Financial Data for Continuing Operation For Corporation's Reportable Business Segments |
The following tables display selected financial data for the Corporation’s reportable business segments.
Selected Financial Data by Business Segment
|
years ended December 31
(add 000)
Total revenues |
|
2016 |
|
|
2015 |
|
|
2014 |
|
|
Mid-America Group |
|
$ |
1,017,098 |
|
|
$ |
926,251 |
|
|
$ |
848,855 |
|
|
Southeast Group |
|
|
321,078 |
|
|
|
304,472 |
|
|
|
274,352 |
|
|
West Group |
|
|
1,970,165 |
|
|
|
1,675,021 |
|
|
|
1,356,283 |
|
|
Total Aggregates Business |
|
|
3,308,341 |
|
|
|
2,905,744 |
|
|
|
2,479,490 |
|
|
Cement |
|
|
375,814 |
|
|
|
475,725 |
|
|
|
265,114 |
|
|
Magnesia Specialties |
|
|
257,058 |
|
|
|
245,879 |
|
|
|
256,702 |
|
|
Less: Intersegment revenues |
|
|
(122,464 |
) |
|
|
(87,778 |
) |
|
|
(43,355 |
) |
|
Total |
|
$ |
3,818,749 |
|
|
$ |
3,539,570 |
|
|
$ |
2,957,951 |
|
|
Net sales |
|
|
|
|
|
|
|
|
|
|
|
|
|
Mid-America Group |
|
$ |
945,123 |
|
|
$ |
851,854 |
|
|
$ |
770,568 |
|
|
Southeast Group |
|
|
304,451 |
|
|
|
285,302 |
|
|
|
254,986 |
|
|
West Group |
|
|
1,847,211 |
|
|
|
1,535,848 |
|
|
|
1,207,879 |
|
|
Total Aggregates Business |
|
|
3,096,785 |
|
|
|
2,673,004 |
|
|
|
2,233,433 |
|
|
Cement |
|
|
364,445 |
|
|
|
455,382 |
|
|
|
252,911 |
|
|
Magnesia Specialties |
|
|
238,001 |
|
|
|
227,508 |
|
|
|
236,106 |
|
|
Less: Intersegment sales |
|
|
(122,464 |
) |
|
|
(87,778 |
) |
|
|
(43,355 |
) |
|
Total |
|
$ |
3,576,767 |
|
|
$ |
3,268,116 |
|
|
$ |
2,679,095 |
|
|
Gross profit (loss) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Mid-America Group |
|
$ |
305,794 |
|
|
$ |
256,586 |
|
|
$ |
216,883 |
|
|
Southeast Group |
|
|
57,108 |
|
|
|
34,197 |
|
|
|
10,653 |
|
|
West Group |
|
|
344,581 |
|
|
|
254,946 |
|
|
|
155,678 |
|
|
Total Aggregates Business |
|
|
707,483 |
|
|
|
545,729 |
|
|
|
383,214 |
|
|
Cement |
|
|
120,100 |
|
|
|
103,473 |
|
|
|
52,469 |
|
|
Magnesia Specialties |
|
|
89,477 |
|
|
|
78,732 |
|
|
|
84,594 |
|
|
Corporate |
|
|
(8,094 |
) |
|
|
(6,167 |
) |
|
|
2,083 |
|
|
Total |
|
$ |
908,966 |
|
|
$ |
721,767 |
|
|
$ |
522,360 |
|
|
years ended December 31
(add 000)
Selling, general and administrative expenses |
|
2016 |
|
|
2015 |
|
|
2014 |
|
|
Mid-America Group |
|
$ |
53,022 |
|
|
$ |
52,606 |
|
|
$ |
52,217 |
|
|
Southeast Group |
|
|
17,325 |
|
|
|
18,467 |
|
|
|
17,788 |
|
|
West Group |
|
|
71,531 |
|
|
|
66,639 |
|
|
|
50,147 |
|
|
Total Aggregates Business |
|
|
141,878 |
|
|
|
137,712 |
|
|
|
120,152 |
|
|
Cement |
|
|
24,798 |
|
|
|
26,626 |
|
|
|
12,741 |
|
|
Magnesia Specialties |
|
|
9,694 |
|
|
|
9,499 |
|
|
|
9,776 |
|
|
Corporate |
|
|
71,635 |
|
|
|
44,397 |
|
|
|
26,576 |
|
|
Total |
|
$ |
248,005 |
|
|
$ |
218,234 |
|
|
$ |
169,245 |
|
|
Earnings (Loss) from operations |
|
|
|
|
|
|
|
|
|
|
|
|
|
Mid-America Group |
|
$ |
257,347 |
|
|
$ |
206,820 |
|
|
$ |
172,208 |
|
|
Southeast Group |
|
|
41,396 |
|
|
|
16,435 |
|
|
|
(5,293 |
) |
|
West Group |
|
|
277,249 |
|
|
|
205,699 |
|
|
|
153,182 |
|
|
Total Aggregates Business |
|
|
575,992 |
|
|
|
428,954 |
|
|
|
320,097 |
|
|
Cement |
|
|
99,362 |
|
|
|
47,821 |
|
|
|
40,751 |
|
|
Magnesia Specialties |
|
|
79,104 |
|
|
|
68,886 |
|
|
|
74,805 |
|
|
Corporate |
|
|
(87,137 |
) |
|
|
(66,245 |
) |
|
|
(120,780 |
) |
|
Total |
|
$ |
667,321 |
|
|
$ |
479,416 |
|
|
$ |
314,873 |
|
Intersegment revenues and intersegment sales represent Cement business sales to the West Group’s ready mixed concrete business.
|
years ended December 31
(add 000)
Assets employed |
|
2016 |
|
|
2015 |
|
|
2014 |
|
|
Mid-America Group |
|
$ |
1,406,526 |
|
|
$ |
1,304,574 |
|
|
$ |
1,290,833 |
|
|
Southeast Group |
|
|
594,967 |
|
|
|
583,369 |
|
|
|
604,044 |
|
|
West Group |
|
|
2,981,701 |
|
|
|
2,621,636 |
|
|
|
2,444,400 |
|
|
Total Aggregates Business |
|
|
4,983,194 |
|
|
|
4,509,579 |
|
|
|
4,339,277 |
|
|
Cement |
|
|
1,922,317 |
|
|
|
1,939,796 |
|
|
|
2,451,799 |
|
|
Magnesia Specialties |
|
|
150,969 |
|
|
|
147,795 |
|
|
|
150,359 |
|
|
Corporate |
|
|
244,425 |
|
|
|
360,441 |
|
|
|
273,082 |
|
|
Total |
|
$ |
7,300,905 |
|
|
$ |
6,957,611 |
|
|
$ |
7,214,517 |
|
|
Depreciation, depletion and amortization |
|
|
|
|
|
|
|
|
|
|
|
|
|
Mid-America Group |
|
$ |
64,295 |
|
|
$ |
61,693 |
|
|
$ |
63,294 |
|
|
Southeast Group |
|
|
30,590 |
|
|
|
31,644 |
|
|
|
31,955 |
|
|
West Group |
|
|
119,819 |
|
|
|
93,947 |
|
|
|
74,283 |
|
|
Total Aggregates Business |
|
|
214,704 |
|
|
|
187,284 |
|
|
|
169,532 |
|
|
Cement |
|
|
44,834 |
|
|
|
53,672 |
|
|
|
30,620 |
|
|
Magnesia Specialties |
|
|
12,865 |
|
|
|
13,769 |
|
|
|
10,394 |
|
|
Corporate |
|
|
12,850 |
|
|
|
8,862 |
|
|
|
12,200 |
|
|
Total |
|
$ |
285,253 |
|
|
$ |
263,587 |
|
|
$ |
222,746 |
|
|
years ended December 31
(add 000)
Total property additions |
|
2016 |
|
|
2015 |
|
|
2014 |
|
|
Mid-America Group |
|
$ |
152,014 |
|
|
$ |
77,640 |
|
|
$ |
76,753 |
|
|
Southeast Group |
|
|
30,588 |
|
|
|
12,155 |
|
|
|
23,326 |
|
|
West Group |
|
|
310,162 |
|
|
|
235,245 |
|
|
|
753,342 |
|
|
Total Aggregates Business |
|
|
492,764 |
|
|
|
325,040 |
|
|
|
853,421 |
|
|
Cement |
|
|
28,633 |
|
|
|
9,599 |
|
|
|
975,063 |
|
|
Magnesia Specialties |
|
|
8,944 |
|
|
|
8,916 |
|
|
|
2,588 |
|
|
Corporate |
|
|
10,430 |
|
|
|
20,561 |
|
|
|
15,349 |
|
|
Total |
|
$ |
540,771 |
|
|
$ |
364,116 |
|
|
$ |
1,846,421 |
|
|
Property additions through acquisitions |
|
|
|
|
|
|
|
|
|
|
|
|
|
Mid-America Group |
|
$ |
1,524 |
|
|
$ |
4,385 |
|
|
$ |
— |
|
|
Southeast Group |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
West Group |
|
|
132,112 |
|
|
|
35,965 |
|
|
|
632,560 |
|
|
Total Aggregates Business |
|
|
133,636 |
|
|
|
40,350 |
|
|
|
632,560 |
|
|
Cement |
|
|
— |
|
|
|
— |
|
|
|
970,300 |
|
|
Magnesia Specialties |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
Corporate |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
Total |
|
$ |
133,636 |
|
|
$ |
40,350 |
|
|
$ |
1,602,860 |
|
|
Total Revenues, Net Sales and Gross Profit by Product Line |
The Aggregates business includes the aggregates product line and aggregates-related downstream product lines, which include the asphalt/paving and ready mixed concrete product lines. All aggregates-related downstream product lines reside in the West Group. The following tables, which are reconciled to consolidated amounts, provide total revenues, net sales and gross profit by line of business: Aggregates (further divided by product line), Cement and Magnesia Specialties. Interproduct revenues and interproduct sales represent sales from the aggregates product line to the asphalt/paving and ready mixed concrete product lines.. Intersegment revenues and intersegment sales represent cement product lines sales to the ready mixed concrete product line.
|
years ended December 31
(add 000)
Total revenues |
|
2016 |
|
|
2015 |
|
|
2014 |
|
|
Aggregates |
|
$ |
2,267,574 |
|
|
$ |
2,120,245 |
|
|
$ |
1,880,074 |
|
|
Asphalt/Paving |
|
|
345,134 |
|
|
|
290,966 |
|
|
|
303,777 |
|
|
Ready Mixed Concrete |
|
|
903,803 |
|
|
|
657,831 |
|
|
|
431,383 |
|
|
Less: Interproduct revenues |
|
|
(208,170 |
) |
|
|
(163,298 |
) |
|
|
(135,744 |
) |
|
Total Aggregates Business |
|
|
3,308,341 |
|
|
|
2,905,744 |
|
|
|
2,479,490 |
|
|
Cement |
|
|
375,814 |
|
|
|
475,725 |
|
|
|
265,114 |
|
|
Magnesia Specialties |
|
|
257,058 |
|
|
|
245,879 |
|
|
|
256,702 |
|
|
Less: Intersegment revenues |
|
|
(122,464 |
) |
|
|
(87,778 |
) |
|
|
(43,355 |
) |
|
Total |
|
$ |
3,818,749 |
|
|
$ |
3,539,570 |
|
|
$ |
2,957,951 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net sales |
|
|
|
|
|
|
|
|
|
|
|
|
|
Aggregates |
|
$ |
2,060,876 |
|
|
$ |
1,896,143 |
|
|
$ |
1,644,265 |
|
|
Asphalt/Paving |
|
|
341,444 |
|
|
|
283,628 |
|
|
|
294,239 |
|
|
Ready Mixed Concrete |
|
|
902,635 |
|
|
|
656,531 |
|
|
|
430,673 |
|
|
Less: Interproduct sales |
|
|
(208,170 |
) |
|
|
(163,298 |
) |
|
|
(135,744 |
) |
|
Total Aggregates Business |
|
|
3,096,785 |
|
|
|
2,673,004 |
|
|
|
2,233,433 |
|
|
Cement |
|
|
364,445 |
|
|
|
455,382 |
|
|
|
252,911 |
|
|
Magnesia Specialties |
|
|
238,001 |
|
|
|
227,508 |
|
|
|
236,106 |
|
|
Less: Intersegment sales |
|
|
(122,464 |
) |
|
|
(87,778 |
) |
|
|
(43,355 |
) |
|
Total |
|
$ |
3,576,767 |
|
|
$ |
3,268,116 |
|
|
$ |
2,679,095 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Gross profit (loss) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Aggregates |
|
$ |
554,801 |
|
|
$ |
467,053 |
|
|
$ |
324,093 |
|
|
Asphalt/Paving |
|
|
53,569 |
|
|
|
35,734 |
|
|
|
19,992 |
|
|
Ready Mixed Concrete |
|
|
99,113 |
|
|
|
42,942 |
|
|
|
39,129 |
|
|
Total Aggregates Business |
|
|
707,483 |
|
|
|
545,729 |
|
|
|
383,214 |
|
|
Cement |
|
|
120,100 |
|
|
|
103,473 |
|
|
|
52,469 |
|
|
Magnesia Specialties |
|
|
89,477 |
|
|
|
78,732 |
|
|
|
84,594 |
|
|
Corporate |
|
|
(8,094 |
) |
|
|
(6,167 |
) |
|
|
2,083 |
|
|
Total |
|
$ |
908,966 |
|
|
$ |
721,767 |
|
|
$ |
522,360 |
|
|