Valhi Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	183.5	348.3	407	478.5	698.4	518.6
Short-Term Investments	3.1	1.9	56.1	75.1	2.6	4.4
Cash & Short-Term Investments	186.6	350.2	463.1	553.6	701	523
Cash Growth	-41.08%	-24.38%	-16.35%	-21.03%	34.03%	-0.55%
Accounts Receivable	334.3	280	304.8	235.8	358.6	306.6
Other Receivables	32.3	47.8	35.6	46.1	45.1	35.7
Receivables	366.6	327.8	340.4	281.9	403.7	342.3
Inventory	690.9	685.8	596.1	640.8	458.7	538.2
Prepaid Expenses	63	65.1	53.2	66.9	57.2	36
Restricted Cash	34.3	24.8	22.6	46.3	52.6	13.9
Total Current Assets	1,341	1,454	1,475	1,590	1,673	1,453
Property, Plant & Equipment	774.8	744	540	545.3	583.5	616.5
Long-Term Investments	5.8	5.7	115.8	114.1	105.2	106.2
Goodwill	382.3	382.3	379.7	379.7	379.7	379.7
Long-Term Deferred Tax Assets	30.6	53.8	67	40.5	86.8	120.2
Other Long-Term Assets	66.6	69.1	90	117.3	138.1	188
Total Assets	2,716	2,800	2,737	2,836	3,005	2,889
Accounts Payable	166.9	250.2	248.4	216.5	170	136.9
Accrued Expenses	89.3	227.1	127.6	129.1	135.3	116.2
Current Portion of Long-Term Debt	0.8	79	0.7	1.8	3.1	2.4
Current Portion of Leases	4.4	3.5	3.9	3.8	3.7	6.7
Current Income Taxes Payable	5.7	39.4	25.9	19.1	13.8	24
Current Unearned Revenue	25.9	28.2	88.8	110.7	125.8	20.1
Other Current Liabilities	76	16.4	11.8	11.8	11.8	11.8
Total Current Liabilities	369	643.8	507.1	492.8	463.5	318.1
Long-Term Debt	661.5	484.4	545.8	557.7	649.9	786.2
Long-Term Leases	16.5	17.1	18.6	17.4	15.8	18.8
Long-Term Unearned Revenue	8.2	11.8	15.5	25.9	81.6	58.9
Pension & Post-Retirement Benefits	136.9	128.8	163.9	143.5	307.4	396
Long-Term Deferred Tax Liabilities	50.4	57.7	17.1	63.5	46.2	29.6
Other Long-Term Liabilities	72.3	77.5	192.8	228.1	282.4	274.8
Total Liabilities	1,315	1,421	1,461	1,529	1,847	1,882
Common Stock	0.3	0.3	0.3	0.3	0.3	0.3
Additional Paid-In Capital	670.3	669.9	669.5	669.5	669	668.3
Retained Earnings	563.5	574.7	475.8	482.3	401.1	282.9
Treasury Stock	-49.6	-49.6	-49.6	-49.6	-49.6	-49.6
Comprehensive Income & Other	-137	-159.2	-145.5	-143.9	-191.3	-219.4
Total Common Equity	1,048	1,036	950.5	958.6	829.5	682.5
Minority Interest	353.4	343	325.7	348.2	328.9	324.4
Shareholders' Equity	1,401	1,379	1,276	1,307	1,158	1,007
Total Liabilities & Equity	2,716	2,800	2,737	2,836	3,005	2,889
Total Debt	683.2	584	569	580.7	672.5	814.1
Net Cash (Debt)	-490.8	-228.1	-101.1	-25.9	31.8	-288.2
Net Cash Per Share	-17.22	-8.00	-3.55	-0.91	1.12	-10.11
Filing Date Shares Outstanding	28.3	28.29	28.29	28.28	28.28	28.27
Total Common Shares Outstanding	28.3	28.5	28.5	28.5	28.5	28.5
Working Capital	972.4	809.9	968.3	1,097	1,210	1,135
Book Value Per Share	37.01	36.35	33.35	33.64	29.11	23.95
Tangible Book Value	665.2	653.8	570.8	578.9	449.8	302.8
Tangible Book Value Per Share	23.50	22.94	20.03	20.31	15.78	10.62
Land	79.3	74.7	45.1	42.5	50.3	49.6
Buildings	309.8	282.6	271.2	249.2	252.6	268.7
Machinery	1,451	1,312	1,179	1,107	1,195	1,235
Construction In Progress	45.2	41.7	23.6	77.2	82.9	64.5

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q