LSB Industries Q2 2024 10-Q Filed

TL;DR

LSB Industries Q2 10-Q is in: Debt details like 6.25% notes due '28 and 8.75% financing due '25 are key.

AI Summary

LSB Industries, Inc. filed its 10-Q for the period ending June 30, 2024. The company reported its financial performance and condition, including details on its long-term debt, such as the Six Point Two Five Percentage Long-Term Senior Secured Notes due in 2028 and the Eight Point Seven Five Percent Secured Financing due in 2025. The filing also references specific financial statement items like Accrued and Other Liabilities.

Why It Matters

This filing provides investors with an update on LSB Industries' financial health and debt obligations, crucial for assessing the company's stability and future prospects.

Risk Assessment

Risk Level: medium — The filing details significant long-term debt obligations, which can pose financial risks if not managed effectively.

Key Numbers

• 2028 — Debt Maturity Year (Maturity date for Six Point Two Five Percentage Long-Term Senior Secured Notes)
• 2025 — Debt Maturity Year (Maturity date for Eight Point Seven Five Percent Secured Financing)
• June 30, 2024 — Reporting Period End Date (End date for the 10-Q filing period)

Key Players & Entities

• LSB INDUSTRIES, INC. (company) — Filer
• Six Point Two Five Percentage Long-Term Senior Secured Notes Due In 2028 (dollar_amount) — Long-term debt instrument
• Eight Point Seven Five Percent Secured Financing Due Two Thousand And Twenty Five (dollar_amount) — Long-term debt instrument
• El Dorado Ammonia Limited Liability Company (company) — Subsidiary

FAQ

Filing Documents

• lxu-20240630.htm (10-Q) — 1975KB
• lxu-ex31_1.htm (EX-31.1) — 13KB
• lxu-ex31_2.htm (EX-31.2) — 13KB
• lxu-ex32_1.htm (EX-32.1) — 7KB
• lxu-ex32_2.htm (EX-32.2) — 7KB
• 0000950170-24-089292.txt ( ) — 6930KB
• lxu-20240630.xsd (EX-101.SCH) — 962KB
• lxu-20240630_htm.xml (XML) — 1032KB

– Financial Information

PART I – Financial Information Page Item 1.

Financial Statements

Financial Statements 3 Item 2.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 18 Item 3.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 31 Item 4.

Controls and Procedures

Controls and Procedures 31

– Other Information

PART II – Other Information Item 1.

Legal Proceedings

Legal Proceedings 36 Item 1A.

Risk Factors

Risk Factors 36 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 36 Item 3. Defaults Upon Senior Securities 36 Item 4. Mine Safety Disclosures 36 Item 5. Other Information 36 Item 6. Exhibits 37 When we refer to "us", "we", "our", "Company" or "LSB" we are describing LSB Industries, Inc. and its subsidiaries. 2 PART I FINANCIA L INFORMATION

Financ ial Statements

Item 1. Financ ial Statements LSB INDUSTRIES, INC. CONDENSED CONSOLIDAT ED BALANCE SHEETS (Information at June 30, 2024 is unaudited) June 30, December 31, 2024 2023 (In Thousands) Assets Current assets: Cash and cash equivalents $ 216,257 $ 98,500 Restricted cash 77 2,532 Short-term investments — 207,434 Accounts receivable 42,242 40,749 Allowance for doubtful accounts ( 327 ) ( 364 ) Accounts receivable, net 41,915 40,385 Inventories: Finished goods 19,202 26,329 Raw materials 2,068 1,799 Total inventories 21,270 28,128 Supplies, prepaid items and other: Prepaid insurance 6,153 14,846 Precious metals 12,447 12,094 Supplies 31,257 30,486 Other 2,627 2,337 Total supplies, prepaid items and other 52,484 59,763 Total current assets 332,003 436,742 Property, plant and equipment, net 830,077 835,298 Other assets: Operating lease assets 25,602 24,852 Intangible and other assets, net 1,376 1,292 Total other assets 26,978 26,144 Total assets $ 1,189,058 $ 1,298,184 Liabilities and Stockholders' Equity Current liabilities: Accounts payable 61,343 68,323 Short-term financing 4,551 13,398 Accrued and other liabilities 25,543 30,961 Current portion of long-term debt 5,871 5,847 Total current liabilities 97,308 118,529 Long-term debt, net 479,769 575,874 Noncurrent operating lease liabilities 17,491 16,074 Other noncurrent accrued and other liabilities 523 523 Deferred income taxes 71,174 68,853 Commitments and contingencies (Note 5) Stockholders' equity: Common stock, $ .10 par value; 150 million shares authorized, 91.2 million shares issued 9,117 9,117 Capital in excess of par value 501,422 501,026 Retained earnings 242,193 227,015 Total stockholders' equity 752,732 737,158 Less treasury stock, at cost: Common stock, 19.5 million s

View Full Filing

View this 10-Q filing on SEC EDGAR