XML 17 R7.htm IDEA: XBRL DOCUMENT v3.20.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Cash flows from operating activities:    
Net income $ 7,374 $ 22,286
Depreciation and amortization 1,912 1,808
Deferred income taxes (4,805) 3,215
Equity in earnings of Kronos Worldwide, Inc. (13,858) (18,169)
Dividends received from Kronos Worldwide, Inc. 12,678 12,678
Marketable equity securities 14,325 (14,948)
Benefit plan expense greater (less) than cash funding 202 (224)
Other, net 728 577
Change in assets and liabilities:    
Accounts and other receivables, net 496 (3,319)
Inventories, net (3,555) (839)
Prepaid expenses and other 358 235
Accounts payable and accrued liabilities (3,592) (2,995)
Income taxes 27 3
Accounts with affiliates 530 784
Accrued environmental remediation and related costs (675) (1,410)
Other noncurrent assets and liabilities, net (33) 19,530
Net cash provided by operating activities 12,112 19,212
Cash flows from investing activities:    
Capital expenditures (861) (1,811)
Note receivable from affiliate:    
Collections 20,628 22,100
Loans (23,028) (28,100)
Other, net   (128)
Net cash used in investing activities (3,261) (7,683)
Cash flows from financing activities:    
Dividends paid (3,902)  
Distributions to noncontrolling interests in subsidiary (338) (235)
Net cash used in financing activities (4,240) (235)
Cash and cash equivalents and restricted cash and cash equivalents - net change from:    
Operating, investing and financing activities 4,611 11,294
Balance at beginning of period 157,870 120,989
Balance at end of period 162,481 132,283
Supplemental disclosures - cash paid (received) for:    
Interest 14 18
Income taxes, net $ (9) $ (232)