VULCAN MATERIALS COMPANY VMC Income Statement

Vulcan materials company (VMC)

Income statement / 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	Dec'09	Sep'09	Jun'09	Mar'09	Sep'08	Jun'08
Product sales
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	2,414	2,441	2,450	2,406	2,377	2,362	2,397	2,405	2,412	2,451	2,440	2,543	2,946	3,174	0	0	0
Freight and delivery revenues
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	158	163	162	157	158	156	155	152	149	146	143	146	166	182	0	0	0
Total revenues
4,981	4,929	4,830	4,652	4,524	4,382	4,272	4,126	3,957	3,890	3,785	3,699	3,625	3,592	3,576	3,607	3,545	3,422	3,319	3,155	3,051	2,994	2,919	2,859	2,806	2,770	2,698	2,614	2,569	2,567	2,573	2,605	2,613	2,564	2,536	2,518	2,552	2,558	2,562	2,597	2,583	2,690	3,113	3,357	0	0	0
Cost of goods sold
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	2,085	2,123	2,137	2,123	2,117	2,091	2,104	2,105	2,094	2,105	2,071	2,097	2,368	2,504	0	0	0
Delivery costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	158	163	162	157	158	156	155	152	149	146	143	146	166	182	0	0	0
Cost of revenues
3,715	3,673	3,592	3,471	3,391	3,281	3,205	3,099	2,962	2,896	2,806	2,718	2,642	2,603	2,561	2,605	2,601	2,564	2,546	2,464	2,419	2,406	2,384	2,374	2,363	2,343	2,310	2,257	2,239	2,233	2,244	2,287	2,300	2,280	2,275	2,247	2,260	2,258	2,244	2,252	2,214	2,244	2,534	2,687	0	0	0
Gross profit
1,265	1,255	1,238	1,180	1,133	1,100	1,067	1,027	994	993	979	980	982	988	1,015	1,002	944	857	773	691	631	587	535	485	443	426	388	356	329	334	329	318	312	283	260	271	292	300	318	345	369	445	578	669	0	0	0
Selling, administrative and general expenses
366	370	359	351	345	333	334	326	320	324	320	323	322	316	314	310	296	286	279	274	272	272	263	263	260	259	262	261	258	259	263	265	277	289	298	309	318	327	330	332	328	321	314	320	0	0	0
Gain on sale of property, plant & equipment and businesses
17	23	17	19	18	14	21	20	21	17	17	17	15	15	5	4	4	9	13	13	14	244	240	249	271	39	83	76	66	68	24	64	53	47	53	12	11	59	66	73	72	27	8	-79	0	0	0
Business interruption claims recovery
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	46	46	25	-14	-40	-40	-40	0	-	0	0	-	-	-
Impairment of long-lived assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	10	10	14	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Restructuring charges
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	0	0	1	2	5	9	9	9	8	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-
Exchange offer costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	43	45	44	12	2	0	0	0	-	-	-	-	-	-	-	-	-	-
Other operating expense, net
31	31	25	31	35	34	43	33	45	47	25	24	13	21	37	42	41	30	17	12	12	18	19	19	18	14	15	16	12	5	1	1	5	9	15	12	9	7	8	7	5	3	-1	-4	0	0	0
Operating earnings
885	877	870	816	770	747	709	688	649	639	649	649	671	665	678	663	603	549	476	404	354	538	492	451	435	190	192	148	81	84	23	74	78	63	39	-16	-38	-14	16	48	113	148	275	431	0	0	0
Other nonoperating income (expense), net
-3	9	5	10	11	13	14	13	14	13	26	23	19	14	0	-2	-3	-1	-3	-0	1	3	6	9	7	7	7	6	6	6	6	1	1	0	-1	4	3	3	2	3	7	5	0	1	0	0	0
Interest income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3	0	0	0
Interest expense, net
132	130	144	143	142	137	345	297	291	295	79	128	133	134	304	299	249	220	260	257	300	243	153	145	135	202	219	215	212	213	-102	1	126	220	210	207	180	181	178	174	174	175	176	170	0	0	0
Earnings from continuing operations before income taxes
755	757	745	694	649	623	483	412	369	361	488	534	557	547	543	519	409	327	248	175	170	298	248	202	174	-3	-6	-54	-125	-120	-182	-134	-147	-153	-171	-219	-215	-192	-158	-121	-52	-19	102	265	0	0	0
Income tax expense (benefit)
Income tax expense
136	135	141	128	121	105	-237	-239	-233	-232	114	125	133	124	135	130	97	94	70	56	54	91	69	49	37	-24	-21	-43	-66	-66	-97	-56	-79	-78	-76	-111	-92	-89	-89	-89	-58	-37	11	80	0	0	0
Earnings from continuing operations
618	622	604	565	528	517	721	651	603	593	373	408	423	422	407	388	311	232	177	119	115	207	178	153	136	20	15	-11	-58	-53	-84	-77	-67	-75	-95	-107	-122	-102	-68	-31	6	18	91	184	0	0	0
Earnings (loss) on discontinued operations, net of tax
-3	-4	-3	-1	-2	-2	-2	-3	5	7	12	11	0	-2	-12	-11	-10	-11	-7	-5	-4	-2	-2	-2	-3	3	3	3	3	1	0	-0	-0	4	5	10	10	6	6	9	17	11	11	4	0	0	0
Net earnings
614	617	600	564	526	515	719	648	609	601	386	419	424	419	395	377	301	221	170	113	111	204	175	150	133	24	18	-8	-55	-52	-83	-78	-68	-70	-89	-96	-112	-96	-62	-21	24	30	102	189	0	0	0
Other comprehensive income, net of tax
Deferred loss on interest rate derivative
-14	0	0	0	0	2	2	2	2	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of prior interest rate derivative loss
-0	-0	-0	-0	-0	-0	-0	-1	-1	-1	-2	-1	-1	-1	-1	-1	-3	-5	-6	-6	-4	-4	-4	-4	-5	-2	-3	-3	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Adjustment for funded status of benefit plans
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	69	-54	-54	-114	-111	-60	-60	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of actuarial loss and prior service cost for benefit plans
2	1	1	2	3	4	4	3	2	2	1	0	0	0	13	17	14	11	1	-3	-1	2	-3	-4	-6	-11	-17	-18	-18	-11	-12	-7	-6	-7	3	2	4	3	0	0	0	-	-	-	-	-	-
Other comprehensive income (loss)
-38	-25	1	2	3	6	-7	-6	-7	-10	-17	-18	-18	-19	27	31	37	41	-55	-57	-61	-62	62	63	126	125	50	52	-8	-8	-39	-41	-39	-39	18	19	17	17	0	0	0	-	-	-	-	-	-
Fair value adjustments to cash flow hedges
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0	0	0	0	-	-	-	-	-	-
Reclassification adjustment for cash flow hedges
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	22	18	12	10	0	0	0	-	-	-	-	-	-
Comprehensive income
576	592	602	566	529	522	712	641	602	591	369	401	405	400	423	409	338	262	114	55	49	142	238	213	259	150	69	43	-63	-61	-123	-119	-107	-110	-71	-76	-95	-79	0	0	0	-	-	-	-	-	-
Basic earnings (loss) per share
Continuing operations
0.45	1.08	1.65	1.50	0.48	0.94	1.36	1.21	0.40	2.48	0.83	0.84	0.33	0.82	1.09	0.95	0.31	0.71	0.95	0.37	-0.28	0.30	0.51	0.35	0.42	0.08	0.32	0.23	-0.47	0.03	0.12	-0.13	-0.44	-0.20	0.17	-0.05	-0.50	-0.35	0.08	-0.18	-0.35	-0.07	0.38	0.14	-0.29	0.54	1.28
Discontinued operations
0.00	-0.01	-0.02	-0.01	0.00	0.00	-0.01	0.00	0.00	-0.01	-0.01	0.07	0.01	0.03	-0.02	-0.02	-0.01	-0.04	-0.02	-0.01	-0.02	-0.01	0.00	0.00	-0.01	-0.01	0.00	-0.01	0.05	-0.01	-0.01	-0.01	0.04	-0.02	-0.02	-0.01	0.08	0.00	0.02	-0.01	0.04	-0.01	0.05	0.06	-0.01	0.00	0.00
Net earnings
0.45	1.07	1.63	1.49	0.48	0.94	1.35	1.21	0.40	2.47	0.82	0.91	0.34	0.85	1.07	0.93	0.30	0.67	0.93	0.36	-0.30	0.29	0.51	0.35	0.41	0.07	0.32	0.22	-0.42	0.02	0.11	-0.14	-0.40	-0.22	0.15	-0.06	-0.42	-0.35	0.10	-0.19	-0.31	-0.08	0.43	0.20	-0.30	0.54	1.28
Diluted earnings (loss) per share
Continuing operations
0.45	1.08	1.63	1.48	0.48	0.93	1.34	1.20	0.40	2.43	0.82	0.83	0.32	0.80	1.07	0.93	0.31	0.70	0.93	0.37	-0.28	0.29	0.51	0.35	0.41	0.08	0.32	0.23	-0.47	0.03	0.12	-0.13	-0.44	-0.20	0.17	-0.05	-0.50	-0.35	0.08	-0.18	-0.35	-0.07	0.38	0.14	-0.29	0.54	1.27
Discontinued operations
0.00	-0.03	-0.01	0.00	0.00	0.00	0.00	-0.01	-0.01	0.00	-0.01	0.06	0.01	0.02	-0.02	-0.01	-0.01	-0.03	-0.02	-0.01	-0.02	-0.01	-0.01	0.00	0.00	0.00	-0.01	-0.01	0.05	-0.01	-0.01	-0.01	0.04	-0.02	-0.02	-0.01	0.08	0.00	0.02	-0.01	0.04	-0.01	0.05	0.06	-0.01	-0.01	0.00
Net earnings
0.45	1.05	1.62	1.48	0.48	0.93	1.34	1.19	0.39	2.43	0.81	0.89	0.33	0.82	1.05	0.92	0.30	0.67	0.91	0.36	-0.30	0.28	0.50	0.35	0.41	0.08	0.31	0.22	-0.42	0.02	0.11	-0.14	-0.40	-0.22	0.15	-0.06	-0.42	-0.35	0.10	-0.19	-0.31	-0.08	0.43	0.20	-0.30	0.53	1.27
Weighted-average common shares outstanding
Basic
132	132	132	132	132	132	132	132	132	132	132	132	132	132	133	133	133	133	133	133	132	132	131	131	130	130	130	130	130	129	129	129	129	129	129	129	129	128	128	128	126	126	125	113	110	110	109
Assuming dilution
133	133	133	133	133	133	133	134	134	135	134	134	134	135	135	136	136	136	135	135	132	133	133	132	132	133	131	131	130	129	130	129	129	129	129	129	129	128	128	128	126	127	125	113	110	111	111
Cash dividends per share of common stock
-	-	-	-	-	-	-	-	-	-	-	0.25	0.25	-	0.20	0.20	0.20	-	0.10	0.10	0.10	-	0.06	0.05	0.05	-	0.01	0.01	0.01	-	0.01	0.01	0.01	-	0.25	0.25	0.25	-	0.25	0.25	0.25	0.25	0.25	0.49	0.49	0.49	0.49
Depreciation, depletion, accretion and amortization
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	0	0
Effective tax rate from continuing operations
16.90%	-	19.70%	19.40%	14.30%	-	18.40%	20.00%	-10.10%	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-