Martin Marietta Materials Inc. (MLM) Financial Statements (2024 and earlier)

Company Profile

Business Address 4123 PARKLAKE AVE
RALEIGH, NC 27612
State of Incorp. NC
Fiscal Year End December 31
Industry (SIC) 14 - Mining And Quarrying Of Nonmetallic Minerals, Except Fuels (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)

3/31/2024
MRQ
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,2723582582072145
Cash and cash equivalents1,2723582582072145
Receivables753805774587574523
Inventory, net of allowances, customer advances and progress billings989874753709691663
Inventory989874753709691663
Disposal group, including discontinued operation80773    
Asset, held-for-sale, not part of disposal group   102   
Other current assets888113880141135
Other undisclosed current assets11687185  
Total current assets:3,9192,8772,0261,6681,4271,366
Noncurrent Assets
Operating lease, right-of-use asset372384427453482
Property, plant and equipment6,1866,3176,3385,2425,2065,157
Intangible assets, net (including goodwill)4,0874,4974,5592,9222,8842,900
Goodwill3,3903,6503,4942,4142,3972,399
Intangible assets, net (excluding goodwill)6988481,065508487501
Disposal group, including discontinued operation, noncurrent assets  373617   
Other noncurrent assets561547426295133128
Total noncurrent assets:11,20612,11712,3678,9138,7058,186
TOTAL ASSETS:15,12514,99414,39310,58110,1329,551
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities486499419215236326
Interest and dividends payable48   
Taxes payable   64
Employee-related liabilities157651
Accounts payable343385356208230211
Accrued liabilities143114    
Debt420717133396393
Disposal group, including discontinued operation 1858   
Other liabilities1601351421179661
Other undisclosed current liabilities87901711641117
Total current liabilities:1,1701,446753499839787
Noncurrent Liabilities
Long-term debt and lease obligation3,9464,3415,4803,0362,8732,730
Long-term debt, excluding current maturities3,9464,3415,1012,6262,4342,730
Finance lease, liability     6
Liabilities, other than long-term debt1,9742,0341,6231,1524941,085
Accounts payable and accrued liabilities     40 
Asset retirement obligations383     
Deferred tax liabilities, net706
Deferred income tax liabilities875914895782 
Liability, pension and other postretirement and postemployment benefits     114134
Disposal group, including discontinued operation, liabilities  2254   
Other liabilities389762674371339245
Operating lease, liability327336379410434
Other undisclosed noncurrent liabilities     573 
Total noncurrent liabilities:5,9196,3757,1034,1883,9403,815
Total liabilities:7,0897,8217,8554,6884,7784,602
Equity
Equity, attributable to parent8,0337,1716,5355,8915,3514,946
Common stock111111
Additional paid in capital3,5193,4893,4703,4413,4193,396
Accumulated other comprehensive loss(49)(39)(98)(158)(146)(144)
Retained earnings4,5633,7193,1622,6082,0771,693
Equity, attributable to noncontrolling interest222333
Total equity:8,0367,1736,5385,8935,3534,949
TOTAL LIABILITIES AND EQUITY:15,12514,99414,39310,58110,1329,551

Income Statement (P&L) ($ in millions)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues6,7776,1615,4144,7304,7394,244
Cost of revenue
(Cost of Goods and Services Sold)
(4,755)(4,737)(4,066)(3,477)(3,560)(3,278)
Gross profit:2,0231,4231,3481,2531,179967
Operating expenses(443)(397)(409)(307)(303)(294)
Other operating income, net281893460918
Other undisclosed operating loss(12)(9)    
Operating income:1,5961,2079741,005885691
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
6253242(7)22
Interest and debt expense(165)(169)(143)(118)(129)(137)
Income from continuing operations before income taxes:1,4931,091856889748576
Income tax expense(293)(235)(153)(168)(136)(106)
Income from continuing operations:1,200856702721612470
Income before gain (loss) on sale of properties:703721612470
Income (loss) from discontinued operations(31)111   
Net income:1,169867703721612470
Net loss attributable to noncontrolling interest(1) (0)(0)(0)(0)
Net income available to common stockholders, diluted:1,169867703721612470

Comprehensive Income ($ in millions)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income:1,169867703721612470
Other comprehensive income (loss)(11)5961(13)(2)(14)
Other undisclosed comprehensive loss      
Comprehensive income:1,159926764709610456
Comprehensive loss, net of tax, attributable to noncontrolling interest(1) (0)(0)(0)(0)
Other undisclosed comprehensive income, net of tax, attributable to parent1     
Comprehensive income, net of tax, attributable to parent:1,159926763708610456

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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