Vulcan materials company (VMC)
CashFlow / TTM
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10Sep'10Jun'10Mar'10Dec'09Sep'09Jun'09Mar'09
Operating Activities
Net earnings

614,621

617,662

600,591

564,031

526,125

515,805

719,329

648,756

609,243

601,185

386,240

419,685

424,254

419,491

395,778

377,559

301,013

221,177

170,310

113,444

111,250

204,923

175,984

150,409

133,213

24,382

18,783

-8,321

-55,376

-52,593

-83,941

-78,242

-68,098

-70,778

-89,910

-96,623

-112,476

-96,490

-62,842

-21,856

24,347

30,314

0

0

0

Adjustments to reconcile net earnings to net cash provided by operating activities
Depreciation, depletion, accretion and amortization

380,895

374,596

368,708

361,851

353,988

346,246

334,454

324,698

315,841

305,965

299,552

291,965

287,097

284,940

283,415

281,029

277,506

274,823

275,409

276,903

276,842

279,497

285,089

292,253

300,889

307,108

309,445

315,233

322,389

331,959

341,439

348,279

356,300

361,719

366,590

373,340

378,482

382,093

385,628

387,173

389,494

394,612

0

0

0

Noncash operating lease expense

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net gain on sale of property, plant & equipment and businesses

17,454

23,752

17,552

19,422

18,077

14,944

21,571

20,955

21,622

17,827

17,127

17,662

15,245

15,431

5,438

4,214

4,107

9,927

13,118

13,320

14,233

244,222

240,908

247,954

270,201

50,978

95,365

88,190

77,933

78,654

34,808

74,165

63,932

58,808

64,977

25,225

23,668

68,095

75,455

82,563

88,308

27,916

0

0

0

Contributions to pension plans

8,706

8,882

9,196

9,475

9,508

109,631

109,587

120,073

120,092

20,023

20,088

9,583

9,607

9,576

9,836

15,962

14,943

14,047

12,710

5,519

5,580

5,488

5,435

5,338

5,078

4,855

4,665

4,569

4,517

4,509

4,509

5,145

5,003

4,892

4,858

5,416

5,459

24,496

24,223

46,449

48,797

27,616

0

0

0

Share-based compensation expense

32,835

31,843

28,380

24,822

24,145

25,215

28,332

27,727

26,941

26,635

24,978

23,509

22,837

20,670

19,873

19,401

17,869

18,248

19,479

21,635

24,265

23,884

23,729

22,919

21,479

22,093

24,901

24,975

20,530

17,474

14,825

13,206

16,655

18,454

18,430

18,962

19,036

20,637

16,448

19,634

22,606

23,120

0

0

0

Deferred tax expense (benefit)

94,908

76,011

50,092

58,906

73,381

64,639

-147,620

-192,247

-243,512

-235,697

-19,795

-33,900

-51,623

-33,591

-35,803

-17,317

3,218

-3,069

2,420

-6,698

-14,434

-18,378

-3,957

3,458

2,793

35,063

29,498

49,798

78,782

69,830

101,364

237,383

175,268

93,739

161,313

14,408

33,490

51,684

-68,356

-104,199

-78,761

-43,773

0

0

0

Excess tax benefits from share-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

18,376

17,039

11,679

8,042

3,464

2,640

2,515

2,302

161

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cost of debt purchase

-

-

-

-

-

-6,922

-104,646

-147,694

-147,694

-140,772

0

0

0

-

-

-

-

-67,075

-67,075

-67,075

-21,734

-72,949

-72,949

-72,949

-72,949

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Changes in assets and liabilities before initial effects of business acquisitions and dispositions

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

Other, net

-16,938

-28,518

-19,042

-31,035

-7,677

-5,499

-6,726

-9,484

-14,822

-13,020

-13,205

-9,267

-8,344

-3,691

-14,309

-12,238

-9,713

-616

11,936

9,276

6,665

-7,870

-4,834

-4,387

-5,770

-1,283

-4,295

-2,317

-794

-934

511

-2,823

-7,777

-9,961

-17,451

-16,881

-30,825

-21,611

-33,171

-30,605

-5,538

-16,091

0

0

0

Net cash provided by operating activities

950,433

984,122

906,275

858,933

855,973

832,777

817,774

765,216

643,494

644,678

639,514

644,808

650,012

644,588

642,810

609,903

589,112

519,538

392,618

302,744

285,133

261,007

246,213

424,744

364,394

356,499

404,728

196,191

196,464

238,475

141,076

158,966

154,137

169,043

196,605

191,066

240,317

202,706

226,040

302,289

354,376

453,035

0

0

0

Investing Activities
Purchases of property, plant & equipment

404,725

384,094

427,743

447,759

462,419

469,088

440,959

415,698

455,232

459,566

429,553

441,418

374,886

350,148

361,887

340,305

347,935

289,262

270,447

257,261

228,457

224,852

327,290

331,651

294,535

275,380

161,249

119,814

101,360

93,357

70,998

80,984

93,553

98,912

101,552

95,678

90,772

86,324

77,668

91,786

103,850

109,729

0

0

0

Proceeds from sale of property, plant & equipment

18,685

22,661

21,484

24,887

27,021

22,210

18,191

15,749

16,218

15,756

27,856

29,421

23,471

23,318

9,619

7,226

6,950

8,218

9,172

8,993

10,597

26,028

23,922

35,513

33,738

17,576

66,873

57,277

71,702

80,829

30,875

33,027

23,833

13,675

21,324

17,095

13,140

13,602

15,359

16,923

15,734

17,750

0

0

0

Proceeds from sale of businesses

0

1,744

1,744

1,744

1,744

11,256

298,548

298,548

298,548

287,292

0

0

0

-

-

-

-

-

-

-

-

721,359

719,089

717,785

753,496

51,604

62,080

62,247

27,503

21,166

12,599

74,282

74,282

74,739

72,830

12,284

12,174

50,954

50,954

55,492

55,602

16,075

0

0

0

Payment for businesses acquired, net of acquired cash

45,273

44,151

7,159

1,301

144,038

221,419

1,112,301

1,118,159

1,000,917

1,109,725

241,488

241,488

215,993

32,537

8,008

7,422

28,809

27,198

0

0

0

-

-

-

-

89,951

89,951

89,951

60,212

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Decrease in restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

0

0

0

-

-

0

0

-

-

0

0

-

-

-

-

-

-

-

-

-

0

0

0

-

-

0

0

Redemption of medium-term investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

33,282

0

0

0

Other, net

-5,112

11,997

11,976

7,201

20,053

12,850

15,869

13,879

3,282

3,248

-90

-716

-624

-2,173

-2,439

-1,846

-1,533

350

268

301

301

-33

41

41

41

39

-800

-1,714

-1,732

-1,761

-829

-235

-1,181

-1,550

-4,716

-5,573

-4,355

-3,926

182

1,397

865

400

0

0

0

Net cash used for investing activities

-426,201

-415,837

-423,650

-429,630

-597,745

-669,891

-1,252,390

-1,233,439

-1,144,665

-1,269,491

-644,245

-653,919

-567,934

-357,194

-356,687

-337,505

-367,111

-308,592

-295,707

-489,629

-438,071

238,331

147,076

359,312

399,895

-296,190

-121,447

-88,527

-60,635

10,399

-37,226

16,029

-4,788

-19,479

-37,281

-127,514

-127,994

-88,376

-44,780

-21,822

-65,923

-80,002

0

0

0

Financing Activities
Proceeds from short-term debt

170,700

366,900

591,900

593,800

684,100

739,900

514,900

506,200

257,000

5,000

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payment of short-term debt

349,200

499,900

791,900

816,800

705,600

606,900

314,900

146,200

57,000

5,000

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from issuance of common stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

30,620

34,441

31,360

26,629

3,821

0

0

0

-

-

-

-

4,936

4,936

11,356

30,676

41,734

61,151

63,623

610,995

606,546

0

0

0

Net short-term borrowings (payments)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-220,000

1

48,988

-286,357

-92,299

-367,001

-847,963

0

0

0

Payment of current maturities and long-term debt

23

23

23

22

23

892,055

1,554,785

2,120,345

2,355,341

1,463,308

800,688

235,128

130

130

150,018

164,124

549,147

695,060

475,174

531,080

146,071

579,829

493,820

568,819

720,262

150,602

441,153

296,152

144,706

134,780

290,743

290,941

1,025,606

1,028,575

1,063,162

1,181,755

447,170

519,204

259,163

155,451

421,734

361,724

0

0

0

Settlements of interest rate derivatives

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from issuance of long-term debt

-

-

-

-

-

850,000

1,450,000

1,450,000

2,700,000

2,200,000

1,600,000

1,600,000

350,000

0

0

0

0

400,000

400,000

400,000

400,000

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

397,660

0

0

0

Debt issuance and exchange costs

-

-

-

-

-

45,513

45,758

45,758

56,239

15,291

16,906

16,906

6,425

1,860

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,033

0

0

0

Settlements of interest rate derivatives

-

-

-

-

-

3,378

3,378

3,378

3,378

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchases of common stock

28,734

2,602

36,669

59,062

78,415

133,983

99,916

74,921

66,650

60,303

60,303

152,610

187,251

161,463

182,938

90,631

44,908

21,475

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Dividends paid

168,134

163,973

159,860

155,840

151,872

148,109

144,264

140,337

136,359

132,335

125,731

119,189

112,767

106,333

93,201

80,003

66,679

53,214

47,789

42,359

35,606

28,884

22,274

15,667

10,423

5,191

5,188

5,191

5,187

5,183

5,179

36,192

67,202

98,172

128,974

128,762

128,457

127,792

127,116

126,316

148,999

171,468

0

0

0

Proceeds from exercise of stock options

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

72,971

78,877

62,176

43,319

23,502

17,784

18,259

18,158

9,762

8,786

10,536

10,182

10,462

6,550

3,907

3,986

3,615

11,137

11,137

13,508

20,502

18,966

26,227

24,678

17,327

0

0

0

Share-based compensation, shares withheld for taxes

39,813

38,585

38,040

25,972

21,824

31,846

32,133

32,478

28,061

25,323

26,993

30,309

31,584

34,799

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Excess tax benefits from share-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

18,376

17,039

11,679

8,042

3,464

2,640

2,515

2,302

161

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-66

-

2

-7

-3

-5

-5

1

-1

0

-202

-334

-332

-1

170

302

307

1

-516

-1,650

-1,407

-1,032

-1,806

139

30

-379

0

0

0

Net cash used for financing activities

-435,067

-338,183

-434,592

-463,896

-273,634

-265,128

-223,478

-600,461

260,728

503,440

569,379

1,045,858

11,843

-304,585

-318,289

-254,082

-421,622

-67,009

-20,098

33,937

276,822

-551,803

-547,234

-643,351

-683,597

-142,049

-280,594

-178,986

-138,920

-129,235

-13,103

-123,438

-21,341

-41,266

-89,441

1,019

-85,099

-89,054

-145,311

-282,005

-299,959

-360,962

0

0

0

Net decrease in cash and cash equivalents and restricted cash

89,165

230,102

48,033

-34,593

-15,406

-102,242

-658,094

-1,068,684

-240,443

-121,373

564,648

1,036,747

93,921

-17,191

-32,166

18,316

-199,621

143,937

76,813

-152,948

123,884

-52,465

-153,945

140,705

80,692

-81,740

2,687

-71,322

-3,091

119,639

90,747

51,557

128,008

108,298

69,883

64,571

27,224

25,276

35,949

-1,538

-11,506

12,071

0

0

0