XML 16 R7.htm IDEA: XBRL DOCUMENT v3.23.3
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Cash flows from operating activities:    
Net income (loss) $ (7,862) $ 41,910
Depreciation and amortization 2,996 2,962
Deferred income taxes (7,100) 3,336
Equity in (earnings) losses of Kronos Worldwide, Inc. 13,382 (37,940)
Dividends received from Kronos Worldwide, Inc. 20,075 20,074
Marketable equity securities 10,468 4,300
Loss on pension plan termination 4,911 0
Benefit plan expense greater than cash funding 70 (127)
Noncash interest income (2,833) 0
Noncash interest expense 563 722
Other, net 235 (8)
Change in assets and liabilities:    
Accounts and other receivables, net (1,908) (3,599)
Inventories, net (3,199) (7,846)
Prepaid expenses and other 103 (34)
Accounts payable and accrued liabilities (13,183) (10,552)
Income taxes (17) (22)
Accounts with affiliates 403 (33)
Accrued environmental remediation and related costs (1,163) (398)
Other noncurrent assets and liabilities, net (475) (12)
Net cash provided by operating activities 15,466 12,733
Cash flows from investing activities:    
Capital expenditures (564) (3,008)
Purchases (61,366) 0
Proceeds from maturities 54,000 0
Note receivable from affiliate:    
Collections 21,900 21,100
Loans (20,700) (17,100)
Other, net 0 281
Net cash provided by (used in) investing activities (6,730) 1,273
Cash flows from financing activities:    
Dividends paid (10,254) (27,336)
Subsidiary treasury stock acquired 0 (1,744)
Dividends paid to noncontrolling interests in subsidiary (1,167) (3,916)
Other, net 0 (14)
Net cash used in financing activities (11,421) (33,010)
Cash and cash equivalents and restricted cash and cash equivalents - net change from:    
Operating, investing and financing activities (2,685) (19,004)
Balance at beginning of year 97,502 175,242
Balance at end of period 94,817 156,238
Supplemental disclosures - cash paid (received) for:    
Interest 37 23
Income taxes, net $ (473) $ 281