10-Q Filing

ARCOSA, INC. CIK: 1739445 Q1 2019

Filing Information

Form Type	10-Q
Accession Number	`0001739445-19-000046`
Period End Date	20190331
Filing Date	20190503
Fiscal Year	2019
Fiscal Period	Q1
XBRL Instance	aca-20190331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 62 Income Statement 30 Cash Flow Statement 60 Stockholders Equity 22 Comprehensive Income 18

Balance Sheet 62 line items

Line Item	Tag	Value	Unit	Period
Common stock, shares authorized	`CommonStockSharesAuthorized`	200.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	200.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$6.80M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$99.40M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$6.70M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$118.00M	USD	Point-in-time
Receivables, net of allowance	`AccountsReceivableNetCurrent`	$206.20M	USD	Point-in-time
Receivables, net of allowance	`AccountsReceivableNetCurrent`	$291.40M	USD	Point-in-time
Raw materials and supplies	`InventoryRawMaterialsAndSuppliesNetOfReserves`	$131.30M	USD	Point-in-time
Raw materials and supplies	`InventoryRawMaterialsAndSuppliesNetOfReserves`	$128.40M	USD	Point-in-time
Work in process	`InventoryWorkInProcessNetOfReserves`	$33.30M	USD	Point-in-time
Work in process	`InventoryWorkInProcessNetOfReserves`	$42.60M	USD	Point-in-time
Finished goods	`InventoryFinishedGoodsNetOfReserves`	$90.80M	USD	Point-in-time
Finished goods	`InventoryFinishedGoodsNetOfReserves`	$97.60M	USD	Point-in-time
Total inventory	`InventoryNet`	$271.50M	USD	Point-in-time
Total inventory	`InventoryNet`	$252.50M	USD	Point-in-time
Other	`OtherAssetsCurrent`	$23.70M	USD	Point-in-time
Other	`OtherAssetsCurrent`	$22.10M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$617.80M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$667.00M	USD	Point-in-time
Property, plant, and equipment, net	`PropertyPlantAndEquipmentNet`	$801.90M	USD	Point-in-time
Property, plant, and equipment, net	`PropertyPlantAndEquipmentNet`	$803.00M	USD	Point-in-time
Goodwill	`Goodwill`	$615.20M	USD	Point-in-time
Goodwill	`Goodwill`	$616.30M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsLiabilitiesNetNoncurrent`	$6.90M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsLiabilitiesNetNoncurrent`	$7.30M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$99.50M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$80.10M	USD	Point-in-time
Total assets	`Assets`	$2.17B	USD	Point-in-time
Total assets	`Assets`	$2.14B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$86.20M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$79.30M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$164.70M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$146.20M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$1.80M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$1.80M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$245.80M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$234.20M	USD	Point-in-time
Debt	`LongTermDebtAndCapitalLeaseObligations`	$103.30M	USD	Point-in-time
Debt	`LongTermDebtAndCapitalLeaseObligations`	$183.70M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$58.30M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$61.70M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$26.80M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$11.50M	USD	Point-in-time
Total liabilities	`Liabilities`	$487.70M	USD	Point-in-time
Total liabilities	`Liabilities`	$437.60M	USD	Point-in-time
Common stock	`CommonStockValue`	$500.00K	USD	Point-in-time
Common stock	`CommonStockValue`	$500.00K	USD	Point-in-time
Capital in excess of par value	`AdditionalPaidInCapital`	$1.69B	USD	Point-in-time
Capital in excess of par value	`AdditionalPaidInCapital`	$1.69B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$19.50M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$44.70M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-17.70M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-18.30M	USD	Point-in-time
Treasury stock	`TreasuryStockValue`	$11.90M	USD	Point-in-time
Treasury stock	`TreasuryStockValue`	$3.50M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$1.41B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$1.68B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$1.37B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$1.71B	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$2.14B	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$2.17B	USD	Point-in-time

Income Statement 30 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	$354.40M	USD	1 Quarter
Revenues	`Revenues`	$410.90M	USD	1 Quarter
Cost of revenues	`CostOfGoodsAndServicesSold`	$332.80M	USD	1 Quarter
Cost of revenues	`CostOfGoodsAndServicesSold`	$285.60M	USD	1 Quarter
Selling, engineering, and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$37.60M	USD	1 Quarter
Selling, engineering, and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$40.80M	USD	1 Quarter
Total operating costs	`OperatingExpenses`	$373.60M	USD	1 Quarter
Total operating costs	`OperatingExpenses`	$323.20M	USD	1 Quarter
Total operating profit	`OperatingIncomeLoss`	$37.30M	USD	1 Quarter
Total operating profit	`OperatingIncomeLoss`	$31.20M	USD	1 Quarter
Interest expense	`InterestExpense`	$1.90M	USD	1 Quarter
Interest expense	`InterestExpense`	-	USD	1 Quarter
Other, net (income) expense	`OtherNonoperatingIncomeExpense`	$200.00K	USD	1 Quarter
Other, net (income) expense	`OtherNonoperatingIncomeExpense`	$-1.00M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$35.60M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$30.20M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$8.00M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$7.90M	USD	1 Quarter
Net income	`NetIncomeLoss`	$27.70M	USD	1 Quarter
Net income	`NetIncomeLoss`	$22.20M	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.57	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.45	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.45	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.56	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	48.80M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	47.90M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	48.50M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	48.80M	shares	1 Quarter
Dividends declared per common share	`CommonStockDividendsPerShareDeclared`	-	USD	1 Quarter
Dividends declared per common share	`CommonStockDividendsPerShareDeclared`	$0.05	USD	1 Quarter

Cash Flow Statement 60 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$27.70M	USD	1 Quarter
Net income	`NetIncomeLoss`	$22.20M	USD	1 Quarter
Depreciation, depletion, and amortization	`DepreciationDepletionAndAmortization`	$17.10M	USD	1 Quarter
Depreciation, depletion, and amortization	`DepreciationDepletionAndAmortization`	$19.80M	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$3.40M	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$2.20M	USD	1 Quarter
Provision for deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$3.40M	USD	1 Quarter
Provision for deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$2.70M	USD	1 Quarter
Gains on dispositions of property and other assets	`GainLossOnSaleOfPropertyPlantEquipment`	$400.00K	USD	1 Quarter
Gains on dispositions of property and other assets	`GainLossOnSaleOfPropertyPlantEquipment`	$100.00K	USD	1 Quarter
(Increase) decrease in other assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$-800.00K	USD	1 Quarter
(Increase) decrease in other assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$1.20M	USD	1 Quarter
Increase (decrease) in other liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$-400.00K	USD	1 Quarter
Increase (decrease) in other liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$1.90M	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	-	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$1.20M	USD	1 Quarter
(Increase) decrease in receivables	`IncreaseDecreaseInAccountsReceivable`	$-35.50M	USD	1 Quarter
(Increase) decrease in receivables	`IncreaseDecreaseInAccountsReceivable`	$-85.20M	USD	1 Quarter
(Increase) decrease in inventories	`IncreaseDecreaseInInventories`	$17.50M	USD	1 Quarter
(Increase) decrease in inventories	`IncreaseDecreaseInInventories`	$-14.50M	USD	1 Quarter
(Increase) decrease in other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$-1.60M	USD	1 Quarter
(Increase) decrease in other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$-1.60M	USD	1 Quarter
Increase (decrease) in accounts payable	`IncreaseDecreaseInAccountsPayable`	$-6.90M	USD	1 Quarter
Increase (decrease) in accounts payable	`IncreaseDecreaseInAccountsPayable`	$-300.00K	USD	1 Quarter
Increase (decrease) in accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-6.20M	USD	1 Quarter
Increase (decrease) in accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$9.20M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$89.60M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$125.00M	USD	1 Quarter
Proceeds from dispositions of property and other assets	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$700.00K	USD	1 Quarter
Proceeds from dispositions of property and other assets	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$700.00K	USD	1 Quarter
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$7.60M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$18.00M	USD	1 Quarter
Acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	-	USD	1 Quarter
Acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$25.00M	USD	1 Quarter
Net cash required by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-31.90M	USD	1 Quarter
Net cash required by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-17.30M	USD	1 Quarter
Payments to retire debt	`RepaymentsOfLongTermDebtAndCapitalSecurities`	-	USD	1 Quarter
Payments to retire debt	`RepaymentsOfLongTermDebtAndCapitalSecurities`	$80.40M	USD	1 Quarter
Shares repurchased	`Cashsettledpaymentsforrepurchaseofcommonstock`	-	USD	1 Quarter
Shares repurchased	`Cashsettledpaymentsforrepurchaseofcommonstock`	$6.00M	USD	1 Quarter
Dividends paid to common shareholders	`PaymentsOfDividendsCommonStock`	$2.50M	USD	1 Quarter
Dividends paid to common shareholders	`PaymentsOfDividendsCommonStock`	-	USD	1 Quarter
Purchase of shares to satisfy employee tax on vested stock	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	-	USD	1 Quarter
Purchase of shares to satisfy employee tax on vested stock	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$200.00K	USD	1 Quarter
Net transfers from/(to) Former Parent and affiliates	`NetTransfersFromToParentandAffiliates`	$-54.80M	USD	1 Quarter
Net transfers from/(to) Former Parent and affiliates	`NetTransfersFromToParentandAffiliates`	-	USD	1 Quarter
Proceeds from (Payments for) Other Financing Activities	`ProceedsFromPaymentsForOtherFinancingActivities`	$-3.00M	USD	1 Quarter
Proceeds from (Payments for) Other Financing Activities	`ProceedsFromPaymentsForOtherFinancingActivities`	-	USD	1 Quarter
Net cash required by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-57.80M	USD	1 Quarter
Net cash required by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-89.10M	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-100.00K	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$18.60M	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$6.80M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$99.40M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$6.70M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$118.00M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$6.80M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$99.40M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$6.70M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$118.00M	USD	Point-in-time

Stockholders Equity 22 line items

Line Item	Tag	Value	Unit	Period
Par value of common stock	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$1.41B	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$1.68B	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$1.37B	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$1.71B	USD	Point-in-time
Cumulative effect of adopting new accounting standard	`CumulativeEffectofNewAccountingPrincipleinPeriodofAdoptionDuration`	$-4.00M	USD	1 Quarter
Net income	`NetIncomeLoss`	$27.70M	USD	1 Quarter
Net income	`NetIncomeLoss`	$22.20M	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$300.00K	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$-600.00K	USD	1 Quarter
Net transfers from parent and affiliates	`NetTransfersFromToFormerParentandAffiliates`	$-56.20M	USD	1 Quarter
Dividends paid to common shareholders	`PaymentsOfDividendsCommonStock`	$2.50M	USD	1 Quarter
Dividends paid to common shareholders	`PaymentsOfDividendsCommonStock`	-	USD	1 Quarter
Restricted shares, net	`StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures`	$2.20M	USD	1 Quarter
Restricted shares, net	`StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures`	$3.20M	USD	1 Quarter
Shares repurchased, shares	`TreasuryStockSharesAcquired`	269,574.00	shares	1 Quarter
Shares repurchased	`TreasuryStockValueAcquiredCostMethod`	$8.00M	USD	1 Quarter
Stockholders' equity, other	`StockholdersEquityOther`	$900.00K	USD	1 Quarter
Ending balance	`StockholdersEquity`	$1.41B	USD	Point-in-time
Ending balance	`StockholdersEquity`	$1.68B	USD	Point-in-time
Ending balance	`StockholdersEquity`	$1.37B	USD	Point-in-time
Ending balance	`StockholdersEquity`	$1.71B	USD	Point-in-time

Comprehensive Income 18 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$27.70M	USD	1 Quarter
Unrealized losses arising during the period, tax expense (benefit)	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax`	-	USD	1 Quarter
Net income	`NetIncomeLoss`	$22.20M	USD	1 Quarter
Unrealized losses arising during the period, tax expense (benefit)	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax`	$-200.00K	USD	1 Quarter
Reclassification adjustments for losses included in net income, tax expense (benefit)	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesTax`	-	USD	1 Quarter
Reclassification adjustments for losses included in net income, tax expense (benefit)	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesTax`	-	USD	1 Quarter
Unrealized gains (losses) arising during the period, net of tax expense (benefit)	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	$-200.00K	USD	1 Quarter
Unrealized gains (losses) arising during the period, net of tax expense (benefit)	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	-	USD	1 Quarter
Unrealized losses arising during the period, net of tax expense (benefit) of ($0.2) and $0.0	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$-1.00M	USD	1 Quarter
Unrealized losses arising during the period, net of tax expense (benefit) of ($0.2) and $0.0	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	-	USD	1 Quarter
Reclassification adjustments for losses included in net income, net of tax expense (benefit) of $0.0 and $0.0	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax`	-	USD	1 Quarter
Reclassification adjustments for losses included in net income, net of tax expense (benefit) of $0.0 and $0.0	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax`	$-100.00K	USD	1 Quarter
Unrealized gains (losses) arising during the period, net of tax expense (benefit) of ($0.2) and $0.0	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$300.00K	USD	1 Quarter
Unrealized gains (losses) arising during the period, net of tax expense (benefit) of ($0.2) and $0.0	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$300.00K	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$300.00K	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$-600.00K	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$27.10M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$22.50M	USD	1 Quarter

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