10-Q Filing

TEXAS INDUSTRIES INC CIK: 97472 Q1 2012

Filing Information

Form Type	10-Q
Accession Number	`0001193125-11-261302`
Period End Date	20110831
Filing Date	20110930
Fiscal Year	2012
Fiscal Period	Q1
XBRL Instance	txi-20110831.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 69 Income Statement 31 Cash Flow Statement 57

Balance Sheet 69 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`	$60.60M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$162.43M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$74.95M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$116.43M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$116.43M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	27.89M	shares	Point-in-time
Receivables - net	`ReceivablesNetCurrent`	$94.62M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	27.89M	shares	Point-in-time
Receivables - net	`ReceivablesNetCurrent`	$85.82M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	27.89M	shares	Point-in-time
Inventories	`InventoryNet`	$139.75M	USD	Point-in-time
Inventories	`InventoryNet`	$140.65M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	27.89M	shares	Point-in-time
Deferred income taxes and prepaid expenses	`DeferredIncomeTaxesAndPrepaidExpenses`	$22.04M	USD	Point-in-time
Deferred income taxes and prepaid expenses	`DeferredIncomeTaxesAndPrepaidExpenses`	$21.00M	USD	Point-in-time
TOTAL CURRENT ASSETS	`AssetsCurrent`	$315.97M	USD	Point-in-time
TOTAL CURRENT ASSETS	`AssetsCurrent`	$364.94M	USD	Point-in-time
Land and land improvements	`Land`	$158.23M	USD	Point-in-time
Land and land improvements	`Land`	$179.12M	USD	Point-in-time
Buildings	`BuildingsAndImprovementsGross`	$57.95M	USD	Point-in-time
Buildings	`BuildingsAndImprovementsGross`	$59.32M	USD	Point-in-time
Machinery and equipment	`MachineryAndEquipmentGross`	$1.22B	USD	Point-in-time
Machinery and equipment	`MachineryAndEquipmentGross`	$1.22B	USD	Point-in-time
Construction in progress	`ConstructionInProgressGross`	$374.10M	USD	Point-in-time
Construction in progress	`ConstructionInProgressGross`	$357.64M	USD	Point-in-time
TOTAL PROPERTY, PLANT AND EQUIPMENT (Gross)	`PropertyPlantAndEquipmentGross`	$1.80B	USD	Point-in-time
TOTAL PROPERTY, PLANT AND EQUIPMENT (Gross)	`PropertyPlantAndEquipmentGross`	$1.83B	USD	Point-in-time
Less depreciation and depletion	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$642.33M	USD	Point-in-time
Less depreciation and depletion	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$649.97M	USD	Point-in-time
TOTAL PROPERTY, PLANT AND EQUIPMENT	`PropertyPlantAndEquipmentNet`	$1.18B	USD	Point-in-time
TOTAL PROPERTY, PLANT AND EQUIPMENT	`PropertyPlantAndEquipmentNet`	$1.16B	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`	$6.45M	USD	Point-in-time
Real estate and investments	`RealEstateAndInvestments`	$6.75M	USD	Point-in-time
Deferred income taxes and other charges	`DeferredIncomeTaxesAndOtherAssetsNoncurrent`	$24.03M	USD	Point-in-time
Deferred income taxes and other charges	`DeferredIncomeTaxesAndOtherAssetsNoncurrent`	$22.19M	USD	Point-in-time
TOTAL OTHER ASSETS	`OtherAssetsNoncurrent`	$30.66M	USD	Point-in-time
TOTAL OTHER ASSETS	`OtherAssetsNoncurrent`	$32.19M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$1.53B	USD	Point-in-time
TOTAL ASSETS	`Assets`	$1.55B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$54.32M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$56.79M	USD	Point-in-time
Accrued interest, compensation and other	`AccruedLiabilitiesCurrent`	$49.29M	USD	Point-in-time
Accrued interest, compensation and other	`AccruedLiabilitiesCurrent`	$58.85M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$74.00K	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$73.00K	USD	Point-in-time
TOTAL CURRENT LIABILITIES	`LiabilitiesCurrent`	$103.68M	USD	Point-in-time
TOTAL CURRENT LIABILITIES	`LiabilitiesCurrent`	$115.71M	USD	Point-in-time
LONG-TERM DEBT	`LongTermDebtAndCapitalLeaseObligations`	$652.40M	USD	Point-in-time
LONG-TERM DEBT	`LongTermDebtAndCapitalLeaseObligations`	$652.38M	USD	Point-in-time
OTHER CREDITS	`OtherLiabilitiesNoncurrent`	$87.32M	USD	Point-in-time
OTHER CREDITS	`OtherLiabilitiesNoncurrent`	$85.22M	USD	Point-in-time
Common stock, $1 par value; authorized 100,000 shares; issued and outstanding 27,890 and 27,887 shares, respectively	`CommonStockValue`	$27.89M	USD	Point-in-time
Common stock, $1 par value; authorized 100,000 shares; issued and outstanding 27,890 and 27,887 shares, respectively	`CommonStockValue`	$27.89M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$483.06M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$481.71M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$189.24M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$198.75M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-12.52M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-12.76M	USD	Point-in-time
TOTAL SHAREHOLDERS' EQUITY	`StockholdersEquity`	$695.58M	USD	Point-in-time
TOTAL SHAREHOLDERS' EQUITY	`StockholdersEquity`	$687.66M	USD	Point-in-time
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$1.53B	USD	Point-in-time
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$1.55B	USD	Point-in-time

Income Statement 31 line items

Line Item	Tag	Value	Unit	Period
NET SALES	`SalesRevenueGoodsNet`	$172.12M	USD	1 Quarter
NET SALES	`SalesRevenueGoodsNet`	$181.74M	USD	1 Quarter
Cost of products sold	`CostOfGoodsSold`	$167.91M	USD	1 Quarter
Cost of products sold	`CostOfGoodsSold`	$156.01M	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	$16.11M	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	$13.82M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$16.14M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$17.80M	USD	1 Quarter
Interest	`InterestExpense`	$14.41M	USD	1 Quarter
Interest	`InterestExpense`	$9.46M	USD	1 Quarter
Loss on debt retirements	`GainsLossesOnExtinguishmentOfDebt`	$-29.01M	USD	1 Quarter
Other income	`OtherOperatingIncome`	$4.89M	USD	1 Quarter
Other income	`OtherOperatingIncome`	$5.87M	USD	1 Quarter
TOTAL EXPENSES	`TotalNetExpenses`	$21.39M	USD	1 Quarter
TOTAL EXPENSES	`TotalNetExpenses`	$54.67M	USD	1 Quarter
LOSS BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-7.57M	USD	1 Quarter
LOSS BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-38.56M	USD	1 Quarter
Income tax benefit	`IncomeTaxExpenseBenefit`	$-147.00K	USD	1 Quarter
Income tax benefit	`IncomeTaxExpenseBenefit`	$-14.87M	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-7.42M	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-23.69M	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$-0.85	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$-0.27	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$-0.85	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$-0.27	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	27.87M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	27.79M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	27.79M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	27.87M	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 Flow Statement 57 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-7.42M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-23.69M	USD	1 Quarter
Depreciation, depletion and amortization	`DepreciationDepletionAndAmortization`	$15.86M	USD	1 Quarter
Depreciation, depletion and amortization	`DepreciationDepletionAndAmortization`	$15.98M	USD	1 Quarter
Gains on asset disposals	`GainLossOnSaleOfOtherAssets`	$-1.61M	USD	1 Quarter
Gains on asset disposals	`GainLossOnSaleOfOtherAssets`	$-2.37M	USD	1 Quarter
Deferred income tax benefit	`DeferredIncomeTaxExpenseBenefit`	$-14.97M	USD	1 Quarter
Deferred income tax benefit	`DeferredIncomeTaxExpenseBenefit`	$-241.00K	USD	1 Quarter
Stock-based compensation expense (credit)	`ShareBasedCompensation`	$-230.00K	USD	1 Quarter
Stock-based compensation expense (credit)	`ShareBasedCompensation`	$107.00K	USD	1 Quarter
Loss on debt retirements	`GainsLossesOnExtinguishmentOfDebt`	$-29.01M	USD	1 Quarter
Other - net	`AdjustmentsNoncashItemsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$2.19M	USD	1 Quarter
Other - net	`AdjustmentsNoncashItemsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$-1.57M	USD	1 Quarter
Receivables - net	`IncreaseDecreaseInReceivables`	$8.67M	USD	1 Quarter
Receivables - net	`IncreaseDecreaseInReceivables`	$-4.41M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$6.32M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-894.00K	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-1.73M	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-1.30M	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-7.28M	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-5.81M	USD	1 Quarter
Net cash used by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-7.37M	USD	1 Quarter
Net cash used by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.34M	USD	1 Quarter
Capital expenditures - expansions	`PaymentsForMajorPlantExpansions`	$-25.22M	USD	1 Quarter
Capital expenditures - expansions	`PaymentsForMajorPlantExpansions`	$-1.37M	USD	1 Quarter
Capital expenditures - other	`PaymentsToAcquirePropertyPlantAndEquipment`	$20.37M	USD	1 Quarter
Capital expenditures - other	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.78M	USD	1 Quarter
Proceeds from asset disposals	`ProceedsFromSaleOfProductiveAssets`	$3.21M	USD	1 Quarter
Proceeds from asset disposals	`ProceedsFromSaleOfProductiveAssets`	$863.00K	USD	1 Quarter
Investments in life insurance contracts	`PaymentsForProceedsFromLifeInsurancePolicies`	$-327.00K	USD	1 Quarter
Other - net	`PaymentsForProceedsFromOtherInvestingActivities`	$82.00K	USD	1 Quarter
Other - net	`PaymentsForProceedsFromOtherInvestingActivities`	$-292.00K	USD	1 Quarter
Net cash provided (used) by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-44.81M	USD	1 Quarter
Net cash provided (used) by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$672.00K	USD	1 Quarter
Long-term borrowings	`ProceedsFromIssuanceOfLongTermDebt`	$650.00M	USD	1 Quarter
Debt retirements	`RepaymentsOfLongTermDebtAndCapitalSecurities`	$18.00K	USD	1 Quarter
Debt retirements	`RepaymentsOfLongTermDebtAndCapitalSecurities`	$547.74M	USD	1 Quarter
Debt issuance costs	`PaymentsOfDebtIssuanceCosts`	$1.63M	USD	1 Quarter
Debt issuance costs	`PaymentsOfDebtIssuanceCosts`	$12.25M	USD	1 Quarter
Stock option exercises	`ProceedsFromStockOptionsExercised`	$225.00K	USD	1 Quarter
Stock option exercises	`ProceedsFromStockOptionsExercised`	$78.00K	USD	1 Quarter
Common dividends paid	`PaymentsOfDividendsCommonStock`	$2.08M	USD	1 Quarter
Common dividends paid	`PaymentsOfDividendsCommonStock`	$2.09M	USD	1 Quarter
Net cash provided (used) by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$88.15M	USD	1 Quarter
Net cash provided (used) by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-3.66M	USD	1 Quarter
Increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$87.48M	USD	1 Quarter
Increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-55.83M	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$60.60M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$162.43M	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`	$116.43M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$116.43M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$60.60M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$162.43M	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`	$116.43M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$116.43M	USD	Point-in-time

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