$LXU
LSB INDUSTRIES, INC.

2018 Q3 Form 10-Q Financial Statement

#000156459018024898 Filed on October 24, 2018

View on sec.gov

Income Statement

Concept 2018 Q3 2017 Q3
Revenue $79.78M $92.39M
YoY Change -13.65% 15.11%
Cost Of Revenue $89.50M $99.70M
YoY Change -10.23% -14.52%
Gross Profit -$9.742M -$7.285M
YoY Change 33.73% -79.97%
Gross Profit Margin -12.21% -7.89%
Selling, General & Admin $9.100M $8.000M
YoY Change 13.75% -19.69%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $17.43M $16.18M
YoY Change 7.73% -4.03%
% of Gross Profit
Operating Expenses $6.800M $8.100M
YoY Change -16.05% -18.69%
Operating Profit -$16.56M -$15.38M
YoY Change 7.62% -66.5%
Interest Expense $11.01M $9.291M
YoY Change 18.49% -30.32%
% of Operating Profit
Other Income/Expense, Net -$944.0K $100.0K
YoY Change -1044.0%
Pretax Income -$28.51M -$23.80M
YoY Change 19.79% -61.43%
Income Tax -$2.426M $6.698M
% Of Pretax Income
Net Earnings -$26.08M -$17.11M
YoY Change 52.43% -112.81%
Net Earnings / Revenue -32.69% -18.52%
Basic Earnings Per Share -$0.91
Diluted Earnings Per Share -$949.1K -$0.91
COMMON SHARES
Basic Shares Outstanding
Diluted Shares Outstanding

Balance Sheet

Concept 2018 Q3 2017 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $42.70M $53.10M
YoY Change -19.59% -30.13%
Cash & Equivalents $42.75M $53.07M
Short-Term Investments
Other Short-Term Assets $39.10M $39.90M
YoY Change -2.01% -72.91%
Inventory $17.90M $22.00M
Prepaid Expenses
Receivables $58.30M $44.90M
Other Receivables $0.00 $2.200M
Total Short-Term Assets $158.0M $162.1M
YoY Change -2.54% -42.68%
LONG-TERM ASSETS
Property, Plant & Equipment $980.6M $1.021B
YoY Change -3.92% -6.35%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $989.6M $1.033B
YoY Change -4.18% -6.35%
TOTAL ASSETS
Total Short-Term Assets $158.0M $162.1M
Total Long-Term Assets $989.6M $1.033B
Total Assets $1.148B $1.195B
YoY Change -3.96% -13.76%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $55.65M $49.02M
YoY Change 13.52% -10.71%
Accrued Expenses $53.80M $29.20M
YoY Change 84.25% -3.63%
Deferred Revenue
YoY Change
Short-Term Debt $324.0K $0.00
YoY Change -100.0%
Long-Term Debt Due $12.70M $9.300M
YoY Change 36.54% -91.58%
Total Short-Term Liabilities $122.5M $87.54M
YoY Change 39.9% -55.48%
LONG-TERM LIABILITIES
Long-Term Debt $403.0M $401.1M
YoY Change 0.47% -1.96%
Other Long-Term Liabilities $11.20M $11.86M
YoY Change -5.55% 26.74%
Total Long-Term Liabilities $403.0M $11.86M
YoY Change 3298.34% 26.74%
TOTAL LIABILITIES
Total Short-Term Liabilities $122.5M $87.54M
Total Long-Term Liabilities $403.0M $11.86M
Total Liabilities $525.4M $99.40M
YoY Change 428.63% -51.74%
SHAREHOLDERS EQUITY
Retained Earnings $174.4M $263.1M
YoY Change -33.72%
Common Stock $3.128M $3.128M
YoY Change 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $18.11M $19.24M
YoY Change -5.87%
Treasury Stock Shares $2.876M
Shareholders Equity $360.5M $445.2M
YoY Change
Total Liabilities & Shareholders Equity $1.148B $1.195B
YoY Change -3.96% -13.76%

Cashflow Statement

Concept 2018 Q3 2017 Q3
OPERATING ACTIVITIES
Net Income -$26.08M -$17.11M
YoY Change 52.43% -112.81%
Depreciation, Depletion And Amortization $17.43M $16.18M
YoY Change 7.73% -4.03%
Cash From Operating Activities $5.440M -$4.070M
YoY Change -233.66% -88.7%
INVESTING ACTIVITIES
Capital Expenditures -$11.82M -$8.810M
YoY Change 34.17% -72.58%
Acquisitions
YoY Change
Other Investing Activities $6.010M $3.190M
YoY Change 88.4% -98.7%
Cash From Investing Activities -$5.810M -$5.630M
YoY Change 3.2% -102.65%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -4.090M -4.450M
YoY Change -8.09% -96.4%
NET CHANGE
Cash From Operating Activities 5.440M -4.070M
Cash From Investing Activities -5.810M -5.630M
Cash From Financing Activities -4.090M -4.450M
Net Change In Cash -4.460M -14.15M
YoY Change -68.48% -126.61%
FREE CASH FLOW
Cash From Operating Activities $5.440M -$4.070M
Capital Expenditures -$11.82M -$8.810M
Free Cash Flow $17.26M $4.740M
YoY Change 264.14% -221.85%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
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CY2017Q4 us-gaap Inventory Raw Materials Net Of Reserves
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Assets
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us-gaap Earnings Per Share Basic And Diluted
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us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Explanation
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CY2018Q3 lxu Number Of Settlement Agreements
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CY2018Q3 lxu Liability Reserve
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us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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us-gaap Current Income Tax Expense Benefit
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-6021000
us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
1844000
CY2018Q3 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-423000
CY2017Q3 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-677000
us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-829000
CY2018Q3 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-2427000
CY2017Q3 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-6698000
CY2018Q3 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
11100000
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.02
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.26
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
14609000
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
14968000
lxu Noncash Incentive Tax Credit Receivable Associated With Property Plant And Equipment
NoncashIncentiveTaxCreditReceivableAssociatedWithPropertyPlantAndEquipment
8125000

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