KRONOS WORLDWIDE INC KRO Cash Flow

Kronos worldwide inc (KRO)

CashFlow / 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
Cash flows from operating activities:
Net income
27,000	9,400	17,900	29,500	30,300	24,000	32,600	77,700	70,700	47,400	73,800	196,500	36,800	23,200	22,200	1,700	-3,800	-20,400	-11,800	-159,800	18,400	19,900	31,900	33,100	14,300	2,900	-29,900	-33,900	-41,100	-18,100	35,200	64,500	136,900	85,800	85,900	89,000	60,300
Depreciation
14,900	13,800	11,800	11,900	10,600	12,800	12,400	12,200	12,300	10,500	10,500	10,100	10,100	9,800	9,900	10,600	10,200	10,000	10,500	10,600	11,000	11,600	12,300	12,700	12,600	12,600	12,600	12,400	12,600	12,400	11,500	12,000	11,900	11,600	12,100	12,200	11,600
Amortization of operating lease right-of-use assets
1,600	1,700	1,700	1,700	1,700	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred income taxes
-900	-200	-200	3,800	3,100	6,800	3,300	7,800	9,400	-11,700	4,500	-147,400	3,000	10,200	-3,000	700	-200	-100	-6,200	142,500	2,300	-1,000	9,700	1,500	9,400	-5,800	-8,800	-20,600	-32,700	-2,400	-3,200	4,100	24,100	16,600	18,500	18,400	10,300
Benefit plan expense greater than cash funding
3,000	4,000	2,600	3,100	1,400	1,900	2,500	3,100	900	2,800	4,100	1,400	3,700	1,600	2,400	-200	2,000	-	-	-	-	400	1,200	800	-1,900	-	-	-	-	-	-	-	-	-	-	-	-
Call premium paid
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5,000	0	0	-2,500
Marketable equity securities
-1,500	0	-1,900	1,200	600	-600	-4,300	-2,200	-200	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Contributions to TiO2 manufacturing joint venture, net
-2,200	-7,500	2,600	-3,600	-800	-1,500	700	-700	5,500	-9,800	-4,600	11,500	-3,100	500	-3,500	5,800	800	-1,100	3,000	-6,600	11,200	-2,600	-500	9,200	4,500	6,900	-10,700	4,900	9,800	9,400	-49,500	38,200	-18,800	1,700	-900	1,900	1,100
Loss on prepayment of debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-2,300	0	-6,600	-	-	-	-	100	100	0	-3,300
Other postretirement benefits
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-100
Defined benefit plan expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1,200	1,400	-	800	-500	-100	300	1,200	1,200	-2,000
Other, net
1,100	-800	-500	-700	-500	-1,000	0	-900	-900	-700	-800	-400	-500	-3,300	-600	-700	1,600	-400	-3,800	1,200	-3,300	-8,400	-1,200	300	-1,400	-3,100	1,100	-3,800	-2,400	200	1,700	-2,800	400	-12,400	7,500	-1,500	-300
Change in assets and liabilities:
Accounts and other receivables, net
38,700	-53,100	-30,600	45,000	45,500	-34,300	-34,000	20,900	38,700	-24,300	1,900	48,300	26,800	500	-11,000	31,400	16,500	-22,200	-33,900	-4,300	40,300	-49,400	-6,500	22,500	61,200	-62,100	-56,400	10,700	83,000	-	-118,100	329,800	-162,400	151,500	-222,300	63,300	55,700
Inventories, net
-3,300	59,200	-40,200	-14,100	2,200	65,200	29,900	-500	40,900	44,800	-17,000	-35,000	12,100	42,300	-23,500	-38,100	-19,500	11,100	-4,300	-5,600	8,300	45,200	22,200	-6,500	-8,600	20,700	-66,300	-83,500	-93,100	26,600	-59,800	344,100	-126,100	243,600	-76,800	-20,600	37,600
Prepaid expenses
-3,600	-2,200	6,000	-1,200	-2,900	-2,800	4,900	4,200	-1,000	-2,400	4,000	-1,100	-1,400	-1,800	5,700	-1,600	-800	-1,400	1,000	1,700	300	-2,100	3,500	-2,900	1,900	-3,800	5,700	-2,200	-500	-1,700	4,900	1,300	-800	900	500	-2,200	500
Accounts payable and accrued liabilities
-30,500	19,600	-18,700	18,300	5,400	3,400	-11,000	-4,600	28,600	-23,100	28,600	-6,300	21,500	-3,900	500	-5,600	-3,900	-4,600	-9,000	20,200	-18,600	19,100	-29,800	-14,300	3,900	-6,900	17,200	-34,200	33,000	-9,400	-92,300	59,200	-13,700	38,800	61,200	-22,300	17,100
Income taxes
9,400	600	3,900	-7,000	-600	-28,300	-8,500	13,700	6,700	3,900	8,800	1,800	4,700	2,200	6,000	-1,200	-3,200	-2,300	5,400	-2,500	-2,100	8,200	1,700	-4,000	400	-800	-4,400	-20,800	16,400	-13,200	-5,100	-13,100	12,900	1,100	6,600	2,600	9,100
Accounts with affiliates
1,500	2,800	-9,100	7,700	-700	1,700	6,200	-22,900	-400	-56,400	17,700	-3,400	800	-12,400	9,500	-9,200	17,900	-8,900	5,900	-2,900	-13,300	9,100	2,300	200	-7,500	-3,500	20,300	-39,300	59,700	-16,100	-16,400	-64,300	29,600	23,700	7,500	6,200	-7,600
Other, net
-800	-	100	800	-100	-	0	-900	-1,200	-	7,000	-800	-2,700	-	2,300	-300	-100	-	-600	-1,900	-100	-	-500	3,100	100	-	200	600	-1,400	-	-500	-3,300	1,400	-	300	-1,200	1,100
Net cash provided by (used in) operating activities
-9,800	36,500	97,800	19,000	7,000	-10,500	29,300	111,500	58,200	57,800	116,700	60,000	41,600	20,900	52,100	31,900	-15,300	2,000	41,800	18,300	-10,000	61,200	6,700	22,300	-2,500	69,600	75,900	24,200	-39,300	19,400	124,500	37,700	-104,700	52,200	163,200	59,000	21,200
Cash flows from investing activities:
Capital expenditures
15,300	20,900	8,700	9,500	16,000	20,900	10,600	9,600	15,200	23,600	14,100	14,700	11,900	18,700	10,600	9,400	14,300	15,400	12,400	7,600	11,700	21,300	12,200	11,400	16,300	17,700	16,100	14,800	19,000	29,300	13,600	8,600	23,300	29,900	14,100	11,300	13,300
Proceeds from insurance settlement
1,500	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from sale of marketable securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	21,100	-	65,000	70,000	92,000
Change in restricted cash, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-200	200	-700	-	-300	-6,600	-600	1,100	-200	300	-700	1,000	-400	400	1,600	5,700	-300	400	-600
Mutual funds
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	197,800
Net cash used in investing activities
-13,800	-13,300	-12,000	-9,700	-17,500	-20,900	-10,600	-9,600	-1,600	-37,200	-14,100	-14,700	-11,900	-18,700	-10,600	-9,400	-14,300	-16,100	-12,200	-7,800	-11,000	-28,800	-11,900	-4,800	-15,700	-18,800	-15,900	-15,200	-18,300	207,300	-25,900	-11,800	-19,800	-44,600	-14,400	-29,900	-129,200
Cash flows from financing activities:
Indebtedness:
Borrowings
-	-	-	-	-	-	-	-	-	0	570,700	118,600	42,200	56,300	101,700	99,000	9,200	0	0	0	1,300	0	1,100	0	429,300	71,800	90,300	12,700	191,800	71,000	0	394,000	107,400	0	0	0	113,300
Payments on long-term debt
100	900	300	200	100	1,000	200	200	100	0	448,000	129,200	17,100	75,800	114,100	79,100	1,000	1,000	1,000	1,000	900	900	1,000	1,000	262,300	112,200	175,900	5,300	295,300	108,900	61,800	352,700	400	18,900	89,700	65,700	113,800
Deferred financing fees
-	-	-	-	-	-	-	-	-	600	8,200	0	100	-	-	-	-	-	-	-	-	0	0	0	6,100	-	-	-	-	-	-	-	-	-	-	-	-
Dividends paid
20,800	20,900	20,800	20,800	20,900	19,700	19,700	19,700	19,700	17,300	17,400	17,400	17,400	17,300	17,400	17,400	17,400	17,400	17,300	17,400	17,400	17,400	17,300	17,400	17,400	17,300	17,400	17,400	17,400	17,300	17,400	17,400	17,400	17,400	17,400	17,400	72,400
Treasury stock acquired
1,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-100	0	-100
Net cash used in financing activities
-21,900	-21,800	-22,700	-22,400	-21,000	-20,800	-19,900	-19,900	-19,800	-17,900	97,100	-28,000	7,600	-36,800	-29,800	2,500	-9,200	-18,400	-18,300	-18,400	-17,000	-18,300	-17,200	-18,400	143,500	-57,700	-103,700	-10,000	-120,900	-55,300	-81,800	19,400	89,600	-36,300	-107,200	-83,100	-73,000
Cash, cash equivalents and restricted cash - net change from:
Operating, investing and financing activities
-45,500	1,400	63,100	-13,100	-31,500	-52,200	-1,200	82,000	36,800	2,700	199,700	17,300	37,300	-34,600	11,700	25,000	-38,800	-32,500	11,300	-7,900	-38,000	14,100	-22,400	-900	125,300	-6,900	-43,700	-1,000	-178,500	171,400	16,800	45,300	-34,900	-28,700	41,600	-54,000	-181,000
Currency translation
-3,900	4,000	-5,700	2,000	-2,600	-6,500	1,400	-14,700	5,400	3,000	2,900	7,200	1,300	-6,400	1,000	-1,200	1,300	-2,200	-200	2,200	-8,300	-5,400	-4,300	-200	-100	900	1,500	800	-2,000	400	2,500	-1,600	300	-900	-1,700	-200	2,700
Cash paid (received) for:
Interest, net of amount capitalized
8,500	100	8,400	200	8,700	200	9,000	200	9,100	-200	6,900	4,300	4,200	4,500	4,700	4,600	4,600	4,700	3,000	4,500	4,400	3,900	3,300	4,400	3,100	3,000	4,200	5,500	5,900	-	-	-	-	12,800	1,100	15,500	5,900
Income taxes
-100	3,500	2,800	20,300	9,200	31,500	24,900	-2,500	14,000	18,400	6,500	10,100	2,100	2,200	-2,500	4,200	2,700	-5,400	-2,900	2,800	6,900	-2,200	3,900	13,900	1,900	-400	-600	20,200	14,000	9,700	12,500	41,300	30,800	38,300	26,400	31,800	8,200
Accrual for capital expenditures
2,300	7,500	-100	-300	2,000	2,800	1,600	-600	2,500	5,000	-400	-100	4,200	3,200	200	2,000	2,600	3,600	700	500	2,000	1,400	2,500	-1,500	4,600	3,700	-700	300	4,100	7,700	1,300	1,400	1,800	9,400	600	4,000	2,700
Valhi
Loans
-	5,700	3,800	3,800	3,300	0	0	1,800	800	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	83,400	26,700	24,700	43,900	68,100	63,700	44,700	38,200
Collections
-	10,700	500	3,600	1,800	0	0	1,800	14,400	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	251,000	14,000	21,900	27,900	35,300	29,400	23,300	52,500