XML 66 R2.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME [Abstract]      
Total revenues [1] $ 4,929,103 $ 4,382,869 $ 3,890,296
Cost of revenues 3,673,202 3,281,924 2,896,783
Gross profit 1,255,901 1,100,945 993,513
Selling, administrative and general expenses 370,548 333,371 324,972
Gain on sale of property, plant & equipment and businesses 23,752 14,944 17,827
Other operating expense, net (31,647) (34,805) (47,324)
Operating earnings 877,458 747,713 639,044
Other nonoperating income, net 9,243 13,000 13,357
Interest income 1,155 554 4,437
Interest expense 130,155 137,977 295,522
Earnings from continuing operations before income taxes 757,701 623,290 361,316
Income tax expense (benefit)      
Current 58,941 40,516 354
Deferred 76,257 64,933 (232,429)
Total income tax expense (benefit) 135,198 105,449 (232,075)
Earnings from continuing operations 622,503 517,841 593,391
Earnings (loss) on discontinued operations, net of income taxes (4,841) (2,036) 7,794
Net earnings 617,662 515,805 601,185
Other comprehensive income (loss), net of tax      
Deferred gain on interest rate derivative 0 2,496 0
Amortization of prior interest rate derivative loss 227 226 1,862
Adjustment for funded status of benefit plans (26,892) (207) (14,106)
Amortization of actuarial loss and prior service cost for benefit plans 1,142 4,365 2,154
Other comprehensive income (loss) (25,523) 6,880 (10,090)
Comprehensive income $ 592,139 $ 522,685 $ 591,095
Basic earnings (loss) per share      
Continuing operations $ 4.71 $ 3.91 $ 4.48
Discontinued operations (0.04) (0.01) 0.06
Net earnings 4.67 3.90 4.54
Diluted earnings (loss) per share      
Continuing operations 4.67 3.87 4.40
Discontinued operations (0.04) (0.02) 0.06
Net earnings $ 4.63 $ 3.85 $ 4.46
Weighted-average common shares outstanding      
Basic 132,300 132,393 132,513
Assuming dilution 133,385 133,926 134,878
[1]

1

The geographic markets are defined by states/countries as follows:

East market — Arkansas, Delaware, Illinois, Kentucky, Maryland, North Carolina, Pennsylvania, Tennessee, Virginia, and Washington D.C.

Gulf Coast market — Alabama, Florida, Georgia, Louisiana, Mexico, Mississippi, Oklahoma, South Carolina, Texas and the Bahamas

West market — Arizona, California and New Mexico