10-Q Filing

EAGLE MATERIALS INC CIK: 918646 Q1 2021

Filing Information

Form Type	10-Q
Accession Number	`0001564590-20-034976`
Period End Date	20200630
Filing Date	20200731
Fiscal Year	2021
Fiscal Period	Q1
XBRL Instance	exp-10q_20200630_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 75 Income Statement 31 Cash Flow Statement 51 Stockholders Equity 20 Comprehensive Income 8

Balance Sheet 75 line items

Line Item	Tag	Value	Unit	Period
Preferred Stock, Par Value	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred Stock, Par Value	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred Stock, Authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Preferred Stock, Authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$118.65M	USD	Point-in-time
Preferred Stock, Issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred Stock, Issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$199.44M	USD	Point-in-time
Accounts and Notes Receivable, net	`AccountsNotesAndLoansReceivableNetCurrent`	$151.79M	USD	Point-in-time
Common Stock, Par Value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common Stock, Par Value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Accounts and Notes Receivable, net	`AccountsNotesAndLoansReceivableNetCurrent`	$194.56M	USD	Point-in-time
Inventories	`InventoryNet`	$272.51M	USD	Point-in-time
Common Stock, Authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Inventories	`InventoryNet`	$243.12M	USD	Point-in-time
Common Stock, Authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Income Tax Receivable	`IncomeTaxesReceivable`	$128.41M	USD	Point-in-time
Income Tax Receivable	`IncomeTaxesReceivable`	$123.71M	USD	Point-in-time
Common Stock, Issued	`CommonStockSharesIssued`	41.65M	shares	Point-in-time
Common Stock, Issued	`CommonStockSharesIssued`	41.76M	shares	Point-in-time
Prepaid and Other Assets	`PrepaidExpenseAndOtherAssetsCurrent`	$6.86M	USD	Point-in-time
Prepaid and Other Assets	`PrepaidExpenseAndOtherAssetsCurrent`	$10.75M	USD	Point-in-time
Common Stock, Outstanding	`CommonStockSharesOutstanding`	41.76M	shares	Point-in-time
Common Stock, Outstanding	`CommonStockSharesOutstanding`	41.65M	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	$771.59M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$678.22M	USD	Point-in-time
Property, Plant, and Equipment, net	`PropertyPlantAndEquipmentNet`	$1.73B	USD	Point-in-time
Property, Plant, and Equipment, net	`PropertyPlantAndEquipmentNet`	$1.76B	USD	Point-in-time
Notes Receivable	`NotesAndLoansReceivableNetNoncurrent`	$9.07M	USD	Point-in-time
Notes Receivable	`NotesAndLoansReceivableNetNoncurrent`	$9.14M	USD	Point-in-time
Investment in Joint Venture	`InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures`	$72.25M	USD	Point-in-time
Investment in Joint Venture	`InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures`	$73.96M	USD	Point-in-time
Operating Lease Right-of-Use Assets	`OperatingLeaseRightOfUseAsset`	$30.53M	USD	Point-in-time
Operating Lease Right-of-Use Assets	`OperatingLeaseRightOfUseAsset`	$29.90M	USD	Point-in-time
Goodwill and Intangible Assets, net	`IntangibleAssetsNetIncludingGoodwill`	$396.46M	USD	Point-in-time
Goodwill and Intangible Assets, net	`IntangibleAssetsNetIncludingGoodwill`	$395.67M	USD	Point-in-time
Other Assets	`OtherAssetsNoncurrent`	$10.60M	USD	Point-in-time
Other Assets	`OtherAssetsNoncurrent`	$10.31M	USD	Point-in-time
Total Assets	`Assets`	$3.02B	USD	Point-in-time
Total Assets	`Assets`	$2.96B	USD	Point-in-time
Accounts Payable	`AccountsPayableCurrent`	$81.98M	USD	Point-in-time
Accounts Payable	`AccountsPayableCurrent`	$86.20M	USD	Point-in-time
Accrued Liabilities	`AccruedLiabilitiesCurrent`	$73.29M	USD	Point-in-time
Accrued Liabilities	`AccruedLiabilitiesCurrent`	$75.48M	USD	Point-in-time
Income Taxes Payable	`AccruedIncomeTaxesCurrent`	$32.13M	USD	Point-in-time
Operating Lease Liabilities	`OperatingLeaseLiabilityCurrent`	$10.44M	USD	Point-in-time
Operating Lease Liabilities	`OperatingLeaseLiabilityCurrent`	$10.21M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$200.03M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$169.70M	USD	Point-in-time
Long-term Debt	`LongTermDebtNoncurrent`	$1.57B	USD	Point-in-time
Long-term Debt	`LongTermDebtNoncurrent`	$1.49B	USD	Point-in-time
Noncurrent Operating Lease Liabilities	`OperatingLeaseLiabilityNoncurrent`	$47.48M	USD	Point-in-time
Noncurrent Operating Lease Liabilities	`OperatingLeaseLiabilityNoncurrent`	$49.81M	USD	Point-in-time
Other Long-term Liabilities	`OtherLiabilitiesNoncurrent`	$39.69M	USD	Point-in-time
Other Long-term Liabilities	`OtherLiabilitiesNoncurrent`	$44.67M	USD	Point-in-time
Deferred Income Taxes	`DeferredIncomeTaxLiabilitiesNet`	$162.94M	USD	Point-in-time
Deferred Income Taxes	`DeferredIncomeTaxLiabilitiesNet`	$166.67M	USD	Point-in-time
Total Liabilities	`Liabilities`	$1.95B	USD	Point-in-time
Total Liabilities	`Liabilities`	$1.99B	USD	Point-in-time
Preferred Stock, Par Value $0.01; Authorized 5,000,000 Shares; None Issued	`PreferredStockValue`	-	USD	Point-in-time
Preferred Stock, Par Value $0.01; Authorized 5,000,000 Shares; None Issued	`PreferredStockValue`	-	USD	Point-in-time
Common Stock, Par Value $0.01; Authorized 100,000,000 Shares; Issued and Outstanding 41,756,684 and 41,649,041 Shares, respectively	`CommonStockValue`	$418.00K	USD	Point-in-time
Common Stock, Par Value $0.01; Authorized 100,000,000 Shares; Issued and Outstanding 41,756,684 and 41,649,041 Shares, respectively	`CommonStockValue`	$416.00K	USD	Point-in-time
Capital in Excess of Par Value	`AdditionalPaidInCapitalCommonStock`	$14.57M	USD	Point-in-time
Capital in Excess of Par Value	`AdditionalPaidInCapitalCommonStock`	$10.94M	USD	Point-in-time
Accumulated Other Comprehensive Losses	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-3.30M	USD	Point-in-time
Accumulated Other Comprehensive Losses	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-3.58M	USD	Point-in-time
Retained Earnings	`RetainedEarningsAccumulatedDeficit`	$1.06B	USD	Point-in-time
Retained Earnings	`RetainedEarningsAccumulatedDeficit`	$960.07M	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	$1.07B	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	$967.84M	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	$1.21B	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	$1.06B	USD	Point-in-time
Liabilities and Stockholders' Equity, Total	`LiabilitiesAndStockholdersEquity`	$3.02B	USD	Point-in-time
Liabilities and Stockholders' Equity, Total	`LiabilitiesAndStockholdersEquity`	$2.96B	USD	Point-in-time

Income Statement 31 line items

Line Item	Tag	Value	Unit	Period
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$370.60M	USD	1 Quarter
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$428.02M	USD	1 Quarter
Cost of Goods Sold	`CostOfGoodsAndServicesSold`	$327.04M	USD	1 Quarter
Cost of Goods Sold	`CostOfGoodsAndServicesSold`	$295.27M	USD	1 Quarter
Gross Profit	`GrossProfit`	$75.33M	USD	1 Quarter
Gross Profit	`GrossProfit`	$100.98M	USD	1 Quarter
Equity in Earnings of Unconsolidated Joint Venture	`IncomeLossFromEquityMethodInvestments`	$9.43M	USD	1 Quarter
Equity in Earnings of Unconsolidated Joint Venture	`IncomeLossFromEquityMethodInvestments`	$7.80M	USD	1 Quarter
Corporate General and Administrative Expense	`GeneralAndAdministrativeExpense`	$21.25M	USD	1 Quarter
Corporate General and Administrative Expense	`GeneralAndAdministrativeExpense`	$17.79M	USD	1 Quarter
Gain on Sale of Businesses	`GainLossOnSaleOfBusiness`	$51.97M	USD	1 Quarter
Other Non-Operating Income (Loss)	`OtherNonoperatingIncomeExpense`	$-127.00K	USD	1 Quarter
Other Non-Operating Income (Loss)	`OtherNonoperatingIncomeExpense`	$200.00K	USD	1 Quarter
Interest Expense, Net	`InterestExpense`	$14.04M	USD	1 Quarter
Interest Expense, Net	`InterestExpense`	$8.85M	USD	1 Quarter
Earnings before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$128.79M	USD	1 Quarter
Earnings before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$54.86M	USD	1 Quarter
Income Taxes	`IncomeTaxExpenseBenefit`	$13.56M	USD	1 Quarter
Income Taxes	`IncomeTaxExpenseBenefit`	$32.59M	USD	1 Quarter
Net Earnings	`NetIncomeLoss`	$96.21M	USD	1 Quarter
Net Earnings	`NetIncomeLoss`	$41.30M	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.94	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$2.32	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.94	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$2.31	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	43.87M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	41.41M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	44.15M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	41.56M	shares	1 Quarter
CASH DIVIDENDS PER SHARE	`CommonStockDividendsPerShareCashPaid`	$0.10	USD	1 Quarter
CASH DIVIDENDS PER SHARE	`CommonStockDividendsPerShareCashPaid`	$0.10	USD	1 Quarter

Cash Flow Statement 51 line items

Line Item	Tag	Value	Unit	Period
Net Earnings	`ProfitLoss`	$96.21M	USD	1 Quarter
Net Earnings	`ProfitLoss`	$41.30M	USD	1 Quarter
Depreciation, Depletion and Amortization	`DepreciationDepletionAndAmortization`	$27.96M	USD	1 Quarter
Depreciation, Depletion and Amortization	`DepreciationDepletionAndAmortization`	$31.94M	USD	1 Quarter
Deferred Income Tax Provision	`DeferredIncomeTaxExpenseBenefit`	$3.69M	USD	1 Quarter
Deferred Income Tax Provision	`DeferredIncomeTaxExpenseBenefit`	$-3.74M	USD	1 Quarter
Stock Compensation Expense	`ShareBasedCompensation`	$8.22M	USD	1 Quarter
Stock Compensation Expense	`ShareBasedCompensation`	$4.76M	USD	1 Quarter
Gain on Sale of Subsidiaries	`GainOrLossOnSaleOfStockInSubsidiary`	$51.97M	USD	1 Quarter
Equity in Earnings of Unconsolidated Joint Venture	`IncomeLossFromEquityMethodInvestments`	$9.43M	USD	1 Quarter
Equity in Earnings of Unconsolidated Joint Venture	`IncomeLossFromEquityMethodInvestments`	$7.80M	USD	1 Quarter
Distributions from Joint Venture	`EquityMethodInvestmentDividendsOrDistributions`	$3.00M	USD	1 Quarter
Distributions from Joint Venture	`EquityMethodInvestmentDividendsOrDistributions`	$9.50M	USD	1 Quarter
Accounts and Notes Receivable	`IncreaseDecreaseInAccountsAndNotesReceivable`	$45.88M	USD	1 Quarter
Accounts and Notes Receivable	`IncreaseDecreaseInAccountsAndNotesReceivable`	$45.43M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-11.58M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-23.09M	USD	1 Quarter
Accounts Payable and Accrued Liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$4.40M	USD	1 Quarter
Accounts Payable and Accrued Liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-6.07M	USD	1 Quarter
Other Assets	`IncreaseDecreaseInOtherOperatingAssets`	$-6.49M	USD	1 Quarter
Other Assets	`IncreaseDecreaseInOtherOperatingAssets`	$2.03M	USD	1 Quarter
Income Taxes Payable (Receivable)	`IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable`	$9.39M	USD	1 Quarter
Income Taxes Payable (Receivable)	`IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable`	$36.83M	USD	1 Quarter
Net Cash Provided by Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$95.31M	USD	1 Quarter
Net Cash Provided by Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$50.70M	USD	1 Quarter
Additions to Property, Plant, and Equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$21.81M	USD	1 Quarter
Additions to Property, Plant, and Equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$25.99M	USD	1 Quarter
Proceeds from Sale of Businesses	`ProceedsFromDivestitureOfBusinesses`	$93.48M	USD	1 Quarter
Net Cash Provided by (Used in) Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-21.81M	USD	1 Quarter
Net Cash Provided by (Used in) Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$67.49M	USD	1 Quarter
Increase (Decrease) in Credit Facility	`ProceedsFromRepaymentsOfNotesPayable`	$-75.00M	USD	1 Quarter
Increase (Decrease) in Credit Facility	`ProceedsFromRepaymentsOfNotesPayable`	$185.00M	USD	1 Quarter
Dividends Paid to Stockholders	`PaymentsOfDividendsCommonStock`	$4.16M	USD	1 Quarter
Dividends Paid to Stockholders	`PaymentsOfDividendsCommonStock`	$4.50M	USD	1 Quarter
Purchase and Retirement of Common Stock	`PaymentsForRepurchaseOfCommonStock`	$198.35M	USD	1 Quarter
Proceeds from Stock Option Exercises	`ProceedsFromStockOptionsExercised`	$396.00K	USD	1 Quarter
Payment of Debt Issuance Costs	`PaymentsOfDebtIssuanceCosts`	$1.72M	USD	1 Quarter
Shares Redeemed to Settle Employee Taxes on Stock Compensation	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$866.00K	USD	1 Quarter
Shares Redeemed to Settle Employee Taxes on Stock Compensation	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$1.13M	USD	1 Quarter
Net Cash Used in Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$-82.01M	USD	1 Quarter
Net Cash Used in Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$-18.32M	USD	1 Quarter
NET INCREASE IN CASH AND CASH EQUIVALENTS	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$80.79M	USD	1 Quarter
NET INCREASE IN CASH AND CASH EQUIVALENTS	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$10.56M	USD	1 Quarter
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH AT BEGINNING OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$118.65M	USD	Point-in-time
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH AT BEGINNING OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$8.60M	USD	Point-in-time
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH AT BEGINNING OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$19.16M	USD	Point-in-time
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH AT BEGINNING OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$199.44M	USD	Point-in-time
CASH AND CASH EQUIVALENTS AT END OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$118.65M	USD	Point-in-time
CASH AND CASH EQUIVALENTS AT END OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$8.60M	USD	Point-in-time
CASH AND CASH EQUIVALENTS AT END OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$19.16M	USD	Point-in-time
CASH AND CASH EQUIVALENTS AT END OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$199.44M	USD	Point-in-time

Stockholders Equity 20 line items

Line Item	Tag	Value	Unit	Period
Beginning balance	`StockholdersEquity`	$1.07B	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$967.84M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$1.21B	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$1.06B	USD	Point-in-time
Net Earnings	`NetIncomeLoss`	$96.21M	USD	1 Quarter
Net Earnings	`NetIncomeLoss`	$41.30M	USD	1 Quarter
Stock Option Exercises and Restricted Share Vesting	`StockOptionExercisesAndRestrictedShareVesting`	$396.00K	USD	1 Quarter
Purchase and Retirement of Common Stock	`StockRepurchasedAndRetiredDuringPeriodValue`	$198.35M	USD	1 Quarter
Dividends to Stockholders	`DividendsCommonStockCash`	$4.32M	USD	1 Quarter
Stock Compensation Expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$8.22M	USD	1 Quarter
Stock Compensation Expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$4.76M	USD	1 Quarter
Shares Redeemed to Settle Employee Taxes	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$866.00K	USD	1 Quarter
Shares Redeemed to Settle Employee Taxes	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$1.13M	USD	1 Quarter
Cumulative Effect of Change in Accounting for Leases	`CumulativeEffectOnRetainedEarningsNetOfTax1`	$-636.00K	USD	1 Quarter
Unfunded Pension Liability, net of tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-33.00K	USD	1 Quarter
Unfunded Pension Liability, net of tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-25.00K	USD	1 Quarter
Ending Balance	`StockholdersEquity`	$1.07B	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$967.84M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$1.21B	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$1.06B	USD	Point-in-time

Comprehensive Income 8 line items

Line Item	Tag	Value	Unit	Period
Net Earnings	`NetIncomeLoss`	$96.21M	USD	1 Quarter
Net Earnings	`NetIncomeLoss`	$41.30M	USD	1 Quarter
Amortization of net actuarial loss	`OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditBeforeTax`	$43.00K	USD	1 Quarter
Amortization of net actuarial loss	`OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditBeforeTax`	$33.00K	USD	1 Quarter
Tax expense	`OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditTax`	$10.00K	USD	1 Quarter
Tax expense	`OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditTax`	$8.00K	USD	1 Quarter
Comprehensive Earnings	`ComprehensiveIncomeNetOfTax`	$41.34M	USD	1 Quarter
Comprehensive Earnings	`ComprehensiveIncomeNetOfTax`	$96.23M	USD	1 Quarter

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