174 results
10-Q
2024 Q1
CRH
CRH Plc
10 May 24
Quarterly report
6:11am
Three months ended | March 31 | 2024 | 2023 | Net income (loss) | 114 | (31) | Other comprehensive income (loss), net of tax: | Currency translation adjustment | (148) | 98 | Net change in fair value of effective portion of cash flow hedges, net of tax of $6 million and $(6) million for the three months ended March 31, 2024 and March 31, 2023, respectively | (37) | 31 | Actuarial losses and prior service costs for pension and other postretirement plans, net of tax of $1 million and $nil million for the three months ended March 31, 2024 and March 31, 2023, respectively | (3) | (3) | Other comprehensive (loss) income | (188) | 126 | Comprehensive (loss) income | (74) | 95 | Comprehensive (income) attributable to redeemable noncontrolling interests | (2) | (2) | Comprehensive loss (income) attributable to noncontrolling interests | 11 | (7) | Comprehensive (loss) income attributable to CRH plc | (65) | 86 |
10-Q
2024 Q1
CRH
CRH Plc
10 May 24
Quarterly report
6:11am
The provisional amounts for assets acquired, liabilities assumed, and consideration related to the acquisitions at March 31, 2024 were:
in $ millions | Hunter | Other acquisitions (i) | Total | |||||||||||
Identifiable assets acquired and liabilities assumed | Accounts receivable, net | - | 6 | 6 | ||||||||||
Inventories | 71 | 1 | 72 | |||||||||||
Other current assets | 2 | 2 | 4 | |||||||||||
Property, plant and equipment, net | 1,075 | 38 | 1,113 | |||||||||||
Intangible assets, net | 2 | 18 | 20 | |||||||||||
Operating lease right-of-use assets, net | 12 | 19 | 31 | |||||||||||
Accounts payable | - | 3 | 3 | |||||||||||
Accrued expenses | 5 | 3 | 8 | |||||||||||
Operating lease liabilities | 12 | 19 | 31 | |||||||||||
Long-term debt | - | (2) | (2) | |||||||||||
Deferred income tax liabilities | - | 1 | 1 | |||||||||||
Other liabilities | 8 | 14 | 22 | |||||||||||
Total identifiable net assets at fair value | 1,137 | 46 | 1,183 | |||||||||||
Goodwill | 969 | 56 | 1,025 | |||||||||||
Total consideration | 2,106 | 102 | 2,208 | |||||||||||
Consideration satisfied by: | Cash payments | 2,106 | 100 | 2,206 | ||||||||||
Deferred consideration (stated at net present cost) | - | 2 | 2 | |||||||||||
Total consideration | 2,106 | 102 | 2,208 | |||||||||||
Acquisitions of businesses, net of cash acquired | Cash consideration | 2,106 | 100 | 2,206 | ||||||||||
Total outflow in the Condensed Consolidated Statements of Cash Flows | 2,106 | 100 | 2,206 |
10-Q
2024 Q1
CRH
CRH Plc
10 May 24
Quarterly report
6:11am
Other current liabilities were:
March 31 | December 31 | March 31 | in $ millions | 2024 | 2023 | 2023 | Dividends payable | 241 | 750 | 764 | Construction contract liabilities | 430 | 439 | 337 | Insurance liability | 159 | 171 | 205 | Income tax payable | 77 | 129 | 3 | Other | 828 | 583 | 754 | Total other current liabilities | 1,735 | 2,072 | 2,063 |
10-Q
2024 Q1
CRH
CRH Plc
10 May 24
Quarterly report
6:11am
March 31 | December 31 | March 31 | in $ millions | 2024 | 2023 | 2023 | Short and long-term debt | (12,672) | (11,642) | (9,834) | Cash and cash equivalents (i) | 3,309 | 6,390 | 4,650 | Finance lease liabilities | (145) | (117) | (85) | Derivative financial instruments (net) | (92) | (37) | (32) | Net Debt | (9,600) | (5,406) | (5,301) | (i) Cash and cash equivalents at March 31, 2024, includes $1 million cash and cash equivalents reclassified as held for sale. Cash and cash equivalents at December 31, 2023 includes $49 million cash and cash equivalents reclassified as held for sale. |
10-Q
2024 Q1
CRH
CRH Plc
10 May 24
Quarterly report
6:11am
The summarized Income Statement information is as follows:
in $ millions | For the three months ended March 31, 2024 | For the year ended December 31, 2023 | ||||||
(Loss) income from operations before income tax expense and income from equity method investments (i) | (13) | 4,016 | ||||||
- of which relates to transactions with non-obligor subsidiaries | 77 | 4,044 | ||||||
Net (loss) income – all of which is attributable to equity holders of the Company | (13) | 4,014 | ||||||
- of which relates to transactions with non-obligor subsidiaries | 77 | 4,044 | ||||||
(i) Revenues and gross profit for the Obligor Group for the three months ended March 31, 2024 and for the year ended December 31, 2023 amounted to $nil and $nil, respectively. | ||||||||
The summarized Balance Sheet information is as follows: | ||||||||
March 31, 2024 | December 31, 2023 | |||||||
Current assets | 471 | 1,314 | ||||||
Current assets – of which is due from non-obligor subsidiaries | 288 | 332 | ||||||
Noncurrent assets | 3,639 | 3,655 | ||||||
Noncurrent assets – of which is due from non-obligor subsidiaries | 3,639 | 3,655 | ||||||
Current liabilities | 2,448 | 1,728 | ||||||
Current liabilities – of which is due to non-obligor subsidiaries | 2,166 | 1,706 | ||||||
Noncurrent liabilities | 1,996 | 2,006 | ||||||
Noncurrent liabilities – of which is due to non-obligor subsidiaries | - | - |
10-Q
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