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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Cash flows from operating activities:      
Net income (loss) $ 28,035 $ (39,013) $ 117,826
Depreciation and amortization 3,685 3,476 3,734
Deferred income taxes 430 (15,178) (603)
Equity in earnings of Kronos Worldwide, Inc. (26,470) (62,316) (107,785)
Dividends received from Kronos Worldwide, Inc. 25,356 23,948 21,132
Net gain from sale of excess property (4,424)    
Net gain from sale of business (3,000)    
Cash funding of benefit plans in excess of net benefit plan expense (1,574) (1,875) (603)
Marketable equity securities 863 60,941  
Other, net 927 (2) 283
Change in assets and liabilities:      
Accounts and other receivables, net 15,487 (16,786) (117)
Inventories, net (1,439) (1,846) (473)
Prepaid expenses and other (77) (162) (177)
Accounts payable and accrued liabilities (26,365) 61,769 (1,700)
Income taxes 33 16 7
Accounts with affiliates 444 1,113 (3,041)
Accrued environmental remediation and related costs (3,703) (13,698) (4,749)
Other noncurrent assets and liabilities, net 19,227 16,689 (5,096)
Net cash provided by operating activities 27,435 17,076 18,638
Cash flows from investing activities:      
Capital expenditures (3,166) (3,118) (2,810)
Note receivable from affiliate:      
Loans (34,900) (46,800) (52,100)
Collections 40,800 51,000 41,300
Proceeds from sale of excess property 4,636    
Proceeds from sale of business 2,925    
Cash, cash equivalents and restricted cash and cash equivalents of business at time of sale (504)    
Other 125 225 4
Net cash provided by (used in) investing activities 9,916 1,307 (13,606)
Cash flows from financing activities -      
Distributions to noncontrolling interests in subsidiary (470) (335) (333)
Cash, cash equivalents and restricted cash and cash equivalents - net change from:      
Operating, investing and financing activities 36,881 18,048 4,699
Balance at beginning of year 120,989 102,941 98,242
Balance at end of year 157,870 120,989 102,941
Supplemental disclosures - Cash paid for (received):      
Interest 36 34 30
Income taxes, net (118) $ (1,716) $ 3,109
Noncash investing - receivable from sale of business $ 325