10-Q Filing

LSB INDUSTRIES, INC. CIK: 60714 Q1 2019

Filing Information

Form Type	10-Q
Accession Number	`0001564590-19-014301`
Period End Date	20190331
Filing Date	20190430
Fiscal Year	2019
Fiscal Period	Q1
XBRL Instance	lxu-20190331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 77 Income Statement 28 Cash Flow Statement 52 Stockholders Equity 10

Balance Sheet 77 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$26.05M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$28.67M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$21.70M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$33.62M	USD	Point-in-time
Accounts receivable	`AccountsReceivableGrossCurrent`	$46.52M	USD	Point-in-time
Accounts receivable	`AccountsReceivableGrossCurrent`	$67.04M	USD	Point-in-time
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$475.00K	USD	Point-in-time
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$351.00K	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$46.05M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$66.69M	USD	Point-in-time
Finished goods	`InventoryFinishedGoodsNetOfReserves`	$30.30M	USD	Point-in-time
Finished goods	`InventoryFinishedGoodsNetOfReserves`	$27.73M	USD	Point-in-time
Raw materials	`InventoryRawMaterialsNetOfReserves`	$2.24M	USD	Point-in-time
Raw materials	`InventoryRawMaterialsNetOfReserves`	$1.48M	USD	Point-in-time
Total inventories	`InventoryNet`	$32.54M	USD	Point-in-time
Total inventories	`InventoryNet`	$29.21M	USD	Point-in-time
Prepaid insurance	`PrepaidInsurance`	$7.93M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.10	USD	Point-in-time
Prepaid insurance	`PrepaidInsurance`	$10.92M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.10	USD	Point-in-time
Supplies	`Supplies`	$25.28M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	75.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	75.00M	shares	Point-in-time
Supplies	`Supplies`	$24.58M	USD	Point-in-time
Other	`OtherPrepaidExpenseCurrent`	$8.96M	USD	Point-in-time
Other	`OtherPrepaidExpenseCurrent`	$8.00M	USD	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
Treasury stock, common shares	`TreasuryStockCommonShares`	2.51M	shares	Point-in-time
Total supplies, prepaid items and other	`SuppliesPrepaidItemsAndOther`	$44.46M	USD	Point-in-time
Total supplies, prepaid items and other	`SuppliesPrepaidItemsAndOther`	$41.21M	USD	Point-in-time
Treasury stock, common shares	`TreasuryStockCommonShares`	2.44M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$141.50M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$166.41M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$974.25M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$962.54M	USD	Point-in-time
Operating lease assets	`OperatingLeaseRightOfUseAsset`	$15.90M	USD	Point-in-time
Operating lease assets	`OperatingLeaseRightOfUseAsset`	$15.32M	USD	Point-in-time
Intangible and other assets, net	`IntangiblesAndOtherAssetsNet`	$7.67M	USD	Point-in-time
Intangible and other assets, net	`IntangiblesAndOtherAssetsNet`	$7.11M	USD	Point-in-time
Total other assets	`OtherAssetsNoncurrent`	$22.43M	USD	Point-in-time
Total other assets	`OtherAssetsNoncurrent`	$7.67M	USD	Point-in-time
Total Assets	`Assets`	$1.15B	USD	Point-in-time
Total Assets	`Assets`	$1.13B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$62.59M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$49.90M	USD	Point-in-time
Short-term financing	`ShortTermBorrowings`	$5.86M	USD	Point-in-time
Short-term financing	`ShortTermBorrowings`	$8.58M	USD	Point-in-time
Accrued and other liabilities	`AccruedAndOtherLiabilitiesCurrent`	$37.67M	USD	Point-in-time
Accrued and other liabilities	`AccruedAndOtherLiabilitiesCurrent`	$42.13M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$12.28M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$12.52M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$105.71M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$125.81M	USD	Point-in-time
Long-term debt, net	`LongTermDebtAndCapitalLeaseObligations`	$412.91M	USD	Point-in-time
Long-term debt, net	`LongTermDebtAndCapitalLeaseObligations`	$412.68M	USD	Point-in-time
Noncurrent operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$9.67M	USD	Point-in-time
Other noncurrent accrued and other liabilities	`AccruedAndOtherLiabilitiesNoncurrent`	$8.37M	USD	Point-in-time
Other noncurrent accrued and other liabilities	`AccruedAndOtherLiabilitiesNoncurrent`	$8.86M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$56.61M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$57.06M	USD	Point-in-time
Commitments and contingencies (Note 6)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 6)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock, $.10 par value; 75,000,000 shares authorized, 31,283,210 shares issued	`CommonStockValue`	$3.13M	USD	Point-in-time
Common stock, $.10 par value; 75,000,000 shares authorized, 31,283,210 shares issued	`CommonStockValue`	$3.13M	USD	Point-in-time
Capital in excess of par value	`AdditionalPaidInCapital`	$198.48M	USD	Point-in-time
Capital in excess of par value	`AdditionalPaidInCapital`	$198.95M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$153.77M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$134.48M	USD	Point-in-time
Stockholders equity including treasury stock	`StockholdersEquityBeforeTreasuryStock`	$358.38M	USD	Point-in-time
Stockholders equity including treasury stock	`StockholdersEquityBeforeTreasuryStock`	$339.56M	USD	Point-in-time
Common stock, 2,513,575 shares (2,438,305 shares at December 31, 2018)	`TreasuryStockValue`	$16.73M	USD	Point-in-time
Common stock, 2,513,575 shares (2,438,305 shares at December 31, 2018)	`TreasuryStockValue`	$16.19M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$342.20M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$322.83M	USD	Point-in-time
Total Liabilities and Stockholders' equity	`LiabilitiesAndStockholdersEquity`	$1.15B	USD	Point-in-time
Total Liabilities and Stockholders' equity	`LiabilitiesAndStockholdersEquity`	$1.13B	USD	Point-in-time

Income Statement 28 line items

Line Item	Tag	Value	Unit	Period
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$94.15M	USD	1 Quarter
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$100.45M	USD	1 Quarter
Cost of sales	`CostOfRevenue`	$86.83M	USD	1 Quarter
Cost of sales	`CostOfRevenue`	$90.36M	USD	1 Quarter
Gross profit	`GrossProfit`	$7.32M	USD	1 Quarter
Gross profit	`GrossProfit`	$10.09M	USD	1 Quarter
Selling, general and administrative expense	`SellingGeneralAndAdministrativeExpense`	$8.30M	USD	1 Quarter
Selling, general and administrative expense	`SellingGeneralAndAdministrativeExpense`	$7.22M	USD	1 Quarter
Other expense (income), net	`OtherOperatingIncomeExpenseNet`	$-23.00K	USD	1 Quarter
Other expense (income), net	`OtherOperatingIncomeExpenseNet`	$94.00K	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$71.00K	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$1.88M	USD	1 Quarter
Interest expense, net	`InterestExpense`	$9.31M	USD	1 Quarter
Interest expense, net	`InterestExpense`	$10.99M	USD	1 Quarter
Non-operating other expense (income), net	`OtherNonoperatingIncomeExpense`	$-224.00K	USD	1 Quarter
Non-operating other expense (income), net	`OtherNonoperatingIncomeExpense`	$909.00K	USD	1 Quarter
Loss before provision (benefit) for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-11.14M	USD	1 Quarter
Loss before provision (benefit) for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-6.51M	USD	1 Quarter
Provision (benefit) for income taxes	`IncomeTaxExpenseBenefit`	$400.00K	USD	1 Quarter
Provision (benefit) for income taxes	`IncomeTaxExpenseBenefit`	$-922.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-5.59M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-11.54M	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`	$-19.37M	USD	1 Quarter
Net loss attributable to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-13.60M	USD	1 Quarter
Basic and dilutive net loss per common share:	`EarningsPerShareBasicAndDiluted`	$-0.69	USD	1 Quarter
Basic and dilutive net loss per common share:	`EarningsPerShareBasicAndDiluted`	$-0.49	USD	1 Quarter

Cash Flow Statement 52 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-5.59M	USD	1 Quarter
Net loss	`ProfitLoss`	$-11.54M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$445.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-910.00K	USD	1 Quarter
Depreciation and amortization of property, plant and equipment	`DepreciationDepletionAndAmortization`	$16.83M	USD	1 Quarter
Depreciation and amortization of property, plant and equipment	`DepreciationDepletionAndAmortization`	$17.74M	USD	1 Quarter
Amortization of intangible and other assets	`AmortizationOfIntangibleAndOtherAssets`	$313.00K	USD	1 Quarter
Amortization of intangible and other assets	`AmortizationOfIntangibleAndOtherAssets`	$602.00K	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$-627.00K	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$-2.10M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$7.44M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-2.54M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$3.39M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-1.65M	USD	1 Quarter
Prepaid insurance	`IncreaseDecreaseInPrepaidInsurance`	$-2.99M	USD	1 Quarter
Prepaid insurance	`IncreaseDecreaseInPrepaidInsurance`	$-2.72M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-10.48M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-431.00K	USD	1 Quarter
Accrued interest	`IncreaseDecreaseInInterestPayableNet`	$-7.96M	USD	1 Quarter
Accrued interest	`IncreaseDecreaseInInterestPayableNet`	$9.66M	USD	1 Quarter
Other assets and other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$214.00K	USD	1 Quarter
Other assets and other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-2.40M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$1.22M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$7.06M	USD	1 Quarter
Expenditures for property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$7.12M	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`	$-9.00K	USD	1 Quarter
Other investing activities	`PaymentsForProceedsFromOtherInvestingActivities`	$-95.00K	USD	1 Quarter
Net cash used by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-7.11M	USD	1 Quarter
Net cash used by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.89M	USD	1 Quarter
Proceeds from other long-term debt	`ProceedsFromIssuanceOfOtherLongTermDebt`	$795.00K	USD	1 Quarter
Payments on other long-term debt	`RepaymentsOfOtherLongTermDebt`	$1.61M	USD	1 Quarter
Payments on other long-term debt	`RepaymentsOfOtherLongTermDebt`	$1.65M	USD	1 Quarter
Payments on short-term financing	`RepaymentsOfShortTermDebt`	$2.71M	USD	1 Quarter
Payments on short-term financing	`RepaymentsOfShortTermDebt`	$2.45M	USD	1 Quarter
Taxes paid on equity awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$184.00K	USD	1 Quarter
Taxes paid on equity awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$690.00K	USD	1 Quarter
Other financing activities	`ProceedsFromPaymentsForOtherFinancingActivities`	$-79.00K	USD	1 Quarter
Net cash used by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-4.30M	USD	1 Quarter
Net cash used by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-4.28M	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-4.34M	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-4.95M	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$26.05M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$28.67M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$21.70M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$33.62M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$26.05M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$28.67M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$21.70M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$33.62M	USD	Point-in-time

Stockholders Equity 10 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$342.20M	USD	Point-in-time
Balance	`StockholdersEquity`	$322.83M	USD	Point-in-time
Net loss	`NetIncomeLoss`	$-5.59M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-11.54M	USD	1 Quarter
Dividend accrued on redeemable preferred stock	`TemporaryEquityAccretionOfDividends`	$7.26M	USD	1 Quarter
Accretion of redeemable preferred stock	`TemporaryEquityAccretionToRedemptionValue`	$496.00K	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$612.00K	USD	1 Quarter
Other	`ValueOfSharesReceivedForTaxWithholdingsNetOfRestrictedStockIssued`	$690.00K	USD	1 Quarter
Balance	`StockholdersEquity`	$342.20M	USD	Point-in-time
Balance	`StockholdersEquity`	$322.83M	USD	Point-in-time

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