Valhi inc /de/ (VHI)
Income statement / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Sep'10Jun'10
Revenues and other income:
Net sales

459,300

414,100

475,200

528,600

479,600

388,700

455,200

510,200

466,000

495,800

496,500

481,800

405,300

360,500

406,800

398,600

353,500

279,800

383,200

408,800

416,100

432,000

476,500

491,700

462,400

400,200

448,200

516,000

499,200

427,400

508,800

568,300

582,800

412,200

584,100

573,100

455,700

413,200

415,700

Other income, net

34,900

5,300

13,600

15,400

6,600

9,400

20,100

19,300

20,400

9,500

4,300

3,800

7,600

10,700

6,200

10,700

11,400

6,500

5,900

7,400

12,100

8,000

18,700

10,200

5,100

66,200

8,700

4,300

8,800

31,200

7,600

22,200

9,600

2,300

21,100

8,800

16,800

17,700

3,900

Total revenues and other income

494,200

419,400

488,800

544,000

486,200

398,100

475,300

529,500

486,400

505,300

500,800

485,600

412,900

371,200

413,000

409,300

364,900

286,300

389,100

416,200

428,200

440,000

495,200

501,900

467,500

466,400

456,900

520,300

508,000

458,600

516,400

590,500

592,400

414,500

605,200

581,900

472,500

430,900

419,600

Costs and expenses:
Cost of sales

359,600

322,900

376,800

405,400

357,800

281,500

322,500

326,200

280,700

307,700

332,100

338,000

288,700

242,100

321,500

336,400

311,500

246,800

333,400

352,500

326,800

335,000

360,700

387,500

376,600

344,700

399,600

498,800

486,300

372,100

411,300

406,300

322,400

227,800

371,400

372,400

306,800

313,100

326,300

Selling, general and administrative

70,900

73,200

76,000

73,600

71,400

72,100

78,200

79,500

80,200

67,800

65,200

66,100

63,500

40,800

64,000

64,600

63,200

41,300

64,100

78,000

65,200

65,300

67,400

74,600

68,800

121,600

101,100

82,700

69,700

63,300

63,100

68,200

78,700

59,400

69,100

79,100

61,300

58,500

58,100

Contract related intangible asset impairment

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

5,100

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Litigation settlement expense, net

-

-

-300

19,600

-

-

-

62,000

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss on prepayment of debt

-

-

-

-

-

-

-

-

-

-

-7,100

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-2,300

0

-6,600

-

-

-7,200

-

100

100

0

-3,300

-

-

Other components of net periodic pension expense

4,700

4,200

4,100

4,100

4,100

3,300

3,700

3,800

3,700

4,800

4,500

4,300

4,100

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Assets held for sale write-down

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

400

-

-

-

-

-

-

500

-

Interest

9,700

10,100

10,300

10,100

10,300

10,300

14,000

16,000

15,400

14,700

15,000

14,700

14,500

10,700

15,900

15,800

15,700

10,100

14,400

14,500

14,600

14,600

13,800

14,600

13,700

12,300

13,700

14,700

15,400

13,900

14,600

14,300

13,500

13,500

15,200

15,900

17,200

16,700

17,000

Total costs and expenses

444,900

410,400

466,900

512,800

443,600

367,200

418,400

487,500

380,000

395,000

423,900

423,100

370,800

305,100

401,400

416,800

395,500

298,200

411,900

445,000

406,600

414,900

441,900

476,700

459,100

478,600

516,700

596,200

578,000

456,500

489,400

496,000

414,600

300,600

456,700

467,400

388,600

388,800

401,400

Income before income taxes

49,300

9,000

21,900

31,200

42,600

30,900

56,900

42,000

106,400

110,300

76,900

62,500

42,100

66,100

11,600

-7,500

-30,600

-11,900

-22,800

-28,800

21,600

25,100

53,300

25,200

8,400

-12,200

-59,800

-75,900

-70,000

2,100

27,000

94,500

177,800

113,900

148,500

114,500

83,900

42,100

18,200

Income tax expense

11,400

-5,400

4,700

13,000

14,200

2,500

-91,400

22,000

36,200

-52,500

14,700

-100,800

18,600

24,400

2,600

200

-8,600

2,100

-9,500

110,600

4,300

11,400

15,800

1,500

3,800

-23,000

-18,900

-27,300

-21,800

15,100

-3,000

33,700

59,000

42,200

55,400

41,600

30,700

24,000

11,800

Net income from continuing operations

-

-

17,200

18,200

-

28,400

148,300

20,000

70,200

162,800

62,200

163,300

23,500

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-13,000

30,000

60,800

118,800

-

-

-

-

-

-

Income (loss) from discontinued operations, net of tax

-

-

-

-

-

-4,600

700

400

37,600

-1,000

1,700

-108,200

-1,700

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

22,200

1,800

800

700

-

-

-

-

-

-

Net income

37,900

14,400

17,200

18,200

28,400

23,800

149,000

20,400

107,800

161,800

63,900

55,100

21,800

17,700

9,000

-7,700

-22,000

-35,700

-13,300

-139,400

17,300

13,700

37,500

23,700

4,600

10,800

-40,900

-48,600

-48,200

9,200

31,800

61,600

119,500

75,800

93,100

72,900

53,200

18,100

6,400

Noncontrolling interest in net income of subsidiaries

13,500

3,600

4,100

11,100

10,200

6,100

5,500

8,700

18,500

21,700

18,000

46,300

9,100

8,600

6,000

800

-2,500

-5,800

-1,600

-35,500

5,400

4,900

8,800

8,200

3,800

-4,900

-6,700

-8,900

-8,400

5,600

8,900

17,200

30,600

20,200

21,600

20,500

15,200

3,700

1,900

Net income attributable to Valhi stockholders

24,400

10,800

13,100

7,100

18,200

17,700

143,500

11,700

89,300

140,100

45,900

8,800

12,700

9,100

3,000

-8,500

-19,500

-29,900

-11,700

-103,900

11,900

8,800

28,700

15,500

800

15,700

-34,200

-39,700

-39,800

3,600

22,900

44,400

88,900

55,600

71,500

52,400

38,000

14,400

4,500

Amounts attributable to Valhi stockholders:
Income from continuing operations

-

-

13,100

7,100

-

22,300

142,800

11,300

51,700

141,100

44,200

117,000

14,400

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-12,500

21,700

43,800

88,400

-

-

-

-

-

-

Income (loss) from discontinued operations

-

-

-

-

-

-4,600

700

400

37,600

-1,000

1,700

-108,200

-1,700

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,200

600

-

-

-

-

-

-

-

Net income attributable to Valhi stockholders

24,400

10,800

13,100

7,100

18,200

17,700

143,500

11,700

89,300

140,100

45,900

8,800

12,700

-

3,000

-8,500

-

-

-

-

-

-

-

-

-

-

-34,200

-39,700

-39,800

3,600

22,900

44,400

88,900

55,600

71,500

52,400

38,000

14,400

4,500

Basic and diluted net income (loss) per share:
Income from continuing operations

-

-

0.04

0.02

-

0.07

0.42

0.03

0.15

0.41

0.13

0.35

0.04

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-0.04

0.06

0.13

0.26

-

-

-

-

-

-

Income (loss) from discontinued operations

-

-

-

-

-

-0.01

0.00

0.00

0.11

-

-

-0.32

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.05

0.01

0.00

0.00

-

-

-

-

-

-

Basic and diluted net income per share

0.07

0.03

0.04

0.02

0.05

0.06

0.42

0.03

0.26

0.41

0.13

0.03

0.04

0.02

0.01

-0.02

-0.06

-0.10

-0.03

-0.30

0.04

-

0.08

0.05

-

0.05

-0.10

-0.12

-0.12

0.01

0.07

0.13

0.26

-0.05

0.21

0.15

0.33

0.13

0.04

Cash dividends per share

-

-

-

-

-

-

-

-

-

-

0.02

0.02

0.02

0.02

0.02

0.02

0.02

0.02

0.02

0.02

0.02

0.02

0.02

0.02

0.05

0.05

0.05

0.05

0.05

0.05

0.05

0.05

0.04

-0.02

0.04

0.04

0.10

0.10

0.10

Basic and diluted weighted average shares outstanding

342,100

342,200

342,100

342,100

342,000

341,900

342,100

342,000

342,000

342,000

342,000

342,000

342,000

342,000

342,000

342,000

342,000

342,000

342,000

342,000

342,000

342,000

342,000

342,000

342,000

342,000

342,000

342,000

342,000

342,000

342,000

342,000

342,000

570,300

342,000

341,900

114,200

114,300

114,300