EXHIBIT 99.1

TXI Reports Fourth Quarter and Year-End Results

DALLAS, July 10, 2013 (GLOBE NEWSWIRE) -- Texas Industries, Inc. (NYSE:TXI) today reported financial results for the quarter and year ended May 31, 2013. Net income for the quarter was $44.1 million or $1.52 per share. Net income included income net of tax from discontinued operations of $28.5 million or $.98 per share. Net income from discontinued operations included a pre-tax gain on the disposition of expanded shale and clay operations of $41.1 million. Net income for the quarter ended May 31, 2012 was $60.2 million or $2.15 per share and included pre-tax gains of $60.1 million from asset sales and a joint venture agreement. Prior net income also included income net of tax from discontinued operations of $3.1 million or $.11 per share.

Net income for the year ended May 31, 2013 was $24.6 million or $.86 per share and included a pre-tax gain on the disposition of discontinued operations of $41.1 million. Net income included income net of tax from discontinued operations of $35.0 million or $1.23 per share. Net income for the year ended May 31, 2012 was $7.5 million or $.27 per share and included pre-tax gains of $62.2 million from asset sales, asset exchanges and a joint venture agreement. Prior net income also included income net of tax from discontinued operations of $5.5 million or $.20 per share. 

General Comments

"The fourth quarter certainly benefited from the continuing recovery of construction activity in our major markets," stated Mel Brekhus, Chief Executive Officer. "Shipments of all products reflect double digit percentage increases compared to a year ago."

"We also achieved two strategic milestones during the quarter," added Brekhus. "The commissioning of our 1.4 million ton cement kiln at our central Texas plant was finished late in the quarter and we completed the acquisition of 42 ready-mix plants in east Texas. Both events significantly improve our ability to take advantage of the strong recovery under way in Texas."

A teleconference will be held July 11, 2013 at 10:00 Central Daylight Time to further discuss quarter and annual 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.

Three months ended May 31, 2013

Cement operating profit for the three-month period ended May 31, 2013 was $19.7 million. Cement operating profit for the three-month period ended May 31, 2012 was $21.7 million. Cement operating profit decreased $2.0 million from the prior fiscal period. 

Total segment sales for the three-month period ended May 31, 2013 increased $25.3 million from the prior fiscal period on higher shipments and prices. Cement sales increased $27.4 million. Our Texas market area accounted for approximately 72% of cement sales in the current period compared to 70% of cement sales in the prior year period. Cement shipments increased 34% in our Texas market area and increased 29% in our California market area compared to the prior fiscal period. Average prices increased 5% in our Texas market area and remained comparable in our California market area from the prior fiscal period.

Cost of products sold for three-month period ended May 31, 2013 increased $23.6 million from the prior fiscal period.  The increase was due to higher shipments and costs. Cement unit costs increased 14% from the prior fiscal period primarily due to higher energy costs, higher supplies, unscheduled maintenance expense, and depreciation expense related to our new kiln placed in service during the quarter.

Selling, general and administrative expense for the three-month period ended May 31, 2013 decreased $1.0 million from the prior fiscal period. The decrease was primarily due to lower incentive compensation expense.

Other income for the three-month period ended May 31, 2013 decreased $4.7 million from the prior fiscal period. The decrease was primarily due to $3.9 million higher gains from routine sales of surplus operating assets in 2012.

Fiscal Year 2013 Compared to Fiscal Year 2012

Cement operating profit for fiscal year 2013 was $44.1 million, an increase of $23.6 million from prior fiscal year.

Total segment sales for fiscal year 2013 were $381.5 million compared to $315.3 million for the prior fiscal year. Cement sales increased $66.2 million from the prior fiscal year on higher shipments. Our Texas market area accounted for approximately 70% of cement sales in the current fiscal year and 68% in the prior fiscal year. Cement shipments increased 23% in our Texas market area and 22% in our California market area from the prior fiscal year. Average prices increased 4% in our Texas market area and decreased 3% in our California market area from the prior fiscal year.

Cost of products sold for fiscal year 2013 increased $41.3 million from the prior fiscal year; primarily due to higher shipments. Cement unit costs decreased 4% from the prior fiscal year due to higher cement production volumes.

Selling, general and administrative expense for fiscal year 2013 decreased $3.4 million from the prior fiscal year. The decrease was primarily due to $3.1 million in lower compensation and benefit expenses.

Restructuring charges of $1.1 million were recorded in fiscal year 2012. These charges consist primarily of severance and benefit costs associated with various workforce reduction initiatives.

Other income for fiscal year 2013 decreased $5.8 million from the prior fiscal year. The decrease was primarily due to $3.0 million in higher gains from routine sales of surplus operating assets in 2012 and $2.5 million in higher gains from sales of emissions credits associated with our Crestmore cement plant in 2012.

Three months ended May 31, 2013

Aggregate operating profit for the three-month period ended May 31, 2013 was $4.8 million, a decrease of $18.1 million from the prior fiscal period. Operating profit for the three-month period ended May 31, 2012 included a gain of $20.8 million from the sale of our aggregate rail distribution terminal and associated assets located in Stafford, Texas.

Total segment sales for the three-month period ended May 31, 2013 were $43.6 million compared to $35.6 million for the prior fiscal period. Stone, sand and gravel sales increased $6.6 million from the prior fiscal period. Stone, sand and gravel sales from operations increased from the prior year on 15% higher shipments and 9% higher average prices. 

Cost of products sold for the three-month period ended May 31, 2013 increased $6.9 million from the prior fiscal period. Cost of products sold from operations increased on higher supplies, repair and maintenance, labor and stripping costs. Stone, sand and gravel unit costs increased 10%.

Selling, general and administrative expense for the three-month period ended May 31, 2013 decreased $0.6 million from prior year primarily due to $0.4 million lower incentive compensation expense and $0.2 million lower rent expense.

Other income for the three-month period ended May 31, 2013 decreased $19.8 million from the prior fiscal period. Other income in the three-month period ended May 31, 2012 included a gain of $20.8 million from the sale of our aggregate rail distribution terminal and associated assets located in Stafford, Texas. 

Fiscal Year 2013 Compared to Fiscal Year 2012

Aggregate operating profit for fiscal year 2013 was $14.4 million, a decrease of $11.0 million from the prior fiscal year. Operating profit for fiscal year 2012 included a gain of $20.8 million from the sale of our aggregate rail distribution terminal and associated assets located in Stafford, Texas. Excluding these gains, operating profit increased $9.8 million from the prior fiscal year.

Total segment sales for fiscal year 2013 were $155.6 million compared to $117.4 million for the prior fiscal year. Stone, sand and gravel sales from current operations increased $38.2 million from the prior fiscal year on 25% higher shipments and 3% higher average prices.

Cost of products sold for fiscal year 2013 increased $31.0 million from the prior fiscal year. Cost of products sold from current operations increased primarily due to higher stone, sand and gravel shipments and higher freight costs. Stone, sand and gravel unit costs decreased 3% from the prior year period due to increased production volumes.

Selling, general and administrative expense for fiscal year 2013 decreased $2.3 million from the prior fiscal year. The decrease was primarily due to $1.3 lower controllable expenses, $0.6 million in lower bad debt expense and $0.3 million in lower incentive compensation expense.

Restructuring charges of $0.4 million were recorded in fiscal year 2012. These charges consist primarily of severance and benefit costs associated with various workforce reduction initiatives.

Other income for fiscal year 2013 decreased $20.8 million. Other income in 2012 included a gain of $20.8 million from the sale of our aggregate rail distribution terminal and associated assets located in Stafford, Texas.

Three months ended May 31, 2013

Consumer products operating loss for the three-month period ended May 31, 2013 was $1.4 million. Consumer products operating profit for the three-month period ended May 31, 2012 was $35.2 million. The operating profit in the prior period included a gain of $30.9 million from the sale of our Texas-based package products operations and a gain of $8.9 million from a joint venture transaction in which we contributed certain of our ready-mix operating assets. Consumer products operating loss decreased $3.2 million from the prior fiscal period excluding these gains.

Total segment sales for the three-month period ended May 31, 2013 were $82.1 million compared to $52.7 million from the prior fiscal period. Ready-mix concrete sales increased $37.9 million from the prior fiscal period on higher shipments and higher average prices. Approximately one-half the increase in shipments is attributable to the acquisition of 42 ready-mix plants during the quarter. 

Cost of products sold for the three-month period ended May 31, 2013 increased $27.6 million from the prior fiscal period. Cost of products sold increased primarily due to higher shipments and unit costs. Ready-mix concrete unit costs increased 3% from the prior fiscal period due to higher material, supplies, and higher repair and maintenance costs.

Selling, general and administrative expense for the three-month period ended May 31, 2013 increased $0.8 million from the prior fiscal period. The increase was primarily due to costs associated with the ready-mix acquisition during the quarter. 

Other income for the three-month period ended May 31, 2013 decreased $37.7 million from the prior year period. Other income in 2012 included a gain of $30.9 million from the sale of our Texas-based package products operations and a gain of $8.9 million from a joint venture transaction in which we contributed certain of our ready-mix operating assets.

Fiscal Year 2013 Compared to Fiscal Year 2012

Consumer products operating loss for fiscal year 2013 was ($10.1) million. Consumer products operating profit for fiscal year 2012 was $25.0 million. Consumer products operating profit for fiscal year 2012 included a gain from the sale of our Texas-based package products operations of $30.9 million and gains from exchanges of operating assets of $10.5 million. Consumer products operating results improved $6.3 million from the prior fiscal year excluding the 2012 related gains.

Total segment sales were $231.7 million for both fiscal years 2013 and 2012, as an increase of $48.9 million in ready-mix concrete sales were offset by the loss of sales from the Texas-based package products operations that were sold in May, 2012.

Cost of products sold for fiscal year 2013 decreased $1.6 million from the prior fiscal year as an increase in cost of sales attributable to higher shipments and unit costs were offset by the effect of the disposition of the Texas-based package products operations.

Selling, general and administrative expense for fiscal year 2013 decreased $0.1 million from the prior fiscal year.

Restructuring charges of $0.5 million were recorded in fiscal year 2012. These charges consist primarily of severance and benefit costs associated with various workforce reduction initiatives.

Other income for fiscal year 2013 decreased $37.4 million from the prior fiscal year. Other income in 2012 included a gain of $30.9 million from the sale of our Texas-based package products operations. In addition, we entered into ready-mix and aggregate asset exchange transactions and a joint venture agreement that resulted in the recognition of gains of $10.5 million in 2012.

Three months ended May 31, 2013

Corporate general and administrative expenses for the three-month period ended May 31, 2013 $4.8 million from the prior fiscal period. The decrease is primarily due to a decrease in our financial security plan post-retirement benefit expense of $4.6 million.

Fiscal Year 2013 Compared to Fiscal Year 2012

Corporate other income for fiscal year 2013 decreased $0.2 million from the prior fiscal year.

Corporate general and administrative expense for fiscal year 2013 increased $5.0 million from the prior fiscal year. In addition to $4.1 million increase in controllable expenses, the impact of changes in our stock price on the fair value of our awards expected to be settled in cash increased $7.3 million over the prior year. These increases were slightly offset by $4.6 million decrease in our financial security plan post-retirement benefit expense and $1.3 million decrease in incentive compensation expense.

Restructuring charges of $1.2 million were recorded in fiscal year 2012. These charges consist primarily of severance and benefit costs associated with various workforce reduction initiatives.

Interest

Interest expense incurred for the three-month period ended May 31, 2013 was $17.4 million, of which $7.1 million was capitalized in connection with our Hunter, Texas cement plant expansion project and $10.3 million was expensed. Interest expense incurred for the three-month period ended May 31, 2012 was $17.1 million, of which $9.1 million was capitalized in connection with our Hunter, Texas cement plant expansion project and $8.0 million was expensed.

Interest expense incurred for fiscal year 2013 was $69.3 million, of which $36.5 million was capitalized in connection with Hunter, Texas cement plant expansion project and $32.8 million was expensed. Interest expense incurred for fiscal year 2012 was $68.5 million, of which $33.7 million was capitalized in connection with our Hunter, Texas cement plant expansion project and $34.8 million was expensed.

Interest expense incurred for the three-month period ended May 31, 2013 increased $0.3 million from the prior year period primarily due to the discontinuance of the capitalizing of interest related to the Hunter, Texas expansion project. Interest expense incurred for fiscal year 2013 increased $0.8 million from the prior fiscal year. The increase was primarily the result of discontinuance of capitalizing interest related to the Hunter, Texas expansion project.

Certain statements contained in this quarterly report are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact are forward-looking statements. Forward-looking statements may include the words "may," "will," "estimate," "intend," "continue," "believe," "expect," "plan," "anticipate," and other similar words. 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 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, 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.

CONTACT: T. Lesley Vines, Jr.
         Corporate Controller & Treasurer
         Direct 972.647.6722 E-mail 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	Q2	Q3	Q4	Total
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	1,034	933	1,299	4,385
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	3,808	3,029	4,042	14,793
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	643	541	968	2,801
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	$77.75		$78.07	$79.82	$78.39	$79.27	$78.90
Aggregates ($ 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	$7.23		$7.19	$7.28	$7.27	$7.95	$7.44
Ready-mix ($ 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	$76.06		$80.08	$82.08	$82.49	$84.83	$82.62
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	82,584	73,086	102,975	345,958
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	27,739	22,021	32,128	110,039
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	52,776	44,582	82,082	231,358
Other	104,847	118,555	119,798	132,606	121,321	101,526		15,605	14,228	11,649	17,388	58,870		15,845	14,394	12,732	10,101	53,072		2,867	2,685	2,272	2,971	10,795
Interplant	(105,576)	(121,127)	(118,406)	(130,461)	(103,030)	(69,779)		(19,928)	(17,113)	(13,547)	(19,302)	(69,890)		(19,348)	(18,033)	(16,071)	(16,821)	(70,273)		(15,708)	(16,827)	(14,663)	(24,560)	(71,758)
Delivery Fees	73,809	80,166	78,850	84,802	77,397	59,406		16,158	13,581	11,035	15,896	56,670		16,726	15,246	13,093	19,813	64,878		19,982	18,736	14,061	17,910	70,689
Net Sales	834,803	943,922	996,250	1,028,854	839,202	621,064		158,224	138,316	115,718	159,648	571,906		167,629	146,173	121,894	158,409	594,105		174,523	167,693	141,359	213,506	697,081
Costs and Expenses (Income)
Cost of products sold	692,414	766,941	754,088	834,333	726,133	562,066		145,190	128,210	126,705	156,820	556,925		157,001	144,689	123,774	135,109	560,573		159,323	155,939	129,035	185,506	629,803
Selling, general and administrative	78,434	88,663	108,106	96,220	72,093	79,415		14,924	17,452	16,387	23,286	72,049		16,729	12,780	17,265	21,589	68,363		17,556	17,067	17,056	15,978	67,657
Restructuring charges and goodwill impairment	-	-	-	-	58,395	-		-	-	-	-	-		-	3,153	-	-	3,153		-	-	-	-	-
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		7,778	7,457	7,227	10,345	32,807
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)		(4,886)	(1,924)	(1,124)	(12,987)	(20,921)		(5,869)	(1,522)	(1,334)	(64,381)	(73,106)		(2,599)	(1,924)	(2,091)	(2,312)	(8,926)
	772,548	952,736	839,687	901,495	869,623	683,055		198,645	158,237	151,638	176,735	685,255		177,321	167,938	148,217	100,342	593,818		182,058	178,539	151,227	209,517	721,341
Income (Loss) from Continuing Operations
before Income Taxes	62,255	(8,814)	156,563	127,359	(30,421)	(61,991)		(40,421)	(19,921)	(35,920)	(17,087)	(113,349)		(9,692)	(21,765)	(26,323)	58,067	287		(7,535)	(10,846)	(9,868)	3,989	(24,260)
Income Taxes (Benefits)	16,811	(8,225)	51,852	39,728	(12,774)	(23,138)		(15,538)	(8,160)	(14,548)	(5,631)	(43,877)		(310)	(1,143)	(1,148)	960	(1,641)		(139)	(657)	(1,355)	(11,615)	(13,766)
Income (Loss) from Continuing Operations	45,444	(589)	104,711	87,631	(17,647)	(38,853)		(24,883)	(11,761)	(21,372)	(11,456)	(69,472)		(9,382)	(20,622)	(25,175)	57,107	1,928		(7,396)	(10,189)	(8,513)	15,604	(10,494)
Income from Discontinued Operations
net of Income Taxes	79,079	8,691	-	-	-	-		1,191	560	438	2,370	4,559		1,962	(415)	895	3,106	5,548		4,738	(933)	2,699	28,540	35,044
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		(2,659)	(11,122)	(5,814)	44,144	24,550
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		(2,659)	(11,122)	(5,814)	44,144	24,550

 

*NOTE: Prior Years shown as comparative to FY13 have

been adjusted for Discontinued Operations.

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	11/30/2012	2/28/2013	5/31/2013
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	71,782	31,664	61,296
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	107,760	98,458	126,922
Inventories	83,291	109,767	135,254	144,654	155,724	142,419		118,134	121,109	112,360	111,079			110,537	99,038	100,858	99,441			89,493	85,530	100,282	105,054
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	16,672	20,282	27,294
Discontinued Operations Held for Sale								43,075	44,176	42,965	41,162			40,406	40,096	40,124	40344			38,833	39,360	38,769	-
Total Current Assets	481,008	410,960	310,623	373,067	326,991	352,975		453,526	425,060	371,460	376,530			327,161	309,503	268,132	345,655			320,191	321,104	289,455	320,566
Property, plant and equipment	886,447	956,896	1,293,360	1,546,125	1,791,546	1,758,778		1,709,779	1,725,204	1,738,344	1,748,041			1,781,055	1,803,149	1,815,060	1,796,731			1,819,995	1,838,019	1,859,417	1,887,850
Less depreciation and depletion	473,794	486,585	509,138	518,361	572,195	604,269		581,876	597,086	609,146	604,215			611,454	623,280	630,750	611,406			622,619	633,973	647,281	661,454
Net Property, Plant and Equipment	412,653	470,311	784,222	1,027,764	1,219,351	1,154,509		1,127,903	1,128,118	1,129,198	1,143,826			1,169,601	1,179,869	1,184,310	1,185,325			1,197,376	1,204,046	1,212,136	1,226,396
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	1,715	1,715	40,575
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	23,168	23,024	29,471
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	23,234	22,141	18,817
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	48,117	46,880	88,863
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	1,573,267	1,548,471	1,635,825
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	64,520	57,000	69,061
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	67,712	48,134	62,336
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	1,432	1,816	1,872
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	133,664	106,950	133,269
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	657,269	658,392	657,935
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	95,995	88,088	91,157
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	686,339	695,041	753,464
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	1,573,267	1,548,471	1,635,825

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	Q2	Q3	Q4	Total
Operating Activities
Income (Loss) from 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		(2,658)	(11,122)	(5,814)	44,144	24,550
Adjustments to reconcile income (loss) from
operations to cash provided by
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	14,327	14,425	16,897	59,865
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)	(376)	(1,943)	(59,603)	(64,425)
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)	960	68	2,398	3,423
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	2,739	1,510	2,498	9,513
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)	(5,441)	914	590	(6,965)
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)	5,525	9,318	(27,968)	(27,138)
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	3,121	(14,677)	22,143	21,433
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	588	(3,845)	1,920	(238)
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)	12,565	(15,161)	20,510	13,282
Other credits	3,838	2,527	-	-	-	-		-	-	-		-		-	-	-	-	-		-	-	-	-	-
Cash Provided by 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		2,090	22,886	(15,205)	23,529	33,300
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)	(14,353)	(32,133)	(13,725)	(92,821)
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	380	1,825	12,698	18,481
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	2,220	-	101	2,467
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)	(27)	19	(35)	(102)
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)	(11,780)	(30,289)	(961)	(71,975)
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)	(557)	(651)	(448)	(2,684)
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	364	6,027	7,512	14,628
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)	(193)	5,376	7,064	11,944
Net Cash Provided (Used) by  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)		(27,158)	10,913	(40,118)	29,632	(26,731)
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)		(27,158)	10,913	(40,118)	29,632	(26,731)
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	116,432		88,027	60,869	71,779	31,664	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	88,027		60,869	71,779	31,664	61,299	61,296