Financial reports / United States Lime & Minerals, Inc. | Tables in SEC filings

USLM United States Lime & Minerals, Inc.

Quarterly report


	September 30,		December 31,
	2024		2023
ASSETS
Current assets
Cash and cash equivalents	$	255,022	$	187,964
Trade receivables, net		52,905		38,052
Inventories		27,783		24,313
Prepaid expenses and other current assets		2,749		4,640
Total current assets		338,459		254,969
Property, plant and equipment		483,108		469,598
Less accumulated depreciation and depletion		(305,318)		(289,803)
Property, plant and equipment, net		177,790		179,795
Operating lease right-of-use assets		4,964		5,273
Other assets, net		546		565
Total assets	$	521,759	$	440,602
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities
Accounts payable	$	8,496	$	7,404
Current portion of operating lease liabilities		1,531		1,582
Accrued expenses		8,671		8,505
Total current liabilities		18,698		17,491
Deferred tax liabilities, net		23,834		24,659
Operating lease liabilities, excluding current portion		3,633		3,919
Other liabilities		1,380		1,429
Total liabilities		47,545		47,498
Stockholders’ equity
Common stock, $0.10 par value; 45,000,000 and 30,000,000 shares authorized at September 30, 2024 and December 31, 2023, respectively; 28,594,270 and 28,522,780 shares outstanding at September 30, 2024 and December 31, 2023, respectively		2,963		2,955
Additional paid-in capital		39,251		35,539
Retained earnings		490,061		412,499
Less treasury stock, at cost		(58,061)		(57,889)
Total stockholders’ equity		474,214		393,104
Total liabilities and stockholders’ equity	$	521,759	$	440,602


	Three Months Ended September 30,				Nine Months Ended September 30,
Revenues	2024		2023		2024		2023
Lime and limestone operations	$	89,212	$	74,582	$	236,936	$	214,808
Other		215		296		723		830
Total revenues	$	89,427	$	74,878	$	237,659	$	215,638
Depreciation, depletion and amortization
Lime and limestone operations	$	5,905	$	5,763	$	17,518	$	17,179
Other		127		133		377		385
Total depreciation, depletion and amortization	$	6,032	$	5,896	$	17,895	$	17,564
Gross profit (loss)
Lime and limestone operations	$	43,179	$	28,160	$	108,690	$	79,339
Other		(66)		(5)		(148)		(61)
Total gross profit	$	43,113	$	28,155	$	108,542	$	79,278
Operating profit (loss)
Lime and limestone operations	$	38,204	$	23,807	$	93,993	$	66,523
Other		(67)		(7)		(157)		(71)
Total operating profit	$	38,137	$	23,800	$	93,836	$	66,452
Identifiable assets, at period end
Lime and limestone operations	$	263,214	$	244,039	$	263,214	$	244,039
Other		258,545		180,016		258,545		180,016
Total identifiable assets	$	521,759	$	424,055	$	521,759	$	424,055
Capital expenditures
Lime and limestone operations	$	9,547	$	15,090	$	16,371	$	20,541
Other		—		—		—		—
Total capital expenditures	$	9,547	$	15,090	$	16,371	$	20,541


Annual Retainer	$	20,000
Daily Meeting or Per Diem Fee	$	1,500
Telephonic Meeting Fee	$	1,000
Additional Annual Retainers:
Audit Committee Chairman	$	10,000
Compensation Committee Chairman	$	5,000


2024 (excluding the nine months ended September 30, 2024)	$	468
2025		1,542
2026		1,456
2027		1,093
2028		508
Thereafter		599
Total future minimum lease payments		5,666
Less imputed interest		(502)
Present value of lease liabilities	$	5,164


	Nine Months Ended September 30,
	2024		2023
OPERATING ACTIVITIES:
Net income	$	81,849	$	57,549
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation, depletion and amortization		18,125		17,783
Amortization of deferred financing costs		2		9
Deferred income taxes		(825)		(319)
Gain on disposition of property, plant and equipment		(46)		(85)
Stock-based compensation		3,590		2,396
Changes in operating assets and liabilities:
Trade receivables, net		(14,853)		(10,469)
Inventories		(3,470)		(4,199)
Prepaid expenses and other current assets		1,891		1,185
Other assets		17		(159)
Accounts payable and accrued expenses		1,214		949
Other liabilities		(80)		42
Net cash provided by operating activities		87,414		64,682
INVESTING ACTIVITIES:
Purchase of property, plant and equipment		(16,371)		(20,541)
Proceeds from sale of property, plant and equipment		344		2,180
Net cash used in investing activities		(16,027)		(18,361)
FINANCING ACTIVITIES:
Cash dividends paid		(4,287)		(3,415)
Proceeds from exercise of stock options		130		113
Purchase of treasury shares		(172)		(98)
Net cash used in financing activities		(4,329)		(3,400)
Net increase in cash and cash equivalents		67,058		42,921
Cash and cash equivalents at beginning of period		187,964		133,384
Cash and cash equivalents at end of period	$	255,022	$	176,305

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