| Address:
|
4 PARKWAY NORTH
SUITE 400 |
| City: |
DEERFIELD |
|
State: |
IL |
|
Zip Code: |
60015 |
| Telephone: |
(847) 405-2400 |
|
Description of Business
|
Primary SIC Code:
2870 |
| (As filed with the SEC)
|
|
|
"Notes" referenced throughout this document refer to financial statement
footnote disclosures that are found in Item 8. Financial Statements and
Supplementary Data, Notes to the Consolidated Financial Statements.
Overview
Terra Nitrogen Company, L.P. (TNCLP, we, our or us) is a Delaware limited
partnership that produces nitrogen fertilizer products. Our principal products
are anhydrous ammonia (ammonia) and urea ammonium nitrate solutions (UAN), which
we manufacture at our facility in Verdigris, Oklahoma.
We conduct our operations through an operating partnership, Terra Nitrogen,
Limited Partnership (TNLP or the Operating Partnership, and collectively with
TNCLP, the Partnership). Terra Nitrogen GP Inc. (TNGP or General Partner), a
Delaware corporation, is the general partner of both TNCLP and TNLP and owns a
consolidated 0.05 percent general partner interest in the Partnership. ... More ... |
| Date |
12-mos
Rolling EPS |
Dividend |
P/E
Ratio |
| 09/2011 | 14.07 | 3.960 | 10.27 | | 06/2011 | 11.56 | 3.750 | 11.90 | | 03/2011 | 9.83 | 1.360 | 11.89 | | 12/2010 | 8.01 | NA | 13.50 | | 09/2010 | 6.62 | 1.400 | 13.70 | | 06/2010 | 5.86 | 2.360 | 11.60 | | 03/2010 | 5.69 | 1.250 | 13.32 | | 12/2009 | 5.40 | NA | 19.27 |
Key Financial Ratios and Statistics |
FYE:
12/31 |
| Profitability |
2010 |
Leverage |
2010 |
| Net Inc/Comm Equity | -0.96 | Total Liab/Total Assets | 0.29 | | Net Inc/Total Assets | 0.68 | Total Liab/Inv Cap | 0.41 | | Net Inc/Inv Cap | 0.96 | Total Liab/Comm Equity | -0.41 | | Pretax Inc/Net Sales | 0.36 | Interest Coverage Ratio | 505.00 | | Net Inc/Net Sales | 0.36 | Curr Debt/Equity | NA | | Cash Flow/Net Sales | 0.46 | LTD/Equity | NA | | SG&A/NetSales | 0.03 | Total Debt/Equity | NA |
| Asset Utilization
|
|
Liquidity |
|
| Net Receivables Turnover | 16.80 | Quick Ratio | 1.92 | | Inventory Turnover | 12.15 | Current Ratio | 2.24 | | Inventory Day Sales | 0.03 | Net Rec/Curr Assets | 0.20 | | Net Sales/Work Cap | 5.29 | Inv/Curr Assets | 0.14 | | Net Sales/PP&E | 6.79 | | |
Income Statement (Millions) |
| |
9/30/2011
|
6/30/2011
|
3/31/2011
|
12/31/2010
|
|
Total Revenues(Net Sales)
|
203.30
|
198.60
|
196.00
|
142.90
|
|
Cost of Goods Sold
|
70.40
|
65.80
|
70.90
|
73.50
|
|
Selling & Admin Exps
|
4.50
|
3.90
|
4.20
|
3.60
|
|
Operating Income
|
128.40
|
128.90
|
120.90
|
65.80
|
|
Interest Exp
|
0.00
|
0.00
|
0.00
|
0.00
|
|
Pretax Income
|
128.40
|
128.90
|
120.90
|
65.80
|
|
Other Income
|
0.00
|
NA
|
NA
|
0.00
|
|
Net Income Bef Extraordinary ...
|
NA
|
NA
|
NA
|
NA
|
|
Net Income
|
128.40
|
128.90
|
120.90
|
65.80
|
|
Assets
|
9/30/2011
|
6/30/2011
|
3/31/2011
|
12/31/2010
|
|
Cash & Short Term Investments
|
144.00
|
152.50
|
221.70
|
124.80
|
|
Receivables - Total
|
0.70
|
0.90
|
11.90
|
39.50
|
|
Inventories - Total
|
21.40
|
23.90
|
16.70
|
27.60
|
|
Total Current Assets
|
204.00
|
198.90
|
252.10
|
193.10
|
|
Net Property, Plant & Equipment
|
79.40
|
81.30
|
82.60
|
83.20
|
|
Total Assets
|
297.10
|
296.00
|
353.40
|
296.70
|
|
Liabilities
|
|
|
|
|
|
Accounts Payable
|
22.00
|
28.80
|
55.10
|
85.50
|
|
Debt in Current Liabilities
|
NA
|
NA
|
NA
|
NA
|
|
Total Current Liabilities
|
26.50
|
31.70
|
55.50
|
86.30
|
|
Long-Term Debt
|
NA
|
NA
|
NA
|
NA
|
|
Total Liabilities
|
27.60
|
32.60
|
56.20
|
86.70
|
|
Stockholder's Equity
|
|
|
|
|
|
Minority Interest
|
NA
|
NA
|
NA
|
NA
|
|
Preferred Stock
|
NA
|
NA
|
NA
|
NA
|
|
Common Stock
|
NA
|
NA
|
NA
|
NA
|
|
Retained Earnings
|
NA
|
NA
|
NA
|
NA
|
|
Treasury Stock
|
NA
|
NA
|
NA
|
NA
|
|
Total Stockholders' Equity
|
NA
|
NA
|
NA
|
NA
|
|
Total Liabilities and Stockholders' Equity
|
NA
|
NA
|
NA
|
NA
|
Cash Flow Summary (Millions) |
|
Categories
|
9/30/2011
|
6/30/2011
|
3/31/2011
|
12/31/2010
|
|
Net Cash Provided by Operating Activities
|
131.90
|
105.50
|
138.10
|
70.10
|
|
Net Cash Provided by Investing Activities
|
-18.10
|
-12.00
|
-7.50
|
-11.20
|
|
Net Cash Provided by Financing Activities
|
-122.30
|
-162.70
|
-33.70
|
-35.20
|
Annual Summary Data (Millions) |
| Year |
Sales |
Net
Income |
EPS |
| 12/2006 | 425.10 | 46.19 | 2.45 | | 12/2007 | 636.31 | 205.78 | 10.90 | | 12/2008 | 903.02 | 422.38 | 14.90 | | 12/2009 | 507.70 | 144.30 | 5.40 | | 12/2010 | 564.60 | 201.60 | 8.01 | | Growth Rates | 7.35 | 44.54 | 34.47 |
| Type |
Date(Q,M) |
No.
Owners |
Shares
Held (000s) |
%
Own |
| Institutional | 12/31/11 | 85 | 1,038 | 5.61 |
|
Report Date :
2/6/2012
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