10-Q Filing

UNITED STATES LIME & MINERALS INC CIK: 82020 Q3 2023

Filing Information

Form Type	10-Q
Accession Number	`0001558370-23-017442`
Period End Date	20230930
Filing Date	20231102
Fiscal Year	2023
Fiscal Period	Q3
XBRL Instance	uslm-20230930x10q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 57 Income Statement 56 Cash Flow Statement 54 Stockholders Equity 40

Balance Sheet 57 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$133.38M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$176.31M	USD	Point-in-time
Trade receivables, net	`AccountsReceivableNetCurrent`	$33.59M	USD	Point-in-time
Trade receivables, net	`AccountsReceivableNetCurrent`	$44.06M	USD	Point-in-time
Inventories, net	`InventoryNet`	$19.58M	USD	Point-in-time
Inventories, net	`InventoryNet`	$23.78M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$2.25M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$3.44M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$246.39M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$189.99M	USD	Point-in-time
Property, plant and equipment	`PropertyPlantAndEquipmentGross`	$441.60M	USD	Point-in-time
Property, plant and equipment	`PropertyPlantAndEquipmentGross`	$456.53M	USD	Point-in-time
Less accumulated depreciation and depletion	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$284.47M	USD	Point-in-time
Less accumulated depreciation and depletion	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$269.63M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$171.97M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$172.06M	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$5.01M	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$5.37M	USD	Point-in-time
Other assets, net	`OtherAssetsNoncurrent`	$440.00K	USD	Point-in-time
Other assets, net	`OtherAssetsNoncurrent`	$590.00K	USD	Point-in-time
Total assets	`Assets`	$355.88M	USD	Point-in-time
Total assets	`Assets`	$424.06M	USD	Point-in-time
Total assets	`Assets`	$367.77M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$8.07M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$7.72M	USD	Point-in-time
Current portion of operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$1.49M	USD	Point-in-time
Current portion of operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$1.41M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$6.40M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$6.44M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$16.00M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$15.54M	USD	Point-in-time
Deferred tax liabilities, net	`DeferredIncomeTaxLiabilitiesNet`	$25.58M	USD	Point-in-time
Deferred tax liabilities, net	`DeferredIncomeTaxLiabilitiesNet`	$25.26M	USD	Point-in-time
Operating lease liabilities, excluding current portion	`OperatingLeaseLiabilityNoncurrent`	$4.13M	USD	Point-in-time
Operating lease liabilities, excluding current portion	`OperatingLeaseLiabilityNoncurrent`	$3.74M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$1.44M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$1.42M	USD	Point-in-time
Total liabilities	`Liabilities`	$46.42M	USD	Point-in-time
Total liabilities	`Liabilities`	$46.68M	USD	Point-in-time
Common stock	`CommonStockValue`	$671.00K	USD	Point-in-time
Common stock	`CommonStockValue`	$672.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$37.03M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$34.53M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$342.50M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$396.64M	USD	Point-in-time
Less treasury stock, at cost	`TreasuryStockCommonValue`	$56.71M	USD	Point-in-time
Less treasury stock, at cost	`TreasuryStockCommonValue`	$56.62M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$296.17M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$311.40M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$321.09M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$357.25M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$278.21M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$337.88M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$286.31M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$377.63M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$367.77M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$424.06M	USD	Point-in-time

Income Statement 56 line items

Line Item	Tag	Value	Unit	Period
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$66.46M	USD	1 Quarter
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$215.64M	USD	3 Qtrs
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$177.86M	USD	3 Qtrs
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$74.88M	USD	1 Quarter
Labor and other operating expenses	`LaborAndOtherOperatingExpenses`	$38.22M	USD	1 Quarter
Labor and other operating expenses	`LaborAndOtherOperatingExpenses`	$118.80M	USD	3 Qtrs
Labor and other operating expenses	`LaborAndOtherOperatingExpenses`	$108.02M	USD	3 Qtrs
Labor and other operating expenses	`LaborAndOtherOperatingExpenses`	$40.83M	USD	1 Quarter
Depreciation, depletion and amortization	`CostDepreciationAmortizationAndDepletion`	$5.90M	USD	1 Quarter
Depreciation, depletion and amortization	`CostDepreciationAmortizationAndDepletion`	$5.65M	USD	1 Quarter
Depreciation, depletion and amortization	`CostDepreciationAmortizationAndDepletion`	$17.56M	USD	3 Qtrs
Depreciation, depletion and amortization	`CostDepreciationAmortizationAndDepletion`	$16.30M	USD	3 Qtrs
Total cost of revenues	`CostOfGoodsAndServicesSold`	$43.87M	USD	1 Quarter
Total cost of revenues	`CostOfGoodsAndServicesSold`	$46.72M	USD	1 Quarter
Total cost of revenues	`CostOfGoodsAndServicesSold`	$136.36M	USD	3 Qtrs
Total cost of revenues	`CostOfGoodsAndServicesSold`	$124.32M	USD	3 Qtrs
Gross profit	`GrossProfit`	$22.59M	USD	1 Quarter
Gross profit	`GrossProfit`	$53.54M	USD	3 Qtrs
Gross profit	`GrossProfit`	$79.28M	USD	3 Qtrs
Gross profit	`GrossProfit`	$28.16M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$3.54M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$12.83M	USD	3 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$4.36M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$11.03M	USD	3 Qtrs
Operating profit	`OperatingIncomeLoss`	$19.05M	USD	1 Quarter
Operating profit	`OperatingIncomeLoss`	$42.51M	USD	3 Qtrs
Operating profit	`OperatingIncomeLoss`	$66.45M	USD	3 Qtrs
Operating profit	`OperatingIncomeLoss`	$23.80M	USD	1 Quarter
Other (income) expense, net	`NonoperatingIncomeExpense`	$5.53M	USD	3 Qtrs
Other (income) expense, net	`NonoperatingIncomeExpense`	$625.00K	USD	3 Qtrs
Other (income) expense, net	`NonoperatingIncomeExpense`	$2.20M	USD	1 Quarter
Other (income) expense, net	`NonoperatingIncomeExpense`	$514.00K	USD	1 Quarter
Income before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$26.00M	USD	1 Quarter
Income before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$19.56M	USD	1 Quarter
Income before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$43.14M	USD	3 Qtrs
Income before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$71.98M	USD	3 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$14.43M	USD	3 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$3.83M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$8.51M	USD	3 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$5.26M	USD	1 Quarter
Net income	`NetIncomeLoss`	$57.55M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$34.63M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$17.10M	USD	1 Quarter
Net income	`NetIncomeLoss`	$19.71M	USD	1 Quarter
Net income	`NetIncomeLoss`	$8.67M	USD	1 Quarter
Net income	`NetIncomeLoss`	$20.73M	USD	1 Quarter
Net income	`NetIncomeLoss`	$15.73M	USD	1 Quarter
Net income	`NetIncomeLoss`	$10.24M	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$2.77	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$6.11	USD	3 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$10.11	USD	3 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$3.64	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$6.10	USD	3 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$2.77	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$10.09	USD	3 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$3.63	USD	1 Quarter

Cash Flow Statement 54 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$34.63M	USD	3 Qtrs
Net income	`ProfitLoss`	$57.55M	USD	3 Qtrs
Depreciation, depletion and amortization	`DepreciationDepletionAndAmortization`	$17.78M	USD	3 Qtrs
Depreciation, depletion and amortization	`DepreciationDepletionAndAmortization`	$16.51M	USD	3 Qtrs
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$2.00K	USD	3 Qtrs
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$9.00K	USD	3 Qtrs
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$-319.00K	USD	3 Qtrs
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$2.18M	USD	3 Qtrs
Gain on disposition of property, plant and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$85.00K	USD	3 Qtrs
Gain on disposition of property, plant and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$210.00K	USD	3 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$1.93M	USD	3 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$2.40M	USD	3 Qtrs
Trade receivables, net	`IncreaseDecreaseInAccountsReceivable`	$10.47M	USD	3 Qtrs
Trade receivables, net	`IncreaseDecreaseInAccountsReceivable`	$12.40M	USD	3 Qtrs
Inventories, net	`IncreaseDecreaseInInventories`	$2.37M	USD	3 Qtrs
Inventories, net	`IncreaseDecreaseInInventories`	$4.20M	USD	3 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-1.19M	USD	3 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-1.08M	USD	3 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-10.00K	USD	3 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$159.00K	USD	3 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$2.45M	USD	3 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$949.00K	USD	3 Qtrs
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$42.00K	USD	3 Qtrs
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$96.00K	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$64.68M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$43.92M	USD	3 Qtrs
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$18.12M	USD	3 Qtrs
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$20.54M	USD	3 Qtrs
Acquisition of a business, net of cash acquired	`PaymentsToAcquireBusinessesGross`	$5.63M	USD	3 Qtrs
Proceeds from sale of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$2.18M	USD	3 Qtrs
Proceeds from sale of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$504.00K	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-18.36M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-23.25M	USD	3 Qtrs
Cash dividends paid	`PaymentsOfDividendsCommonStock`	$1.10M	USD	Point-in-time
Cash dividends paid	`PaymentsOfDividendsCommonStock`	$3.42M	USD	3 Qtrs
Cash dividends paid	`PaymentsOfDividendsCommonStock`	$1.10M	USD	Point-in-time
Cash dividends paid	`PaymentsOfDividendsCommonStock`	$1.10M	USD	Point-in-time
Cash dividends paid	`PaymentsOfDividendsCommonStock`	$3.40M	USD	3 Qtrs
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$113.00K	USD	3 Qtrs
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$120.00K	USD	3 Qtrs
Purchase of treasury shares	`PaymentsForRepurchaseOfCommonStock`	$86.00K	USD	3 Qtrs
Purchase of treasury shares	`PaymentsForRepurchaseOfCommonStock`	$98.00K	USD	3 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-3.37M	USD	3 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-3.40M	USD	3 Qtrs
Net increase in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$17.30M	USD	3 Qtrs
Net increase in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$42.92M	USD	3 Qtrs
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$133.38M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$176.31M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$122.66M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$105.36M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$133.38M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$176.31M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$122.66M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$105.36M	USD	Point-in-time

Stockholders Equity 40 line items

Line Item	Tag	Value	Unit	Period
Balances	`StockholdersEquity`	$296.17M	USD	Point-in-time
Balances	`StockholdersEquity`	$311.40M	USD	Point-in-time
Balances	`StockholdersEquity`	$321.09M	USD	Point-in-time
Balances	`StockholdersEquity`	$357.25M	USD	Point-in-time
Balances	`StockholdersEquity`	$278.21M	USD	Point-in-time
Balances	`StockholdersEquity`	$337.88M	USD	Point-in-time
Balances	`StockholdersEquity`	$286.31M	USD	Point-in-time
Balances	`StockholdersEquity`	$377.63M	USD	Point-in-time
Stock options exercised	`StockIssuedDuringPeriodValueStockOptionsExercisedNetOfTaxBenefitExpenses`	$113.00K	USD	1 Quarter
Stock options exercised	`StockIssuedDuringPeriodValueStockOptionsExercisedNetOfTaxBenefitExpenses`	$120.00K	USD	1 Quarter
Stock-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$640.00K	USD	1 Quarter
Stock-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$651.00K	USD	1 Quarter
Stock-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$812.00K	USD	1 Quarter
Stock-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$787.00K	USD	1 Quarter
Stock-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$641.00K	USD	1 Quarter
Stock-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$796.00K	USD	1 Quarter
Treasury shares purchased	`TreasuryStockValueAcquiredCostMethod`	$98.00K	USD	1 Quarter
Treasury shares purchased	`TreasuryStockValueAcquiredCostMethod`	$86.00K	USD	1 Quarter
Cash dividends paid	`DividendsCommonStock`	$1.13M	USD	1 Quarter
Cash dividends paid	`DividendsCommonStock`	$1.14M	USD	1 Quarter
Cash dividends paid	`DividendsCommonStock`	$1.14M	USD	1 Quarter
Cash dividends paid	`DividendsCommonStock`	$1.14M	USD	1 Quarter
Cash dividends paid	`DividendsCommonStock`	$1.14M	USD	1 Quarter
Cash dividends paid	`DividendsCommonStock`	$1.13M	USD	1 Quarter
Net income	`NetIncomeLoss`	$57.55M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$34.63M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$17.10M	USD	1 Quarter
Net income	`NetIncomeLoss`	$19.71M	USD	1 Quarter
Net income	`NetIncomeLoss`	$8.67M	USD	1 Quarter
Net income	`NetIncomeLoss`	$20.73M	USD	1 Quarter
Net income	`NetIncomeLoss`	$15.73M	USD	1 Quarter
Net income	`NetIncomeLoss`	$10.24M	USD	1 Quarter
Balances	`StockholdersEquity`	$296.17M	USD	Point-in-time
Balances	`StockholdersEquity`	$311.40M	USD	Point-in-time
Balances	`StockholdersEquity`	$321.09M	USD	Point-in-time
Balances	`StockholdersEquity`	$357.25M	USD	Point-in-time
Balances	`StockholdersEquity`	$278.21M	USD	Point-in-time
Balances	`StockholdersEquity`	$337.88M	USD	Point-in-time
Balances	`StockholdersEquity`	$286.31M	USD	Point-in-time
Balances	`StockholdersEquity`	$377.63M	USD	Point-in-time

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