Page 123 - Martin Marietta - 2025 Proxy Statement

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

December 31
(in millions,exceptshare andpar valuedata) 2024 2023
Assets
Current Assets:
Cash andcashequivalents $ 670 $ 1,272
Restricted cash — 10
Accounts receivable, net 678 753
Inventories, net 1,115 989
Current assets held forsale 8 807
Othercurrent assets 71 88
TotalCurrent Assets 2,542 3,919
Property,plant andequipment,net 10,109 6,186
Goodwill 3,767 3,389
Other intangibles,net 730 698
Operatinglease right-of-use assets,net 376 372
Othernoncurrent assets 646 561
TotalAssets $ 18,170 $ 15,125

Liabilitiesand Equity
Current Liabilities:
Accountspayable $ 375 $ 343
Accruedsalaries, benefits and payroll taxes 73 102
Accrued incometaxes 102 6
Accruedother taxes 50 47
Accrued interest 45 41
Current maturities of long-termdebt 125 400
Current operatinglease liabilities 56 53
Othercurrent liabilities 190 178
TotalCurrent Liabilities 1,016 1,170
Long-termdebt 5,288 3,946
Deferred incometaxes,net 1,169 874
Noncurrent operatinglease liabilities 335 327
Noncurrent asset retirementobligations 423 383
Othernoncurrent liabilities 483 389
TotalLiabilities 8,714 7,089
Commitments and Contingent Liabilities - Note N
Equity:
Commonstock ($0.01 parvalue;100,000,000 shares authorized;61,126,646 shares
and61,821,421 shares outstanding at December31, 2024 and 2023, respectively) 1 1
Preferredstock ($0.01 parvalue;10,000,000 shares authorized;nosharesoutstanding) — —
Additional paid-incapital 3,550 3,519
Accumulatedother comprehensiveloss (13 ) (49 )
Retained earnings 5,915 4,563
TotalShareholders’ Equity 9,453 8,034
Noncontrolling interests 3 2
TotalEquity 9,456 8,036
TotalLiabilitiesand Equity $ 18,170 $ 15,125

o
TheaccompanyingNotes to theFinancial Statements areanintegral partofthese statements.

2024 Annual Report ♦ Page 15