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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Cash flows from operating activities:    
Net income (loss) $ 52,142 $ (7,862)
Depreciation and amortization 2,763 2,996
Deferred income taxes 10,588 (7,100)
Equity in (earnings) losses of Kronos Worldwide, Inc. (30,431) 13,382
Dividends received from Kronos Worldwide, Inc. 15,144 20,075
Marketable equity securities (21,775) 10,468
Loss on pension plan termination   4,911
Benefit plan expense greater than cash funding 51 70
Noncash interest income (817) (2,833)
Noncash interest expense 400 563
Other, net 233 235
Change in assets and liabilities:    
Accounts and other receivables, net 2,512 (1,908)
Inventories, net 2,494 (3,199)
Prepaid expenses and other (36) 103
Accounts payable and accrued liabilities (14,332) (13,183)
Income taxes (26) (17)
Accounts with affiliates 812 403
Accrued environmental remediation and related costs 518 (1,163)
Other noncurrent assets and liabilities, net (3,647) (475)
Net cash provided by operating activities 16,593 15,466
Cash flows from investing activities:    
Capital expenditures (1,194) (564)
Marketable securities:    
Purchases   (61,366)
Proceeds from maturities 54,000 54,000
Note receivable from affiliate:    
Collections 20,400 21,900
Loans (17,700) (20,700)
Net cash provided by (used in) investing activities 55,506 (6,730)
Cash flows from financing activities:    
Dividends paid (32,726) (10,254)
Dividends paid to noncontrolling interests in subsidiary (4,531) (1,167)
Net cash used in financing activities (37,257) (11,421)
Cash and cash equivalents and restricted cash and cash equivalents - net change from:    
Operating, investing and financing activities 34,842 (2,685)
Balance at beginning of year 141,382 97,502
Balance at end of period 176,224 94,817
Supplemental disclosures - cash paid (received) for:    
Interest 39 37
Income taxes, net $ 21 $ (473)