Vulcan Materials CO
For the period ended Dec 31, 2025. Filed Feb 19, 2026.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2025 · Filed Feb 19, 2026
VMC$287.31-0.7%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Item 8. Consolidated Statements of Cash Flows
| in millions | 2025 | 2024 | 2023 |
|---|---|---|---|
| Operating Activities | |||
| Net earnings | $1,078.1 | $913.1 | $934.9 |
| Adjustments to reconcile net earnings to net cash provided by operating activities | |||
| Depreciation, depletion, accretion and amortization | 748.5 | 632.2 | 617.0 |
| Noncash operating lease expense | 54.2 | 51.4 | 53.9 |
| Net gain on sale of property, plant & equipment and businesses | (52.4) | (52.3) | (76.4) |
| Loss on impairments | 0.0 | 86.6 | 28.3 |
| Contributions to pension plans | (14.6) | (8.7) | (7.4) |
| Share-based compensation expense | 63.1 | 53.4 | 63.2 |
| Deferred income taxes, net | 26.1 | (9.4) | (43.3) |
| (Increase) decrease in assets excluding the initial effects of business acquisitions and dispositions | |||
| Accounts and notes receivable | 3.8 | 63.2 | 28.2 |
| Inventories | (15.5) | (27.4) | (54.6) |
| Other assets | (51.7) | (93.0) | 27.8 |
| Increase (decrease) in liabilities excluding the initial effects of business acquisitions and dispositions | |||
| Accrued interest and income taxes | (7.3) | (6.8) | 18.8 |
| Trade payables and other accruals | 75.7 | (193.0) | (25.1) |
| Other noncurrent liabilities | (103.7) | (20.4) | (42.4) |
| Other, net | 8.7 | 20.7 | 13.9 |
| Net cash provided by operating activities | $1,813.0 | $1,409.6 | $1,536.8 |
| Investing Activities | |||
| Purchases of property, plant & equipment | (677.7) | (603.5) | (872.6) |
| Proceeds from sale of property, plant & equipment | 24.1 | 54.7 | 94.6 |
| Proceeds from sale of businesses | 127.4 | 0.2 | 613.6 |
| Payment for businesses acquired, net of acquired cash and adjustments | (13.5) | (2,266.2) | 0.9 |
| Other, net | 10.5 | (0.1) | 0.0 |
| Net cash used for investing activities | $(529.2) | $(2,814.9) | $(163.5) |
| Financing Activities | |||
| Proceeds from short-term debt | 0.0 | 8.0 | 166.1 |
| Payment of short-term debt | (550.0) | (8.0) | (266.1) |
| Payment of current maturities and long-term debt | (400.5) | (550.5) | (550.5) |
| Proceeds from issuance of long-term debt | 0.0 | 2,000.0 | 550.0 |
| Debt issuance and exchange costs | 0.0 | (31.6) | (3.4) |
| Payment of finance leases | (10.9) | (13.0) | (30.8) |
| Purchases of common stock | (438.4) | (68.8) | (200.0) |
| Dividends paid | (259.8) | (244.4) | (228.4) |
| Share-based compensation, shares withheld for taxes | (34.0) | (33.0) | (21.9) |
| Distribution to noncontrolling interest | (1.5) | (1.8) | (0.8) |
| Other, net | (0.1) | 0.0 | 0.2 |
| Net cash provided by (used for) financing activities | $(1,695.2) | $1,056.9 | $(585.6) |
| Net increase (decrease) in cash and cash equivalents and restricted cash | (411.4) | (348.4) | 787.7 |
| Cash and cash equivalents and restricted cash at beginning of year | 600.8 | 949.2 | 161.5 |
| Cash and cash equivalents and restricted cash at end of year | $189.4 | $600.8 | $949.2 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.