XML 39 R46.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
SEGMENT INFORMATION (Tables)
 12 Months Ended
Dec. 31, 2019
Segment Reporting [Abstract]  
Schedule of Certain Financial Information Relating to Continuing Operations by Reportable Segment
The following tables set forth certain financial information relating to our continuing operations by reportable segment ($ in millions): 
 
 
2019
 
2018
 
2017
Revenue:
 
 
 
 
 
 
Ready-mixed concrete
 
 
 
 
 
 
Sales to external customers
 
$
1,278.6

 
$
1,306.5

 
$
1,213.0

Aggregate products
 
 
 
 
 
 
Sales to external customers
 
141.7

 
136.5

 
49.8

Intersegment sales
 
53.5

 
46.1

 
40.9

    Total aggregate products
 
195.2

 
182.6

 
90.7

Total reportable segment revenue
 
1,473.8

 
1,489.1

 
1,303.7

 Other products and eliminations
 
4.9

 
17.3

 
32.3

Total revenue
 
$
1,478.7

 
$
1,506.4

 
$
1,336.0

 
 
 
 
 
 
 
Reportable Segment Adjusted EBITDA:
 
 
 
 
 
 
Ready-mixed concrete
 
$
157.7

 
$
179.2

 
$
185.8

Aggregate products
 
53.8

 
41.6

 
27.2

Total reportable segment Adjusted EBITDA
 
$
211.5

 
$
220.8

 
$
213.0

 
 
 
 
 
 
 
Reconciliation of Total Reportable Segment Adjusted EBITDA to Income From Continuing Operations:
 
 
 
 
 
 
Total reportable segment Adjusted EBITDA
 
$
211.5

 
$
220.8

 
$
213.0

Other products and eliminations income from operations
 
3.3

 
21.7

 
10.8

Corporate overhead
 
(59.5
)
 
(54.9
)
 
(56.3
)
Depreciation, depletion and amortization for reportable segments
 
(86.1
)
 
(85.8
)
 
(63.1
)
Interest expense, net
 
(46.1
)
 
(46.4
)
 
(42.1
)
Eminent domain matter
 
5.3

 
(0.7
)
 
—

Hurricane-related gains (losses) for reportable segments, net
 
2.1

 
0.8

 
(3.0
)
Change in value of contingent consideration for reportable segments
 
(2.8
)
 
—

 
(7.9
)
Loss on mixer truck fire
 
(0.7
)
 
—

 
—

Litigation settlement costs
 
(0.3
)
 
(2.1
)
 
—

Acquisition-related costs, net
 
1.0

 
(1.4
)
 
—

Impairment of goodwill and other assets
 
—

 
(1.3
)
 
(6.2
)
Quarry dredge costs for specific event for reportable segments
 
—

 
(1.1
)
 
(3.4
)
Purchase accounting adjustments for inventory
 
—

 
(0.8
)
 
(1.3
)
Corporate derivative loss
 
—

 
—

 
(0.8
)
Corporate, other products and eliminations other loss (income), net
 
0.9

 
(0.7
)
 
(1.1
)
Income from continuing operations before income taxes
 
28.6

 
48.1

 
38.6

Income tax expense
 
12.3

 
16.8

 
12.4

Income from continuing operations
 
$
16.3

 
$
31.3

 
$
26.2

 
 
 
2019
 
2018
 
2017
Capital Expenditures:
 
 
 
 
 
 
Ready-mixed concrete
 
$
18.0

 
$
24.0

 
$
21.7

Aggregate products
 
23.6

 
13.8

 
18.9

Other products and corporate
 
1.1

 
2.1

 
2.1

Total capital expenditures
 
$
42.7

 
$
39.9

 
$
42.7


 
 
2019
 
2018
 
2017
Revenue by Product:
 
 
 
 
 
 
Ready-mixed concrete
 
$
1,278.6

 
$
1,306.5

 
$
1,213.0

Aggregate products
 
141.7

 
136.5

 
49.8

Aggregates distribution
 
22.5

 
22.7

 
30.6

Building materials
 
28.9

 
26.2

 
24.4

Lime
 
—

 
7.4

 
9.9

Hauling
 
4.3

 
4.8

 
5.6

Other
 
2.7

 
2.3

 
2.7

Total revenue
 
$
1,478.7

 
$
1,506.4

 
$
1,336.0


 
 
December 31,
 
 
2019
 
2018
 
2017
Identifiable Property, Plant and Equipment Assets:
 
 
 
 
 
 
Ready-mixed concrete
 
$
286.4

 
$
295.5

 
$
266.6

Aggregate products
 
359.6

 
355.0

 
342.1

Other products and corporate 
 
27.5

 
29.7

 
27.6

Total identifiable assets
 
$
673.5

 
$
680.2

 
$
636.3