| Address:
|
707 17TH STREET
SUITE 4200 |
| City: |
DENVER |
|
State: |
CO |
|
Zip Code: |
80202 |
| Telephone: |
303-296-3006 |
|
Description of Business
|
Primary SIC Code:
1400 |
| (As filed with the SEC)
|
|
|
We are the largest producer of muriate of potash ("potassium chloride" or
"potash") in the United States and are dedicated to the production and marketing
of potash and langbeinite ("sulfate of potash magnesia"), another mineral
containing potassium that is produced from langbeinite ore and which we will
generally describe as langbeinite when we refer to production and as Trio® when
we refer to sales and marketing. Our revenues are generated exclusively from the
sale of potash and Trio®. Potassium is one of the three primary nutrients
essential to plant formation and growth. Since 2005, we have supplied, on
average, approximately 1.6 percent of annual world potassium consumption and
9.3 percent of annual U.S. consumption. We are one of two producers of sulfate
of potash magnesia, a low-chloride potassium fertilizer with the additional
benefits of sulfur and magnesium, providing a multi-nutrient product. ... More ... |
| Date |
12-mos
Rolling EPS |
Dividend |
P/E
Ratio |
| 09/2011 | 1.36 | NA | 18.29 | | 06/2011 | 1.17 | NA | 27.78 | | 03/2011 | 0.82 | NA | 42.46 | | 12/2010 | 0.60 | NA | 62.15 | | 09/2010 | 0.45 | NA | 57.93 | | 06/2010 | 0.43 | NA | 45.51 | | 03/2010 | 0.57 | NA | 53.21 | | 12/2009 | 0.74 | NA | 39.42 |
Key Financial Ratios and Statistics |
FYE:
12/31 |
| Profitability |
2010 |
Leverage |
2010 |
| Net Inc/Comm Equity | 0.08 | Total Liab/Total Assets | 0.09 | | Net Inc/Total Assets | 0.05 | Total Liab/Inv Cap | 0.09 | | Net Inc/Inv Cap | 0.06 | Total Liab/Comm Equity | 0.13 | | Pretax Inc/Net Sales | 0.21 | Interest Coverage Ratio | NA | | Net Inc/Net Sales | 0.13 | Curr Debt/Equity | NA | | Cash Flow/Net Sales | 0.34 | LTD/Equity | NA | | SG&A/NetSales | 0.08 | Total Debt/Equity | NA |
| Asset Utilization
|
|
Liquidity |
|
| Net Receivables Turnover | 9.73 | Quick Ratio | 3.54 | | Inventory Turnover | 4.60 | Current Ratio | 4.60 | | Inventory Day Sales | 0.01 | Net Rec/Curr Assets | 0.17 | | Net Sales/Work Cap | 2.20 | Inv/Curr Assets | 0.23 | | Net Sales/PP&E | 1.10 | | |
Income Statement (Millions) |
| |
9/30/2011
|
6/30/2011
|
3/31/2011
|
12/31/2010
|
|
Total Revenues(Net Sales)
|
114.00
|
119.37
|
104.98
|
96.16
|
|
Cost of Goods Sold
|
66.89
|
64.24
|
63.76
|
58.51
|
|
Selling & Admin Exps
|
5.16
|
4.26
|
6.91
|
8.27
|
|
Operating Income
|
41.76
|
50.69
|
46.61
|
29.20
|
|
Interest Exp
|
-0.50
|
0.39
|
0.11
|
NA
|
|
Pretax Income
|
42.05
|
50.78
|
47.13
|
29.60
|
|
Other Income
|
-0.21
|
0.47
|
13.13
|
0.40
|
|
Net Income Bef Extraordinary ...
|
NA
|
NA
|
NA
|
NA
|
|
Net Income
|
25.51
|
30.71
|
28.28
|
18.18
|
|
Assets
|
9/30/2011
|
6/30/2011
|
3/31/2011
|
12/31/2010
|
|
Cash & Short Term Investments
|
141.04
|
123.36
|
107.90
|
121.69
|
|
Receivables - Total
|
52.59
|
57.59
|
48.91
|
35.02
|
|
Inventories - Total
|
53.42
|
51.31
|
49.29
|
48.09
|
|
Total Current Assets
|
253.17
|
236.41
|
209.16
|
208.82
|
|
Net Property, Plant & Equipment
|
401.43
|
368.21
|
346.27
|
327.41
|
|
Total Assets
|
913.83
|
878.39
|
844.32
|
828.88
|
|
Liabilities
|
|
|
|
|
|
Accounts Payable
|
53.49
|
44.16
|
41.77
|
43.83
|
|
Debt in Current Liabilities
|
NA
|
NA
|
NA
|
NA
|
|
Total Current Liabilities
|
54.69
|
45.45
|
43.09
|
45.41
|
|
Long-Term Debt
|
NA
|
NA
|
NA
|
NA
|
|
Total Liabilities
|
68.01
|
59.22
|
56.93
|
71.04
|
|
Stockholder's Equity
|
|
|
|
|
|
Minority Interest
|
NA
|
NA
|
NA
|
NA
|
|
Preferred Stock
|
NA
|
NA
|
NA
|
NA
|
|
Common Stock
|
0.08
|
0.08
|
0.08
|
0.08
|
|
Retained Earnings
|
283.29
|
257.78
|
227.07
|
198.79
|
|
Treasury Stock
|
NA
|
NA
|
NA
|
NA
|
|
Total Stockholders' Equity
|
845.82
|
819.17
|
787.39
|
757.84
|
|
Total Liabilities and Stockholders' Equity
|
913.83
|
878.39
|
844.32
|
828.88
|
Cash Flow Summary (Millions) |
|
Categories
|
9/30/2011
|
6/30/2011
|
3/31/2011
|
12/31/2010
|
|
Net Cash Provided by Operating Activities
|
50.33
|
50.66
|
28.62
|
46.79
|
|
Net Cash Provided by Investing Activities
|
-52.67
|
-48.15
|
-35.67
|
-37.38
|
|
Net Cash Provided by Financing Activities
|
-1.42
|
-0.49
|
0.14
|
0.04
|
Annual Summary Data (Millions) |
| Year |
Sales |
Net
Income |
EPS |
| 12/2008 | 415.33 | 142.67 | -- | | 12/2009 | 301.80 | 55.34 | 0.74 | | 12/2010 | 359.30 | 45.28 | 0.60 | | Growth Rates | -6.99 | -43.66 | -- |
| Type |
Date(Q,M) |
No.
Owners |
Shares
Held (000s) |
%
Own |
| Institutional | 12/31/11 | 209 | 49,596 | 65.95 |
|
Report Date :
1/30/2012
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