Page 117 - Martin Marietta - 2023 Proxy Statement

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

December 31
(in millions, except par value data) 2022 021
Assets
Current Assets:
Cash and cash equivalents $ 358.0 $ 258.4
Restricted cash 0.8 0.5
Restricted investments (to satisfy discharged debt and related interest) 704.6 —
Accounts receivable, net 785.9 774.0
Inventories, net 873.7 752.6
Current assets held for sale 73.2 102.2
Other current assets 80.7 137.9
Total Current Assets 2,876.9 2,025.6
Property, plant and equipment, net 6,316.7 6,338.0
Goodwill 3,649.5 3,494.4
Other intangibles, net 847.8 1,065.0
Operating lease right‐of‐use assets, net 383.5 426.7
Noncurrent assets held for sale 372.5 616.9
Other noncurrent assets 546.7 426.4
Total Assets $ 14,993.6 $ 14,393.0
Liabilities and Equity
Current Liabilities:
Accounts payable $ 385.0 $ 356.2
Accrued salaries, benefits and payroll taxes 71.6 86.6
Accrued other taxes 55.4 58.4
Accrued interest 42.8 48.0
Current maturities of discharged long‐term debt 699.1 —
Operating lease liabilities 52.1 53.9
Current liabilities held for sale 4.5 7.5
Other current liabilities 135.1 142.0
Total Current Liabilities 1,445.6 752.6
Long‐term debt 4,340.9 5,100.8
Deferred income taxes, net 914.3 895.3
Noncurrent operating lease liabilities 335.9 379.4
Noncurrent liabilities held for sale 21.8 53.5
Other noncurrent liabilities 762.3 673.8
Total Liabilities 7,820.8 7,855.4
Equity:
Common stock ($0.01 par value; 100.0 shares authorized; 62.1 and
62.4 shares outstanding at December 31, 2022 and 2021, respectively) 0.6 0.6
Preferred stock ($0.01 par value; 10.0 shares authorized; no shares outstanding) — —
Additional paid‐in capital 3,489.0 3,470.4
Accumulated other comprehensive loss (38.5) (97.6)
Retained earnings 3,719.4 3,161.9
Total Shareholders’ Equity 7,170.5 6,535.3
Noncontrolling interests 2.3 2.3
Total Equity 7,172.8 6,537.6
Total Liabilities and Equity $ 14,993.6 $ 14,393.0

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Th T T e accompanying Notes to the Financial Statements are an integral part of these statements.
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Annual Report ♦ Page 13