EAGLE MATERIALS INC
For the period ended Dec 31, 2023. Filed Jan 25, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Dec 31, 2023 · Filed Jan 25, 2024
EXP$187.85-1.4%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Cash Flows for the
EAGLE MATERIALS INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited)
| For the Nine Months Ended December 31, | ||
|---|---|---|
| 2023 | 2022 | |
| (dollars in thousands) | ||
| CASH FLOWS FROM OPERATING ACTIVITIES | ||
| Net Earnings | $400,540 | $361,184 |
| Adjustments to Reconcile Net Earnings to Net Cash Providedby Operating Activities, Net of Effect of Non-Cash Activity | ||
| Depreciation, Depletion, and Amortization | 111,347 | 103,689 |
| Deferred Income Tax Provision | 9,324 | 7,227 |
| Stock Compensation Expense | 15,356 | 13,636 |
| Equity in Earnings of Unconsolidated Joint Venture | (22,790) | (23,631) |
| Distributions from Joint Venture | 7,000 | 19,000 |
| Changes in Operating Assets and Liabilities | ||
| Accounts and Notes Receivable | 9,452 | 9,300 |
| Inventories | (27,137) | (3,219) |
| Accounts Payable and Accrued Liabilities | 3,278 | (13,959) |
| Other Assets | (19,428) | 4,411 |
| Income Taxes Payable (Receivable) | 13,607 | 2,473 |
| Net Cash Provided by Operating Activities | 500,549 | 480,111 |
| CASH FLOWS FROM INVESTING ACTIVITIES | ||
| Additions to Property, Plant, and Equipment | (87,848) | (60,951) |
| Acquisition Spending | (55,053) | (158,451) |
| Net Cash Used in Investing Activities | (142,901) | (219,402) |
| CASH FLOWS FROM FINANCING ACTIVITIES | ||
| Borrowings Under Revolving Credit Facility | 222,000 | 200,000 |
| Repayment of Borrowings Under Revolving Credit Facility | (272,000) | (70,000) |
| Repayment of Term Loan | (7,500) | (5,000) |
| Dividends Paid to Stockholders | (26,692) | (28,421) |
| Purchase and Retirement of Common Stock | (248,852) | (313,898) |
| Proceeds from Stock Option Exercises | 11,560 | 840 |
| Payment of Debt Issuance Costs | — | (903) |
| Shares Redeemed to Settle Employee Taxes on Stock Compensation | (2,494) | (1,806) |
| Net Cash Used in Financing Activities | (323,978) | (219,188) |
| NET INCREASE IN CASH AND CASH EQUIVALENTS | 33,670 | 41,521 |
| CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD | 15,242 | 19,416 |
| CASH AND CASH EQUIVALENTS AT END OF PERIOD | $48,912 | $60,937 |
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