10-Q Filing

UNITED STATES LIME & MINERALS INC CIK: 82020 Q2 2022

Filing Information

Form Type	10-Q
Accession Number	`0001558370-22-011252`
Period End Date	20220630
Filing Date	20220728
Fiscal Year	2022
Fiscal Period	Q2
XBRL Instance	uslm-20220630x10q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 55 Income Statement 62 Cash Flow Statement 53 Stockholders Equity 30

Balance Sheet 55 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$108.58M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$105.36M	USD	Point-in-time
Trade receivables, net	`AccountsReceivableNetCurrent`	$37.12M	USD	Point-in-time
Trade receivables, net	`AccountsReceivableNetCurrent`	$26.71M	USD	Point-in-time
Inventories, net	`InventoryNet`	$15.12M	USD	Point-in-time
Inventories, net	`InventoryNet`	$16.72M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$3.24M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$2.20M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$150.43M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$164.62M	USD	Point-in-time
Property, plant and equipment	`PropertyPlantAndEquipmentGross`	$429.01M	USD	Point-in-time
Property, plant and equipment	`PropertyPlantAndEquipmentGross`	$413.56M	USD	Point-in-time
Less accumulated depreciation and depletion	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$260.42M	USD	Point-in-time
Less accumulated depreciation and depletion	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$251.39M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$162.17M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$168.59M	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$3.14M	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$3.09M	USD	Point-in-time
Other assets, net	`OtherAssetsNoncurrent`	$450.00K	USD	Point-in-time
Other assets, net	`OtherAssetsNoncurrent`	$441.00K	USD	Point-in-time
Total assets	`Assets`	$336.73M	USD	Point-in-time
Total assets	`Assets`	$316.20M	USD	Point-in-time
Total assets	`Assets`	$297.11M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$7.10M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$5.43M	USD	Point-in-time
Current portion of operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$899.00K	USD	Point-in-time
Current portion of operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$794.00K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$4.52M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$4.86M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$11.19M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$12.42M	USD	Point-in-time
Deferred tax liabilities, net	`DeferredIncomeTaxLiabilitiesNet`	$24.27M	USD	Point-in-time
Deferred tax liabilities, net	`DeferredIncomeTaxLiabilitiesNet`	$23.05M	USD	Point-in-time
Operating lease liabilities, excluding current portion	`OperatingLeaseLiabilityNoncurrent`	$2.31M	USD	Point-in-time
Operating lease liabilities, excluding current portion	`OperatingLeaseLiabilityNoncurrent`	$2.42M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$1.45M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$1.44M	USD	Point-in-time
Total liabilities	`Liabilities`	$40.56M	USD	Point-in-time
Total liabilities	`Liabilities`	$37.99M	USD	Point-in-time
Common stock	`CommonStockValue`	$669.00K	USD	Point-in-time
Common stock	`CommonStockValue`	$669.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$31.77M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$33.19M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$318.25M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$301.61M	USD	Point-in-time
Less treasury stock, at cost	`TreasuryStockCommonValue`	$55.93M	USD	Point-in-time
Less treasury stock, at cost	`TreasuryStockCommonValue`	$55.85M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$278.21M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$296.17M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$249.77M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$243.19M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$286.31M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$260.61M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$316.20M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$336.73M	USD	Point-in-time

Income Statement 62 line items

Line Item	Tag	Value	Unit	Period
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$111.40M	USD	2 Qtrs
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$49.16M	USD	1 Quarter
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$60.49M	USD	1 Quarter
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$90.84M	USD	2 Qtrs
Labor and other operating expenses	`LaborAndOtherOperatingExpenses`	$51.79M	USD	2 Qtrs
Labor and other operating expenses	`LaborAndOtherOperatingExpenses`	$27.20M	USD	1 Quarter
Labor and other operating expenses	`LaborAndOtherOperatingExpenses`	$38.54M	USD	1 Quarter
Labor and other operating expenses	`LaborAndOtherOperatingExpenses`	$69.80M	USD	2 Qtrs
Depreciation, depletion and amortization	`CostDepreciationAmortizationAndDepletion`	$10.44M	USD	2 Qtrs
Depreciation, depletion and amortization	`CostDepreciationAmortizationAndDepletion`	$10.66M	USD	2 Qtrs
Depreciation, depletion and amortization	`CostDepreciationAmortizationAndDepletion`	$5.47M	USD	1 Quarter
Depreciation, depletion and amortization	`CostDepreciationAmortizationAndDepletion`	$5.17M	USD	1 Quarter
Total cost of revenues	`CostOfGoodsAndServicesSold`	$80.45M	USD	2 Qtrs
Total cost of revenues	`CostOfGoodsAndServicesSold`	$62.24M	USD	2 Qtrs
Total cost of revenues	`CostOfGoodsAndServicesSold`	$44.01M	USD	1 Quarter
Total cost of revenues	`CostOfGoodsAndServicesSold`	$32.37M	USD	1 Quarter
Gross profit	`GrossProfit`	$16.48M	USD	1 Quarter
Gross profit	`GrossProfit`	$16.80M	USD	1 Quarter
Gross profit	`GrossProfit`	$30.95M	USD	2 Qtrs
Gross profit	`GrossProfit`	$28.60M	USD	2 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$3.85M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$2.96M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$6.02M	USD	2 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$7.48M	USD	2 Qtrs
Operating profit	`OperatingIncomeLoss`	$22.58M	USD	2 Qtrs
Operating profit	`OperatingIncomeLoss`	$23.46M	USD	2 Qtrs
Operating profit	`OperatingIncomeLoss`	$12.63M	USD	1 Quarter
Operating profit	`OperatingIncomeLoss`	$13.84M	USD	1 Quarter
Interest expense	`InterestExpense`	$62.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$124.00K	USD	2 Qtrs
Interest expense	`InterestExpense`	$63.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$126.00K	USD	2 Qtrs
Interest and other income, net	`OtherNonoperatingIncomeExpense`	$237.00K	USD	2 Qtrs
Interest and other income, net	`OtherNonoperatingIncomeExpense`	$125.00K	USD	2 Qtrs
Interest and other income, net	`OtherNonoperatingIncomeExpense`	$91.00K	USD	1 Quarter
Interest and other income, net	`OtherNonoperatingIncomeExpense`	$177.00K	USD	1 Quarter
Total other expense (income)	`NonoperatingIncomeExpense`	$29.00K	USD	1 Quarter
Total other expense (income)	`NonoperatingIncomeExpense`	$114.00K	USD	1 Quarter
Total other expense (income)	`NonoperatingIncomeExpense`	$1.00K	USD	2 Qtrs
Total other expense (income)	`NonoperatingIncomeExpense`	$111.00K	USD	2 Qtrs
Income before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$13.87M	USD	1 Quarter
Income before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$23.58M	USD	2 Qtrs
Income before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$12.75M	USD	1 Quarter
Income before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$22.58M	USD	2 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$4.67M	USD	2 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$2.77M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$2.51M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$4.45M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$11.09M	USD	1 Quarter
Net income	`NetIncomeLoss`	$8.67M	USD	1 Quarter
Net income	`NetIncomeLoss`	$18.91M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$18.12M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$10.24M	USD	1 Quarter
Net income	`NetIncomeLoss`	$7.03M	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$1.80	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$3.21	USD	2 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$3.33	USD	2 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$1.96	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$3.20	USD	2 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$1.96	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$1.80	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$3.33	USD	2 Qtrs

Cash Flow Statement 53 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$18.91M	USD	2 Qtrs
Net income	`ProfitLoss`	$18.12M	USD	2 Qtrs
Depreciation, depletion and amortization	`DepreciationDepletionAndAmortization`	$10.57M	USD	2 Qtrs
Depreciation, depletion and amortization	`DepreciationDepletionAndAmortization`	$10.80M	USD	2 Qtrs
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$2.00K	USD	2 Qtrs
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$2.00K	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$1.78M	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$1.22M	USD	2 Qtrs
Gain on disposition of property, plant and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$26.00K	USD	2 Qtrs
Gain on disposition of property, plant and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$78.00K	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$1.29M	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$1.12M	USD	2 Qtrs
Trade receivables, net	`IncreaseDecreaseInAccountsReceivable`	$9.97M	USD	2 Qtrs
Trade receivables, net	`IncreaseDecreaseInAccountsReceivable`	$4.48M	USD	2 Qtrs
Inventories, net	`IncreaseDecreaseInInventories`	$-587.00K	USD	2 Qtrs
Inventories, net	`IncreaseDecreaseInInventories`	$1.43M	USD	2 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-445.00K	USD	2 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-1.05M	USD	2 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-7.00K	USD	2 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$132.00K	USD	2 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$443.00K	USD	2 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-618.00K	USD	2 Qtrs
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$53.00K	USD	2 Qtrs
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$70.00K	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$27.37M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$22.35M	USD	2 Qtrs
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$11.48M	USD	2 Qtrs
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$17.78M	USD	2 Qtrs
Acquisition of a business, net of cash acquired	`PaymentsToAcquireBusinessesGross`	$5.63M	USD	2 Qtrs
Proceeds from sale of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$221.00K	USD	2 Qtrs
Proceeds from sale of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$10.00K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-16.89M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-17.77M	USD	2 Qtrs
Cash dividends paid	`PaymentsOfDividendsCommonStock`	$1.10M	USD	Point-in-time
Cash dividends paid	`PaymentsOfDividendsCommonStock`	$1.81M	USD	2 Qtrs
Cash dividends paid	`PaymentsOfDividendsCommonStock`	$1.10M	USD	Point-in-time
Cash dividends paid	`PaymentsOfDividendsCommonStock`	$2.27M	USD	2 Qtrs
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$120.00K	USD	2 Qtrs
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$83.00K	USD	2 Qtrs
Purchase of treasury shares	`PaymentsForRepurchaseOfCommonStock`	$95.00K	USD	2 Qtrs
Purchase of treasury shares	`PaymentsForRepurchaseOfCommonStock`	$86.00K	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-1.82M	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-2.23M	USD	2 Qtrs
Net increase in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$7.79M	USD	2 Qtrs
Net increase in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$3.23M	USD	2 Qtrs
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$91.35M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$108.58M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$105.36M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$83.56M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$91.35M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$108.58M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$105.36M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$83.56M	USD	Point-in-time

Stockholders Equity 30 line items

Line Item	Tag	Value	Unit	Period
Balances	`StockholdersEquity`	$278.21M	USD	Point-in-time
Balances	`StockholdersEquity`	$296.17M	USD	Point-in-time
Balances	`StockholdersEquity`	$249.77M	USD	Point-in-time
Balances	`StockholdersEquity`	$243.19M	USD	Point-in-time
Balances	`StockholdersEquity`	$286.31M	USD	Point-in-time
Balances	`StockholdersEquity`	$260.61M	USD	Point-in-time
Stock options exercised	`StockIssuedDuringPeriodValueStockOptionsExercisedNetOfTaxBenefitExpenses`	$83.00K	USD	1 Quarter
Stock options exercised	`StockIssuedDuringPeriodValueStockOptionsExercisedNetOfTaxBenefitExpenses`	$120.00K	USD	1 Quarter
Stock-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$571.00K	USD	1 Quarter
Stock-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$547.00K	USD	1 Quarter
Stock-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$640.00K	USD	1 Quarter
Stock-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$651.00K	USD	1 Quarter
Treasury shares purchased	`TreasuryStockValueAcquiredCostMethod`	$95.00K	USD	1 Quarter
Treasury shares purchased	`TreasuryStockValueAcquiredCostMethod`	$86.00K	USD	1 Quarter
Cash dividends paid	`DividendsCommonStock`	$904.00K	USD	1 Quarter
Cash dividends paid	`DividendsCommonStock`	$905.00K	USD	1 Quarter
Cash dividends paid	`DividendsCommonStock`	$1.13M	USD	1 Quarter
Cash dividends paid	`DividendsCommonStock`	$1.13M	USD	1 Quarter
Net income	`NetIncomeLoss`	$11.09M	USD	1 Quarter
Net income	`NetIncomeLoss`	$8.67M	USD	1 Quarter
Net income	`NetIncomeLoss`	$18.91M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$18.12M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$10.24M	USD	1 Quarter
Net income	`NetIncomeLoss`	$7.03M	USD	1 Quarter
Balances	`StockholdersEquity`	$278.21M	USD	Point-in-time
Balances	`StockholdersEquity`	$296.17M	USD	Point-in-time
Balances	`StockholdersEquity`	$249.77M	USD	Point-in-time
Balances	`StockholdersEquity`	$243.19M	USD	Point-in-time
Balances	`StockholdersEquity`	$286.31M	USD	Point-in-time
Balances	`StockholdersEquity`	$260.61M	USD	Point-in-time

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