10-Q Filing

UNITED STATES LIME & MINERALS INC CIK: 82020 Q3 2014

Filing Information

Form Type	10-Q
Accession Number	`0001104659-14-075434`
Period End Date	20140930
Filing Date	20141031
Fiscal Year	2014
Fiscal Period	Q3
XBRL Instance	uslm-20140930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 52 Income Statement 70 Cash Flow Statement 55 Comprehensive Income 20

Balance Sheet 52 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$43.40M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$58.27M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$49.48M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$29.79M	USD	Point-in-time
Trade receivables, net	`AccountsReceivableNetCurrent`	$14.10M	USD	Point-in-time
Trade receivables, net	`AccountsReceivableNetCurrent`	$19.69M	USD	Point-in-time
Inventories	`InventoryNet`	$12.86M	USD	Point-in-time
Inventories	`InventoryNet`	$13.69M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$1.37M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$1.58M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$78.84M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$92.19M	USD	Point-in-time
Property, plant and equipment	`PropertyPlantAndEquipmentGross`	$249.71M	USD	Point-in-time
Property, plant and equipment	`PropertyPlantAndEquipmentGross`	$256.30M	USD	Point-in-time
Less accumulated depreciation and depletion	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$150.65M	USD	Point-in-time
Less accumulated depreciation and depletion	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$141.23M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$105.64M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$108.49M	USD	Point-in-time
Other assets, net	`OtherAssetsNoncurrent`	$195.00K	USD	Point-in-time
Other assets, net	`OtherAssetsNoncurrent`	$161.00K	USD	Point-in-time
Total assets	`Assets`	$198.00M	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`	$4.82M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$4.08M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$3.54M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$13.91M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$14.35M	USD	Point-in-time
Debt, excluding current installments	`LongTermDebtNoncurrent`	$12.92M	USD	Point-in-time
Debt, excluding current installments	`LongTermDebtNoncurrent`	$16.67M	USD	Point-in-time
Deferred tax liabilities, net	`DeferredTaxLiabilitiesNoncurrent`	$18.21M	USD	Point-in-time
Deferred tax liabilities, net	`DeferredTaxLiabilitiesNoncurrent`	$17.80M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$1.53M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$1.91M	USD	Point-in-time
Total liabilities	`Liabilities`	$46.56M	USD	Point-in-time
Total liabilities	`Liabilities`	$50.72M	USD	Point-in-time
Common stock	`CommonStockValue`	$650.00K	USD	Point-in-time
Common stock	`CommonStockValue`	$651.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$20.14M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$19.32M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-1.50M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-1.07M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$168.13M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$181.68M	USD	Point-in-time
Less treasury stock, at cost	`TreasuryStockValue`	$49.97M	USD	Point-in-time
Less treasury stock, at cost	`TreasuryStockValue`	$49.80M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$136.81M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$151.43M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$187.53M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$198.00M	USD	Point-in-time

Income Statement 70 line items

Line Item	Tag	Value	Unit	Period
Lime and limestone operations	`RevenueMineralSales`	$37.85M	USD	1 Quarter
Lime and limestone operations	`RevenueMineralSales`	$99.34M	USD	3 Qtrs
Lime and limestone operations	`RevenueMineralSales`	$110.23M	USD	3 Qtrs
Lime and limestone operations	`RevenueMineralSales`	$35.50M	USD	1 Quarter
Natural gas interests	`OilAndGasRevenue`	$1.40M	USD	1 Quarter
Natural gas interests	`OilAndGasRevenue`	$1.22M	USD	1 Quarter
Natural gas interests	`OilAndGasRevenue`	$4.21M	USD	3 Qtrs
Natural gas interests	`OilAndGasRevenue`	$4.32M	USD	3 Qtrs
Total revenues	`SalesRevenueNet`	$39.07M	USD	1 Quarter
Total revenues	`SalesRevenueNet`	$36.90M	USD	1 Quarter
Total revenues	`SalesRevenueNet`	$103.66M	USD	3 Qtrs
Total revenues	`SalesRevenueNet`	$114.44M	USD	3 Qtrs
Labor and other operating expenses	`LaborAndOtherOperatingExpenses`	$24.20M	USD	1 Quarter
Labor and other operating expenses	`LaborAndOtherOperatingExpenses`	$25.46M	USD	1 Quarter
Labor and other operating expenses	`LaborAndOtherOperatingExpenses`	$74.59M	USD	3 Qtrs
Labor and other operating expenses	`LaborAndOtherOperatingExpenses`	$68.45M	USD	3 Qtrs
Depreciation, depletion and amortization	`CostOfGoodsSoldDepreciationDepletionAndAmortization`	$10.95M	USD	3 Qtrs
Depreciation, depletion and amortization	`CostOfGoodsSoldDepreciationDepletionAndAmortization`	$10.84M	USD	3 Qtrs
Depreciation, depletion and amortization	`CostOfGoodsSoldDepreciationDepletionAndAmortization`	$3.73M	USD	1 Quarter
Depreciation, depletion and amortization	`CostOfGoodsSoldDepreciationDepletionAndAmortization`	$3.59M	USD	1 Quarter
Total cost of revenues	`CostOfGoodsAndServicesSold`	$29.19M	USD	1 Quarter
Total cost of revenues	`CostOfGoodsAndServicesSold`	$79.29M	USD	3 Qtrs
Total cost of revenues	`CostOfGoodsAndServicesSold`	$85.54M	USD	3 Qtrs
Total cost of revenues	`CostOfGoodsAndServicesSold`	$27.79M	USD	1 Quarter
Gross profit	`GrossProfit`	$9.11M	USD	1 Quarter
Gross profit	`GrossProfit`	$28.90M	USD	3 Qtrs
Gross profit	`GrossProfit`	$9.88M	USD	1 Quarter
Gross profit	`GrossProfit`	$24.36M	USD	3 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$6.67M	USD	3 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$7.00M	USD	3 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$2.22M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$2.40M	USD	1 Quarter
Operating profit	`OperatingIncomeLoss`	$7.48M	USD	1 Quarter
Operating profit	`OperatingIncomeLoss`	$17.70M	USD	3 Qtrs
Operating profit	`OperatingIncomeLoss`	$6.89M	USD	1 Quarter
Operating profit	`OperatingIncomeLoss`	$21.89M	USD	3 Qtrs
Interest expense	`InterestExpense`	$369.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$451.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$1.18M	USD	3 Qtrs
Interest expense	`InterestExpense`	$1.41M	USD	3 Qtrs
Other, net	`OtherNonoperatingIncomeExpense`	$-59.00K	USD	1 Quarter
Other, net	`OtherNonoperatingIncomeExpense`	$15.00K	USD	3 Qtrs
Other, net	`OtherNonoperatingIncomeExpense`	$-10.00K	USD	1 Quarter
Other, net	`OtherNonoperatingIncomeExpense`	$43.00K	USD	3 Qtrs
Total other expense (income)	`NonoperatingIncomeExpense`	$-510.00K	USD	1 Quarter
Total other expense (income)	`NonoperatingIncomeExpense`	$-1.39M	USD	3 Qtrs
Total other expense (income)	`NonoperatingIncomeExpense`	$-1.13M	USD	3 Qtrs
Total other expense (income)	`NonoperatingIncomeExpense`	$-379.00K	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$6.38M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$7.10M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$20.76M	USD	3 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$16.31M	USD	3 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$4.14M	USD	3 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$1.67M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$5.12M	USD	3 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$1.59M	USD	1 Quarter
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$12.17M	USD	3 Qtrs
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$4.79M	USD	1 Quarter
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$15.64M	USD	3 Qtrs
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$5.43M	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.97	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$2.80	USD	3 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$2.19	USD	3 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.86	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.86	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$2.19	USD	3 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$2.80	USD	3 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.97	USD	1 Quarter
Cash dividend per share of common stock (in dollars per share)	`CommonStockDividendsPerShareCashPaid`	$0.38	USD	3 Qtrs
Cash dividend per share of common stock (in dollars per share)	`CommonStockDividendsPerShareCashPaid`	$0.12	USD	1 Quarter

Cash Flow Statement 55 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$12.17M	USD	3 Qtrs
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$4.79M	USD	1 Quarter
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$15.64M	USD	3 Qtrs
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$5.43M	USD	1 Quarter
Depreciation, depletion and amortization	`DepreciationDepletionAndAmortization`	$11.09M	USD	3 Qtrs
Depreciation, depletion and amortization	`DepreciationDepletionAndAmortization`	$11.01M	USD	3 Qtrs
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$34.00K	USD	3 Qtrs
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$34.00K	USD	3 Qtrs
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$1.30M	USD	3 Qtrs
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$165.00K	USD	3 Qtrs
Gain on sale of property, plant and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-54.00K	USD	3 Qtrs
Gain on sale of property, plant and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-53.00K	USD	3 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$684.00K	USD	3 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$822.00K	USD	3 Qtrs
Trade receivables, net	`IncreaseDecreaseInAccountsReceivable`	$5.59M	USD	3 Qtrs
Trade receivables, net	`IncreaseDecreaseInAccountsReceivable`	$3.21M	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$-829.00K	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$-577.00K	USD	3 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$80.00K	USD	3 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-213.00K	USD	3 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-3.00K	USD	3 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-1.00K	USD	3 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$1.51M	USD	3 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-267.00K	USD	3 Qtrs
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$120.00K	USD	3 Qtrs
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$298.00K	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$24.17M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$23.29M	USD	3 Qtrs
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$6.69M	USD	3 Qtrs
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$8.72M	USD	3 Qtrs
Proceeds from sale of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$246.00K	USD	3 Qtrs
Proceeds from sale of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$78.00K	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-6.61M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-8.48M	USD	3 Qtrs
Repayments of term loans	`RepaymentsOfLongTermDebt`	$3.75M	USD	3 Qtrs
Repayments of term loans	`RepaymentsOfLongTermDebt`	$3.75M	USD	3 Qtrs
Cash dividends paid	`PaymentsOfDividendsCommonStock`	$700.00K	USD	Point-in-time
Cash dividends paid	`PaymentsOfDividendsCommonStock`	$700.00K	USD	Point-in-time
Cash dividends paid	`PaymentsOfDividendsCommonStock`	$2.09M	USD	3 Qtrs
Cash dividends paid	`PaymentsOfDividendsCommonStock`	$700.00K	USD	Point-in-time
Purchase of treasury shares	`PaymentsForRepurchaseOfCommonStock`	$168.00K	USD	3 Qtrs
Purchase of treasury shares	`PaymentsForRepurchaseOfCommonStock`	$212.00K	USD	3 Qtrs
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$21.00K	USD	3 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-6.01M	USD	3 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-3.94M	USD	3 Qtrs
Net increase in cash and cash equivalents	`NetCashProvidedByUsedInContinuingOperations`	$8.80M	USD	3 Qtrs
Net increase in cash and cash equivalents	`NetCashProvidedByUsedInContinuingOperations`	$13.61M	USD	3 Qtrs
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$43.40M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$58.27M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$49.48M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$29.79M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$43.40M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$58.27M	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`	$29.79M	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`	$245.00K	USD	3 Qtrs
Mark to market of interest rate hedges, tax expense	`OtherComprehensiveIncomeDerivativesQualifyingAsHedgesTaxPortionAttributableToParent`	$81.00K	USD	1 Quarter
Mark to market of interest rate hedges, tax expense	`OtherComprehensiveIncomeDerivativesQualifyingAsHedgesTaxPortionAttributableToParent`	$83.00K	USD	1 Quarter
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$12.17M	USD	3 Qtrs
Mark to market of interest rate hedges, tax expense	`OtherComprehensiveIncomeDerivativesQualifyingAsHedgesTaxPortionAttributableToParent`	$310.00K	USD	3 Qtrs
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$4.79M	USD	1 Quarter
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$15.64M	USD	3 Qtrs
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$5.43M	USD	1 Quarter
Mark to market of interest rate hedges, net of tax expenses of $83 and $81, respectively, for the quarters, and $245 and $310, respectively, for the nine-month periods	`OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPortionAttributableToParent`	$145.00K	USD	1 Quarter
Mark to market of interest rate hedges, net of tax expenses of $83 and $81, respectively, for the quarters, and $245 and $310, respectively, for the nine-month periods	`OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPortionAttributableToParent`	$542.00K	USD	3 Qtrs
Mark to market of interest rate hedges, net of tax expenses of $83 and $81, respectively, for the quarters, and $245 and $310, respectively, for the nine-month periods	`OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPortionAttributableToParent`	$430.00K	USD	3 Qtrs
Mark to market of interest rate hedges, net of tax expenses of $83 and $81, respectively, for the quarters, and $245 and $310, respectively, for the nine-month periods	`OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPortionAttributableToParent`	$142.00K	USD	1 Quarter
Total other comprehensive income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$145.00K	USD	1 Quarter
Total other comprehensive income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$430.00K	USD	3 Qtrs
Total other comprehensive income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$142.00K	USD	1 Quarter
Total other comprehensive income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$542.00K	USD	3 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$4.93M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$12.71M	USD	3 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$5.57M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$16.07M	USD	3 Qtrs

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