Page 127 - Martin Marietta - 2024 Proxy Statement

NOTES TO FINANCIAL STATEMENTS (Continued)
Financial results for the Company's discontinued operations are as follows:

years ended December 31
(in millions) 2023 2022 2021
Total revenues $ 94.2 $ 308.6 $ 79.2

Pretax (loss) earnings from operations $ (16.3) $ 16.2 $ 6.6
Pretax loss on divestitures and sales of assets (24.0) (0.7) (6.0)
Pretax (loss) earnings (40.3) 15.5 0.6
Income tax (benefit) expense (9.4) 5.0 0.1
(Loss) Earnings from discontinued operations, net of income tax
(benefit) expense $ (30.9) $ 10.5 $ 0.5

Cash flow information for the Company's discontinued operations is as follows:
years ended December 31
(in millions) 2023 2022 2021
Net cash provided by (used for) operating activities $ 0.6 $ (31.6) $ (8.2)
Additions to property, plant and equipment $ (3.0) $ (15.5) $ (3.7)
Proceeds from divestitures and sales of assets 372.0 249.9 —
Net cash provided by (used for) investing activities $ 369.0 $ 234.4 $ (3.7)

Assets and Liabilities Held for Sale
Current assets and current liabilities held for sale at December 31, 2023 included the South Texas cement plant, related cement
distribution terminals, 20 ready mixed concrete plants that serve the Austin and San Antonio region and certain nonoperating land.
At December 31, 2022, assets and liabilities held for sale included the Tehachapi,California cement plant that was sold in October
2023, the Stockton, California cement terminal that was sold in May 2023 and certain nonoperating land.
Assets and liabilities held for sale are as follows:

2023
December 31 Continuing
(in millions) Operations
Inventories, net $ 60.6
Investment land 17.9
Other assets 3.7
Property, plant and equipment 327.2
Intangible assets, excluding goodwill 122.3
Operating lease right‐of‐use assets 15.4
Goodwill 260.0
Total current assets held for sale $ 807.1

Lease obligations $ (16.3)
Asset retirement obligations (1.9)
Total current liabilities held for sale $ (18.2)

23 Annual Report ♦ Page 25