10-Q Filing

ARCOSA, INC. CIK: 1739445 Q1 2020

Filing Information

Form Type	10-Q
Accession Number	`0001739445-20-000046`
Period End Date	20200331
Filing Date	20200429
Fiscal Year	2020
Fiscal Period	Q1
XBRL Instance	aca-20200331_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 64 Income Statement 30 Cash Flow Statement 62 Stockholders Equity 22 Comprehensive Income 18

Balance Sheet 64 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`	$200.70M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$99.40M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$240.40M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$118.00M	USD	Point-in-time
Receivables, net of allowance	`AccountsReceivableNetCurrent`	$200.00M	USD	Point-in-time
Receivables, net of allowance	`AccountsReceivableNetCurrent`	$238.10M	USD	Point-in-time
Raw materials and supplies	`InventoryRawMaterialsAndSuppliesNetOfReserves`	$134.80M	USD	Point-in-time
Raw materials and supplies	`InventoryRawMaterialsAndSuppliesNetOfReserves`	$139.10M	USD	Point-in-time
Work in process	`InventoryWorkInProcessNetOfReserves`	$41.70M	USD	Point-in-time
Work in process	`InventoryWorkInProcessNetOfReserves`	$46.40M	USD	Point-in-time
Finished goods	`InventoryFinishedGoodsNetOfReserves`	$106.80M	USD	Point-in-time
Finished goods	`InventoryFinishedGoodsNetOfReserves`	$117.90M	USD	Point-in-time
Total inventory	`InventoryNet`	$303.40M	USD	Point-in-time
Total inventory	`InventoryNet`	$283.30M	USD	Point-in-time
Other	`OtherAssetsCurrent`	$29.80M	USD	Point-in-time
Other	`OtherAssetsCurrent`	$33.50M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$772.00M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$757.20M	USD	Point-in-time
Property, plant, and equipment, net	`PropertyPlantAndEquipmentNet`	$816.20M	USD	Point-in-time
Property, plant, and equipment, net	`PropertyPlantAndEquipmentNet`	$891.70M	USD	Point-in-time
Goodwill	`Goodwill`	$621.90M	USD	Point-in-time
Goodwill	`Goodwill`	$752.70M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsDeferredIncome`	$14.30M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsDeferredIncome`	$15.40M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$189.80M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$92.90M	USD	Point-in-time
Total assets	`Assets`	$2.30B	USD	Point-in-time
Total assets	`Assets`	$2.62B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$113.20M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$90.00M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$119.40M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$99.70M	USD	Point-in-time
Advance billings	`OtherLiabilitiesCurrent`	$70.90M	USD	Point-in-time
Advance billings	`OtherLiabilitiesCurrent`	$61.50M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$3.70M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$4.60M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$284.00M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$279.00M	USD	Point-in-time
Debt	`LongTermDebtAndCapitalLeaseObligations`	$103.60M	USD	Point-in-time
Debt	`LongTermDebtAndCapitalLeaseObligations`	$352.30M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesTaxDeferredIncome`	$66.40M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesTaxDeferredIncome`	$98.70M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$58.10M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$75.60M	USD	Point-in-time
Total liabilities	`Liabilities`	$805.60M	USD	Point-in-time
Total liabilities	`Liabilities`	$512.10M	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`	$122.90M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$152.00M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-24.00M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-19.70M	USD	Point-in-time
Treasury stock	`TreasuryStockValue`	-	USD	Point-in-time
Treasury stock	`TreasuryStockValue`	$3.00M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$1.68B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$1.79B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$1.71B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$1.82B	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$2.30B	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$2.62B	USD	Point-in-time

Income Statement 30 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	$410.90M	USD	1 Quarter
Revenues	`Revenues`	$488.20M	USD	1 Quarter
Cost of revenues	`CostOfRevenue`	$332.80M	USD	1 Quarter
Cost of revenues	`CostOfRevenue`	$391.30M	USD	1 Quarter
Selling, general, and administrative expenses	`OperatingExpenses`	$51.80M	USD	1 Quarter
Selling, general, and administrative expenses	`OperatingExpenses`	$40.80M	USD	1 Quarter
Costs and Expenses, Total	`CostsAndExpenses`	$373.60M	USD	1 Quarter
Costs and Expenses, Total	`CostsAndExpenses`	$443.10M	USD	1 Quarter
Total operating profit	`OperatingIncomeLoss`	$37.30M	USD	1 Quarter
Total operating profit	`OperatingIncomeLoss`	$45.10M	USD	1 Quarter
Interest expense	`InterestExpense`	$3.30M	USD	1 Quarter
Interest expense	`InterestExpense`	$1.90M	USD	1 Quarter
Other, net (income) expense	`OtherNonoperatingIncomeExpense`	$200.00K	USD	1 Quarter
Other, net (income) expense	`OtherNonoperatingIncomeExpense`	$200.00K	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$35.60M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$42.00M	USD	1 Quarter
Provision (benefit) for income taxes	`IncomeTaxExpenseBenefit`	$7.90M	USD	1 Quarter
Provision (benefit) for income taxes	`IncomeTaxExpenseBenefit`	$10.40M	USD	1 Quarter
Net income	`NetIncomeLoss`	$27.70M	USD	1 Quarter
Net income	`NetIncomeLoss`	$31.60M	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.65	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.57	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.65	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.56	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	47.90M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	47.80M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	48.50M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	48.40M	shares	1 Quarter
Dividends declared per common share	`CommonStockDividendsPerShareDeclared`	$0.05	USD	1 Quarter
Dividends declared per common share	`CommonStockDividendsPerShareDeclared`	$0.05	USD	1 Quarter

Cash Flow Statement 62 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$27.70M	USD	1 Quarter
Net income	`NetIncomeLoss`	$31.60M	USD	1 Quarter
Depreciation, depletion, and amortization	`DepreciationDepletionAndAmortization`	$26.80M	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`	$3.70M	USD	1 Quarter
Provision for deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$3.40M	USD	1 Quarter
Provision for deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$3.20M	USD	1 Quarter
Gains on disposition of property and other assets	`GainLossOnSaleOfPropertyPlantEquipment`	$400.00K	USD	1 Quarter
Gains on disposition of property and other assets	`GainLossOnSaleOfPropertyPlantEquipment`	$800.00K	USD	1 Quarter
(Increase) decrease in other assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$1.20M	USD	1 Quarter
(Increase) decrease in other assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$2.40M	USD	1 Quarter
Increase (decrease) in other liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$200.00K	USD	1 Quarter
Increase (decrease) in other liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$1.90M	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$1.20M	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$-2.00M	USD	1 Quarter
(Increase) decrease in receivables	`IncreaseDecreaseInAccountsReceivable`	$7.20M	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`	$7.90M	USD	1 Quarter
(Increase) decrease in other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$-1.60M	USD	1 Quarter
(Increase) decrease in other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$-7.80M	USD	1 Quarter
Increase (decrease) in accounts payable	`IncreaseDecreaseInAccountsPayable`	$-6.90M	USD	1 Quarter
Increase (decrease) in accounts payable	`IncreaseDecreaseInAccountsPayable`	$14.00M	USD	1 Quarter
Increase (decrease) in advance billings	`IncreaseDecreaseInAdvanceBillings`	$-9.40M	USD	1 Quarter
Increase (decrease) in advance billings	`IncreaseDecreaseInAdvanceBillings`	$-100.00K	USD	1 Quarter
Increase (decrease) in accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-20.10M	USD	1 Quarter
Increase (decrease) in accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$9.30M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$125.00M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$41.50M	USD	1 Quarter
Proceeds from disposition of property and other assets	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$5.10M	USD	1 Quarter
Proceeds from disposition of property and other assets	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$700.00K	USD	1 Quarter
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$21.10M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$18.00M	USD	1 Quarter
Acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$309.40M	USD	1 Quarter
Acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	-	USD	1 Quarter
Net cash required by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-325.40M	USD	1 Quarter
Net cash required by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-17.30M	USD	1 Quarter
Payments to retire debt	`RepaymentsOfLongTermDebtAndCapitalSecurities`	$80.40M	USD	1 Quarter
Payments to retire debt	`RepaymentsOfLongTermDebtAndCapitalSecurities`	$300.00K	USD	1 Quarter
Proceeds from issuance of debt	`ProceedsFromIssuanceOfLongTermDebtAndCapitalSecuritiesNet`	-	USD	1 Quarter
Proceeds from issuance of debt	`ProceedsFromIssuanceOfLongTermDebtAndCapitalSecuritiesNet`	$250.20M	USD	1 Quarter
Shares repurchased	`Cashsettledpaymentsforrepurchaseofcommonstock`	$6.00M	USD	1 Quarter
Shares repurchased	`Cashsettledpaymentsforrepurchaseofcommonstock`	$2.00M	USD	1 Quarter
Dividends paid to common shareholders	`PaymentsOfOrdinaryDividends`	$2.50M	USD	1 Quarter
Dividends paid to common shareholders	`PaymentsOfOrdinaryDividends`	$2.50M	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
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	-	USD	1 Quarter
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	$-1.20M	USD	1 Quarter
Net cash provided by (required by) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-89.10M	USD	1 Quarter
Net cash provided by (required by) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$244.20M	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$18.60M	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-39.70M	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$200.70M	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`	$240.40M	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`	$200.70M	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`	$240.40M	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`	$1.68B	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$1.79B	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$1.71B	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$1.82B	USD	Point-in-time
Net income	`NetIncomeLoss`	$27.70M	USD	1 Quarter
Net income	`NetIncomeLoss`	$31.60M	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$-4.30M	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$-600.00K	USD	1 Quarter
Dividends paid to common shareholders	`PaymentsOfDividendsCommonStock`	$2.50M	USD	1 Quarter
Dividends paid to common shareholders	`PaymentsOfDividendsCommonStock`	$2.50M	USD	1 Quarter
Restricted shares, net - value	`StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures`	$3.20M	USD	1 Quarter
Restricted shares, net - value	`StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures`	$3.70M	USD	1 Quarter
Shares repurchased, shares	`TreasuryStockSharesAcquired`	56,836.00	shares	1 Quarter
Shares repurchased	`TreasuryStockValueAcquiredCostMethod`	$2.00M	USD	1 Quarter
Shares repurchased	`TreasuryStockValueAcquiredCostMethod`	$8.00M	USD	1 Quarter
Stockholders' equity, other	`StockholdersEquityOther`	$900.00K	USD	1 Quarter
Stockholders' equity, other	`StockholdersEquityOther`	$-900.00K	USD	1 Quarter
Ending balance	`StockholdersEquity`	$1.68B	USD	Point-in-time
Ending balance	`StockholdersEquity`	$1.79B	USD	Point-in-time
Ending balance	`StockholdersEquity`	$1.71B	USD	Point-in-time
Ending balance	`StockholdersEquity`	$1.82B	USD	Point-in-time

Comprehensive Income 18 line items

Line Item	Tag	Value	Unit	Period
Unrealized losses arising during the period, tax expense (benefit)	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax`	$-900.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$27.70M	USD	1 Quarter
Unrealized losses arising during the period, tax expense (benefit)	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax`	$-200.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$31.60M	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`	$-100.00K	USD	1 Quarter
Unrealized gains (losses) arising during the period, tax expense (benefit)	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	$-200.00K	USD	1 Quarter
Unrealized gains (losses) arising during the period, tax expense (benefit)	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	$-200.00K	USD	1 Quarter
Unrealized losses arising during the period, net of tax expense (benefit) of ($0.9) and ($0.2)	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$-1.00M	USD	1 Quarter
Unrealized losses arising during the period, net of tax expense (benefit) of ($0.9) and ($0.2)	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$-3.40M	USD	1 Quarter
Reclassification adjustments for losses included in net income, net of tax expense (benefit) of ($0.1) and $0.0	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax`	$-200.00K	USD	1 Quarter
Reclassification adjustments for losses included in net income, net of tax expense (benefit) of ($0.1) 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 ($0.2)	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$300.00K	USD	1 Quarter
Unrealized gains (losses) arising during the period, net of tax expense (benefit) of ($0.2) and ($0.2)	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-1.10M	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$-4.30M	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$-600.00K	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$27.10M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$27.30M	USD	1 Quarter

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