10-Q Filing

ARCOSA, INC. CIK: 1739445 Q1 2021

Filing Information

Form Type	10-Q
Accession Number	`0001739445-21-000044`
Period End Date	20210331
Filing Date	20210430
Fiscal Year	2021
Fiscal Period	Q1
XBRL Instance	aca-20210331_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 66 Income Statement 30 Cash Flow Statement 62 Stockholders Equity 20 Comprehensive Income 18

Balance Sheet 66 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$81.90M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$240.40M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$200.70M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$95.80M	USD	Point-in-time
Receivables, net of allowance	`AccountsReceivableNetCurrent`	$289.10M	USD	Point-in-time
Receivables, net of allowance	`AccountsReceivableNetCurrent`	$260.20M	USD	Point-in-time
Raw materials and supplies	`InventoryRawMaterialsAndSuppliesNetOfReserves`	$114.60M	USD	Point-in-time
Raw materials and supplies	`InventoryRawMaterialsAndSuppliesNetOfReserves`	$136.70M	USD	Point-in-time
Work in process	`InventoryWorkInProcessNetOfReserves`	$45.00M	USD	Point-in-time
Work in process	`InventoryWorkInProcessNetOfReserves`	$44.40M	USD	Point-in-time
Finished goods	`InventoryFinishedGoodsNetOfReserves`	$107.60M	USD	Point-in-time
Finished goods	`InventoryFinishedGoodsNetOfReserves`	$117.80M	USD	Point-in-time
Total inventory	`InventoryNet`	$289.30M	USD	Point-in-time
Total inventory	`InventoryNet`	$276.80M	USD	Point-in-time
Other	`OtherAssetsCurrent`	$32.10M	USD	Point-in-time
Other	`OtherAssetsCurrent`	$37.50M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$664.90M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$697.80M	USD	Point-in-time
Property, plant, and equipment, net	`PropertyPlantAndEquipmentNet`	$905.20M	USD	Point-in-time
Property, plant, and equipment, net	`PropertyPlantAndEquipmentNet`	$913.30M	USD	Point-in-time
Goodwill	`Goodwill`	$791.30M	USD	Point-in-time
Goodwill	`Goodwill`	$794.00M	USD	Point-in-time
Intangibles, net	`IntangibleAssetsNetExcludingGoodwill`	$212.90M	USD	Point-in-time
Intangibles, net	`IntangibleAssetsNetExcludingGoodwill`	$211.70M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsDeferredIncome`	$15.40M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsDeferredIncome`	$15.20M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$44.80M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$46.20M	USD	Point-in-time
Total assets	`Assets`	$2.67B	USD	Point-in-time
Total assets	`Assets`	$2.65B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$175.70M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$144.10M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$115.20M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$102.10M	USD	Point-in-time
Advance billings	`OtherLiabilitiesCurrent`	$28.60M	USD	Point-in-time
Advance billings	`OtherLiabilitiesCurrent`	$44.70M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$5.80M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$6.30M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$312.20M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$310.30M	USD	Point-in-time
Debt	`LongTermDebtAndCapitalLeaseObligations`	$248.20M	USD	Point-in-time
Debt	`LongTermDebtAndCapitalLeaseObligations`	$250.10M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesTaxDeferredIncome`	$112.70M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesTaxDeferredIncome`	$114.10M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$78.30M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$83.30M	USD	Point-in-time
Total liabilities	`Liabilities`	$754.70M	USD	Point-in-time
Total liabilities	`Liabilities`	$754.50M	USD	Point-in-time
Common Stock, Value, Issued	`CommonStockValue`	$500.00K	USD	Point-in-time
Common Stock, Value, Issued	`CommonStockValue`	$500.00K	USD	Point-in-time
Common Stock, Shares Authorized	`CommonStockSharesAuthorized`	200.00M	shares	Point-in-time
Common Stock, Shares Authorized	`CommonStockSharesAuthorized`	200.00M	shares	Point-in-time
Capital in excess of par value	`AdditionalPaidInCapital`	$1.69B	USD	Point-in-time
Capital in excess of par value	`AdditionalPaidInCapital`	$1.70B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$233.20M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$219.70M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-21.10M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-22.10M	USD	Point-in-time
Treasury stock	`TreasuryStockValue`	$700.00K	USD	Point-in-time
Treasury stock	`TreasuryStockValue`	-	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$1.79B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$1.91B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$1.82B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$1.89B	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$2.65B	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$2.67B	USD	Point-in-time

Income Statement 30 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	$488.20M	USD	1 Quarter
Revenues	`Revenues`	$440.40M	USD	1 Quarter
Cost of revenues	`CostOfRevenue`	$361.10M	USD	1 Quarter
Cost of revenues	`CostOfRevenue`	$391.30M	USD	1 Quarter
Selling, general, and administrative expenses	`OperatingExpenses`	$56.40M	USD	1 Quarter
Selling, general, and administrative expenses	`OperatingExpenses`	$51.80M	USD	1 Quarter
Costs and Expenses, Total	`CostsAndExpenses`	$417.50M	USD	1 Quarter
Costs and Expenses, Total	`CostsAndExpenses`	$443.10M	USD	1 Quarter
Total operating profit	`OperatingIncomeLoss`	$45.10M	USD	1 Quarter
Total operating profit	`OperatingIncomeLoss`	$22.90M	USD	1 Quarter
Interest expense	`InterestExpense`	$2.10M	USD	1 Quarter
Interest expense	`InterestExpense`	$3.30M	USD	1 Quarter
Other, net (income) expense	`OtherNonoperatingIncomeExpense`	$-500.00K	USD	1 Quarter
Other, net (income) expense	`OtherNonoperatingIncomeExpense`	$200.00K	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$42.00M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$20.30M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$10.40M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$4.40M	USD	1 Quarter
Net income	`NetIncomeLoss`	$15.90M	USD	1 Quarter
Net income	`NetIncomeLoss`	$31.60M	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.33	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.65	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.65	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.32	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	47.80M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	48.00M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	48.80M	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`	$15.90M	USD	1 Quarter
Net income	`NetIncomeLoss`	$31.60M	USD	1 Quarter
Depreciation, depletion, and amortization	`DepreciationDepletionAndAmortization`	$31.40M	USD	1 Quarter
Depreciation, depletion, and amortization	`DepreciationDepletionAndAmortization`	$26.80M	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$3.70M	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$4.70M	USD	1 Quarter
Provision for deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$3.20M	USD	1 Quarter
Provision for deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$1.30M	USD	1 Quarter
Gains on disposition of property and other assets	`GainLossOnSaleOfPropertyPlantEquipment`	$5.90M	USD	1 Quarter
Gains on disposition of property and other assets	`GainLossOnSaleOfPropertyPlantEquipment`	$800.00K	USD	1 Quarter
(Increase) decrease in other assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$-1.50M	USD	1 Quarter
(Increase) decrease in other assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$2.40M	USD	1 Quarter
Increase (decrease) in other liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$-4.00M	USD	1 Quarter
Increase (decrease) in other liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$200.00K	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$-2.00M	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$-2.20M	USD	1 Quarter
(Increase) decrease in receivables	`IncreaseDecreaseInAccountsReceivable`	$31.90M	USD	1 Quarter
(Increase) decrease in receivables	`IncreaseDecreaseInAccountsReceivable`	$7.20M	USD	1 Quarter
(Increase) decrease in inventories	`IncreaseDecreaseInInventories`	$14.70M	USD	1 Quarter
(Increase) decrease in inventories	`IncreaseDecreaseInInventories`	$7.90M	USD	1 Quarter
(Increase) decrease in other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$5.40M	USD	1 Quarter
(Increase) decrease in other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$-7.80M	USD	1 Quarter
Increase (decrease) in accounts payable	`IncreaseDecreaseInAccountsPayable`	$14.00M	USD	1 Quarter
Increase (decrease) in accounts payable	`IncreaseDecreaseInAccountsPayable`	$31.60M	USD	1 Quarter
Increase (decrease) in advance billings	`IncreaseDecreaseInAdvanceBillings`	$-9.40M	USD	1 Quarter
Increase (decrease) in advance billings	`IncreaseDecreaseInAdvanceBillings`	$-16.10M	USD	1 Quarter
Increase (decrease) in accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-20.10M	USD	1 Quarter
Increase (decrease) in accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-10.20M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$41.50M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$400.00K	USD	1 Quarter
Proceeds from disposition of property and other assets	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$9.50M	USD	1 Quarter
Proceeds from disposition of property and other assets	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$5.10M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$19.90M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$21.10M	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`	$-10.40M	USD	1 Quarter
Payments to retire debt	`RepaymentsOfLongTermDebtAndCapitalSecurities`	$1.40M	USD	1 Quarter
Payments to retire debt	`RepaymentsOfLongTermDebtAndCapitalSecurities`	$300.00K	USD	1 Quarter
Proceeds from issuance of debt	`ProceedsFromIssuanceOfLongTermDebtAndCapitalSecuritiesNet`	$250.20M	USD	1 Quarter
Proceeds from issuance of debt	`ProceedsFromIssuanceOfLongTermDebtAndCapitalSecuritiesNet`	-	USD	1 Quarter
Shares repurchased	`PaymentsForRepurchaseOfCommonStock`	-	USD	1 Quarter
Shares repurchased	`PaymentsForRepurchaseOfCommonStock`	$2.00M	USD	1 Quarter
Dividends paid to common shareholders	`PaymentsOfOrdinaryDividends`	$2.50M	USD	1 Quarter
Dividends paid to common shareholders	`PaymentsOfOrdinaryDividends`	$2.40M	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`	$100.00K	USD	1 Quarter
Proceeds from (Payments for) Other Financing Activities	`ProceedsFromPaymentsForOtherFinancingActivities`	$-1.20M	USD	1 Quarter
Proceeds from (Payments for) Other Financing Activities	`ProceedsFromPaymentsForOtherFinancingActivities`	-	USD	1 Quarter
Net cash provided by (required by) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-3.90M	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`	$-39.70M	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-13.90M	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$81.90M	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`	$200.70M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$95.80M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$81.90M	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`	$200.70M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$95.80M	USD	Point-in-time

Stockholders Equity 20 line items

Line Item	Tag	Value	Unit	Period
Common Stock, Par or Stated Value Per Share	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$1.79B	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$1.91B	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$1.82B	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$1.89B	USD	Point-in-time
Net income	`NetIncomeLoss`	$15.90M	USD	1 Quarter
Net income	`NetIncomeLoss`	$31.60M	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$1.00M	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$-4.30M	USD	1 Quarter
Dividends paid to common shareholders	`PaymentsOfDividendsCommonStock`	$2.40M	USD	1 Quarter
Dividends paid to common shareholders	`PaymentsOfDividendsCommonStock`	$2.50M	USD	1 Quarter
Restricted shares, net - value	`StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures`	$4.60M	USD	1 Quarter
Restricted shares, net - value	`StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures`	$3.70M	USD	1 Quarter
Shares repurchased, shares	`TreasuryStockSharesAcquired`	0.00	shares	1 Quarter
Shares repurchased	`TreasuryStockValueAcquiredCostMethod`	$2.00M	USD	1 Quarter
Stockholders' equity, other	`StockholdersEquityOther`	$-900.00K	USD	1 Quarter
Ending balance	`StockholdersEquity`	$1.79B	USD	Point-in-time
Ending balance	`StockholdersEquity`	$1.91B	USD	Point-in-time
Ending balance	`StockholdersEquity`	$1.82B	USD	Point-in-time
Ending balance	`StockholdersEquity`	$1.89B	USD	Point-in-time

Comprehensive Income 18 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$15.90M	USD	1 Quarter
Net income	`NetIncomeLoss`	$31.60M	USD	1 Quarter
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), before Reclassification, after Tax	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax`	$-3.40M	USD	1 Quarter
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), before Reclassification, after Tax	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax`	$500.00K	USD	1 Quarter
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), before Reclassification, Tax	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationTax`	$-900.00K	USD	1 Quarter
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), before Reclassification, Tax	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationTax`	$200.00K	USD	1 Quarter
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), Reclassification, after Tax	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax`	$-400.00K	USD	1 Quarter
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), Reclassification, after Tax	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax`	$-200.00K	USD	1 Quarter
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), Reclassification, Tax	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationTax`	$-100.00K	USD	1 Quarter
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), Reclassification, Tax	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationTax`	$-100.00K	USD	1 Quarter
Unrealized gains (losses) arising during the period, net of tax expense (benefit)	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$100.00K	USD	1 Quarter
Unrealized gains (losses) arising during the period, net of tax expense (benefit)	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-1.10M	USD	1 Quarter
Other Comprehensive Income (Loss), Foreign Currency Translation Adjustment, Tax	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	-	USD	1 Quarter
Other Comprehensive Income (Loss), Foreign Currency Translation Adjustment, Tax	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	$-200.00K	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$1.00M	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$-4.30M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$16.90M	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.