Vulcan Materials Company (Holding Company) (VMC) Financial Statements (2024 and earlier)
Company Profile
Business Address |
1200 URBAN CENTER DRIVE BIRMINGHAM, AL 35242 |
State of Incorp. | NJ |
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)
9/30/2023 MRQ | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | |||
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ASSETS | |||||||||
Current Assets | |||||||||
Cash, cash equivalents, and short-term investments | 161 | 235 | 1,197 | 272 | 40 | 142 | |||
Cash and cash equivalents | 161 | 235 | 1,197 | 272 | 40 | 142 | |||
Restricted cash and investments | 0 | 7 | 1 | 3 | 4 | 5 | |||
Receivables | 846 | 783 | 513 | 532 | 513 | 541 | |||
Inventory, net of allowances, customer advances and progress billings | 579 | 521 | 449 | 458 | 429 | 384 | |||
Inventory | 579 | 521 | 449 | 458 | 429 | 384 | |||
Prepaid expense | 61 | ||||||||
Disposal group, including discontinued operation | |||||||||
Other current assets | 116 | 95 | 74 | 76 | 65 | ||||
Other undisclosed current assets | 200 | 56 | 43 | 38 | 28 | 47 | |||
Total current assets: | 1,902 | 1,697 | 2,277 | 1,379 | 1,079 | 1,180 | |||
Noncurrent Assets | |||||||||
Operating lease, right-of-use asset | 573 | 691 | 423 | 408 | ✕ | ✕ | |||
Property, plant and equipment | 6,051 | 5,547 | 4,426 | 4,316 | 4,237 | 3,919 | |||
Long-term investments and receivables, including: | 32 | 34 | 34 | 61 | 45 | 35 | |||
Other undisclosed long-term investments and receivables | 32 | 34 | 34 | 61 | 45 | 35 | |||
Intangible assets, net (including goodwill) | 3,690 | 3,697 | 3,172 | 3,167 | 3,165 | 3,122 | |||
Goodwill | 3,690 | 3,697 | 3,172 | 3,167 | 3,165 | 3,122 | |||
Intangible assets, net (excluding goodwill) | |||||||||
Other noncurrent assets | 285 | 268 | 231 | 226 | 210 | 185 | |||
Other undisclosed noncurrent assets | 1,702 | 1,749 | 1,124 | 1,091 | 1,095 | 1,064 | |||
Total noncurrent assets: | 12,333 | 11,986 | 9,410 | 9,269 | 8,753 | 8,325 | |||
TOTAL ASSETS: | 14,235 | 13,683 | 11,687 | 10,649 | 9,832 | 9,505 | |||
LIABILITIES AND EQUITY | |||||||||
Liabilities | |||||||||
Current Liabilities | |||||||||
Accounts payable and accrued liabilities | 133 | 140 | 112 | 116 | 112 | 99 | |||
Interest and dividends payable | ✕ | ✕ | 20 | 20 | 19 | 20 | 12 | ||
Employee-related liabilities | ✕ | ✕ | 121 | 92 | 97 | 92 | 87 | ||
Accrued liabilities | 133 | ||||||||
Deferred revenue | 8 | ✕ | ✕ | ||||||
Debt | 123 | 41 | 517 | 30 | 133 | 41 | |||
Disposal group, including discontinued operation | |||||||||
Self insurance reserve | 51 | 51 | 21 | 20 | 18 | 20 | |||
Other liabilities | 269 | 259 | 148 | 154 | 141 | 105 | |||
Other undisclosed current liabilities | 381 | 279 | 250 | 208 | 198 | 177 | |||
Total current liabilities: | 957 | 769 | 1,048 | 536 | 603 | 443 | |||
Noncurrent Liabilities | |||||||||
Long-term debt and lease obligation | 3,875 | 4,517 | 3,172 | 3,172 | 2,779 | 2,813 | |||
Long-term debt, excluding current maturities | 3,875 | 3,875 | 2,772 | 2,784 | 2,779 | 2,813 | |||
Liabilities, other than long-term debt | 2,451 | 1,828 | 1,440 | 1,319 | 1,247 | 1,280 | |||
Deferred revenue and credits | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 191 | ||
Deferred revenue | 160 | 167 | 174 | 180 | ✕ | ✕ | |||
Contract with customer, liability | ✕ | ✕ | ✕ | ✕ | ✕ | 186 | ✕ | ||
Deferred compensation liability, classified | 27 | 23 | 17 | 20 | |||||
Asset retirement obligations | 311 | 315 | 283 | 210 | 226 | 218 | |||
Deferred tax liabilities, net | ✕ | ✕ | ✕ | ✕ | ✕ | 567 | 464 | ||
Deferred income tax liabilities | 1,073 | 1,006 | 706 | 633 | ✕ | ✕ | |||
Liability, pension and other postretirement and postemployment benefits | 82 | 106 | 137 | 178 | 155 | 283 | |||
Other liabilities | 276 | 234 | 113 | 95 | 96 | 103 | |||
Operating lease, liability | 548 | 643 | 400 | 388 | ✕ | ✕ | |||
Total noncurrent liabilities: | 6,326 | 6,346 | 4,612 | 4,491 | 4,027 | 4,093 | |||
Total liabilities: | 7,282 | 7,115 | 5,660 | 5,027 | 4,629 | 4,536 | |||
Equity | |||||||||
Equity, attributable to parent | 6,929 | 6,545 | 6,027 | 5,622 | 5,203 | 4,969 | |||
Common stock | 133 | 133 | 133 | 132 | 132 | 132 | |||
Additional paid in capital | 2,839 | 2,817 | 2,802 | 2,791 | 2,798 | 2,806 | |||
Accumulated other comprehensive loss | (155) | (153) | (181) | (198) | (172) | (149) | |||
Retained earnings | 4,111 | 3,749 | 3,274 | 2,896 | 2,445 | 2,180 | |||
Equity, attributable to noncontrolling interest | 24 | 23 | |||||||
Total equity: | 6,952 | 6,568 | 6,027 | 5,622 | 5,203 | 4,969 | |||
TOTAL LIABILITIES AND EQUITY: | 14,235 | 13,683 | 11,687 | 10,649 | 9,832 | 9,505 |
Income Statement (P&L) ($ in millions)
9/30/2023 TTM | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | ||
---|---|---|---|---|---|---|---|---|
Revenues | 7,315 | 5,552 | 4,857 | 4,929 | 4,383 | 3,890 | ||
Revenue, net | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 3,890 | |
Cost of revenue (Cost of Goods and Services Sold) | (5,758) | (4,179) | (3,575) | (3,673) | (3,282) | (2,890) | ||
Gross profit: | 1,558 | 1,373 | 1,281 | 1,256 | 1,101 | 1,001 | ||
Operating expenses | (606) | (363) | (386) | (378) | (353) | (353) | ||
Other operating expense, net (Other undisclosed Other operating expense, net) | ||||||||
Operating income: | 951 | 1,011 | 896 | 877 | 748 | 647 | ||
Nonoperating income (expense) | 6 | 12 | (16) | 10 | 14 | 10 | ||
Investment income, nonoperating | 1 | 2 | 2 | 1 | 1 | 4 | ||
Other nonoperating income (expense) | 5 | 11 | (18) | 9 | 13 | 5 | ||
Interest and debt expense | (169) | (149) | (136) | (130) | (138) | (296) | ||
Income from continuing operations before equity method investments, income taxes: | 788 | 874 | 744 | 758 | 623 | 361 | ||
Other undisclosed loss from continuing operations before income taxes | ||||||||
Income from continuing operations before income taxes: | 788 | 874 | 744 | 758 | 623 | 361 | ||
Income tax expense (benefit) | (193) | (200) | (156) | (135) | (105) | 232 | ||
Income from continuing operations: | 595 | 674 | 588 | 623 | 518 | 593 | ||
Income before gain (loss) on sale of properties: | ✕ | ✕ | 670 | 584 | 618 | 516 | 601 | |
Income (loss) from discontinued operations | (19) | (3) | (4) | (5) | (2) | 8 | ||
Net income: | 577 | 670 | 584 | 618 | 516 | 601 | ||
Net income (loss) attributable to noncontrolling interest | (1) | 0 | ||||||
Net income available to common stockholders, diluted: | 576 | 671 | 584 | 618 | 516 | 601 |
Comprehensive Income ($ in millions)
9/30/2023 TTM | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | ||
---|---|---|---|---|---|---|---|---|
Net income: | 577 | 670 | 584 | 618 | 516 | 601 | ||
Other undisclosed comprehensive income (loss) | (2) | 29 | ||||||
Comprehensive income: | 575 | 699 | 584 | 618 | 516 | 601 | ||
Comprehensive income (loss), net of tax, attributable to noncontrolling interest | (1) | 0 | ||||||
Other undisclosed comprehensive income (loss), net of tax, attributable to parent | 16 | (26) | 7 | (10) | ||||
Comprehensive income, net of tax, attributable to parent: | 574 | 699 | 601 | 592 | 523 | 591 |
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.