Eagle materials inc
NYSE: EXP $91.07 -0.56%
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Statements of Income
Quarter Ended March 31, Fiscal Year Ended March 31,
2019 2018 2019 2018
Revenue 284,701 284,713 1,393,241 1,386,520
Cost of Goods Sold 228,119 223,336 1,066,673 1,047,764
Gross Profit 56,582 61,377 326,568 338,756
Equity in Earnings of Unconsolidated JV 9,634 10,216 38,565 43,419
Corporate General and Administrative Expense -10,038 -11,822 -37,371 -41,205
Litigation Settlement Expense 0 -6,000 -1,800 -45,098
Impairment Losses -220,265 0 -220,265 0
Other Non-Operating Income 121 1,000 2,412 3,728
Earnings (Loss) before Interest and Income Taxes -163,966 54,771 108,109 299,600
Interest Expense, Net -7,631 -6,046 -28,374 -27,638
Earnings (Loss) before Income Taxes -171,597 48,725 79,735 271,962
Income Tax Benefit (Expense) 43,800 -11,717 -10,875 -15,330
Net Earnings (Loss) -127,797 37,008 68,860 256,632
NET EARNINGS/(LOSS) PER SHARE
Basic -2.82 0.77 1.48 5.33
Diluted -2.82 0.76 1.47 5.28
AVERAGE SHARES OUTSTANDING
Basic 45,280,991 48,168,574 46,620,894 48,141,226
Diluted 45,280,991 48,651,947 46,932,380 48,645,986
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Cash Flows
March 31,
2019 2018
ASSETS
Current Assets
Cash and Cash Equivalents 8,601 9,315
Restricted Cash 0 38,753
Accounts and Notes Receivable, net 128,722 141,685
Inventories 275,194 258,159
Federal Income Tax Receivable 5,480 5,750
Prepaid and Other Assets 9,624 5,073
Total Current Assets 427,621 458,735
Property, Plant and Equipment, net 1,426,939 1,595,299
Investments in Joint Venture 64,873 60,558
Notes Receivable 2,898 115
Goodwill and Intangibles 229,115 239,342
Other Assets 17,717 13,954
2,169,163 2,368,003
LIABILITIES AND STOCKHOLDERS EQUITY
Current Liabilities
Accounts Payable 80,884 73,459
Accrued Liabilities 61,949 105,870
Current Portion of Senior Notes 36,500 0
Total Current Liabilities 179,333 179,329
Long-term Liabilities 34,492 31,096
Bank Credit Facility 310,000 240,000
Private Placement Senior Unsecured Notes 0 36,500
4.500% Senior Unsecured Notes due 2026 345,092 344,422
Deferred Income Taxes 90,759 118,966
Stockholders Equity
Preferred Stock, Par Value $0.01; Authorized 5,000,000 Shares; None Issued 0 0
Common Stock, Par Value $0.01; Authorized 100,000,000 Shares; Issued and Outstanding 45,117,393 and 48,282,784 Shares, respectively. 451 483
Capital in Excess of Par Value 0 122,379
Accumulated Other Comprehensive Losses -3,316 -4,012
Retained Earnings 1,212,352 1,298,840
Total Stockholders Equity 1,209,487 1,417,690
2,169,163 2,368,003
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