10-Q Filing

UNITED STATES LIME & MINERALS INC CIK: 82020 Q2 2016

Filing Information

Form Type	10-Q
Accession Number	`0001558370-16-006955`
Period End Date	20160630
Filing Date	20160729
Fiscal Year	2016
Fiscal Period	Q2
XBRL Instance	uslm-20160630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 46 Income Statement 72 Cash Flow Statement 54 Comprehensive Income 18

Balance Sheet 46 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$59.93M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$58.33M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$62.96M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$47.77M	USD	Point-in-time
Trade receivables, net	`AccountsReceivableNetCurrent`	$15.89M	USD	Point-in-time
Trade receivables, net	`AccountsReceivableNetCurrent`	$17.41M	USD	Point-in-time
Inventories, net	`InventoryNet`	$13.49M	USD	Point-in-time
Inventories, net	`InventoryNet`	$14.73M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$869.00K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$1.42M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$94.72M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$91.96M	USD	Point-in-time
Property, plant and equipment	`PropertyPlantAndEquipmentGross`	$277.46M	USD	Point-in-time
Property, plant and equipment	`PropertyPlantAndEquipmentGross`	$271.69M	USD	Point-in-time
Less accumulated depreciation and depletion	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$167.31M	USD	Point-in-time
Less accumulated depreciation and depletion	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$174.14M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$104.38M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$103.33M	USD	Point-in-time
Other assets, net	`OtherAssetsNoncurrent`	$151.00K	USD	Point-in-time
Other assets, net	`OtherAssetsNoncurrent`	$160.00K	USD	Point-in-time
Total assets	`Assets`	$198.20M	USD	Point-in-time
Total assets	`Assets`	$196.50M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$6.02M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$3.92M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$2.31M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$2.72M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$6.22M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$8.74M	USD	Point-in-time
Deferred tax liabilities, net	`DeferredTaxLiabilitiesNoncurrent`	$19.18M	USD	Point-in-time
Deferred tax liabilities, net	`DeferredTaxLiabilitiesNoncurrent`	$19.28M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$1.95M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$1.89M	USD	Point-in-time
Total liabilities	`Liabilities`	$27.39M	USD	Point-in-time
Total liabilities	`Liabilities`	$29.87M	USD	Point-in-time
Common stock	`CommonStockValue`	$656.00K	USD	Point-in-time
Common stock	`CommonStockValue`	$655.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$21.64M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$22.28M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$201.16M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$194.80M	USD	Point-in-time
Less treasury stock, at cost	`TreasuryStockValue`	$50.47M	USD	Point-in-time
Less treasury stock, at cost	`TreasuryStockValue`	$53.29M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$166.63M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$170.81M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$196.50M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$198.20M	USD	Point-in-time

Income Statement 72 line items

Line Item	Tag	Value	Unit	Period
Lime and limestone operations	`RevenueMineralSales`	$31.78M	USD	1 Quarter
Lime and limestone operations	`RevenueMineralSales`	$61.14M	USD	2 Qtrs
Lime and limestone operations	`RevenueMineralSales`	$32.38M	USD	1 Quarter
Lime and limestone operations	`RevenueMineralSales`	$65.53M	USD	2 Qtrs
Natural gas interests	`OilAndGasRevenue`	$1.37M	USD	2 Qtrs
Natural gas interests	`OilAndGasRevenue`	$671.00K	USD	1 Quarter
Natural gas interests	`OilAndGasRevenue`	$936.00K	USD	2 Qtrs
Natural gas interests	`OilAndGasRevenue`	$504.00K	USD	1 Quarter
Total revenues	`SalesRevenueNet`	$32.45M	USD	1 Quarter
Total revenues	`SalesRevenueNet`	$32.88M	USD	1 Quarter
Total revenues	`SalesRevenueNet`	$66.47M	USD	2 Qtrs
Total revenues	`SalesRevenueNet`	$62.51M	USD	2 Qtrs
Labor and other operating expenses	`LaborAndOtherOperatingExpenses`	$41.87M	USD	2 Qtrs
Labor and other operating expenses	`LaborAndOtherOperatingExpenses`	$21.55M	USD	1 Quarter
Labor and other operating expenses	`LaborAndOtherOperatingExpenses`	$21.71M	USD	1 Quarter
Labor and other operating expenses	`LaborAndOtherOperatingExpenses`	$43.54M	USD	2 Qtrs
Depreciation, depletion and amortization	`CostOfGoodsSoldDepreciationDepletionAndAmortization`	$3.88M	USD	1 Quarter
Depreciation, depletion and amortization	`CostOfGoodsSoldDepreciationDepletionAndAmortization`	$7.84M	USD	2 Qtrs
Depreciation, depletion and amortization	`CostOfGoodsSoldDepreciationDepletionAndAmortization`	$7.77M	USD	2 Qtrs
Depreciation, depletion and amortization	`CostOfGoodsSoldDepreciationDepletionAndAmortization`	$3.93M	USD	1 Quarter
Total cost of revenues	`CostOfGoodsAndServicesSold`	$25.44M	USD	1 Quarter
Total cost of revenues	`CostOfGoodsAndServicesSold`	$25.64M	USD	1 Quarter
Total cost of revenues	`CostOfGoodsAndServicesSold`	$51.38M	USD	2 Qtrs
Total cost of revenues	`CostOfGoodsAndServicesSold`	$49.64M	USD	2 Qtrs
Gross profit	`GrossProfit`	$15.09M	USD	2 Qtrs
Gross profit	`GrossProfit`	$7.01M	USD	1 Quarter
Gross profit	`GrossProfit`	$7.24M	USD	1 Quarter
Gross profit	`GrossProfit`	$12.88M	USD	2 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$4.80M	USD	2 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$2.40M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$2.33M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$4.73M	USD	2 Qtrs
Operating profit	`OperatingIncomeLoss`	$4.91M	USD	1 Quarter
Operating profit	`OperatingIncomeLoss`	$10.36M	USD	2 Qtrs
Operating profit	`OperatingIncomeLoss`	$4.61M	USD	1 Quarter
Operating profit	`OperatingIncomeLoss`	$8.08M	USD	2 Qtrs
Interest expense	`InterestExpense`	$912.00K	USD	2 Qtrs
Interest expense	`InterestExpense`	$122.00K	USD	2 Qtrs
Interest expense	`InterestExpense`	$590.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$63.00K	USD	1 Quarter
Other (income) expense, net	`OtherNonoperatingIncomeExpense`	$-705.00K	USD	2 Qtrs
Other (income) expense, net	`OtherNonoperatingIncomeExpense`	$123.00K	USD	2 Qtrs
Other (income) expense, net	`OtherNonoperatingIncomeExpense`	$-712.00K	USD	1 Quarter
Other (income) expense, net	`OtherNonoperatingIncomeExpense`	$80.00K	USD	1 Quarter
Total other expense (income)	`NonoperatingIncomeExpense`	$1.00K	USD	2 Qtrs
Total other expense (income)	`NonoperatingIncomeExpense`	$-1.62M	USD	2 Qtrs
Total other expense (income)	`NonoperatingIncomeExpense`	$17.00K	USD	1 Quarter
Total other expense (income)	`NonoperatingIncomeExpense`	$-1.30M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$3.31M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$4.93M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$10.36M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$6.46M	USD	2 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$2.61M	USD	2 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$1.54M	USD	2 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$1.24M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$752.00K	USD	1 Quarter
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$2.56M	USD	1 Quarter
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$3.69M	USD	1 Quarter
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$4.92M	USD	2 Qtrs
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$7.75M	USD	2 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.88	USD	2 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.46	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.66	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$1.39	USD	2 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$1.39	USD	2 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.66	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.88	USD	2 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.46	USD	1 Quarter
Cash dividends per share of common stock (in dollars per share)	`CommonStockDividendsPerShareCashPaid`	$0.12	USD	1 Quarter
Cash dividends per share of common stock (in dollars per share)	`CommonStockDividendsPerShareCashPaid`	$0.25	USD	2 Qtrs
Cash dividends per share of common stock (in dollars per share)	`CommonStockDividendsPerShareCashPaid`	$0.25	USD	2 Qtrs
Cash dividends 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`	$2.56M	USD	1 Quarter
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$3.69M	USD	1 Quarter
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$4.92M	USD	2 Qtrs
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$7.75M	USD	2 Qtrs
Depreciation, depletion and amortization	`DepreciationDepletionAndAmortization`	$7.98M	USD	2 Qtrs
Depreciation, depletion and amortization	`DepreciationDepletionAndAmortization`	$7.88M	USD	2 Qtrs
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$6.00K	USD	2 Qtrs
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$23.00K	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$-228.00K	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$96.00K	USD	2 Qtrs
Loss (gain) on sale of property, plant and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-111.00K	USD	2 Qtrs
Loss (gain) on sale of property, plant and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$31.00K	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$485.00K	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$575.00K	USD	2 Qtrs
Trade receivables, net	`IncreaseDecreaseInAccountsReceivable`	$-717.00K	USD	2 Qtrs
Trade receivables, net	`IncreaseDecreaseInAccountsReceivable`	$1.52M	USD	2 Qtrs
Inventories, net	`IncreaseDecreaseInInventories`	$201.00K	USD	2 Qtrs
Inventories, net	`IncreaseDecreaseInInventories`	$-1.24M	USD	2 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-549.00K	USD	2 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-1.20M	USD	2 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-3.00K	USD	2 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$18.00K	USD	2 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-1.62M	USD	2 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-1.61M	USD	2 Qtrs
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-100.00K	USD	2 Qtrs
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$630.00K	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$13.78M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$14.92M	USD	2 Qtrs
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$7.90M	USD	2 Qtrs
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$6.31M	USD	2 Qtrs
Proceeds from sale of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$199.00K	USD	2 Qtrs
Proceeds from sale of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$70.00K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-6.11M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-7.83M	USD	2 Qtrs
Repayment of term loans	`RepaymentsOfLongTermDebt`	$16.67M	USD	2 Qtrs
Cash dividends paid	`PaymentsOfDividendsCommonStock`	$700.00K	USD	Point-in-time
Cash dividends paid	`PaymentsOfDividendsCommonStock`	$1.40M	USD	2 Qtrs
Cash dividends paid	`PaymentsOfDividendsCommonStock`	$1.39M	USD	2 Qtrs
Cash dividends paid	`PaymentsOfDividendsCommonStock`	$700.00K	USD	Point-in-time
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$154.00K	USD	2 Qtrs
Purchase of treasury shares	`PaymentsForRepurchaseOfCommonStock`	$2.82M	USD	2 Qtrs
Purchase of treasury shares	`PaymentsForRepurchaseOfCommonStock`	$158.00K	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-18.22M	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-4.05M	USD	2 Qtrs
Net increase (decrease) in cash and cash equivalents	`NetCashProvidedByUsedInContinuingOperations`	$3.03M	USD	2 Qtrs
Net increase (decrease) in cash and cash equivalents	`NetCashProvidedByUsedInContinuingOperations`	$-10.56M	USD	2 Qtrs
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$59.93M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$58.33M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$62.96M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$47.77M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$59.93M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$58.33M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$62.96M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$47.77M	USD	Point-in-time

Comprehensive Income 18 line items

Line Item	Tag	Value	Unit	Period
Mark to market of interest rate hedges, tax expense	`OtherComprehensiveIncomeDerivativesQualifyingAsHedgesTaxPortionAttributableToParent`	$176.00K	USD	1 Quarter
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$2.56M	USD	1 Quarter
Mark to market of interest rate hedges, tax expense	`OtherComprehensiveIncomeDerivativesQualifyingAsHedgesTaxPortionAttributableToParent`	$241.00K	USD	2 Qtrs
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$3.69M	USD	1 Quarter
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$4.92M	USD	2 Qtrs
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$7.75M	USD	2 Qtrs
Minimum pension liability adjustments, tax expense (benefit)	`OtherComprehensiveIncomeDefinedBenefitPlansTaxPortionAttributableToParent`	$344.00K	USD	1 Quarter
Minimum pension liability adjustments, tax expense (benefit)	`OtherComprehensiveIncomeDefinedBenefitPlansTaxPortionAttributableToParent`	$344.00K	USD	2 Qtrs
Mark to market of interest rate hedges, net of tax expenses of $176 and $241 for the three- and six-month periods 2015, respectively	`OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPortionAttributableToParent`	$309.00K	USD	1 Quarter
Mark to market of interest rate hedges, net of tax expenses of $176 and $241 for the three- and six-month periods 2015, respectively	`OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPortionAttributableToParent`	$422.00K	USD	2 Qtrs
Minimum pension liability adjustments, net of tax expense of $344 for each of the three- and six-month periods 2015	`OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent`	$-602.00K	USD	2 Qtrs
Minimum pension liability adjustments, net of tax expense of $344 for each of the three- and six-month periods 2015	`OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent`	$-602.00K	USD	1 Quarter
Total other comprehensive income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$1.02M	USD	2 Qtrs
Total other comprehensive income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$911.00K	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$5.95M	USD	2 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$3.47M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$3.69M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$7.75M	USD	2 Qtrs

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