Lsb Industries Inc. (LXU) financial statements (2021 and earlier)
Company profile
| Business Address |
3503 NW 63RD STREET OKLAHOMA CITY, OK 73116 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| SIC | 281 - Industrial Inorganic Chemicals (benchmarking) |
| More info | Complete financial analysis Financial benchmarking |
Balance sheet (Statement of financial position) ($ in millions)
| 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 16 | 23 | 26 | 34 | 60 | 127 | 201 | ||
| Cash and cash equivalents | 16 | 23 | 26 | 34 | 60 | 127 | 187 | ||
| Short-term investments | 15 | ||||||||
| Restricted cash and investments | 0 | ||||||||
| Receivables | 43 | 40 | 67 | 60 | 51 | 93 | 91 | ||
| Inventory, net of allowances, customer advances and progress billings | 20 | 23 | 29 | 22 | 23 | 53 | 57 | ||
| Inventory | 20 | 23 | 29 | 22 | 23 | 53 | 57 | ||
| Prepaid expense | 44 | 45 | 44 | 41 | 38 | 42 | 43 | ||
| Other undisclosed current assets | 7 | 7 | 9 | 18 | 28 | ||||
| Total current assets: | 130 | 131 | 166 | 164 | 181 | 333 | 419 | ||
| Noncurrent Assets | |||||||||
| Property, plant and equipment | 891 | 936 | 974 | 1,014 | 1,079 | 1,005 | 619 | ||
| Intangible assets, net (including goodwill) | 2 | 2 | |||||||
| Goodwill | 2 | 2 | |||||||
| Restricted cash and investments | 25 | ||||||||
| Other noncurrent assets | 33 | 21 | 15 | ||||||
| Other undisclosed noncurrent assets | 8 | 11 | 10 | 22 | 57 | ||||
| Total noncurrent assets: | 924 | 958 | 982 | 1,025 | 1,089 | 1,029 | 718 | ||
| TOTAL ASSETS: | 1,053 | 1,088 | 1,148 | 1,189 | 1,270 | 1,362 | 1,137 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 47 | 58 | 63 | 56 | 54 | 108 | 81 | ||
| Accounts payable | 47 | 58 | 63 | 56 | 54 | 108 | 81 | ||
| Debt | 30 | 19 | 21 | 18 | 22 | 32 | 23 | ||
| Other liabilities | 36 | 44 | 52 | 51 | |||||
| Other undisclosed current liabilities | 30 | 25 | 42 | ||||||
| Total current liabilities: | 107 | 103 | 126 | 109 | 120 | 192 | 155 | ||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation, including: | 467 | 450 | 413 | 400 | 406 | 498 | 447 | ||
| Long-term debt, excluding current maturities | 467 | 450 | 413 | 400 | |||||
| Operating lease, liability | 20 | 11 | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Other undisclosed long-term debt and lease obligation | (20) | (11) | 406 | 498 | 447 | ||||
| Liabilities, other than long-term debt | 31 | 0 | 57 | 67 | 107 | 73 | 101 | ||
| Asset retirement obligations | 0 | 0 | 0 | 0 | 1 | 0 | 0 | ||
| Deferred tax liabilities, net | ✕ | ✕ | 57 | 55 | 94 | 52 | 83 | ||
| Deferred income tax liabilities | 31 | ✕ | ✕ | ✕ | ✕ | ✕ | |||
| Other liabilities | 12 | 12 | 21 | 18 | |||||
| Total noncurrent liabilities: | 498 | 450 | 469 | 467 | 513 | 571 | 548 | ||
| Total liabilities: | 606 | 553 | 595 | 576 | 633 | 763 | 703 | ||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent, including: | 150 | 247 | 342 | 438 | 493 | 422 | 434 | ||
| Common stock | 3 | 3 | 3 | 3 | 3 | 3 | 3 | ||
| Treasury stock, value | (13) | (13) | (16) | (18) | (20) | (25) | (28) | ||
| Additional paid in capital | 198 | 197 | 198 | 194 | 192 | 192 | 171 | ||
| Retained earnings (accumulated deficit) | (41) | 58 | 154 | 256 | 314 | 248 | 286 | ||
| Other undisclosed stockholders' equity attributable to parent | 3 | 3 | 3 | 3 | 3 | 3 | 3 | ||
| Total stockholders' equity: | 150 | 247 | 342 | 438 | 493 | 422 | 434 | ||
| Other undisclosed liabilities and equity | 298 | 288 | 211 | 175 | 144 | 177 | (0) | ||
| TOTAL LIABILITIES AND EQUITY: | 1,053 | 1,088 | 1,148 | 1,189 | 1,270 | 1,362 | 1,137 | ||
Income statement (P&L) ($ in millions)
| 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 351 | 365 | 378 | 428 | 375 | 712 | 733 | |
| Revenue, net | ✕ | ✕ | ✕ | 428 | 375 | 712 | 733 | |
| Cost of revenue | (334) | (360) | (362) | (422) | (424) | (608) | (579) | |
| Gross profit: | 17 | 5 | 16 | 5 | (49) | 104 | 153 | |
| Operating expenses | (32) | (34) | (41) | (35) | (42) | (155) | (110) | |
| Other operating income (expense), net | (0) | (10) | 2 | (5) | 1 | 1 | (1) | |
| Other undisclosed operating income (loss) | (0) | 11 | ||||||
| Operating income (loss): | (16) | (39) | (23) | (34) | (90) | (51) | 53 | |
| Nonoperating income (expense) | (0) | (1) | 2 | 0 | (0) | (0) | 1 | |
| Investment income, nonoperating | 0 | |||||||
| Other nonoperating income (expense) | (0) | (1) | 2 | 0 | (0) | (0) | 0 | |
| Interest and debt expense | (51) | (46) | (49) | (37) | (40) | (7) | (22) | |
| Other undisclosed loss from continuing operations before equity method investments, income taxes | (0) | |||||||
| Income (loss) from continuing operations before equity method investments, income taxes: | (67) | (87) | (70) | (71) | (130) | (58) | 32 | |
| Income from equity method investments | 0 | |||||||
| Other undisclosed income from continuing operations before income taxes | 2 | |||||||
| Income (loss) from continuing operations before income taxes: | (67) | (84) | (70) | (71) | (130) | (58) | 32 | |
| Income tax expense (benefit) | 5 | 21 | (2) | 41 | 42 | 24 | (12) | |
| Income (loss) from continuing operations: | (62) | (63) | (72) | (30) | (88) | (35) | 20 | |
| Income from discontinued operations | 1 | 200 | ||||||
| Net income (loss): | (62) | (63) | (72) | (29) | 112 | (35) | 20 | |
| Other undisclosed net loss attributable to parent | (0) | (0) | ||||||
| Net income (loss) attributable to parent: | (62) | (63) | (72) | (29) | 112 | (35) | 20 | |
| Preferred stock dividends and other adjustments | (27) | (30) | (18) | (1) | ||||
| Other undisclosed net loss available to common stockholders, basic | (38) | (33) | (4) | (0) | (29) | (3) | (0) | |
| Net income (loss) available to common stockholders, basic: | (99) | (96) | (103) | (59) | 65 | (38) | 19 | |
| Other undisclosed net income available to common stockholders, diluted | 0 | 0 | ||||||
| Net income (loss) available to common stockholders, diluted: | (99) | (96) | (103) | (59) | 65 | (38) | 20 | |
Comprehensive Income ($ in millions)
| 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | (62) | (63) | (72) | (29) | 112 | (35) | 20 | |
| Comprehensive income (loss), net of tax, attributable to parent: | (62) | (63) | (72) | (29) | 112 | (35) | 20 | |
Statements sources
The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.