MARTIN MARIETTA MATERIALS, INC. MLM Cash Flow

Martin marietta materials, inc. (MLM)

CashFlow / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10
Cash Flows from Operating Activities:
Consolidated net earnings
595,000	612,000	575,422	507,153	503,260	470,400	753,209	724,395	681,133	713,400	434,884	442,823	422,696	425,444	409,870	367,969	327,834	288,938	269,704	205,960	183,606	154,294	125,461	143,666	125,608	119,432	106,000	97,631	93,871	85,527	78,886	65,549	63,597	83,573	83,699	86,622	105,715	98,664	0	0	0
Adjustments to reconcile consolidated net earnings to net cash provided by operating activities:
Depreciation, depletion and amortization
377,300	371,500	367,774	362,441	356,379	344,000	328,982	314,643	303,645	297,200	294,674	291,738	287,219	285,253	275,649	268,246	264,729	263,587	268,602	271,557	247,548	222,746	197,743	173,916	173,184	173,761	174,323	174,468	175,856	177,211	176,719	175,689	174,511	173,407	175,264	177,490	179,863	181,537	0	0	0
Stock-based compensation expense
33,100	34,100	34,630	34,452	33,040	29,300	29,886	29,871	29,985	30,500	27,012	25,407	23,528	20,481	20,034	18,866	17,910	13,589	13,334	12,147	10,491	8,993	7,981	7,397	7,172	7,008	7,242	7,185	7,148	7,781	8,152	9,748	10,623	11,522	12,308	12,583	13,558	14,675	0	0	0
Gain on divestitures and sales of assets
2,200	3,100	9,083	9,700	40,749	39,300	36,597	35,413	20,424	19,400	17,718	16,843	-583	-410	13,317	-14,685	-15,569	-14,093	-23,086	51,403	52,767	52,297	49,077	3,590	2,709	2,265	1,101	539	2,065	956	12,462	12,943	12,005	15,494	0	0	0	-	-	-	0
Deferred income taxes
27,800	29,400	34,619	63,721	87,871	85,100	-176,810	-226,578	-239,898	-239,100	13,759	35,125	51,889	67,050	101,773	85,708	75,439	85,225	48,608	90,631	83,129	50,292	49,889	8,398	15,657	24,113	21,546	16,434	18,044	13,929	16,543	8,865	7,252	11,324	-9,838	5,374	3,328	935	0	0	0
Excess tax benefits from stock-based compensation transactions
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	2,732	2,037	2,375	2,368	0	0	0	-	-	-	0	-	-	-	1,414	1,291	0	0	0
Other items, net
-7,700	-8,600	-4,529	-10,649	6,231	9,000	5,613	13,488	15,490	13,400	10,120	16,925	16,166	18,023	17,215	11,398	9,200	5,972	3,525	-1,227	-4,764	-4,795	-2,076	-3,328	-75	429	980	-221	-2,054	-2,073	-2,542	-1,886	-1,711	-1,598	-5,295	-6,713	-5,645	-4,629	0	0	0
Changes in operating assets and liabilities, net of effects of acquisitions and divestitures:
Accounts receivable, net
14,100	50,400	119,026	40,073	57,651	10,600	36,854	74,195	-12,956	29,300	15,846	20,256	16,682	25,072	-33,515	29,154	57,392	-12,309	51,565	-6,200	-20,522	16,650	34,528	56,269	39,962	22,523	35,238	13,799	-8,275	20,302	34,602	3,456	8,359	19,375	11,719	13,187	580	20,546	0	0	0
Inventories, net
53,700	27,700	412	-877	-3,273	22,000	32,211	57,893	72,498	79,000	68,229	42,490	49,261	47,381	37,831	26,995	15,949	21,525	30,953	35,412	23,680	12,020	-4,415	70	4,444	11,639	11,925	16,100	13,365	9,640	13,162	11,417	16,204	5,107	12,078	14,692	9,224	-1,241	0	0	0
Accounts payable
10,400	25,900	43,002	12,448	32,575	20,100	21,913	14,703	-18,511	-17,900	-17,356	-28,974	-8,811	-8,116	-49,817	-4,116	-10,494	-40,053	974	-33,955	-10,200	5,303	18,849	39,482	21,695	20,063	11,979	-13,295	-22,848	-8,673	11,489	26,380	23,586	30,387	9,300	7,513	7,665	8,223	0	0	0
Other assets and liabilities, net
26,400	34,200	35,095	158,170	210,779	179,900	164,889	9,735	-27,849	-14,600	-44,289	-38,814	502	11,106	39,927	20,491	-5,232	29,591	36,793	26,238	49,552	-20,419	-24,857	-16,621	-3,087	-3,798	2,789	5,684	20,269	23,484	32,837	30,214	11,243	12,741	1,427	22,444	33,360	13,767	0	0	0
Net Cash Provided by Operating Activities
954,900	966,100	913,360	800,798	717,988	705,100	681,016	666,310	688,747	657,600	685,349	708,419	694,493	688,940	682,734	663,375	613,787	580,600	0	0	0	-	-	-	296,988	308,951	266,290	243,492	245,583	222,689	201,268	230,087	233,449	259,094	247,067	240,209	264,013	269,808	0	0	0
Additions to property, plant and equipment
367,500	393,500	396,843	395,182	409,841	376,000	363,710	382,481	404,464	410,300	410,531	392,797	395,134	387,267	391,266	400,801	356,375	318,232	306,060	275,436	251,355	232,183	191,461	189,968	170,266	155,233	147,424	134,774	135,385	151,023	167,786	162,886	162,207	155,363	119,410	126,090	141,569	135,916	0	0	0
Acquisitions, net
-	-	-	-	-	-	-	-	-	-	-	-	-	174,522	211,156	155,502	155,626	43,215	10,763	10,785	10,728	189	220	61,349	61,899	64,478	64,460	3,319	2,735	160	41,771	41,771	91,568	91,569	65,122	65,117	15,328	43,299	0	0	0
Cash received in acquisition
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from divestitures and sales of assets
21,300	8,400	12,621	16,884	69,572	69,100	66,322	62,124	37,989	36,000	34,398	34,091	3,600	6,476	31,293	450,624	450,062	448,122	430,872	121,803	122,059	121,985	118,514	8,844	8,385	8,564	5,310	7,900	9,369	9,973	9,701	6,767	8,004	8,008	6,687	6,394	5,633	5,033	0	0	0
Investments in life insurance contracts, net
8,000	600	588	903	501	800	795	448	218	300	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payment of railcar construction advances
-	-	-	-	-	79,400	56,679	30,976	15,019	43,600	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Reimbursement of railcar construction advances
-	-	-	-	-	79,400	58,703	30,976	15,019	43,600	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other investing activities, net
900	1,400	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayments from affiliate
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,808	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Cash Used for Investing Activities
-353,900	-385,900	-386,250	-374,754	-1,982,068	-1,948,200	-1,940,167	-1,975,507	-378,357	-386,100	-384,867	-415,305	-446,028	-555,020	-566,713	-102,170	-58,430	88,546	0	0	0	-	-	-	-227,182	-214,549	-211,976	-132,193	-130,751	-143,210	-199,856	-197,890	-245,771	-238,924	-177,845	-184,813	-151,264	-174,182	0	0	0
Cash Flows from Financing Activities:
Borrowings of debt
1,118,000	625,000	0	0	0	-	-	-	-	2,408,800	1,211,244	1,221,244	555,000	560,000	0	0	0	-	-	-	-	868,762	1,117,679	408,917	604,417	604,417	355,500	305,500	90,000	181,000	216,000	206,000	346,000	495,000	510,000	535,000	450,000	200,000	0	0	0
Repayments of debt
1,017,100	975,100	660,103	605,103	995,087	910,100	785,004	695,002	1,020,001	1,065,000	1,256,074	1,223,909	467,928	449,306	301,587	306,980	266,356	244,704	144,621	1,019,016	1,038,902	1,057,289	1,355,002	417,392	614,867	621,142	341,196	356,688	146,575	193,655	167,630	152,607	384,723	470,450	495,922	505,900	531,327	419,680	0	0	0
Payments on financing leases
10,800	11,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Debt issuance costs
0	-	-	-	-	3,900	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	621	301	301	509	3,329	3,328	3,328	3,120	80	0	0	0
Repurchases of common stock
0	-	-	-	-	-	-	-	-	100,000	169,227	169,227	209,227	259,228	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change in bank overdraft
-	-	-	-	-	-	-	-	-	-	-	-	-	-10,235	0	7,143	0	10,052	0	0	0	-2,373	0	0	0	-	-	-	-	-	102	3,352	1,929	-2,123	0	-3,403	-2,227	386	0	0	0
Payments on capital lease obligations
-	-	-	-	-	3,500	3,381	3,473	3,568	3,500	3,609	3,553	3,345	3,364	3,295	6,348	6,601	6,616	6,682	3,854	3,345	3,075	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	308	0	0	0
Dividends paid
134,200	129,800	125,437	121,220	118,915	116,400	114,129	111,560	110,225	108,900	107,702	106,704	105,749	105,036	104,538	104,644	104,955	107,462	108,260	108,335	101,054	91,304	82,834	74,383	74,298	74,197	74,091	73,974	73,850	73,767	73,718	73,696	73,668	73,648	73,625	73,604	73,588	73,550	0	0	0
Distributions to owners of noncontrolling interest
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,000	0	0	0	-	-	-	-
Contributions by noncontrolling interest to joint venture
-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from exercise of stock options
13,300	13,700	12,602	7,451	5,099	7,300	7,076	9,106	8,984	10,100	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Shares withheld for employees' income tax obligations
33,700	28,100	26,902	14,009	12,620	11,900	12,003	12,927	14,485	11,800	12,803	13,115	12,838	9,723	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Issuances of common stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	0	0	0	-	38,315	10,021	14,685	11,691	15,022	17,335	9,835	6,959	3,516	1,149	1,788	1,473	1,740	1,584	3,164	3,047	0	0	0
Excess tax benefits from stock-based compensation transactions
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	2,732	2,037	2,375	2,368	0	0	0	-	-	-	0	-	-	-	1,414	1,291	0	0	0
Net Cash Provided by Financing Activities
-214,400	-604,100	-532,012	-406,256	-120,929	-158,400	1,277,967	1,306,328	1,056,639	1,124,900	-325,947	-284,988	-220,289	-252,291	-491,766	-576,778	-584,481	-609,388	0	0	0	-	-	-	-71,265	-77,359	-32,494	-108,980	-122,522	-80,107	-22,831	-16,903	-119,557	-64,471	-72,881	-61,392	-156,963	-288,894	0	0	0
Net Increase (Decrease) in Cash and Cash Equivalents
386,600	-23,900	-4,902	19,788	-1,385,009	-1,401,500	18,816	-2,869	1,367,029	1,396,400	-25,465	8,126	28,176	-118,371	-375,745	-15,573	-29,124	59,758	362,832	9,840	20,565	66,214	16,356	-9,383	-1,459	17,043	21,820	2,319	-7,690	-628	-21,419	15,294	-131,879	-44,301	-3,659	-5,996	-44,214	-193,268	0	0	0
Supplemental Disclosures of Cash Flow Information:
Cash paid for interest
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	79,575	51,339	51,761	52,034	52,405	52,370	52,313	53,039	53,346	52,696	61,330	60,740	68,711	68,133	68,263	68,135	0	0	0
Cash paid for income taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	28,070	33,105	30,599	23,491	11,088	2,414	1,137	12,826	9,228	6,655	18,133	13,889	23,760	23,183	29,006	19,661	0	0	0