KENNAMETAL INC. KMT Balance Sheet

Kennametal inc. (KMT)

Balance Sheet / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10
ASSETS
Current assets:
Cash and Cash Equivalents, at Carrying Value
85	105	113	182	112	96	102	556	221	159	110	190	100	102	119	161	136	138	97	105	146	146	156	177	161	163	333	377	322	216	110	377	125	128	102	204	184	147	124	118
Accounts receivable, less allowance for doubtful accounts of $10,090 and $10,083, respectively
304	310	327	379	403	380	386	401	410	392	385	380	376	339	348	370	365	333	401	445	451	449	488	531	528	467	425	445	442	412	437	445	481	404	420	447	418	340	342	326
Inventory, Net
516	522	557	571	588	578	569	525	537	507	514	487	490	449	459	458	485	477	549	575	632	662	709	703	738	730	631	578	575	619	624	578	630	571	559	519	466	425	418	364
Assets held for sale (Note 7)
-	-	-	-	-	-	-	-	4	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred income taxes (Notes 2 and 12)
-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	26	56	55	58	72	43	45	46	47	50	51	51	49	53	51	51	49	57	59	59	60	71	63	64	62
Other current assets
60	97	67	57	58	63	63	63	65	68	64	55	75	80	64	57	55	57	62	59	67	70	63	64	59	65	52	48	48	56	48	48	51	56	48	54	52	47	48	44
Total current assets
966	1,035	1,065	1,190	1,162	1,119	1,121	1,546	1,240	1,128	1,075	1,113	1,043	971	991	1,075	1,099	1,062	1,168	1,258	1,341	1,373	1,464	1,525	1,539	1,478	1,494	1,499	1,442	1,356	1,272	1,499	1,347	1,219	1,190	1,287	1,192	1,025	998	915
Property, plant and equipment:
Land and buildings
347	350	349	351	347	349	349	351	359	351	351	350	351	348	356	353	356	350	399	401	409	422	425	437	441	440	391	381	379	384	383	381	383	350	364	373	365	359	357	341
Machinery and equipment
1,884	1,886	1,825	1,804	1,772	1,753	1,723	1,702	1,703	1,660	1,616	1,577	1,541	1,518	1,533	1,511	1,529	1,509	1,572	1,573	1,547	1,596	1,610	1,638	1,630	1,603	1,496	1,466	1,443	1,443	1,423	1,466	1,408	1,353	1,357	1,396	1,346	1,328	1,337	1,281
Less accumulated depreciation
1,216	1,227	1,210	1,221	1,234	1,248	1,238	1,229	1,258	1,231	1,212	1,183	1,164	1,142	1,154	1,134	1,160	1,139	1,171	1,158	1,143	1,175	1,177	1,191	1,186	1,169	1,139	1,106	1,094	1,090	1,066	1,106	1,051	1,046	1,053	1,073	1,047	1,022	1,017	959
Property, plant and equipment, net
1,015	1,008	964	934	885	855	834	824	804	779	755	744	728	725	735	730	725	719	800	815	813	843	858	884	885	874	748	741	728	737	740	741	739	657	668	697	664	665	677	664
Other assets:
Assets held for sale (Note 15)
-	-	-	-	-	-	-	-	0	7	7	6	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Investments in affiliated companies
-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	1	1	2
Goodwill (Note 18)
268	285	294	300	298	300	300	301	309	306	304	301	294	291	298	298	302	297	415	417	411	579	957	975	974	977	730	721	718	727	721	721	731	494	500	511	507	500	502	489
Other intangible assets, less accumulated amortization of $133,306 and $158,507, respectively (Note 18)
135	141	156	160	165	168	172	176	181	184	187	190	193	197	202	207	212	216	278	286	290	310	331	343	349	355	235	222	226	234	238	222	254	155	145	152	153	153	157	155
Operating lease right-of-use assets (Note 11)
46	50	43	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred income taxes
32	-	-	20	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred income taxes
-	33	18	-	16	16	16	17	22	21	28	28	34	34	35	14	75	72	23	24	31	36	37	41	35	33	39	39	19	21	23	39	33	32	28	29	12	11	12	11
Long-term prepaid pension benefit (Note 12)
-	-	-	-	-	-	-	42	-	-	-	17	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other
72	67	55	49	79	72	66	17	58	47	39	12	41	34	42	36	76	70	65	46	113	108	102	98	91	87	80	75	22	22	19	75	90	84	78	75	36	35	30	28
Total other assets
556	578	569	530	559	556	556	555	572	567	568	557	562	557	580	556	667	657	782	775	847	1,035	1,428	1,458	1,450	1,454	1,087	1,060	988	1,006	1,003	1,060	1,111	767	752	769	711	704	705	687
Assets
2,538	2,623	2,599	2,656	2,607	2,531	2,512	2,925	2,617	2,475	2,399	2,415	2,334	2,254	2,307	2,362	2,491	2,440	2,752	2,849	3,002	3,252	3,751	3,868	3,875	3,808	3,330	3,301	3,158	3,100	3,016	3,301	3,198	2,644	2,611	2,754	2,569	2,394	2,380	2,267
LIABILITIES
Current liabilities:
Current maturities of long-term debt (Note 12)
4	-	-	0	0	0	0	399	0	0	0	0	0	0	0	0	0	5	17	8	11	8	6	7	19	28	0	3	3	0	17	3	333	303	305	307	0	0	1	3
Notes payable to banks
0	2	3	0	0	3	0	0	1	1	1	0	1	2	1	1	3	0	7	7	88	86	100	72	93	81	2	40	43	2	53	40	0	2	5	3	5	3	3	19
Current operating lease liabilities (Note 11)
12	13	13	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accounts payable
165	173	198	212	205	198	220	221	220	190	186	215	190	168	176	182	169	151	177	187	174	159	188	206	203	188	173	190	153	155	183	190	223	196	186	222	166	116	129	125
Accrued income taxes
10	8	24	29	22	28	30	18	27	17	7	6	17	18	17	16	29	29	12	25	16	66	20	16	25	15	23	19	10	15	25	19	47	42	37	38	23	13	25	17
Accrued expenses
51	45	53	76	74	57	64	-	88	64	65	-	76	59	61	-	66	53	59	-	74	63	82	-	97	85	90	-	76	71	82	88	94	78	87	-	98	81	81	-
Accrued vacation pay
-	-	-	-	-	-	-	18	-	-	-	18	-	-	-	24	-	-	-	26	-	-	-	38	-	-	-	39	-	-	-	-	-	-	-	37	-	-	-	34
Accrued payroll
-	-	-	-	-	-	-	77	-	-	-	67	-	-	-	49	-	-	-	49	-	-	-	61	-	-	-	49	-	-	-	-	-	-	-	65	-	-	-	39
Other current liabilities
138	165	125	142	127	123	123	150	140	133	137	152	140	140	146	152	152	154	163	178	159	144	139	158	148	138	133	124	117	117	118	124	154	122	138	167	156	154	147	152
Total current liabilities
383	409	418	461	430	412	439	886	477	407	396	461	426	390	402	427	421	394	438	482	524	528	538	562	589	539	424	467	404	362	480	467	854	745	760	841	450	369	389	393
Long-term debt, less current maturities (Note 12)
593	593	592	592	592	591	591	591	696	695	695	694	694	694	694	693	699	700	725	735	804	867	908	981	1,022	1,035	703	703	703	704	530	703	306	1	1	1	310	312	313	314
Operating lease liabilities (Note 11)
34	36	30	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred income taxes
13	-	-	23	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred income taxes
-	23	23	-	30	28	27	26	14	15	15	14	13	13	13	17	15	15	60	59	71	105	119	118	99	102	102	102	81	65	66	102	124	82	79	83	67	64	59	63
Accrued pension and postretirement benefits
166	170	167	174	156	157	159	-	168	164	162	-	190	191	200	-	153	147	155	-	152	167	170	-	169	169	165	-	180	188	190	162	128	125	128	-	146	139	140	-
Accrued postretirement benefits (Note 12)
-	-	-	-	-	-	-	13	-	-	-	16	-	-	-	18	-	-	-	19	-	-	-	22	-	-	-	19	-	-	-	-	-	-	-	17	-	-	-	17
Accrued pension benefits (Note 12)
-	-	-	-	-	-	-	145	-	-	-	143	-	-	-	182	-	-	-	143	-	-	-	158	-	-	-	142	-	-	-	-	-	-	-	117	-	-	-	111
Accrued income taxes
9	9	8	9	9	8	6	6	8	2	2	2	2	2	2	3	2	2	2	3	14	19	20	21	19	19	25	27	4	4	4	27	3	2	3	3	5	5	5	5
Other liabilities
38	33	20	21	24	24	24	24	25	25	28	27	26	27	24	24	25	24	29	29	33	33	41	41	40	38	34	24	29	30	32	24	36	56	49	31	26	26	33	28
Total liabilities
1,239	1,276	1,261	1,281	1,242	1,222	1,248	1,695	1,391	1,311	1,301	1,362	1,355	1,320	1,338	1,366	1,317	1,285	1,412	1,474	1,600	1,721	1,797	1,906	1,940	1,904	1,457	1,488	1,405	1,356	1,303	1,488	1,452	1,014	1,022	1,095	1,006	918	943	934
Commitments and contingencies
-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
EQUITY (Note 16)
Kennametal Shareholders' Equity:
Preferred stock, no par value; 5,000 shares authorized; none issued
0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Capital stock, $1.25 par value; 120,000 shares authorized; 82,914 and 82,421 shares issued, respectively
103	103	103	103	102	102	102	102	102	101	101	100	100	100	99	99	99	99	99	99	99	98	98	98	98	98	98	97	98	98	99	97	100	99	99	101	102	102	102	102
Additional paid-in capital
536	536	530	528	524	522	517	511	506	500	476	474	457	450	443	436	430	426	422	419	415	411	407	395	388	392	383	374	408	421	432	374	441	425	417	470	495	503	500	492
Retained earnings
1,030	1,044	1,066	1,076	1,031	979	940	900	848	813	788	765	757	734	742	780	863	862	1,048	1,070	1,063	1,123	1,526	1,501	1,469	1,433	1,422	1,399	1,350	1,309	1,280	1,399	1,172	1,107	1,045	983	906	851	818	793
Accumulated Other Comprehensive Income (Loss), Net of Tax
-410	-378	-402	-373	-333	-334	-333	-320	-270	-289	-304	-323	-368	-382	-349	-352	-249	-264	-260	-243	-206	-135	-109	-66	-54	-51	-62	-89	-136	-109	-125	-89	5	-23	6	82	36	-2	-3	-72
Total Kennametal Shareholders' Equity
1,260	1,306	1,298	1,335	1,325	1,269	1,227	1,194	1,187	1,126	1,061	1,017	945	902	937	964	1,144	1,124	1,309	1,345	1,371	1,499	1,922	1,929	1,901	1,871	1,842	1,781	1,721	1,719	1,687	1,781	1,719	1,610	1,568	1,638	1,540	1,455	1,417	1,315
Noncontrolling interests
38	40	39	39	40	38	36	36	38	37	36	35	33	31	32	31	30	29	29	29	30	31	31	32	32	31	31	30	32	24	25	30	26	19	20	20	22	20	20	17
Total equity
1,298	1,347	1,337	1,374	1,365	1,308	1,264	1,230	1,226	1,163	1,098	1,052	979	934	969	995	1,174	1,154	1,339	1,375	1,401	1,530	1,954	1,961	1,934	1,903	1,873	1,812	1,753	1,744	1,712	1,812	1,745	1,630	1,588	1,658	1,562	1,476	1,437	1,333
Total liabilities and equity
2,538	2,623	2,599	2,656	2,607	2,531	2,512	2,925	2,617	2,475	2,399	2,415	2,334	2,254	2,307	2,362	2,491	2,440	2,752	2,849	3,002	3,252	3,751	3,868	3,875	3,808	3,330	3,301	3,158	3,100	3,016	3,301	3,198	2,644	2,611	2,754	2,569	2,394	2,380	2,267