10-Q Filing

UNITED STATES LIME & MINERALS INC CIK: 82020 Q1 2020

Filing Information

Form Type	10-Q
Accession Number	`0001558370-20-004819`
Period End Date	20200331
Filing Date	20200430
Fiscal Year	2020
Fiscal Period	Q1
XBRL Instance	uslm-20200331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 55 Income Statement 30 Cash Flow Statement 50 Stockholders Equity 23 Comprehensive Income 10

Balance Sheet 55 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$58.80M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$54.26M	USD	Point-in-time
Trade receivables, net	`AccountsReceivableNetCurrent`	$22.95M	USD	Point-in-time
Trade receivables, net	`AccountsReceivableNetCurrent`	$23.15M	USD	Point-in-time
Inventories, net	`InventoryNet`	$13.39M	USD	Point-in-time
Inventories, net	`InventoryNet`	$13.53M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$1.89M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$2.14M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$97.37M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$92.73M	USD	Point-in-time
Property, plant and equipment	`PropertyPlantAndEquipmentGross`	$375.36M	USD	Point-in-time
Property, plant and equipment	`PropertyPlantAndEquipmentGross`	$370.36M	USD	Point-in-time
Less accumulated depreciation and depletion	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$219.67M	USD	Point-in-time
Less accumulated depreciation and depletion	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$224.07M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$150.69M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$151.29M	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$3.19M	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$2.80M	USD	Point-in-time
Other assets, net	`OtherAssetsNoncurrent`	$423.00K	USD	Point-in-time
Other assets, net	`OtherAssetsNoncurrent`	$408.00K	USD	Point-in-time
Total assets	`Assets`	$251.87M	USD	Point-in-time
Total assets	`Assets`	$247.04M	USD	Point-in-time
Total assets	`Assets`	$255.07M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$4.43M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$4.83M	USD	Point-in-time
Current portion of operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$1.22M	USD	Point-in-time
Current portion of operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$1.29M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$3.73M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$2.51M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$9.46M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$8.56M	USD	Point-in-time
Deferred tax liabilities, net	`DeferredIncomeTaxLiabilitiesNet`	$17.22M	USD	Point-in-time
Deferred tax liabilities, net	`DeferredIncomeTaxLiabilitiesNet`	$18.20M	USD	Point-in-time
Operating lease liabilities, excluding current portion	`OperatingLeaseLiabilityNoncurrent`	$1.87M	USD	Point-in-time
Operating lease liabilities, excluding current portion	`OperatingLeaseLiabilityNoncurrent`	$1.56M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$1.36M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$1.38M	USD	Point-in-time
Total liabilities	`Liabilities`	$29.91M	USD	Point-in-time
Total liabilities	`Liabilities`	$29.70M	USD	Point-in-time
Common stock	`CommonStockValue`	$663.00K	USD	Point-in-time
Common stock	`CommonStockValue`	$664.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$27.92M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$27.46M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-7.00K	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-1.00K	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$243.57M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$248.21M	USD	Point-in-time
Less treasury stock, at cost	`TreasuryStockCommonValue`	$54.56M	USD	Point-in-time
Less treasury stock, at cost	`TreasuryStockCommonValue`	$54.62M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$227.57M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$217.13M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$222.17M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$222.97M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$251.87M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$247.04M	USD	Point-in-time

Income Statement 30 line items

Line Item	Tag	Value	Unit	Period
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$37.80M	USD	1 Quarter
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$38.44M	USD	1 Quarter
Labor and other operating expenses	`LaborAndOtherOperatingExpenses`	$23.96M	USD	1 Quarter
Labor and other operating expenses	`LaborAndOtherOperatingExpenses`	$25.04M	USD	1 Quarter
Depreciation, depletion and amortization	`CostDepreciationAmortizationAndDepletion`	$4.60M	USD	1 Quarter
Depreciation, depletion and amortization	`CostDepreciationAmortizationAndDepletion`	$4.07M	USD	1 Quarter
Total cost of revenues	`CostOfGoodsAndServicesSold`	$29.11M	USD	1 Quarter
Total cost of revenues	`CostOfGoodsAndServicesSold`	$28.56M	USD	1 Quarter
Gross profit	`GrossProfit`	$8.69M	USD	1 Quarter
Gross profit	`GrossProfit`	$9.88M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$3.22M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$2.67M	USD	1 Quarter
Operating profit	`OperatingIncomeLoss`	$6.02M	USD	1 Quarter
Operating profit	`OperatingIncomeLoss`	$6.66M	USD	1 Quarter
Interest expense	`InterestExpense`	$62.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$62.00K	USD	1 Quarter
Interest and other income, net	`OtherNonoperatingIncomeExpense`	$247.00K	USD	1 Quarter
Interest and other income, net	`OtherNonoperatingIncomeExpense`	$492.00K	USD	1 Quarter
Total other expense (income)	`NonoperatingIncomeExpense`	$430.00K	USD	1 Quarter
Total other expense (income)	`NonoperatingIncomeExpense`	$185.00K	USD	1 Quarter
Income before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$6.45M	USD	1 Quarter
Income before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$6.84M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$1.30M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$1.32M	USD	1 Quarter
Net income	`NetIncomeLoss`	$5.54M	USD	1 Quarter
Net income	`NetIncomeLoss`	$5.13M	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.91	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.99	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.91	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.98	USD	1 Quarter

Cash Flow Statement 50 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$5.13M	USD	1 Quarter
Net income	`ProfitLoss`	$5.54M	USD	1 Quarter
Depreciation, depletion and amortization	`DepreciationDepletionAndAmortization`	$4.12M	USD	1 Quarter
Depreciation, depletion and amortization	`DepreciationDepletionAndAmortization`	$4.66M	USD	1 Quarter
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$4.00K	USD	1 Quarter
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$2.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$990.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$1.25M	USD	1 Quarter
(Gain) loss on disposition of property, plant and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$13.00K	USD	1 Quarter
(Gain) loss on disposition of property, plant and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-386.00K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$309.00K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$379.00K	USD	1 Quarter
Trade receivables, net	`IncreaseDecreaseInAccountsReceivable`	$3.11M	USD	1 Quarter
Trade receivables, net	`IncreaseDecreaseInAccountsReceivable`	$200.00K	USD	1 Quarter
Inventories, net	`IncreaseDecreaseInInventories`	$146.00K	USD	1 Quarter
Inventories, net	`IncreaseDecreaseInInventories`	$-25.00K	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-216.00K	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-249.00K	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-14.00K	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-31.00K	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$21.00K	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-899.00K	USD	1 Quarter
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$13.00K	USD	1 Quarter
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$15.00K	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$7.47M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$11.51M	USD	1 Quarter
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$5.68M	USD	1 Quarter
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$6.11M	USD	1 Quarter
Proceeds from sale of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$142.00K	USD	1 Quarter
Proceeds from sale of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$16.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-6.09M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-5.54M	USD	1 Quarter
Cash dividends paid	`PaymentsOfDividendsCommonStock`	$757.00K	USD	1 Quarter
Cash dividends paid	`PaymentsOfDividendsCommonStock`	$899.00K	USD	1 Quarter
Cash dividends paid	`PaymentsOfDividendsCommonStock`	$900.00K	USD	Point-in-time
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$81.00K	USD	1 Quarter
Purchase of treasury shares	`PaymentsForRepurchaseOfCommonStock`	$52.00K	USD	1 Quarter
Purchase of treasury shares	`PaymentsForRepurchaseOfCommonStock`	$64.00K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-809.00K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-882.00K	USD	1 Quarter
Net increase in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$4.54M	USD	1 Quarter
Net increase in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$1.12M	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$67.22M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$54.26M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$68.34M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$58.80M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$67.22M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$54.26M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$68.34M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$58.80M	USD	Point-in-time

Stockholders Equity 23 line items

Line Item	Tag	Value	Unit	Period
Mark to market of foreign exchange hedges, tax expense (benefit)	`OtherComprehensiveIncomeForeignCurrencyTranslationAdjustmentTaxPortionAttributableToParent`	$-2.00K	USD	1 Quarter
Mark to market of foreign exchange hedges, tax expense (benefit)	`OtherComprehensiveIncomeForeignCurrencyTranslationAdjustmentTaxPortionAttributableToParent`	$-6.00K	USD	1 Quarter
Balances	`StockholdersEquity`	$227.57M	USD	Point-in-time
Balances	`StockholdersEquity`	$217.13M	USD	Point-in-time
Balances	`StockholdersEquity`	$222.17M	USD	Point-in-time
Balances	`StockholdersEquity`	$222.97M	USD	Point-in-time
Stock options exercised	`StockIssuedDuringPeriodValueStockOptionsExercisedNetOfTaxBenefitExpenses`	$81.00K	USD	1 Quarter
Stock-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$309.00K	USD	1 Quarter
Stock-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$379.00K	USD	1 Quarter
Treasury shares purchased	`TreasuryStockValueAcquiredCostMethod`	$52.00K	USD	1 Quarter
Treasury shares purchased	`TreasuryStockValueAcquiredCostMethod`	$64.00K	USD	1 Quarter
Cash dividends paid	`DividendsCommonStock`	$899.00K	USD	1 Quarter
Cash dividends paid	`DividendsCommonStock`	$757.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$5.54M	USD	1 Quarter
Net income	`NetIncomeLoss`	$5.13M	USD	1 Quarter
Mark to market of foreign exchange hedges, net of tax benefit of $2 and $6 for the 2020 and 2019 periods, respectively	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-20.00K	USD	1 Quarter
Mark to market of foreign exchange hedges, net of tax benefit of $2 and $6 for the 2020 and 2019 periods, respectively	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-6.00K	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$5.54M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$5.11M	USD	1 Quarter
Balances	`StockholdersEquity`	$227.57M	USD	Point-in-time
Balances	`StockholdersEquity`	$217.13M	USD	Point-in-time
Balances	`StockholdersEquity`	$222.17M	USD	Point-in-time
Balances	`StockholdersEquity`	$222.97M	USD	Point-in-time

Comprehensive Income 10 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$5.54M	USD	1 Quarter
Mark to market on foreign exchange hedges, net of tax benefit of $2 and $6 for the 2020 and 2019 periods, respectively	`OtherComprehensiveIncomeForeignCurrencyTranslationAdjustmentTaxPortionAttributableToParent`	$-2.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$5.13M	USD	1 Quarter
Mark to market on foreign exchange hedges, net of tax benefit of $2 and $6 for the 2020 and 2019 periods, respectively	`OtherComprehensiveIncomeForeignCurrencyTranslationAdjustmentTaxPortionAttributableToParent`	$-6.00K	USD	1 Quarter
Mark to market of foreign exchange hedges, net of tax benefit of $2 and $6 for the 2020 and 2019 period, respectively	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-20.00K	USD	1 Quarter
Mark to market of foreign exchange hedges, net of tax benefit of $2 and $6 for the 2020 and 2019 period, respectively	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-6.00K	USD	1 Quarter
Total other comprehensive loss	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-6.00K	USD	1 Quarter
Total other comprehensive loss	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-20.00K	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$5.54M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$5.11M	USD	1 Quarter

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