Page 116 - Martin Marietta - 2024 Proxy Statement

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

December 31
(in millions, except share and par value data) 2023 2022
Assets
Current Assets:
Cash and cash equivalents $ 1,271.8 $ 358.0
Restricted cash 10.5 0.8
Restricted investments (to satisfy discharged debt and related interest) — 704.6
Accounts receivable, net 753.3 785.9
Inventories, net 988.6 873.7
Current assets held for sale 807.1 73.2
Other current assets 87.6 80.7
Total Current Assets 3,918.9 2,876.9
Property, plant and equipment, net 6,185.9 6,316.7
Goodwill 3,389.5 3,649.5
Other intangibles, net 697.7 847.8
Operating lease right‐of‐use assets, net 371.6 383.5
Noncurrent assets held for sale — 372.5
Other noncurrent assets 561.3 546.7
Total Assets $ 15,124.9 $ 14,993.6

Liabilities and Equity
Current Liabilities:
Accounts payable $ 343.3 $ 385.0
Accrued salaries, benefits and payroll taxes 102.3 71.6
Accrued other taxes 53.3 55.4
Accrued interest 40.5 42.8
Current maturities of long‐term debt, including discharged debt 399.6 699.1
Current operating lease liabilities 53.3 52.1
Current liabilities held for sale 18.2 4.5
Other current liabilities 159.7 135.1
Total Current Liabilities 1,170.2 1,445.6
Long‐term debt 3,945.6 4,340.9
Deferred income taxes, net 874.6 914.3
Noncurrent operating lease liabilities 326.7 335.9
Noncurrent liabilities held for sale — 21.8
Noncurrent asset retirement obligations 383.1 377.7
Other noncurrent liabilities 389.1 384.6
Total Liabilities 7,089.3 7,820.8
Equity:
Common stock ($0.01 par value; 100,000,000 shares authorized; 61,821,421 shares and
62,102,353 shares outstanding at December 31, 2023 and 2022, respectively) 0.6 0.6
Preferred stock ($0.01 par value; 10,000,000 shares authorized; no shares outstanding) — —
Additional paid‐in capital 3,519.2 3,489.0
Accumulated other comprehensive loss (49.2) (38.5)
Retained earnings 4,562.6 3,719.4
Total Shareholders’ Equity 8,033.2 7,170.5
Noncontrolling interests 2.4 2.3
Total Equity 8,035.6 7,172.8
Total Liabilities and Equity $ 15,124.9 $ 14,993.6

The accompanying Notes to the Financial Statements are an integral part of these statements.

Page 14 ♦ 2023 Annual Report