10-Q Filing

LSB INDUSTRIES, INC. CIK: 60714 Q1 2015

Filing Information

Form Type	10-Q
Accession Number	`0001193125-15-177467`
Period End Date	20150331
Filing Date	20150508
Fiscal Year	2015
Fiscal Period	Q1
XBRL Instance	lxu-20150331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 85 Income Statement 42 Cash Flow Statement 66 Stockholders Equity 12

Balance Sheet 85 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$186.81M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$162.78M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$161.56M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$143.75M	USD	Point-in-time
Restricted cash and cash equivalents	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$365.00K	USD	Point-in-time
Restricted cash and cash equivalents	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$396.00K	USD	Point-in-time
Short-term investments	`OtherShortTermInvestments`	$14.50M	USD	Point-in-time
Short-term investments	`OtherShortTermInvestments`	$24.50M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.10	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$88.07M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.10	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$90.40M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	75.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	75.00M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	26.97M	shares	Point-in-time
Finished goods	`InventoryFinishedGoodsNetOfReserves`	$28.22M	USD	Point-in-time
Finished goods	`InventoryFinishedGoodsNetOfReserves`	$27.56M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	27.04M	shares	Point-in-time
Work in progress	`InventoryWorkInProcess`	$3.06M	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
Work in progress	`InventoryWorkInProcess`	$2.76M	USD	Point-in-time
Raw materials	`InventoryRawMaterials`	$25.61M	USD	Point-in-time
Raw materials	`InventoryRawMaterials`	$29.08M	USD	Point-in-time
Total inventories	`InventoryNet`	$59.70M	USD	Point-in-time
Total inventories	`InventoryNet`	$56.59M	USD	Point-in-time
Prepaid insurance	`PrepaidInsurance`	$10.01M	USD	Point-in-time
Prepaid insurance	`PrepaidInsurance`	$13.75M	USD	Point-in-time
Precious metals	`PreciousMetals`	$12.84M	USD	Point-in-time
Precious metals	`PreciousMetals`	$11.54M	USD	Point-in-time
Supplies	`Supplies`	$16.43M	USD	Point-in-time
Supplies	`Supplies`	$15.93M	USD	Point-in-time
Prepaid and refundable income taxes	`PrepaidTaxes`	$2.75M	USD	Point-in-time
Prepaid and refundable income taxes	`PrepaidTaxes`	$7.39M	USD	Point-in-time
Other	`OtherPrepaidExpenseCurrent`	$5.44M	USD	Point-in-time
Other	`OtherPrepaidExpenseCurrent`	$5.24M	USD	Point-in-time
Total supplies, prepaid items and other	`SuppliesPrepaidItemsAndOther`	$45.97M	USD	Point-in-time
Total supplies, prepaid items and other	`SuppliesPrepaidItemsAndOther`	$55.34M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$17.20M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$16.93M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$399.46M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$418.88M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$619.21M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$687.05M	USD	Point-in-time
Noncurrent restricted cash and cash equivalents	`RestrictedCashAndCashEquivalentsNoncurrent`	$45.97M	USD	Point-in-time
Noncurrent restricted investments	`RestrictedCashAndInvestmentsNoncurrent`	$25.00M	USD	Point-in-time
Noncurrent restricted investments	`RestrictedCashAndInvestmentsNoncurrent`	$25.00M	USD	Point-in-time
Other, net	`OtherAssetsNoncurrent`	$29.07M	USD	Point-in-time
Other, net	`OtherAssetsNoncurrent`	$27.95M	USD	Point-in-time
Total other assets	`OtherAssets`	$54.07M	USD	Point-in-time
Total other assets	`OtherAssets`	$98.92M	USD	Point-in-time
Total assets	`Assets`	$1.14B	USD	Point-in-time
Total assets	`Assets`	$1.14B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$92.54M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$81.46M	USD	Point-in-time
Short-term financing	`ShortTermBorrowings`	$8.39M	USD	Point-in-time
Short-term financing	`ShortTermBorrowings`	$11.96M	USD	Point-in-time
Accrued and other liabilities	`OtherLiabilitiesCurrent`	$37.70M	USD	Point-in-time
Accrued and other liabilities	`OtherLiabilitiesCurrent`	$51.17M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$10.68M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$25.50M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$155.26M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$164.13M	USD	Point-in-time
Long-term debt	`LongTermDebtAndCapitalLeaseObligations`	$446.64M	USD	Point-in-time
Long-term debt	`LongTermDebtAndCapitalLeaseObligations`	$430.24M	USD	Point-in-time
Noncurrent accrued and other liabilities	`OtherLiabilitiesNoncurrent`	$18.23M	USD	Point-in-time
Noncurrent accrued and other liabilities	`OtherLiabilitiesNoncurrent`	$17.93M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$83.13M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$86.03M	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, 27,044,903 shares issued (26,968,212 shares at December 31, 2014)	`CommonStockValue`	$2.70M	USD	Point-in-time
Common stock, $.10 par value; 75,000,000 shares authorized, 27,044,903 shares issued (26,968,212 shares at December 31, 2014)	`CommonStockValue`	$2.70M	USD	Point-in-time
Capital in excess of par value	`AdditionalPaidInCapital`	$172.07M	USD	Point-in-time
Capital in excess of par value	`AdditionalPaidInCapital`	$170.54M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$286.19M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$292.54M	USD	Point-in-time
Stockholders equity including treasury stock	`StockholdersEquityBeforeTreasuryStock`	$462.42M	USD	Point-in-time
Stockholders equity including treasury stock	`StockholdersEquityBeforeTreasuryStock`	$470.31M	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`	$441.94M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$434.05M	USD	Point-in-time
Total Liabilities and Stockholders' equity	`LiabilitiesAndStockholdersEquity`	$1.14B	USD	Point-in-time
Total Liabilities and Stockholders' equity	`LiabilitiesAndStockholdersEquity`	$1.14B	USD	Point-in-time

Income Statement 42 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueNet`	$178.53M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$193.86M	USD	1 Quarter
Cost of sales	`CostOfRevenue`	$151.50M	USD	1 Quarter
Cost of sales	`CostOfRevenue`	$129.80M	USD	1 Quarter
Gross profit	`GrossProfit`	$42.36M	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`	$28.19M	USD	1 Quarter
Provision for (recovery of) losses on accounts receivable	`AllowanceForDoubtfulAccountsReceivablePeriodIncreaseDecrease`	$-22.00K	USD	1 Quarter
Provision for (recovery of) losses on accounts receivable	`AllowanceForDoubtfulAccountsReceivablePeriodIncreaseDecrease`	$159.00K	USD	1 Quarter
Property insurance recoveries in excess of losses incurred	`PropertyInsuranceRecoveriesInExcessOfLossesIncurred`	$5.15M	USD	1 Quarter
Other expense (income), net	`OtherOperatingIncomeExpenseNet`	$-509.00K	USD	1 Quarter
Other expense (income), net	`OtherOperatingIncomeExpenseNet`	$77.00K	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$14.22M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$25.86M	USD	1 Quarter
Interest expense, net	`InterestExpense`	$6.71M	USD	1 Quarter
Interest expense, net	`InterestExpense`	$3.40M	USD	1 Quarter
Non-operating other income, net	`OtherNonoperatingIncomeExpense`	$35.00K	USD	1 Quarter
Non-operating other income, net	`OtherNonoperatingIncomeExpense`	$77.00K	USD	1 Quarter
Income from continuing operations before provisions for income taxes and equity in earnings of affiliate	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$19.23M	USD	1 Quarter
Income from continuing operations before provisions for income taxes and equity in earnings of affiliate	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$10.86M	USD	1 Quarter
Provisions for income taxes	`IncomeTaxExpenseBenefit`	$4.18M	USD	1 Quarter
Provisions for income taxes	`IncomeTaxExpenseBenefit`	$7.65M	USD	1 Quarter
Equity in earnings of affiliate	`IncomeLossFromEquityMethodInvestments`	$67.00K	USD	1 Quarter
Income from continuing operations	`IncomeLossFromContinuingOperations`	$6.68M	USD	1 Quarter
Income from continuing operations	`IncomeLossFromContinuingOperations`	$11.64M	USD	1 Quarter
Net loss from discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity`	$-2.00K	USD	1 Quarter
Net loss from discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity`	$-30.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$6.65M	USD	1 Quarter
Net income	`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 applicable to common stock	`NetIncomeLossAvailableToCommonStockholdersBasic`	$11.34M	USD	1 Quarter
Net income applicable to common stock	`NetIncomeLossAvailableToCommonStockholdersBasic`	$6.35M	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	22.53M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	22.67M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	23.64M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	23.05M	shares	1 Quarter
Basic	`EarningsPerShareBasic`	$0.28	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.50	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.49	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.28	USD	1 Quarter

Cash Flow Statement 66 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$6.65M	USD	1 Quarter
Net income	`NetIncomeLoss`	$11.64M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$3.18M	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`	$9.00M	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$111.00K	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$795.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$9.88M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$2.35M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$1.48M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-150.00K	USD	1 Quarter
Prepaid insurance	`IncreaseDecreaseInPrepaidInsurance`	$-3.77M	USD	1 Quarter
Prepaid insurance	`IncreaseDecreaseInPrepaidInsurance`	$-3.74M	USD	1 Quarter
Prepaid and accrued income taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$8.25M	USD	1 Quarter
Prepaid and accrued income taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$4.64M	USD	1 Quarter
Other supplies, prepaid items and other	`IncreaseDecreaseInOtherOperatingAssets`	$-3.54M	USD	1 Quarter
Other supplies, prepaid items and other	`IncreaseDecreaseInOtherOperatingAssets`	$-932.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$1.63M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$8.18M	USD	1 Quarter
Accrued interest	`IncreaseDecreaseInInterestPayableNet`	$-8.09M	USD	1 Quarter
Accrued interest	`IncreaseDecreaseInInterestPayableNet`	$-7.55M	USD	1 Quarter
Customer deposits	`IncreaseDecreaseInCustomerDeposits`	$-3.00M	USD	1 Quarter
Customer deposits	`IncreaseDecreaseInCustomerDeposits`	$-322.00K	USD	1 Quarter
Other current and noncurrent liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-5.51M	USD	1 Quarter
Other current and noncurrent liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-1.46M	USD	1 Quarter
Deferred gain on insurance recoveries	`IncreaseDecreaseDeferredGainOnInsuranceRecovery`	$-1.38M	USD	1 Quarter
Net cash provided by continuing operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$20.31M	USD	1 Quarter
Net cash provided by continuing operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$12.60M	USD	1 Quarter
Expenditures for property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$45.31M	USD	1 Quarter
Expenditures for property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$66.84M	USD	1 Quarter
Proceeds from property insurance recovery associated with property, plant and equipment	`ProceedsFromInsuranceSettlementInvestingActivities`	$5.15M	USD	1 Quarter
Purchases of short-term investments	`PaymentsToAcquireShortTermInvestments`	$10.00M	USD	1 Quarter
Proceeds from noncurrent restricted cash and cash equivalents	`DecreaseInRestrictedCash`	$45.97M	USD	1 Quarter
Deposits of current and noncurrent restricted cash and cash equivalents	`IncreaseInRestrictedCash`	$165.11M	USD	1 Quarter
Deposits of current and noncurrent restricted cash and cash equivalents	`IncreaseInRestrictedCash`	$31.00K	USD	1 Quarter
Proceeds from noncurrent restricted investments	`ProceedsFromSaleOfRestrictedInvestments`	$209.99M	USD	1 Quarter
Other investing activities	`PaymentsForProceedsFromOtherInvestingActivities`	$1.05M	USD	1 Quarter
Other investing activities	`PaymentsForProceedsFromOtherInvestingActivities`	$-386.00K	USD	1 Quarter
Net cash provided (used) by continuing investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-31.95M	USD	1 Quarter
Net cash provided (used) by continuing investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$5.11M	USD	1 Quarter
Payments on long-term debt	`RepaymentsOfLongTermDebt`	$2.88M	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`	$3.57M	USD	1 Quarter
Proceeds from exercises of stock options	`ProceedsFromStockOptionsExercised`	$78.00K	USD	1 Quarter
Proceeds from exercises of stock options	`ProceedsFromStockOptionsExercised`	$742.00K	USD	1 Quarter
Excess income tax benefit associated with stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$129.00K	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
Dividends paid on preferred stocks	`PaymentsOfDividendsPreferredStockAndPreferenceStock`	$300.00K	USD	1 Quarter
Net cash used by continuing financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-6.32M	USD	1 Quarter
Net cash used by continuing financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-5.88M	USD	1 Quarter
Operating cash flows	`CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations`	$-65.00K	USD	1 Quarter
Operating cash flows	`CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations`	$-32.00K	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-25.25M	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$19.03M	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$186.81M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$162.78M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$161.56M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$143.75M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$186.81M	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`	$161.56M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$143.75M	USD	Point-in-time

Stockholders Equity 12 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$441.94M	USD	Point-in-time
Balance	`StockholdersEquity`	$434.05M	USD	Point-in-time
Net income	`NetIncomeLoss`	$6.65M	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`	$619.00K	USD	1 Quarter
Exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$742.00K	USD	1 Quarter
Common stock issued for services	`StockIssuedDuringPeriodValueIssuedForServices`	$49.00K	USD	1 Quarter
Excess income tax benefit associated with stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalTaxEffectFromShareBasedCompensation`	$129.00K	USD	1 Quarter
Balance	`StockholdersEquity`	$441.94M	USD	Point-in-time
Balance	`StockholdersEquity`	$434.05M	USD	Point-in-time

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