2021 Q1 Form 10-Q Financial Statement

#000139600921000019 Filed on May 05, 2021

View on sec.gov

Income Statement

Concept 2021 Q1 2020 Q1
Revenue $1.068B $1.049B
YoY Change 1.82% 5.29%
Cost Of Revenue $839.0M $847.5M
YoY Change -1.01% 5.3%
Gross Profit $229.3M $201.7M
YoY Change 13.67% 5.24%
Gross Profit Margin 21.46% 19.23%
Selling, General & Admin $88.60M $86.43M
YoY Change 2.51% -4.25%
% of Gross Profit 38.64% 42.85%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $100.4M $95.48M
YoY Change 5.15% 7.06%
% of Gross Profit 43.79% 47.33%
Operating Expenses $88.60M $86.43M
YoY Change 2.51% -4.25%
Operating Profit $249.5M $112.3M
YoY Change 122.17% 7.53%
Interest Expense -$33.10M -$30.77M
YoY Change 7.56% -6.56%
% of Operating Profit -13.27% -27.4%
Other Income/Expense, Net $5.900M -$9.336M
YoY Change -163.2% -398.37%
Pretax Income $222.3M $72.19M
YoY Change 207.93% -3.26%
Income Tax $60.60M $12.19M
% Of Pretax Income 27.26% 16.89%
Net Earnings $160.6M $60.26M
YoY Change 166.52% -4.8%
Net Earnings / Revenue 15.03% 5.74%
Basic Earnings Per Share $1.21 $0.45
Diluted Earnings Per Share $1.20 $0.45
COMMON SHARES
Basic Shares Outstanding 132.7M 132.6M
Diluted Shares Outstanding 133.4M 133.3M

Balance Sheet

Concept 2021 Q1 2020 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $722.0M $120.0M
YoY Change 501.67% 287.1%
Cash & Equivalents $722.3M $120.0M
Short-Term Investments
Other Short-Term Assets $67.60M $88.10M
YoY Change -23.26% 40.24%
Inventory $441.4M $470.7M
Prepaid Expenses
Receivables $593.0M $598.0M
Other Receivables $0.00 $0.00
Total Short-Term Assets $1.993B $1.277B
YoY Change 56.1% 17.8%
LONG-TERM ASSETS
Property, Plant & Equipment $4.363B $4.401B
YoY Change -0.86% 2.94%
Goodwill $3.172B $3.167B
YoY Change 0.16% 0.17%
Intangibles
YoY Change
Long-Term Investments $34.00M $58.00M
YoY Change -41.38% 13.73%
Other Assets $233.9M $222.0M
YoY Change 5.35% 4.19%
Total Long-Term Assets $9.340B $9.353B
YoY Change -0.14% 1.52%
TOTAL ASSETS
Total Short-Term Assets $1.993B $1.277B
Total Long-Term Assets $9.340B $9.353B
Total Assets $11.33B $10.63B
YoY Change 6.62% 3.23%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $256.0M $243.0M
YoY Change 5.35% -2.02%
Accrued Expenses $38.00M
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change -100.0%
Long-Term Debt Due $15.40M $25.00K
YoY Change 61500.0% 4.17%
Total Short-Term Liabilities $565.9M $475.7M
YoY Change 18.97% -27.88%
LONG-TERM LIABILITIES
Long-Term Debt $2.773B $2.786B
YoY Change -0.45% 0.18%
Other Long-Term Liabilities $554.4M $551.4M
YoY Change 0.55% 14.14%
Total Long-Term Liabilities $3.327B $3.337B
YoY Change -0.29% 2.25%
TOTAL LIABILITIES
Total Short-Term Liabilities $565.9M $475.7M
Total Long-Term Liabilities $3.327B $3.337B
Total Liabilities $5.197B $5.039B
YoY Change 3.12% -0.8%
SHAREHOLDERS EQUITY
Retained Earnings $3.386B $2.885B
YoY Change 17.35% 16.94%
Common Stock $2.930B $2.915B
YoY Change 0.52% -0.23%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $6.136B $5.590B
YoY Change
Total Liabilities & Shareholders Equity $11.33B $10.63B
YoY Change 6.62% 3.23%

Cashflow Statement

Concept 2021 Q1 2020 Q1
OPERATING ACTIVITIES
Net Income $160.6M $60.26M
YoY Change 166.52% -4.8%
Depreciation, Depletion And Amortization $100.4M $95.48M
YoY Change 5.15% 7.06%
Cash From Operating Activities $169.3M $82.48M
YoY Change 105.27% -29.0%
INVESTING ACTIVITIES
Capital Expenditures $100.7M $142.7M
YoY Change -29.41% 16.91%
Acquisitions $0.00 $0.00
YoY Change -100.0%
Other Investing Activities $0.00 -$9.872M
YoY Change -100.0% -236.41%
Cash From Investing Activities $85.80M -$130.2M
YoY Change -165.88% 8.65%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00 $26.13M
YoY Change -100.0%
Debt Paid & Issued, Net $500.0M $6.000K
YoY Change 8333233.33% 0.0%
Cash From Financing Activities -562.2M -106.5M
YoY Change 428.06% 1011.1%
NET CHANGE
Cash From Operating Activities 169.3M 82.48M
Cash From Investing Activities 85.80M -130.2M
Cash From Financing Activities -562.2M -106.5M
Net Change In Cash -307.1M -154.2M
YoY Change 99.11% 1060.0%
FREE CASH FLOW
Cash From Operating Activities $169.3M $82.48M
Capital Expenditures $100.7M $142.7M
Free Cash Flow $68.60M -$60.18M
YoY Change -214.0% 927.75%

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48067000
CY2021Q1 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
1.22
CY2020Q1 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.45
CY2021Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
-0.01
CY2020Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
0.00
CY2021Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.21
CY2020Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.45
CY2021Q1 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
1.21
CY2020Q1 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.45
CY2021Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
-0.01
CY2020Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0.00
CY2021Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.20
CY2020Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.45
CY2021Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
132749000
CY2020Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
132567000
CY2021Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
133415000
CY2020Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
133259000
CY2021Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.273
CY2020Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.169
CY2021Q1 us-gaap Net Income Loss
NetIncomeLoss
160614000
CY2020Q1 us-gaap Net Income Loss
NetIncomeLoss
60258000
CY2021Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
100368000
CY2020Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
95480000
CY2021Q1 vmc Noncash Operating Lease Expense
NoncashOperatingLeaseExpense
10528000
CY2020Q1 vmc Noncash Operating Lease Expense
NoncashOperatingLeaseExpense
8851000
CY2021Q1 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
117165000
CY2020Q1 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
999000
CY2021Q1 us-gaap Pension Contributions
PensionContributions
2124000
CY2020Q1 us-gaap Pension Contributions
PensionContributions
2144000
CY2021Q1 us-gaap Share Based Compensation
ShareBasedCompensation
7869000
CY2020Q1 us-gaap Share Based Compensation
ShareBasedCompensation
6716000
CY2021Q1 vmc Deferred Income Tax Expense Benefit Including Discontinued Operations
DeferredIncomeTaxExpenseBenefitIncludingDiscontinuedOperations
26949000
CY2020Q1 vmc Deferred Income Tax Expense Benefit Including Discontinued Operations
DeferredIncomeTaxExpenseBenefitIncludingDiscontinuedOperations
19671000
CY2021Q1 us-gaap Increase Decrease In Operating Capital
IncreaseDecreaseInOperatingCapital
16992000
CY2020Q1 us-gaap Increase Decrease In Operating Capital
IncreaseDecreaseInOperatingCapital
99597000
CY2021Q1 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
785000
CY2020Q1 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
5761000
CY2021Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
169262000
CY2020Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
82475000
CY2021Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
100650000
CY2020Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
142650000
CY2021Q1 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
186497000
CY2021Q1 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-25000
CY2020Q1 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-9872000
CY2021Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
85872000
CY2020Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-130242000
CY2021Q1 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
500006000
CY2020Q1 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
304000
CY2021Q1 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
30000
CY2020Q1 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
6000
CY2021Q1 us-gaap Payments For Proceeds From Derivative Instrument Financing Activities
PaymentsForProceedsFromDerivativeInstrumentFinancingActivities
0
CY2020Q1 us-gaap Payments For Proceeds From Derivative Instrument Financing Activities
PaymentsForProceedsFromDerivativeInstrumentFinancingActivities
19863000
CY2021Q1 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
0
CY2020Q1 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
26132000
CY2021Q1 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
49085000
CY2020Q1 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
45100000
CY2021Q1 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
12086000
CY2020Q1 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
15064000
CY2021Q1 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-1031000
CY2020Q1 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-301000
CY2021Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-562208000
CY2020Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-106466000
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-307074000
CY2020Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-154233000
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1198013000
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
274506000
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
890939000
CY2020Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
120273000
CY2021Q1 us-gaap Nature Of Operations
NatureOfOperations
<span style="white-space:pre-wrap; color: black;font-family: 'Arial', 'sans-serif';font-size: 9pt;font-style: normal;font-weight: bold;margin: 0;padding: 0;">NATURE OF OPERATIONS</span><p dir="ltr" style="font-family: 'Arial', 'sans-serif';font-size: 2pt;line-height: 108%;margin-bottom: .001pt;margin-left: 0;margin-right: 0;margin-top: 0;"><span style="white-space:pre-wrap; color: black;font-size: 2pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;"> </span></p><p dir="ltr" style="font-family: 'Arial', 'sans-serif';font-size: 8.5pt;line-height: 12.0pt;margin-bottom: .001pt;margin-left: 0;margin-right: 0;margin-top: 0;"><span style="white-space:pre-wrap; color: black;font-family: 'Arial', 'sans-serif';font-size: 8.5pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;">Vulcan Materials Company (the “Company,” “Vulcan,” “we,” “our”), a </span><span style="white-space:pre-wrap; color: black;font-family: 'Arial', 'sans-serif';font-size: 8.5pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;">New Jersey</span><span style="white-space:pre-wrap; color: black;font-family: 'Arial', 'sans-serif';font-size: 8.5pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;"> corporation, is the nation's largest supplier of construction aggregates (primarily crushed stone, sand and gravel) and a major producer of asphalt mix and ready-mixed concrete.</span></p><p dir="ltr" style="font-family: 'Arial', 'sans-serif';font-size: 6pt;line-height: 6.0pt;margin-bottom: .001pt;margin-left: 0;margin-right: 0;margin-top: 0;"><span style="white-space:pre-wrap; color: black;font-size: 6pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;"> </span></p><p dir="ltr" style="font-family: 'Arial', 'sans-serif';font-size: 8.5pt;line-height: 12.0pt;margin-bottom: .001pt;margin-left: 0;margin-right: 0;margin-top: 0;"><span style="white-space:pre-wrap; color: black;font-family: 'Arial', 'sans-serif';font-size: 8.5pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;">We operate primarily in the United States and our principal product — aggregates — is used in virtually all types of public and private construction projects and in the production of asphalt mix and ready-mixed concrete. We serve markets in </span><span style="white-space:pre-wrap; color: black;font-family: 'Arial', 'sans-serif';font-size: 8.5pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;">twenty</span><span style="white-space:pre-wrap; color: black;font-family: 'Arial', 'sans-serif';font-size: 8.5pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;"> states, Washington D.C., and the local markets surrounding our operations in Mexico. Our primary focus is serving metropolitan markets in the United States that are expected to experience the most significant growth in population, households and employment. These </span><span style="white-space:pre-wrap; color: black;font-family: 'Arial', 'sans-serif';font-size: 8.5pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;">three</span><span style="white-space:pre-wrap; color: black;font-family: 'Arial', 'sans-serif';font-size: 8.5pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;"> demographic factors are significant drivers of demand for aggregates. While aggregates is our focus and primary business, we produce and sell asphalt mix and/or ready-mixed concrete in our Alabama, Arizona, California, Maryland, New Mexico, Tennessee, Texas, Virginia and Washington D.C. markets.</span></p>
CY2021Q1 dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
NJ
CY2021Q1 us-gaap Number Of States In Which Entity Operates
NumberOfStatesInWhichEntityOperates
20
CY2021Q1 vmc Number Of Demographic Factors
NumberOfDemographicFactors
3
CY2021Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
133415000
CY2021Q1 us-gaap Discontinued Operation Income Loss From Discontinued Operation Before Income Tax
DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTax
-1424000
CY2020Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
133259000
CY2020Q1 us-gaap Discontinued Operation Income Loss From Discontinued Operation Before Income Tax
DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTax
354000
CY2021Q1 us-gaap Discontinued Operation Tax Effect Of Discontinued Operation
DiscontinuedOperationTaxEffectOfDiscontinuedOperation
-368000
CY2020Q1 us-gaap Discontinued Operation Tax Effect Of Discontinued Operation
DiscontinuedOperationTaxEffectOfDiscontinuedOperation
94000
CY2021Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
-1056000
CY2020Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
260000
CY2020Q1 us-gaap Disposal Group Including Discontinued Operation Revenue
DisposalGroupIncludingDiscontinuedOperationRevenue
0
CY2021Q1 us-gaap Disposal Group Including Discontinued Operation Revenue
DisposalGroupIncludingDiscontinuedOperationRevenue
0
CY2021Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
132749000
CY2020Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
132567000
CY2021Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
296000
CY2020Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
345000
CY2021Q1 vmc Incremental Common Shares Attributable To Other Stock Compensation Plans
IncrementalCommonSharesAttributableToOtherStockCompensationPlans
370000
CY2020Q1 vmc Incremental Common Shares Attributable To Other Stock Compensation Plans
IncrementalCommonSharesAttributableToOtherStockCompensationPlans
347000
CY2020Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P9Y6M
CY2020Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P10Y1M6D
CY2021Q1 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P4Y
CY2020Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P4Y2M12D
CY2020Q1 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
22000
CY2020Q1 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P3Y1M6D
CY2021Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.033
CY2020Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.036
CY2020Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.042
CY2021Q1 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.013
CY2020Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.014
CY2021Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
69000
CY2020Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
174000
CY2021Q1 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<span style="white-space:pre-wrap; color: black;font-family: 'Arial', 'sans-serif';font-size: 9pt;font-style: normal;font-weight: bold;margin: 0;padding: 0;">RECLASSIFICATIONS</span><p dir="ltr" style="font-family: 'Arial', 'sans-serif';font-size: 2pt;line-height: 108%;margin-bottom: .001pt;margin-left: 0;margin-right: 0;margin-top: 0;"><span style="white-space:pre-wrap; color: black;font-size: 2pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;"> </span></p><p dir="ltr" style="font-family: 'Arial', 'sans-serif';font-size: 8.5pt;line-height: 12.0pt;margin-bottom: .001pt;margin-left: 0;margin-right: 0;margin-top: 0;"><span style="white-space:pre-wrap; color: black;font-family: 'Arial', 'sans-serif';font-size: 8.5pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;">Certain items previously reported in specific financial statement captions have been reclassified to conform to the 2021 presentation.</span></p>
CY2021Q1 vmc Operating Lease Right Of Use Asset Gross
OperatingLeaseRightOfUseAssetGross
488607000
CY2020Q4 vmc Operating Lease Right Of Use Asset Gross
OperatingLeaseRightOfUseAssetGross
482513000
CY2020Q1 vmc Operating Lease Right Of Use Asset Gross
OperatingLeaseRightOfUseAssetGross
461712000
CY2021Q1 vmc Operating Lease Right Of Use Asset Amortization
OperatingLeaseRightOfUseAssetAmortization
66982000
CY2020Q4 vmc Operating Lease Right Of Use Asset Amortization
OperatingLeaseRightOfUseAssetAmortization
59385000
CY2020Q1 vmc Operating Lease Right Of Use Asset Amortization
OperatingLeaseRightOfUseAssetAmortization
40782000
CY2021Q1 us-gaap Finance Lease Right Of Use Asset Before Accumulated Amortization
FinanceLeaseRightOfUseAssetBeforeAccumulatedAmortization
10638000
CY2020Q4 us-gaap Finance Lease Right Of Use Asset Before Accumulated Amortization
FinanceLeaseRightOfUseAssetBeforeAccumulatedAmortization
7796000
CY2020Q1 us-gaap Finance Lease Right Of Use Asset Before Accumulated Amortization
FinanceLeaseRightOfUseAssetBeforeAccumulatedAmortization
3910000
CY2021Q1 us-gaap Finance Lease Right Of Use Asset Accumulated Amortization
FinanceLeaseRightOfUseAssetAccumulatedAmortization
2271000
CY2020Q4 us-gaap Finance Lease Right Of Use Asset Accumulated Amortization
FinanceLeaseRightOfUseAssetAccumulatedAmortization
1640000
CY2020Q1 us-gaap Finance Lease Right Of Use Asset Accumulated Amortization
FinanceLeaseRightOfUseAssetAccumulatedAmortization
369000
CY2021Q1 vmc Lease Assets
LeaseAssets
429992000
CY2020Q4 vmc Lease Assets
LeaseAssets
429284000
CY2020Q1 vmc Lease Assets
LeaseAssets
424471000
CY2021Q1 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
38131000
CY2020Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
36969000
CY2020Q1 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
32045000
CY2021Q1 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
2718000
CY2020Q4 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
2047000
CY2020Q1 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
1197000
CY2021Q1 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
397306000
CY2020Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
399582000
CY2020Q1 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
399489000
CY2021Q1 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
5688000
CY2020Q1 us-gaap Operating Lease Payments
OperatingLeasePayments
13328000
CY2021Q1 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
621000
CY2021Q1 us-gaap Operating Lease Cost
OperatingLeaseCost
15292000
CY2020Q1 us-gaap Operating Lease Cost
OperatingLeaseCost
14106000
CY2021Q1 us-gaap Short Term Lease Cost
ShortTermLeaseCost
5102000
CY2020Q1 us-gaap Lease Cost
LeaseCost
25889000
CY2020Q1 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
2785566000
CY2021Q1 us-gaap Operating Lease Payments
OperatingLeasePayments
14521000
CY2020Q4 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
4139000
CY2020Q1 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
2349000
CY2021Q1 vmc Lease Liability
LeaseLiability
443843000
CY2020Q4 vmc Lease Liability
LeaseLiability
442737000
CY2020Q1 vmc Lease Liability
LeaseLiability
435080000
CY2020Q1 us-gaap Short Term Lease Cost
ShortTermLeaseCost
9059000
CY2020Q1 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.027
CY2021Q1 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
632000
CY2021Q1 us-gaap Variable Lease Cost
VariableLeaseCost
2691000
CY2020Q1 us-gaap Variable Lease Cost
VariableLeaseCost
3132000
CY2021Q1 us-gaap Sublease Income
SubleaseIncome
824000
CY2020Q1 us-gaap Sublease Income
SubleaseIncome
734000
CY2021Q1 us-gaap Lease Cost
LeaseCost
22923000
CY2021Q1 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
3219828000
CY2020Q1 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
301000
CY2021Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
60638000
CY2020Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
12194000
CY2021Q1 us-gaap Valuation Allowances And Reserves Period Increase Decrease
ValuationAllowancesAndReservesPeriodIncreaseDecrease
13695000
CY2021Q1 vmc Income Tax Benefit Recognition Threshold More Likely Than Not
IncomeTaxBenefitRecognitionThresholdMoreLikelyThanNot
0.50
CY2021Q1 us-gaap Revenues
Revenues
1068344000
CY2020Q1 us-gaap Revenues
Revenues
1049242000
CY2021Q1 us-gaap Revenues
Revenues
1068344000
CY2020Q1 us-gaap Revenues
Revenues
1049242000
CY2012 vmc Proceeds From Sale Of Future Production
ProceedsFromSaleOfFutureProduction
226926000
CY2013 vmc Proceeds From Sale Of Future Production
ProceedsFromSaleOfFutureProduction
226926000
CY2021Q1 vmc Number Of Quarries
NumberOfQuarries
8
CY2021Q1 vmc Term Of Vpps
TermOfVpps
P20Y
CY2020Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
177962000
CY2019Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
185339000
CY2021Q1 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
1669000
CY2020Q1 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
1342000
CY2020Q4 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
3443225000
CY2020Q1 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
2926140000
CY2021Q1 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
1096000
CY2020Q1 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
1258000
CY2021Q1 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
176293000
CY2020Q1 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
183997000
CY2021Q1 vmc Number Of Rabbi Trusts Established
NumberOfRabbiTrustsEstablished
2
CY2021Q1 us-gaap Net Realized Or Unrealized Gain Loss On Trading Securities
NetRealizedOrUnrealizedGainLossOnTradingSecurities
1986000
CY2020Q1 us-gaap Net Realized Or Unrealized Gain Loss On Trading Securities
NetRealizedOrUnrealizedGainLossOnTradingSecurities
-5060000
CY2021Q1 us-gaap Trading Securities Unrealized Holding Gain Loss
TradingSecuritiesUnrealizedHoldingGainLoss
1633000
CY2020Q1 us-gaap Trading Securities Unrealized Holding Gain Loss
TradingSecuritiesUnrealizedHoldingGainLoss
-5060000
CY2021Q1 us-gaap Accumulated Other Comprehensive Income Loss Cumulative Changes In Net Gain Loss From Cash Flow Hedges Effect Net Of Tax
AccumulatedOtherComprehensiveIncomeLossCumulativeChangesInNetGainLossFromCashFlowHedgesEffectNetOfTax
-23587000
CY2021Q1 us-gaap Short Term Borrowings
ShortTermBorrowings
0
CY2020Q4 us-gaap Short Term Borrowings
ShortTermBorrowings
0
CY2020Q1 us-gaap Short Term Borrowings
ShortTermBorrowings
0
CY2021Q1 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
2857465000
CY2020Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
3357899000
CY2020Q1 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
2846367000
CY2021Q1 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
69128000
CY2020Q4 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
70224000
CY2020Q1 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
60776000
CY2021Q1 us-gaap Long Term Debt
LongTermDebt
2788337000
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156127000
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157362000
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CY2021Q1 us-gaap Common Stock Shares Authorized
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CY2021Q1 us-gaap Preferred Stock Shares Issued
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CY2020Q1 us-gaap Treasury Stock Common Shares
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CY2021Q1 us-gaap Treasury Stock Common Shares
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CY2021Q1 us-gaap Treasury Stock Shares Retired
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CY2020Q1 us-gaap Treasury Stock Shares Retired
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CY2019Q4 us-gaap Stockholders Equity
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CY2020Q1 us-gaap Stock Issued During Period Value Share Based Compensation
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CY2021Q1 us-gaap Stock Repurchased And Retired During Period Value
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CY2020Q1 us-gaap Stock Repurchased And Retired During Period Value
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CY2021Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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CY2020Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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CY2020Q1 us-gaap Common Stock Dividends Per Share Cash Paid
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CY2020Q1 us-gaap Revenues
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CY2020Q1 us-gaap Depreciation Depletion And Amortization
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95480000
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890939000
CY2020Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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120273000
CY2021Q1 us-gaap Assets
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CY2020Q1 us-gaap Assets
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CY2021Q1 us-gaap Interest Paid Net
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CY2020Q1 us-gaap Interest Paid Net
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17033000
CY2021Q1 us-gaap Income Taxes Paid Net
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204000
CY2020Q1 us-gaap Income Taxes Paid Net
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340000
CY2021Q1 us-gaap Capital Expenditures Incurred But Not Yet Paid
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CY2020Q1 us-gaap Capital Expenditures Incurred But Not Yet Paid
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25862000
CY2021Q1 us-gaap Settlement Of Asset Retirement Obligations Through Noncash Payments Amount
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938000
CY2020Q1 us-gaap Settlement Of Asset Retirement Obligations Through Noncash Payments Amount
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0
CY2021Q1 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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5591000
CY2020Q1 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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21522000
CY2021Q1 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
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2842000
CY2020Q1 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
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2678000
CY2020Q1 us-gaap Goodwill Impairment Loss
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0
CY2021Q1 us-gaap Goodwill Impairment Loss
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0
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CY2020Q4 us-gaap Assets Of Disposal Group Including Discontinued Operation
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0
CY2021Q1 us-gaap Assets Of Disposal Group Including Discontinued Operation
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0

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