10-Q Filing

TEXAS INDUSTRIES INC CIK: 97472 Q3 2011

Filing Information

Form Type	10-Q
Accession Number	`0001193125-11-077931`
Period End Date	20110228
Filing Date	20110325
Fiscal Year	2011
Fiscal Period	Q3
XBRL Instance	txi-20110228.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 68 Income Statement 61 Cash Flow Statement 60

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
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$123.36M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$74.95M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$75.61M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$19.80M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Receivables - net	`ReceivablesNetCurrent`	$70.00M	USD	Point-in-time
Receivables - net	`ReceivablesNetCurrent`	$112.18M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	27.88M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	27.80M	shares	Point-in-time
Inventories	`InventoryNet`	$143.34M	USD	Point-in-time
Inventories	`InventoryNet`	$142.42M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	27.88M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	27.80M	shares	Point-in-time
Deferred income taxes and prepaid expenses	`DeferredIncomeTaxesAndPrepaidExpenses`	$22.77M	USD	Point-in-time
Deferred income taxes and prepaid expenses	`DeferredIncomeTaxesAndPrepaidExpenses`	$23.43M	USD	Point-in-time
TOTAL CURRENT ASSETS	`AssetsCurrent`	$352.98M	USD	Point-in-time
TOTAL CURRENT ASSETS	`AssetsCurrent`	$359.48M	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`	$58.35M	USD	Point-in-time
Buildings	`BuildingsAndImprovementsGross`	$58.95M	USD	Point-in-time
Machinery and equipment	`MachineryAndEquipmentGross`	$1.22B	USD	Point-in-time
Machinery and equipment	`MachineryAndEquipmentGross`	$1.23B	USD	Point-in-time
Construction in progress	`ConstructionInProgressGross`	$322.04M	USD	Point-in-time
Construction in progress	`ConstructionInProgressGross`	$343.68M	USD	Point-in-time
TOTAL PROPERTY, PLANT AND EQUIPMENT (Gross)	`PropertyPlantAndEquipmentGross`	$1.76B	USD	Point-in-time
TOTAL PROPERTY, PLANT AND EQUIPMENT (Gross)	`PropertyPlantAndEquipmentGross`	$1.79B	USD	Point-in-time
Less depreciation and depletion	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$604.27M	USD	Point-in-time
Less depreciation and depletion	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$646.84M	USD	Point-in-time
TOTAL PROPERTY, PLANT AND EQUIPMENT	`PropertyPlantAndEquipmentNet`	$1.14B	USD	Point-in-time
TOTAL PROPERTY, PLANT AND EQUIPMENT	`PropertyPlantAndEquipmentNet`	$1.15B	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`	$6.77M	USD	Point-in-time
Real estate and investments	`RealEstateAndInvestments`	$7.01M	USD	Point-in-time
Deferred charges and other	`DeferredCosts`	$20.31M	USD	Point-in-time
Deferred charges and other	`DeferredCosts`	$15.77M	USD	Point-in-time
TOTAL OTHER ASSETS	`OtherAssetsNoncurrent`	$29.04M	USD	Point-in-time
TOTAL OTHER ASSETS	`OtherAssetsNoncurrent`	$24.26M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$1.53B	USD	Point-in-time
TOTAL ASSETS	`Assets`	$1.53B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$56.21M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$43.27M	USD	Point-in-time
Accrued interest, compensation and other	`AccruedLiabilitiesCurrent`	$40.09M	USD	Point-in-time
Accrued interest, compensation and other	`AccruedLiabilitiesCurrent`	$51.45M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$72.00K	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$234.00K	USD	Point-in-time
TOTAL CURRENT LIABILITIES	`LiabilitiesCurrent`	$83.42M	USD	Point-in-time
TOTAL CURRENT LIABILITIES	`LiabilitiesCurrent`	$107.90M	USD	Point-in-time
LONG-TERM DEBT	`LongTermDebtAndCapitalLeaseObligations`	$652.42M	USD	Point-in-time
LONG-TERM DEBT	`LongTermDebtAndCapitalLeaseObligations`	$538.62M	USD	Point-in-time
DEFERRED INCOME TAXES AND OTHER CREDITS	`DeferredIncomeTaxesAndOtherCredits`	$123.98M	USD	Point-in-time
DEFERRED INCOME TAXES AND OTHER CREDITS	`DeferredIncomeTaxesAndOtherCredits`	$89.18M	USD	Point-in-time
Common stock, $1 par value; authorized 100,000 shares; issued and outstanding 27,875 and 27,796 shares, respectively	`CommonStockValue`	$27.88M	USD	Point-in-time
Common stock, $1 par value; authorized 100,000 shares; issued and outstanding 27,875 and 27,796 shares, respectively	`CommonStockValue`	$27.80M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$480.11M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$475.58M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$209.93M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$272.02M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-13.24M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-14.15M	USD	Point-in-time
TOTAL SHAREHOLDERS' EQUITY	`StockholdersEquity`	$761.25M	USD	Point-in-time
TOTAL SHAREHOLDERS' EQUITY	`StockholdersEquity`	$704.67M	USD	Point-in-time
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$1.53B	USD	Point-in-time
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$1.53B	USD	Point-in-time

Income Statement 61 line items

Line Item	Tag	Value	Unit	Period
NET SALES	`SalesRevenueGoodsNet`	$117.83M	USD	1 Quarter
NET SALES	`SalesRevenueGoodsNet`	$125.82M	USD	1 Quarter
NET SALES	`SalesRevenueGoodsNet`	$446.05M	USD	3 Qtrs
NET SALES	`SalesRevenueGoodsNet`	$444.72M	USD	3 Qtrs
Cost of products sold	`CostOfGoodsSold`	$427.24M	USD	3 Qtrs
Cost of products sold	`CostOfGoodsSold`	$135.18M	USD	1 Quarter
Cost of products sold	`CostOfGoodsSold`	$407.04M	USD	3 Qtrs
Cost of products sold	`CostOfGoodsSold`	$131.13M	USD	1 Quarter
GROSS PROFIT (LOSS)	`GrossProfit`	$-9.36M	USD	1 Quarter
GROSS PROFIT (LOSS)	`GrossProfit`	$37.68M	USD	3 Qtrs
GROSS PROFIT (LOSS)	`GrossProfit`	$18.81M	USD	3 Qtrs
GROSS PROFIT (LOSS)	`GrossProfit`	$-13.30M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$17.57M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$52.00M	USD	3 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$17.32M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$53.71M	USD	3 Qtrs
Interest	`InterestExpense`	$37.97M	USD	3 Qtrs
Interest	`InterestExpense`	$13.64M	USD	1 Quarter
Interest	`InterestExpense`	$9.67M	USD	1 Quarter
Interest	`InterestExpense`	$40.25M	USD	3 Qtrs
Loss on debt retirements	`GainsLossesOnExtinguishmentOfDebt`	$-29.62M	USD	3 Qtrs
Other income	`OtherOperatingIncome`	$1.11M	USD	1 Quarter
Other income	`OtherOperatingIncome`	$1.04M	USD	1 Quarter
Other income	`OtherOperatingIncome`	$9.42M	USD	3 Qtrs
Other income	`OtherOperatingIncome`	$7.93M	USD	3 Qtrs
TOTAL EXPENSES	`TotalNetExpenses`	$30.17M	USD	1 Quarter
TOTAL EXPENSES	`TotalNetExpenses`	$111.66M	USD	3 Qtrs
TOTAL EXPENSES	`TotalNetExpenses`	$84.53M	USD	3 Qtrs
TOTAL EXPENSES	`TotalNetExpenses`	$25.87M	USD	1 Quarter
LOSS BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-46.85M	USD	3 Qtrs
LOSS BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-43.46M	USD	1 Quarter
LOSS BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-35.23M	USD	1 Quarter
LOSS BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-92.84M	USD	3 Qtrs
Income tax benefit	`IncomeTaxExpenseBenefit`	$-14.30M	USD	1 Quarter
Income tax benefit	`IncomeTaxExpenseBenefit`	$-37.01M	USD	3 Qtrs
Income tax benefit	`IncomeTaxExpenseBenefit`	$-17.76M	USD	3 Qtrs
Income tax benefit	`IncomeTaxExpenseBenefit`	$-16.36M	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-20.93M	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-27.11M	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-55.83M	USD	3 Qtrs
NET LOSS	`NetIncomeLoss`	$-29.09M	USD	3 Qtrs
Basic	`EarningsPerShareBasic`	$-0.75	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$-0.98	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$-1.05	USD	3 Qtrs
Basic	`EarningsPerShareBasic`	$-2.01	USD	3 Qtrs
Diluted	`EarningsPerShareDiluted`	$-0.98	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$-1.05	USD	3 Qtrs
Diluted	`EarningsPerShareDiluted`	$-0.75	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$-2.01	USD	3 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	27.75M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	27.73M	shares	3 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	27.84M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	27.81M	shares	3 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	27.73M	shares	3 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	27.81M	shares	3 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	27.75M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	27.84M	shares	1 Quarter
Cash dividends declared per share	`CommonStockDividendsPerShareDeclared`	$0.23	USD	3 Qtrs
Cash dividends declared per share	`CommonStockDividendsPerShareDeclared`	$0.07	USD	1 Quarter
Cash dividends declared per share	`CommonStockDividendsPerShareDeclared`	$0.23	USD	3 Qtrs
Cash dividends declared per share	`CommonStockDividendsPerShareDeclared`	$0.07	USD	1 Quarter

Cash Flow Statement 60 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-20.93M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-27.11M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-55.83M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-29.09M	USD	3 Qtrs
Depreciation, depletion and amortization	`DepreciationDepletionAndAmortization`	$48.11M	USD	3 Qtrs
Depreciation, depletion and amortization	`DepreciationDepletionAndAmortization`	$49.26M	USD	3 Qtrs
Gains on asset disposals	`GainLossOnSaleOfOtherAssets`	$-1.46M	USD	3 Qtrs
Gains on asset disposals	`GainLossOnSaleOfOtherAssets`	$-1.32M	USD	3 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-37.66M	USD	3 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-10.99M	USD	3 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$3.73M	USD	3 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$4.27M	USD	3 Qtrs
Excess tax benefits from stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$234.00K	USD	3 Qtrs
Loss on debt retirements	`GainsLossesOnExtinguishmentOfDebt`	$-29.62M	USD	3 Qtrs
Other - net	`AdjustmentsNoncashItemsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesOther`	$3.10M	USD	3 Qtrs
Other - net	`AdjustmentsNoncashItemsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesOther`	$-2.26M	USD	3 Qtrs
Receivables - net	`IncreaseDecreaseInReceivables`	$-25.86M	USD	3 Qtrs
Receivables - net	`IncreaseDecreaseInReceivables`	$-29.81M	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$-14.10M	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$922.00K	USD	3 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-1.75M	USD	3 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-2.50M	USD	3 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-9.31M	USD	3 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-7.98M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$8.21M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$46.86M	USD	3 Qtrs
Capital expenditures - expansions	`PaymentsForMajorPlantExpansions`	$-23.51M	USD	3 Qtrs
Capital expenditures - expansions	`PaymentsForMajorPlantExpansions`	$-5.30M	USD	3 Qtrs
Capital expenditures - other	`PaymentsToAcquirePropertyPlantAndEquipment`	$15.44M	USD	3 Qtrs
Capital expenditures - other	`PaymentsToAcquirePropertyPlantAndEquipment`	$6.42M	USD	3 Qtrs
Proceeds from asset disposals	`ProceedsFromSaleOfProductiveAssets`	$21.57M	USD	3 Qtrs
Proceeds from asset disposals	`ProceedsFromSaleOfProductiveAssets`	$3.24M	USD	3 Qtrs
Investments in life insurance contracts	`PaymentsForProceedsFromLifeInsurancePolicies`	$-3.89M	USD	3 Qtrs
Investments in life insurance contracts	`PaymentsForProceedsFromLifeInsurancePolicies`	$-6.93M	USD	3 Qtrs
Other - net	`PaymentsForProceedsFromOtherInvestingActivities`	$-1.23M	USD	3 Qtrs
Other - net	`PaymentsForProceedsFromOtherInvestingActivities`	$-14.00K	USD	3 Qtrs
Net cash provided (used) by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$16.79M	USD	3 Qtrs
Net cash provided (used) by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-30.58M	USD	3 Qtrs
Long-term borrowings	`ProceedsFromIssuanceOfLongTermDebt`	$650.00M	USD	3 Qtrs
Debt retirements	`RepaymentsOfLongTermDebtAndCapitalSecurities`	$561.61M	USD	3 Qtrs
Debt retirements	`RepaymentsOfLongTermDebtAndCapitalSecurities`	$276.00K	USD	3 Qtrs
Debt issuance costs	`PaymentsOfDebtIssuanceCosts`	$2.04M	USD	3 Qtrs
Debt issuance costs	`PaymentsOfDebtIssuanceCosts`	$12.48M	USD	3 Qtrs
Stock option exercises	`ProceedsFromStockOptionsExercised`	$499.00K	USD	3 Qtrs
Stock option exercises	`ProceedsFromStockOptionsExercised`	$1.14M	USD	3 Qtrs
Excess tax benefits from stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$234.00K	USD	3 Qtrs
Common dividends paid	`PaymentsOfDividendsCommonStock`	$6.26M	USD	3 Qtrs
Common dividends paid	`PaymentsOfDividendsCommonStock`	$6.24M	USD	3 Qtrs
Net cash provided (used) by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-7.83M	USD	3 Qtrs
Net cash provided (used) by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$70.79M	USD	3 Qtrs
Increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$48.42M	USD	3 Qtrs
Increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$55.82M	USD	3 Qtrs
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$123.36M	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`	$75.61M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$19.80M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$123.36M	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`	$75.61M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$19.80M	USD	Point-in-time

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