MARTIN MARIETTA MATERIALS, INC. MLM Cash Flow

Martin marietta materials, inc. (MLM)

CashFlow / Yearly

Dec'19	Dec'18	Dec'17	Dec'16	Dec'15	Dec'14	Dec'13	Dec'12	Dec'11	Dec'10	Dec'09	Dec'08
Cash Flows from Operating Activities:
Consolidated net earnings
612,000	470,400	713,400	425,444	288,938	154,294	119,432	85,527	83,573	98,664	88,164	179,750
Adjustments to reconcile consolidated net earnings to net cash provided by operating activities:
Depreciation, depletion and amortization
371,500	344,000	297,200	285,253	263,587	222,746	173,761	177,211	173,407	181,537	179,391	171,129
Stock-based compensation expense
34,100	29,300	30,500	20,481	13,589	8,993	7,008	7,781	11,522	14,675	20,552	21,865
Gain on divestitures and sales of assets
3,100	39,300	19,400	-410	-14,093	52,297	2,265	956	15,494	4,492	-2,121	-25,565
Deferred income taxes
29,400	85,100	-239,100	67,050	85,225	50,292	24,113	13,929	11,324	935	8,685	23,848
Noncash portion of asset and portfolio rationalization charge
17,000	17,000	-	-	-	-	-	-	-	-	-	-
Excess tax benefits from stock-based compensation transactions
-	-	-	-	-	-	2,368	777	-	1,291	555	3,370
Other items, net
-8,600	9,000	13,400	18,023	5,972	-4,795	429	-2,073	-1,598	-4,629	1,018	-2,675
Changes in operating assets and liabilities, net of effects of acquisitions and divestitures:
Accounts receivable, net
50,400	10,600	29,300	25,072	-12,309	16,650	22,523	20,302	19,375	20,546	-48,521	-34,242
Inventories, net
27,700	22,000	79,000	47,381	21,525	12,020	11,639	9,640	5,107	-1,241	12,525	25,182
Accounts payable
25,900	20,100	-17,900	-8,116	-40,053	5,303	20,063	-8,673	30,387	8,223	-10,452	-24,411
Other assets and liabilities, net
34,200	179,900	-14,600	11,106	29,591	-20,419	-3,798	23,484	12,741	13,767	4,516	3,997
Net Cash Provided by Operating Activities
966,100	705,100	657,600	688,940	580,600	385,875	308,951	222,689	259,094	269,808	318,368	345,634
Additions to property, plant and equipment
393,500	376,000	410,300	387,267	318,232	232,183	155,233	151,023	155,363	135,916	139,230	258,246
Acquisitions, net
-	1,642,100	12,100	174,522	43,215	189	64,478	160	91,569	43,299	49,593	218,544
Cash received in acquisition
-	-	-	-	63	59,887	-	-	-	-	-	-
Proceeds from divestitures and sales of assets
8,400	69,100	36,000	6,476	448,122	121,985	8,564	9,973	8,008	5,033	7,792	26,028
Investments in life insurance contracts, net
600	800	300	293	-	-	-	-	-	-	-	-
Payment of railcar construction advances
-	79,400	43,600	82,910	25,234	14,513	-	-	-	-	-	-
Reimbursement of railcar construction advances
-	79,400	43,600	82,910	25,234	14,513	-	-	-	-	8,743	7,286
Other investing activities, net
1,400	-	-	-	-	-	-	-	-	-	-	-
Repayments from affiliate
-	-	-	-	1,808	1,175	-	-	-	-	-	-
Loan to affiliate
-	-	-	-	-	-	3,402	2,000	-	-	4,000	-
Net Cash Used for Investing Activities
-385,900	-1,948,200	-386,100	-555,020	88,546	-49,325	-214,549	-143,210	-238,924	-174,182	-185,031	-450,762
Cash Flows from Financing Activities:
Borrowings of debt
625,000	1,000,000	2,408,800	560,000	230,000	868,762	604,417	181,000	495,000	200,000	330,000	297,837
Repayments of debt
975,100	910,100	1,065,000	449,306	244,704	1,057,289	621,142	193,655	470,450	419,680	236,006	205,022
Payments on financing leases
11,000	-	-	-	-	-	-	-	-	-	-	-
Repayments on short-term facilities, net
-	-	-	-	-	-	-	-	-	-	-200,000	128,000
Debt issuance costs
-	3,900	2,200	2,300	-	2,782	2,148	621	3,329	80	2,389	1,105
Repurchases of common stock
98,200	100,400	100,000	259,228	519,962	-	-	-	-	-	-	24,017
Change in bank overdraft
-	-	-	-10,235	10,052	-2,373	2,556	-	-2,123	386	-2,940	-1,674
Payments on capital lease obligations
-	3,500	3,500	3,364	6,616	3,075	28	-	-	308	137	191
Termination of interest rate swaps
-	-	-	-	-	-	-	-	-	-	-	11,139
Dividends paid
129,800	116,400	108,900	105,036	107,462	91,304	74,197	73,767	73,648	73,550	71,178	62,511
Payments of deferred acquisition consideration
-	6,700	2,800	-	-	-	-	-	-	-	-	-
Purchase of the noncontrolling interest in the existing joint venture
-	12,800	-	-	-	-	-	-	-	-	-	-
Distributions to owners of noncontrolling interest
600	-	-	400	325	800	876	800	1,000	-	2,562	3,935
Contributions by noncontrolling interest to joint venture
-	-	200	44	-	-	-	-	-	-	-	-
Purchase of remaining interest in existing subsidiaries
-	-	-	-	-	19,480	-	-	10,394	-	17,060	-
Proceeds from exercise of stock options
13,700	7,300	10,100	27,257	37,230	42,090	-	-	-	-	-	-
Shares withheld for employees' income tax obligations
28,100	11,900	11,800	9,723	7,601	4,085	-	-	-	-	-	-
Issuances of common stock
-	-	-	-	-	-	11,691	6,959	1,473	3,047	294,177	3,271
Excess tax benefits from stock-based compensation transactions
-	-	-	-	-	-	2,368	777	-	1,291	555	3,370
Net Cash Provided by Financing Activities
-604,100	-158,400	1,124,900	-252,291	-609,388	-270,336	-77,359	-80,107	-64,471	-288,894	92,460	122,884
Net Increase (Decrease) in Cash and Cash Equivalents
-23,900	-1,401,500	1,396,400	-118,371	59,758	66,214	17,043	-628	-44,301	-193,268	225,797	17,756
Supplemental Disclosures of Cash Flow Information:
Cash paid for interest
-	-	-	-	-	-	52,034	53,039	60,740	68,135	72,027	75,622
Cash paid for income taxes
-	-	-	-	-	-	23,491	12,826	13,889	19,661	17,087	54,827