CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) shares in Thousands, $ in Thousands |
3 Months Ended | 9 Months Ended | |||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Sep. 30, 2021 |
Sep. 30, 2020 |
Sep. 30, 2021 |
Sep. 30, 2020 |
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CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME [Abstract] | |||||||||||||||
Total revenues | [1] | $ 1,516,506 | $ 1,309,890 | $ 3,945,897 | $ 3,681,707 | ||||||||||
Cost of revenues | 1,122,445 | 929,392 | 2,924,206 | 2,702,967 | |||||||||||
Gross profit | 394,061 | 380,498 | 1,021,691 | 978,740 | |||||||||||
Selling, administrative and general expenses | 103,792 | 83,511 | 293,052 | 261,146 | |||||||||||
Gain on sale of property, plant & equipment and businesses | 2,940 | 1,576 | 120,316 | 2,317 | |||||||||||
Other operating expense, net | (30,843) | (10,459) | (49,541) | (20,610) | |||||||||||
Operating earnings | 262,366 | 288,104 | 799,414 | 699,301 | |||||||||||
Other nonoperating income, net | 3,152 | 5,787 | 17,288 | 3,818 | |||||||||||
Interest expense, net | 36,776 | 35,782 | 111,589 | 100,509 | |||||||||||
Earnings from continuing operations before income taxes | 228,742 | 258,109 | 705,113 | 602,610 | |||||||||||
Income tax expense | 51,770 | 56,984 | 169,692 | 130,530 | |||||||||||
Earnings from continuing operations | 176,972 | 201,125 | 535,421 | 472,080 | |||||||||||
Loss on discontinued operations, net of tax | (212) | (1,337) | (2,702) | (2,118) | |||||||||||
Net earnings | 176,760 | 199,788 | 532,719 | 469,962 | |||||||||||
Loss attributable to noncontrolling interest | 146 | 0 | 146 | 0 | |||||||||||
Net earnings attributable to Vulcan | 176,906 | 199,788 | 532,865 | 469,962 | |||||||||||
Other comprehensive income (loss), net of tax | |||||||||||||||
Deferred loss on interest rate derivative | 0 | 0 | 0 | (14,679) | |||||||||||
Amortization of prior interest rate derivative loss | 364 | 350 | 1,080 | 1,338 | |||||||||||
Amortization of actuarial loss and prior service cost for benefit plans | 1,235 | 1,695 | 3,705 | 5,085 | |||||||||||
Other comprehensive income (loss) | 1,599 | 2,045 | 4,785 | (8,256) | |||||||||||
Comprehensive income | 178,359 | 201,833 | 537,504 | 461,706 | |||||||||||
Comprehensive loss attributable to noncontrolling interest | 146 | 0 | 146 | 0 | |||||||||||
Comprehensive income attributable to Vulcan | $ 178,505 | $ 201,833 | $ 537,650 | $ 461,706 | |||||||||||
Basic earnings (loss) per share attributable to Vulcan | |||||||||||||||
Continuing operations | $ 1.33 | $ 1.52 | $ 4.03 | $ 3.56 | |||||||||||
Discontinued operations | 0.00 | (0.01) | (0.02) | (0.01) | |||||||||||
Net earnings | 1.33 | 1.51 | 4.01 | 3.55 | |||||||||||
Diluted earnings (loss) per share attributable to Vulcan | |||||||||||||||
Continuing operations | 1.33 | 1.51 | 4.01 | 3.54 | |||||||||||
Discontinued operations | (0.01) | (0.01) | (0.02) | (0.01) | |||||||||||
Net earnings | $ 1.32 | $ 1.50 | $ 3.99 | $ 3.53 | |||||||||||
Weighted-average common shares outstanding | |||||||||||||||
Basic | 132,810 | 132,573 | 132,780 | 132,564 | |||||||||||
Assuming dilution | 133,544 | 133,268 | 133,480 | 133,192 | |||||||||||
Effective tax rate from continuing operations | 22.60% | 22.10% | 24.10% | 21.70% | |||||||||||
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- Definition Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income, attributable to parent entity. Excludes changes in equity resulting from investments by owners and distributions to owners. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income (loss) and other comprehensive income (loss), attributable to noncontrolling interests. Excludes changes in equity resulting from investments by owners and distributions to owners. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income. Excludes changes in equity resulting from investments by owners and distributions to owners. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The aggregate costs related to goods produced and sold and services rendered by an entity during the reporting period. This excludes costs incurred during the reporting period related to financial services rendered and other revenue generating activities. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- References No definition available.
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- Definition Percentage of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of gain (loss) on sale or disposal of assets, including but not limited to property plant and equipment, intangible assets and equity in securities of subsidiaries or equity method investee. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Aggregate revenue less cost of goods and services sold or operating expenses directly attributable to the revenue generation activity. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount after tax of income (loss) from continuing operations including portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of net income (loss) from continuing operations per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of net income (loss) derived from continuing operations during the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount after tax of income (loss) from a discontinued operation attributable to the parent. Includes, but is not limited to, the income (loss) from operations during the phase-out period, gain (loss) on disposal, gain (loss) for reversal of write-down (write-down) to fair value, less cost to sell, and adjustments to a prior period gain (loss) on disposal. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Per basic share amount, after tax, of income (loss) from the day-to-day business activities of the discontinued operation and gain (loss) from the disposal of the discontinued operation. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Per diluted share amount, after tax, of income (loss) from the day-to-day business activities of the discontinued operation and gain (loss) from the disposal of the discontinued operation. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The net amount of nonoperating interest income (expense). No definition available.
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of Net Income (Loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The net result for the period of deducting operating expenses from operating revenues. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount, after tax and before reclassification, of gain (loss) from derivative instrument designated and qualifying as cash flow hedge included in assessment of hedge effectiveness. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount, after tax and before adjustments, of gain (loss) from increase (decrease) in value of excluded component of derivative designated and qualifying as hedge. Adjustments include, but are not limited to, reclassifications for sale and settlement, and amounts recognized under systematic and rational method. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount after tax of other comprehensive income (loss) attributable to parent entity. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition Amount, after tax, of reclassification adjustment from accumulated other comprehensive (income) loss for net periodic benefit cost (credit) of defined benefit plan. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The total amount of other operating cost and expense items that are associated with the entity's normal revenue producing operation. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of income (expense) related to nonoperating activities, classified as other. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The aggregate total costs related to selling a firm's product and services, as well as all other general and administrative expenses. Direct selling expenses (for example, credit, warranty, and advertising) are expenses that can be directly linked to the sale of specific products. Indirect selling expenses are expenses that cannot be directly linked to the sale of specific products, for example telephone expenses, Internet, and postal charges. General and administrative expenses include salaries of non-sales personnel, rent, utilities, communication, etc. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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