Lsb industries inc (LXU)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
Cash flows from operating activities
Cash flows from continuing operating activities
Net loss

-63,417

-72,226

-29,217

112,168

-34,765

19,634

54,962

58,604

83,842

29,574

21,584

Adjustments to reconcile net loss to net cash provided (used) by operating activities:
Income from discontinued operations, net of taxes

-

-

1,076

200,301

11,381

14,547

19,362

-182

-142

-141

-265

Deferred income taxes

-20,895

1,825

-40,445

-42,013

-27,436

5,376

24,070

245

8,688

2,310

11,231

Charge on extinguishment of debt

-

-5,951

-

-8,703

-

-

-

-

-

-52

1,783

Depreciation and amortization of property, plant and equipment

68,325

70,266

66,996

59,354

35,930

30,987

24,000

20,681

18,762

17,329

15,601

Amortization of intangible and other assets

1,249

2,361

2,147

1,940

1,530

-

-

-

-

-

-

Loss associated with assets held for sale

9,701

-

-

-

-

-

-

-

-

-

-

Gain on property insurance recovery associated with property, plant and equipment

-

-

-

-

-

5,147

66,246

-

-

7,500

-

Impairments of long-lived assets and goodwill

-

-

-

-

43,188

-

-

-

-

-

-

Loss (gain) on sales of property and equipment

-

-

-

-

-

-

-

-

-

-460

-378

Loss (gain) on sales of businesses and other property and equipment

-678

1,637

-6,977

-356

-11

-

-

-

-

-

-

Amortization

-

-

-

-

-

1,947

-

-

-

651

757

Stock-based compensation

2,220

8,358

5,213

3,992

1,639

785

-

-

-

1,005

1,021

Impairment of goodwill

-

-

-

1,621

-

-

-

-

-

-

-

Other

-2,794

-2,098

-434

-4,471

-1,372

-1,268

-3,130

-4,614

-6,127

10

-

Cash provided (used) by changes in assets and liabilities:
Provisions for losses on accounts receivable

-

-

-

-

-

-

-

-

-

145

90

Provision for (realization of) losses on inventory

-

-

-

-

-

-

-

-

-

184

-2,404

Provision for (realization of) losses on firm sales commitments

-

-

-

-

-

-

-

-

-

-371

371

Equity in earnings of affiliate

-

-

-

-

-

-

-

-

-

1,003

996

Distributions received from affiliate

-

-

-

-

-

-

-

-

-

825

786

Changes in fair value of commodities contracts

-

-

-

-

-

-

-

-

-

761

138

Changes in fair value of interest rate contracts

-

-

-

-

-

-

-

-

-

34

508

Accounts receivable

-8,800

2,167

6,321

6

-3,677

8,218

-3,225

-7,935

13,451

17,340

-22,118

Inventories

-6,092

6,698

-56

-1,372

468

993

-9,148

6,607

-60

9,277

-11,880

Prepaid insurance

-

-

-

2,296

-2,500

-1,697

5,037

4,096

-

-

-

Prepaid and accrued income taxes

-

-

-

5,619

906

3,505

-13,278

11,013

-12,805

5,947

-2,738

Other supplies, prepaid items and other

934

-564

2,139

-167

3,717

20

4,905

-1,853

7,994

1,585

-230

Accounts payable

-7,987

14,208

1,374

16,632

-10,825

1,154

-3,654

980

2,175

15,556

-6,154

Accrued interest

586

-6,919

-1

-2,305

-709

-37

13,356

-6

-768

-

-

Commodities contracts

-

-

-

-

-

-

-

-

-

-150

5,922

Customer deposits

-

-

-

-

-3,433

236

-2,637

3,684

-

1,951

-2,607

Deferred rent expense

-

-

-

-

-

-

-

-

-

-

-1,424

Other assets and other liabilities

-5,113

1,638

-1,722

8,488

-2,799

1,033

1,504

389

5,193

5,802

-3,965

Net cash provided by continuing operating activities

2,099

17,622

2,276

-22,038

-4,780

38,660

18,276

99,471

89,971

44,201

57,673

Cash flows from investing activities
Cash flows from continuing investing activities
Expenditures for property, plant and equipment

36,081

37,050

35,425

212,543

438,944

217,485

152,222

92,644

44,221

34,475

28,891

Proceeds from sales of businesses and other property and equipment

61

6,660

23,841

5,259

87

-

-

-

-

-

-

Software and software development costs

-

-

-

-

-

2,801

-

7

-

-

-

Net proceeds from sales of property and equipment

-

-

-

-

-

569

662

307

112

99

15

Acquisition of working interests in natural gas properties

-

-

-

-

-

-

9,205

50,219

-

-

-

Proceeds from property insurance recovery associated with property, plant and equipment

-

1,531

-

-

-

5,147

66,247

11,415

-

8,829

364

Net proceeds from sale of discontinued operations

-

2,730

-

356,704

-

-

-

-

-

-

-

Proceeds from short-term investments

-

-

-

-

39,500

14,500

-

20,037

10,012

30,057

-

Purchases of short-term investments

-

-

-

-

25,000

29,000

-

10,032

10,014

30,009

10,051

Proceeds from current and noncurrent restricted cash and cash equivalents

-

-

-

-

45,969

200,111

-

-

-

-

-

Deposits of current and noncurrent restricted cash and cash equivalents

-

-

-

-

-

165,471

80,943

-

-

1

-863

Proceeds from noncurrent restricted investments

-

-

-

-

25,000

259,990

-

-

-

-

-

Purchases of noncurrent restricted investments

-

-

-

-

-

75,000

209,990

-

-

-

-

Proceeds from sales of carbon credits

-

-

-

-

-

-

-

-

2,597

-

-

Payments on contractual obligations-carbon credits

-

-

-

-

-

-

-

-

2,266

-

-

Other investing activities

-95

-389

-739

-3,877

-2,709

-25

-962

526

816

488

360

Net cash used by investing activities

-35,925

-25,740

-10,845

-1,025

-3,382

-2,442

-5,105

-

-

-

-

Cash flows from financing activities
Net Cash Provided By Used In Investing Activities Continuing Operations

-

-

-

153,297

-350,679

-9,415

-384,489

-121,669

-44,596

-25,988

-38,060

Cash flows from continuing financing activities
Proceeds from revolving debt facility

5,000

10,000

-

-

-

-

-

-

-

-

-

Proceeds from revolving debt facility

-

-

-

76,516

47,438

-

-

209,238

669,739

540,098

519,296

Payments on revolving debt facility

15,000

-

-

-

-

-

-

-

-

-

-

Payments on revolving debt facility

-

-

-

76,516

47,438

-

-

209,238

669,739

540,098

519,296

Net proceeds from 9.625% senior secured notes

35,086

390,473

-

-

-

-

-

-

-

-

-

Payments on senior secured notes

-

375,000

-

100,000

-

-

-

-

-

-

-

Proceeds from other long-term debt

20,219

-

-

14,751

31,047

-

39,825

-

-

47

8,566

Acquisitions of 5.5% convertible debentures

-

-

-

-

-

-

-

-

-

2,494

8,938

Payments on other long-term debt

14,073

9,170

14,121

15,402

12,923

10,439

8,678

7,019

15,345

8,909

2,327

Payments of debt-related costs, including extinguishment and modification costs

1,065

10,974

90

12,270

-

-

-

-

-

-

-

Payments of debt issuance costs

-

-

-

-

1,200

-

1,872

88

112

-

26

Proceeds from loans secured by cash value of life insurance policies

-

-

-

-

1,288

-

-

-

14,766

-

-

Proceeds from short-term financing

12,179

10,865

10,919

11,161

10,273

12,965

15,242

11,192

6,775

4,585

3,866

Payments on short-term financing

10,828

10,872

11,479

11,392

12,399

14,996

10,755

7,584

4,950

3,781

3,077

Payments of preferred stock modification costs

-

2,777

-

785

-

-

-

-

-

-

-

Proceeds from issuance of redeemable preferred stocks, net of discount and fees

-

-

-

-

180,013

-

-

-

-

-

-

Redemption of preferred stock

-

-

-

71,966

-

-

-

-

-

-

-

Proceeds from issuance of common stock warrants, net of discount and fees

-

-

-

-

21,018

-

-

-

-

-

-

Payments of issuance costs relating to preferred stocks and warrants

-

-

-

-

2,472

-

-

-

-

-

-

Proceeds from modification of secured term loan, net of fees

-

-

-

-

-

-

-

-

10,347

-

-

Payments associated with induced conversion of 5.5% convertible debentures

-

-

-

-

-

-

-

-

558

-

-

Payments on loans secured by cash value of life insurance policies

-

-

-

-

-

-

-

1,918

84

380

-

Proceeds from exercises of stock options

-

20

-

371

1,785

1,074

1,014

767

1,197

829

609

Taxes paid on equity awards

949

2,018

1,361

149

-

-

-

-

-

-

-

Cash flows of discontinued operations:
Net cash used by operating activities

0

0

-1,461

-1,363

38,313

26,377

35,424

-220

-283

-362

-156

Net cash used by financing activities

0

0

-236

-2,340

-1,292

206

-3,957

-

-

-

-

Net cash used by discontinued operations

0

0

-1,697

-4,728

33,639

24,141

26,362

-

-

-

-

Purchase of treasury stock

-

-

-

-

-

-

-

-

-

2,421

3,200

Excess income tax benefit associated with stock-based compensation

-

-

-

-

-

-

-

498

1,160

185

911

Acquisition of redeemable preferred stock

-

-

-

-

-

-

-

39

-

-

-

Dividends paid on preferred stock

-

-

-

8,028

300

300

300

300

305

305

306

Net cash provided (used) by financing activities

30,569

547

-16,132

-193,709

264,019

-11,696

385,433

-4,491

12,891

-12,644

-3,922

Net increase (decrease) in cash and cash equivalents

-3,257

-7,571

-26,398

-

-

-

-

-

-

-

-

Net increase in cash and cash equivalents

-

-

-

-67,178

-57,801

41,690

45,582

-26,909

57,983

5,207

15,535

Interest on long-term debt and other

-

-

-

-

-

-

-

-

-

6,954

6,908

Cash payments for income taxes, net of refunds

-

-

-

-

-

-

-

-

-

11,373

5,559

Insurance claims receivable associated with property, plant and equipment

-

-

-

-

-

-

-

-

-

171

846

Other assets, accounts payable and long-term debt associated with additions of property, plant and equipment

-

-

-

-

-

-

-

-

-

5,420

5,023

Debt issuance costs written off associated with 5.5% debentures

-

-

-

-

-

-

-

-

-

58

379