction in progress | | 722 | | 676 | ||
| | | 103,406 | | 103,620 | ||
| Less accumulated depreciation | | 74,712 | | 77,757 | ||
| | | | | | | |
| Net property and equipment | | 28,694 | | 25,863 | ||
| | | | | | | |
| Total assets | | $609,867 | | $576,662 | ||
(In thousands, except per share data)
| | | | | | | |
|---|---|---|---|---|---|---|
| · · December 31, | ||||||
| | 2022 | 2023 | ||||
| LIABILITIES AND EQUITY | | | | | | |
| Current liabilities: | | | | | | |
| Accounts payable | | $3,537 | | $3,148 | ||
| Accrued litigation settlement | | 11,830 | | 11,830 | ||
| Accrued and other current liabilities | | 13,393 | | 13,182 | ||
| Accrued environmental remediation and related costs | | 2,627 | | 1,655 | ||
| Payables to affiliates | | 665 | | 634 | ||
| | | | | | | |
| Total current liabilities | | 32,052 | | 30,449 | ||
| | | | | | | |
| Noncurrent liabilities: | | | | | | |
| Long-term debt from affiliate | | 500 | | 500 | ||
| Accrued environmental remediation and related costs | | 89,731 | | 89,451 | ||
| Long-term litigation settlement | | 27,427 | | 16,122 | ||
| Deferred income taxes | | 50,119 | | 41,733 | ||
| Accrued pension costs | | 3,012 | | 1,571 | ||
| Other | | 4,279 | | 5,074 | ||
| | | | | | | |
| Total noncurrent liabilities | | 175,068 | | 154,451 | ||
| | | | | | | |
| Equity: | | | | | | |
| NL stockholders' equity: | | | | | | |
| Preferred stock, no par value; 5,000 shares authorized; none issued | | | — | | | — |
| Common stock; $.125 par value; 150,000 shares authorized; 48,816 and 48,833 shares issued and outstanding | | 6,101 | | 6,103 | ||
| Additional paid-in capital | | 298,598 | | 298,868 | ||
| Retained earnings | | 300,442 | | 284,462 | ||
| Accumulated other comprehensive loss | | (222,991) | | (219,621) | ||
| | | | | | | |
| Total NL stockholders' equity | | 382,150 | | 369,812 | ||
| | | | | | | |
| Noncontrolling interest in subsidiary | | 20,597 | | 21,950 | ||
| | | | | | | |
| Total equity | | 402,747 | | 391,762 | ||
| | | | | | | |
| Total liabilities and equity | | $609,867 | | $576,662 | ||
Commitments and contingencies (Notes 13 and 16)
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