Balance Sheet Vulcan Materials Company

Equities

VMC

US9291601097

Construction Materials

Real-time Estimate Cboe BZX Other stock markets 08:30:11 08/10/2024 pm IST			5-day change	1st Jan Change
237.44 ^USD	-0.25%		-4.21%	+4.43%

03/10	Thompson Research Adjusts Vulcan Materials Price Target to $295 From $302	MT
26/09	Vulcan Materials to Buy Wake Stone	MT

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Published financial data: VULCAN MATERIALS COMPANY

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	492.91Cr	485.68Cr	555.22Cr	731.52Cr	778.19Cr
Total Revenues	492.91Cr	485.68Cr	555.22Cr	731.52Cr	778.19Cr
Cost of Goods Sold, Total	367.32Cr	357.53Cr	417.88Cr	575.75Cr	583.34Cr
Gross Profit	125.59Cr	128.15Cr	137.34Cr	155.77Cr	194.85Cr
Selling General & Admin Expenses, Total	37Cr	37Cr	42Cr	52Cr	55Cr
Other Operating Expenses	1.13Cr	1.16Cr	69L	1.31Cr	1.69Cr
Other Operating Expenses, Total	38Cr	38Cr	43Cr	53Cr	57Cr
Operating Income	87Cr	90Cr	94Cr	102.55Cr	138.19Cr
Interest Expense, Total	-13Cr	-14Cr	-15Cr	-17Cr	-20Cr
Interest And Investment Income	11.55L	15.67L	16L	8L	1.65Cr
Net Interest Expenses	-13Cr	-13Cr	-15Cr	-17Cr	-18Cr
Other Non Operating Income (Expenses)	1.08Cr	1.37Cr	2.92Cr	91L	42L
EBT, Excl. Unusual Items	75Cr	78Cr	82Cr	87Cr	120.65Cr
Restructuring Charges	-	-	-	-	-
Merger & Related Restructuring Charges	-	-	-2.83Cr	-1.78Cr	-16L
Impairment of Goodwill	-	-	-	-5.09Cr	-
Gain (Loss) On Sale Of Assets	99.52L	-29.03L	12Cr	76L	6.85Cr
Asset Writedown	-	-	-	-1.7Cr	-2.83Cr
Insurance Settlements	-	-	-	-	-
Legal Settlements	-	-	-	-	-
Other Unusual Items	-65L	-3.42Cr	-4.05Cr	-	-
EBT, Incl. Unusual Items	76Cr	74Cr	87Cr	79Cr	124.51Cr
Income Tax Expense	14Cr	16Cr	20Cr	19Cr	30Cr
Earnings From Continuing Operations	62Cr	59Cr	67Cr	60Cr	95Cr
Earnings Of Discontinued Operations	-48.41L	-35.15L	-33L	-1.86Cr	-1.08Cr
Net Income to Company	62Cr	58Cr	67Cr	58Cr	93Cr
Minority Interest	-	-	4L	-9L	-17L
Net Income - (IS)	62Cr	58Cr	67Cr	58Cr	93Cr
Net Income to Common Incl Extra Items	62Cr	58Cr	67Cr	58Cr	93Cr
Net Income to Common Excl. Extra Items	62Cr	59Cr	67Cr	59Cr	94Cr
Per Share Items
Net EPS - Basic	4.67	4.41	5.05	4.33	7.02
Basic EPS - Continuing Operations	4.71	4.44	5.08	4.47	7.1
Basic Weighted Average Shares Outstanding	13Cr	13Cr	13Cr	13Cr	13Cr
Net EPS - Diluted	4.63	4.38	5.03	4.31	6.98
Diluted EPS - Continuing Operations	4.67	4.41	5.05	4.45	7.06
Diluted Weighted Average Shares Outstanding	13Cr	13Cr	13Cr	13Cr	13Cr
Normalized Basic EPS	3.56	3.68	3.88	4.06	5.66
Normalized Diluted EPS	3.53	3.66	3.86	4.05	5.63
Dividend Per Share	1.24	1.36	1.48	1.6	1.72
Payout Ratio	26.55	30.83	29.28	36.94	24.47
American Depositary Receipts Ratio (ADR)	0.25	0.25	0.25	0.25	0.25
Supplemental Items
EBITDA	121.36Cr	129.85Cr	140.55Cr	161.3Cr	199.89Cr
EBITA	92Cr	96Cr	102.38Cr	113.72Cr	148.39Cr
EBIT	87Cr	90Cr	94Cr	102.55Cr	138.19Cr
EBITDAR	131.63Cr	139.77Cr	151.13Cr	175.65Cr	214.69Cr
Effective Tax Rate - (Ratio)	17.84	20.95	22.9	24.49	24.05
Current Domestic Taxes	5.56Cr	9.3Cr	14Cr	13Cr	34Cr
Current Foreign Taxes	33.04L	9L	-50L	46L	48L
Total Current Taxes	5.89Cr	9.39Cr	13Cr	13Cr	34Cr
Deferred Domestic Taxes	7.65Cr	6.17Cr	6.57Cr	4.67Cr	-4.83Cr
Deferred Foreign Taxes	-2L	2L	9L	1.29Cr	41L
Total Deferred Taxes	7.63Cr	6.19Cr	6.66Cr	5.96Cr	-4.42Cr
Normalized Net Income	47Cr	49Cr	52Cr	54Cr	75Cr
Interest Capitalized	38.96L	34.87L	42L	36L	37L
Interest on Long-Term Debt	-	1L	6L	12L	9L
Non-Cash Pension Expense	-33.38L	1.67Cr	-17L	-34L	1.34Cr
Supplemental Operating Expense Items
Marketing Expenses	-	-	-	-	-
Net Rental Expense, Total	10Cr	9.92Cr	11Cr	14Cr	15Cr
Imputed Operating Lease Interest Expense	3.6Cr	3.19Cr	3.09Cr	4.27Cr	5.2Cr
Imputed Operating Lease Depreciation	6.67Cr	6.73Cr	7.49Cr	10Cr	9.6Cr
Stock-Based Comp., Other (Total)	3.18Cr	3.3Cr	3.47Cr	4.11Cr	6.32Cr
Total Stock-Based Compensation	3.18Cr	3.3Cr	3.47Cr	4.11Cr	6.32Cr

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	27Cr	119.71Cr	24Cr	16Cr	93Cr
Total Cash And Short Term Investments	27Cr	119.71Cr	24Cr	16Cr	93Cr
Accounts Receivable, Total	53Cr	51Cr	78Cr	85Cr	89Cr
Other Receivables	3L	62.52L	56L	17L	2L
Notes Receivable	3.81Cr	3.8Cr	5.05Cr	20Cr	-
Total Receivables	57Cr	56Cr	84Cr	104.57Cr	89Cr
Inventory	46Cr	45Cr	52Cr	58Cr	62Cr
Prepaid Expenses	-	-	-	-	-
Deferred Tax Assets Current	-	-	-	-	-
Restricted Cash	29.17L	9L	65L	1L	1.81Cr
Other Current Assets, Total	7.61Cr	7.33Cr	9.45Cr	12Cr	7.02Cr
Total Current Assets	137.93Cr	227.72Cr	169.66Cr	190.2Cr	252.49Cr
Gross Property Plant And Equipment	902.34Cr	934.39Cr	1.1TCr	1.18TCr	1.23TCr
Accumulated Depreciation	-446.66Cr	-473.55Cr	-497.73Cr	-534.79Cr	-574.22Cr
Net Property Plant And Equipment	455.67Cr	460.84Cr	605.57Cr	645.8Cr	655.81Cr
Long-term Investments	6.07Cr	3.43Cr	3.41Cr	3.18Cr	3.52Cr
Goodwill	316.71Cr	317.21Cr	369.67Cr	368.96Cr	353.17Cr
Other Intangibles, Total	109.15Cr	112.35Cr	174.9Cr	170.21Cr	146.07Cr
Deferred Charges Long-Term	9.28Cr	9.29Cr	9.56Cr	10Cr	9.84Cr
Other Long-Term Assets, Total	30Cr	38Cr	35Cr	35Cr	34Cr
Total Assets	1.06TCr	1.17TCr	1.37TCr	1.42TCr	1.45TCr
Liabilities
Accounts Payable, Total	27Cr	27Cr	37Cr	45Cr	39Cr
Accrued Expenses, Total	14Cr	14Cr	16Cr	15Cr	18Cr
Short-term Borrowings	-	-	-	10Cr	42L
Current Portion of Long-Term Debt	25T	52Cr	52L	5L	5L
Current Portion of Leases	3Cr	3.9Cr	8.46Cr	7.04Cr	5.98Cr
Unearned Revenue Current, Total	75L	75L	75L	75L	75L
Other Current Liabilities	8.87Cr	7.77Cr	15Cr	17Cr	15Cr
Total Current Liabilities	54Cr	104.79Cr	77Cr	96Cr	80Cr
Long-Term Debt	278.43Cr	277.22Cr	387.48Cr	387.52Cr	387.73Cr
Long-Term Leases	39Cr	40Cr	70Cr	58Cr	52Cr
Unearned Revenue Non Current	18Cr	17Cr	17Cr	16Cr	15Cr
Pension & Other Post Retirement Benefits	18Cr	14Cr	11Cr	8.22Cr	8.36Cr
Deferred Tax Liability Non Current	63Cr	71Cr	100.59Cr	107.28Cr	102.89Cr
Other Non Current Liabilities	33Cr	42Cr	49Cr	55Cr	58Cr
Total Liabilities	502.69Cr	565.96Cr	711.49Cr	728.24Cr	703.78Cr
Common Stock, Total	13Cr	13Cr	13Cr	13Cr	13Cr
Additional Paid In Capital	279.14Cr	280.2Cr	281.65Cr	283.9Cr	288.01Cr
Retained Earnings	289.59Cr	327.41Cr	374.85Cr	411.14Cr	461.5Cr
Comprehensive Income and Other	-20Cr	-18Cr	-15Cr	-15Cr	-14Cr
Total Common Equity	562.19Cr	602.73Cr	654.5Cr	692.86Cr	748.34Cr
Minority Interest	-	-	2.27Cr	2.36Cr	2.45Cr
Total Equity	562.19Cr	602.73Cr	656.77Cr	695.22Cr	750.79Cr
Total Liabilities And Equity	1.06TCr	1.17TCr	1.37TCr	1.42TCr	1.45TCr
Supplemental Items
ECS Total Shares Outstanding on Filing Date	13Cr	13Cr	13Cr	13Cr	13Cr
ECS Total Common Shares Outstanding	13Cr	13Cr	13Cr	13Cr	13Cr
Book Value / Share	42.47	45.48	49.32	52.13	56.65
Tangible Book Value	136.33Cr	173.17Cr	109.93Cr	153.69Cr	249.1Cr
Tangible Book Value Per Share	10.3	13.07	8.28	11.56	18.86
Total Debt	320.24Cr	373.04Cr	466.76Cr	462.93Cr	446.58Cr
Net Debt	293.08Cr	253.33Cr	443.26Cr	446.79Cr	353.47Cr
Debt Equivalent of Unfunded Proj. Benefit Obligation	14Cr	12Cr	5.49Cr	5.33Cr	4.54Cr
Debt Equivalent Oper. Leases	82Cr	79Cr	85Cr	114.8Cr	118.4Cr
Minority Interest, Total (Incl. Fin. Div)	-	-	2.27Cr	2.36Cr	2.45Cr
Equity Method Investments, Total	5.06Cr	2.65Cr	2.65Cr	2.65Cr	2.66Cr
Account Code - Inventory Valuation	4	4	4	4	4
LIFO Reserve, Total	-18Cr	-19Cr	-20Cr	-26Cr	-30Cr
Inventories - Raw Materials, Total	3.13Cr	3.38Cr	5.99Cr	6.34Cr	5.12Cr
Inventories - Work In Process, Total	56.04L	45.55L	42L	60L	65L
Inventories - Finished Goods, Total	39Cr	38Cr	42Cr	44Cr	49Cr
Inventories - Others	2.97Cr	3.19Cr	3.92Cr	7.06Cr	6.35Cr
Land - (BS)	292.1Cr	171.21Cr	223.84Cr	244.56Cr	268.44Cr
Buildings, Total	14Cr	15Cr	18Cr	22Cr	20Cr
Machinery, Total	536.23Cr	551.79Cr	610.92Cr	645.42Cr	678.55Cr
Full Time Employees	9.17T	8.85T	11.91T	11.97T	10.96T
Accumulated Allowance for Doubtful Accounts (Supple)	31.25L	25.51L	1.03Cr	1.09Cr	1.36Cr

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	62Cr	58Cr	67Cr	58Cr	93Cr
Depreciation & Amortization - CF	32Cr	34Cr	38Cr	48Cr	52Cr
Amortization of Goodwill and Intangible Assets - (CF)	5.15Cr	5.9Cr	8.13Cr	11Cr	10Cr
Depreciation & Amortization, Total	37Cr	40Cr	46Cr	59Cr	62Cr
Amortization of Deferred Charges, Total - (CF)	-	-	-	-	-
(Gain) Loss From Sale Of Asset	-2.38Cr	-39.97L	-12Cr	-1.07Cr	-7.64Cr
Asset Writedown & Restructuring Costs	-	-	-	6.79Cr	2.83Cr
Stock-Based Compensation (CF)	3.18Cr	3.3Cr	3.47Cr	4.11Cr	6.32Cr
Tax Benefit from Stock Options	-	-	-	-	-
Other Operating Activities, Total	13Cr	9.98Cr	14Cr	14Cr	1.88Cr
Change In Accounts Receivable	-2.97Cr	1.34Cr	-4.2Cr	-5.33Cr	2.82Cr
Change In Inventories	-2.83Cr	98.01L	83L	-4.95Cr	-5.46Cr
Change In Accounts Payable	2.18Cr	-69.42L	-2.33Cr	-1.74Cr	-2.51Cr
Change in Other Net Operating Assets	-11Cr	-5.6Cr	-12Cr	-13Cr	42L
Cash from Operations	98Cr	107.04Cr	101.19Cr	114.82Cr	153.68Cr
Capital Expenditure	-38Cr	-36Cr	-45Cr	-61Cr	-87Cr
Sale of Property, Plant, and Equipment	2.27Cr	1.15Cr	22Cr	3.87Cr	9.46Cr
Cash Acquisitions	-4.42Cr	-4.32Cr	-163.94Cr	-53Cr	9L
Divestitures	17.44L	10L	-	5Cr	61Cr
Other Investing Activities, Total	-1.2Cr	1.15Cr	1L	1L	-
Cash from Investing	-42Cr	-38Cr	-187.41Cr	-105.3Cr	-16Cr
Short Term Debt Issued, Total	37Cr	-	-	136.1Cr	17Cr
Long-Term Debt Issued, Total	-	75Cr	160Cr	55Cr	55Cr
Total Debt Issued	37Cr	75Cr	160Cr	191.1Cr	72Cr
Short Term Debt Repaid, Total	-50Cr	-	-	-126.1Cr	-27Cr
Long-Term Debt Repaid, Total	-23T	-25Cr	-146.52Cr	-59Cr	-58Cr
Total Debt Repaid	-50Cr	-25Cr	-146.52Cr	-185.25Cr	-85Cr
Issuance of Common Stock	-	-	-	-	-
Repurchase of Common Stock	-4.12Cr	-4.83Cr	-1.91Cr	-1.85Cr	-22Cr
Common Dividends Paid	-16Cr	-18Cr	-20Cr	-21Cr	-23Cr
Common & Preferred Stock Dividends Paid	-16Cr	-18Cr	-20Cr	-21Cr	-23Cr
Other Financing Activities, Total	-	-3.68Cr	-1.36Cr	-26L	-40L
Cash from Financing	-34Cr	23Cr	-9.43Cr	-18Cr	-59Cr
Net Change in Cash	23Cr	92Cr	-96Cr	-8Cr	79Cr
Supplemental Items
Cash Interest Paid	13Cr	13Cr	14Cr	16Cr	18Cr
Cash Income Tax Paid (Refund)	5.68Cr	9.59Cr	13Cr	14Cr	29Cr
Levered Free Cash Flow	45Cr	56Cr	36Cr	38Cr	64Cr
Unlevered Free Cash Flow	54Cr	65Cr	45Cr	48Cr	77Cr
Change In Net Working Capital	3.26Cr	-1.59Cr	18Cr	17Cr	-9.42Cr
Net Debt Issued / Repaid	-13Cr	50Cr	13Cr	5.85Cr	-13Cr

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	5.32	5.05	4.64	4.59	6
Return on Total Capital	6.44	6.07	5.61	5.62	7.33
Return On Equity %	11.5	10.1	10.7	8.8	13.08
Return on Common Equity	11.5	10.1	10.72	8.82	13.1
Margin Analysis
Gross Profit Margin %	25.48	26.39	24.74	21.29	25.04
SG&A Margin	7.55	7.58	7.64	7.1	7.06
EBITDA Margin %	24.62	26.74	25.31	22.05	25.69
EBITA Margin %	18.75	19.78	18.44	15.55	19.07
EBIT Margin %	17.7	18.56	16.98	14.02	17.76
Income From Continuing Operations Margin %	12.63	12.11	12.13	8.14	12.15
Net Income Margin %	12.53	12.03	12.08	7.87	11.99
Net Avail. For Common Margin %	12.63	12.11	12.14	8.12	12.13
Normalized Net Income Margin	9.56	10.05	9.28	7.39	9.67
Levered Free Cash Flow Margin	9.2	11.57	6.46	5.17	8.26
Unlevered Free Cash Flow Margin	10.85	13.32	8.14	6.62	9.84
Asset Turnover
Asset Turnover	0.48	0.43	0.44	0.52	0.54
Fixed Assets Turnover	1.14	1.06	1.04	1.17	1.2
Receivables Turnover (Average Receivables)	9.44	9.3	8.57	8.98	8.04
Inventory Turnover (Average Inventory)	8.28	7.88	8.62	10.46	9.76
Short Term Liquidity
Current Ratio	2.58	2.17	2.21	1.99	3.17
Quick Ratio	1.5	1.64	1.33	1.05	2.28
Operating Cash Flow to Current Liabilities	1.84	1.02	1.32	1.2	1.93
Days Sales Outstanding (Average Receivables)	38.66	39.37	42.6	40.64	45.38
Days Outstanding Inventory (Average Inventory)	44.1	46.42	42.36	34.89	37.38
Average Days Payable Outstanding	23.74	27.62	27.41	25.73	26.27
Cash Conversion Cycle (Average Days)	59.02	58.17	57.55	49.79	56.49
Long Term Solvency
Total Debt/Equity	56.96	61.89	71.07	66.59	59.48
Total Debt / Total Capital	36.29	38.23	41.54	39.97	37.3