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Tables in the 10-Q of MARTIN MARIETTA MATERIALS INC

53 tables with numbers, filed Oct 30, 2019. Each one downloads as a CSV for Excel or Google Sheets, with the filing's address in the last row. Only the layout is tidied (a "$" or ")" in a cell of its own is joined to its number); no value is changed. Open the filing on sec.gov ↗

	Page
Part I. Financial Information:
Item 1. Financial Statements
Consolidated Balance Sheets – September 30, 2019 and December 31, 2018		3
Consolidated Statements of Earnings and Comprehensive Earnings – Three and Nine Months Ended September 30, 2019 and 2018		4
Consolidated Statements of Cash Flows – Nine Months Ended September 30, 2019 and 2018		5
Consolidated Statement of Total Equity – Three and Nine Months Ended September 30, 2019 and 2018		6
Notes to Consolidated Financial Statements		8

	September 30,		December 31,
	2019		2018
	(Dollars in Thousands)
ASSETS
Current Assets:
Cash and cash equivalents	$49,087		$44,892
Accounts receivable, net		763,878		523,276
Inventories, net		649,716		663,035

	Three Months Ended		Nine Months Ended
	September 30,		September 30,
	2019		2018		2019	2018
	(In Thousands, Except Per Share Data)
Products and services revenues	$1,323,160		$1,142,218		$3,397,599	$3,024,300
Freight revenues		97,086		77,422		241,069	199,747
Total Revenues		1,420,246		1,219,640		3,638,668	3,224,047
Cost of revenues - products and services		901,844		828,110		2,474,333	2,282,159

(In Thousands, Except Per Share Data)	Shares of Common Stock		Common Stock			Additional Paid-in Capital		Accumulated Other Comprehensive Loss		Retained Earnings		Total Shareholders' Equity			Noncontrolling Interests		Total Equity
Balance at June 30, 2019		62,433		$623			$3,416,590		$(137,334)		$1,814,974		$5,094,853			$2,417		$5,097,270
Consolidated net earnings		—			—			—			—			248,573			248,573		49	248,622
Other comprehensive earnings, net of tax		—			—			—			2,569			—			2,569		—	2,569
Dividends declared ($0.55 per share)		—			—			—			—			(34,612)			(34,612)		—	(34,612)
Issuances of common stock for stock award plans		96			1			4,956			—			—			4,957		—	4,957
Shares withheld for employees' income tax obligations		—			—			(13,244)			—			—			(13,244)		—	(13,244)
Repurchases of common stock		(29)			—			—			—			(7,288)			(7,288)		—	(7,288)

	(Dollars in Thousands)
	Pension and Postretirement Benefit Plans		Foreign Currency		Unamortized Value of Terminated Forward Starting Interest Rate Swap	Accumulated Other Comprehensive Loss
	Three Months Ended September 30, 2019
Balance at beginning of period	$(136,021)		$(1,313)		$—	$(137,334)
Amounts reclassified from accumulated other comprehensive loss, net of tax		2,726		(157)		—	2,569
Balance at end of period	$(133,295)		$(1,470)		$—	$(134,765)
	Three Months Ended September 30, 2018
Balance at beginning of period	$(124,798)		$(1,085)		$—	$(125,883)

	Three Months Ended		Nine Months Ended		Affected line items in the consolidated
	September 30,		September 30,		statements of earnings and
	2019		2018		2019	2018	comprehensive earnings
	(Dollars in Thousands)
Pension and postretirement benefit plans
Settlement expense	$—		$2,692		$—	$2,692
Amortization of:
Prior service credit		(188)		(492)		(566)		(1,479)

	Three Months Ended
	September 30, 2019
	Products and Services		Freight	Total
	(Dollars in Thousands)
Mid-America Group	$411,045		$37,713	$448,758
Southeast Group		129,619		4,519	134,138
West Group		723,162		49,311	772,473
Total Building Materials Business		1,263,826		91,543	1,355,369

(Dollars in Thousands)	September 30, 2019	December 31, 2018
Costs in excess of billings	$7,725	$1,975
Billings in excess of costs	$8,021	$6,743

	Pension		Postretirement Benefits
	Three Months Ended September 30,
	2019		2018		2019	2018
	(Dollars in Thousands)
Service cost	$7,711		$7,911		$15	$19
Interest cost		9,424		8,307		131	130
Expected return on assets		(11,929)		(11,516)		—	—
Amortization of:

	Pension		Postretirement Benefits
	Nine Months Ended September 30,
	2019		2018		2019	2018
	(Dollars in Thousands)
Service cost	$23,133		$23,732		$44	$58
Interest cost		28,280		24,921		437	389
Expected return on assets		(35,864)		(34,549)		—	—
Amortization of:

	Three Months Ended		Nine Months Ended
	September 30,		September 30,
	2019		2018		2019	2018
	(In Thousands)
Net earnings attributable to Martin Marietta Materials, Inc.	$248,573		$180,221		$480,901	$375,621
Less: Distributed and undistributed earnings attributable to unvested awards		345		271		886	672
Basic and diluted net earnings available to common shareholders attributable to Martin Marietta Materials, Inc.	$248,228		$179,950		$480,015	$374,949
Basic weighted-average common shares outstanding		62,510		62,932		62,552	62,970

	September 30,		December 31,
	2019		2018
	(Dollars in Thousands)
Finished products	$605,912		$615,719
Products in process and raw materials		65,928		66,920
Supplies and expendable parts		142,032		139,566
		813,872		822,205
Less: Allowances		(164,156)		(159,170)

	September 30,		December 31,
	2019		2018
	(Dollars in Thousands)
4.25% Senior Notes, due 2024	$396,849		$396,398
7% Debentures, due 2025		124,343		124,272
3.450% Senior Notes, due 2027		297,178		296,939
3.500% Senior Notes, due 2027		495,136		494,765
6.25% Senior Notes, due 2037		228,142		228,094

	September 30, 2019
	(Dollars in Thousands)
Operating Leases:
Operating lease right-of-use assets	$484,853
Current operating lease liabilities	$51,751
Noncurrent operating lease liabilities		436,698
Total operating lease liabilities	$488,449
Finance Leases:

	September 30, 2019		December 31, 2018
Assets employed:	(Dollars in Thousands)
Mid-America Group	$2,904,439		$2,788,454
Southeast Group		1,447,293		1,299,469
West Group		5,392,587		4,989,639
Total Building Materials Business		9,744,319		9,077,562
Magnesia Specialties		163,095		156,106
Corporate		316,071		317,751

	September 30, 2019
Weighted-average remaining lease term (years):
Operating leases		14.7
Finance leases		8.7
Weighted-average discount rate:
Operating leases		4.3%
Finance leases		5.2%

	Operating		Finance
	Leases		Leases
	(Dollars in Thousands)
2019	$18,253		$948
2020		68,838		3,196
2021		56,568		1,951
2022		51,600		1,094
2023		47,934		779

	September 30, 2019
	(Dollars in Thousands)
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows used for operating leases	$57,193
Operating cash flows used for finance leases	$412
Financing cash flows used for finance leases	$2,651

	Three Months Ended	Nine Months Ended (1)
	September 30, 2019	September 30, 2019
	(Dollars in Thousands)
Right-of-use assets obtained in exchange for new operating lease liabilities	$11,034	$36,369
Right-of-use assets obtained in exchange for new finance lease liabilities	$—	$217

	Capital Leases		Operating Leases		Royalty Commitments
	(Dollars in Thousands)
2019	$3,718		$105,955		$14,614
2020		2,695		70,478		11,364
2021		1,735		60,382		10,335
2022		1,004		57,531		9,545
2023		713		56,511		8,109
Thereafter		3,893		318,147		65,981

Assets:
Cash	$1,159
Receivables		25,479
Inventory		46,635
Other current assets		1,029
Property, plant and equipment		1,519,289
Intangible assets, other than goodwill		20,150
Goodwill		242,981

Aggregates products gross profit, quarter ended September 30, 2018	$209,666
Volume		42,079
Pricing		40,876
Operational performance (1)		(5,597)
Change in aggregates products gross profit		77,358
Aggregates products gross profit, quarter ended September 30, 2019	$287,024

Aggregates products gross profit, nine months ended September 30, 2018	$461,912
Volume		121,578
Pricing		79,069
Operational performance (1)		(26,054)
Change in aggregates products gross profit		174,593
Aggregates products gross profit, nine months ended September 30, 2019	$636,505

	October 1, 2018 to
	September 30, 2019
	(Dollars in Thousands)
Earnings from continuing operations attributable to Martin Marietta	$575,278
Add back:
Income tax expense		132,586
Interest expense		132,223
Depreciation, depletion and amortization expense and noncash nonconsolidated equity affiliate adjustment		378,205

Tables in the 10-Q of MARTIN MARIETTA MATERIALS INC

Table 1 after “For the Quarter Ended September 30, 2019”

Table 2 after “(UNAUDITED) CONSOLIDATED BALANCE SHEETS”

Table 3 after “(UNAUDITED) CONSOLIDATED STATEMENTS OF EARNINGS AND COMPREHENSIVE EARNINGS”

Table 4 after “(UNAUDITED) CONSOLIDATED STATEMENTS OF CASH FLOWS”

Table 5 after “(UNAUDITED) CONSOLIDATED STATEMENTS OF TOTAL EQUITY”

Table 6 after “(UNAUDITED) CONSOLIDATED STATEMENTS OF TOTAL EQUITY (Continued)”

Table 7 after “Comprehensive earnings attributable to Martin Marietta is as follows:”

Table 8 after “Comprehensive earnings attributable to noncontrolling interests, consisting of net earnings and adjustments for the funded status of pension”

Table 9 after “Changes in accumulated other comprehensive loss, net of tax, are as follows:”

Table 10 after “Changes in net noncurrent deferred tax assets recorded in accumulated other comprehensive loss are as follows:”

Table 11 after “Reclassifications out of accumulated other comprehensive loss are as follows:”

Table 12 after “The following table reconciles the numerator and denominator for basic and diluted earnings per common share:”

Table 13 after “The following table presents the Company’s total revenues by category for each reportable segment:”

Table 14 after “(Continued)”

Table 15 after “The following table presents information about the Company’s contract balances:”

Table 16 after “When the Company arranges third-party freight to deliver products to customers, the Company has elected the delivery to be a fulfillment act”

Table 17 after “When the Company arranges third-party freight to deliver products to customers, the Company has elected the delivery to be a fulfillment act”

Table 18 after “The estimated components of the recorded net periodic benefit cost (credit) for pension and postretirement benefits are as follows:”

Table 19 after “(Continued)”

Table 20 after “(Continued)”

Table 21 after “(Continued)”

Table 22 after “The Company’s two cold mix asphalt plants have been reclassified from the asphalt and paving product line to the aggregates product line. Th”

Table 23 after “The components of lease cost are as follows:”

Table 24 after “The balance sheet classifications of operating and finance leases are as follows:”

Table 25 after “Weighted-average remaining lease terms and discount rates are as follows:”

Table 26 after “Future lease payments under leases as of September 30, 2019 are as follows:”

Table 27 after “The following tables present supplemental cash flow and non-cash information related to leases:”

Table 28 after “(Continued)”

Table 29 after “Future minimum lease and royalty commitments for all noncancelable agreements and capital lease obligations as of December 31, 2018 were as ”

Table 30 after “Noncash investing and financing activities are as follows:”

Table 31 after “Supplemental disclosures of cash flow information are as follows:”

Table 32 after “The following is a summary of the fair values of the assets acquired and the liabilities assumed as of the acquisition date (dollars in thou”

Table 33 after “A reconciliation of net earnings attributable to Martin Marietta Materials, Inc. to consolidated Adjusted EBITDA is as follows:”

Table 34 after “(Continued)”

Table 35 after “(Continued)”

Table 36 after “The following presents a rollforward of aggregates products gross profit (dollars in thousands):”

Table 37 after “(Continued)”

Table 38 after “The following tables present aggregates products volume and pricing variance data and shipments data by segment:”

Table 39 after “The following tables present aggregates products volume and pricing variance data and shipments data by segment:”

Table 40 after “The following table presents shipments data for the Building Materials business by product line.”

Table 41 after “The average selling price by product line for the Building Materials business is as follows:”

Table 42 after “(Continued)”

Table 43 after “(Continued)”

Table 44 after “The following presents a rollforward of aggregates products gross profit (dollars in thousands):”

Table 45 after “(Continued)”

Table 46 after “The following tables present aggregates products volume and pricing variance data and shipments data by segment:”

Table 47 after “(Continued)”

Table 48 after “The following table presents shipments data for the Building Materials business by product line.”

Table 49 after “The average selling price by product line for the Building Materials business is as follows:”

Table 50 after “primarily derived from consolidated net earnings before deducting depreciation, depletion and amortization, and the impact of changes in wor”

Table 51 after “and was calculated as follows:”

Table 52 after “ISSUER PURCHASES OF EQUITY SECURITIES”

Table 53 after “em 6. Exhibits.”

						Total Number of Shares		Maximum Number of
						Purchased as Part of		Shares that May Yet
	Total Number of		Average Price		Publicly Announced		be Purchased Under
Period	Shares Purchased		Paid per Share		Plans or Programs		the Plans or Programs
July 1, 2019 - July 31, 2019		—		$—		—			13,915,340
August 1, 2019 - August 31, 2019		26,223		$249.43		26,223			13,889,117
September 1, 2019 - September 30, 2019		3,000		$249.50		3,000			13,886,117

Exhibit No.	Document
10.01	Eleventh Amendment to Credit and Security Agreement, dated as of September 24, 2019, among Martin Marietta Funding LLC, as borrower, Martin Marietta Materials, Inc., as servicer, and SunTrust Bank, as lender together with the other lenders from time to time party thereto, and SunTrust Bank, as administrative agent for the lenders (incorporated by reference to Exhibit 10.01 to the Martin Marietta Materials, Inc. Current Report on Form 8-K, filed on September 24, 2019) (Commission File No. 1-12744)
31.01	Certification dated October 30, 2019 of Chief Executive Officer pursuant to Securities and Exchange Act of 1934 rule 13a-14 as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
31.02	Certification dated October 30, 2019 of Chief Financial Officer pursuant to Securities and Exchange Act of 1934 rule 13a-14 as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
32.01	Written Statement dated October 30 2019 of Chief Executive Officer required by 18 U.S.C. 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
32.02	Written Statement dated October 30, 2019 of Chief Financial Officer required by 18 U.S.C. 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
95	Mine Safety Disclosures
101.INS	Inline XBRL Instance Document – The instance document does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document.