Page 14 - 2019 Annual Report

MARTIN MARIETTA MATERIALS, INC. AND CONSOLIDATED SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS

December 31
(in millions, except par value data)
Assets 2019 2018
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Current Assets:
Cash and cash equivalents $ 21.0 $ 44.9
Accounts receivable, net 573.7 523.3
Inventories, net 690.8 663.0
Other current assets 141.2 134.6
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Total Current Assets 1,426.7 1,365.8

Property, plant and equipment, net 5,206.0 5,157.2
Goodwill 2,396.8 2,399.1
Other intangibles, net 486.8 501.3
Operating lease right-of-use assets, net 481.9 —
Other noncurrent assets 133.4 128.0
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$ 10,131.6
Total Assets
$ 9,551.4
Liabilities and Equity
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Current Liabilities:
Accounts payable $ 229.6 $ 210.8
Accrued salaries, benefits and payroll taxes 56.7 51.4
Accrued insurance and other taxes 63.1 63.6
Current maturities of long-term debt 340.0 390.0
Operating lease liabilities 52.7 —
Other current liabilities 96.4 70.9
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Total Current Liabilities 838.5 786.7

Long-term debt 2,433.6 2,730.4
Deferred income taxes, net 733.0 705.6
Noncurrent operating lease liabilities 433.9 —
Other noncurrent liabilities 339.3 379.3
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Total Liabilities 4,778.3 4,602.0
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Equity:
Common stock ($0.01 par value; 100.0 shares authorized; 62.4 and
62.5 shares outstanding at December 31, 2019 and 2018, respectively) 0.6 0.6
Preferred stock ($0.01 par value; 10.0 shares authorized; no shares outstanding) — —
Additional paid-in capital 3,418.8 3,396.1
Accumulated other comprehensive loss (145.8) (143.6)
Retained earnings 2,077.2 1,693.3
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Total Shareholders’ Equity 5,350.8 4,946.4
Noncontrolling interests 2.5 3.0
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Total Equity 5,353.3 4,949.4
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Total Liabilities and Equity $ 10,131.6 $ 9,551.4
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The accompanying Notes to the Financial Statements are an integral part of these statements.

Page 12 ♦ Annual Report Celebrating 25 Years as a Public Company