Page 150 - Martin Marietta - 2024 Proxy Statement

NOTES TO FINANCIAL STATEMENTS (Continued)

years ended December 31
(in millions)
Property additions through acquisitions 2023 2022 2021
East Group $ — $ — $ 169.2
West Group — 2.5 918.3
Total Building Materials business — 2.5 1,087.5
Magnesia Specialties — — —
Total reportable segments — 2.5 1,087.5
Corporate — — —
Total $ — $ 2.5 $ 1,087.5

Note P: Revenues and Gross Profit

The following tables, which are reconciled to consolidated amounts, provide total revenues and gross profit (loss) by line of
business: Building Materials (further divided by product line) and Magnesia Specialties. Interproduct revenues represent sales from
the aggregates product line to the ready mixed concrete and asphalt and paving product lines and sales from the cement product
line to the ready mixed concrete product line. Total revenues and gross profit (loss) reflect continuing operations only.
years ended December 31
(in millions)
Total revenues 2023 2022 2021
Building Materials business:
Aggregates $ 4,301.6 $ 3,879.0 $ 3,344.3
Cement 725.5 620.0 509.3
Ready mixed concrete 1,009.3 953.2 1,147.5
Asphalt and paving 887.1 787.9 517.9
Less: interproduct revenues (461.7) (383.4) (403.7)
Total Building Materials business 6,461.8 5,856.7 5,115.3
Magnesia Specialties 315.4 304.0 298.7
Consolidated total revenues $ 6,777.2 $ 6,160.7 $ 5,414.0

years ended December 31
(in millions)
Gross profit (loss) 2023 2022 2021
Building Materials business:
Aggregates $ 1,378.1 $ 983.8 $ 907.6
Cement 333.6 202.7 155.9
Ready mixed concrete 102.0 70.7 96.5
Asphalt and paving 109.0 81.0 79.9
Total Building Materials business 1,922.7 1,338.2 1,239.9
Magnesia Specialties: 97.1 90.9 106.5
Corporate 2.8 (5.8) 2.0
Consolidated gross profit $ 2,022.6 $ 1,423.3 $ 1,348.4

Domestic and foreign total revenues are as follows:
years ended December 31
(in millions) 2023 2022 2021
Domestic $ 6,707.2 $ 6,077.6 $ 5,338.5
Foreign 70.0 83.1 75.5
Consolidated total revenues $ 6,777.2 $ 6,160.7 $ 5,414.0

ge 48 ♦ 2023 Annual Report