10-Q Filing

TEXAS INDUSTRIES INC CIK: 97472 Q2 2011

Filing Information

Form Type	10-Q
Accession Number	`0001193125-11-003721`
Period End Date	20101130
Filing Date	20110107
Fiscal Year	2011
Fiscal Period	Q2
XBRL Instance	txi-20101130.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 68 Income Statement 63 Cash Flow Statement 63

Balance Sheet 68 line items

Line Item	Tag	Value	Unit	Period
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$1.00	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$1.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$56.79M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$74.95M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$19.80M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$139.75M	USD	Point-in-time
Receivables - net	`ReceivablesNetCurrent`	$96.67M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	27.82M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	27.80M	shares	Point-in-time
Receivables - net	`ReceivablesNetCurrent`	$112.18M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	27.82M	shares	Point-in-time
Inventories	`InventoryNet`	$152.68M	USD	Point-in-time
Inventories	`InventoryNet`	$142.42M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	27.80M	shares	Point-in-time
Deferred income taxes and prepaid expenses	`DeferredIncomeTaxesAndPrepaidExpenses`	$23.43M	USD	Point-in-time
Deferred income taxes and prepaid expenses	`DeferredIncomeTaxesAndPrepaidExpenses`	$23.35M	USD	Point-in-time
TOTAL CURRENT ASSETS	`AssetsCurrent`	$352.98M	USD	Point-in-time
TOTAL CURRENT ASSETS	`AssetsCurrent`	$412.46M	USD	Point-in-time
Land and land improvements	`Land`	$158.94M	USD	Point-in-time
Land and land improvements	`Land`	$158.37M	USD	Point-in-time
Buildings	`BuildingsAndImprovementsGross`	$58.82M	USD	Point-in-time
Buildings	`BuildingsAndImprovementsGross`	$58.35M	USD	Point-in-time
Machinery and equipment	`MachineryAndEquipmentGross`	$1.23B	USD	Point-in-time
Machinery and equipment	`MachineryAndEquipmentGross`	$1.22B	USD	Point-in-time
Construction in progress	`ConstructionInProgressGross`	$330.57M	USD	Point-in-time
Construction in progress	`ConstructionInProgressGross`	$322.04M	USD	Point-in-time
TOTAL PROPERTY, PLANT AND EQUIPMENT (Gross)	`PropertyPlantAndEquipmentGross`	$1.76B	USD	Point-in-time
TOTAL PROPERTY, PLANT AND EQUIPMENT (Gross)	`PropertyPlantAndEquipmentGross`	$1.78B	USD	Point-in-time
Less depreciation and depletion	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$634.40M	USD	Point-in-time
Less depreciation and depletion	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$604.27M	USD	Point-in-time
TOTAL PROPERTY, PLANT AND EQUIPMENT	`PropertyPlantAndEquipmentNet`	$1.15B	USD	Point-in-time
TOTAL PROPERTY, PLANT AND EQUIPMENT	`PropertyPlantAndEquipmentNet`	$1.14B	USD	Point-in-time
Goodwill	`Goodwill`	$1.72M	USD	Point-in-time
Goodwill	`Goodwill`	$1.72M	USD	Point-in-time
Real estate and investments	`RealEstateAndInvestments`	$7.43M	USD	Point-in-time
Real estate and investments	`RealEstateAndInvestments`	$6.77M	USD	Point-in-time
Deferred charges and other	`DeferredCosts`	$15.77M	USD	Point-in-time
Deferred charges and other	`DeferredCosts`	$23.22M	USD	Point-in-time
TOTAL OTHER ASSETS	`OtherAssetsNoncurrent`	$24.26M	USD	Point-in-time
TOTAL OTHER ASSETS	`OtherAssetsNoncurrent`	$32.36M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$1.53B	USD	Point-in-time
TOTAL ASSETS	`Assets`	$1.59B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$56.21M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$41.80M	USD	Point-in-time
Accrued interest, compensation and other	`AccruedLiabilitiesCurrent`	$63.31M	USD	Point-in-time
Accrued interest, compensation and other	`AccruedLiabilitiesCurrent`	$51.45M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$234.00K	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$95.00K	USD	Point-in-time
TOTAL CURRENT LIABILITIES	`LiabilitiesCurrent`	$105.20M	USD	Point-in-time
TOTAL CURRENT LIABILITIES	`LiabilitiesCurrent`	$107.90M	USD	Point-in-time
LONG-TERM DEBT	`LongTermDebtAndCapitalLeaseObligations`	$652.44M	USD	Point-in-time
LONG-TERM DEBT	`LongTermDebtAndCapitalLeaseObligations`	$538.62M	USD	Point-in-time
DEFERRED INCOME TAXES AND OTHER CREDITS	`DeferredIncomeTaxesAndOtherCredits`	$102.50M	USD	Point-in-time
DEFERRED INCOME TAXES AND OTHER CREDITS	`DeferredIncomeTaxesAndOtherCredits`	$123.98M	USD	Point-in-time
Common stock, $1 par value; authorized 100,000 shares; issued and outstanding 27,820 and 27,796 shares, respectively	`CommonStockValue`	$27.82M	USD	Point-in-time
Common stock, $1 par value; authorized 100,000 shares; issued and outstanding 27,820 and 27,796 shares, respectively	`CommonStockValue`	$27.80M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$475.58M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$478.17M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$232.95M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$272.02M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-14.15M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-13.54M	USD	Point-in-time
TOTAL SHAREHOLDERS' EQUITY	`StockholdersEquity`	$761.25M	USD	Point-in-time
TOTAL SHAREHOLDERS' EQUITY	`StockholdersEquity`	$725.40M	USD	Point-in-time
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$1.53B	USD	Point-in-time
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$1.59B	USD	Point-in-time

Income Statement 63 line items

Line Item	Tag	Value	Unit	Period
NET SALES	`SalesRevenueGoodsNet`	$142.94M	USD	1 Quarter
NET SALES	`SalesRevenueGoodsNet`	$148.11M	USD	1 Quarter
NET SALES	`SalesRevenueGoodsNet`	$326.89M	USD	2 Qtrs
NET SALES	`SalesRevenueGoodsNet`	$320.23M	USD	2 Qtrs
Cost of products sold	`CostOfGoodsSold`	$275.92M	USD	2 Qtrs
Cost of products sold	`CostOfGoodsSold`	$292.06M	USD	2 Qtrs
Cost of products sold	`CostOfGoodsSold`	$126.06M	USD	1 Quarter
Cost of products sold	`CostOfGoodsSold`	$136.04M	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	$28.18M	USD	2 Qtrs
GROSS PROFIT	`GrossProfit`	$12.07M	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	$16.87M	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	$50.98M	USD	2 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$18.54M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$34.68M	USD	2 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$15.89M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$36.14M	USD	2 Qtrs
Interest	`InterestExpense`	$13.36M	USD	1 Quarter
Interest	`InterestExpense`	$26.61M	USD	2 Qtrs
Interest	`InterestExpense`	$13.89M	USD	1 Quarter
Interest	`InterestExpense`	$28.30M	USD	2 Qtrs
Loss on debt retirements	`GainsLossesOnExtinguishmentOfDebt`	$-613.00K	USD	1 Quarter
Loss on debt retirements	`GainsLossesOnExtinguishmentOfDebt`	$-29.62M	USD	2 Qtrs
Loss on debt retirements	`GainsLossesOnExtinguishmentOfDebt`	-	USD	2 Qtrs
Other income	`OtherOperatingIncome`	$8.38M	USD	2 Qtrs
Other income	`OtherOperatingIncome`	$5.73M	USD	1 Quarter
Other income	`OtherOperatingIncome`	$6.82M	USD	2 Qtrs
Other income	`OtherOperatingIncome`	$1.93M	USD	1 Quarter
TOTAL EXPENSES	`TotalNetExpenses`	$31.11M	USD	1 Quarter
TOTAL EXPENSES	`TotalNetExpenses`	$85.78M	USD	2 Qtrs
TOTAL EXPENSES	`TotalNetExpenses`	$23.52M	USD	1 Quarter
TOTAL EXPENSES	`TotalNetExpenses`	$54.37M	USD	2 Qtrs
LOSS BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-6.65M	USD	1 Quarter
LOSS BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-3.39M	USD	2 Qtrs
LOSS BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-19.05M	USD	1 Quarter
LOSS BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-57.61M	USD	2 Qtrs
Income tax benefit	`IncomeTaxExpenseBenefit`	$-22.71M	USD	2 Qtrs
Income tax benefit	`IncomeTaxExpenseBenefit`	$-2.95M	USD	1 Quarter
Income tax benefit	`IncomeTaxExpenseBenefit`	$-7.84M	USD	1 Quarter
Income tax benefit	`IncomeTaxExpenseBenefit`	$-1.40M	USD	2 Qtrs
NET LOSS	`NetIncomeLoss`	$-3.70M	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-11.20M	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-1.99M	USD	2 Qtrs
NET LOSS	`NetIncomeLoss`	$-34.89M	USD	2 Qtrs
Basic	`EarningsPerShareBasic`	$-0.13	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$-0.07	USD	2 Qtrs
Basic	`EarningsPerShareBasic`	$-0.40	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$-1.25	USD	2 Qtrs
Diluted	`EarningsPerShareDiluted`	$-0.07	USD	2 Qtrs
Diluted	`EarningsPerShareDiluted`	$-0.13	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$-0.40	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$-1.25	USD	2 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	27.73M	shares	2 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	27.81M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	27.80M	shares	2 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	27.74M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	27.81M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	27.80M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	27.73M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	27.74M	shares	1 Quarter
Cash dividends declared per share	`CommonStockDividendsPerShareDeclared`	$0.07	USD	1 Quarter
Cash dividends declared per share	`CommonStockDividendsPerShareDeclared`	$0.07	USD	1 Quarter
Cash dividends declared per share	`CommonStockDividendsPerShareDeclared`	$0.15	USD	2 Qtrs
Cash dividends declared per share	`CommonStockDividendsPerShareDeclared`	$0.15	USD	2 Qtrs

Cash Flow Statement 63 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-3.70M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-11.20M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.99M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-34.89M	USD	2 Qtrs
Depreciation, depletion and amortization	`DepreciationDepletionAndAmortization`	$32.97M	USD	2 Qtrs
Depreciation, depletion and amortization	`DepreciationDepletionAndAmortization`	$31.99M	USD	2 Qtrs
Gains on asset disposals	`GainLossOnSaleOfOtherAssets`	$-1.43M	USD	2 Qtrs
Gains on asset disposals	`GainLossOnSaleOfOtherAssets`	$-1.55M	USD	2 Qtrs
Deferred income taxes (benefit)	`DeferredIncomeTaxExpenseBenefit`	$756.00K	USD	2 Qtrs
Deferred income taxes (benefit)	`DeferredIncomeTaxExpenseBenefit`	$-22.96M	USD	2 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$2.29M	USD	2 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$2.14M	USD	2 Qtrs
Excess tax benefits from stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$248.00K	USD	2 Qtrs
Loss on debt retirements	`GainsLossesOnExtinguishmentOfDebt`	$-613.00K	USD	1 Quarter
Loss on debt retirements	`GainsLossesOnExtinguishmentOfDebt`	$-29.62M	USD	2 Qtrs
Loss on debt retirements	`GainsLossesOnExtinguishmentOfDebt`	-	USD	2 Qtrs
Other - net	`AdjustmentsNoncashItemsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesOther`	$609.00K	USD	2 Qtrs
Other - net	`AdjustmentsNoncashItemsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesOther`	$-2.85M	USD	2 Qtrs
Receivables - net	`IncreaseDecreaseInReceivables`	$14.02M	USD	2 Qtrs
Receivables - net	`IncreaseDecreaseInReceivables`	$16.11M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$-3.84M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$-10.26M	USD	2 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$1.77M	USD	2 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$1.23M	USD	2 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$1.31M	USD	2 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-4.82M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$10.03M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$39.93M	USD	2 Qtrs
Capital expenditures - expansions	`PaymentsForMajorPlantExpansions`	$-4.54M	USD	2 Qtrs
Capital expenditures - expansions	`PaymentsForMajorPlantExpansions`	$-11.20M	USD	2 Qtrs
Capital expenditures - other	`PaymentsToAcquirePropertyPlantAndEquipment`	$12.20M	USD	2 Qtrs
Capital expenditures - other	`PaymentsToAcquirePropertyPlantAndEquipment`	$2.90M	USD	2 Qtrs
Proceeds from asset disposals	`ProceedsFromSaleOfProductiveAssets`	$1.44M	USD	2 Qtrs
Proceeds from asset disposals	`ProceedsFromSaleOfProductiveAssets`	$3.04M	USD	2 Qtrs
Investments in life insurance contracts	`PaymentsForProceedsFromLifeInsurancePolicies`	$-6.73M	USD	2 Qtrs
Investments in life insurance contracts	`PaymentsForProceedsFromLifeInsurancePolicies`	$-3.70M	USD	2 Qtrs
Other - net	`PaymentsForProceedsFromOtherInvestingActivities`	$859.00K	USD	2 Qtrs
Other - net	`PaymentsForProceedsFromOtherInvestingActivities`	$2.00K	USD	2 Qtrs
Net cash provided (used) by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$725.00K	USD	2 Qtrs
Net cash provided (used) by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-17.52M	USD	2 Qtrs
Long-term borrowings	`ProceedsFromIssuanceOfLongTermDebt`	-	USD	2 Qtrs
Long-term borrowings	`ProceedsFromIssuanceOfLongTermDebt`	$650.00M	USD	2 Qtrs
Debt retirements	`RepaymentsOfLongTermDebtAndCapitalSecurities`	$144.00K	USD	2 Qtrs
Debt retirements	`RepaymentsOfLongTermDebtAndCapitalSecurities`	$561.57M	USD	2 Qtrs
Debt issuance costs	`PaymentsOfDebtIssuanceCosts`	$2.04M	USD	2 Qtrs
Debt issuance costs	`PaymentsOfDebtIssuanceCosts`	$12.43M	USD	2 Qtrs
Stock option exercises	`ProceedsFromStockOptionsExercised`	$356.00K	USD	2 Qtrs
Stock option exercises	`ProceedsFromStockOptionsExercised`	$464.00K	USD	2 Qtrs
Excess tax benefits from stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$248.00K	USD	2 Qtrs
Common dividends paid	`PaymentsOfDividendsCommonStock`	$4.17M	USD	2 Qtrs
Common dividends paid	`PaymentsOfDividendsCommonStock`	$2.08M	USD	2 Qtrs
Net cash provided (used) by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$72.30M	USD	2 Qtrs
Net cash provided (used) by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-3.66M	USD	2 Qtrs
Increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$37.00M	USD	2 Qtrs
Increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$64.81M	USD	2 Qtrs
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$56.79M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$74.95M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$19.80M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$139.75M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$56.79M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$74.95M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$19.80M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$139.75M	USD	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.