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 investments1623263460127201
Cash and cash equivalents1623263460127187
Short-term investments      15
Restricted cash and investments      0
Receivables43406760519391
Inventory, net of allowances, customer advances and progress billings20232922235357
Inventory20232922235357
Prepaid expense44454441384243
Other undisclosed current assets7  791828
Total current assets:130131166164181333419
Noncurrent Assets
Property, plant and equipment8919369741,0141,0791,005619
Intangible assets, net (including goodwill)     22
Goodwill     22
Restricted cash and investments      25
Other noncurrent assets3321    15
Other undisclosed noncurrent assets  811102257
Total noncurrent assets:9249589821,0251,0891,029718
TOTAL ASSETS:1,0531,0881,1481,1891,2701,3621,137
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities475863565410881
Accounts payable475863565410881
Debt30192118223223
Other liabilities   36445251
Other undisclosed current liabilities302542    
Total current liabilities:107103126109120192155
Noncurrent Liabilities
Long-term debt and lease obligation, including:467450413400406498447
Long-term debt, excluding current maturities467450413400   
Operating lease, liability2011
Other undisclosed long-term debt and lease obligation(20)(11)  406498447
Liabilities, other than long-term debt310576710773101
Asset retirement obligations0000100
Deferred tax liabilities, net5755945283
Deferred income tax liabilities31 
Other liabilities   12122118
Total noncurrent liabilities:498450469467513571548
Total liabilities:606553595576633763703
Stockholders' equity
Stockholders' equity attributable to parent, including:150247342438493422434
Common stock3333333
Treasury stock, value(13)(13)(16)(18)(20)(25)(28)
Additional paid in capital198197198194192192171
Retained earnings (accumulated deficit)(41)58154256314248286
Other undisclosed stockholders' equity attributable to parent3333333
Total stockholders' equity:150247342438493422434
Other undisclosed liabilities and equity298288211175144177(0)
TOTAL LIABILITIES AND EQUITY:1,0531,0881,1481,1891,2701,3621,137

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
Revenues351365378428375712733
Revenue, net428375712733
Cost of revenue(334)(360)(362)(422)(424)(608)(579)
Gross profit:175165(49)104153
Operating expenses(32)(34)(41)(35)(42)(155)(110)
Other operating income (expense), net(0)(10)2(5)11(1)
Other undisclosed operating income (loss)     (0)11
Operating income (loss):(16)(39)(23)(34)(90)(51)53
Nonoperating income (expense)(0)(1)20(0)(0)1
Investment income, nonoperating      0
Other nonoperating income (expense)(0)(1)20(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)521(2)414224(12)
Income (loss) from continuing operations:(62)(63)(72)(30)(88)(35)20
Income from discontinued operations   1200  
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     00
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.

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