10-Q Filing

TEXAS INDUSTRIES INC CIK: 97472 Q1 2013

Filing Information

Form Type	10-Q
Accession Number	`0001193125-12-409080`
Period End Date	20120831
Filing Date	20120928
Fiscal Year	2013
Fiscal Period	Q1
XBRL Instance	txi-20120831.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 68 Income Statement 30 Cash Flow Statement 51 Comprehensive Income 11

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
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`	$88.03M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$60.87M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$116.43M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	28.03M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	28.00M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	28.00M	shares	Point-in-time
Receivables - net	`ReceivablesNetCurrent`	$98.84M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	28.03M	shares	Point-in-time
Receivables - net	`ReceivablesNetCurrent`	$113.35M	USD	Point-in-time
Inventories	`InventoryNet`	$118.37M	USD	Point-in-time
Inventories	`InventoryNet`	$129.51M	USD	Point-in-time
Deferred income taxes and prepaid expenses	`DeferredIncomeTaxesAndPrepaidExpenses`	$19.01M	USD	Point-in-time
Deferred income taxes and prepaid expenses	`DeferredIncomeTaxesAndPrepaidExpenses`	$17.64M	USD	Point-in-time
TOTAL CURRENT ASSETS	`AssetsCurrent`	$310.24M	USD	Point-in-time
TOTAL CURRENT ASSETS	`AssetsCurrent`	$335.38M	USD	Point-in-time
Land and land improvements	`Land`	$172.25M	USD	Point-in-time
Land and land improvements	`Land`	$173.77M	USD	Point-in-time
Buildings	`BuildingsAndImprovementsGross`	$51.75M	USD	Point-in-time
Buildings	`BuildingsAndImprovementsGross`	$51.98M	USD	Point-in-time
Machinery and equipment	`MachineryAndEquipmentGross`	$1.18B	USD	Point-in-time
Machinery and equipment	`MachineryAndEquipmentGross`	$1.19B	USD	Point-in-time
Construction in progress	`ConstructionInProgressGross`	$437.17M	USD	Point-in-time
Construction in progress	`ConstructionInProgressGross`	$454.39M	USD	Point-in-time
TOTAL PROPERTY, PLANT AND EQUIPMENT (Gross)	`PropertyPlantAndEquipmentGross`	$1.87B	USD	Point-in-time
TOTAL PROPERTY, PLANT AND EQUIPMENT (Gross)	`PropertyPlantAndEquipmentGross`	$1.85B	USD	Point-in-time
Less depreciation and depletion	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$662.38M	USD	Point-in-time
Less depreciation and depletion	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$650.45M	USD	Point-in-time
TOTAL PROPERTY, PLANT AND EQUIPMENT	`PropertyPlantAndEquipmentNet`	$1.20B	USD	Point-in-time
TOTAL PROPERTY, PLANT AND EQUIPMENT	`PropertyPlantAndEquipmentNet`	$1.21B	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`	$20.86M	USD	Point-in-time
Real estate and investments	`RealEstateAndInvestments`	$20.72M	USD	Point-in-time
Deferred income taxes and other charges	`DeferredIncomeTaxesAndOtherAssetsNoncurrent`	$23.37M	USD	Point-in-time
Deferred income taxes and other charges	`DeferredIncomeTaxesAndOtherAssetsNoncurrent`	$24.40M	USD	Point-in-time
TOTAL OTHER ASSETS	`OtherAssetsNoncurrent`	$45.95M	USD	Point-in-time
TOTAL OTHER ASSETS	`OtherAssetsNoncurrent`	$46.83M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$1.58B	USD	Point-in-time
TOTAL ASSETS	`Assets`	$1.56B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$64.83M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$68.67M	USD	Point-in-time
Accrued interest, compensation and other	`AccruedLiabilitiesCurrent`	$61.32M	USD	Point-in-time
Accrued interest, compensation and other	`AccruedLiabilitiesCurrent`	$44.66M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$1.21M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$1.46M	USD	Point-in-time
TOTAL CURRENT LIABILITIES	`LiabilitiesCurrent`	$114.78M	USD	Point-in-time
TOTAL CURRENT LIABILITIES	`LiabilitiesCurrent`	$127.36M	USD	Point-in-time
Long-term debt	`LongTermDebtAndCapitalLeaseObligations`	$656.95M	USD	Point-in-time
Long-term debt	`LongTermDebtAndCapitalLeaseObligations`	$657.80M	USD	Point-in-time
Other credits	`OtherLiabilitiesNoncurrent`	$95.94M	USD	Point-in-time
Other credits	`OtherLiabilitiesNoncurrent`	$96.35M	USD	Point-in-time
Common stock, $1 par value; authorized 100,000 shares; issued and outstanding 28,031 and 27,996 shares, respectively	`CommonStockValue`	$28.00M	USD	Point-in-time
Common stock, $1 par value; authorized 100,000 shares; issued and outstanding 28,031 and 27,996 shares, respectively	`CommonStockValue`	$28.03M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$490.50M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$488.64M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$201.48M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$204.14M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-24.13M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-24.50M	USD	Point-in-time
TOTAL SHAREHOLDERS' EQUITY	`StockholdersEquity`	$695.88M	USD	Point-in-time
TOTAL SHAREHOLDERS' EQUITY	`StockholdersEquity`	$696.27M	USD	Point-in-time
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$1.56B	USD	Point-in-time
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$1.58B	USD	Point-in-time

Income Statement 30 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueGoodsNet`	$191.81M	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`	$171.72M	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	$13.82M	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	$20.09M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$18.88M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$17.80M	USD	1 Quarter
Interest	`InterestExpense`	$7.78M	USD	1 Quarter
Interest	`InterestExpense`	$9.46M	USD	1 Quarter
Other income	`OtherOperatingIncome`	$4.05M	USD	1 Quarter
Other income	`OtherOperatingIncome`	$5.87M	USD	1 Quarter
TOTAL EXPENSES	`TotalNetExpenses`	$21.39M	USD	1 Quarter
TOTAL EXPENSES	`TotalNetExpenses`	$22.60M	USD	1 Quarter
LOSS BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-7.57M	USD	1 Quarter
LOSS BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-2.51M	USD	1 Quarter
Income taxes (benefit)	`IncomeTaxExpenseBenefit`	$143.00K	USD	1 Quarter
Income taxes (benefit)	`IncomeTaxExpenseBenefit`	$-147.00K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-2.66M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-7.42M	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$-0.09	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$-0.27	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$-0.09	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$-0.27	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	27.87M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	28.00M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	27.87M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	28.00M	shares	1 Quarter
Cash dividends declared per share	`CommonStockDividendsPerShareDeclared`	$0.07	USD	1 Quarter
Cash dividends declared per share	`CommonStockDividendsPerShareDeclared`	-	USD	1 Quarter

Cash Flow Statement 51 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-2.66M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-7.42M	USD	1 Quarter
Depreciation, depletion and amortization	`DepreciationDepletionAndAmortization`	$15.98M	USD	1 Quarter
Depreciation, depletion and amortization	`DepreciationDepletionAndAmortization`	$14.22M	USD	1 Quarter
Gains on asset disposals	`GainLossOnSaleOfAssets`	$2.50M	USD	1 Quarter
Gains on asset disposals	`GainLossOnSaleOfAssets`	$2.37M	USD	1 Quarter
Deferred income tax benefit	`DeferredIncomeTaxExpenseBenefit`	$-241.00K	USD	1 Quarter
Deferred income tax benefit	`DeferredIncomeTaxExpenseBenefit`	$-3.00K	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$107.00K	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$2.77M	USD	1 Quarter
Other - net	`AdjustmentsNoncashItemsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$-3.03M	USD	1 Quarter
Other - net	`AdjustmentsNoncashItemsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$-1.57M	USD	1 Quarter
Receivables - net	`IncreaseDecreaseInReceivables`	$14.01M	USD	1 Quarter
Receivables - net	`IncreaseDecreaseInReceivables`	$8.67M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-894.00K	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-10.85M	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-1.73M	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-1.10M	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-4.63M	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-5.81M	USD	1 Quarter
Net cash provided (used) by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$2.09M	USD	1 Quarter
Net cash provided (used) by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-7.37M	USD	1 Quarter
Capital expenditures - expansions	`PaymentsForMajorPlantExpansions`	$25.22M	USD	1 Quarter
Capital expenditures - expansions	`PaymentsForMajorPlantExpansions`	$28.11M	USD	1 Quarter
Capital expenditures - other	`PaymentsToAcquirePropertyPlantAndEquipment`	$4.50M	USD	1 Quarter
Capital expenditures - other	`PaymentsToAcquirePropertyPlantAndEquipment`	$20.37M	USD	1 Quarter
Proceeds from asset disposals	`ProceedsFromSaleOfProductiveAssets`	$3.58M	USD	1 Quarter
Proceeds from asset disposals	`ProceedsFromSaleOfProductiveAssets`	$863.00K	USD	1 Quarter
Investments in life insurance contracts	`PaymentsForProceedsFromLifeInsurancePolicies`	$-146.00K	USD	1 Quarter
Other - net	`PaymentsForProceedsFromOtherInvestingActivities`	$59.00K	USD	1 Quarter
Other - net	`PaymentsForProceedsFromOtherInvestingActivities`	$82.00K	USD	1 Quarter
Net cash used by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-28.95M	USD	1 Quarter
Net cash used by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-44.81M	USD	1 Quarter
Debt retirements	`RepaymentsOfLongTermDebtAndCapitalSecurities`	$1.03M	USD	1 Quarter
Debt retirements	`RepaymentsOfLongTermDebtAndCapitalSecurities`	$18.00K	USD	1 Quarter
Debt issuance costs	`PaymentsOfDebtIssuanceCosts`	$1.63M	USD	1 Quarter
Stock option exercises	`ProceedsFromStockOptionsExercised`	$725.00K	USD	1 Quarter
Stock option exercises	`ProceedsFromStockOptionsExercised`	$78.00K	USD	1 Quarter
Common dividends paid	`PaymentsOfDividendsCommonStock`	$2.09M	USD	1 Quarter
Net cash provided (used) by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-303.00K	USD	1 Quarter
Net cash provided (used) by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-3.66M	USD	1 Quarter
Decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-55.83M	USD	1 Quarter
Decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-27.16M	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`	$88.03M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$60.87M	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`	$88.03M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$60.87M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$116.43M	USD	Point-in-time

Comprehensive Income 11 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-2.66M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-7.42M	USD	1 Quarter
Reclassification of recognized transactions, net of tax	`OtherComprehensiveIncomeReclassificationOfDefinedBenefitPlansNetGainLossRecognizedInNetPeriodicBenefitCostNetOfTax`	$363.00K	USD	1 Quarter
Reclassification of recognized transactions, net of tax	`OtherComprehensiveIncomeReclassificationOfDefinedBenefitPlansNetGainLossRecognizedInNetPeriodicBenefitCostNetOfTax`	$546.00K	USD	1 Quarter
Adjustment, net of tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeReclassificationAdjustmentsNetOfTax`	$55.00K	USD	1 Quarter
Prior service cost of defined postretirement benefit plans Reclassification of recognized transactions, net of taxes	`OtherComprehensiveIncomeLossAmortizationPensionAndOtherPostretirementBenefitPlansNetPriorServiceCostRecognizedInNetPeriodicPensionCostNetOfTax`	$123.00K	USD	1 Quarter
Prior service cost of defined postretirement benefit plans Reclassification of recognized transactions, net of taxes	`OtherComprehensiveIncomeLossAmortizationPensionAndOtherPostretirementBenefitPlansNetPriorServiceCostRecognizedInNetPeriodicPensionCostNetOfTax`	$123.00K	USD	1 Quarter
Total other comprehensive income	`OtherComprehensiveIncomeLossNetOfTax`	$240.00K	USD	1 Quarter
Total other comprehensive income	`OtherComprehensiveIncomeLossNetOfTax`	$368.00K	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$-2.29M	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$-7.18M	USD	1 Quarter

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