ARCOSA INC.

S
BALANCE SHEET (USD million
ASSETS 2018 2019

A) Non-current assets

Property, plant and equipment-gross 1,328.70 1,420.50

Accumulated
Accumulateddepreciation
Depreciation (525.70) (590.00)
Goodwill 615.20 621.90
Other non-current assets 86.60 92.90

Total non-current assets 1,504.80 1,545.30

B) Current assets

Inventories 252.50 283.30

Account receivables 291.40 200.00
Other current assets 24.10 33.50
Cash and short term investments 99.40 240.40

Total current assets 667.40 757.20

TOTAL ASSETS 2,172.20 2,302.50

INVESTMENTS (USE OF FUNDS)

CASH FLOW STATEMENT

What do we explain through the statement of cash flows?

Change in cash and other liquid assets

1. CASH FLOWS FROM OPERATING ACTIVITIES

Oerating profit (EBIT)

+/- D&A, impairments, provisions, and results that do not imply cash inflo
-Interests and income tax paid
+Interests and dividends received
 +/- Variation of need of funds

TOTAL CASH FLOWS FROM OPERATING ACTIVITIES…………………………

NOF1 Operating current assets year 1 - Operating

NOF2 Operating current assets year 2 - Operating

∆NOF +336,2-203,0 =

2. CASH FLOWS FROM INVESTING ACTIVITIES

Both the operational investments of the company and those of a financial nature. If the variation of th

(Payments on investments)/Proceeds from disposals in pla

(Payments on investments)/Proceeds from disposals in inta
∑Payments of investments in PP&E and inta

(Payments on financial investments)/Proceeds on financial

TOTAL CASH FLOWS FROM INVESTING ACTIVITIES……………………………

3. CASH FLOWS FROM FINANCING ACTIVITIES

How has the financing of the firm with external resources varied? That is, through new shareholders
If the variation of the BS is positive, cash comes in (and vice versa)

1. Equity + ∆Capital
+ ∆Share premium
- Repayment of equity
- Payment of dividends

2. Debt
∆Long-term debt
∆Short-term debt

TOTAL FLUJO DE EFECTIVO DE LAS ACTIVIDADES DE FINANCIACIÓN

(*) El deterioro implica una correció n en el valor del inovilizado material. Realmente las adquisicion

NET INCREASE / (DECREASE) IN CASH

 ARCOSA INC. STATEMENT OF CASH FLOWS
E SHEET (USD millions)
EQUITY AND LIABILITIES 2018 2019

A) Equity

Capital
Capital 0.50 0.50
Share
Legal
premium
and statutory reserves 1,685.70 1,686.70
Retained earnings 1.80 103.20
Treasury
Otherstock
reserves (3.50) -

Total equity 1,684.50 1,790.40

B) Non-current liabilities

Debt 183.70 103.60

Other non-current liabilities 94.50 124.50
Total non-current liabilities 278.20 228.10

C) Current liabilities
Debt 1.80 3.70
Accounts payable 86.20 90.00
Accrued liabilities 99.90 119.40
Advance billings 21.60 70.90

Total current liabilities 209.50 284.00

TOTAL EQUITY & LIABILITIES 2,172.20 2,302.50

FINANCING (SOURCE OF FUNDS)

LOW STATEMENT

2019 240.40
2018 99.40
∆ 141.00

152.90
results that do not imply cash inflows/outflows 64.30
(40.30)
0.70
 133.20

ING ACTIVITIES…………………………………..…………………………………………………………… 310.80

g current assets year 1 - Operating current liabilities year 1

336.20

g current assets year 2 - Operating current liabilities year 2

203.00

-133.20 A decrease in the NOF is equivalent to an increase in the right

side of the balance sheet, the firm finances itself; cash increases.

nancial nature. If the variation of the BS is positive, cash comes out (and vice versa)

s)/Proceeds from disposals in plant, property, and equipment (91.80)

s)/Proceeds from disposals in intangible assets (6.70)
nts of investments in PP&E and intangible assets (98.50) (i)

vestments)/Proceeds on financial investments (15.70) (ii)

NG ACTIVITIES………………………………………………………………………………………… (114.20)

That is, through new shareholders and debt.

∆Capital -
∆Share premium 1.00
Repayment of equity 3.50
Payment of dividends (11.90)

∆Long-term debt (50.10)

∆Short-term debt 1.90

ACTIVIDADES DE FINANCIACIÓN……………………………………………………………….. (55.60)

material. Realmente las adquisiciones del añ o han sido 6

REASE) IN CASH 141.00

 PROFIT AND LOSS STATEMENT
2019

Revenues 1,736.90
COGS (includes D&A) (1,404.50)

Total Gross profit 332.40

SG&A expenses (179.50)

Total operating profit (EBIT) 152.90

Financial income 0.70

Interest expense (6.80)

Total financial result (6.10)

Total EBT 146.80

Income tax (33.50)

PROFIT / (LOSS) FOR THE PERIOD 113.30

*Notes: The company paid a dividend of 11,90million during 2019