VALHI INC DE

For the period ended Dec 31, 2023. Filed Mar 7, 2024.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2023 · Filed Mar 7, 2024

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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Contents

Consolidated Balance Sheets – December 31, 2022 and 2023


ASSETS · · December 31,
· 2022 · 2023
Current assets: · ·
Cash and cash equivalents	$478.5	$407.0
Restricted cash equivalents	46.3	22.6
Marketable securities	75.1	56.1
Accounts and other receivables, net	271.0	321.1
Receivables from affiliates	2.9	17.5
Refundable income taxes	8.0	1.8
Inventories, net	640.8	596.1
Prepaid expenses and other	66.9	53.2
Total current assets	1,589.5	1,475.4

Other assets:
Marketable securities	1.2	4.8
Investment in TiO2 manufacturing joint venture	112.9	111.0
Goodwill	379.7	379.7
Deferred income taxes	40.5	67.0
Pension asset	9.3	8.1
Other assets	178.8	173.7
Total other assets	722.4	744.3

Property and equipment:
Land	42.5	45.1
Buildings	249.2	271.2
Equipment	1,106.5	1,179.4
Mining properties	78.6	89.2
Construction in progress	77.2	23.6
	1,554.0	1,608.5
Less accumulated depreciation and amortization	1,030.2	1,091.2
Net property and equipment	523.8	517.3
Total assets	$2,835.7	$2,737.0

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(In millions, except share data)


LIABILITIES AND STOCKHOLDERS' EQUITY · · December 31,
· 2022 · 2023
Current liabilities: · ·
Current maturities of long-term debt	$1.8	$.7
Accounts payable	199.4	228.5
Accrued liabilities	243.6	220.3
Accrued litigation settlement	11.8	11.8
Payables to affiliates	22.9	30.1
Income taxes	13.3	15.7
Total current liabilities	492.8	507.1

Noncurrent liabilities:
Long-term debt	557.7	545.8
Deferred income taxes	63.5	31.8
Payable to affiliate - income taxes	33.4	18.5
Long-term litigation settlement	27.4	16.1
Accrued pension costs	131.6	151.6
Accrued environmental remediation and related costs	93.5	93.2
Other liabilities	129.0	111.4
Total noncurrent liabilities	1,036.1	968.4

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	669.5	669.5
Retained earnings	482.3	461.1
Accumulated other comprehensive loss	(143.9)	(145.5)
Treasury stock, at cost - 1.1 million shares	(49.6)	(49.6)
Total Valhi stockholders' equity	958.6	935.8
Noncontrolling interest in subsidiaries	348.2	325.7
Total equity	1,306.8	1,261.5
Total liabilities and equity	$2,835.7	$2,737.0

Commitments and contingencies (Notes 9, 14, 17 and 18)

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ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.