10-Q Filing

UNITED STATES LIME & MINERALS INC CIK: 82020 Q2 2014

Filing Information

Form Type	10-Q
Accession Number	`0001104659-14-054603`
Period End Date	20140630
Filing Date	20140730
Fiscal Year	2014
Fiscal Period	Q2
XBRL Instance	uslm-20140630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 52 Income Statement 70 Cash Flow Statement 54 Comprehensive Income 20

Balance Sheet 52 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$49.48M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$36.87M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$29.79M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$56.02M	USD	Point-in-time
Trade receivables, net	`AccountsReceivableNetCurrent`	$14.10M	USD	Point-in-time
Trade receivables, net	`AccountsReceivableNetCurrent`	$17.74M	USD	Point-in-time
Inventories	`InventoryNet`	$11.54M	USD	Point-in-time
Inventories	`InventoryNet`	$13.69M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$1.58M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$1.14M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$78.84M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$86.43M	USD	Point-in-time
Property, plant and equipment	`PropertyPlantAndEquipmentGross`	$249.71M	USD	Point-in-time
Property, plant and equipment	`PropertyPlantAndEquipmentGross`	$253.42M	USD	Point-in-time
Less accumulated depreciation and depletion	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$147.00M	USD	Point-in-time
Less accumulated depreciation and depletion	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$141.23M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$106.42M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$108.49M	USD	Point-in-time
Other assets, net	`OtherAssetsNoncurrent`	$171.00K	USD	Point-in-time
Other assets, net	`OtherAssetsNoncurrent`	$195.00K	USD	Point-in-time
Total assets	`Assets`	$193.02M	USD	Point-in-time
Total assets	`Assets`	$187.53M	USD	Point-in-time
Current installments of debt	`LongTermDebtCurrent`	$5.00M	USD	Point-in-time
Current installments of debt	`LongTermDebtCurrent`	$5.00M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$5.81M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$4.50M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$3.31M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$3.54M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$14.35M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$12.80M	USD	Point-in-time
Debt, excluding current installments	`LongTermDebtNoncurrent`	$16.67M	USD	Point-in-time
Debt, excluding current installments	`LongTermDebtNoncurrent`	$14.17M	USD	Point-in-time
Deferred tax liabilities, net	`DeferredTaxLiabilitiesNoncurrent`	$18.13M	USD	Point-in-time
Deferred tax liabilities, net	`DeferredTaxLiabilitiesNoncurrent`	$17.80M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$1.66M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$1.91M	USD	Point-in-time
Total liabilities	`Liabilities`	$50.72M	USD	Point-in-time
Total liabilities	`Liabilities`	$46.76M	USD	Point-in-time
Common stock	`CommonStockValue`	$650.00K	USD	Point-in-time
Common stock	`CommonStockValue`	$650.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$19.32M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$19.84M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-1.21M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-1.50M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$168.13M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$176.95M	USD	Point-in-time
Less treasury stock, at cost	`TreasuryStockValue`	$49.80M	USD	Point-in-time
Less treasury stock, at cost	`TreasuryStockValue`	$49.97M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$146.26M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$136.81M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$193.02M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$187.53M	USD	Point-in-time

Income Statement 70 line items

Line Item	Tag	Value	Unit	Period
Lime and limestone operations	`RevenueMineralSales`	$37.32M	USD	1 Quarter
Lime and limestone operations	`RevenueMineralSales`	$72.37M	USD	2 Qtrs
Lime and limestone operations	`RevenueMineralSales`	$63.84M	USD	2 Qtrs
Lime and limestone operations	`RevenueMineralSales`	$33.68M	USD	1 Quarter
Natural gas interests	`OilAndGasRevenue`	$2.92M	USD	2 Qtrs
Natural gas interests	`OilAndGasRevenue`	$1.49M	USD	1 Quarter
Natural gas interests	`OilAndGasRevenue`	$3.00M	USD	2 Qtrs
Natural gas interests	`OilAndGasRevenue`	$1.36M	USD	1 Quarter
Total revenues	`SalesRevenueNet`	$75.37M	USD	2 Qtrs
Total revenues	`SalesRevenueNet`	$35.17M	USD	1 Quarter
Total revenues	`SalesRevenueNet`	$66.76M	USD	2 Qtrs
Total revenues	`SalesRevenueNet`	$38.68M	USD	1 Quarter
Labor and other operating expenses	`LaborAndOtherOperatingExpenses`	$49.13M	USD	2 Qtrs
Labor and other operating expenses	`LaborAndOtherOperatingExpenses`	$22.61M	USD	1 Quarter
Labor and other operating expenses	`LaborAndOtherOperatingExpenses`	$24.59M	USD	1 Quarter
Labor and other operating expenses	`LaborAndOtherOperatingExpenses`	$44.25M	USD	2 Qtrs
Depreciation, depletion and amortization	`CostOfGoodsSoldDepreciationDepletionAndAmortization`	$3.60M	USD	1 Quarter
Depreciation, depletion and amortization	`CostOfGoodsSoldDepreciationDepletionAndAmortization`	$7.25M	USD	2 Qtrs
Depreciation, depletion and amortization	`CostOfGoodsSoldDepreciationDepletionAndAmortization`	$7.22M	USD	2 Qtrs
Depreciation, depletion and amortization	`CostOfGoodsSoldDepreciationDepletionAndAmortization`	$3.67M	USD	1 Quarter
Total cost of revenues	`CostOfGoodsAndServicesSold`	$51.50M	USD	2 Qtrs
Total cost of revenues	`CostOfGoodsAndServicesSold`	$28.25M	USD	1 Quarter
Total cost of revenues	`CostOfGoodsAndServicesSold`	$56.35M	USD	2 Qtrs
Total cost of revenues	`CostOfGoodsAndServicesSold`	$26.21M	USD	1 Quarter
Gross profit	`GrossProfit`	$19.02M	USD	2 Qtrs
Gross profit	`GrossProfit`	$15.26M	USD	2 Qtrs
Gross profit	`GrossProfit`	$10.42M	USD	1 Quarter
Gross profit	`GrossProfit`	$8.96M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$2.30M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$4.60M	USD	2 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$2.42M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$4.44M	USD	2 Qtrs
Operating profit	`OperatingIncomeLoss`	$6.67M	USD	1 Quarter
Operating profit	`OperatingIncomeLoss`	$14.41M	USD	2 Qtrs
Operating profit	`OperatingIncomeLoss`	$8.01M	USD	1 Quarter
Operating profit	`OperatingIncomeLoss`	$10.81M	USD	2 Qtrs
Interest expense	`InterestExpense`	$408.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$954.00K	USD	2 Qtrs
Interest expense	`InterestExpense`	$465.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$807.00K	USD	2 Qtrs
Other, net	`OtherNonoperatingIncomeExpense`	$53.00K	USD	2 Qtrs
Other, net	`OtherNonoperatingIncomeExpense`	$36.00K	USD	1 Quarter
Other, net	`OtherNonoperatingIncomeExpense`	$74.00K	USD	2 Qtrs
Other, net	`OtherNonoperatingIncomeExpense`	$55.00K	USD	1 Quarter
Total other expense (income)	`NonoperatingIncomeExpense`	$-353.00K	USD	1 Quarter
Total other expense (income)	`NonoperatingIncomeExpense`	$-429.00K	USD	1 Quarter
Total other expense (income)	`NonoperatingIncomeExpense`	$-754.00K	USD	2 Qtrs
Total other expense (income)	`NonoperatingIncomeExpense`	$-880.00K	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$6.24M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$9.93M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$13.66M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$7.65M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$2.55M	USD	2 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$3.45M	USD	2 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$1.61M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$1.93M	USD	1 Quarter
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$4.63M	USD	1 Quarter
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$10.21M	USD	2 Qtrs
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$7.38M	USD	2 Qtrs
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$5.72M	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$1.03	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$1.33	USD	2 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.83	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$1.83	USD	2 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$1.83	USD	2 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.83	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$1.02	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$1.33	USD	2 Qtrs
Cash dividend per share of common stock (in dollars per share)	`CommonStockDividendsPerShareCashPaid`	$0.25	USD	2 Qtrs
Cash dividend per share of common stock (in dollars per share)	`CommonStockDividendsPerShareCashPaid`	$0.12	USD	1 Quarter

Cash Flow Statement 54 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$4.63M	USD	1 Quarter
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$10.21M	USD	2 Qtrs
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$7.38M	USD	2 Qtrs
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$5.72M	USD	1 Quarter
Depreciation, depletion and amortization	`DepreciationDepletionAndAmortization`	$7.32M	USD	2 Qtrs
Depreciation, depletion and amortization	`DepreciationDepletionAndAmortization`	$7.38M	USD	2 Qtrs
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$23.00K	USD	2 Qtrs
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$23.00K	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$689.00K	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$165.00K	USD	2 Qtrs
Gain on sale of property, plant and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$8.00K	USD	2 Qtrs
Gain on sale of property, plant and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$11.00K	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$460.00K	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$524.00K	USD	2 Qtrs
Trade receivables, net	`IncreaseDecreaseInAccountsReceivable`	$3.64M	USD	2 Qtrs
Trade receivables, net	`IncreaseDecreaseInAccountsReceivable`	$3.17M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$-2.15M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$50.00K	USD	2 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-446.00K	USD	2 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$371.00K	USD	2 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-1.00K	USD	2 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$13.00K	USD	2 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$167.00K	USD	2 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-1.45M	USD	2 Qtrs
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$12.00K	USD	2 Qtrs
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$200.00K	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$12.50M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$15.94M	USD	2 Qtrs
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$5.55M	USD	2 Qtrs
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$4.01M	USD	2 Qtrs
Proceeds from sale of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$51.00K	USD	2 Qtrs
Proceeds from sale of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$211.00K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-3.96M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-5.34M	USD	2 Qtrs
Repayment of term loans	`RepaymentsOfLongTermDebt`	$2.50M	USD	2 Qtrs
Repayment of term loans	`RepaymentsOfLongTermDebt`	$1.25M	USD	2 Qtrs
Cash dividends paid	`PaymentsOfDividendsCommonStock`	$700.00K	USD	Point-in-time
Cash dividends paid	`PaymentsOfDividendsCommonStock`	$1.39M	USD	2 Qtrs
Cash dividends paid	`PaymentsOfDividendsCommonStock`	$700.00K	USD	Point-in-time
Purchase of treasury shares	`PaymentsForRepurchaseOfCommonStock`	$168.00K	USD	2 Qtrs
Purchase of treasury shares	`PaymentsForRepurchaseOfCommonStock`	$212.00K	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-4.06M	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-1.45M	USD	2 Qtrs
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$9.00K	USD	2 Qtrs
Net increase in cash and cash equivalents	`NetCashProvidedByUsedInContinuingOperations`	$6.54M	USD	2 Qtrs
Net increase in cash and cash equivalents	`NetCashProvidedByUsedInContinuingOperations`	$7.09M	USD	2 Qtrs
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$49.48M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$36.87M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$29.79M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$56.02M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$49.48M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$36.87M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$29.79M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$56.02M	USD	Point-in-time

Comprehensive Income 20 line items

Line Item	Tag	Value	Unit	Period
Mark to market of interest rate hedges, tax expense	`OtherComprehensiveIncomeDerivativesQualifyingAsHedgesTaxPortionAttributableToParent`	$122.00K	USD	1 Quarter
Mark to market of interest rate hedges, tax expense	`OtherComprehensiveIncomeDerivativesQualifyingAsHedgesTaxPortionAttributableToParent`	$163.00K	USD	2 Qtrs
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$4.63M	USD	1 Quarter
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$10.21M	USD	2 Qtrs
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$7.38M	USD	2 Qtrs
Mark to market of interest rate hedges, tax expense	`OtherComprehensiveIncomeDerivativesQualifyingAsHedgesTaxPortionAttributableToParent`	$79.00K	USD	1 Quarter
Mark to market of interest rate hedges, tax expense	`OtherComprehensiveIncomeDerivativesQualifyingAsHedgesTaxPortionAttributableToParent`	$229.00K	USD	2 Qtrs
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$5.72M	USD	1 Quarter
Mark to market of interest rate hedges, net of tax expenses of $79 and $122, respectively, for the quarters, and $163 and $229, respectively, for the six-month periods	`OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPortionAttributableToParent`	$139.00K	USD	1 Quarter
Mark to market of interest rate hedges, net of tax expenses of $79 and $122, respectively, for the quarters, and $163 and $229, respectively, for the six-month periods	`OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPortionAttributableToParent`	$213.00K	USD	1 Quarter
Mark to market of interest rate hedges, net of tax expenses of $79 and $122, respectively, for the quarters, and $163 and $229, respectively, for the six-month periods	`OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPortionAttributableToParent`	$285.00K	USD	2 Qtrs
Mark to market of interest rate hedges, net of tax expenses of $79 and $122, respectively, for the quarters, and $163 and $229, respectively, for the six-month periods	`OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPortionAttributableToParent`	$400.00K	USD	2 Qtrs
Total other comprehensive income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$213.00K	USD	1 Quarter
Total other comprehensive income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$285.00K	USD	2 Qtrs
Total other comprehensive income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$139.00K	USD	1 Quarter
Total other comprehensive income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$400.00K	USD	2 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$10.49M	USD	2 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$7.78M	USD	2 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$5.86M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$4.84M	USD	1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.