10-Q Filing

LSB INDUSTRIES, INC. CIK: 60714 Q1 2017

Filing Information

Form Type	10-Q
Accession Number	`0001564590-17-007000`
Period End Date	20170331
Filing Date	20170424
Fiscal Year	2017
Fiscal Period	Q1
XBRL Instance	lxu-20170331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 72 Income Statement 34 Cash Flow Statement 62 Stockholders Equity 11

Balance Sheet 72 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$60.02M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$39.33M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$127.19M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$45.04M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$51.30M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$75.28M	USD	Point-in-time
Finished goods	`InventoryFinishedGoodsNetOfReserves`	$19.04M	USD	Point-in-time
Finished goods	`InventoryFinishedGoodsNetOfReserves`	$17.32M	USD	Point-in-time
Raw materials	`InventoryRawMaterials`	$3.70M	USD	Point-in-time
Raw materials	`InventoryRawMaterials`	$3.90M	USD	Point-in-time
Total inventories	`InventoryNet`	$21.02M	USD	Point-in-time
Total inventories	`InventoryNet`	$22.94M	USD	Point-in-time
Prepaid insurance	`PrepaidInsurance`	$11.22M	USD	Point-in-time
Prepaid insurance	`PrepaidInsurance`	$8.19M	USD	Point-in-time
Precious metals	`PreciousMetals`	$8.65M	USD	Point-in-time
Precious metals	`PreciousMetals`	$7.46M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.10	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
Supplies	`Supplies`	$24.10M	USD	Point-in-time
Supplies	`Supplies`	$24.98M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	75.00M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	31.28M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	31.28M	shares	Point-in-time
Prepaid and refundable income taxes	`PrepaidTaxes`	$1.19M	USD	Point-in-time
Prepaid and refundable income taxes	`PrepaidTaxes`	$1.08M	USD	Point-in-time
Treasury stock, common shares	`TreasuryStockShares`	3.00M	shares	Point-in-time
Other	`OtherPrepaidExpenseCurrent`	$1.73M	USD	Point-in-time
Treasury stock, common shares	`TreasuryStockShares`	2.88M	shares	Point-in-time
Other	`OtherPrepaidExpenseCurrent`	$2.97M	USD	Point-in-time
Total supplies, prepaid items and other	`SuppliesPrepaidItemsAndOther`	$46.89M	USD	Point-in-time
Total supplies, prepaid items and other	`SuppliesPrepaidItemsAndOther`	$44.68M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$186.02M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$181.15M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$1.07B	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$1.08B	USD	Point-in-time
Intangible and other assets, net	`IntangiblesAndOtherAssetsNet`	$9.58M	USD	Point-in-time
Intangible and other assets, net	`IntangiblesAndOtherAssetsNet`	$10.32M	USD	Point-in-time
Total assets	`Assets`	$1.27B	USD	Point-in-time
Total assets	`Assets`	$1.26B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$53.34M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$54.25M	USD	Point-in-time
Short-term financing	`ShortTermBorrowings`	$5.43M	USD	Point-in-time
Short-term financing	`ShortTermBorrowings`	$8.22M	USD	Point-in-time
Accrued and other liabilities	`OtherLiabilitiesCurrent`	$52.78M	USD	Point-in-time
Accrued and other liabilities	`OtherLiabilitiesCurrent`	$44.04M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$11.75M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$13.74M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$120.25M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$123.30M	USD	Point-in-time
Long-term debt, net	`LongTermDebtAndCapitalLeaseObligations`	$406.48M	USD	Point-in-time
Long-term debt, net	`LongTermDebtAndCapitalLeaseObligations`	$405.52M	USD	Point-in-time
Noncurrent accrued and other liabilities	`OtherLiabilitiesNoncurrent`	$12.33M	USD	Point-in-time
Noncurrent accrued and other liabilities	`OtherLiabilitiesNoncurrent`	$10.43M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$91.53M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$93.83M	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, 31,280,685 shares issued	`CommonStockValue`	$3.13M	USD	Point-in-time
Common stock, $.10 par value; 75,000,000 shares authorized, 31,280,685 shares issued	`CommonStockValue`	$3.13M	USD	Point-in-time
Capital in excess of par value	`AdditionalPaidInCapital`	$192.17M	USD	Point-in-time
Capital in excess of par value	`AdditionalPaidInCapital`	$192.43M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$314.30M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$302.24M	USD	Point-in-time
Stockholders equity including treasury stock	`StockholdersEquityBeforeTreasuryStock`	$500.80M	USD	Point-in-time
Stockholders equity including treasury stock	`StockholdersEquityBeforeTreasuryStock`	$512.60M	USD	Point-in-time
Common stock, 2,875,582 shares (3,004,855 shares at December 31, 2016)	`TreasuryStockValue`	$19.24M	USD	Point-in-time
Common stock, 2,875,582 shares (3,004,855 shares at December 31, 2016)	`TreasuryStockValue`	$20.09M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$492.51M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$481.56M	USD	Point-in-time
Total Liabilities and Stockholders' equity	`LiabilitiesAndStockholdersEquity`	$1.27B	USD	Point-in-time
Total Liabilities and Stockholders' equity	`LiabilitiesAndStockholdersEquity`	$1.26B	USD	Point-in-time

Income Statement 34 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueNet`	$98.97M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$123.34M	USD	1 Quarter
Cost of sales	`CostOfRevenue`	$111.73M	USD	1 Quarter
Cost of sales	`CostOfRevenue`	$105.14M	USD	1 Quarter
Gross profit (loss)	`GrossProfit`	$-6.16M	USD	1 Quarter
Gross profit (loss)	`GrossProfit`	$11.62M	USD	1 Quarter
Selling, general and administrative expense	`SellingGeneralAndAdministrativeExpense`	$10.89M	USD	1 Quarter
Selling, general and administrative expense	`SellingGeneralAndAdministrativeExpense`	$10.54M	USD	1 Quarter
Other expense (income), net	`OtherOperatingIncomeExpenseNet`	$1.25M	USD	1 Quarter
Other expense (income), net	`OtherOperatingIncomeExpenseNet`	$-251.00K	USD	1 Quarter
Operating income (loss)	`OperatingIncomeLoss`	$2.32M	USD	1 Quarter
Operating income (loss)	`OperatingIncomeLoss`	$-17.31M	USD	1 Quarter
Interest expense, net	`InterestExpense`	$9.36M	USD	1 Quarter
Interest expense, net	`InterestExpense`	$1.35M	USD	1 Quarter
Non-operating other expense, net	`OtherNonoperatingIncomeExpense`	$-1.96M	USD	1 Quarter
Non-operating other expense, net	`OtherNonoperatingIncomeExpense`	$-231.00K	USD	1 Quarter
Loss from continuing operations before benefit for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-20.61M	USD	1 Quarter
Loss from continuing operations before benefit for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-7.27M	USD	1 Quarter
Benefit for income taxes	`IncomeTaxExpenseBenefit`	$-1.28M	USD	1 Quarter
Benefit for income taxes	`IncomeTaxExpenseBenefit`	$-4.85M	USD	1 Quarter
Loss from continuing operations	`IncomeLossFromContinuingOperations`	$-5.99M	USD	1 Quarter
Loss from continuing operations	`IncomeLossFromContinuingOperations`	$-15.77M	USD	1 Quarter
Income from discontinued operations, net of taxes	`IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity`	$824.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-14.94M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-5.99M	USD	1 Quarter
Dividends on convertible preferred stocks	`DividendsPreferredStockCash`	$75.00K	USD	1 Quarter
Dividends on convertible preferred stocks	`DividendsPreferredStockCash`	$75.00K	USD	1 Quarter
Net loss attributable to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-24.61M	USD	1 Quarter
Net loss attributable to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-13.20M	USD	1 Quarter
Loss from continuing operations	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	$-1.11	USD	1 Quarter
Loss from continuing operations	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	$-0.48	USD	1 Quarter
Income from discontinued operations, net of taxes	`DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerBasicAndDilutedShare`	$0.03	USD	1 Quarter
Net loss	`EarningsPerShareBasicAndDiluted`	$-1.08	USD	1 Quarter
Net loss	`EarningsPerShareBasicAndDiluted`	$-0.48	USD	1 Quarter

Cash Flow Statement 62 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-14.94M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-5.99M	USD	1 Quarter
Income from discontinued operations, net of taxes	`IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity`	$824.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-4.94M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-1.24M	USD	1 Quarter
Depreciation, depletion and amortization of property, plant and equipment	`Depreciation`	$17.11M	USD	1 Quarter
Depreciation, depletion and amortization of property, plant and equipment	`Depreciation`	$10.59M	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$-1.77M	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$327.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-3.44M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$7.28M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-3.56M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-4.86M	USD	1 Quarter
Prepaid insurance	`IncreaseDecreaseInPrepaidInsurance`	$-3.03M	USD	1 Quarter
Prepaid insurance	`IncreaseDecreaseInPrepaidInsurance`	$-2.40M	USD	1 Quarter
Prepaid and accrued income taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$115.00K	USD	1 Quarter
Prepaid and accrued income taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$858.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$6.89M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$15.27M	USD	1 Quarter
Accrued interest	`IncreaseDecreaseInInterestPayableNet`	$-7.98M	USD	1 Quarter
Accrued interest	`IncreaseDecreaseInInterestPayableNet`	$-8.08M	USD	1 Quarter
Other assets and other liabilities	`IncreaseDecreaseInOtherOperatingCapitalNet`	$-2.55M	USD	1 Quarter
Other assets and other liabilities	`IncreaseDecreaseInOtherOperatingCapitalNet`	$1.41M	USD	1 Quarter
Net cash provided by continuing operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$11.66M	USD	1 Quarter
Net cash provided by continuing operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$7.79M	USD	1 Quarter
Expenditures for property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$104.14M	USD	1 Quarter
Expenditures for property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$13.89M	USD	1 Quarter
Other investing activities	`PaymentsForProceedsFromOtherInvestingActivities`	$37.00K	USD	1 Quarter
Other investing activities	`PaymentsForProceedsFromOtherInvestingActivities`	$-502.00K	USD	1 Quarter
Net cash used by continuing investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-13.39M	USD	1 Quarter
Net cash used by continuing investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-104.17M	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`	$4.22M	USD	1 Quarter
Payments on other long-term debt	`RepaymentsOfOtherLongTermDebt`	$2.31M	USD	1 Quarter
Payments of debt issuance costs	`PaymentsOfDebtIssuanceCosts`	$476.00K	USD	1 Quarter
Payments of debt issuance costs	`PaymentsOfDebtIssuanceCosts`	$90.00K	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`	$2.52M	USD	1 Quarter
Payments on short-term financing	`RepaymentsOfShortTermDebt`	$3.72M	USD	1 Quarter
Other financing activities	`ProceedsFromPaymentsForOtherFinancingActivities`	$-66.00K	USD	1 Quarter
Other financing activities	`ProceedsFromPaymentsForOtherFinancingActivities`	$49.00K	USD	1 Quarter
Net cash provided (used) by continuing financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$3.91M	USD	1 Quarter
Net cash provided (used) by continuing financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-8.10M	USD	1 Quarter
Net cash provided (used) by operating activities	`CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations`	$-1.21M	USD	1 Quarter
Net cash provided (used) by operating activities	`CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations`	$2.28M	USD	1 Quarter
Net cash used by investing activities	`CashProvidedByUsedInInvestingActivitiesDiscontinuedOperations`	$-625.00K	USD	1 Quarter
Net cash used by financing activities	`CashProvidedByUsedInFinancingActivitiesDiscontinuedOperations`	$-901.00K	USD	1 Quarter
Net cash used by financing activities	`CashProvidedByUsedInFinancingActivitiesDiscontinuedOperations`	$-65.00K	USD	1 Quarter
Net cash provided (used) by discontinued operations	`NetCashProvidedByUsedInDiscontinuedOperations`	$750.00K	USD	1 Quarter
Net cash provided (used) by discontinued operations	`NetCashProvidedByUsedInDiscontinuedOperations`	$-1.28M	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-14.98M	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-87.86M	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$60.02M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$39.33M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$127.19M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$45.04M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$60.02M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$39.33M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$127.19M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$45.04M	USD	Point-in-time

Stockholders Equity 11 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$492.51M	USD	Point-in-time
Balance	`StockholdersEquity`	$481.56M	USD	Point-in-time
Cumulative effect of change in accounting principle	`NewAccountingPronouncementOrChangeInAccountingPrincipleEffectOfChangeOnNetIncome`	$1.06M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-14.94M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-5.99M	USD	1 Quarter
Dividend accrued on redeemable preferred stock	`IncreaseInCarryingAmountOfRedeemablePreferredStock`	$5.54M	USD	1 Quarter
Accretion of redeemable preferred stock	`TemporaryEquityImpactOfAccretionOfDividendsOnPermanentEquity`	$1.60M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$1.17M	USD	1 Quarter
Issuance of restricted stock, net	`StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures`	$-66.00K	USD	1 Quarter
Balance	`StockholdersEquity`	$492.51M	USD	Point-in-time
Balance	`StockholdersEquity`	$481.56M	USD	Point-in-time

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