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10-Q Filing

ARCOSA, INC. CIK: 1739445 Q1 2023
Filing Information
Form Type 10-Q
Accession Number 0001739445-23-000063
Period End Date 20230331
Filing Date 20230428
Fiscal Year 2023
Fiscal Period Q1
XBRL Instance aca-20230331_htm.xml
Balance Sheet 64 line items
Line Item Tag Value Unit Period
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $160.40M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $149.20M USD Point-in-time
Receivables, net of allowance AccountsReceivableNetCurrent $393.60M USD Point-in-time
Receivables, net of allowance AccountsReceivableNetCurrent $334.20M USD Point-in-time
Raw materials and supplies InventoryRawMaterialsAndSuppliesNetOfReserves $125.20M USD Point-in-time
Raw materials and supplies InventoryRawMaterialsAndSuppliesNetOfReserves $126.30M USD Point-in-time
Work in process InventoryWorkInProcessNetOfReserves $70.80M USD Point-in-time
Work in process InventoryWorkInProcessNetOfReserves $59.20M USD Point-in-time
Finished goods InventoryFinishedGoodsNetOfReserves $130.30M USD Point-in-time
Finished goods InventoryFinishedGoodsNetOfReserves $132.30M USD Point-in-time
Total inventory InventoryNet $315.80M USD Point-in-time
Total inventory InventoryNet $328.30M USD Point-in-time
Other OtherAssetsCurrent $46.40M USD Point-in-time
Other OtherAssetsCurrent $41.80M USD Point-in-time
Total current assets AssetsCurrent $856.80M USD Point-in-time
Total current assets AssetsCurrent $912.90M USD Point-in-time
Property, plant, and equipment, net PropertyPlantAndEquipmentNet $1.21B USD Point-in-time
Property, plant, and equipment, net PropertyPlantAndEquipmentNet $1.20B USD Point-in-time
Goodwill Goodwill $958.50M USD Point-in-time
Goodwill Goodwill $976.50M USD Point-in-time
Intangibles, net IntangibleAssetsNetExcludingGoodwill $250.90M USD Point-in-time
Intangibles, net IntangibleAssetsNetExcludingGoodwill $256.10M USD Point-in-time
Deferred income taxes DeferredTaxAssetsDeferredIncome $9.60M USD Point-in-time
Deferred income taxes DeferredTaxAssetsDeferredIncome $9.60M USD Point-in-time
Other assets OtherAssetsNoncurrent $57.50M USD Point-in-time
Other assets OtherAssetsNoncurrent $60.00M USD Point-in-time
Total assets Assets $3.42B USD Point-in-time
Total assets Assets $3.34B USD Point-in-time
Accounts payable AccountsPayableCurrent $190.70M USD Point-in-time
Accounts payable AccountsPayableCurrent $205.80M USD Point-in-time
Accrued liabilities AccruedLiabilitiesCurrent $115.70M USD Point-in-time
Accrued liabilities AccruedLiabilitiesCurrent $121.80M USD Point-in-time
Advance billings OtherLiabilitiesCurrent $40.50M USD Point-in-time
Advance billings OtherLiabilitiesCurrent $44.00M USD Point-in-time
Current portion of long-term debt LongTermDebtAndCapitalLeaseObligationsCurrent $14.90M USD Point-in-time
Current portion of long-term debt LongTermDebtAndCapitalLeaseObligationsCurrent $14.70M USD Point-in-time
Total current liabilities LiabilitiesCurrent $380.40M USD Point-in-time
Total current liabilities LiabilitiesCurrent $367.70M USD Point-in-time
Debt LongTermDebtAndCapitalLeaseObligations $535.90M USD Point-in-time
Debt LongTermDebtAndCapitalLeaseObligations $535.00M USD Point-in-time
Deferred income taxes DeferredTaxLiabilitiesTaxDeferredIncome $175.60M USD Point-in-time
Deferred income taxes DeferredTaxLiabilitiesTaxDeferredIncome $183.00M USD Point-in-time
Other liabilities OtherLiabilitiesNoncurrent $77.00M USD Point-in-time
Other liabilities OtherLiabilitiesNoncurrent $75.50M USD Point-in-time
Total liabilities Liabilities $1.17B USD Point-in-time
Total liabilities Liabilities $1.16B 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 $1.69B USD Point-in-time
Capital in excess of par value AdditionalPaidInCapital $1.68B USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $568.80M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $515.50M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-15.90M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-15.70M USD Point-in-time
Treasury stock TreasuryStockValue $500.00K USD Point-in-time
Treasury stock TreasuryStockValue - USD Point-in-time
Total stockholders' equity StockholdersEquity $1.95B USD Point-in-time
Total stockholders' equity StockholdersEquity $2.18B USD Point-in-time
Total stockholders' equity StockholdersEquity $2.24B USD Point-in-time
Total stockholders' equity StockholdersEquity $1.98B USD Point-in-time
Total liabilities and stockholders' equity LiabilitiesAndStockholdersEquity $3.34B USD Point-in-time
Total liabilities and stockholders' equity LiabilitiesAndStockholdersEquity $3.42B USD Point-in-time
Income Statement 34 line items
Line Item Tag Value Unit Period
Revenues Revenues $535.80M USD 1 Quarter
Revenues Revenues $549.20M USD 1 Quarter
Cost of revenues CostOfRevenue $439.70M USD 1 Quarter
Cost of revenues CostOfRevenue $440.60M USD 1 Quarter
Selling, general, and administrative expenses OperatingExpenses $62.50M USD 1 Quarter
Selling, general, and administrative expenses OperatingExpenses $62.60M USD 1 Quarter
Gains on disposition of property, plant, equipment, and other assets GainLossOnSaleOfPropertyPlantEquipment $22.60M USD 1 Quarter
Gains on disposition of property, plant, equipment, and other assets GainLossOnSaleOfPropertyPlantEquipment $1.20M USD 1 Quarter
Gain on sale of storage tanks business GainLossOnSaleOfBusiness - USD 1 Quarter
Gain on sale of storage tanks business GainLossOnSaleOfBusiness $6.40M USD 1 Quarter
Costs and Expenses, Total CostsAndExpenses $474.10M USD 1 Quarter
Costs and Expenses, Total CostsAndExpenses $501.10M USD 1 Quarter
Total operating profit OperatingIncomeLoss $75.10M USD 1 Quarter
Total operating profit OperatingIncomeLoss $34.70M USD 1 Quarter
Interest expense InterestExpense $7.10M USD 1 Quarter
Interest expense InterestExpense $7.20M USD 1 Quarter
Other, net (income) expense OtherNonoperatingIncomeExpense $1.90M USD 1 Quarter
Other, net (income) expense OtherNonoperatingIncomeExpense $-900.00K USD 1 Quarter
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $26.60M USD 1 Quarter
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $69.90M USD 1 Quarter
Provision for income taxes IncomeTaxExpenseBenefit $14.20M USD 1 Quarter
Provision for income taxes IncomeTaxExpenseBenefit $6.40M USD 1 Quarter
Net income NetIncomeLoss $55.70M 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 $1.15 USD 1 Quarter
Diluted (in dollars per share) EarningsPerShareDiluted $1.14 USD 1 Quarter
Diluted (in dollars per share) EarningsPerShareDiluted $0.41 USD 1 Quarter
Basic (in shares) WeightedAverageNumberOfSharesOutstandingBasic 48.30M 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 60 line items
Line Item Tag Value Unit Period
Net income NetIncomeLoss $55.70M 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 $38.80M USD 1 Quarter
Stock-based compensation expense ShareBasedCompensation $4.40M USD 1 Quarter
Stock-based compensation expense ShareBasedCompensation $5.50M USD 1 Quarter
Provision for deferred income taxes DeferredIncomeTaxExpenseBenefit $5.10M USD 1 Quarter
Provision for deferred income taxes DeferredIncomeTaxExpenseBenefit $7.40M USD 1 Quarter
Gains on disposition of property, plant, equipment, and other assets GainLossOnSaleOfPropertyPlantEquipment $22.60M USD 1 Quarter
Gains on disposition of property, plant, equipment, and other assets GainLossOnSaleOfPropertyPlantEquipment $1.20M USD 1 Quarter
Gain on sale of storage tanks business GainLossOnSaleOfBusiness - USD 1 Quarter
Gain on sale of storage tanks business GainLossOnSaleOfBusiness $6.40M USD 1 Quarter
(Increase) decrease in other assets IncreaseDecreaseInOtherNoncurrentAssets $1.20M USD 1 Quarter
(Increase) decrease in other assets IncreaseDecreaseInOtherNoncurrentAssets $-3.40M USD 1 Quarter
Increase (decrease) in other liabilities IncreaseDecreaseInOtherNoncurrentLiabilities $-3.00M USD 1 Quarter
Increase (decrease) in other liabilities IncreaseDecreaseInOtherNoncurrentLiabilities $-2.60M USD 1 Quarter
Other OtherNoncashIncomeExpense $-3.50M USD 1 Quarter
Other OtherNoncashIncomeExpense $-500.00K USD 1 Quarter
(Increase) decrease in receivables IncreaseDecreaseInAccountsReceivable $69.30M USD 1 Quarter
(Increase) decrease in receivables IncreaseDecreaseInAccountsReceivable $66.40M USD 1 Quarter
(Increase) decrease in inventories IncreaseDecreaseInInventories $18.20M USD 1 Quarter
(Increase) decrease in inventories IncreaseDecreaseInInventories $10.90M USD 1 Quarter
(Increase) decrease in other current assets IncreaseDecreaseInOtherCurrentAssets $-4.60M USD 1 Quarter
(Increase) decrease in other current assets IncreaseDecreaseInOtherCurrentAssets $-2.70M USD 1 Quarter
Increase (decrease) in accounts payable IncreaseDecreaseInAccountsPayable $44.00M USD 1 Quarter
Increase (decrease) in accounts payable IncreaseDecreaseInAccountsPayable $10.50M USD 1 Quarter
Increase (decrease) in advance billings IncreaseDecreaseInAdvanceBillings $1.80M USD 1 Quarter
Increase (decrease) in advance billings IncreaseDecreaseInAdvanceBillings $8.00M USD 1 Quarter
Increase (decrease) in accrued liabilities IncreaseDecreaseInAccruedLiabilities $900.00K USD 1 Quarter
Increase (decrease) in accrued liabilities IncreaseDecreaseInAccruedLiabilities $-1.20M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $27.30M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $24.50M USD 1 Quarter
Proceeds from disposition of property, plant, equipment, and other assets ProceedsFromSaleOfPropertyPlantAndEquipment $20.60M USD 1 Quarter
Proceeds from disposition of property, plant, equipment, and other assets ProceedsFromSaleOfPropertyPlantAndEquipment $23.90M USD 1 Quarter
Proceeds from sale of storage tanks business ProceedsFromDivestitureOfBusinesses - USD 1 Quarter
Proceeds from sale of storage tanks business ProceedsFromDivestitureOfBusinesses $2.00M USD 1 Quarter
Capital expenditures PaymentsToAcquirePropertyPlantAndEquipment $25.90M USD 1 Quarter
Capital expenditures PaymentsToAcquirePropertyPlantAndEquipment $44.40M USD 1 Quarter
Acquisitions, net of cash acquired PaymentsToAcquireBusinessesNetOfCashAcquired $15.60M USD 1 Quarter
Acquisitions, net of cash acquired PaymentsToAcquireBusinessesNetOfCashAcquired - USD 1 Quarter
Net cash required by investing activities NetCashProvidedByUsedInInvestingActivities $-5.30M USD 1 Quarter
Net cash required by investing activities NetCashProvidedByUsedInInvestingActivities $-34.10M USD 1 Quarter
Payments to retire debt RepaymentsOfLongTermDebtAndCapitalSecurities $1.90M USD 1 Quarter
Payments to retire debt RepaymentsOfLongTermDebtAndCapitalSecurities $1.00M 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 $-4.40M USD 1 Quarter
Net cash required by financing activities NetCashProvidedByUsedInFinancingActivities $-3.50M USD 1 Quarter
Net increase (decrease) in cash and cash equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $-11.20M USD 1 Quarter
Net increase (decrease) in cash and cash equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $15.70M USD 1 Quarter
Cash and cash equivalents at beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $160.40M USD Point-in-time
Cash and cash equivalents at beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $72.90M USD Point-in-time
Cash and cash equivalents at beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $149.20M USD Point-in-time
Cash and cash equivalents at beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $88.60M USD Point-in-time
Cash and cash equivalents at end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $160.40M USD Point-in-time
Cash and cash equivalents at end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $72.90M USD Point-in-time
Cash and cash equivalents at end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $149.20M USD Point-in-time
Cash and cash equivalents at end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $88.60M USD Point-in-time
Stockholders Equity 17 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 $1.95B USD Point-in-time
Beginning balance StockholdersEquity $2.18B USD Point-in-time
Beginning balance StockholdersEquity $2.24B USD Point-in-time
Beginning balance StockholdersEquity $1.98B USD Point-in-time
Net income NetIncomeLoss $55.70M USD 1 Quarter
Net income NetIncomeLoss $20.20M USD 1 Quarter
Other comprehensive income (loss) OtherComprehensiveIncomeLossNetOfTax $2.20M USD 1 Quarter
Other comprehensive income (loss) OtherComprehensiveIncomeLossNetOfTax $-200.00K 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 $5.70M USD 1 Quarter
Restricted shares, net - value StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures $4.30M USD 1 Quarter
Ending balance StockholdersEquity $1.95B USD Point-in-time
Ending balance StockholdersEquity $2.18B USD Point-in-time
Ending balance StockholdersEquity $2.24B USD Point-in-time
Ending balance StockholdersEquity $1.98B USD Point-in-time
Comprehensive Income 18 line items
Line Item Tag Value Unit Period
Net income NetIncomeLoss $55.70M USD 1 Quarter
Unrealized gains (losses) arising during the period, tax expense (benefit) OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationTax - 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 (gains) losses included in net income, tax expense (benefit) OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationTax $100.00K USD 1 Quarter
Reclassification adjustments for (gains) 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 $100.00K USD 1 Quarter
Reclassification adjustments for (gains) losses included in net income, net of tax expense (benefit) OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax $-500.00K USD 1 Quarter
Reclassification adjustments for (gains) 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 $2.20M USD 1 Quarter
Other comprehensive income (loss) OtherComprehensiveIncomeLossNetOfTax $-200.00K USD 1 Quarter
Comprehensive income ComprehensiveIncomeNetOfTax $22.40M USD 1 Quarter
Comprehensive income ComprehensiveIncomeNetOfTax $55.50M USD 1 Quarter

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

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