LSB INDUSTRIES, INC. PP&E Disclosure
|
|
Range of useful |
|
December 31, |
|
|||||
|
|
lives in years |
|
2025 |
|
|
2024 |
|
||
|
|
|
|
(In Thousands) |
|
|||||
Machinery, equipment and automotive (1) |
|
3 - 25 |
|
$ |
1,365,811 |
|
|
$ |
1,354,654 |
|
Buildings and improvements |
|
15 - 30 |
|
|
37,241 |
|
|
|
38,041 |
|
Land improvements |
|
20 - 35 |
|
|
16,142 |
|
|
|
10,443 |
|
Furniture, fixtures and store equipment |
|
3 - 25 |
|
|
3,354 |
|
|
|
2,648 |
|
Construction in progress |
|
N/A |
|
|
62,498 |
|
|
|
60,313 |
|
Capital spare parts |
|
N/A |
|
|
37,453 |
|
|
|
26,652 |
|
Land |
|
N/A |
|
|
2,174 |
|
|
|
4,838 |
|
|
|
|
|
|
1,524,673 |
|
|
|
1,497,589 |
|
Less accumulated depreciation and amortization |
|
|
|
|
691,148 |
|
|
|
650,019 |
|
|
|
|
|
$ |
833,525 |
|
|
$ |
847,570 |
|
_____________________________
(1) Machinery, equipment and automotive primarily includes the categories of property and equipment and estimated useful lives as follows: processing plants and plant infrastructure (15-25 years); certain processing plant components (3-10 years); and trucks, automobiles, trailers, and other rolling stock (4-7 years).
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 26, 2026 | Showing above |
| 2024 | Feb 27, 2025 | |
| 2023 | Mar 6, 2024 | |
| 2022 | Feb 23, 2023 | |
| 2021 | Feb 24, 2022 | |
| 2020 | Feb 25, 2021 | |
| 2019 | Feb 25, 2020 | |
| 2018 | Feb 26, 2019 | |
| 2017 | Feb 26, 2018 | |
| 2016 | Feb 27, 2017 | |
| 2015 | Feb 29, 2016 | |
About PP&E Disclosures
The PP&E disclosure details a company's physical asset base — land, buildings, machinery, and equipment — along with the depreciation methods and useful life assumptions that determine how these costs flow through the income statement. Capitalization policy thresholds reveal management's judgment on the boundary between expense and asset, directly affecting both reported earnings and asset values.
Key signals: changes in estimated useful lives or depreciation methods can materially shift reported earnings without any operational change. Compare capital expenditures against depreciation expense — when capex consistently trails depreciation, the asset base may be aging and underinvested. Watch for large asset impairments or write-downs that signal overvalued carrying amounts. Asset retirement obligations reveal future environmental or decommissioning costs that are often underappreciated. Compare PP&E intensity (PP&E-to-revenue) against industry peers to assess capital efficiency and competitive positioning.