Company: ACA
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0001739445-25-000026
Chunk: 2

Company: Arcosa, Inc.
Filing Date: 2025-02-28
Form: 10-K
Item: Item 8
Chunk 2
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 effectiveness of controls over the Company’s accounting for the business combination and valuation of the acquired assets. For example, we tested controls over management’s valuation of mineral reserves, including the review of the valuation method and significant underlying assumptions used to develop such estimates.Our audit procedures included, among others, evaluating the appropriateness of the valuation methodology used, evaluating the significant assumptions used in the Company’s valuation calculations and evaluating the completeness and accuracy of the underlying data supporting the significant assumptions. For example, we performed sensitivity analyses and compared significant assumptions to historical results of the acquired business and to other guideline public companies within the same industry. In addition, we involved our valuation specialists to assist with our evaluation of the methodologies and significant assumptions used in the valuation of the mineral reserves.

/s/ERNST & YOUNG LLP

We have served as the Company's auditor since 2015.

Dallas, Texas

February 28, 2025 

60

Arcosa, Inc. and Subsidiaries

Consolidated Statements of Operations Year Ended December 31, 202420232022 (in millions, except per share amounts)Revenues$2,569.9 $2,307.9 $2,242.8 Operating costs:Cost of revenues2,054.7 1,864.1 1,831.7 Selling, general, and administrative expenses320.0 261.1 262.8 Gain on disposition of property, plant, equipment, and other assets(10.3)(28.2)(11.7)(Gain) loss on sale of businesses2.1 (6.4)(189.0)Impairment charge5.8 — — 2,372.3 2,090.6 1,893.8 Total operating profit197.6 217.3 349.0 Interest expense70.9 28.1 31.0 Other, net (income) expense(3.3)(6.7)1.8 67.6 21.4 32.8 Income before income taxes130.0 195.9 316.2 Provision for income taxes:Current 11.1 4.9 25.6 Deferred25.2 31.8 44.8 36.3 36.7 70.4 Net income$93.7 $159.2 $245.8 Net income per