10-Q Filing

LSB INDUSTRIES, INC. CIK: 60714 Q1 2018

Filing Information

Form Type	10-Q
Accession Number	`0001564590-18-009088`
Period End Date	20180331
Filing Date	20180425
Fiscal Year	2018
Fiscal Period	Q1
XBRL Instance	lxu-20180331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 72 Income Statement 29 Cash Flow Statement 56 Stockholders Equity 10

Balance Sheet 72 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$45.04M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$60.02M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$33.62M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$28.67M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$59.57M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$62.63M	USD	Point-in-time
Finished goods	`InventoryFinishedGoodsNetOfReserves`	$20.41M	USD	Point-in-time
Finished goods	`InventoryFinishedGoodsNetOfReserves`	$19.53M	USD	Point-in-time
Raw materials	`InventoryRawMaterialsNetOfReserves`	$1.44M	USD	Point-in-time
Raw materials	`InventoryRawMaterialsNetOfReserves`	$1.36M	USD	Point-in-time
Total inventories	`InventoryNet`	$21.86M	USD	Point-in-time
Total inventories	`InventoryNet`	$20.89M	USD	Point-in-time
Prepaid insurance	`PrepaidInsurance`	$10.54M	USD	Point-in-time
Prepaid insurance	`PrepaidInsurance`	$7.81M	USD	Point-in-time
Precious metals	`PreciousMetals`	$7.27M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.10	USD	Point-in-time
Precious metals	`PreciousMetals`	$7.41M	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`	$28.65M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	75.00M	shares	Point-in-time
Supplies	`Supplies`	$27.73M	USD	Point-in-time
Prepaid and refundable income taxes	`PrepaidTaxes`	$1.74M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	31.28M	shares	Point-in-time
Prepaid and refundable income taxes	`PrepaidTaxes`	$856.00K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	31.28M	shares	Point-in-time
Other	`OtherPrepaidExpenseCurrent`	$2.04M	USD	Point-in-time
Treasury stock, common shares	`TreasuryStockCommonShares`	2.66M	shares	Point-in-time
Treasury stock, common shares	`TreasuryStockCommonShares`	2.67M	shares	Point-in-time
Other	`OtherPrepaidExpenseCurrent`	$1.28M	USD	Point-in-time
Total supplies, prepaid items and other	`SuppliesPrepaidItemsAndOther`	$48.70M	USD	Point-in-time
Total supplies, prepaid items and other	`SuppliesPrepaidItemsAndOther`	$46.63M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$163.74M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$158.82M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$1.01B	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$998.37M	USD	Point-in-time
Intangible and other assets, net	`IntangiblesAndOtherAssetsNet`	$10.96M	USD	Point-in-time
Intangible and other assets, net	`IntangiblesAndOtherAssetsNet`	$11.40M	USD	Point-in-time
Total assets	`Assets`	$1.19B	USD	Point-in-time
Total assets	`Assets`	$1.17B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$55.99M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$49.05M	USD	Point-in-time
Short-term financing	`ShortTermBorrowings`	$8.59M	USD	Point-in-time
Short-term financing	`ShortTermBorrowings`	$6.14M	USD	Point-in-time
Accrued and other liabilities	`AccruedAndOtherLiabilitiesCurrent`	$30.59M	USD	Point-in-time
Accrued and other liabilities	`AccruedAndOtherLiabilitiesCurrent`	$35.57M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$9.15M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$9.06M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$94.84M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$109.30M	USD	Point-in-time
Long-term debt, net	`LongTermDebtAndCapitalLeaseObligations`	$399.42M	USD	Point-in-time
Long-term debt, net	`LongTermDebtAndCapitalLeaseObligations`	$400.25M	USD	Point-in-time
Noncurrent accrued and other liabilities	`AccruedAndOtherLiabilitiesNoncurrent`	$11.17M	USD	Point-in-time
Noncurrent accrued and other liabilities	`AccruedAndOtherLiabilitiesNoncurrent`	$11.69M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$54.79M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$53.88M	USD	Point-in-time
Commitments and contingencies (Note 7)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 7)	`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`	$193.96M	USD	Point-in-time
Capital in excess of par value	`AdditionalPaidInCapital`	$195.29M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$242.69M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$256.21M	USD	Point-in-time
Stockholders equity including treasury stock	`StockholdersEquityBeforeTreasuryStock`	$444.10M	USD	Point-in-time
Stockholders equity including treasury stock	`StockholdersEquityBeforeTreasuryStock`	$456.30M	USD	Point-in-time
Common stock, 2,666,790 shares (2,662,027 shares at December 31, 2017)	`TreasuryStockValue`	$18.16M	USD	Point-in-time
Common stock, 2,666,790 shares (2,662,027 shares at December 31, 2017)	`TreasuryStockValue`	$18.10M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$438.20M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$425.95M	USD	Point-in-time
Total Liabilities and Stockholders' equity	`LiabilitiesAndStockholdersEquity`	$1.17B	USD	Point-in-time
Total Liabilities and Stockholders' equity	`LiabilitiesAndStockholdersEquity`	$1.19B	USD	Point-in-time

Income Statement 29 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueNet`	$123.34M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$100.45M	USD	1 Quarter
Cost of sales	`CostOfRevenue`	$111.73M	USD	1 Quarter
Cost of sales	`CostOfRevenue`	$90.36M	USD	1 Quarter
Gross profit	`GrossProfit`	$11.62M	USD	1 Quarter
Gross profit	`GrossProfit`	$10.09M	USD	1 Quarter
Selling, general and administrative expense	`SellingGeneralAndAdministrativeExpense`	$10.54M	USD	1 Quarter
Selling, general and administrative expense	`SellingGeneralAndAdministrativeExpense`	$8.30M	USD	1 Quarter
Other income, net	`OtherOperatingIncomeExpenseNet`	$1.25M	USD	1 Quarter
Other income, net	`OtherOperatingIncomeExpenseNet`	$94.00K	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$2.32M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$1.88M	USD	1 Quarter
Interest expense, net	`InterestExpense`	$9.31M	USD	1 Quarter
Interest expense, net	`InterestExpense`	$9.36M	USD	1 Quarter
Non-operating other expense (income), net	`OtherNonoperatingIncomeExpense`	$909.00K	USD	1 Quarter
Non-operating other expense (income), net	`OtherNonoperatingIncomeExpense`	$-231.00K	USD	1 Quarter
Loss before benefit for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-7.27M	USD	1 Quarter
Loss before benefit for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-6.51M	USD	1 Quarter
Benefit for income taxes	`IncomeTaxExpenseBenefit`	$-1.28M	USD	1 Quarter
Benefit for income taxes	`IncomeTaxExpenseBenefit`	$-922.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-5.59M	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
Accretion of Series E redeemable preferred stock	`TemporaryEquityAccretionToRedemptionValueAdjustment`	$1.60M	USD	1 Quarter
Net loss attributable to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-13.60M	USD	1 Quarter
Net loss attributable to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-13.20M	USD	1 Quarter
Basic and dilutive net loss per common share:	`EarningsPerShareBasicAndDiluted`	$-0.49	USD	1 Quarter
Basic and dilutive net loss per common share:	`EarningsPerShareBasicAndDiluted`	$-0.48	USD	1 Quarter

Cash Flow Statement 56 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-5.59M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-5.99M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-1.24M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-910.00K	USD	1 Quarter
Depreciation, depletion and amortization of property, plant and equipment	`DepreciationDepletionAndAmortization`	$17.74M	USD	1 Quarter
Depreciation, depletion and amortization of property, plant and equipment	`DepreciationDepletionAndAmortization`	$17.11M	USD	1 Quarter
Amortization of intangible and other assets	`AmortizationOfIntangibleAndOtherAssets`	$463.00K	USD	1 Quarter
Amortization of intangible and other assets	`AmortizationOfIntangibleAndOtherAssets`	$602.00K	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$-627.00K	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$790.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$7.28M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$7.44M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-4.86M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-1.65M	USD	1 Quarter
Prepaid insurance	`IncreaseDecreaseInPrepaidInsurance`	$-3.03M	USD	1 Quarter
Prepaid insurance	`IncreaseDecreaseInPrepaidInsurance`	$-2.72M	USD	1 Quarter
Prepaid and accrued income taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$880.00K	USD	1 Quarter
Prepaid and accrued income taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$115.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-431.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$6.89M	USD	1 Quarter
Accrued interest	`IncreaseDecreaseInInterestPayableNet`	$-7.98M	USD	1 Quarter
Accrued interest	`IncreaseDecreaseInInterestPayableNet`	$-7.96M	USD	1 Quarter
Other assets and other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-666.00K	USD	1 Quarter
Other assets and other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-1.41M	USD	1 Quarter
Net cash provided by continuing operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$1.22M	USD	1 Quarter
Net cash provided by continuing operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$7.79M	USD	1 Quarter
Expenditures for property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$13.89M	USD	1 Quarter
Expenditures for property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$6.25M	USD	1 Quarter
Proceeds from property insurance recovery associated with property, plant and equipment	`ProceedsFromInsuranceSettlementInvestingActivities`	$1.53M	USD	1 Quarter
Net proceeds from sale of discontinued operations	`ProceedsFromDivestitureOfBusinesses`	$2.73M	USD	1 Quarter
Other investing activities	`PaymentsForProceedsFromOtherInvestingActivities`	$-95.00K	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`	$-1.89M	USD	1 Quarter
Payments on other long-term debt	`RepaymentsOfOtherLongTermDebt`	$1.65M	USD	1 Quarter
Payments on other long-term debt	`RepaymentsOfOtherLongTermDebt`	$4.22M	USD	1 Quarter
Payments of debt issuance costs	`PaymentsOfDebtIssuanceCosts`	$90.00K	USD	1 Quarter
Payments on short-term financing	`RepaymentsOfShortTermDebt`	$3.72M	USD	1 Quarter
Payments on short-term financing	`RepaymentsOfShortTermDebt`	$2.45M	USD	1 Quarter
Taxes paid on equity awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$66.00K	USD	1 Quarter
Taxes paid on equity awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$184.00K	USD	1 Quarter
Net cash used by continuing financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-8.10M	USD	1 Quarter
Net cash used by continuing financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-4.28M	USD	1 Quarter
Net cash used by operating activities	`CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations`	$-1.21M	USD	1 Quarter
Net cash used by financing activities	`CashProvidedByUsedInFinancingActivitiesDiscontinuedOperations`	$-65.00K	USD	1 Quarter
Net cash used by discontinued operations	`NetCashProvidedByUsedInDiscontinuedOperations`	$-1.28M	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-4.95M	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-14.98M	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$45.04M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$60.02M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$33.62M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$28.67M	USD	Point-in-time
Cash and cash equivalents at end 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`	$33.62M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$28.67M	USD	Point-in-time

Stockholders Equity 10 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$438.20M	USD	Point-in-time
Balance	`StockholdersEquity`	$425.95M	USD	Point-in-time
Net loss	`NetIncomeLoss`	$-5.59M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-5.99M	USD	1 Quarter
Dividend accrued on redeemable preferred stock	`TemporaryEquityAccretionOfDividends`	$6.34M	USD	1 Quarter
Accretion of redeemable preferred stock	`TemporaryEquityAccretionToRedemptionValueAdjustment`	$1.60M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$1.38M	USD	1 Quarter
Other	`StockIssuedDuringPeriodValueOther`	$102.00K	USD	1 Quarter
Balance	`StockholdersEquity`	$438.20M	USD	Point-in-time
Balance	`StockholdersEquity`	$425.95M	USD	Point-in-time

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