Page 16 - 2019 Annual Report

MARTIN MARIETTA MATERIALS, INC. AND CONSOLIDATED SUBSIDIARIES
CONSOLIDATED STATEMENTS OF TOTAL EQUITY

Accumulated
Shares of Additional Other Total Non-
Common Common Paid-In Comprehensive Retained Shareholders’ controlling Total
Equity
Stock
Interests
Earnings
Stock
Equity
(in millions, except per share data)
Capital
(Loss) Earnings
_______________________________________________________________________________________________________________________________________
Balance at December 31, 2016 63.2 $ 0.6 $ 3,334.5 $ (130.7) $ 935.7 $ 4,140.1 $ 2.5 $ 4,142.6

Consolidated net earnings – – – – 713.3 713.3 0.1 713.4
Other comprehensive earnings – – – 1.6 – 1.6 – 1.6
Dividends declared ($1.72 per common share) – – – – (108.9) (108.9) – (108.9)
Issuances of common stock for stock award plans 0.2 – 14.9 – – 14.9 – 14.9
Shares withheld for employees’ income tax obligations – – (11.8) – – (11.8) – (11.8)
Repurchases of common stock (0.5) – – – (100.0) (100.0) – (100.0)
Stock-based compensation expense – – 30.5 – – 30.5 – 30.5
Contribution from owners of noncontrolling interest – – – – – – 0.2 0.2

_______________________________________________________________________________________________________________________________________
Balance at December 31, 2017 62.9 0.6 3,368.1 (129.1) 1,440.1 4,679.7 2.8 4,682.5

Consolidated net earnings – – – – 470.0 470.0 0.4 470.4
Other comprehensive loss – – – (14.5) – (14.5) – (14.5)
Dividends declared ($1.84 per common share) – – – – (116.4) (116.4) – (116.4)
Issuances of common stock for stock award plans 0.1 – 14.2 – – 14.2 – 14.2
Shares withheld for employees’ income tax obligations – – (11.9) – – (11.9) – (11.9)
Repurchases of common stock (0.5) – – – (100.4) (100.4) – (100.4)
Stock-based compensation expense – – 29.3 – – 29.3 – 29.3
Noncontrolling interest acquired in
business combination – – – – – – 9.0 9.0
Purchase of the noncontrolling interest in the existing
joint venture – – (3.6) – – (3.6) (9.2) (12.8)
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Balance at December 31, 2018 62.5 0.6 3,396.1 (143.6) 1,693.3 4,946.4 3.0 4,949.4

Consolidated net earnings – – – – 611.9 611.9 0.1 612.0
Other comprehensive loss – – – (2.2) – (2.2) – (2.2)
Dividends declared ($2.06 per common share) – – – – (129.8) (129.8) – (129.8)
Issuances of common stock for stock award plans 0.3 – 16.7 – – 16.7 – 16.7
Shares withheld for employees’ income tax obligations – – (28.1) – – (28.1) – (28.1)
Repurchases of common stock (0.4) – – – (98.2) (98.2) – (98.2)
Stock-based compensation expense – – 34.1 – – 34.1 – 34.1
Distribution to owners of noncontrolling interest – – – – – – (0.6) (0.6)
_______________________________________________________________________________________________________________________________________

Balance at December 31, 2019 62.4 $ 0.6 $ 3,418.8 $ (145.8) $ 2,077.2 $ 5,350.8 $ 2.5 $ 5,353.3
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The accompanying Notes to the Financial Statements are an integral part of these statements.

Page 14 ♦ Annual Report Celebrating 25 Years as a Public Company