Martin Marietta Corporation and Subsidiaries
Consolidated Financial Data
Five Year Summary
(in millions, except per share)
1994 1993 1992 1991 1990
Operating Results
Net sales $9,874 $9,436 $5,954 $6,076 $6,126
Cost of sales, other costs and expenses 8,896 8,648 5,405 5,538 5,683
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Earnings from Operations 978 788 549 538 443
Other income and expenses, net 209 47 21 (59) 34
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1,187 835 570 479 477
Interest expense on debt 115 110 58 58 42
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Earnings before taxes on income and
cumulative effect of accounting
changes 1,072 725 512 421 435
Taxes on income 436 275 167 108 108
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Earnings before Cumulative Effect of
Accounting Changes 636 450 345 313 327
Cumulative effect of changes in
accounting for post-retirement
benefits other than pensions and for
post-employment benefits - (429) - - -
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Net Earnings $ 636 $ 21 $345 $313 $327
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Per Common Share
Assuming no dilution:
Before cumulative effect of accounting
changes $6.00 $4.25 $3.60 $3.15 $3.26
Cumulative effect of accounting changes - (4.51) - - -
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Net earnings (loss) $6.00 $(0.26) $3.60 $3.15 $3.26
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Assuming full dilution:
Before cumulative effect of accounting
changes $5.05 $3.80 $3.60 $3.15 $3.26
Cumulative effect of accounting changes - * - - -
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Net earnings $5.05 * $3.60 $3.15 $3.26
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Cash Dividends $0.93 $0.87 $0.795 $0.75 $0.69375
*Anti-dilutive
Condensed Balance Sheet Data
Current assets $2,760 $2,448 $1,434 $1,628 $1,401
Other noncurrent assets 1,194 708 801 847 760
Noncurrent deferred income taxes 157 206 - - -
Property, plant and equipment, net 1,649 1,693 1,257 1,316 1,341
Cost in excess of net assets acquired 2,074 1,915 26 23 24
Other intangibles 704 775 81 94 85
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Total $8,538 $7,745 $3,599 $3,908 $3,611
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Current liabilities-other $1,803 $1,492 $ 582 $ 884 $ 989
Current maturities of long-term debt 8 318 4 75 5
Long-term debt 1,346 1,479 475 596 463
Post-retirement benefit liabilities 783 741 102 99 55
Customer deposits 402 - - - -
Other noncurrent liabilities 825 838 194 202 300
Noncurrent deferred income taxes - - 297 248 258
Shareowners' equity 3,371 2,877 1,945 1,804 1,541
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Total $8,538 $7,745 $3,599 $3,908 $3,611
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