10-Q Filing

LSB INDUSTRIES, INC. CIK: 60714 Q1 2016

Filing Information

Form Type	10-Q
Accession Number	`0001564590-16-017698`
Period End Date	20160331
Filing Date	20160504
Fiscal Year	2016
Fiscal Period	Q1
XBRL Instance	lxu-20160331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 76 Income Statement 36 Cash Flow Statement 63 Stockholders Equity 11

Balance Sheet 76 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$161.56M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$39.53M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$186.81M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$127.31M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$92.60M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$87.50M	USD	Point-in-time
Finished goods	`InventoryFinishedGoodsNetOfReserves`	$26.43M	USD	Point-in-time
Finished goods	`InventoryFinishedGoodsNetOfReserves`	$24.38M	USD	Point-in-time
Work in progress	`InventoryWorkInProcess`	$2.04M	USD	Point-in-time
Work in progress	`InventoryWorkInProcess`	$1.89M	USD	Point-in-time
Raw materials	`InventoryRawMaterials`	$20.31M	USD	Point-in-time
Raw materials	`InventoryRawMaterials`	$26.81M	USD	Point-in-time
Total inventories	`InventoryNet`	$53.24M	USD	Point-in-time
Total inventories	`InventoryNet`	$48.64M	USD	Point-in-time
Prepaid insurance	`PrepaidInsurance`	$7.96M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.10	USD	Point-in-time
Prepaid insurance	`PrepaidInsurance`	$10.56M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.10	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	75.00M	shares	Point-in-time
Precious metals	`PreciousMetals`	$12.67M	USD	Point-in-time
Precious metals	`PreciousMetals`	$12.92M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	75.00M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	27.13M	shares	Point-in-time
Supplies	`Supplies`	$18.68M	USD	Point-in-time
Supplies	`Supplies`	$20.00M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	27.14M	shares	Point-in-time
Treasury stock, common shares	`TreasuryStockShares`	3.28M	shares	Point-in-time
Treasury stock, common shares	`TreasuryStockShares`	3.74M	shares	Point-in-time
Prepaid and refundable income taxes	`PrepaidTaxes`	$5.95M	USD	Point-in-time
Prepaid and refundable income taxes	`PrepaidTaxes`	$6.81M	USD	Point-in-time
Other	`OtherPrepaidExpenseCurrent`	$5.80M	USD	Point-in-time
Other	`OtherPrepaidExpenseCurrent`	$4.45M	USD	Point-in-time
Total supplies, prepaid items and other	`SuppliesPrepaidItemsAndOther`	$54.77M	USD	Point-in-time
Total supplies, prepaid items and other	`SuppliesPrepaidItemsAndOther`	$51.03M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$4.59M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$4.77M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$332.70M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$231.28M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$1.09B	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$1.01B	USD	Point-in-time
Intangible and other, net	`IntangiblesAndOtherAssetsNet`	$24.06M	USD	Point-in-time
Intangible and other, net	`IntangiblesAndOtherAssetsNet`	$23.64M	USD	Point-in-time
Total assets	`Assets`	$1.34B	USD	Point-in-time
Total assets	`Assets`	$1.36B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$108.00M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$106.85M	USD	Point-in-time
Short-term financing	`ShortTermBorrowings`	$6.40M	USD	Point-in-time
Short-term financing	`ShortTermBorrowings`	$9.12M	USD	Point-in-time
Accrued and other liabilities	`OtherLiabilitiesCurrent`	$52.33M	USD	Point-in-time
Accrued and other liabilities	`OtherLiabilitiesCurrent`	$42.05M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$22.47M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$16.84M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$172.14M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$191.92M	USD	Point-in-time
Long-term debt, net	`LongTermDebtAndCapitalLeaseObligations`	$511.68M	USD	Point-in-time
Long-term debt, net	`LongTermDebtAndCapitalLeaseObligations`	$497.95M	USD	Point-in-time
Noncurrent accrued and other liabilities	`OtherLiabilitiesNoncurrent`	$20.92M	USD	Point-in-time
Noncurrent accrued and other liabilities	`OtherLiabilitiesNoncurrent`	$23.75M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$52.18M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$50.72M	USD	Point-in-time
Commitments and contingencies (Note 8)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 8)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock, $.10 par value; 75,000,000 shares authorized, 27,137,599 shares issued (27,131,724 shares at December 31, 2015)	`CommonStockValue`	$2.71M	USD	Point-in-time
Common stock, $.10 par value; 75,000,000 shares authorized, 27,137,599 shares issued (27,131,724 shares at December 31, 2015)	`CommonStockValue`	$2.71M	USD	Point-in-time
Capital in excess of par value	`AdditionalPaidInCapital`	$190.38M	USD	Point-in-time
Capital in excess of par value	`AdditionalPaidInCapital`	$192.25M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$223.62M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$248.15M	USD	Point-in-time
Stockholders equity including treasury stock	`StockholdersEquityBeforeTreasuryStock`	$419.71M	USD	Point-in-time
Stockholders equity including treasury stock	`StockholdersEquityBeforeTreasuryStock`	$446.11M	USD	Point-in-time
Common stock, 3,283,081 shares (3,735,503 shares at December 31, 2015)	`TreasuryStockValue`	$21.56M	USD	Point-in-time
Common stock, 3,283,081 shares (3,735,503 shares at December 31, 2015)	`TreasuryStockValue`	$24.53M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$398.15M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$421.58M	USD	Point-in-time
Total Liabilities and Stockholders' equity	`LiabilitiesAndStockholdersEquity`	$1.34B	USD	Point-in-time
Total Liabilities and Stockholders' equity	`LiabilitiesAndStockholdersEquity`	$1.36B	USD	Point-in-time

Income Statement 36 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueNet`	$165.60M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$198.80M	USD	1 Quarter
Cost of sales	`CostOfRevenue`	$150.59M	USD	1 Quarter
Cost of sales	`CostOfRevenue`	$158.04M	USD	1 Quarter
Gross profit	`GrossProfit`	$40.76M	USD	1 Quarter
Gross profit	`GrossProfit`	$15.01M	USD	1 Quarter
Selling, general and administrative expense	`SellingGeneralAndAdministrativeExpense`	$26.61M	USD	1 Quarter
Selling, general and administrative expense	`SellingGeneralAndAdministrativeExpense`	$26.86M	USD	1 Quarter
Other expense (income), net	`OtherOperatingIncomeExpenseNet`	$-390.00K	USD	1 Quarter
Other expense (income), net	`OtherOperatingIncomeExpenseNet`	$77.00K	USD	1 Quarter
Operating income (loss)	`OperatingIncomeLoss`	$-12.24M	USD	1 Quarter
Operating income (loss)	`OperatingIncomeLoss`	$14.22M	USD	1 Quarter
Interest expense, net	`InterestExpense`	$1.35M	USD	1 Quarter
Interest expense, net	`InterestExpense`	$3.40M	USD	1 Quarter
Non-operating other expense (income), net	`OtherNonoperatingIncomeExpense`	$35.00K	USD	1 Quarter
Non-operating other expense (income), net	`OtherNonoperatingIncomeExpense`	$-1.96M	USD	1 Quarter
Income (loss) from continuing operations before provision (benefit) for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-15.55M	USD	1 Quarter
Income (loss) from continuing operations before provision (benefit) for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$10.86M	USD	1 Quarter
Provision (benefit) for income taxes	`IncomeTaxExpenseBenefit`	$4.18M	USD	1 Quarter
Provision (benefit) for income taxes	`IncomeTaxExpenseBenefit`	$-610.00K	USD	1 Quarter
Income (loss) from continuing operations	`IncomeLossFromContinuingOperations`	$6.68M	USD	1 Quarter
Income (loss) from continuing operations	`IncomeLossFromContinuingOperations`	$-14.94M	USD	1 Quarter
Net loss from discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity`	$-30.00K	USD	1 Quarter
Net loss from discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity`	$-2.00K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-14.94M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$6.65M	USD	1 Quarter
Dividends on convertible preferred stocks	`DividendsPreferredStockCash`	$75.00K	USD	1 Quarter
Dividends on convertible preferred stocks	`DividendsPreferredStockCash`	$300.00K	USD	1 Quarter
Dividend on Series E redeemable preferred stock	`TemporaryEquityAccretionOfDividends`	$7.35M	USD	1 Quarter
Accretion of Series E redeemable preferred stock	`TemporaryEquityAccretionToRedemptionValueAdjustment`	$2.24M	USD	1 Quarter
Net income (loss) attributable to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$6.35M	USD	1 Quarter
Net income (loss) attributable to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-24.61M	USD	1 Quarter
Income (loss) from continuing operations	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	$0.28	USD	1 Quarter
Income (loss) from continuing operations	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	$-1.08	USD	1 Quarter
Net income (loss)	`EarningsPerShareBasicAndDiluted`	$-1.08	USD	1 Quarter
Net income (loss)	`EarningsPerShareBasicAndDiluted`	$0.28	USD	1 Quarter

Cash Flow Statement 63 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$-14.94M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$6.65M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-1.33M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$3.18M	USD	1 Quarter
Depreciation, depletion and amortization of property, plant and equipment	`Depreciation`	$11.68M	USD	1 Quarter
Depreciation, depletion and amortization of property, plant and equipment	`Depreciation`	$9.00M	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$-2.27M	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$795.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$1.91M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$2.35M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-7.05M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$1.48M	USD	1 Quarter
Prepaid insurance	`IncreaseDecreaseInPrepaidInsurance`	$-2.60M	USD	1 Quarter
Prepaid insurance	`IncreaseDecreaseInPrepaidInsurance`	$-3.74M	USD	1 Quarter
Prepaid and accrued income taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$4.64M	USD	1 Quarter
Prepaid and accrued income taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$858.00K	USD	1 Quarter
Other supplies, prepaid items and other	`IncreaseDecreaseInOtherOperatingAssets`	$-932.00K	USD	1 Quarter
Other supplies, prepaid items and other	`IncreaseDecreaseInOtherOperatingAssets`	$-342.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$1.63M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$10.84M	USD	1 Quarter
Accrued interest	`IncreaseDecreaseInInterestPayableNet`	$-8.08M	USD	1 Quarter
Accrued interest	`IncreaseDecreaseInInterestPayableNet`	$-8.09M	USD	1 Quarter
Customer deposits	`IncreaseDecreaseInCustomerDeposits`	$1.02M	USD	1 Quarter
Customer deposits	`IncreaseDecreaseInCustomerDeposits`	$-3.00M	USD	1 Quarter
Other current and noncurrent liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-1.46M	USD	1 Quarter
Other current and noncurrent liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$3.68M	USD	1 Quarter
Net cash provided by continuing operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$12.60M	USD	1 Quarter
Net cash provided by continuing operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$14.09M	USD	1 Quarter
Expenditures for property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$104.29M	USD	1 Quarter
Expenditures for property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$66.84M	USD	1 Quarter
Purchases of short-term investments	`PaymentsToAcquireShortTermInvestments`	$10.00M	USD	1 Quarter
Proceeds from noncurrent restricted cash and cash equivalents	`DecreaseInRestrictedCash`	$45.97M	USD	1 Quarter
Other investing activities	`PaymentsForProceedsFromOtherInvestingActivities`	$1.08M	USD	1 Quarter
Other investing activities	`PaymentsForProceedsFromOtherInvestingActivities`	$514.00K	USD	1 Quarter
Net cash used by continuing investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-104.80M	USD	1 Quarter
Net cash used by continuing investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-31.95M	USD	1 Quarter
Proceeds from revolving debt facility	`ProceedsFromLinesOfCredit`	$25.00M	USD	1 Quarter
Payments on revolving debt facility	`RepaymentsOfLinesOfCredit`	$25.00M	USD	1 Quarter
Proceeds from other long-term debt, net of fees	`ProceedsFromIssuanceOfOtherLongTermDebt`	$9.95M	USD	1 Quarter
Payments on other long-term debt	`RepaymentsOfOtherLongTermDebt`	$2.88M	USD	1 Quarter
Payments on other long-term debt	`RepaymentsOfOtherLongTermDebt`	$3.01M	USD	1 Quarter
Payments of debt issuance costs	`PaymentsOfDebtIssuanceCosts`	$476.00K	USD	1 Quarter
Payments of issuance costs relating to preferred stocks and warrants	`PaymentsOfPreferredStocksAndWarrantsIssuanceCosts`	$785.00K	USD	1 Quarter
Payments on short-term financing	`RepaymentsOfShortTermDebt`	$3.57M	USD	1 Quarter
Payments on short-term financing	`RepaymentsOfShortTermDebt`	$2.72M	USD	1 Quarter
Proceeds from exercises of stock options	`ProceedsFromStockOptionsExercised`	$49.00K	USD	1 Quarter
Proceeds from exercises of stock options	`ProceedsFromStockOptionsExercised`	$742.00K	USD	1 Quarter
Excess income tax benefit associated with stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$129.00K	USD	1 Quarter
Dividends paid on convertible preferred stocks	`PaymentsOfDividendsPreferredStockAndPreferenceStock`	$300.00K	USD	1 Quarter
Net cash provided (used) by continuing financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-5.88M	USD	1 Quarter
Net cash provided (used) by continuing financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$3.00M	USD	1 Quarter
Operating cash flows	`CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations`	$-79.00K	USD	1 Quarter
Operating cash flows	`CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations`	$-32.00K	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-87.78M	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-25.25M	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$161.56M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$39.53M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$186.81M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$127.31M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$161.56M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$39.53M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$186.81M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$127.31M	USD	Point-in-time

Stockholders Equity 11 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$398.15M	USD	Point-in-time
Balance	`StockholdersEquity`	$421.58M	USD	Point-in-time
Net loss	`NetIncomeLoss`	$-14.94M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$6.65M	USD	1 Quarter
Dividend accrued on redeemable preferred stock	`TemporaryEquityAccretionOfDividends`	$7.35M	USD	1 Quarter
Accretion of redeemable preferred stock	`TemporaryEquityAccretionToRedemptionValueAdjustment`	$2.24M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$1.10M	USD	1 Quarter
Exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$49.00K	USD	1 Quarter
Excess income tax detriment associated with stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalIncomeTaxDeficiencyFromShareBasedCompensation`	$51.00K	USD	1 Quarter
Balance	`StockholdersEquity`	$398.15M	USD	Point-in-time
Balance	`StockholdersEquity`	$421.58M	USD	Point-in-time

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