10-Q Filing

ARCOSA, INC. CIK: 1739445 Q1 2022

Filing Information

Form Type	10-Q
Accession Number	`0001739445-22-000034`
Period End Date	20220331
Filing Date	20220429
Fiscal Year	2022
Fiscal Period	Q1
XBRL Instance	aca-20220331_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 64 Income Statement 30 Cash Flow Statement 54 Stockholders Equity 19 Comprehensive Income 18

Balance Sheet 64 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$72.90M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$88.60M	USD	Point-in-time
Receivables, net of allowance	`AccountsReceivableNetCurrent`	$310.80M	USD	Point-in-time
Receivables, net of allowance	`AccountsReceivableNetCurrent`	$373.70M	USD	Point-in-time
Raw materials and supplies	`InventoryRawMaterialsAndSuppliesNetOfReserves`	$150.80M	USD	Point-in-time
Raw materials and supplies	`InventoryRawMaterialsAndSuppliesNetOfReserves`	$156.90M	USD	Point-in-time
Work in process	`InventoryWorkInProcessNetOfReserves`	$64.00M	USD	Point-in-time
Work in process	`InventoryWorkInProcessNetOfReserves`	$53.60M	USD	Point-in-time
Finished goods	`InventoryFinishedGoodsNetOfReserves`	$121.90M	USD	Point-in-time
Finished goods	`InventoryFinishedGoodsNetOfReserves`	$120.10M	USD	Point-in-time
Total inventory	`InventoryNet`	$324.50M	USD	Point-in-time
Total inventory	`InventoryNet`	$342.80M	USD	Point-in-time
Other	`OtherAssetsCurrent`	$59.70M	USD	Point-in-time
Other	`OtherAssetsCurrent`	$36.50M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$767.90M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$841.60M	USD	Point-in-time
Property, plant, and equipment, net	`PropertyPlantAndEquipmentNet`	$1.20B	USD	Point-in-time
Property, plant, and equipment, net	`PropertyPlantAndEquipmentNet`	$1.20B	USD	Point-in-time
Goodwill	`Goodwill`	$938.60M	USD	Point-in-time
Goodwill	`Goodwill`	$934.90M	USD	Point-in-time
Intangibles, net	`IntangibleAssetsNetExcludingGoodwill`	$215.90M	USD	Point-in-time
Intangibles, net	`IntangibleAssetsNetExcludingGoodwill`	$220.30M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsDeferredIncome`	$13.20M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsDeferredIncome`	$12.60M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$49.90M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$51.70M	USD	Point-in-time
Total assets	`Assets`	$3.26B	USD	Point-in-time
Total assets	`Assets`	$3.19B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$184.70M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$228.70M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$140.40M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$145.90M	USD	Point-in-time
Advance billings	`OtherLiabilitiesCurrent`	$18.60M	USD	Point-in-time
Advance billings	`OtherLiabilitiesCurrent`	$20.40M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$14.80M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$14.20M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$364.00M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$403.70M	USD	Point-in-time
Debt	`LongTermDebtAndCapitalLeaseObligations`	$664.70M	USD	Point-in-time
Debt	`LongTermDebtAndCapitalLeaseObligations`	$666.40M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesTaxDeferredIncome`	$137.50M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesTaxDeferredIncome`	$134.00M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$71.60M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$72.10M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.23B	USD	Point-in-time
Total liabilities	`Liabilities`	$1.28B	USD	Point-in-time
Common stock	`CommonStockValue`	$500.00K	USD	Point-in-time
Common stock	`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`	$1.70B	USD	Point-in-time
Capital in excess of par value	`AdditionalPaidInCapital`	$1.69B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$279.50M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$297.30M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-19.30M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-17.10M	USD	Point-in-time
Treasury stock	`TreasuryStockValue`	-	USD	Point-in-time
Treasury stock	`TreasuryStockValue`	$200.00K	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$1.98B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$1.91B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$1.95B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$1.89B	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$3.19B	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$3.26B	USD	Point-in-time

Income Statement 30 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	$535.80M	USD	1 Quarter
Revenues	`Revenues`	$440.40M	USD	1 Quarter
Cost of revenues	`CostOfRevenue`	$438.50M	USD	1 Quarter
Cost of revenues	`CostOfRevenue`	$361.10M	USD	1 Quarter
Selling, general, and administrative expenses	`OperatingExpenses`	$56.40M	USD	1 Quarter
Selling, general, and administrative expenses	`OperatingExpenses`	$62.60M	USD	1 Quarter
Costs and Expenses, Total	`CostsAndExpenses`	$417.50M	USD	1 Quarter
Costs and Expenses, Total	`CostsAndExpenses`	$501.10M	USD	1 Quarter
Total operating profit	`OperatingIncomeLoss`	$22.90M	USD	1 Quarter
Total operating profit	`OperatingIncomeLoss`	$34.70M	USD	1 Quarter
Interest expense	`InterestExpense`	$2.10M	USD	1 Quarter
Interest expense	`InterestExpense`	$7.20M	USD	1 Quarter
Other, net (income) expense	`OtherNonoperatingIncomeExpense`	$-900.00K	USD	1 Quarter
Other, net (income) expense	`OtherNonoperatingIncomeExpense`	$-500.00K	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$20.30M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$26.60M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$4.40M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$6.40M	USD	1 Quarter
Net income	`NetIncomeLoss`	$15.90M	USD	1 Quarter
Net income	`NetIncomeLoss`	$20.20M	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.42	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.33	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.41	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.32	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	48.00M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	48.20M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	48.80M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	48.80M	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 54 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$15.90M	USD	1 Quarter
Net income	`NetIncomeLoss`	$20.20M	USD	1 Quarter
Depreciation, depletion, and amortization	`DepreciationDepletionAndAmortization`	$37.80M	USD	1 Quarter
Depreciation, depletion, and amortization	`DepreciationDepletionAndAmortization`	$31.40M	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$4.70M	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$4.40M	USD	1 Quarter
Provision for deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$1.30M	USD	1 Quarter
Provision for deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$5.10M	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`	$1.20M	USD	1 Quarter
(Increase) decrease in other assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$-1.50M	USD	1 Quarter
(Increase) decrease in other assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$1.20M	USD	1 Quarter
Increase (decrease) in other liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$-4.00M	USD	1 Quarter
Increase (decrease) in other liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$-3.00M	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$-500.00K	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$-2.20M	USD	1 Quarter
(Increase) decrease in receivables	`IncreaseDecreaseInAccountsReceivable`	$69.30M	USD	1 Quarter
(Increase) decrease in receivables	`IncreaseDecreaseInAccountsReceivable`	$31.90M	USD	1 Quarter
(Increase) decrease in inventories	`IncreaseDecreaseInInventories`	$14.70M	USD	1 Quarter
(Increase) decrease in inventories	`IncreaseDecreaseInInventories`	$18.20M	USD	1 Quarter
(Increase) decrease in other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$-2.70M	USD	1 Quarter
(Increase) decrease in other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$5.40M	USD	1 Quarter
Increase (decrease) in accounts payable	`IncreaseDecreaseInAccountsPayable`	$44.00M	USD	1 Quarter
Increase (decrease) in accounts payable	`IncreaseDecreaseInAccountsPayable`	$31.60M	USD	1 Quarter
Increase (decrease) in advance billings	`IncreaseDecreaseInAdvanceBillings`	$-16.10M	USD	1 Quarter
Increase (decrease) in advance billings	`IncreaseDecreaseInAdvanceBillings`	$1.80M	USD	1 Quarter
Increase (decrease) in accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$900.00K	USD	1 Quarter
Increase (decrease) in accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-10.20M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$24.50M	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`	$20.60M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$19.90M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$25.90M	USD	1 Quarter
Net cash required by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-5.30M	USD	1 Quarter
Net cash required by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-10.40M	USD	1 Quarter
Payments to retire debt	`RepaymentsOfLongTermDebtAndCapitalSecurities`	$1.00M	USD	1 Quarter
Payments to retire debt	`RepaymentsOfLongTermDebtAndCapitalSecurities`	$1.40M	USD	1 Quarter
Dividends paid to common stockholders	`PaymentsOfOrdinaryDividends`	$2.40M	USD	1 Quarter
Dividends paid to common stockholders	`PaymentsOfOrdinaryDividends`	$2.40M	USD	1 Quarter
Purchase of shares to satisfy employee tax on vested stock	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$100.00K	USD	1 Quarter
Purchase of shares to satisfy employee tax on vested stock	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$100.00K	USD	1 Quarter
Net cash required by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-3.50M	USD	1 Quarter
Net cash required by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-3.90M	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$15.70M	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	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$81.90M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$95.80M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$88.60M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$72.90M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$81.90M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$95.80M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$88.60M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$72.90M	USD	Point-in-time

Stockholders Equity 19 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`	$1.98B	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$1.91B	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$1.95B	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$1.89B	USD	Point-in-time
Net income	`NetIncomeLoss`	$15.90M	USD	1 Quarter
Net income	`NetIncomeLoss`	$20.20M	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$1.00M	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$2.20M	USD	1 Quarter
Dividends paid to common stockholders	`PaymentsOfDividendsCommonStock`	$2.40M	USD	1 Quarter
Dividends paid to common stockholders	`PaymentsOfDividendsCommonStock`	$2.40M	USD	1 Quarter
Restricted shares, net - value	`StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures`	$4.30M	USD	1 Quarter
Restricted shares, net - value	`StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures`	$4.60M	USD	1 Quarter
Shares repurchased, shares	`TreasuryStockSharesAcquired`	0.00	shares	1 Quarter
Shares repurchased	`TreasuryStockValueAcquiredCostMethod`	-	USD	1 Quarter
Ending balance	`StockholdersEquity`	$1.98B	USD	Point-in-time
Ending balance	`StockholdersEquity`	$1.91B	USD	Point-in-time
Ending balance	`StockholdersEquity`	$1.95B	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
Unrealized gains (losses) arising during the period, tax expense (benefit)	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationTax`	$200.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$20.20M	USD	1 Quarter
Unrealized gains (losses) arising during the period, tax expense (benefit)	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationTax`	$400.00K	USD	1 Quarter
Reclassification adjustments for losses included in net income, tax expense (benefit)	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationTax`	$-100.00K	USD	1 Quarter
Reclassification adjustments for losses included in net income, tax expense (benefit)	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationTax`	$-100.00K	USD	1 Quarter
Unrealized gains (losses) arising during the period, tax expense (benefit)	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	-	USD	1 Quarter
Unrealized gains (losses) arising during the period, tax expense (benefit)	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	-	USD	1 Quarter
Unrealized gains (losses) arising during the period, net of tax expense (benefit)	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax`	$1.60M	USD	1 Quarter
Unrealized gains (losses) arising during the period, net of tax expense (benefit)	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax`	$500.00K	USD	1 Quarter
Reclassification adjustments for losses included in net income, net of tax expense (benefit)	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax`	$-500.00K	USD	1 Quarter
Reclassification adjustments for losses included in net income, net of tax expense (benefit)	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax`	$-400.00K	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`	$100.00K	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$1.00M	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$2.20M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$16.90M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$22.40M	USD	1 Quarter

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