Cash flow Vulcan Materials Company

Equities

VMC

US9291601097

Construction Materials

Real-time Estimate Cboe BZX Other stock markets 09:16:54 08/10/2024 pm IST			5-day change	1st Jan Change
238.62 ^USD	+0.25%		-3.64%	+5.05%

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

726.4uzv6yrniKAtZxaZ1Er9vFa0TzWYry3tC66ayGd11rA.komJnXmq8cgUKHStrSKqjmTZGlzRnErdZun85QNGsfS4tKusSMrAw2YBXw

Published financial data: VULCAN MATERIALS COMPANY

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	4.93B	4.86B	5.55B	7.32B	7.78B
Total Revenues	4.93B	4.86B	5.55B	7.32B	7.78B
Cost of Goods Sold, Total	3.67B	3.58B	4.18B	5.76B	5.83B
Gross Profit	1.26B	1.28B	1.37B	1.56B	1.95B
Selling General & Admin Expenses, Total	372M	368M	424M	519M	550M
Other Operating Expenses	11.35M	11.58M	6.9M	13.1M	16.9M
Other Operating Expenses, Total	383M	380M	431M	532M	567M
Operating Income	872M	902M	942M	1.03B	1.38B
Interest Expense, Total	-130M	-136M	-149M	-169M	-196M
Interest And Investment Income	1.16M	1.57M	1.6M	800K	16.5M
Net Interest Expenses	-129M	-134M	-148M	-168M	-180M
Other Non Operating Income (Expenses)	10.79M	13.66M	29.2M	9.1M	4.2M
EBT, Excl. Unusual Items	754M	781M	824M	866M	1.21B
Restructuring Charges	-	-	-	-	-
Merger & Related Restructuring Charges	-	-	-28.3M	-17.8M	-1.6M
Impairment of Goodwill	-	-	-	-50.9M	-
Gain (Loss) On Sale Of Assets	9.95M	-2.9M	119M	7.6M	68.5M
Asset Writedown	-	-	-	-17M	-28.3M
Insurance Settlements	-	-	-	-	-
Legal Settlements	-	-	-	-	-
Other Unusual Items	-6.5M	-34.24M	-40.5M	-	-
EBT, Incl. Unusual Items	758M	744M	874M	788M	1.25B
Income Tax Expense	135M	156M	200M	193M	299M
Earnings From Continuing Operations	623M	588M	674M	595M	946M
Earnings Of Discontinued Operations	-4.84M	-3.52M	-3.3M	-18.6M	-10.8M
Net Income to Company	618M	584M	670M	576M	935M
Minority Interest	-	-	400K	-900K	-1.7M
Net Income - (IS)	618M	584M	671M	576M	933M
Net Income to Common Incl Extra Items	618M	584M	671M	576M	933M
Net Income to Common Excl. Extra Items	623M	588M	674M	594M	944M
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	132M	133M	133M	133M	133M
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	133M	133M	134M	134M	134M
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	1.21B	1.3B	1.41B	1.61B	2B
EBITA	924M	961M	1.02B	1.14B	1.48B
EBIT	872M	902M	942M	1.03B	1.38B
EBITDAR	1.32B	1.4B	1.51B	1.76B	2.15B
Effective Tax Rate - (Ratio)	17.84	20.95	22.9	24.49	24.05
Current Domestic Taxes	55.64M	93.01M	138M	129M	339M
Current Foreign Taxes	3.3M	942K	-5M	4.6M	4.8M
Total Current Taxes	58.94M	93.95M	134M	133M	344M
Deferred Domestic Taxes	76.47M	61.69M	65.7M	46.7M	-48.3M
Deferred Foreign Taxes	-213K	167K	900K	12.9M	4.1M
Total Deferred Taxes	76.26M	61.86M	66.6M	59.6M	-44.2M
Normalized Net Income	471M	488M	515M	540M	752M
Interest Capitalized	3.9M	3.49M	4.2M	3.6M	3.7M
Interest on Long-Term Debt	-	102K	600K	1.2M	900K
Non-Cash Pension Expense	-3.34M	16.66M	-1.7M	-3.4M	13.4M
Supplemental Operating Expense Items
Marketing Expenses	-	-	-	-	-
Net Rental Expense, Total	103M	99.2M	106M	144M	148M
Imputed Operating Lease Interest Expense	36.01M	31.92M	30.9M	42.67M	52.02M
Imputed Operating Lease Depreciation	66.65M	67.28M	74.9M	101M	95.98M
Stock-Based Comp., Other (Total)	31.84M	32.99M	34.7M	41.1M	63.2M
Total Stock-Based Compensation	31.84M	32.99M	34.7M	41.1M	63.2M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	272M	1.2B	235M	161M	931M
Total Cash And Short Term Investments	272M	1.2B	235M	161M	931M
Accounts Receivable, Total	532M	513M	783M	846M	890M
Other Receivables	299K	6.25M	5.6M	1.7M	200K
Notes Receivable	38.1M	38.04M	50.5M	198M	-
Total Receivables	570M	557M	839M	1.05B	890M
Inventory	458M	449M	521M	579M	616M
Prepaid Expenses	-	-	-	-	-
Deferred Tax Assets Current	-	-	-	-	-
Restricted Cash	2.92M	945K	6.5M	100K	18.1M
Other Current Assets, Total	76.1M	73.33M	94.5M	116M	70.2M
Total Current Assets	1.38B	2.28B	1.7B	1.9B	2.52B
Gross Property Plant And Equipment	9.02B	9.34B	11.03B	11.81B	12.3B
Accumulated Depreciation	-4.47B	-4.74B	-4.98B	-5.35B	-5.74B
Net Property Plant And Equipment	4.56B	4.61B	6.06B	6.46B	6.56B
Long-term Investments	60.71M	34.3M	34.1M	31.8M	35.2M
Goodwill	3.17B	3.17B	3.7B	3.69B	3.53B
Other Intangibles, Total	1.09B	1.12B	1.75B	1.7B	1.46B
Deferred Charges Long-Term	92.76M	92.88M	95.6M	100M	98.4M
Other Long-Term Assets, Total	301M	379M	355M	351M	337M
Total Assets	10.65B	11.69B	13.68B	14.23B	14.55B
Liabilities
Accounts Payable, Total	265M	273M	366M	454M	390M
Accrued Expenses, Total	144M	135M	158M	155M	182M
Short-term Borrowings	-	-	-	100M	4.2M
Current Portion of Long-Term Debt	25K	515M	5.2M	500K	500K
Current Portion of Leases	29.97M	39.02M	84.6M	70.4M	59.8M
Unearned Revenue Current, Total	7.5M	7.5M	7.5M	7.5M	7.5M
Other Current Liabilities	88.68M	77.69M	148M	169M	154M
Total Current Liabilities	536M	1.05B	769M	957M	798M
Long-Term Debt	2.78B	2.77B	3.87B	3.88B	3.88B
Long-Term Leases	388M	404M	703M	583M	524M
Unearned Revenue Non Current	180M	174M	167M	160M	145M
Pension & Other Post Retirement Benefits	178M	137M	106M	82.2M	83.6M
Deferred Tax Liability Non Current	633M	706M	1.01B	1.07B	1.03B
Other Non Current Liabilities	328M	419M	488M	553M	581M
Total Liabilities	5.03B	5.66B	7.11B	7.28B	7.04B
Common Stock, Total	132M	133M	133M	133M	132M
Additional Paid In Capital	2.79B	2.8B	2.82B	2.84B	2.88B
Retained Earnings	2.9B	3.27B	3.75B	4.11B	4.62B
Comprehensive Income and Other	-198M	-181M	-153M	-155M	-144M
Total Common Equity	5.62B	6.03B	6.54B	6.93B	7.48B
Minority Interest	-	-	22.7M	23.6M	24.5M
Total Equity	5.62B	6.03B	6.57B	6.95B	7.51B
Total Liabilities And Equity	10.65B	11.69B	13.68B	14.23B	14.55B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	132M	133M	133M	133M	132M
ECS Total Common Shares Outstanding	132M	133M	133M	133M	132M
Book Value / Share	42.47	45.48	49.32	52.13	56.65
Tangible Book Value	1.36B	1.73B	1.1B	1.54B	2.49B
Tangible Book Value Per Share	10.3	13.07	8.28	11.56	18.86
Total Debt	3.2B	3.73B	4.67B	4.63B	4.47B
Net Debt	2.93B	2.53B	4.43B	4.47B	3.53B
Debt Equivalent of Unfunded Proj. Benefit Obligation	142M	115M	54.9M	53.3M	45.4M
Debt Equivalent Oper. Leases	821M	794M	846M	1.15B	1.18B
Minority Interest, Total (Incl. Fin. Div)	-	-	22.7M	23.6M	24.5M
Equity Method Investments, Total	50.59M	26.52M	26.5M	26.5M	26.6M
Account Code - Inventory Valuation	4	4	4	4	4
LIFO Reserve, Total	-183M	-193M	-200M	-265M	-303M
Inventories - Raw Materials, Total	31.32M	33.78M	59.9M	63.4M	51.2M
Inventories - Work In Process, Total	5.6M	4.56M	4.2M	6M	6.5M
Inventories - Finished Goods, Total	392M	378M	418M	439M	494M
Inventories - Others	29.72M	31.86M	39.2M	70.6M	63.5M
Land - (BS)	2.92B	1.71B	2.24B	2.45B	2.68B
Buildings, Total	142M	145M	183M	223M	204M
Machinery, Total	5.36B	5.52B	6.11B	6.45B	6.79B
Full Time Employees	9.17K	8.85K	11.91K	11.97K	10.96K
Accumulated Allowance for Doubtful Accounts (Supple)	3.12M	2.55M	10.3M	10.9M	13.6M

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	618M	584M	671M	576M	933M
Depreciation & Amortization - CF	323M	338M	382M	476M	515M
Amortization of Goodwill and Intangible Assets - (CF)	51.53M	59.04M	81.3M	112M	102M
Depreciation & Amortization, Total	375M	397M	463M	588M	617M
Amortization of Deferred Charges, Total - (CF)	-	-	-	-	-
(Gain) Loss From Sale Of Asset	-23.75M	-4M	-120M	-10.7M	-76.4M
Asset Writedown & Restructuring Costs	-	-	-	67.9M	28.3M
Stock-Based Compensation (CF)	31.84M	32.99M	34.7M	41.1M	63.2M
Tax Benefit from Stock Options	-	-	-	-	-
Other Operating Activities, Total	131M	99.79M	144M	135M	18.8M
Change In Accounts Receivable	-29.73M	13.41M	-42M	-53.3M	28.2M
Change In Inventories	-28.27M	9.8M	8.3M	-49.5M	-54.6M
Change In Accounts Payable	21.79M	-6.94M	-23.3M	-17.4M	-25.1M
Change in Other Net Operating Assets	-111M	-55.98M	-123M	-128M	4.2M
Cash from Operations	984M	1.07B	1.01B	1.15B	1.54B
Capital Expenditure	-384M	-362M	-451M	-613M	-873M
Sale of Property, Plant, and Equipment	22.66M	11.46M	216M	38.7M	94.6M
Cash Acquisitions	-44.15M	-43.22M	-1.64B	-529M	900K
Divestitures	1.74M	968K	-	50M	614M
Other Investing Activities, Total	-12M	11.47M	100K	100K	-
Cash from Investing	-416M	-382M	-1.87B	-1.05B	-164M
Short Term Debt Issued, Total	367M	-	-	1.36B	166M
Long-Term Debt Issued, Total	-	750M	1.6B	550M	550M
Total Debt Issued	367M	750M	1.6B	1.91B	716M
Short Term Debt Repaid, Total	-500M	-	-	-1.26B	-266M
Long-Term Debt Repaid, Total	-23K	-250M	-1.47B	-592M	-581M
Total Debt Repaid	-500M	-250M	-1.47B	-1.85B	-847M
Issuance of Common Stock	-	-	-	-	-
Repurchase of Common Stock	-41.19M	-48.28M	-19.1M	-18.5M	-222M
Common Dividends Paid	-164M	-180M	-196M	-213M	-228M
Common & Preferred Stock Dividends Paid	-164M	-180M	-196M	-213M	-228M
Other Financing Activities, Total	-	-36.82M	-13.6M	-2.6M	-4M
Cash from Financing	-338M	235M	-94.3M	-175M	-586M
Net Change in Cash	230M	924M	-956M	-80M	788M
Supplemental Items
Cash Interest Paid	129M	129M	138M	164M	179M
Cash Income Tax Paid (Refund)	56.81M	95.93M	128M	144M	292M
Levered Free Cash Flow	454M	562M	359M	378M	643M
Unlevered Free Cash Flow	535M	647M	452M	484M	765M
Change In Net Working Capital	32.59M	-15.94M	183M	173M	-94.2M
Net Debt Issued / Repaid	-133M	500M	135M	58.5M	-131M

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