10-Q Filing

UNITED STATES LIME & MINERALS INC CIK: 82020 Q3 2017

Filing Information

Form Type	10-Q
Accession Number	`0001558370-17-007626`
Period End Date	20170930
Filing Date	20171027
Fiscal Year	2017
Fiscal Period	Q3
XBRL Instance	uslm-20170930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 48 Income Statement 72 Cash Flow Statement 53 Comprehensive Income 16

Balance Sheet 48 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$74.71M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$59.93M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$82.25M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$68.94M	USD	Point-in-time
Trade receivables, net	`AccountsReceivableNetCurrent`	$18.24M	USD	Point-in-time
Trade receivables, net	`AccountsReceivableNetCurrent`	$16.78M	USD	Point-in-time
Inventories, net	`InventoryNet`	$12.53M	USD	Point-in-time
Inventories, net	`InventoryNet`	$12.43M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$1.58M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$1.11M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$114.59M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$105.04M	USD	Point-in-time
Property, plant and equipment	`PropertyPlantAndEquipmentGross`	$297.81M	USD	Point-in-time
Property, plant and equipment	`PropertyPlantAndEquipmentGross`	$285.59M	USD	Point-in-time
Less accumulated depreciation and depletion	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$190.22M	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`	$107.60M	USD	Point-in-time
Other assets, net	`OtherAssetsNoncurrent`	$142.00K	USD	Point-in-time
Other assets, net	`OtherAssetsNoncurrent`	$168.00K	USD	Point-in-time
Total assets	`Assets`	$210.16M	USD	Point-in-time
Total assets	`Assets`	$222.36M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$4.92M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$5.59M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$3.52M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$2.92M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$9.11M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$7.85M	USD	Point-in-time
Deferred tax liabilities, net	`DeferredTaxLiabilitiesNoncurrent`	$19.83M	USD	Point-in-time
Deferred tax liabilities, net	`DeferredTaxLiabilitiesNoncurrent`	$18.78M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$1.58M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$1.50M	USD	Point-in-time
Total liabilities	`Liabilities`	$28.13M	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`	$22.83M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$23.98M	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$114.00K	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-223.00K	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$209.77M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$223.08M	USD	Point-in-time
Less treasury stock, at cost	`TreasuryStockCommonValue`	$53.40M	USD	Point-in-time
Less treasury stock, at cost	`TreasuryStockCommonValue`	$53.59M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$179.64M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$194.23M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$210.16M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$222.36M	USD	Point-in-time

Income Statement 72 line items

Line Item	Tag	Value	Unit	Period
Lime and limestone operations	`RevenueMineralSales`	$103.63M	USD	3 Qtrs
Lime and limestone operations	`RevenueMineralSales`	$38.10M	USD	1 Quarter
Lime and limestone operations	`RevenueMineralSales`	$36.43M	USD	1 Quarter
Lime and limestone operations	`RevenueMineralSales`	$107.91M	USD	3 Qtrs
Natural gas interests	`OilAndGasRevenue`	$506.00K	USD	1 Quarter
Natural gas interests	`OilAndGasRevenue`	$1.70M	USD	3 Qtrs
Natural gas interests	`OilAndGasRevenue`	$1.49M	USD	3 Qtrs
Natural gas interests	`OilAndGasRevenue`	$554.00K	USD	1 Quarter
Total revenues	`SalesRevenueNet`	$36.93M	USD	1 Quarter
Total revenues	`SalesRevenueNet`	$38.65M	USD	1 Quarter
Total revenues	`SalesRevenueNet`	$109.61M	USD	3 Qtrs
Total revenues	`SalesRevenueNet`	$105.12M	USD	3 Qtrs
Labor and other operating expenses	`LaborAndOtherOperatingExpenses`	$70.45M	USD	3 Qtrs
Labor and other operating expenses	`LaborAndOtherOperatingExpenses`	$24.06M	USD	1 Quarter
Labor and other operating expenses	`LaborAndOtherOperatingExpenses`	$23.14M	USD	1 Quarter
Labor and other operating expenses	`LaborAndOtherOperatingExpenses`	$67.60M	USD	3 Qtrs
Depreciation, depletion and amortization	`CostOfGoodsSoldDepreciationDepletionAndAmortization`	$4.02M	USD	1 Quarter
Depreciation, depletion and amortization	`CostOfGoodsSoldDepreciationDepletionAndAmortization`	$12.53M	USD	3 Qtrs
Depreciation, depletion and amortization	`CostOfGoodsSoldDepreciationDepletionAndAmortization`	$4.24M	USD	1 Quarter
Depreciation, depletion and amortization	`CostOfGoodsSoldDepreciationDepletionAndAmortization`	$11.86M	USD	3 Qtrs
Total cost of revenues	`CostOfGoodsAndServicesSold`	$28.08M	USD	1 Quarter
Total cost of revenues	`CostOfGoodsAndServicesSold`	$82.98M	USD	3 Qtrs
Total cost of revenues	`CostOfGoodsAndServicesSold`	$27.38M	USD	1 Quarter
Total cost of revenues	`CostOfGoodsAndServicesSold`	$79.46M	USD	3 Qtrs
Gross profit	`GrossProfit`	$10.57M	USD	1 Quarter
Gross profit	`GrossProfit`	$25.66M	USD	3 Qtrs
Gross profit	`GrossProfit`	$9.55M	USD	1 Quarter
Gross profit	`GrossProfit`	$26.63M	USD	3 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$2.66M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$7.59M	USD	3 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$7.21M	USD	3 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$2.48M	USD	1 Quarter
Operating profit	`OperatingIncomeLoss`	$6.89M	USD	1 Quarter
Operating profit	`OperatingIncomeLoss`	$8.09M	USD	1 Quarter
Operating profit	`OperatingIncomeLoss`	$19.03M	USD	3 Qtrs
Operating profit	`OperatingIncomeLoss`	$18.45M	USD	3 Qtrs
Interest expense	`InterestExpense`	$174.00K	USD	3 Qtrs
Interest expense	`InterestExpense`	$63.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$185.00K	USD	3 Qtrs
Interest expense	`InterestExpense`	$56.00K	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$238.00K	USD	3 Qtrs
Other income, net	`OtherNonoperatingIncomeExpense`	$665.00K	USD	3 Qtrs
Other income, net	`OtherNonoperatingIncomeExpense`	$261.00K	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$115.00K	USD	1 Quarter
Total other expense (income)	`NonoperatingIncomeExpense`	$52.00K	USD	1 Quarter
Total other expense (income)	`NonoperatingIncomeExpense`	$53.00K	USD	3 Qtrs
Total other expense (income)	`NonoperatingIncomeExpense`	$205.00K	USD	1 Quarter
Total other expense (income)	`NonoperatingIncomeExpense`	$491.00K	USD	3 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$7.10M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$19.52M	USD	3 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$18.50M	USD	3 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$8.14M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$4.66M	USD	3 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$1.43M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$2.06M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$3.96M	USD	3 Qtrs
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$15.56M	USD	3 Qtrs
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$6.08M	USD	1 Quarter
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$5.67M	USD	1 Quarter
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$13.83M	USD	3 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$2.79	USD	3 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$1.02	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$1.09	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$2.48	USD	3 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$2.48	USD	3 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$1.01	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$2.79	USD	3 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$1.09	USD	1 Quarter
Cash dividends per share of common stock (in dollars per share)	`CommonStockDividendsPerShareCashPaid`	$0.41	USD	3 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`	$0.12	USD	1 Quarter
Cash dividends per share of common stock (in dollars per share)	`CommonStockDividendsPerShareCashPaid`	$0.38	USD	3 Qtrs

Cash Flow Statement 53 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$13.83M	USD	3 Qtrs
Net income	`ProfitLoss`	$15.56M	USD	3 Qtrs
Depreciation, depletion and amortization	`DepreciationDepletionAndAmortization`	$12.03M	USD	3 Qtrs
Depreciation, depletion and amortization	`DepreciationDepletionAndAmortization`	$12.71M	USD	3 Qtrs
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$11.00K	USD	3 Qtrs
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$11.00K	USD	3 Qtrs
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$-1.24M	USD	3 Qtrs
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$311.00K	USD	3 Qtrs
Loss on disposition of property, plant and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-107.00K	USD	3 Qtrs
Loss on disposition of property, plant and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-78.00K	USD	3 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$778.00K	USD	3 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$1.07M	USD	3 Qtrs
Trade receivables, net	`IncreaseDecreaseInAccountsReceivable`	$3.50M	USD	3 Qtrs
Trade receivables, net	`IncreaseDecreaseInAccountsReceivable`	$1.46M	USD	3 Qtrs
Inventories, net	`IncreaseDecreaseInInventories`	$448.00K	USD	3 Qtrs
Inventories, net	`IncreaseDecreaseInInventories`	$-2.02M	USD	3 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-700.00K	USD	3 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$325.00K	USD	3 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-5.00K	USD	3 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-2.00K	USD	3 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-341.00K	USD	3 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-1.96M	USD	3 Qtrs
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-86.00K	USD	3 Qtrs
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-42.00K	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$23.96M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$25.87M	USD	3 Qtrs
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$14.50M	USD	3 Qtrs
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$12.23M	USD	3 Qtrs
Proceeds from sale of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$459.00K	USD	3 Qtrs
Proceeds from sale of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$126.00K	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-12.10M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-14.04M	USD	3 Qtrs
Cash dividends paid	`PaymentsOfDividendsCommonStock`	$800.00K	USD	Point-in-time
Cash dividends paid	`PaymentsOfDividendsCommonStock`	$800.00K	USD	Point-in-time
Cash dividends paid	`PaymentsOfDividendsCommonStock`	$2.09M	USD	3 Qtrs
Cash dividends paid	`PaymentsOfDividendsCommonStock`	$2.26M	USD	3 Qtrs
Cash dividends paid	`PaymentsOfDividendsCommonStock`	$800.00K	USD	Point-in-time
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$72.00K	USD	3 Qtrs
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$153.00K	USD	3 Qtrs
Purchase of treasury shares	`PaymentsForRepurchaseOfCommonStock`	$2.82M	USD	3 Qtrs
Purchase of treasury shares	`PaymentsForRepurchaseOfCommonStock`	$193.00K	USD	3 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-4.75M	USD	3 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-2.38M	USD	3 Qtrs
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$9.01M	USD	3 Qtrs
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$7.53M	USD	3 Qtrs
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$74.71M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$59.93M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$82.25M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$68.94M	USD	Point-in-time
Cash and cash equivalents at end 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`	$82.25M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$68.94M	USD	Point-in-time

Comprehensive Income 16 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$15.56M	USD	3 Qtrs
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$6.08M	USD	1 Quarter
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$5.67M	USD	1 Quarter
Mark to market on foreign exchange hedges, tax expense	`OtherComprehensiveIncomeForeignCurrencyTranslationAdjustmentTaxPortionAttributableToParent`	$34.00K	USD	1 Quarter
Mark to market on foreign exchange hedges, tax expense	`OtherComprehensiveIncomeForeignCurrencyTranslationAdjustmentTaxPortionAttributableToParent`	$195.00K	USD	3 Qtrs
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$13.83M	USD	3 Qtrs
Mark to market of foreign exchange hedges, net of tax expense of $34 and $195 for the three months and nine months ended September 30, 2017, respectively	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$337.00K	USD	3 Qtrs
Mark to market of foreign exchange hedges, net of tax expense of $34 and $195 for the three months and nine months ended September 30, 2017, respectively	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	-	USD	1 Quarter
Mark to market of foreign exchange hedges, net of tax expense of $34 and $195 for the three months and nine months ended September 30, 2017, respectively	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$58.00K	USD	1 Quarter
Mark to market of foreign exchange hedges, net of tax expense of $34 and $195 for the three months and nine months ended September 30, 2017, respectively	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	-	USD	3 Qtrs
Total other comprehensive income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$337.00K	USD	3 Qtrs
Total other comprehensive income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$58.00K	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$13.83M	USD	3 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$6.08M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$5.72M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$15.90M	USD	3 Qtrs

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