10-Q Filing

TEXAS INDUSTRIES INC CIK: 97472 Q3 2012

Filing Information

Form Type	10-Q
Accession Number	`0001193125-12-143254`
Period End Date	20120229
Filing Date	20120330
Fiscal Year	2012
Fiscal Period	Q3
XBRL Instance	txi-20120229.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 68 Income Statement 64 Cash Flow Statement 61

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`	$116.43M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$123.36M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$74.95M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$27.16M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Receivables - net	`ReceivablesNetCurrent`	$78.60M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	27.98M	shares	Point-in-time
Receivables - net	`ReceivablesNetCurrent`	$85.82M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	27.89M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	27.98M	shares	Point-in-time
Inventories	`InventoryNet`	$130.29M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	27.89M	shares	Point-in-time
Inventories	`InventoryNet`	$140.65M	USD	Point-in-time
Deferred income taxes and prepaid expenses	`DeferredIncomeTaxesAndPrepaidExpenses`	$22.04M	USD	Point-in-time
Deferred income taxes and prepaid expenses	`DeferredIncomeTaxesAndPrepaidExpenses`	$21.40M	USD	Point-in-time
TOTAL CURRENT ASSETS	`AssetsCurrent`	$257.44M	USD	Point-in-time
TOTAL CURRENT ASSETS	`AssetsCurrent`	$364.94M	USD	Point-in-time
Land and land improvements	`Land`	$179.76M	USD	Point-in-time
Land and land improvements	`Land`	$158.23M	USD	Point-in-time
Buildings	`BuildingsAndImprovementsGross`	$59.32M	USD	Point-in-time
Buildings	`BuildingsAndImprovementsGross`	$56.74M	USD	Point-in-time
Machinery and equipment	`MachineryAndEquipmentGross`	$1.21B	USD	Point-in-time
Machinery and equipment	`MachineryAndEquipmentGross`	$1.22B	USD	Point-in-time
Construction in progress	`ConstructionInProgressGross`	$357.64M	USD	Point-in-time
Construction in progress	`ConstructionInProgressGross`	$417.65M	USD	Point-in-time
TOTAL PROPERTY, PLANT AND EQUIPMENT (Gross)	`PropertyPlantAndEquipmentGross`	$1.80B	USD	Point-in-time
TOTAL PROPERTY, PLANT AND EQUIPMENT (Gross)	`PropertyPlantAndEquipmentGross`	$1.87B	USD	Point-in-time
Less depreciation and depletion	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$642.33M	USD	Point-in-time
Less depreciation and depletion	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$670.03M	USD	Point-in-time
TOTAL PROPERTY, PLANT AND EQUIPMENT	`PropertyPlantAndEquipmentNet`	$1.19B	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`	$11.04M	USD	Point-in-time
Real estate and investments	`RealEstateAndInvestments`	$6.75M	USD	Point-in-time
Deferred income taxes and other charges	`DeferredIncomeTaxesAndOtherAssetsNoncurrent`	$21.57M	USD	Point-in-time
Deferred income taxes and other charges	`DeferredIncomeTaxesAndOtherAssetsNoncurrent`	$22.19M	USD	Point-in-time
TOTAL OTHER ASSETS	`OtherAssetsNoncurrent`	$34.33M	USD	Point-in-time
TOTAL OTHER ASSETS	`OtherAssetsNoncurrent`	$30.66M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$1.49B	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`	$60.76M	USD	Point-in-time
Accrued interest, compensation and other	`AccruedLiabilitiesCurrent`	$43.19M	USD	Point-in-time
Accrued interest, compensation and other	`AccruedLiabilitiesCurrent`	$58.85M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$486.00K	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$73.00K	USD	Point-in-time
TOTAL CURRENT LIABILITIES	`LiabilitiesCurrent`	$104.43M	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`	$654.01M	USD	Point-in-time
OTHER CREDITS	`OtherLiabilitiesNoncurrent`	$87.32M	USD	Point-in-time
OTHER CREDITS	`OtherLiabilitiesNoncurrent`	$81.28M	USD	Point-in-time
Common stock, $1 par value; authorized 100,000 shares; issued and outstanding 27,978 and 27,887 shares, respectively	`CommonStockValue`	$27.98M	USD	Point-in-time
Common stock, $1 par value; authorized 100,000 shares; issued and outstanding 27,978 and 27,887 shares, respectively	`CommonStockValue`	$27.89M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$481.71M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$487.18M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$198.75M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$143.92M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-12.04M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-12.76M	USD	Point-in-time
TOTAL SHAREHOLDERS' EQUITY	`StockholdersEquity`	$647.04M	USD	Point-in-time
TOTAL SHAREHOLDERS' EQUITY	`StockholdersEquity`	$695.58M	USD	Point-in-time
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$1.55B	USD	Point-in-time
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$1.49B	USD	Point-in-time

Income Statement 64 line items

Line Item	Tag	Value	Unit	Period
NET SALES	`SalesRevenueGoodsNet`	$446.05M	USD	3 Qtrs
NET SALES	`SalesRevenueGoodsNet`	$125.82M	USD	1 Quarter
NET SALES	`SalesRevenueGoodsNet`	$472.45M	USD	3 Qtrs
NET SALES	`SalesRevenueGoodsNet`	$134.64M	USD	1 Quarter
Cost of products sold	`CostOfGoodsSold`	$427.24M	USD	3 Qtrs
Cost of products sold	`CostOfGoodsSold`	$455.13M	USD	3 Qtrs
Cost of products sold	`CostOfGoodsSold`	$133.89M	USD	1 Quarter
Cost of products sold	`CostOfGoodsSold`	$135.18M	USD	1 Quarter
GROSS PROFIT (LOSS)	`GrossProfit`	$-9.36M	USD	1 Quarter
GROSS PROFIT (LOSS)	`GrossProfit`	$17.32M	USD	3 Qtrs
GROSS PROFIT (LOSS)	`GrossProfit`	$745.00K	USD	1 Quarter
GROSS PROFIT (LOSS)	`GrossProfit`	$18.81M	USD	3 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$50.07M	USD	3 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$18.39M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$52.00M	USD	3 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$17.32M	USD	1 Quarter
Restructuring charges	`RestructuringCharges`	-	USD	1 Quarter
Restructuring charges	`RestructuringCharges`	$3.22M	USD	3 Qtrs
Interest	`InterestExpense`	$8.51M	USD	1 Quarter
Interest	`InterestExpense`	$37.97M	USD	3 Qtrs
Interest	`InterestExpense`	$26.81M	USD	3 Qtrs
Interest	`InterestExpense`	$9.67M	USD	1 Quarter
Loss on debt retirements	`GainsLossesOnExtinguishmentOfDebt`	$-29.62M	USD	3 Qtrs
Loss on debt retirements	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
Other income	`OtherOperatingIncome`	$7.93M	USD	3 Qtrs
Other income	`OtherOperatingIncome`	$1.11M	USD	1 Quarter
Other income	`OtherOperatingIncome`	$1.34M	USD	1 Quarter
Other income	`OtherOperatingIncome`	$8.74M	USD	3 Qtrs
TOTAL EXPENSES	`TotalNetExpenses`	$111.66M	USD	3 Qtrs
TOTAL EXPENSES	`TotalNetExpenses`	$25.57M	USD	1 Quarter
TOTAL EXPENSES	`TotalNetExpenses`	$25.87M	USD	1 Quarter
TOTAL EXPENSES	`TotalNetExpenses`	$71.36M	USD	3 Qtrs
LOSS BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-35.23M	USD	1 Quarter
LOSS BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-24.82M	USD	1 Quarter
LOSS BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-54.05M	USD	3 Qtrs
LOSS BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-92.84M	USD	3 Qtrs
Income tax benefit	`IncomeTaxExpenseBenefit`	$-540.00K	USD	1 Quarter
Income tax benefit	`IncomeTaxExpenseBenefit`	$-1.31M	USD	3 Qtrs
Income tax benefit	`IncomeTaxExpenseBenefit`	$-14.30M	USD	1 Quarter
Income tax benefit	`IncomeTaxExpenseBenefit`	$-37.01M	USD	3 Qtrs
NET LOSS	`NetIncomeLoss`	$-55.83M	USD	3 Qtrs
NET LOSS	`NetIncomeLoss`	$-24.28M	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-20.93M	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-52.74M	USD	3 Qtrs
Basic	`EarningsPerShareBasic`	$-1.89	USD	3 Qtrs
Basic	`EarningsPerShareBasic`	$-0.87	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$-0.75	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$-2.01	USD	3 Qtrs
Diluted	`EarningsPerShareDiluted`	$-0.87	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$-0.75	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$-1.89	USD	3 Qtrs
Diluted	`EarningsPerShareDiluted`	$-2.01	USD	3 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	27.84M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	27.89M	shares	3 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	27.93M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	27.81M	shares	3 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	27.81M	shares	3 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	27.93M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	27.84M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	27.89M	shares	3 Qtrs
Cash dividends declared per share	`CommonStockDividendsPerShareDeclared`	$0.23	USD	3 Qtrs
Cash dividends declared per share	`CommonStockDividendsPerShareDeclared`	-	USD	1 Quarter
Cash dividends declared per share	`CommonStockDividendsPerShareDeclared`	$0.07	USD	1 Quarter
Cash dividends declared per share	`CommonStockDividendsPerShareDeclared`	$0.07	USD	3 Qtrs

Cash Flow Statement 61 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-55.83M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-24.28M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-20.93M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-52.74M	USD	3 Qtrs
Depreciation, depletion and amortization	`DepreciationDepletionAndAmortization`	$48.11M	USD	3 Qtrs
Depreciation, depletion and amortization	`DepreciationDepletionAndAmortization`	$16.12M	USD	1 Quarter
Depreciation, depletion and amortization	`DepreciationDepletionAndAmortization`	$46.49M	USD	3 Qtrs
Depreciation, depletion and amortization	`DepreciationDepletionAndAmortization`	$15.11M	USD	1 Quarter
Gains on asset disposals	`GainLossOnSaleOfOtherAssets`	$-1.46M	USD	3 Qtrs
Gains on asset disposals	`GainLossOnSaleOfOtherAssets`	$-3.74M	USD	3 Qtrs
Deferred income tax benefit	`DeferredIncomeTaxExpenseBenefit`	$-1.65M	USD	3 Qtrs
Deferred income tax benefit	`DeferredIncomeTaxExpenseBenefit`	$-37.66M	USD	3 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$4.27M	USD	3 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$1.71M	USD	3 Qtrs
Loss on debt retirements	`GainsLossesOnExtinguishmentOfDebt`	$-29.62M	USD	3 Qtrs
Loss on debt retirements	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
Other - net	`AdjustmentsNoncashItemsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$-4.42M	USD	3 Qtrs
Other - net	`AdjustmentsNoncashItemsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$-2.26M	USD	3 Qtrs
Receivables - net	`IncreaseDecreaseInReceivables`	$-29.81M	USD	3 Qtrs
Receivables - net	`IncreaseDecreaseInReceivables`	$-7.62M	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$-10.05M	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$922.00K	USD	3 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-3.26M	USD	3 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-2.50M	USD	3 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-7.98M	USD	3 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-4.47M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$8.21M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$2.12M	USD	3 Qtrs
Capital expenditures - expansions	`PaymentsForMajorPlantExpansions`	$-23.51M	USD	3 Qtrs
Capital expenditures - expansions	`PaymentsForMajorPlantExpansions`	$-64.90M	USD	3 Qtrs
Capital expenditures - other	`PaymentsToAcquirePropertyPlantAndEquipment`	$15.44M	USD	3 Qtrs
Capital expenditures - other	`PaymentsToAcquirePropertyPlantAndEquipment`	$31.39M	USD	3 Qtrs
Proceeds from asset disposals	`ProceedsFromSaleOfProductiveAssets`	$3.24M	USD	3 Qtrs
Proceeds from asset disposals	`ProceedsFromSaleOfProductiveAssets`	$4.19M	USD	3 Qtrs
Investments in life insurance contracts	`PaymentsForProceedsFromLifeInsurancePolicies`	$-3.89M	USD	3 Qtrs
Investments in life insurance contracts	`PaymentsForProceedsFromLifeInsurancePolicies`	$-3.35M	USD	3 Qtrs
Other - net	`PaymentsForProceedsFromOtherInvestingActivities`	$-1.23M	USD	3 Qtrs
Other - net	`PaymentsForProceedsFromOtherInvestingActivities`	$302.00K	USD	3 Qtrs
Net cash used by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-30.58M	USD	3 Qtrs
Net cash used by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-89.06M	USD	3 Qtrs
Long-term borrowings	`ProceedsFromIssuanceOfLongTermDebt`	$650.00M	USD	3 Qtrs
Debt retirements	`RepaymentsOfLongTermDebtAndCapitalSecurities`	$173.00K	USD	3 Qtrs
Debt retirements	`RepaymentsOfLongTermDebtAndCapitalSecurities`	$561.61M	USD	3 Qtrs
Debt issuance costs	`PaymentsOfDebtIssuanceCosts`	$1.83M	USD	3 Qtrs
Debt issuance costs	`PaymentsOfDebtIssuanceCosts`	$12.48M	USD	3 Qtrs
Stock option exercises	`ProceedsFromStockOptionsExercised`	$1.75M	USD	3 Qtrs
Stock option exercises	`ProceedsFromStockOptionsExercised`	$1.14M	USD	3 Qtrs
Common dividends paid	`PaymentsOfDividendsCommonStock`	$6.26M	USD	3 Qtrs
Common dividends paid	`PaymentsOfDividendsCommonStock`	$2.09M	USD	3 Qtrs
Net cash provided (used) by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$70.79M	USD	3 Qtrs
Net cash provided (used) by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-2.34M	USD	3 Qtrs
Increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$48.42M	USD	3 Qtrs
Increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-89.28M	USD	3 Qtrs
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$116.43M	USD	Point-in-time
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`	$27.16M	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`	$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`	$27.16M	USD	Point-in-time

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