10-Q Filing

UNITED STATES LIME & MINERALS INC CIK: 82020 Q2 2018

Filing Information

Form Type	10-Q
Accession Number	`0001558370-18-005827`
Period End Date	20180630
Filing Date	20180727
Fiscal Year	2018
Fiscal Period	Q2
XBRL Instance	uslm-20180630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 46 Income Statement 64 Cash Flow Statement 52 Comprehensive Income 20

Balance Sheet 46 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$85.00M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$82.35M	USD	Point-in-time
Trade receivables, net	`AccountsReceivableNetCurrent`	$16.47M	USD	Point-in-time
Trade receivables, net	`AccountsReceivableNetCurrent`	$20.92M	USD	Point-in-time
Inventories, net	`InventoryNet`	$13.55M	USD	Point-in-time
Inventories, net	`InventoryNet`	$12.26M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$2.56M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$3.00M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$118.02M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$118.08M	USD	Point-in-time
Property, plant and equipment	`PropertyPlantAndEquipmentGross`	$317.90M	USD	Point-in-time
Property, plant and equipment	`PropertyPlantAndEquipmentGross`	$300.24M	USD	Point-in-time
Less accumulated depreciation and depletion	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$197.91M	USD	Point-in-time
Less accumulated depreciation and depletion	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$190.52M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$109.72M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$119.99M	USD	Point-in-time
Other assets, net	`OtherAssetsNoncurrent`	$713.00K	USD	Point-in-time
Other assets, net	`OtherAssetsNoncurrent`	$605.00K	USD	Point-in-time
Total assets	`Assets`	$228.45M	USD	Point-in-time
Total assets	`Assets`	$238.68M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$6.26M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$6.23M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$3.10M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$2.42M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$8.66M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$9.36M	USD	Point-in-time
Deferred tax liabilities, net	`DeferredTaxLiabilitiesNoncurrent`	$12.37M	USD	Point-in-time
Deferred tax liabilities, net	`DeferredTaxLiabilitiesNoncurrent`	$13.50M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$1.46M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$1.43M	USD	Point-in-time
Total liabilities	`Liabilities`	$23.19M	USD	Point-in-time
Total liabilities	`Liabilities`	$23.59M	USD	Point-in-time
Common stock	`CommonStockValue`	$660.00K	USD	Point-in-time
Common stock	`CommonStockValue`	$659.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$25.09M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$24.31M	USD	Point-in-time
Accumulated other comprehensive (loss) income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$86.00K	USD	Point-in-time
Accumulated other comprehensive (loss) income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-3.00K	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$243.29M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$233.91M	USD	Point-in-time
Less treasury stock, at cost	`TreasuryStockCommonValue`	$53.70M	USD	Point-in-time
Less treasury stock, at cost	`TreasuryStockCommonValue`	$53.96M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$205.25M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$215.09M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$238.68M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$228.45M	USD	Point-in-time

Income Statement 64 line items

Line Item	Tag	Value	Unit	Period
Total revenues	`Revenues`	$74.53M	USD	2 Qtrs
Total revenues	`Revenues`	$36.52M	USD	1 Quarter
Total revenues	`Revenues`	$72.67M	USD	2 Qtrs
Total revenues	`Revenues`	$39.24M	USD	1 Quarter
Labor and other operating expenses	`LaborAndOtherOperatingExpenses`	$25.32M	USD	1 Quarter
Labor and other operating expenses	`LaborAndOtherOperatingExpenses`	$23.63M	USD	1 Quarter
Labor and other operating expenses	`LaborAndOtherOperatingExpenses`	$47.30M	USD	2 Qtrs
Labor and other operating expenses	`LaborAndOtherOperatingExpenses`	$49.39M	USD	2 Qtrs
Depreciation, depletion and amortization	`CostDepreciationAmortizationAndDepletion`	$4.29M	USD	1 Quarter
Depreciation, depletion and amortization	`CostDepreciationAmortizationAndDepletion`	$8.46M	USD	2 Qtrs
Depreciation, depletion and amortization	`CostDepreciationAmortizationAndDepletion`	$4.05M	USD	1 Quarter
Depreciation, depletion and amortization	`CostDepreciationAmortizationAndDepletion`	$8.29M	USD	2 Qtrs
Total cost of revenues	`CostOfGoodsAndServicesSold`	$57.85M	USD	2 Qtrs
Total cost of revenues	`CostOfGoodsAndServicesSold`	$29.61M	USD	1 Quarter
Total cost of revenues	`CostOfGoodsAndServicesSold`	$27.68M	USD	1 Quarter
Total cost of revenues	`CostOfGoodsAndServicesSold`	$55.59M	USD	2 Qtrs
Gross profit	`GrossProfit`	$9.64M	USD	1 Quarter
Gross profit	`GrossProfit`	$17.08M	USD	2 Qtrs
Gross profit	`GrossProfit`	$8.84M	USD	1 Quarter
Gross profit	`GrossProfit`	$16.67M	USD	2 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$4.94M	USD	2 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$2.56M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$2.52M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$5.07M	USD	2 Qtrs
Operating profit	`OperatingIncomeLoss`	$6.32M	USD	1 Quarter
Operating profit	`OperatingIncomeLoss`	$11.61M	USD	2 Qtrs
Operating profit	`OperatingIncomeLoss`	$7.07M	USD	1 Quarter
Operating profit	`OperatingIncomeLoss`	$12.14M	USD	2 Qtrs
Interest expense	`InterestExpense`	$118.00K	USD	2 Qtrs
Interest expense	`InterestExpense`	$59.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$125.00K	USD	2 Qtrs
Interest expense	`InterestExpense`	$63.00K	USD	1 Quarter
Interest and other income, net	`OtherNonoperatingIncomeExpense`	$459.00K	USD	1 Quarter
Interest and other income, net	`OtherNonoperatingIncomeExpense`	$225.00K	USD	1 Quarter
Interest and other income, net	`OtherNonoperatingIncomeExpense`	$404.00K	USD	2 Qtrs
Interest and other income, net	`OtherNonoperatingIncomeExpense`	$812.00K	USD	2 Qtrs
Total other (income) expense	`NonoperatingIncomeExpense`	$396.00K	USD	1 Quarter
Total other (income) expense	`NonoperatingIncomeExpense`	$286.00K	USD	2 Qtrs
Total other (income) expense	`NonoperatingIncomeExpense`	$166.00K	USD	1 Quarter
Total other (income) expense	`NonoperatingIncomeExpense`	$687.00K	USD	2 Qtrs
Income before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$7.47M	USD	1 Quarter
Income before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$6.49M	USD	1 Quarter
Income before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$12.29M	USD	2 Qtrs
Income before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$12.42M	USD	2 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$2.53M	USD	2 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$1.21M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$1.40M	USD	2 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$830.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$10.90M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$6.64M	USD	1 Quarter
Net income	`NetIncomeLoss`	$5.28M	USD	1 Quarter
Net income	`NetIncomeLoss`	$9.90M	USD	2 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$1.19	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$1.77	USD	2 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.95	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$1.95	USD	2 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$1.18	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.94	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$1.77	USD	2 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$1.95	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`	$0.14	USD	1 Quarter
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`	$0.14	USD	1 Quarter

Cash Flow Statement 52 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$9.90M	USD	2 Qtrs
Net income	`ProfitLoss`	$10.90M	USD	2 Qtrs
Depreciation, depletion and amortization	`DepreciationDepletionAndAmortization`	$8.57M	USD	2 Qtrs
Depreciation, depletion and amortization	`DepreciationDepletionAndAmortization`	$8.39M	USD	2 Qtrs
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$15.00K	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`	$1.16M	USD	2 Qtrs
Loss on disposition of property, plant and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-28.00K	USD	2 Qtrs
Loss on disposition of property, plant and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-345.00K	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$655.00K	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$713.00K	USD	2 Qtrs
Trade receivables, net	`IncreaseDecreaseInAccountsReceivable`	$2.11M	USD	2 Qtrs
Trade receivables, net	`IncreaseDecreaseInAccountsReceivable`	$4.45M	USD	2 Qtrs
Inventories, net	`IncreaseDecreaseInInventories`	$-1.29M	USD	2 Qtrs
Inventories, net	`IncreaseDecreaseInInventories`	$-737.00K	USD	2 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-438.00K	USD	2 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$70.00K	USD	2 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-93.00K	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`	$-697.00K	USD	2 Qtrs
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$227.00K	USD	2 Qtrs
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-145.00K	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$16.65M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$18.23M	USD	2 Qtrs
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$8.59M	USD	2 Qtrs
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$19.38M	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`	$183.00K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-8.14M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-19.20M	USD	2 Qtrs
Cash dividends paid	`PaymentsOfDividendsCommonStock`	$1.51M	USD	2 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`	$1.51M	USD	2 Qtrs
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$72.00K	USD	2 Qtrs
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$73.00K	USD	2 Qtrs
Purchase of treasury shares	`PaymentsForRepurchaseOfCommonStock`	$193.00K	USD	2 Qtrs
Purchase of treasury shares	`PaymentsForRepurchaseOfCommonStock`	$251.00K	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-1.63M	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-1.69M	USD	2 Qtrs
Net (decrease) increase in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-2.65M	USD	2 Qtrs
Net (decrease) increase in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$6.88M	USD	2 Qtrs
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$85.00M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$82.35M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$81.59M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$74.71M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$85.00M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$82.35M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$81.59M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$74.71M	USD	Point-in-time

Comprehensive Income 20 line items

Line Item	Tag	Value	Unit	Period
Mark to market on foreign exchange hedges, tax benefit (expense)	`OtherComprehensiveIncomeForeignCurrencyTranslationAdjustmentTaxPortionAttributableToParent`	$-17.00K	USD	1 Quarter
Mark to market on foreign exchange hedges, tax benefit (expense)	`OtherComprehensiveIncomeForeignCurrencyTranslationAdjustmentTaxPortionAttributableToParent`	$-27.00K	USD	2 Qtrs
Net income	`NetIncomeLoss`	$10.90M	USD	2 Qtrs
Mark to market on foreign exchange hedges, tax benefit (expense)	`OtherComprehensiveIncomeForeignCurrencyTranslationAdjustmentTaxPortionAttributableToParent`	$143.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$6.64M	USD	1 Quarter
Mark to market on foreign exchange hedges, tax benefit (expense)	`OtherComprehensiveIncomeForeignCurrencyTranslationAdjustmentTaxPortionAttributableToParent`	$161.00K	USD	2 Qtrs
Net income	`NetIncomeLoss`	$5.28M	USD	1 Quarter
Net income	`NetIncomeLoss`	$9.90M	USD	2 Qtrs
Mark to market of foreign exchange hedges, net of tax benefit (expense) of $17 and $27 for the three months and six months ended June 30, 2018, respectively, and $(143) and $(161) for the three months and six months ended June 30, 2017, respectively	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-89.00K	USD	2 Qtrs
Mark to market of foreign exchange hedges, net of tax benefit (expense) of $17 and $27 for the three months and six months ended June 30, 2018, respectively, and $(143) and $(161) for the three months and six months ended June 30, 2017, respectively	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-55.00K	USD	1 Quarter
Mark to market of foreign exchange hedges, net of tax benefit (expense) of $17 and $27 for the three months and six months ended June 30, 2018, respectively, and $(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 benefit (expense) of $17 and $27 for the three months and six months ended June 30, 2018, respectively, and $(143) and $(161) for the three months and six months ended June 30, 2017, respectively	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$248.00K	USD	1 Quarter
Total other comprehensive (loss) income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-55.00K	USD	1 Quarter
Total other comprehensive (loss) income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$279.00K	USD	2 Qtrs
Total other comprehensive (loss) income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-89.00K	USD	2 Qtrs
Total other comprehensive (loss) income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$248.00K	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$5.53M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$10.18M	USD	2 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$10.81M	USD	2 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$6.58M	USD	1 Quarter

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