10-Q Filing

TEXAS INDUSTRIES INC CIK: 97472 Q2 2012

Filing Information

Form Type	10-Q
Accession Number	`0001193125-12-005100`
Period End Date	20111130
Filing Date	20120106
Fiscal Year	2012
Fiscal Period	Q2
XBRL Instance	txi-20111130.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 69 Income Statement 63 Cash Flow Statement 63

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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$74.95M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$67.46M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$139.75M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$116.43M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$74.95M	USD	Point-in-time
Receivables - net	`ReceivablesNetCurrent`	$85.82M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	27.89M	shares	Point-in-time
Receivables - net	`ReceivablesNetCurrent`	$82.38M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	27.89M	shares	Point-in-time
Inventories	`InventoryNet`	$140.65M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	27.89M	shares	Point-in-time
Inventories	`InventoryNet`	$128.15M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	27.89M	shares	Point-in-time
Deferred income taxes and prepaid expenses	`DeferredIncomeTaxesAndPrepaidExpenses`	$20.53M	USD	Point-in-time
Deferred income taxes and prepaid expenses	`DeferredIncomeTaxesAndPrepaidExpenses`	$22.04M	USD	Point-in-time
TOTAL CURRENT ASSETS	`AssetsCurrent`	$364.94M	USD	Point-in-time
TOTAL CURRENT ASSETS	`AssetsCurrent`	$298.52M	USD	Point-in-time
Land and land improvements	`Land`	$158.23M	USD	Point-in-time
Land and land improvements	`Land`	$180.09M	USD	Point-in-time
Buildings	`BuildingsAndImprovementsGross`	$57.33M	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`	$400.27M	USD	Point-in-time
Construction in progress	`ConstructionInProgressGross`	$357.64M	USD	Point-in-time
TOTAL PROPERTY, PLANT AND EQUIPMENT (Gross)	`PropertyPlantAndEquipmentGross`	$1.85B	USD	Point-in-time
TOTAL PROPERTY, PLANT AND EQUIPMENT (Gross)	`PropertyPlantAndEquipmentGross`	$1.80B	USD	Point-in-time
Less depreciation and depletion	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$642.33M	USD	Point-in-time
Less depreciation and depletion	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$662.19M	USD	Point-in-time
TOTAL PROPERTY, PLANT AND EQUIPMENT	`PropertyPlantAndEquipmentNet`	$1.16B	USD	Point-in-time
TOTAL PROPERTY, PLANT AND EQUIPMENT	`PropertyPlantAndEquipmentNet`	$1.19B	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`	$6.75M	USD	Point-in-time
Real estate and investments	`RealEstateAndInvestments`	$11.47M	USD	Point-in-time
Deferred income taxes and other charges	`DeferredIncomeTaxesAndOtherAssetsNoncurrent`	$22.48M	USD	Point-in-time
Deferred income taxes and other charges	`DeferredIncomeTaxesAndOtherAssetsNoncurrent`	$22.19M	USD	Point-in-time
TOTAL OTHER ASSETS	`OtherAssetsNoncurrent`	$35.67M	USD	Point-in-time
TOTAL OTHER ASSETS	`OtherAssetsNoncurrent`	$30.66M	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`	$56.79M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$57.39M	USD	Point-in-time
Accrued interest, compensation and other	`AccruedLiabilitiesCurrent`	$63.83M	USD	Point-in-time
Accrued interest, compensation and other	`AccruedLiabilitiesCurrent`	$58.85M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$73.00K	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$499.00K	USD	Point-in-time
TOTAL CURRENT LIABILITIES	`LiabilitiesCurrent`	$115.71M	USD	Point-in-time
TOTAL CURRENT LIABILITIES	`LiabilitiesCurrent`	$121.72M	USD	Point-in-time
LONG-TERM DEBT	`LongTermDebtAndCapitalLeaseObligations`	$652.40M	USD	Point-in-time
LONG-TERM DEBT	`LongTermDebtAndCapitalLeaseObligations`	$654.14M	USD	Point-in-time
OTHER CREDITS	`OtherLiabilitiesNoncurrent`	$80.92M	USD	Point-in-time
OTHER CREDITS	`OtherLiabilitiesNoncurrent`	$87.32M	USD	Point-in-time
Common stock, $1 par value; authorized 100,000 shares; issued and outstanding 27,894 and 27,887 shares, respectively	`CommonStockValue`	$27.89M	USD	Point-in-time
Common stock, $1 par value; authorized 100,000 shares; issued and outstanding 27,894 and 27,887 shares, respectively	`CommonStockValue`	$27.89M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$484.45M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$481.71M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$168.20M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$198.75M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-12.28M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-12.76M	USD	Point-in-time
TOTAL SHAREHOLDERS' EQUITY	`StockholdersEquity`	$668.27M	USD	Point-in-time
TOTAL SHAREHOLDERS' EQUITY	`StockholdersEquity`	$695.58M	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 63 line items

Line Item	Tag	Value	Unit	Period
NET SALES	`SalesRevenueGoodsNet`	$320.23M	USD	2 Qtrs
NET SALES	`SalesRevenueGoodsNet`	$337.81M	USD	2 Qtrs
NET SALES	`SalesRevenueGoodsNet`	$148.11M	USD	1 Quarter
NET SALES	`SalesRevenueGoodsNet`	$156.07M	USD	1 Quarter
Cost of products sold	`CostOfGoodsSold`	$136.04M	USD	1 Quarter
Cost of products sold	`CostOfGoodsSold`	$153.32M	USD	1 Quarter
Cost of products sold	`CostOfGoodsSold`	$321.24M	USD	2 Qtrs
Cost of products sold	`CostOfGoodsSold`	$292.06M	USD	2 Qtrs
GROSS PROFIT	`GrossProfit`	$2.75M	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	$12.07M	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	$28.18M	USD	2 Qtrs
GROSS PROFIT	`GrossProfit`	$16.57M	USD	2 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$31.68M	USD	2 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$13.88M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$34.68M	USD	2 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$18.54M	USD	1 Quarter
Restructuring charges	`RestructuringCharges`	$3.22M	USD	2 Qtrs
Restructuring charges	`RestructuringCharges`	$3.22M	USD	1 Quarter
Interest	`InterestExpense`	$13.89M	USD	1 Quarter
Interest	`InterestExpense`	$28.30M	USD	2 Qtrs
Interest	`InterestExpense`	$18.30M	USD	2 Qtrs
Interest	`InterestExpense`	$8.84M	USD	1 Quarter
Loss on debt retirements	`GainsLossesOnExtinguishmentOfDebt`	$-29.62M	USD	2 Qtrs
Loss on debt retirements	`GainsLossesOnExtinguishmentOfDebt`	$-613.00K	USD	1 Quarter
Other income	`OtherOperatingIncome`	$6.82M	USD	2 Qtrs
Other income	`OtherOperatingIncome`	$1.53M	USD	1 Quarter
Other income	`OtherOperatingIncome`	$1.93M	USD	1 Quarter
Other income	`OtherOperatingIncome`	$7.40M	USD	2 Qtrs
TOTAL EXPENSES	`TotalNetExpenses`	$31.11M	USD	1 Quarter
TOTAL EXPENSES	`TotalNetExpenses`	$45.80M	USD	2 Qtrs
TOTAL EXPENSES	`TotalNetExpenses`	$24.40M	USD	1 Quarter
TOTAL EXPENSES	`TotalNetExpenses`	$85.78M	USD	2 Qtrs
LOSS BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-57.61M	USD	2 Qtrs
LOSS BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-19.05M	USD	1 Quarter
LOSS BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-21.66M	USD	1 Quarter
LOSS BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-29.23M	USD	2 Qtrs
Income tax benefit	`IncomeTaxExpenseBenefit`	$-7.84M	USD	1 Quarter
Income tax benefit	`IncomeTaxExpenseBenefit`	$-621.00K	USD	1 Quarter
Income tax benefit	`IncomeTaxExpenseBenefit`	$-768.00K	USD	2 Qtrs
Income tax benefit	`IncomeTaxExpenseBenefit`	$-22.71M	USD	2 Qtrs
NET LOSS	`NetIncomeLoss`	$-34.89M	USD	2 Qtrs
NET LOSS	`NetIncomeLoss`	$-11.20M	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-21.04M	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-28.46M	USD	2 Qtrs
Basic	`EarningsPerShareBasic`	$-1.25	USD	2 Qtrs
Basic	`EarningsPerShareBasic`	$-1.02	USD	2 Qtrs
Basic	`EarningsPerShareBasic`	$-0.40	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$-0.75	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$-0.40	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$-1.25	USD	2 Qtrs
Diluted	`EarningsPerShareDiluted`	$-1.02	USD	2 Qtrs
Diluted	`EarningsPerShareDiluted`	$-0.75	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	27.80M	shares	2 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	27.88M	shares	2 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	27.88M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	27.81M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	27.80M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	27.88M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	27.88M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	27.81M	shares	1 Quarter
Cash dividends declared per share	`CommonStockDividendsPerShareDeclared`	$0.07	USD	1 Quarter
Cash dividends declared per share	`CommonStockDividendsPerShareDeclared`	$0.07	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`	$-34.89M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-11.20M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-21.04M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-28.46M	USD	2 Qtrs
Depreciation, depletion and amortization	`DepreciationDepletionAndAmortization`	$16.13M	USD	1 Quarter
Depreciation, depletion and amortization	`DepreciationDepletionAndAmortization`	$31.39M	USD	2 Qtrs
Depreciation, depletion and amortization	`DepreciationDepletionAndAmortization`	$31.99M	USD	2 Qtrs
Depreciation, depletion and amortization	`DepreciationDepletionAndAmortization`	$15.40M	USD	1 Quarter
Gains on asset disposals	`GainLossOnSaleOfOtherAssets`	$-2.75M	USD	2 Qtrs
Gains on asset disposals	`GainLossOnSaleOfOtherAssets`	$-1.55M	USD	2 Qtrs
Deferred income tax benefit	`DeferredIncomeTaxExpenseBenefit`	$-22.96M	USD	2 Qtrs
Deferred income tax benefit	`DeferredIncomeTaxExpenseBenefit`	$-945.00K	USD	2 Qtrs
Stock-based compensation expense (credit)	`ShareBasedCompensation`	$-1.23M	USD	2 Qtrs
Stock-based compensation expense (credit)	`ShareBasedCompensation`	$2.29M	USD	2 Qtrs
Loss on debt retirements	`GainsLossesOnExtinguishmentOfDebt`	$-29.62M	USD	2 Qtrs
Loss on debt retirements	`GainsLossesOnExtinguishmentOfDebt`	$-613.00K	USD	1 Quarter
Other - net	`AdjustmentsNoncashItemsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$-5.18M	USD	2 Qtrs
Other - net	`AdjustmentsNoncashItemsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$-2.85M	USD	2 Qtrs
Receivables - net	`IncreaseDecreaseInReceivables`	$-3.70M	USD	2 Qtrs
Receivables - net	`IncreaseDecreaseInReceivables`	$-16.11M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$-12.19M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$10.26M	USD	2 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-2.85M	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`	$930.00K	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$10.03M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$12.49M	USD	2 Qtrs
Capital expenditures - expansions	`PaymentsForMajorPlantExpansions`	$-11.20M	USD	2 Qtrs
Capital expenditures - expansions	`PaymentsForMajorPlantExpansions`	$-35.97M	USD	2 Qtrs
Capital expenditures - other	`PaymentsToAcquirePropertyPlantAndEquipment`	$26.30M	USD	2 Qtrs
Capital expenditures - other	`PaymentsToAcquirePropertyPlantAndEquipment`	$12.20M	USD	2 Qtrs
Proceeds from asset disposals	`ProceedsFromSaleOfProductiveAssets`	$1.65M	USD	2 Qtrs
Proceeds from asset disposals	`ProceedsFromSaleOfProductiveAssets`	$3.04M	USD	2 Qtrs
Investments in life insurance contracts	`PaymentsForProceedsFromLifeInsurancePolicies`	$-3.70M	USD	2 Qtrs
Investments in life insurance contracts	`PaymentsForProceedsFromLifeInsurancePolicies`	$-2.99M	USD	2 Qtrs
Other - net	`PaymentsForProceedsFromOtherInvestingActivities`	$128.00K	USD	2 Qtrs
Other - net	`PaymentsForProceedsFromOtherInvestingActivities`	$859.00K	USD	2 Qtrs
Net cash used by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-57.76M	USD	2 Qtrs
Net cash used by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-17.52M	USD	2 Qtrs
Long-term borrowings	`ProceedsFromIssuanceOfLongTermDebt`	$650.00M	USD	2 Qtrs
Debt retirements	`RepaymentsOfLongTermDebtAndCapitalSecurities`	$36.00K	USD	2 Qtrs
Debt retirements	`RepaymentsOfLongTermDebtAndCapitalSecurities`	$561.57M	USD	2 Qtrs
Debt issuance costs	`PaymentsOfDebtIssuanceCosts`	$1.73M	USD	2 Qtrs
Debt issuance costs	`PaymentsOfDebtIssuanceCosts`	$12.43M	USD	2 Qtrs
Stock option exercises	`ProceedsFromStockOptionsExercised`	$464.00K	USD	2 Qtrs
Stock option exercises	`ProceedsFromStockOptionsExercised`	$158.00K	USD	2 Qtrs
Common dividends paid	`PaymentsOfDividendsCommonStock`	$2.09M	USD	2 Qtrs
Common dividends paid	`PaymentsOfDividendsCommonStock`	$4.17M	USD	2 Qtrs
Net cash provided (used) by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-3.70M	USD	2 Qtrs
Net cash provided (used) by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$72.30M	USD	2 Qtrs
Increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-48.97M	USD	2 Qtrs
Increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$64.81M	USD	2 Qtrs
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$74.95M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$67.46M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$139.75M	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`	$74.95M	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`	$67.46M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$139.75M	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`	$74.95M	USD	Point-in-time

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