XML 14 R4.htm IDEA: XBRL DOCUMENT v3.20.2
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME [Abstract]        
Total revenues [1] $ 1,309,890 $ 1,418,758 $ 3,681,707 $ 3,742,951
Cost of revenues 929,392 1,018,115 2,702,967 2,780,131
Gross profit 380,498 400,643 978,740 962,820
Selling, administrative and general expenses 83,511 88,789 261,146 274,747
Gain on sale of property, plant & equipment and businesses 1,576 234 2,317 10,982
Other operating expense, net (10,459) (8,712) (20,610) (15,173)
Operating earnings 288,104 303,376 699,301 683,882
Other nonoperating income, net 5,787 359 3,818 5,954
Interest expense, net 35,782 32,197 100,509 98,165
Earnings from continuing operations before income taxes 258,109 271,538 602,610 591,671
Income tax expense 56,984 53,472 130,530 111,764
Earnings from continuing operations 201,125 218,066 472,080 479,907
Loss on discontinued operations, net of tax (1,337) (2,353) (2,118) (3,338)
Net earnings 199,788 215,713 469,962 476,569
Other comprehensive income (loss), net of tax        
Deferred loss on interest rate derivative 0 0 (14,679) 0
Amortization of prior interest rate derivative loss 350 57 1,338 169
Amortization of actuarial loss and prior service cost for benefit plans 1,695 286 5,085 856
Other comprehensive income (loss) 2,045 343 (8,256) 1,025
Comprehensive income $ 201,833 $ 216,056 $ 461,706 $ 477,594
Basic earnings (loss) per share        
Continuing operations $ 1.52 $ 1.65 $ 3.56 $ 3.63
Discontinued operations (0.01) (0.02) (0.01) (0.03)
Net earnings 1.51 1.63 3.55 3.60
Diluted earnings (loss) per share        
Continuing operations 1.51 1.63 3.54 3.60
Discontinued operations (0.01) (0.01) (0.01) (0.02)
Net earnings $ 1.50 $ 1.62 $ 3.53 $ 3.58
Weighted-average common shares outstanding        
Basic 132,573 132,414 132,564 132,244
Assuming dilution 133,268 133,375 133,192 133,273
Depreciation, depletion, accretion and amortization $ 100,962 $ 96,247 $ 295,912 $ 278,925
Effective tax rate from continuing operations 22.10% 19.70% 21.70% 18.90%
[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 marketAlabama, Florida, Georgia, Louisiana, Mexico, Mississippi, Oklahoma, South Carolina and Texas

West market — Arizona, California and New Mexico