Texas Industries 8-K Results of Operations and Financial Condition

EXHIBIT 99.1

TXI Reports First Quarter Results

DALLAS, Sept. 26, 2012 (GLOBE NEWSWIRE) -- Texas Industries, Inc. (NYSE:TXI) today reported financial results for the quarter ended August 31, 2012. Results for the quarter were a net loss of $2.7 million or $.09 per share. Results for the quarter ended August 31, 2011 were a loss of $7.4 million or $.27 per share.

General Comments

"Though not back to pre-recession levels, our results reflect improvement in our markets," stated Mel Brekhus, Chief Executive Officer. "Shipments are up, pricing is improving and we are seeing the benefits of our margin enhancement initiatives."

"I am looking forward to beginning the commissioning of our new cement kiln in central Texas this fall. This specific market is strong and needs the additional cement that we will be able to produce," added Brekhus.

A teleconference will be held September 27, 2012 at 10:00 Central Daylight Time to further discuss quarter results. A real-time webcast of the conference is available by logging on to TXI's website at www.txi.com.

The following is a summary of operating results for our business segments and certain other operating information related to our principal products.

Cement Operations

	Three months ended  August 31,
In thousands except per unit	2012	2011
Operating Results
Cement sales	$ 87,313	$ 75,978
Other sales and delivery fees	9,892	9,659
Total segment sales	97,205	85,637
Cost of products sold	86,119	78,232
Gross profit	11,086	7,405
Selling, general and administrative	(3,544)	(4,078)
Other income	880	3,190
Operating Profits	$ 8,422	$ 6,517
Cement
Shipments (tons)	1,119	969
Prices ($/ton)	$78.06	$78.41
Cost of sales ($/ton)	$68.55	$71.77

Cement operating profit for the three-month periods ended August 31, 2012 and August 31, 2011 was $8.4 million and $6.5 million, respectively.

Total segment sales for the three-month period ended August 31, 2012 were $97.2 million compared to $85.6 million for the prior year period. Cement sales increased $11.3 million from the prior year period. Our Texas market area accounted for approximately 67% of cement sales in each of the three -month periods ended August 31, 2012 and August 31, 2011. Average cement prices increased 3% in our Texas market from the prior year period. Average cement prices decreased 7% due to a change in product mix in our California market from the prior year period. Shipments increased 11% in our Texas market area and 24% in our California market area.

Cost of products sold for the three-month period ended August 31, 2012 increased $7.9 million from the prior year period primarily due to higher shipments. Cement unit cost of sales decreased 4% from prior year period primarily due to lower energy costs.

Selling, general and administrative expense for the three-month period ended August 31, 2012 decreased $0.5 million from the prior year period primarily due to our work force reduction initiatives.

Other income for the three-month period ended August 31, 2012 decreased $2.3 million from the prior year period. The sales of emission credits associated with our Crestmore cement plant in Riverside, California resulted in gain of $2.5 million in the three-month period ended August 31, 2011.

Aggregate Operations

	Three months ended  August 31,
In thousands except per unit	2012	2011
Operating Results
Stone, sand and gravel sales	$ 28,151	$ 22,200
Expanded shale and clay sales and delivery fees	30,523	22,901
Total segment sales	58,674	45,101
Cost of products sold	49,041	38,508
Gross profit	9,633	6,593
Selling, general and administrative	(2,330)	(2,950)
Other income	1,716	272
Operating Profit	$ 9,019	$ 3,915
Stone, sand and gravel
Shipments (tons)	3,914	3,143
Prices ($/ton)	$7.19	$7.06
Cost of sales ($/ton)	$5.98	$6.22

Aggregate operating profit for the three-month periods ended August 31, 2012 and August 31, 2011 was $9.0 million and $3.9 million, respectively.

Total segment sales for the three-month period ended August 31, 2012 were $58.7 million compared to $45.1 million for the prior year period. Stone, sand and gravel sales increased $6.0 million from the prior year period on 25% higher shipments and 2% higher average prices.

Cost of products sold for the three-month period ended August 31, 2012 increased $10.5 million from the prior year period primarily due to increased stone, sand and gravel shipments. Stone, sand and gravel unit costs decreased 4% from the prior year period primarily due to the effect of higher shipments on unit costs.

Selling, general and administrative expense for the three-month period ended August 31, 2012 decreased $0.6 million from the prior year period primarily due to our work force reduction initiatives.

Other income for the three-month period ended August 31, 2012 increased $1.4 million primarily due to higher gains from routine sales of surplus operating assets.

Consumer Products Operations

	Three months ended  August 31,
In thousands except per unit	2012	2011
Operating Results
Ready-mix concrete sales	$ 51,918	$ 56,228
Package products sales and delivery fees	127	14,796
Total segment sales	52,045	71,024
Cost of products sold	52,673	71,197
Gross loss	(628)	(173)
Selling, general and administrative	(2,690)	(4,374)
Other income	1,410	2,207
Operating Loss	$ (1,908)	$ (2,340)
Ready-mix concrete
Shipments (cubic yards)	649	741
Prices ($/cubic yard)	$80.08	$75.93
Cost of sales ($/cubic yard)	$80.97	$78.91

Consumer products operating loss for the three-month periods ended August 31, 2012 and August 31, 2011 was $1.9 million and $2.3 million, respectively.   Operating loss for the three-month period ended August 31, 2011 includes $1.5 million profit from our Texas-based package products operations sold in April 2012. Operating results for ready-mix concrete operations improved $1.9 million from the prior year period.

Total segment sales for the three-month period ended August 31, 2012 were $52.0 million compared to $71.0 million for the prior year period. Total segment sales for the three-month period ended August 31, 2011 includes $14.7 million from the Texas-based package products operations sold in April 2012. Ready-mix concrete sales decreased $4.3 million from the prior year period. The effect of having exited the Houston, Texas ready-mix market in July 2011 decreased sales $6.6 million, shipments 14% and increased average prices 2% from the prior year period. Ready-mix concrete sales from ongoing operations increased $2.3 million from the prior year period on 2% higher shipments and 3% higher average prices.

Cost of products sold for the three-month period ended August 31, 2012 decreased $18.5 million from the prior year period primarily due to the sale of our Texas-based package products operation and having exited the Houston ready-mix market. Ready-mix concrete unit costs increased 3% from the prior year period.

Selling, general and administrative expense for the three-month period ended August 31, 2012 decreased $1.7 million from the prior year period primarily due to the effect of the sale of our Texas-based package products operations and our work force reduction initiatives.

Other income for the three-month period ended August 31, 2012 decreased $0.8 million from the prior year period. The decrease was primarily due to the recognition of a $2.1 million gain as a result of the disposition of ready-mix operations in Houston, Texas through the asset exchange transaction in July 2011. Gains from routine sales of surplus operating assets increased $0.5 million from the prior year period. In addition, earnings from joint venture of $0.6 million were recognized in the three-month period ended August 31, 2012.

Corporate

	Three months ended  August 31,
In thousands	2012	2011
Other income	$ 46	$ 203
Selling, general and administrative	(10,315)	(6,402)
	$ (10,269)	$ (6,199)

Other income for the three-month period ended August 31, 2012 decreased $0.2 million from the prior year period primarily due to lower oil and gas royalty payments.

Selling, general and administrative expense for the three-month period ended August 31, 2012 increased $4.0 million from the prior year period primarily due to $2.8 million higher stock-based compensation expense and $1.0 million higher expenses as the result of our realignment of administrative functions.

Interest

Interest expense incurred for the three-month period ended August 31, 2012 was $17.1 million, of which $9.3 million was capitalized in connection with our Hunter, Texas cement plant expansion project and $7.8 million was expensed. Interest expense incurred for the three-month period ended August 31, 2011 was $17.3 million, of which $7.8 million was capitalized in connection with our Hunter, Texas cement plant expansion project and $9.5 million was expensed.

Interest expense incurred for the three-month period ended August 31, 2012 decreased $0.2 million from the prior year period primarily as a result of lower credit facility fees.

Interest expense to be capitalized in connection with our Hunter, Texas cement plant expansion project during the remainder of our current fiscal year is expected to be between $21 million and $27 million.

Income Taxes

Income taxes for the interim periods ended August 31, 2012 and August 31, 2011 have been included in the accompanying financial statements on the basis of an estimated annual rate. The tax rate differs from the 35% federal statutory corporate rate primarily due to percentage depletion that is tax deductible, state income taxes and valuation allowances against deferred tax assets. The estimated annualized rate is (5.9)% for fiscal year 2013 compared to 1.8% for fiscal year 2012. We made no income tax payments in the three-month periods ended August 31, 2012 and August 31, 2011. We received income tax refunds of less than $0.1 million in the three-month period ended August 31, 2011.

Net deferred tax assets totaled $13.5 million at August 31, 2012 and $13.7 million at May 31, 2012, of which $10.4 million at August 31, 2012 and $10.7 million at May 31, 2012 were classified as current. Management reviews our deferred tax position and in particular our deferred tax assets whenever circumstances indicate that the assets may not be realized in the future and records a valuation allowance unless such deferred tax assets are deemed more likely than not to be recoverable. The ultimate realization of these deferred tax assets depends upon various factors including the generation of taxable income during future periods. The Company's deferred tax assets exceeded deferred tax liabilities as of August 31, 2012 and May 31, 2012 primarily as a result of recent losses. Management has concluded that the sources of taxable income we are permitted to consider do not assure the realization of the entire amount of our net deferred tax assets. Accordingly, a valuation allowance is required due to the uncertainty of realizing the deferred tax assets. We recorded a valuation allowance of $5.2 million in fiscal year 2012 through a charge to other comprehensive loss given the increase in actuarial losses in our retirement plans in 2012. We will continue to record additional valuation allowance against additions to our net deferred tax assets for fiscal year 2013 until Management's assurance for the realization of its deferred tax assets are deemed more likely than not to be recoverable.

Certain statements contained in this press release are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements are subject to risks, uncertainties and other factors, which could cause actual results to differ materially from future results expressed or implied by such forward-looking statements. Potential risks and uncertainties include, but are not limited to, the impact of competitive pressures and changing economic and financial conditions on our business, the cyclical and seasonal nature of our business, the level of construction activity in our markets, abnormal periods of inclement weather, unexpected periods of equipment downtime, unexpected operational difficulties, changes in the cost of raw materials, fuel and energy, changes in the cost or availability of transportation, changes in interest rates, the timing and amount of federal, state and local funding for infrastructure, delays in announced capacity expansions, ongoing volatility and uncertainty in the capital or credit markets, the impact of environmental laws, regulations and claims and changes in governmental and public policy, and the risks and uncertainties described in our reports on Forms 10-K, 10-Q and 8-K. Forward-looking statements speak only as of the date hereof, and we assume no obligation to publicly update such statements.

TXI is the largest producer of cement in Texas and a major cement producer in California. TXI is also a major supplier of construction aggregate, ready-mix concrete and concrete products.

The Texas Industries, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=6602

(Unaudited)
CONSOLIDATED STATEMENTS OF OPERATIONS
TEXAS INDUSTRIES, INC. AND SUBSIDIARIES
	Three months ended  August 31,
In thousands except per share	2012	2011
NET SALES	$ 191,808	$ 181,740
Cost of products sold	171,717	167,915
GROSS PROFIT	20,091	13,825
Selling, general and administrative	18,879	17,804
Interest	7,777	9,460
Other income	(4,052)	(5,872)
	22,604	21,392
LOSS BEFORE INCOME TAXES	(2,513)	(7,567)
Income taxes (benefit)	143	(147)
NET LOSS	$ (2,656)	$ (7,420)
Net loss per share
Basic	$ (.09)	$ (.27)
Diluted	$ (.09)	$ (.27)
Average shares outstanding
Basic	27,998	27,874
Diluted	27,998	27,874
Cash dividends declared per share	$ --	$ .075

(Unaudited)
CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS
TEXAS INDUSTRIES, INC. AND SUBSIDIARIES
	Three months ended  August 31,
In thousands	2012	2011
Net loss	$ (2,656)	$ (7,420)
Other comprehensive income
Net actuarial gains (losses) of defined postretirement benefit plans
Reclassification of recognized transactions, net of tax	546	363
Adjustment, net of tax	(55)	--
Prior service cost of defined postretirement benefit plans
Reclassification of recognized transactions, net of taxes	(123)	(123)
Total other comprehensive income	368	240
Comprehensive loss	$ (2,288)	$ (7,180)

CONSOLIDATED BALANCE SHEETS
TEXAS INDUSTRIES, INC. AND SUBSIDIARIES
	(Unaudited)
	August 31,	May 31,
In thousands	2012	2012
ASSETS
CURRENT ASSETS
Cash and cash equivalents	$ 60,871	$ 88,027
Receivables – net	113,354	98,836
Inventories	118,370	129,514
Deferred income taxes and prepaid expenses	17,640	19,007
TOTAL CURRENT ASSETS	310,235	335,384
PROPERTY, PLANT AND EQUIPMENT
Land and land improvements	173,771	172,247
Buildings	51,749	51,982
Machinery and equipment	1,189,805	1,184,651
Construction in progress	454,392	437,166
	1,869,717	1,846,046
Less depreciation and depletion	662,385	650,450
	1,207,332	1,195,596
OTHER ASSETS
Goodwill	1,715	1,715
Real estate and investments	20,716	20,865
Deferred income taxes and other charges	24,400	23,368
	46,831	45,948
	$ 1,564,398	$ 1,576,928
LIABILITIES AND SHAREHOLDERS' EQUITY
CURRENT LIABILITIES
Accounts payable	$ 68,673	$ 64,825
Accrued interest, compensation and other	44,656	61,317
Current portion of long-term debt	1,455	1,214
TOTAL CURRENT LIABILITIES	114,784	127,356
LONG-TERM DEBT	657,803	656,949
OTHER CREDITS	95,935	96,352
SHAREHOLDERS' EQUITY
Common stock, $1 par value; authorized 100,000 shares; issued and outstanding 28,031 and 27,996 shares, respectively	28,031	27,996
Additional paid-in capital	490,495	488,637
Retained earnings	201,480	204,136
Accumulated other comprehensive loss	(24,130)	(24,498)
	695,876	696,271
	$ 1,564,398	$ 1,576,928

(Unaudited)
CONSOLIDATED STATEMENTS OF CASH FLOWS
TEXAS INDUSTRIES, INC. AND SUBSIDIARIES
	Three months ended August 31,
In thousands	2012	2011
OPERATING ACTIVITIES
Net loss	$ (2,656)	$ (7,420)
Adjustments to reconcile net loss to cash provided by operating activities
Depreciation, depletion and amortization	14,216	15,980
Gains on asset disposals	(2,503)	(2,368)
Deferred income tax benefit	(3)	(241)
Stock-based compensation expense	2,766	107
Other – net	(3,028)	(1,567)
Changes in operating assets and liabilities
Receivables – net	(14,013)	(8,670)
Inventories	10,846	894
Prepaid expenses	1,099	1,729
Accounts payable and accrued liabilities	(4,632)	(5,809)
Net cash provided (used) by operating activities	2,092	(7,365)
INVESTING ACTIVITIES
Capital expenditures – expansions	(28,114)	(25,221)
Capital expenditures – other	(4,496)	(20,367)
Proceeds from asset disposals	3,578	863
Investments in life insurance contracts	146	--
Other – net	(59)	(82)
Net cash used by investing activities	(28,945)	(44,807)
FINANCING ACTIVITIES
Debt retirements	(1,028)	(18)
Debt issuance costs	--	(1,629)
Stock option exercises	725	78
Common dividends paid	--	(2,091)
Net cash used by financing activities	(303)	(3,660)
Decrease in cash and cash equivalents	(27,156)	(55,832)
Cash and cash equivalents at beginning of period	88,027	116,432
Cash and cash equivalents at end of period	$ 60,871	$ 60,600

CONTACT: T. Lesley Vines, Jr.
         Vice President
         Corporate Controller & Treasurer
         972.647.6722
         Email: lvines@txi.com

Texas Industries, Inc.
Consolidated Statements of Operations
$ In thousands except per share
	FY2005	FY2006	FY2007	FY2008	FY2009	FY2010	FY2011					FY2012					FY2013
							Q1	Q2	Q3	Q4	Total	Q1	Q2	Q3	Q4	Total	Q1
Shipments
Cement (thousands of tons)	5,394	5,136	5,074	5,035	4,035	3,226	873	784	704	940	3,301	969	884	743	984	3,580	1,119
Aggregates (thousands of tons)	23,616	25,246	22,114	21,851	16,470	11,363	3,584	3,026	2,470	2,985	12,065	3,143	2,818	2,363	3,514	11,838	3,914
Ready-mix (thousands of cubic yards)	3,678	3,830	3,665	3,844	2,902	2,147	669	575	471	700	2,415	741	587	508	563	2,399	649
Price
Cement ($ per ton)	$75.05	$87.14	$95.06	$93.07	$90.31	$82.51	$77.59	$78.49	$76.75	$77.77	$77.68	$78.41	$78.07	$77.76	$76.79	$77.68	$78.06
Aggregates ($ per ton)	$5.68	$6.08	$7.03	$7.44	$7.97	$7.75	$7.42	$7.48	$7.38	$7.23	$7.38	$7.06	$7.45	$7.12	$7.26	$7.38	$7.19
Ready-mix ($ per cubic yard)	$60.54	$69.25	$75.87	$80.83	$85.46	$81.83	$77.83	$75.45	$72.83	$72.92	$74.87	$75.93	$75.85	$73.80	$78.50	$74.87	$80.08
Net Sales
Cement	404,823	447,594	482,379	468,673	364,386	266,180	67,690	61,599	54,018	73,078	256,385	75,978	68,994	57,830	75,611	278,413	87,313
Aggregates	134,220	153,480	155,562	162,582	131,197	88,019	26,593	22,644	18,212	21,596	89,045	22,200	20,993	16,829	25,515	85,537	28,151
Ready-mix	222,680	265,254	278,067	310,652	247,931	175,712	52,106	43,377	34,351	50,992	180,826	56,228	44,579	37,481	44,190	182,478	51,918
Other	104,847	118,555	119,798	132,606	121,321	101,526	27,310	23,112	20,487	30,745	101,654	27,128	23,039	23,556	22,774	96,497	16,271
Interplant	(105,576)	(121,127)	(118,406)	(130,461)	(103,030)	(69,779)	(20,708)	(18,369)	(14,597)	(20,380)	(74,054)	(20,022)	(19,250)	(17,356)	(17,950)	(74,578)	(16,116)
Delivery Fees	73,809	80,166	78,850	84,802	77,397	59,406	19,131	15,748	13,347	19,731	67,957	20,228	17,716	16,296	24,416	78,656	24,271
Net Sales	834,803	943,922	996,250	1,028,854	��839,202	621,064	172,122	148,111	125,818	175,762	621,813	181,740	156,071	134,636	174,556	647,003	191,808
Costs and Expenses (Income)
Cost of products sold	692,414	766,941	754,088	834,333	726,133	562,066	156,014	136,044	135,179	169,273	596,510	167,915	153,325	133,891	146,125	601,256	171,717
Selling, general and administrative	78,434	88,663	108,106	96,220	72,093	79,415	16,141	18,543	17,319	24,417	76,420	17,804	13,877	18,390	22,986	73,057	18,879
Restructuring charges and goodwill impairment	-	-	-	-	58,395	-	-	-	-	-	-	-	3,216	-	-	3,216	-
Interest	23,533	31,155	14,074	2,505	33,286	52,240	14,411	13,886	9,670	9,616	47,583	9,460	8,838	8,512	8,025	34,835	7,777
Loss on debt retirements and spin-off charges	894	113,247	48	-	907	-	29,006	613	-	-	29,619	-	-	-	-	-	-
Other income	(22,727)	(47,270)	(36,629)	(31,563)	(21,191)	(10,666)	(4,890)	(1,929)	(1,115)	(13,578)	(21,512)	(5,872)	(1,527)	(1,337)	(65,097)	(73,833)	(4,052)
	772,548	952,736	839,687	901,495	869,623	683,055	210,682	167,157	161,053	189,728	728,620	189,307	177,729	159,456	112,039	638,531	194,321
Income (Loss) from Continuing Operations
before Income Taxes	62,255	(8,814)	156,563	127,359	(30,421)	(61,991)	(38,560)	(19,046)	(35,235)	(13,966)	(106,807)	(7,567)	(21,658)	(24,820)	62,517	8,472	(2,513)
Income Taxes (Benefits)	16,811	(8,225)	51,852	39,728	(12,774)	(23,138)	(14,868)	(7,845)	(14,301)	(4,880)	(41,894)	(147)	(621)	(540)	2,304	996	143
Income (Loss) from Continuing Operations	45,444	(589)	104,711	87,631	(17,647)	(38,853)	(23,692)	(11,201)	(20,934)	(9,086)	(64,913)	(7,420)	(21,037)	(24,280)	60,213	7,476	(2,656)
Income from Discontinued Operations
net of Income Taxes	79,079	8,691	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income (Loss) before Accounting Change	124,523	8,102	104,711	87,631	(17,647)	(38,853)	(23,692)	(11,201)	(20,934)	(9,086)	(64,913)	(7,420)	(21,037)	(24,280)	60,213	7,476	(2,656)
Cumulative Effect of Accounting Change
net of Income Taxes	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Income (Loss)	124,523	8,102	104,711	87,631	(17,647)	(38,853)	(23,692)	(11,201)	(20,934)	(9,086)	(64,913)	(7,420)	(21,037)	(24,280)	60,213	7,476	(2,656)

Texas Industries, Inc.
Consolidated Balance Sheets
$ In thousands
	5/31/2005	5/31/2006	5/31/2007	5/31/2008	5/31/2009	5/31/2010	8/31/2010	11/30/2010	2/28/2011	5/31/2011	8/31/2011	11/30/2011	2/29/2012	5/31/2012	8/31/2012
Cash	251,600	84,139	15,138	39,527	19,796	74,946	162,427	139,753	123,362	116,432	60,600	67,462	27,155	88,027	60,871
Short-term investments	-	50,606	-	-	-	-	-	-	-	-	-	-	-	-	-
Receivables - net	117,363	132,849	142,610	170,943	129,432	112,184	107,217	96,671	69,999	85,817	94,617	82,378	78,597	98,836	113,354
Inventories	83,291	109,767	135,254	144,654	155,724	142,419	148,741	152,681	143,341	140,646	139,752	128,154	130,294	129,514	118,370
Deferred income taxes and prepaid expenses	28,754	33,599	17,621	17,943	22,039	23,426	22,673	23,351	22,774	22,040	21,001	20,529	21,398	19,007	17,640
Total Current Assets	481,008	410,960	310,623	373,067	326,991	352,975	441,058	412,456	359,476	364,935	315,970	298,523	257,444	335,384	310,235
Property, plant and equipment	886,447	956,896	1,293,360	1,546,125	1,791,546	1,758,778	1,759,077	1,775,126	1,788,023	1,797,750	1,830,765	1,853,036	1,865,027	1,846,046	1,869,717
Less depreciation and depletion	473,794	486,585	509,138	518,361	572,195	604,269	618,706	634,404	646,841	642,329	649,973	662,186	670,030	650,450	662,385
Net Property, Plant and Equipment	412,653	470,311	784,222	1,027,764	1,219,351	1,154,509	1,140,371	1,140,722	1,141,182	1,155,421	1,180,792	1,190,850	1,194,997	1,195,596	1,207,332
Goodwill	58,395	58,395	58,395	60,110	1,715	1,715	1,715	1,715	1,715	1,715	1,715	1,715	1,715	1,715	1,715
Real estate and investments	99,491	125,159	110,761	59,261	10,001	6,774	6,223	7,426	7,007	6,749	6,447	11,472	11,044	20,865	20,716
Deferred income taxes, intangibles and other charges	27,571	22,706	11,369	11,332	14,486	15,774	22,398	23,219	20,314	22,191	24,031	22,481	21,566	23,368	24,400
Assets of discontinued operations	1,114,627	-	-	-	-	-	-	-	-	-	-	-	-	-	-
	1,300,084	206,260	180,525	130,703	26,202	24,263	30,336	32,360	29,036	30,655	32,193	35,668	34,325	45,948	46,831
Total Assets	2,193,745	1,087,531	1,275,370	1,531,534	1,572,544	1,531,747	1,611,765	1,585,538	1,529,694	1,551,011	1,528,955	1,525,041	1,486,766	1,576,928	1,564,398
Accounts payable	44,560	50,931	96,883	111,478	55,749	56,214	54,659	41,800	43,265	56,787	54,320	57,389	60,759	64,825	68,673
Accrued interest, compensation and other items	62,202	66,955	70,104	66,967	51,856	51,455	45,805	63,307	40,087	58,848	49,290	63,829	43,189	61,317	44,656
Current portion of long term debt	688	681	1,340	7,725	243	234	13,341	95	72	73	74	499	486	1,214	1,455
Total Current Liabilities	107,450	118,567	168,327	186,170	107,848	107,903	113,805	105,202	83,424	115,708	103,684	121,717	104,434	127,356	114,784
Long-term Debt	603,126	251,505	274,416	401,880	541,540	538,620	652,459	652,441	652,422	652,403	652,385	654,138	654,014	656,949	657,803
Convertible subordinated debentures	199,937	159,725	-	-	-	-	-	-	-	-	-	-	-	-	-
											��
Deferred income taxes and other credits	77,138	79,837	95,508	118,117	120,011	123,976	108,400	102,495	89,177	87,318	85,223	80,919	81,278	96,352	95,935
Liabilities of discontinued operations	278,527	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Shareholders' equity	927,567	477,897	737,119	825,367	803,145	761,248	737,101	725,400	704,671	695,582	687,663	668,267	647,040	696,271	695,876
Total Liabilities and Shareholders' Equity	2,193,745	1,087,531	1,275,370	1,531,534	1,572,544	1,531,747	1,611,765	1,585,538	1,529,694	1,551,011	1,528,955	1,525,041	1,486,766	1,576,928	1,564,398
	-	-	-	-	-	-

Texas Industries, Inc.
Consolidated Statements of Cash Flows
$ In thousands
	FY2005	FY2006	FY2007	FY2008	FY2009	FY2010	FY2011					FY2012					FY2013
							Q1	Q2	Q3	Q4	Total	Q1	Q2	Q3	Q4	Total	Q1
CONTINUING OPERATIONS
Operating Activities
Income (Loss) from Continuing Operations	45,444	(589)	104,711	87,631	(17,647)	(38,853)	(23,692)	(11,201)	(20,934)	(9,086)	(64,913)	(7,420)	(21,037)	(24,280)	60,213	7,476	(2,656)
Adjustments to reconcile income (loss) from
continuing operations to cash provided by
continuing operating activities
Depreciation, depletion and amortization	46,474	44,955	46,356	55,577	68,192	63,925	15,861	16,130	16,118	16,188	64,297	15,980	15,405	15,110	14,457	60,952	14,216
Goodwill impairment	-	-	-	-	58,395	-	-	-	-	-	-	-	-	-	-	-	-
Loss (gain) on asset disposals	(6,582)	(34,768)	(2,917)	(19,410)	(6,759)	(1,350)	(1,613)	58	�� 99	(12,182)	(13,638)	(2,368)	(383)	(985)	(63,874)	(67,610)	(2,503)
Deferred income taxes (benefit)	33,811	6,581	13,622	20,036	(1,938)	(9,132)	(14,973)	(7,991)	(14,701)	(5,210)	(42,875)	(241)	(704)	(708)	1,565	(88)	(3)
Stock-based compensation expense (credit)	-	-	13,866	2,395	(4,400)	5,097	(230)	2,518	1,983	1,310	5,581	107	(1,336)	2,939	677	2,387	2,766
Excess tax benefits from stock-based compensation	8,000	9,969	(1,694)	(3,299)	(1,596)	(250)	-	-	-	-	-	-	-	-	-	-	-
Loss on debt retirements	-	107,006	48	-	907	-	29,006	613	-	-	29,619	-	-	-	-	-	-
Other - net	889	(2,399)	3,234	2,475	5,931	13,998	2,192	(5,047)	597	5,416	3,158	(1,567)	(3,618)	761	5,647	1,223	(3,028)
Changes in operating assets and liabilities
Receivables - net	(8,873)	(5,060)	846	(29,507)	55,397	(5,421)	4,413	11,699	13,702	(16,435)	13,379	(8,670)	12,366	3,928	(20,927)	(13,303)	(14,013)
Inventories	6,082	(18,761)	(25,047)	(9,400)	(11,070)	13,706	(6,322)	(3,940)	9,340	3,086	2,164	894	11,295	(2,141)	781	10,829	10,846
Prepaid expenses	(1,680)	63	1,392	(2,033)	(1,894)	387	1,297	(65)	1,269	(1,200)	1,301	1,729	1,125	407	(1,876)	1,385	1,099
Accounts payable and accrued liabilities	17,017	(12,155)	31,541	(2,910)	(36,232)	6,046	(7,284)	8,597	(9,293)	19,152	11,172	(5,809)	6,739	(5,396)	11,389	6,923	(4,632)
Other credits	3,838	2,527	-	-	-	-	-	-	-		-	-	-	-	-	-	-
Cash Provided by Continuing Operating Activities	144,420	97,369	185,958	101,555	107,286	48,153	(1,345)	11,371	(1,820)	1,039	9,245	(7,365)	19,852	(10,365)	8,052	10,174	2,092
Investing Activities
Capital expenditures	(46,178)	(110,245)	(317,658)	(312,525)	(288,544)	(13,659)	(3,156)	(20,243)	(15,545)	(6,739)	(45,683)	(45,588)	(16,678)	(34,029)	(10,041)	(106,336)	(32,610)
Cash designated for property acquisitions		-	-	(28,733)	28,733	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from asset disposals	��7,136	23,107	5,552	34,922	7,981	21,592	3,209	(172)	206	353	3,596	863	786	2,539	62,657	66,845	3,578
Investments in insurance contracts	(58,798)	(4,366)	(6,061)	99,203	2,876	6,967	327	3,377	190	179	4,073	-	2,989	365	-	3,354	146
Purchases of short-term investments - net	-	(50,500)	50,500	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other - net	(677)	612	(336)	101	(21)	2,079	292	(1,151)	2,089	36	1,266	(82)	(46)	(174)	57	(245)	(59)
Cash Provided (Used) by Investing Activities	(98,517)	(141,392)	(268,003)	(207,032)	(248,975)	16,979	672	(18,189)	(13,060)	(6,171)	(36,748)	(44,807)	(12,949)	(31,299)	52,673	(36,382)	(28,945)
Financing Activities
Long-term borrowings	-	250,000	38,000	366,000	327,250	-	650,000	-	-	-	650,000	-	-	-	-	-	-
Debt retirements	(699)	(600,700)	(25,521)	(232,366)	(197,772)	(245)	(547,736)	(13,832)	(42)	(17)	(561,627)	(18)	(18)	(137)	(127)	(300)	(1,028)
Debt issuance costs	(39)	(7,363)	-	(2,160)	(5,470)	(2,552)	(12,250)	(176)	(54)	(12)	(12,492)	(1,629)	(103)	(97)	-	(1,829)	-
Debt retirement costs	-	(96,029)	(6)	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest rate swap terminations	(6,315)	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Stock option exercises	41,399	7,510	6,394	3,315	4,641	893	225	239	675	323	1,462	78	80	1,591	274	2,023	725
Excess tax benefits from stock-based compensation	-	-	1,694	3,299	1,596	250	-	-	-	-	-	-	-	-	-	-	-
Common dividends paid	(6,643)	(6,908)	(7,517)	(8,222)	(8,287)	(8,328)	(2,085)	(2,087)	(2,090)	(2,092)	(8,354)	(2,091)	-	-	-	(2,091)	-
Other - net	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash Provided (Used) by Financing Activities	27,703	(453,490)	13,044	129,866	121,958	(9,982)	88,154	(15,856)	(1,511)	(1,798)	68,989	(3,660)	(41)	1,357	147	(2,197)	(303)
Net Cash Provided (Used) by Continuing Operations	73,606	(497,513)	(69,001)	24,389	(19,731)	55,150	87,481	(22,674)	(16,391)	(6,930)	41,486	(55,832)	6,862	(40,307)	60,872	(28,405)	(27,156)
DISCONTINUED OPERATIONS
Cash Provided (Used) by Operating Activities	73,104	(7,778)	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash Used by Investing Activities	(28,163)	(2,757)	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash Provided by Financing Activities	-	340,587	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Cash Provided by Discontinued Operations	44,941	330,052	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Increase (Decrease) in Cash and Cash Equivalents	118,547	(167,461)	(69,001)	24,389	(19,731)	55,150	87,481	(22,674)	(16,391)	(6,930)	41,486	(55,832)	6,862	(40,307)	60,872	(28,405)	(27,156)
Cash and Cash Equivalents at Beginning of Period	133,053	251,600	84,139	15,138	39,527	19,796	74,946	162,427	139,753	123,362	74,946	116,432	60,600	67,462	27,155	74,946	88,027
Cash and Cash Equivalents at End of Period	251,600	84,139	15,138	39,527	19,796	74,946	162,427	139,753	123,362	116,432	116,432	60,600	67,462	27,155	88,027	46,541	60,871

Texas Industries, Inc.
Reconciliation of EBITDA to Net Income and Cash Provided (Used) by Continuing Operations
$ In thousands
	FY2005			FY2006			FY2007			FY2008			FY2009			FY2010			FY2011												FY2012												FY2013
																				Q1		Q2		Q3		Q4		Total				Q1		Q2		Q3		Q4		Total				Q1
EBITDA Defined
Net Income (loss) from Continuing Operations		45,444			(589	)		104,711			87,631			(17,647	)		(38,853	)		(23,692	)	(11,201	)	(20,934	)	(9,086	)		(64,913	)		(7,420	)	(21,037	)	(24,280	)	60,213			7,476			(2,656	)
Plus (minus):
Interest		23,533			31,155			14,074			2,505			33,286			52,240			14,411		13,886		9,670		9,616			47,583			9,460		8,838		8,512		8,025			34,835			7,777
Income taxes (benefit)		16,811			(8,225	)		51,852			39,728			(12,774	)		(23,138	)		(14,868	)	(7,845	)	(14,301	)	(4,880	)		(41,894	)		(147	)	(621	)	(540	)	2,304			996			143
Depreciation, depletion and amortization		46,474			44,955			46,356			55,577			68,192			63,925			15,861		16,130		16,118		16,188			64,297			15,980		15,405		15,110		14,457			60,952			14,216
Restructuring charges and goodwill impairment		-			-			-			-			58,395			-			-		-		-		-			-			-		3,216		-		-			3,216			-
Loss on debt retirements and spin-off charges		894			113,247			48			-			907			-			29,006		613		-		-			29,619			-		-		-		-			-			-
EBITDA		133,156			180,543			217,041			185,441			130,359			54,174			20,718		11,583		(9,447	)	11,838			34,692			17,873		5,801		(1,198	)	84,999			107,475			19,480
EBITDA represents income from continuing operations before interest, income taxes, depreciation and amortization, restructuring charges and goodwill impairment, and loss on debt retirements and spin-off charges.
EBITDA is presented because we believe it is a useful indicator of our performance and our ability to meet debt service and capital expenditure requirements.
It is not, however, intended as an alternative measure of operating results or cash flow from operations as determined in accordance with generally accepted accounting principles.
EBITDA is not necessarily comparable to similarly titled measures used by other companies.
EBITDA Reconciliation
Cash from Continuing Operating Activities		144,420			97,369			185,958			101,555			107,286			48,153			(1,345	)	11,371		(1,820	)	1,039			9,245			(7,365	)	19,852		(10,365	)	8,052			10,174			2,092
Plus (minus):
Changes in operating assets and liabilities		(16,384	)		33,386			(8,732	)		43,850			(6,201	)		(14,718	)		7,896		(16,291	)	(15,018	)	(4,603	)		(28,016	)		11,856		(31,525	)	3,202		10,633			(5,834	)		6,700
Deferred taxes (benefit)		(33,811	)		(6,581	)		(13,622	)		(20,036	)		1,938			9,132			14,973		7,991		14,701		5,210			42,875			241		704		708		(1,565	)		88			3
Stock-based compensation expense (credit)		-			-			(13,866	)		(2,395	)		4,400			(5,097	)		230		(2,518	)	(1,983	)	(1,310	)		(5,581	)		(107	)	1,336		(2,939	)	(677	)		(2,387	)		(2,766	)
Excess tax benefits from stock-based compensation		(8,000	)		(9,969	)		1,694			3,299			1,596			250			-		-		-		-			-			-		-		-		-			-			-
Income taxes (benefit)		16,811			(8,225	)		51,852			39,728			(12,774	)		(23,138	)		(14,868	)	(7,845	)	(14,301	)	(4,880	)		(41,894	)		(147	)	(621	)	(540	)	2,304			996			143
Loss (gain) on assets disposals		6,582			34,768			2,917			19,410			6,759			1,350			1,613		(58	)	(99	)	12,182			13,638			2,368		383		985		63,874			67,610			2,503
Interest		23,533			31,155			14,074			2,505			33,286			52,240			14,411		13,886		9,670		9,616			47,583			9,460		8,838		8,512		8,025			34,835			7,777
Restructuring charges		-			-			-			-			-			-			-		-		-		-			-			-		3,216		-		-			3,216			-
Spin-off charges		894			6,241			-			-			-			-			-		-		-		-			-			-		-		-		-			-			-
Other - net		(889	)		2,399			(3,234	)		(2,475	)		(5,931	)		(13,998	)		(2,192	)	5,047		(597	)	(5,416	)		(3,158	)		1,567		3,618		(761	)	(5,647	)		(1,223	)		3,028
EBITDA		133,156			180,543			217,041			185,441			130,359			54,174			20,718		11,583		(9,447	)	11,838			34,692			17,873		5,801		(1,198	)	84,999			107,475			19,480

Texas Industries, Inc.
Business Segment Summary
$ In thousands except per share
	FY2005			FY2006			FY2007			FY2008			FY2009			FY2010			FY2011															FY2012															FY2013
																				Q1			Q2			Q3			Q4		Total				Q1			Q2			Q3			Q4		Total				Q1
Cement Operations
Operating Results
Cement sales		404,823			447,594			482,379			468,673			364,386			266,180			67,690			61,599			54,018			73,078			256,385			75,978			68,994			57,830			75,611			278,413			87,313
Other sales and delivery fees		30,699			27,416			27,648			36,079			30,934			28,333			8,692			6,979			6,144			9,094			30,909			9,659			8,240			7,641			11,340			36,880			9,892
Total segment sales		435,522			475,010			510,027			504,752			395,320			294,513			76,382			68,578			60,162			82,172			287,294			85,637			77,234			65,471			86,951			315,293			97,205
Cost of products sold		338,528			352,603			343,145			391,687			342,824			270,763			70,063			63,121			70,010			80,213			283,407			78,232			78,050			63,359			66,484			286,125			86,119
Gross profit		96,994			122,407			166,882			113,065			52,496			23,750			6,319			5,457			(9,848	)		1,959			3,887			7,405			(816	)		2,112			20,467			29,168			11,086
Selling, general and administrative		(15,085	)		(13,956	)		(19,878	)		(18,307	)		(19,343	)		(17,528	)		(4,793	)		(4,018	)		(3,286	)		(6,870	)		(18,967	)		(4,078	)		(4,165	)		(4,663	)		(3,625	)		(16,531	)		(3,544	)
Restructuring charges and goodwill impairment		-			-			-			-			(58,395	)		-			-			-			-			-			-			-			(1,074	)		-			-			(1,074	)		-
Other income		1,342			951			24,536			7,419			9,301			7,774			2,438			509			696			1,188			4,831			3,190			700			167			4,868			8,925			880
Operating Profit (Loss)		83,251			109,402			171,540			102,177			(15,941	)		13,996			3,964			1,948			(12,438	)		(3,723	)		(10,249	)		6,517			(5,355	)		(2,384	)		21,710			20,488			8,422
Cement
Shipments (tons)		5,394			5,136			5,074			5,035			4,035			3,226			873			784			704			940			3,301			969			884			743			984			3,580			1,119
Prices ($/ton)	$	75.05		$	87.14		$	95.06		$	93.07		$	90.31		$	82.51		$	77.59		$	78.49		$	76.75		$	77.77		$	77.68		$	78.41		$	78.07		$	77.76		$	76.79		$	77.68		$	78.06
Cost of sales ($/ton)	$	58.03		$	63.65		$	63.08		$	70.85		$	78.02		$	76.36		$	71.23		$	73.39		$	90.43		$	76.33		$	77.29		$	71.77		$	78.34		$	75.95		$	56.60		$	77.29		$	68.55
Aggregate Operations
Operating Results
Stone, sand and gravel sales		134,220			153,480			155,562			162,582			131,197			88,019			26,593			22,644			18,212			21,596			89,045			22,200			20,993			16,829			25,515			85,537			28,151
Expanded shale and clay sales and delivery fees		88,125			99,101			113,292			122,748			106,294			76,928			23,377			18,438			16,692			24,873			83,380			22,901			18,973			19,813			27,336			89,023			30,523
Total segment sales		222,345			252,581			268,854			285,330			237,491			164,947			49,970			41,082			34,904			46,469			172,425			45,101			39,966			36,642			52,851			174,560			58,674
Cost of products sold		191,837			219,124			218,394			231,503			197,583			142,963			43,410			35,002			32,323			41,367			152,102			38,508			35,313			35,225			43,800			152,846			49,041
Gross profit		30,508			33,457			50,460			53,827			39,908			21,984			6,560			6,080			2,581			5,102			20,323			6,593			4,653			1,417			9,051			21,714			9,633
Selling, general and administrative		(11,920	)		(15,436	)		(16,212	)		(15,178	)		(12,633	)		(9,602	)		(3,059	)		(2,814	)		(2,679	)		(2,837	)		(11,389	)		(2,950	)		(2,323	)		(2,466	)		(2,828	)		(10,567	)		(2,330	)
Restructuring charges		-			-			-			-			-			-			-			-			-			-			-			-			(437	)		-			-			(437	)		-
Other income		10,782			30,376			2,638			16,974			6,954			1,419			1,633			57			16			11,998			13,704			272			207			1,263			21,103			22,845			1,716
Operating Profit (Loss)		29,370			48,397			36,886			55,623			34,229			13,801			5,134			3,323			(82	)		14,263			22,638			3,915			2,100			214			27,326			33,555			9,019
Stone, sand and gravel
Shipments (tons)		23,616			25,246			22,114			21,851			16,470			11,363			3,584			3,026			2,470			2,985			12,065			3,143			2,818			2,363			3,514			11,838			3,914
Prices ($/ton)	$	5.68		$	6.08		$	7.03		$	7.44		$	7.97		$	7.75		$	7.42		$	7.48		$	7.38		$	7.23		$	7.38		$	7.06		$	7.45		$	7.12		$	7.26		$	7.38		$	7.19
Cost of sales ($/ton)	$	4.80		$	5.23		$	5.40		$	6.13		$	6.68		$	6.91		$	6.45		$	6.53		$	7.23		$	6.80		$	6.72		$	6.22		$	6.35		$	7.47		$	6.01		$	6.72		$	5.98
Consumer Products Operations
Operating Results
Ready-mix concrete sales		222,680			265,254			278,067			310,652			247,931			175,712			52,106			43,377			34,351			50,992			180,826			56,228			44,579			37,481			44,190			182,478			51,918
Package products sales and delivery fees		59,832			72,204			57,708			58,581			61,490			55,671			14,372			13,443			10,998			16,509			55,322			14,796			13,542			12,398			8,514			49,250			127
Total segment sales		282,512			337,458			335,775			369,233			309,421			231,383			66,478			56,820			45,349			67,501			236,148			71,024			58,121			49,879			52,704			231,728			52,045
Cost of products sold		267,625			316,341			310,955			341,604			288,756			218,119			63,249			56,290			47,443			68,073			235,055			71,197			59,212			52,663			53,791			236,863			52,673
Gross profit		14,887			21,117			24,820			27,629			20,665			13,264			3,229			530			(2,094	)		(572	)		1,093			(173	)		(1,091	)		(2,784	)		(1,087	)		(5,135	)		(628	)
Selling, general and administrative		(10,339	)		(11,415	)		(16,284	)		(19,314	)		(13,116	)		(10,193	)		(2,676	)		(3,047	)		(2,607	)		(4,443	)		(12,773	)		(4,374	)		(2,436	)		(1,297	)		(2,739	)		(10,846	)		(2,690	)
Restructuring charges		-			-			-			-			-			-			-			-			-			-			-			-			(536	)		-			-			(536	)		-
Other income		711			647			1,310			3,268			1,314			586			198			134			66			131			529			2,207			457			(177	)		39,065			41,552			1,410
Operating Profit (Loss)		5,259			10,349			9,846			11,583			8,863			3,657			751			(2,383	)		(4,635	)		(4,884	)		(11,151	)		(2,340	)		(3,606	)		(4,258	)		35,239			25,035			(1,908	)
Ready-mix concrete
Shipments (tons)		3,678			3,830			3,665			3,844			2,902			2,147			669			575			471			700			2,415			741			587			508			563			2,399			649
Prices ($/ton)	$	60.54		$	69.25		$	75.87		$	80.83		$	85.46		$	81.83		$	77.83		$	75.45		$	72.83		$	72.92		$	74.87		$	75.93		$	75.85		$	73.80		$	78.50		$	74.87		$	80.08
Cost of sales ($/ton)	$	61.12		$	67.69		$	71.92		$	76.36		$	81.41		$	79.82		$	76.20		$	77.79		$	80.71		$	77.70		$	77.89		$	78.91		$	80.66		$	81.87		$	81.34		$	77.89		$	80.97
Total Segment Operating Profit (Loss)		117,880			168,148			218,272			169,383			27,151			31,454			9,849			2,888			(17,155	)		5,656			1,238			8,092			(6,861	)		(6,428	)		84,275			79,078			15,533
Corporate
Other income		9,892			15,296			8,145			3,902			3,622			887			621			1,229			337			261			2,448			203			163			84			61			511			46
Selling, general and administrative		(41,090	)		(47,856	)		(55,732	)		(43,421	)		(27,001	)		(42,092	)		(5,613	)		(8,664	)		(8,747	)		(10,267	)		(33,291	)		(6,402	)		(4,953	)		(9,964	)		(13,794	)		(35,113	)		(10,315	)
Restructuring charges		-			-			-			-			-			-			-			-			-			-			-			-			(1,169	)		-			-			(1,169	)		-
		(31,198	)		(32,560	)		(47,587	)		(39,519	)		(23,379	)		(41,205	)		(4,992	)		(7,435	)		(8,410	)		(10,006	)		(30,843	)		(6,199	)		(5,959	)		(9,880	)		(13,733	)		(35,771	)		(10,269	)
Interest		(23,533	)		(31,155	)		(14,074	)		(2,505	)		(33,286	)		(52,240	)		(14,411	)		(13,886	)		(9,670	)		(9,616	)		(47,583	)		(9,460	)		(8,838	)		(8,512	)		(8,025	)		(34,835	)		(7,777	)
Loss on Debt Retirements		(894	)		(113,247	)		(48	)		-			(907	)		-			(29,006	)		(613	)		-			-			(29,619	)		-			-			-			-			-			-
Income (loss) from Continuing Operations before
Income Taxes		62,255			(8,814	)		156,563			127,359			(30,421	)		(61,991	)		(38,560	)		(19,046	)		(35,235	)		(13,966	)		(106,807	)		(7,567	)		(21,658	)		(24,820	)		62,517			8,472			(2,513	)

Texas Industries, Inc.
Business Segment Summary
$ In thousands except per share
	FY2005		FY2006		FY2007		FY2008		FY2009		FY2010		FY2011							FY2012								FY2013
														Q1	Q2	Q3	Q4	Total			Q1	Q2	Q3	Q4		Total			Q1
Major Gains (losses) in Other Income
Cement
Antidumping settlement						19,803
Sale of emissions credits								3,879		1,723		3,427		1,690					1,690		2,533						2,533
Oil and gas bonus proceeds										2,781
Aggregates
Sale of emissions credits		6,225
Sale of real estate				23,987				5,146		4,961														20,784
Sale of southern Louisiana operations								10,093
Exchange of operating assets																	11,997		11,997		2,058			(489	)		1,569
Consumer products
Texas-based package products operations																								30,881
Exchange of operation assets																								8,965
Corporate
Oil and gas bonus proceeds										1,636					834				834								-
Depreciation, Depletion and Amortization
Cement		24,926		23,628		23,234		25,645		37,799		35,828		9,149	9,181	9,124	9,122		36,576		8,927	8,897	8,723	8,531			35,078		8,464
Aggregates		12,898		13,926		16,093		21,166		21,919		19,873		4,772	4,956	4,793	4,442		18,963		4,195	3,868	3,898	3,784			15,745		3,669
Consumer Products		6,889		6,181		6,493		7,998		7,434		7,065		1,656	1,709	1,919	2,341		7,625		2,564	2,326	2,194	1,897			8,981		1,866
Corporate		1,761		1,220		536		768		1,040		1,159		284	284	282	283		1,133		294	314	295	245			1,148		217
Total Depreciation, Depletion and Amortization		46,474		44,955		46,356		55,577		68,192		63,925		15,861	16,130	16,118	16,188		64,297		15,980	15,405	15,110	14,457			60,952		14,216