Financial Information Related to Operations by Segment |
The following
table sets forth certain financial information relating to our
operations by segment:
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For the Years Ended
March 31, |
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2014 |
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2013 |
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|
2012 |
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|
(dollars in
thousands) |
|
Revenues -
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Cement
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$ |
438,224 |
|
|
$ |
304,125 |
|
|
$ |
243,978 |
|
Gypsum
Wallboard
|
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|
387,016 |
|
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|
306,529 |
|
|
|
217,633 |
|
Paperboard
|
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|
130,178 |
|
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|
121,930 |
|
|
|
118,794 |
|
Concrete and
Aggregates
|
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|
116,465 |
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|
56,287 |
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|
45,515 |
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1,071,883 |
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788,871 |
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|
625,920 |
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Less: Intersegment
Revenues
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|
(62,094 |
) |
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(49,987 |
) |
|
|
(44,757 |
) |
Less: Joint Venture
Revenues
|
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|
(111,393 |
) |
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(96,322 |
) |
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(86,140 |
) |
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$ |
898,396 |
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$ |
642,562 |
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$ |
495,023 |
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For the Years Ended
March 31, |
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|
2014 |
|
|
2013 |
|
|
2012 |
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|
(dollars in
thousands) |
|
Intersegment Revenues
-
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Cement
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$ |
8,952 |
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|
$ |
2,850 |
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$ |
3,605 |
|
Paperboard
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|
52,119 |
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|
46,393 |
|
|
|
40,485 |
|
Concrete and
Aggregates
|
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|
1,023 |
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|
744 |
|
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|
667 |
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|
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|
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|
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|
|
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$ |
62,094 |
|
|
$ |
49,987 |
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$ |
44,757 |
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Cement Sales Volumes (M
tons) -
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Wholly-Owned
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3,580 |
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2,390 |
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|
1,857 |
|
Joint Venture
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|
1,013 |
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|
913 |
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|
866 |
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4,593 |
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3,303 |
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|
2,723 |
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For the Years Ended
March 31, |
|
|
|
2014 |
|
|
2013 |
|
|
2012 |
|
|
|
(dollars in
thousands) |
|
Operating Earnings
-
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|
Cement
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$ |
89,486 |
|
|
$ |
46,228 |
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$ |
46,850 |
|
Gypsum
Wallboard
|
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|
114,852 |
|
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|
69,712 |
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|
6,264 |
|
Paperboard
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|
23,610 |
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|
25,200 |
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|
16,988 |
|
Concrete and
Aggregates
|
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|
(4,678 |
) |
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|
(5,388 |
) |
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|
(1,097 |
) |
Other, net
|
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|
1,368 |
|
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|
(1,232 |
) |
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|
356 |
|
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Sub-Total
|
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224,638 |
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134,520 |
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|
69,361 |
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Corporate General and
Administrative
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(24,552 |
) |
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(23,918 |
) |
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(19,617 |
) |
Other Corporate
Charges
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|
— |
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(10,683 |
) |
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(9,117 |
) |
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Earnings Before Interest
and Income Taxes
|
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|
200,086 |
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|
99,919 |
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|
40,627 |
|
Loss on Debt
Retirement
|
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|
— |
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— |
|
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|
(2,094 |
) |
Interest Expense,
net
|
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|
(18,282 |
) |
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|
(15,823 |
) |
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|
(16,621 |
) |
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Earnings Before Income
Taxes
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$ |
181,804 |
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$ |
84,096 |
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$ |
21,912 |
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Cement Operating Earnings
-
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Wholly-Owned
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$ |
51,675 |
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$ |
13,721 |
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$ |
18,322 |
|
Joint Ventures
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|
37,811 |
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|
32,507 |
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|
28,528 |
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$ |
89,486 |
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$ |
46,228 |
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$ |
46,850 |
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Capital Expenditures
-
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Cement
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$ |
12,226 |
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$ |
15,583 |
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$ |
7,753 |
|
Gypsum
Wallboard
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|
4,825 |
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2,682 |
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|
3,357 |
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Paperboard
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|
3,354 |
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|
804 |
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|
919 |
|
Aggregates
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34,719 |
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33,829 |
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|
13,639 |
|
Concrete
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|
4,117 |
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|
103 |
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|
321 |
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Other, net
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|
249 |
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|
10 |
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|
110 |
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$ |
59,490 |
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$ |
53,011 |
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$ |
26,099 |
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Depreciation, Depletion
and Amortization -
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Cement
|
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$ |
31,829 |
|
|
$ |
20,658 |
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$ |
15,373 |
|
Gypsum
Wallboard
|
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|
20,981 |
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|
21,045 |
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|
20,903 |
|
Paperboard
|
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|
8,716 |
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|
8,824 |
|
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|
8,595 |
|
Aggregates
|
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|
5,119 |
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|
3,820 |
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|
3,365 |
|
Concrete
|
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|
1,793 |
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|
1,392 |
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|
1,022 |
|
Corporate and
Other
|
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|
1,583 |
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|
1,111 |
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|
866 |
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$ |
70,021 |
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$ |
56,850 |
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$ |
50,124 |
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As of
March 31, |
|
|
|
2014 |
|
|
2013 |
|
|
2012 |
|
|
|
(dollars in
thousands) |
|
Identifiable
Assets
|
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|
Cement
|
|
$ |
762,578 |
|
|
$ |
756,158 |
|
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$ |
313,559 |
|
Gypsum
Wallboard
|
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|
412,566 |
|
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|
425,866 |
|
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|
434,967 |
|
Paperboard
|
|
|
125,045 |
|
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|
129,226 |
|
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|
137,483 |
|
Aggregates
|
|
|
152,728 |
|
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|
108,796 |
|
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|
49,009 |
|
Concrete
|
|
|
26,835 |
|
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|
27,187 |
|
|
|
12,031 |
|
Other, net
|
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|
31,777 |
|
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|
29,000 |
|
|
|
38,096 |
|
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$ |
1,511,529 |
|
|
$ |
1,476,233 |
|
|
$ |
985,145 |
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