KRONOS WORLDWIDE INC
For the period ended Sep 30, 2024. Filed Nov 6, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Nov 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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Item 1. CONDENSED CONSOLIDATED BALANCE SHEETS
| | | | | | | |
|---|---|---|---|---|---|---|
| ASSETS · · December 31, · · September 30, | ||||||
| · 2023 · 2024 | ||||||
| · · · · · (unaudited) | ||||||
| Current assets: · · | ||||||
| Cash and cash equivalents | | $194.7 | | $94.8 | ||
| Restricted cash | | 2.2 | | 3.1 | ||
| Accounts and other receivables, net | | 312.5 | | 366.5 | ||
| Inventories, net | | 564.6 | | 548.6 | ||
| Prepaid expenses and other | | 43.4 | | 54.8 | ||
| | | | | | | |
| Total current assets | | 1,117.4 | | 1,067.8 | ||
| | | | | | | |
| Other assets: | | | ||||
| Investment in TiO2 manufacturing joint venture | | 111.0 | | - | ||
| Restricted cash | | 5.2 | | 5.0 | ||
| Marketable securities | | 2.2 | | 4.8 | ||
| Operating lease right-of-use assets | | 22.7 | | 22.0 | ||
| Deferred income taxes | | 83.3 | | 70.3 | ||
| Goodwill | | | - | | | 2.6 |
| Other | | 13.3 | | 28.2 | ||
| | | | | | | |
| Total other assets | | 237.7 | | 132.9 | ||
| | | | | | | |
| Property and equipment: | | | ||||
| Land | | 44.7 | | 77.0 | ||
| Buildings | | 236.8 | | 268.9 | ||
| Equipment | | 1,172.0 | | 1,382.5 | ||
| Mining properties | | 130.5 | | 126.7 | ||
| Construction in progress | | 22.9 | | 33.1 | ||
| | | 1,606.9 | | 1,888.2 | ||
| Less accumulated depreciation and amortization | | 1,124.0 | | 1,167.3 | ||
| | | | | | | |
| Net property and equipment | | 482.9 | | 720.9 | ||
| | | | | | | |
| Total assets | | $1,838.0 | | $1,921.6 | ||
CONDENSED CONSOLIDATED BALANCE SHEETS (CONTINUED)
| | | | | | | |
|---|---|---|---|---|---|---|
| LIABILITIES AND STOCKHOLDERS’ EQUITY · · December 31, · · September 30, | ||||||
| · 2023 · 2024 | ||||||
| · · · · · (unaudited) | ||||||
| Current liabilities: · · | ||||||
| Current maturities of long-term debt | | $ | - | | $83.9 | |
| Accounts payable and accrued liabilities | | | 355.4 | | | 296.7 |
| Income taxes | | 15.4 | | 17.7 | ||
| | | | | | | |
| Total current liabilities | | 370.8 | | 398.3 | ||
| | | | | | | |
| Noncurrent liabilities: | | | ||||
| Long-term debt | | 440.9 | | 470.4 | ||
| Accrued pension costs | | 150.0 | | 144.2 | ||
| Payable to affiliate - income taxes | | 18.6 | | - | ||
| Operating lease liabilities | | 18.6 | | 18.1 | ||
| Deferred income taxes | | 9.0 | | 10.7 | ||
| Other | | 21.8 | | 32.5 | ||
| | | | | | | |
| Total noncurrent liabilities | | 658.9 | | 675.9 | ||
| | | | | | | |
| Stockholders’ equity: | | | ||||
| Common stock | | 1.2 | | 1.2 | ||
| Additional paid-in capital | | 1,390.2 | | 1,390.3 | ||
| Retained deficit | | (242.0) | | (192.1) | ||
| Accumulated other comprehensive loss | | (341.1) | | (352.0) | ||
| | | | | | | |
| Total stockholders’ equity | | 808.3 | | 847.4 | ||
| | | | | | | |
| Total liabilities and stockholders’ equity | | $1,838.0 | | $1,921.6 | ||
Commitments and contingencies (Notes 10, 12 and 17)
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