10-Q Filing

LSB INDUSTRIES, INC. CIK: 60714 Q1 2014

Filing Information

Form Type	10-Q
Accession Number	`0001193125-14-187840`
Period End Date	20140331
Filing Date	20140508
Fiscal Year	2014
Fiscal Period	Q1
XBRL Instance	lxu-20140331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 83 Income Statement 42 Cash Flow Statement 65 Stockholders Equity 11

Balance Sheet 83 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$162.78M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$98.02M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$143.75M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$68.67M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$80.57M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$90.61M	USD	Point-in-time
Finished goods	`InventoryFinishedGoodsNetOfReserves`	$26.82M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.10	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.10	USD	Point-in-time
Finished goods	`InventoryFinishedGoodsNetOfReserves`	$29.16M	USD	Point-in-time
Work in progress	`InventoryWorkInProcess`	$2.83M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	75.00M	shares	Point-in-time
Work in progress	`InventoryWorkInProcess`	$2.84M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	75.00M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	26.86M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	26.85M	shares	Point-in-time
Raw materials	`InventoryRawMaterials`	$27.58M	USD	Point-in-time
Raw materials	`InventoryRawMaterials`	$23.87M	USD	Point-in-time
Treasury stock, common shares	`TreasuryStockShares`	4.32M	shares	Point-in-time
Treasury stock, common shares	`TreasuryStockShares`	4.32M	shares	Point-in-time
Total inventories	`InventoryNet`	$57.23M	USD	Point-in-time
Total inventories	`InventoryNet`	$55.87M	USD	Point-in-time
Prepaid insurance	`PrepaidInsurance`	$11.30M	USD	Point-in-time
Prepaid insurance	`PrepaidInsurance`	$15.07M	USD	Point-in-time
Precious metals	`PreciousMetals`	$14.93M	USD	Point-in-time
Precious metals	`PreciousMetals`	$12.99M	USD	Point-in-time
Supplies	`Supplies`	$14.44M	USD	Point-in-time
Supplies	`Supplies`	$13.52M	USD	Point-in-time
Prepaid income taxes	`PrepaidTaxes`	$12.64M	USD	Point-in-time
Prepaid income taxes	`PrepaidTaxes`	$4.40M	USD	Point-in-time
Other	`OtherPrepaidExpenseCurrent`	$5.52M	USD	Point-in-time
Other	`OtherPrepaidExpenseCurrent`	$3.87M	USD	Point-in-time
Total supplies, prepaid items and other	`SuppliesPrepaidItemsAndOther`	$48.64M	USD	Point-in-time
Total supplies, prepaid items and other	`SuppliesPrepaidItemsAndOther`	$60.03M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$11.41M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$13.61M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$370.68M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$353.84M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$416.80M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$451.18M	USD	Point-in-time
Noncurrent restricted cash and cash equivalents	`RestrictedCashAndCashEquivalentsNoncurrent`	$80.97M	USD	Point-in-time
Noncurrent restricted cash and cash equivalents	`RestrictedCashAndCashEquivalentsNoncurrent`	$246.08M	USD	Point-in-time
Noncurrent restricted investments	`RestrictedCashAndInvestmentsNoncurrent`	$209.99M	USD	Point-in-time
Debt issuance costs, net	`UnamortizedDebtIssuanceExpense`	$8.03M	USD	Point-in-time
Debt issuance costs, net	`UnamortizedDebtIssuanceExpense`	$7.66M	USD	Point-in-time
Other, net	`OtherAssetsNoncurrent`	$13.47M	USD	Point-in-time
Other, net	`OtherAssetsNoncurrent`	$14.71M	USD	Point-in-time
Total other assets	`OtherAssets`	$312.46M	USD	Point-in-time
Total other assets	`OtherAssets`	$268.44M	USD	Point-in-time
Total assets	`Assets`	$1.09B	USD	Point-in-time
Total assets	`Assets`	$1.08B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$61.77M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$68.63M	USD	Point-in-time
Short-term financing	`ShortTermBorrowings`	$13.75M	USD	Point-in-time
Short-term financing	`ShortTermBorrowings`	$9.68M	USD	Point-in-time
Accrued and other liabilities	`OtherLiabilitiesCurrent`	$38.32M	USD	Point-in-time
Accrued and other liabilities	`OtherLiabilitiesCurrent`	$49.11M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$9.26M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$9.75M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$126.37M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$133.89M	USD	Point-in-time
Long-term debt	`LongTermDebtAndCapitalLeaseObligations`	$453.70M	USD	Point-in-time
Long-term debt	`LongTermDebtAndCapitalLeaseObligations`	$452.14M	USD	Point-in-time
Noncurrent accrued and other liabilities	`OtherLiabilitiesNoncurrent`	$17.09M	USD	Point-in-time
Noncurrent accrued and other liabilities	`OtherLiabilitiesNoncurrent`	$17.44M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$70.49M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$66.70M	USD	Point-in-time
Commitments and contingencies (Note 9)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 9)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock, $.10 par value; 75,000,000 shares authorized, 26,855,450 shares issued (26,846,470 at December 31, 2013)	`CommonStockValue`	$2.69M	USD	Point-in-time
Common stock, $.10 par value; 75,000,000 shares authorized, 26,855,450 shares issued (26,846,470 at December 31, 2013)	`CommonStockValue`	$2.69M	USD	Point-in-time
Capital in excess of par value	`AdditionalPaidInCapital`	$168.36M	USD	Point-in-time
Capital in excess of par value	`AdditionalPaidInCapital`	$167.55M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$278.19M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$266.85M	USD	Point-in-time
Stockholders equity including treasury stock	`StockholdersEquityBeforeTreasuryStock`	$440.09M	USD	Point-in-time
Stockholders equity including treasury stock	`StockholdersEquityBeforeTreasuryStock`	$452.24M	USD	Point-in-time
Common stock, 4,320,462 shares	`TreasuryStockValue`	$28.37M	USD	Point-in-time
Common stock, 4,320,462 shares	`TreasuryStockValue`	$28.37M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$411.71M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$423.87M	USD	Point-in-time
Total Liabilities and Stockholders' equity	`LiabilitiesAndStockholdersEquity`	$1.08B	USD	Point-in-time
Total Liabilities and Stockholders' equity	`LiabilitiesAndStockholdersEquity`	$1.09B	USD	Point-in-time

Income Statement 42 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueNet`	$150.68M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$178.53M	USD	1 Quarter
Cost of sales	`CostOfRevenue`	$125.26M	USD	1 Quarter
Cost of sales	`CostOfRevenue`	$129.80M	USD	1 Quarter
Gross profit	`GrossProfit`	$25.42M	USD	1 Quarter
Gross profit	`GrossProfit`	$48.72M	USD	1 Quarter
Selling, general and administrative expense	`SellingGeneralAndAdministrativeExpense`	$27.66M	USD	1 Quarter
Selling, general and administrative expense	`SellingGeneralAndAdministrativeExpense`	$24.49M	USD	1 Quarter
Provision for (recovery of) losses on accounts receivable	`AllowanceForDoubtfulAccountsReceivablePeriodIncreaseDecrease`	$159.00K	USD	1 Quarter
Provision for (recovery of) losses on accounts receivable	`AllowanceForDoubtfulAccountsReceivablePeriodIncreaseDecrease`	$-100.00K	USD	1 Quarter
Property insurance recoveries in excess of losses incurred	`PropertyInsuranceRecoveriesInExcessOfLossesIncurred`	$5.15M	USD	1 Quarter
Other expense, net	`OtherIncomeExpenseNet`	$-1.07M	USD	1 Quarter
Other expense, net	`OtherIncomeExpenseNet`	$-509.00K	USD	1 Quarter
Operating income (loss)	`OperatingIncomeLoss`	$-237.00K	USD	1 Quarter
Operating income (loss)	`OperatingIncomeLoss`	$25.86M	USD	1 Quarter
Interest expense, net	`InterestExpense`	$731.00K	USD	1 Quarter
Interest expense, net	`InterestExpense`	$6.71M	USD	1 Quarter
Non-operating other expense (income), net	`OtherNonoperatingIncomeExpense`	$-16.00K	USD	1 Quarter
Non-operating other expense (income), net	`OtherNonoperatingIncomeExpense`	$77.00K	USD	1 Quarter
Income (loss) from continuing operations before provision (benefit) for income taxes and equity in earnings of affiliate	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$19.23M	USD	1 Quarter
Income (loss) from continuing operations before provision (benefit) for income taxes and equity in earnings of affiliate	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-984.00K	USD	1 Quarter
Provision (benefit) for income taxes	`IncomeTaxExpenseBenefit`	$-745.00K	USD	1 Quarter
Provision (benefit) for income taxes	`IncomeTaxExpenseBenefit`	$7.65M	USD	1 Quarter
Equity in earnings of affiliate	`IncomeLossFromEquityMethodInvestments`	$67.00K	USD	1 Quarter
Equity in earnings of affiliate	`IncomeLossFromEquityMethodInvestments`	$171.00K	USD	1 Quarter
Income (loss) from continuing operations	`IncomeLossFromContinuingOperations`	$-68.00K	USD	1 Quarter
Income (loss) from continuing operations	`IncomeLossFromContinuingOperations`	$11.64M	USD	1 Quarter
Net loss from discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity`	$-2.00K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-68.00K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$11.64M	USD	1 Quarter
Dividends on preferred stocks	`DividendsPreferredStockCash`	$300.00K	USD	1 Quarter
Dividends on preferred stocks	`DividendsPreferredStockCash`	$300.00K	USD	1 Quarter
Net income (loss) applicable to common stock	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-368.00K	USD	1 Quarter
Net income (loss) applicable to common stock	`NetIncomeLossAvailableToCommonStockholdersBasic`	$11.34M	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	22.42M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	22.53M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	23.64M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	22.42M	shares	1 Quarter
Basic	`EarningsPerShareBasic`	$0.50	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$-0.02	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$-0.02	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.49	USD	1 Quarter

Cash Flow Statement 65 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$-68.00K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$11.64M	USD	1 Quarter
Net loss from discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity`	$-2.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$340.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$6.00M	USD	1 Quarter
Gains on property insurance recoveries associated with property, plant and equipment	`GainOnPropertyInsuranceRecoveriesAssociatedWithPropertyPlantAndEquipment`	$5.15M	USD	1 Quarter
Depreciation, depletion and amortization of property, plant and equipment	`Depreciation`	$8.68M	USD	1 Quarter
Depreciation, depletion and amortization of property, plant and equipment	`Depreciation`	$6.55M	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$-619.00K	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$113.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$9.80M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$9.88M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-150.00K	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$5.37M	USD	1 Quarter
Prepaid and accrued income taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$8.25M	USD	1 Quarter
Prepaid and accrued income taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-10.91M	USD	1 Quarter
Other supplies, prepaid items and other	`IncreaseDecreaseInOtherOperatingAssets`	$-2.21M	USD	1 Quarter
Other supplies, prepaid items and other	`IncreaseDecreaseInOtherOperatingAssets`	$-3.54M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$8.18M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-4.70M	USD	1 Quarter
Other current and noncurrent liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-9.61M	USD	1 Quarter
Other current and noncurrent liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-4.13M	USD	1 Quarter
Deferred gain on insurance recoveries	`IncreaseDecreaseDeferredGainOnInsuranceRecovery`	$-1.38M	USD	1 Quarter
Deferred gain on insurance recoveries	`IncreaseDecreaseDeferredGainOnInsuranceRecovery`	$5.12M	USD	1 Quarter
Net cash provided (used) by continuing operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-20.12M	USD	1 Quarter
Net cash provided (used) by continuing operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$20.31M	USD	1 Quarter
Expenditures for property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$45.31M	USD	1 Quarter
Expenditures for property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$44.34M	USD	1 Quarter
Proceeds from property insurance recovery associated with property, plant and equipment	`ProceedsFromInsuranceSettlementInvestingActivities`	$5.15M	USD	1 Quarter
Proceeds from property insurance recovery associated with property, plant and equipment	`ProceedsFromInsuranceSettlementInvestingActivities`	$4.50M	USD	1 Quarter
Proceeds from sales of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$78.00K	USD	1 Quarter
Proceeds from sales of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$199.00K	USD	1 Quarter
Deposits of current and noncurrent restricted cash and cash equivalents	`IncreaseDecreaseInRestrictedCash`	$82.00K	USD	1 Quarter
Deposits of current and noncurrent restricted cash and cash equivalents	`IncreaseDecreaseInRestrictedCash`	$165.11M	USD	1 Quarter
Proceeds from noncurrent restricted investments	`ProceedsFromSaleOfRestrictedInvestments`	$209.99M	USD	1 Quarter
Proceeds from sales of carbon credits	`ProceedsFromSaleOfCarbonCredits`	$1.54M	USD	1 Quarter
Payments on contractual obligations-carbon credits	`PaymentsOnContractualObligationsOfCarbonCredits`	$1.25M	USD	1 Quarter
Other assets	`PaymentsForProceedsFromOtherInvestingActivities`	$-17.00K	USD	1 Quarter
Other assets	`PaymentsForProceedsFromOtherInvestingActivities`	$109.00K	USD	1 Quarter
Net cash provided (used) by continuing investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-39.84M	USD	1 Quarter
Net cash provided (used) by continuing investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$5.11M	USD	1 Quarter
Proceeds from long-term debt, net of fees	`ProceedsFromIssuanceOfLongTermDebt`	$34.83M	USD	1 Quarter
Payments on long-term debt	`RepaymentsOfLongTermDebt`	$1.74M	USD	1 Quarter
Payments on long-term debt	`RepaymentsOfLongTermDebt`	$2.32M	USD	1 Quarter
Payments on short-term financing	`RepaymentsOfShortTermDebt`	$4.07M	USD	1 Quarter
Payments on short-term financing	`RepaymentsOfShortTermDebt`	$2.78M	USD	1 Quarter
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$78.00K	USD	1 Quarter
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$249.00K	USD	1 Quarter
Excess income tax benefit associated with stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$110.00K	USD	1 Quarter
Excess income tax benefit associated with stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$300.00K	USD	1 Quarter
Dividends paid on preferred stocks	`PaymentsOfDividendsPreferredStockAndPreferenceStock`	$300.00K	USD	1 Quarter
Net cash provided (used) by continuing financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-6.32M	USD	1 Quarter
Net cash provided (used) by continuing financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$30.66M	USD	1 Quarter
Operating cash flows	`CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations`	$-52.00K	USD	1 Quarter
Operating cash flows	`CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations`	$-65.00K	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$19.03M	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-29.35M	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$162.78M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$98.02M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$143.75M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$68.67M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$162.78M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$98.02M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$143.75M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$68.67M	USD	Point-in-time

Stockholders Equity 11 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$411.71M	USD	Point-in-time
Balance	`StockholdersEquity`	$423.87M	USD	Point-in-time
Net income	`NetIncomeLoss`	$-68.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$11.64M	USD	1 Quarter
Dividends paid on preferred stocks	`DividendsPreferredStockCash`	$300.00K	USD	1 Quarter
Dividends paid on preferred stocks	`DividendsPreferredStockCash`	$300.00K	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$433.00K	USD	1 Quarter
Exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$78.00K	USD	1 Quarter
Excess income tax benefit associated with stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalTaxEffectFromShareBasedCompensation`	$300.00K	USD	1 Quarter
Balance	`StockholdersEquity`	$411.71M	USD	Point-in-time
Balance	`StockholdersEquity`	$423.87M	USD	Point-in-time

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