10-Q Filing

UNITED STATES LIME & MINERALS INC CIK: 82020 Q1 2021

Filing Information

Form Type	10-Q
Accession Number	`0001558370-21-005260`
Period End Date	20210331
Filing Date	20210429
Fiscal Year	2021
Fiscal Period	Q1
XBRL Instance	uslm-20210331x10q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 53 Income Statement 30 Cash Flow Statement 50 Stockholders Equity 22 Comprehensive Income 8

Balance Sheet 53 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$83.56M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$89.65M	USD	Point-in-time
Trade receivables, net	`AccountsReceivableNetCurrent`	$22.98M	USD	Point-in-time
Trade receivables, net	`AccountsReceivableNetCurrent`	$23.96M	USD	Point-in-time
Inventories, net	`InventoryNet`	$15.21M	USD	Point-in-time
Inventories, net	`InventoryNet`	$15.41M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$2.25M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$2.43M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$131.44M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$124.00M	USD	Point-in-time
Property, plant and equipment	`PropertyPlantAndEquipmentGross`	$392.63M	USD	Point-in-time
Property, plant and equipment	`PropertyPlantAndEquipmentGross`	$388.20M	USD	Point-in-time
Less accumulated depreciation and depletion	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$235.74M	USD	Point-in-time
Less accumulated depreciation and depletion	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$240.99M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$151.64M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$152.46M	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$2.23M	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$1.93M	USD	Point-in-time
Other assets, net	`OtherAssetsNoncurrent`	$398.00K	USD	Point-in-time
Other assets, net	`OtherAssetsNoncurrent`	$415.00K	USD	Point-in-time
Total assets	`Assets`	$285.41M	USD	Point-in-time
Total assets	`Assets`	$279.10M	USD	Point-in-time
Total assets	`Assets`	$251.87M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$4.59M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$5.67M	USD	Point-in-time
Current portion of operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$1.19M	USD	Point-in-time
Current portion of operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$1.07M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$5.81M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$4.00M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$11.59M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$10.74M	USD	Point-in-time
Deferred tax liabilities, net	`DeferredIncomeTaxLiabilitiesNet`	$22.27M	USD	Point-in-time
Deferred tax liabilities, net	`DeferredIncomeTaxLiabilitiesNet`	$21.53M	USD	Point-in-time
Operating lease liabilities, excluding current portion	`OperatingLeaseLiabilityNoncurrent`	$858.00K	USD	Point-in-time
Operating lease liabilities, excluding current portion	`OperatingLeaseLiabilityNoncurrent`	$1.03M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$1.76M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$1.77M	USD	Point-in-time
Total liabilities	`Liabilities`	$35.64M	USD	Point-in-time
Total liabilities	`Liabilities`	$35.91M	USD	Point-in-time
Common stock	`CommonStockValue`	$667.00K	USD	Point-in-time
Common stock	`CommonStockValue`	$666.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$30.00M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$29.46M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$274.31M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$268.19M	USD	Point-in-time
Less treasury stock, at cost	`TreasuryStockCommonValue`	$55.21M	USD	Point-in-time
Less treasury stock, at cost	`TreasuryStockCommonValue`	$55.12M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$249.77M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$222.17M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$217.13M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$243.19M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$279.10M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$285.41M	USD	Point-in-time

Income Statement 30 line items

Line Item	Tag	Value	Unit	Period
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$38.44M	USD	1 Quarter
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$41.67M	USD	1 Quarter
Labor and other operating expenses	`LaborAndOtherOperatingExpenses`	$24.59M	USD	1 Quarter
Labor and other operating expenses	`LaborAndOtherOperatingExpenses`	$23.96M	USD	1 Quarter
Depreciation, depletion and amortization	`CostDepreciationAmortizationAndDepletion`	$4.60M	USD	1 Quarter
Depreciation, depletion and amortization	`CostDepreciationAmortizationAndDepletion`	$5.28M	USD	1 Quarter
Total cost of revenues	`CostOfGoodsAndServicesSold`	$28.56M	USD	1 Quarter
Total cost of revenues	`CostOfGoodsAndServicesSold`	$29.87M	USD	1 Quarter
Gross profit	`GrossProfit`	$11.80M	USD	1 Quarter
Gross profit	`GrossProfit`	$9.88M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$3.07M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$3.22M	USD	1 Quarter
Operating profit	`OperatingIncomeLoss`	$6.66M	USD	1 Quarter
Operating profit	`OperatingIncomeLoss`	$8.74M	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`	$34.00K	USD	1 Quarter
Total other expense (income)	`NonoperatingIncomeExpense`	$-28.00K	USD	1 Quarter
Total other expense (income)	`NonoperatingIncomeExpense`	$185.00K	USD	1 Quarter
Income before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$6.84M	USD	1 Quarter
Income before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$8.71M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$1.68M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$1.30M	USD	1 Quarter
Net income	`NetIncomeLoss`	$5.54M	USD	1 Quarter
Net income	`NetIncomeLoss`	$7.03M	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.99	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$1.24	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$1.24	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`	$7.03M	USD	1 Quarter
Net income	`ProfitLoss`	$5.54M	USD	1 Quarter
Depreciation, depletion and amortization	`DepreciationDepletionAndAmortization`	$4.66M	USD	1 Quarter
Depreciation, depletion and amortization	`DepreciationDepletionAndAmortization`	$5.34M	USD	1 Quarter
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$2.00K	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`	$750.00K	USD	1 Quarter
Loss (gain) on disposition of property, plant and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$13.00K	USD	1 Quarter
Loss (gain) on disposition of property, plant and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-3.00K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$379.00K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$547.00K	USD	1 Quarter
Trade receivables, net	`IncreaseDecreaseInAccountsReceivable`	$978.00K	USD	1 Quarter
Trade receivables, net	`IncreaseDecreaseInAccountsReceivable`	$200.00K	USD	1 Quarter
Inventories, net	`IncreaseDecreaseInInventories`	$199.00K	USD	1 Quarter
Inventories, net	`IncreaseDecreaseInInventories`	$146.00K	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-249.00K	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$183.00K	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-14.00K	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-16.00K	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-719.00K	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$21.00K	USD	1 Quarter
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$13.00K	USD	1 Quarter
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$11.00K	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$11.51M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$11.62M	USD	1 Quarter
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$4.54M	USD	1 Quarter
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$6.11M	USD	1 Quarter
Proceeds from sale of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$10.00K	USD	1 Quarter
Proceeds from sale of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$16.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-4.53M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-6.09M	USD	1 Quarter
Cash dividends paid	`PaymentsOfDividendsCommonStock`	$905.00K	USD	1 Quarter
Cash dividends paid	`PaymentsOfDividendsCommonStock`	$900.00K	USD	Point-in-time
Cash dividends paid	`PaymentsOfDividendsCommonStock`	$899.00K	USD	1 Quarter
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$81.00K	USD	1 Quarter
Purchase of treasury shares	`PaymentsForRepurchaseOfCommonStock`	$64.00K	USD	1 Quarter
Purchase of treasury shares	`PaymentsForRepurchaseOfCommonStock`	$95.00K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-1.00M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-882.00K	USD	1 Quarter
Net increase in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$6.09M	USD	1 Quarter
Net increase in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$4.54M	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$89.65M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$83.56M	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`	$58.80M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$89.65M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$83.56M	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`	$58.80M	USD	Point-in-time

Stockholders Equity 22 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`	$-2.00K	USD	1 Quarter
Balances	`StockholdersEquity`	$249.77M	USD	Point-in-time
Balances	`StockholdersEquity`	$222.17M	USD	Point-in-time
Balances	`StockholdersEquity`	$217.13M	USD	Point-in-time
Balances	`StockholdersEquity`	$243.19M	USD	Point-in-time
Stock options exercised	`StockIssuedDuringPeriodValueStockOptionsExercisedNetOfTaxBenefitExpenses`	$81.00K	USD	1 Quarter
Stock-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$379.00K	USD	1 Quarter
Stock-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$547.00K	USD	1 Quarter
Treasury shares purchased	`TreasuryStockValueAcquiredCostMethod`	$64.00K	USD	1 Quarter
Treasury shares purchased	`TreasuryStockValueAcquiredCostMethod`	$95.00K	USD	1 Quarter
Cash dividends paid	`DividendsCommonStock`	$899.00K	USD	1 Quarter
Cash dividends paid	`DividendsCommonStock`	$905.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$5.54M	USD	1 Quarter
Net income	`NetIncomeLoss`	$7.03M	USD	1 Quarter
Mark to market of foreign exchange hedges, net of tax benefit of $2 for 2020 period	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-6.00K	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$7.03M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$5.54M	USD	1 Quarter
Balances	`StockholdersEquity`	$249.77M	USD	Point-in-time
Balances	`StockholdersEquity`	$222.17M	USD	Point-in-time
Balances	`StockholdersEquity`	$217.13M	USD	Point-in-time
Balances	`StockholdersEquity`	$243.19M	USD	Point-in-time

Comprehensive Income 8 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$5.54M	USD	1 Quarter
Net income	`NetIncomeLoss`	$7.03M	USD	1 Quarter
Mark to market on foreign exchange hedges, net of tax benefit of $0 for each of the three and nine months ended September 30, 2020, and $8 and $7 for the three months and nine months ended September 30, 2019, respectively	`OtherComprehensiveIncomeForeignCurrencyTranslationAdjustmentTaxPortionAttributableToParent`	$-2.00K	USD	1 Quarter
Mark to market on foreign exchange hedges, net of tax benefit of $0 for each of the three and nine months ended September 30, 2020, and $8 and $7 for the three months and nine months ended September 30, 2019, respectively	`OtherComprehensiveIncomeForeignCurrencyTranslationAdjustmentTaxPortionAttributableToParent`	$-2.00K	USD	1 Quarter
Mark to market of foreign exchange hedges, net of tax benefit of $2 for 2020 period	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-6.00K	USD	1 Quarter
Total other comprehensive loss	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-6.00K	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$7.03M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$5.54M	USD	1 Quarter

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