Valhi Inc
NYSE:VHI
Income Statement
Earnings Waterfall
Valhi Inc
Revenue
|
1.9B
USD
|
Cost of Revenue
|
-1.7B
USD
|
Gross Profit
|
245.2m
USD
|
Operating Expenses
|
-277.4m
USD
|
Operating Income
|
-32.2m
USD
|
Other Expenses
|
20.1m
USD
|
Net Income
|
-12.1m
USD
|
Income Statement
Valhi Inc
Dec-2013 | Mar-2014 | Jun-2014 | Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
1 864
N/A
|
1 827
-2%
|
1 803
-1%
|
1 831
+2%
|
1 863
+2%
|
1 816
-2%
|
1 733
-5%
|
1 640
-5%
|
1 488
-9%
|
1 425
-4%
|
1 415
-1%
|
1 439
+2%
|
1 519
+6%
|
1 571
+3%
|
1 654
+5%
|
1 744
+5%
|
1 879
+8%
|
1 940
+3%
|
1 969
+1%
|
1 927
-2%
|
1 820
-6%
|
1 834
+1%
|
1 852
+1%
|
1 872
+1%
|
1 898
+1%
|
1 877
-1%
|
1 764
-6%
|
1 747
-1%
|
1 850
+6%
|
1 899
+3%
|
2 010
+6%
|
2 130
+6%
|
2 296
+8%
|
2 416
+5%
|
2 526
+5%
|
2 503
-1%
|
2 223
-11%
|
2 086
-6%
|
1 959
-6%
|
1 871
-4%
|
1 922
+3%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(1 729)
|
(1 620)
|
(1 508)
|
(1 470)
|
(1 460)
|
(1 410)
|
(1 375)
|
(1 348)
|
(1 260)
|
(1 244)
|
(1 228)
|
(1 216)
|
(1 219)
|
(1 196)
|
(1 198)
|
(1 209)
|
(1 277)
|
(1 269)
|
(1 258)
|
(1 248)
|
(1 211)
|
(1 288)
|
(1 367)
|
(1 422)
|
(1 463)
|
(1 465)
|
(1 370)
|
(1 362)
|
(1 438)
|
(1 478)
|
(1 567)
|
(1 625)
|
(1 716)
|
(1 775)
|
(1 862)
|
(1 872)
|
(1 732)
|
(1 712)
|
(1 666)
|
(1 639)
|
(1 677)
|
|
Gross Profit |
134
N/A
|
207
+54%
|
294
+42%
|
361
+23%
|
403
+11%
|
406
+1%
|
358
-12%
|
292
-18%
|
228
-22%
|
181
-21%
|
187
+3%
|
223
+19%
|
300
+35%
|
375
+25%
|
456
+22%
|
536
+17%
|
602
+12%
|
671
+11%
|
711
+6%
|
679
-4%
|
609
-10%
|
546
-10%
|
485
-11%
|
451
-7%
|
435
-4%
|
412
-5%
|
393
-5%
|
385
-2%
|
412
+7%
|
422
+2%
|
442
+5%
|
505
+14%
|
580
+15%
|
642
+11%
|
664
+3%
|
631
-5%
|
490
-22%
|
374
-24%
|
293
-22%
|
233
-20%
|
245
+5%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(375)
|
(374)
|
(366)
|
(332)
|
(276)
|
(273)
|
(276)
|
(273)
|
(249)
|
(247)
|
(233)
|
(233)
|
(236)
|
(237)
|
(238)
|
(239)
|
(269)
|
(286)
|
(300)
|
(313)
|
(310)
|
(301)
|
(295)
|
(293)
|
(294)
|
(294)
|
(290)
|
(284)
|
(284)
|
(284)
|
(293)
|
(305)
|
(312)
|
(318)
|
(319)
|
(318)
|
(304)
|
(296)
|
(285)
|
(272)
|
(277)
|
|
Selling, General & Administrative |
(375)
|
(374)
|
(366)
|
(332)
|
(276)
|
(273)
|
(276)
|
(273)
|
(249)
|
(247)
|
(233)
|
(233)
|
(236)
|
(237)
|
(238)
|
(239)
|
(269)
|
(286)
|
(300)
|
(313)
|
(294)
|
(301)
|
(295)
|
(293)
|
(277)
|
(294)
|
(290)
|
(284)
|
(268)
|
(284)
|
(293)
|
(305)
|
(295)
|
(318)
|
(319)
|
(318)
|
(289)
|
(296)
|
(285)
|
(272)
|
(259)
|
|
Research & Development |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(16)
|
0
|
0
|
0
|
(17)
|
0
|
0
|
0
|
(16)
|
0
|
0
|
0
|
(17)
|
0
|
0
|
0
|
(15)
|
0
|
0
|
0
|
(18)
|
|
Operating Income |
(241)
N/A
|
(167)
+31%
|
(72)
+57%
|
29
N/A
|
127
+338%
|
134
+6%
|
83
-38%
|
20
-76%
|
(20)
N/A
|
(66)
-224%
|
(46)
+29%
|
(11)
+77%
|
64
N/A
|
138
+116%
|
218
+58%
|
296
+36%
|
333
+12%
|
385
+16%
|
411
+7%
|
367
-11%
|
299
-18%
|
245
-18%
|
190
-22%
|
158
-17%
|
140
-11%
|
119
-15%
|
104
-13%
|
101
-3%
|
129
+28%
|
138
+7%
|
150
+8%
|
201
+34%
|
268
+34%
|
324
+21%
|
345
+7%
|
313
-9%
|
186
-40%
|
78
-58%
|
8
-90%
|
(39)
N/A
|
(32)
+18%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
(56)
|
(54)
|
(54)
|
(54)
|
(30)
|
(43)
|
(36)
|
(31)
|
(27)
|
(28)
|
(26)
|
(28)
|
(26)
|
(27)
|
(31)
|
(33)
|
(37)
|
(41)
|
(28)
|
(12)
|
(20)
|
(14)
|
(24)
|
(31)
|
(28)
|
(17)
|
(23)
|
(32)
|
(36)
|
(48)
|
(41)
|
(36)
|
(27)
|
(26)
|
(13)
|
(4)
|
(6)
|
5
|
(1)
|
(10)
|
(6)
|
|
Non-Reccuring Items |
(9)
|
(2)
|
(2)
|
0
|
0
|
3
|
3
|
4
|
4
|
(4)
|
(5)
|
(5)
|
(5)
|
0
|
0
|
(7)
|
(7)
|
(7)
|
(68)
|
(61)
|
(61)
|
(61)
|
(14)
|
(14)
|
(12)
|
(10)
|
5
|
4
|
2
|
0
|
0
|
0
|
0
|
0
|
(16)
|
(16)
|
(16)
|
(14)
|
3
|
3
|
0
|
|
Gain/Loss on Disposition of Assets |
(1)
|
0
|
0
|
0
|
(1)
|
0
|
0
|
0
|
(1)
|
0
|
0
|
0
|
(0)
|
0
|
0
|
0
|
(1)
|
12
|
12
|
12
|
12
|
(0)
|
0
|
4
|
7
|
8
|
7
|
7
|
4
|
4
|
9
|
16
|
15
|
0
|
0
|
0
|
0
|
0
|
2
|
2
|
2
|
|
Total Other Income |
89
|
85
|
91
|
101
|
16
|
32
|
23
|
4
|
3
|
4
|
5
|
6
|
7
|
1
|
(5)
|
(9)
|
3
|
8
|
9
|
9
|
5
|
3
|
9
|
9
|
(3)
|
13
|
5
|
4
|
2
|
(10)
|
(11)
|
(10)
|
1
|
11
|
8
|
9
|
5
|
8
|
3
|
0
|
16
|
|
Pre-Tax Income |
(218)
N/A
|
(140)
+36%
|
(38)
+72%
|
75
N/A
|
112
+50%
|
125
+12%
|
71
-43%
|
(5)
N/A
|
(42)
-755%
|
(94)
-125%
|
(73)
+23%
|
(38)
+47%
|
40
N/A
|
112
+184%
|
182
+62%
|
248
+36%
|
292
+18%
|
356
+22%
|
336
-6%
|
316
-6%
|
236
-25%
|
172
-27%
|
162
-6%
|
127
-22%
|
105
-17%
|
112
+6%
|
97
-13%
|
83
-14%
|
101
+21%
|
84
-17%
|
107
+28%
|
171
+59%
|
258
+51%
|
309
+20%
|
324
+5%
|
302
-7%
|
170
-44%
|
77
-55%
|
13
-83%
|
(45)
N/A
|
(20)
+57%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
91
|
65
|
37
|
2
|
(33)
|
(33)
|
(142)
|
(117)
|
(108)
|
(95)
|
16
|
4
|
(19)
|
(46)
|
55
|
43
|
119
|
102
|
(21)
|
142
|
89
|
111
|
120
|
(34)
|
(27)
|
(24)
|
(32)
|
(16)
|
(16)
|
(13)
|
(2)
|
(30)
|
(60)
|
(72)
|
(76)
|
(67)
|
(34)
|
(8)
|
11
|
27
|
22
|
|
Income from Continuing Operations |
(127)
|
(74)
|
(2)
|
77
|
80
|
92
|
(71)
|
(122)
|
(149)
|
(189)
|
(57)
|
(35)
|
21
|
67
|
238
|
291
|
411
|
458
|
314
|
458
|
325
|
284
|
282
|
93
|
78
|
88
|
65
|
68
|
85
|
71
|
106
|
141
|
198
|
237
|
249
|
235
|
136
|
69
|
24
|
(18)
|
3
|
|
Income to Minority Interest |
29
|
17
|
(0)
|
(16)
|
(26)
|
(27)
|
16
|
27
|
38
|
45
|
9
|
2
|
(13)
|
(25)
|
(70)
|
(82)
|
(95)
|
(105)
|
(67)
|
(54)
|
(39)
|
(31)
|
(33)
|
(32)
|
(29)
|
(32)
|
(26)
|
(26)
|
(34)
|
(30)
|
(34)
|
(46)
|
(71)
|
(79)
|
(84)
|
(83)
|
(46)
|
(29)
|
(18)
|
(7)
|
(15)
|
|
Net Income (Common) |
(98)
N/A
|
(57)
+41%
|
(2)
+96%
|
61
N/A
|
54
-11%
|
65
+21%
|
(55)
N/A
|
(95)
-74%
|
(134)
-41%
|
(165)
-24%
|
(70)
+58%
|
(55)
+21%
|
(16)
+71%
|
16
N/A
|
34
+106%
|
77
+128%
|
208
+171%
|
284
+37%
|
287
+1%
|
385
+34%
|
262
-32%
|
191
-27%
|
187
-2%
|
56
-70%
|
49
-12%
|
55
+12%
|
39
-29%
|
41
+6%
|
55
+33%
|
46
-17%
|
76
+67%
|
100
+31%
|
127
+28%
|
158
+24%
|
164
+4%
|
152
-8%
|
90
-41%
|
40
-56%
|
7
-83%
|
(25)
N/A
|
(12)
+52%
|
|
EPS (Diluted) |
-3.44
N/A
|
-2.01
+42%
|
-0.08
+96%
|
2.13
N/A
|
1.89
-11%
|
2.28
+21%
|
-1.91
N/A
|
-3.33
-74%
|
-4.68
-41%
|
-5.78
-24%
|
-2.44
+58%
|
-1.92
+21%
|
-0.55
+71%
|
0.57
N/A
|
1.17
+105%
|
2.68
+129%
|
7.28
+172%
|
9.96
+37%
|
10.07
+1%
|
13.49
+34%
|
9.19
-32%
|
6.7
-27%
|
6.54
-2%
|
1.96
-70%
|
1.73
-12%
|
1.95
+13%
|
1.38
-29%
|
1.46
+6%
|
1.93
+32%
|
1.6
-17%
|
2.67
+67%
|
3.49
+31%
|
4.46
+28%
|
5.54
+24%
|
5.77
+4%
|
5.32
-8%
|
3.16
-41%
|
1.4
-56%
|
0.24
-83%
|
-0.89
N/A
|
-0.42
+53%
|