10-Q Filing

UNITED STATES LIME & MINERALS INC CIK: 82020 Q2 2017

Filing Information

Form Type	10-Q
Accession Number	`0001558370-17-005494`
Period End Date	20170630
Filing Date	20170731
Fiscal Year	2017
Fiscal Period	Q2
XBRL Instance	uslm-20170630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 48 Income Statement 72 Cash Flow Statement 54 Comprehensive Income 16

Balance Sheet 48 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$59.93M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$81.59M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$62.96M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$74.71M	USD	Point-in-time
Trade receivables, net	`AccountsReceivableNetCurrent`	$16.78M	USD	Point-in-time
Trade receivables, net	`AccountsReceivableNetCurrent`	$18.89M	USD	Point-in-time
Inventories, net	`InventoryNet`	$11.35M	USD	Point-in-time
Inventories, net	`InventoryNet`	$12.43M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$1.11M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$1.18M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$113.00M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$105.04M	USD	Point-in-time
Property, plant and equipment	`PropertyPlantAndEquipmentGross`	$285.59M	USD	Point-in-time
Property, plant and equipment	`PropertyPlantAndEquipmentGross`	$292.55M	USD	Point-in-time
Less accumulated depreciation and depletion	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$186.19M	USD	Point-in-time
Less accumulated depreciation and depletion	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$180.61M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$104.98M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$106.36M	USD	Point-in-time
Other assets, net	`OtherAssetsNoncurrent`	$142.00K	USD	Point-in-time
Other assets, net	`OtherAssetsNoncurrent`	$145.00K	USD	Point-in-time
Total assets	`Assets`	$210.16M	USD	Point-in-time
Total assets	`Assets`	$219.51M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$5.62M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$5.59M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$4.54M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$3.52M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$9.11M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$10.16M	USD	Point-in-time
Deferred tax liabilities, net	`DeferredTaxLiabilitiesNoncurrent`	$19.00M	USD	Point-in-time
Deferred tax liabilities, net	`DeferredTaxLiabilitiesNoncurrent`	$19.83M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$1.51M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$1.58M	USD	Point-in-time
Total liabilities	`Liabilities`	$30.67M	USD	Point-in-time
Total liabilities	`Liabilities`	$30.52M	USD	Point-in-time
Common stock	`CommonStockValue`	$657.00K	USD	Point-in-time
Common stock	`CommonStockValue`	$657.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$23.56M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$22.83M	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-223.00K	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$56.00K	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$218.16M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$209.77M	USD	Point-in-time
Less treasury stock, at cost	`TreasuryStockCommonValue`	$53.59M	USD	Point-in-time
Less treasury stock, at cost	`TreasuryStockCommonValue`	$53.40M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$188.84M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$179.64M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$210.16M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$219.51M	USD	Point-in-time

Income Statement 72 line items

Line Item	Tag	Value	Unit	Period
Lime and limestone operations	`RevenueMineralSales`	$32.38M	USD	1 Quarter
Lime and limestone operations	`RevenueMineralSales`	$65.53M	USD	2 Qtrs
Lime and limestone operations	`RevenueMineralSales`	$35.97M	USD	1 Quarter
Lime and limestone operations	`RevenueMineralSales`	$71.48M	USD	2 Qtrs
Natural gas interests	`OilAndGasRevenue`	$504.00K	USD	1 Quarter
Natural gas interests	`OilAndGasRevenue`	$1.19M	USD	2 Qtrs
Natural gas interests	`OilAndGasRevenue`	$936.00K	USD	2 Qtrs
Natural gas interests	`OilAndGasRevenue`	$553.00K	USD	1 Quarter
Total revenues	`SalesRevenueNet`	$66.47M	USD	2 Qtrs
Total revenues	`SalesRevenueNet`	$36.52M	USD	1 Quarter
Total revenues	`SalesRevenueNet`	$72.67M	USD	2 Qtrs
Total revenues	`SalesRevenueNet`	$32.88M	USD	1 Quarter
Labor and other operating expenses	`LaborAndOtherOperatingExpenses`	$23.63M	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
Labor and other operating expenses	`LaborAndOtherOperatingExpenses`	$47.30M	USD	2 Qtrs
Depreciation, depletion and amortization	`CostOfGoodsSoldDepreciationDepletionAndAmortization`	$8.29M	USD	2 Qtrs
Depreciation, depletion and amortization	`CostOfGoodsSoldDepreciationDepletionAndAmortization`	$4.05M	USD	1 Quarter
Depreciation, depletion and amortization	`CostOfGoodsSoldDepreciationDepletionAndAmortization`	$7.84M	USD	2 Qtrs
Depreciation, depletion and amortization	`CostOfGoodsSoldDepreciationDepletionAndAmortization`	$3.93M	USD	1 Quarter
Total cost of revenues	`CostOfGoodsAndServicesSold`	$55.59M	USD	2 Qtrs
Total cost of revenues	`CostOfGoodsAndServicesSold`	$25.64M	USD	1 Quarter
Total cost of revenues	`CostOfGoodsAndServicesSold`	$27.68M	USD	1 Quarter
Total cost of revenues	`CostOfGoodsAndServicesSold`	$51.38M	USD	2 Qtrs
Gross profit	`GrossProfit`	$15.09M	USD	2 Qtrs
Gross profit	`GrossProfit`	$7.24M	USD	1 Quarter
Gross profit	`GrossProfit`	$17.08M	USD	2 Qtrs
Gross profit	`GrossProfit`	$8.84M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$4.94M	USD	2 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$4.73M	USD	2 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$2.33M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$2.52M	USD	1 Quarter
Operating profit	`OperatingIncomeLoss`	$10.36M	USD	2 Qtrs
Operating profit	`OperatingIncomeLoss`	$4.91M	USD	1 Quarter
Operating profit	`OperatingIncomeLoss`	$12.14M	USD	2 Qtrs
Operating profit	`OperatingIncomeLoss`	$6.32M	USD	1 Quarter
Interest expense	`InterestExpense`	$63.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$122.00K	USD	2 Qtrs
Interest expense	`InterestExpense`	$118.00K	USD	2 Qtrs
Interest expense	`InterestExpense`	$59.00K	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$225.00K	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$80.00K	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$123.00K	USD	2 Qtrs
Other income, net	`OtherNonoperatingIncomeExpense`	$404.00K	USD	2 Qtrs
Total other expense (income)	`NonoperatingIncomeExpense`	$1.00K	USD	2 Qtrs
Total other expense (income)	`NonoperatingIncomeExpense`	$166.00K	USD	1 Quarter
Total other expense (income)	`NonoperatingIncomeExpense`	$286.00K	USD	2 Qtrs
Total other expense (income)	`NonoperatingIncomeExpense`	$17.00K	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$10.36M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$4.93M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$6.49M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$12.42M	USD	2 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$1.24M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$2.53M	USD	2 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$1.21M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$2.61M	USD	2 Qtrs
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$9.90M	USD	2 Qtrs
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$7.75M	USD	2 Qtrs
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$3.69M	USD	1 Quarter
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$5.28M	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.66	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$1.77	USD	2 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$1.39	USD	2 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.95	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$1.39	USD	2 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.94	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.66	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$1.77	USD	2 Qtrs
Cash dividends per share of common stock (in dollars per share)	`CommonStockDividendsPerShareCashPaid`	$0.14	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`	$0.27	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`	$9.90M	USD	2 Qtrs
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$7.75M	USD	2 Qtrs
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$3.69M	USD	1 Quarter
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$5.28M	USD	1 Quarter
Depreciation, depletion and amortization	`DepreciationDepletionAndAmortization`	$7.98M	USD	2 Qtrs
Depreciation, depletion and amortization	`DepreciationDepletionAndAmortization`	$8.39M	USD	2 Qtrs
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$6.00K	USD	2 Qtrs
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$7.00K	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$-852.00K	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$96.00K	USD	2 Qtrs
Loss on disposition of property, plant and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-31.00K	USD	2 Qtrs
Loss on disposition of property, plant and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-28.00K	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$485.00K	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$655.00K	USD	2 Qtrs
Trade receivables, net	`IncreaseDecreaseInAccountsReceivable`	$2.11M	USD	2 Qtrs
Trade receivables, net	`IncreaseDecreaseInAccountsReceivable`	$1.52M	USD	2 Qtrs
Inventories, net	`IncreaseDecreaseInInventories`	$-737.00K	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`	$70.00K	USD	2 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-3.00K	USD	2 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$2.00K	USD	2 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-267.00K	USD	2 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-1.61M	USD	2 Qtrs
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$227.00K	USD	2 Qtrs
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-100.00K	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$16.65M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$14.92M	USD	2 Qtrs
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$7.90M	USD	2 Qtrs
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$8.59M	USD	2 Qtrs
Proceeds from sale of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$443.00K	USD	2 Qtrs
Proceeds from sale of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$70.00K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-8.14M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-7.83M	USD	2 Qtrs
Cash dividends paid	`PaymentsOfDividendsCommonStock`	$800.00K	USD	Point-in-time
Cash dividends paid	`PaymentsOfDividendsCommonStock`	$1.51M	USD	2 Qtrs
Cash dividends paid	`PaymentsOfDividendsCommonStock`	$800.00K	USD	Point-in-time
Cash dividends paid	`PaymentsOfDividendsCommonStock`	$1.39M	USD	2 Qtrs
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$72.00K	USD	2 Qtrs
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$154.00K	USD	2 Qtrs
Purchase of treasury shares	`PaymentsForRepurchaseOfCommonStock`	$193.00K	USD	2 Qtrs
Purchase of treasury shares	`PaymentsForRepurchaseOfCommonStock`	$2.82M	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-1.63M	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-4.05M	USD	2 Qtrs
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$6.88M	USD	2 Qtrs
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$3.03M	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`	$81.59M	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`	$74.71M	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`	$81.59M	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`	$74.71M	USD	Point-in-time

Comprehensive Income 16 line items

Line Item	Tag	Value	Unit	Period
Mark to market on foreign exchange hedges, tax expense	`OtherComprehensiveIncomeForeignCurrencyTranslationAdjustmentTaxPortionAttributableToParent`	$143.00K	USD	1 Quarter
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$9.90M	USD	2 Qtrs
Mark to market on foreign exchange hedges, tax expense	`OtherComprehensiveIncomeForeignCurrencyTranslationAdjustmentTaxPortionAttributableToParent`	$161.00K	USD	2 Qtrs
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$7.75M	USD	2 Qtrs
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$3.69M	USD	1 Quarter
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$5.28M	USD	1 Quarter
Mark to market of foreign exchange hedges, net of tax expense of $143 and $161 for the three months and six months ended June 30, 2017, respectively	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$248.00K	USD	1 Quarter
Mark to market of foreign exchange hedges, net of tax expense of $143 and $161 for the three months and six months ended June 30, 2017, respectively	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	-	USD	1 Quarter
Mark to market of foreign exchange hedges, net of tax expense of $143 and $161 for the three months and six months ended June 30, 2017, respectively	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$279.00K	USD	2 Qtrs
Mark to market of foreign exchange hedges, net of tax expense of $143 and $161 for the three months and six months ended June 30, 2017, respectively	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	-	USD	2 Qtrs
Total other comprehensive income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$248.00K	USD	1 Quarter
Total other comprehensive income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$279.00K	USD	2 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$10.18M	USD	2 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$3.69M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$7.75M	USD	2 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$5.53M	USD	1 Quarter

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