SEGMENT REPORTING

12 Months Ended

Dec. 31, 2014

SEGMENT REPORTING [Abstract]

SEGMENT REPORTING

NOTE 15: SEGMENT REPORTING

We have four operating (and reporting)  segments organized around our principal product lines: Aggregates, Asphalt Mix, Concrete and Calcium (formerly Cement).

The Aggregates segment produces and sells aggregates (crushed stone, sand and gravel, sand, and other aggregates) and related products and services (transportation and other). During 2014, the Aggregates segment principally served markets in twentystates, Washington D.C. and Mexico with a full line of aggregates, and five additional states with railroad ballast. Customers use aggregates primarily in the construction and maintenance of highways, streets and other public works and in the construction of housing and commercial, industrial and other nonresidential facilities. Customers are served by truck, rail and water distribution networks from our production facilities and sales yards. Due to the high weight-to-value ratio of aggregates, markets generally are local in nature. Quarries located on waterways and rail lines allow us to serve remote markets where local aggregates reserves may not be available. We sell a relatively small amount of construction aggregates outside the United States. Nondomestic revenues were $14,699,000in 2014, $12,339,000 in 2013 and $14,733,000 in 2012.

The Asphalt Mix segment produces and sells asphalt mix in four states primarily in our southwestern and western markets.

The Concrete segment produces and sells ready-mixed concrete in six states, Washington D.C. and the Bahamas.  Subsequently, in January 2015 we swapped our ready-mixed concrete operations in California for asphalt mix operations, primarily in Arizona. In March 2014, we sold our concrete business in the Florida area (see Note 19) which in addition to ready-mixed concrete, included concrete block, precast concrete, as well as building materials purchased for resale.

The Calcium segment currently consists of a Florida facility that mines, produces and sells calcium products. Prior to the sale of our cement business in March 2014 (see Note 19), we produced and sold Portland and masonry cement in both bulk and bags from our Florida cement plant and imported and exported cement, clinker and slag and either resold, ground, blended, bagged or reprocessed those materials from other Florida facilities.

Aggregates comprise approximately 95% of asphalt mix by weight and 78% of ready-mixed concrete by weight. Our Asphalt Mix and Concrete segments are primarily supplied with their aggregates requirements from our Aggregates segment. These intersegment sales are made at local market prices for the particular grade and quality of product utilized in the production of asphalt mix and ready-mixed concrete. Customers for our Asphalt Mix and Concrete segments are generally served locally at our production facilities or by truck. Because asphalt mix and ready-mixed concrete harden rapidly, delivery is time constrained and generally confined to a radius of approximately 20 to 25 miles from the producing facility.

The vast majority of our activities are domestic. Long-lived assets outside the United States, which consist primarily of property, plant & equipment, were $139,427,000in 2014, $140,504,000 in 2013 and $138,415,000 in 2012.  Equity method investments of $22,924,000 in 2014, $22,962,000 in 2013 and $22,965,000 in 2012 are included below in the identifiable assets for the Aggregates segment.

SEGMENT FINANCIAL DISCLOSURE

in millions	2014	2013	2012
Total Revenues
Aggregates 1	$          2,346.4	$        2,025.0	$        1,863.9
Asphalt Mix	445.6	407.7	398.4
Concrete 2	375.8	471.7	406.4
Calcium 3	25.0	99.0	85.8
Segment sales	$          3,192.8	$        3,003.4	$        2,754.5
Aggregates intersegment sales	(189.4)	(185.4)	(148.2)
Calcium intersegment sales	(9.2)	(47.3)	(39.0)
Total revenues	$          2,994.2	$        2,770.7	$        2,567.3
Gross Profit
Aggregates	$             544.1	$           413.3	$           352.1
Asphalt Mix	38.1	32.7	22.9
Concrete 2	2.2	(24.8)	(38.2)
Calcium 3	3.2	5.7	(2.8)
Total	$             587.6	$           426.9	$           334.0
Depreciation, Depletion, Accretion and Amortization (DDA&A)
Aggregates	$             227.0	$           224.8	$           240.7
Asphalt Mix	10.7	8.7	8.7
Concrete 2	19.9	33.0	41.3
Calcium 3	1.6	18.1	18.1
Other	20.3	22.5	23.2
Total	$             279.5	$           307.1	$           332.0
Capital Expenditures
Aggregates	$             180.0	$           253.0	$             77.0
Asphalt Mix	20.8	17.1	7.2
Concrete 2	19.5	13.1	9.2
Calcium 3	0.2	0.2	1.2
Corporate	2.6	1.2	1.2
Total	$             223.1	$           284.6	$             95.8
Identifiable Assets 4
Aggregates	$          7,311.3	$        7,006.7	$        6,717.3
Asphalt Mix	264.2	195.0	218.9
Concrete 2	227.0	370.1	412.3
Calcium 3	5.8	413.3	398.1
Total identifiable assets	7,808.3	7,985.1	7,746.6
General corporate assets	112.3	80.3	104.5
Cash items	141.3	193.7	275.5
Total assets	$          8,061.9	$        8,259.1	$        8,126.6

1	Includes product sales, as well a freight, delivery and transportation revenues, and other revenues related to services.
2	On March 7, 2014, we sold our concrete business in the Florida area (see Note 19).
3	Includes cement and calcium products. On March 7, 2014, we sold our cement business (see Note 19).
4	Certain temporarily idled assets are included within a segment's Identifiable Assets but the associated DDA&A is shown within Other in the DDA&A section above as the related DDA&A is excluded from segment gross profit.