10-Q Filing

SUMMIT MATERIALS, LLC CIK: 1571371 Q1 2014

Filing Information

Form Type	10-Q
Accession Number	`0001193125-14-196755`
Period End Date	20140331
Filing Date	20140513
Fiscal Year	2014
Fiscal Period	Q1
XBRL Instance	ck0001571371-20140329.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 66 Income Statement 39 Cash Flow Statement 64 Stockholders Equity 10 Comprehensive Income 14

Balance Sheet 66 line items

Line Item	Tag	Value	Unit	Period
Property, plant and equipment, accumulated depreciation, depletion and amortization	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$212.38M	USD	Point-in-time
Property, plant and equipment, accumulated depreciation, depletion and amortization	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$228.48M	USD	Point-in-time
Intangible assets, accumulated amortization	`FiniteLivedIntangibleAssetsAccumulatedAmortization`	$2.19M	USD	Point-in-time
Intangible assets, accumulated amortization	`FiniteLivedIntangibleAssetsAccumulatedAmortization`	$2.34M	USD	Point-in-time
Cash	`Cash`	$69.97M	USD	Point-in-time
Cash	`Cash`	$34.13M	USD	Point-in-time
Cash	`Cash`	$14.92M	USD	Point-in-time
Cash	`Cash`	$27.43M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$95.75M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$99.34M	USD	Point-in-time
Costs and estimated earnings in excess of billings	`CostsInExcessOfBillingsOnUncompletedContractsOrProgramsExpectedToBeCollectedWithinOneYear`	$10.77M	USD	Point-in-time
Costs and estimated earnings in excess of billings	`CostsInExcessOfBillingsOnUncompletedContractsOrProgramsExpectedToBeCollectedWithinOneYear`	$12.37M	USD	Point-in-time
Inventories	`InventoryNet`	$113.25M	USD	Point-in-time
Inventories	`InventoryNet`	$96.43M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$11.19M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$13.18M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$266.69M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$234.63M	USD	Point-in-time
Property, plant and equipment, less accumulated depreciation, depletion and amortization (March 29, 2014 - $228,481 and December 28, 2013 - $212,382)	`PropertyPlantAndEquipmentNet`	$891.21M	USD	Point-in-time
Property, plant and equipment, less accumulated depreciation, depletion and amortization (March 29, 2014 - $228,481 and December 28, 2013 - $212,382)	`PropertyPlantAndEquipmentNet`	$831.78M	USD	Point-in-time
Goodwill	`Goodwill`	$127.04M	USD	Point-in-time
Goodwill	`Goodwill`	$271.95M	USD	Point-in-time
Intangible assets, less accumulated amortization (March 29, 2014 - $2,341 and December 28, 2013 - $2,192)	`FiniteLivedIntangibleAssetsNet`	$15.17M	USD	Point-in-time
Intangible assets, less accumulated amortization (March 29, 2014 - $2,341 and December 28, 2013 - $2,192)	`FiniteLivedIntangibleAssetsNet`	$15.15M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$45.90M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$39.20M	USD	Point-in-time
Total assets	`Assets`	$1.25B	USD	Point-in-time
Total assets	`Assets`	$1.49B	USD	Point-in-time
Current portion of debt	`LongTermDebtCurrent`	$4.22M	USD	Point-in-time
Current portion of debt	`LongTermDebtCurrent`	$30.22M	USD	Point-in-time
Current portion of acquisition-related liabilities	`AcquisitionRelatedLiabilitiesCurrent`	$10.63M	USD	Point-in-time
Current portion of acquisition-related liabilities	`AcquisitionRelatedLiabilitiesCurrent`	$14.43M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$67.10M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$72.10M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$57.25M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$61.38M	USD	Point-in-time
Billings in excess of costs and estimated earnings	`BillingsInExcessOfCostCurrent`	$9.26M	USD	Point-in-time
Billings in excess of costs and estimated earnings	`BillingsInExcessOfCostCurrent`	$6.54M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$153.66M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$179.47M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$658.77M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$939.98M	USD	Point-in-time
Acquisition-related liabilities	`AcquisitionRelatedLiabilitiesNonCurrent`	$23.76M	USD	Point-in-time
Acquisition-related liabilities	`AcquisitionRelatedLiabilitiesNonCurrent`	$42.03M	USD	Point-in-time
Other noncurrent liabilities	`OtherLiabilitiesNoncurrent`	$74.26M	USD	Point-in-time
Other noncurrent liabilities	`OtherLiabilitiesNoncurrent`	$77.48M	USD	Point-in-time
Total liabilities	`Liabilities`	$939.48M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.21B	USD	Point-in-time
Commitments and contingencies (see note 9)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (see note 9)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Redeemable noncontrolling interest	`TemporaryEquityCarryingAmountAttributableToNoncontrollingInterest`	$25.14M	USD	Point-in-time
Redeemable noncontrolling interest	`TemporaryEquityCarryingAmountAttributableToNoncontrollingInterest`	$24.77M	USD	Point-in-time
Member's equity	`MembersEquity`	$511.81M	USD	Point-in-time
Member's equity	`MembersEquity`	$486.90M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-251.63M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-198.51M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-6.04M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-5.47M	USD	Point-in-time
Member's interest	`PartnersCapital`	$254.71M	USD	Point-in-time
Member's interest	`PartnersCapital`	$282.34M	USD	Point-in-time
Noncontrolling interest	`MembersEquityAttributableToNoncontrollingInterest`	$1.21M	USD	Point-in-time
Noncontrolling interest	`MembersEquityAttributableToNoncontrollingInterest`	$1.14M	USD	Point-in-time
Total member's interest	`LimitedLiabilityCompanyLlcMembersEquityIncludingPortionAttributableToNoncontrollingInterest`	$255.85M	USD	Point-in-time
Total member's interest	`LimitedLiabilityCompanyLlcMembersEquityIncludingPortionAttributableToNoncontrollingInterest`	$283.55M	USD	Point-in-time
Total liabilities, redeemable noncontrolling interest and member's interest	`LiabilitiesAndStockholdersEquity`	$1.49B	USD	Point-in-time
Total liabilities, redeemable noncontrolling interest and member's interest	`LiabilitiesAndStockholdersEquity`	$1.25B	USD	Point-in-time

Income Statement 39 line items

Line Item	Tag	Value	Unit	Period
Product	`SalesRevenueGoodsNet`	$103.96M	USD	1 Quarter
Product	`SalesRevenueGoodsNet`	$68.14M	USD	1 Quarter
Service	`SalesRevenueServicesNet`	$47.13M	USD	1 Quarter
Service	`SalesRevenueServicesNet`	$38.69M	USD	1 Quarter
Total revenue	`SalesRevenueNet`	$151.09M	USD	1 Quarter
Total revenue	`SalesRevenueNet`	$106.83M	USD	1 Quarter
Product	`CostOfGoodsSold`	$65.97M	USD	1 Quarter
Product	`CostOfGoodsSold`	$89.02M	USD	1 Quarter
Service	`CostOfServices`	$30.10M	USD	1 Quarter
Service	`CostOfServices`	$39.66M	USD	1 Quarter
Total cost of revenue	`CostOfGoodsAndServicesSold`	$128.68M	USD	1 Quarter
Total cost of revenue	`CostOfGoodsAndServicesSold`	$96.07M	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$34.00M	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$35.49M	USD	1 Quarter
Depreciation, depletion, amortization and accretion	`DepreciationDepletionAmortizationAndAccretion`	$17.13M	USD	1 Quarter
Depreciation, depletion, amortization and accretion	`DepreciationDepletionAmortizationAndAccretion`	$19.36M	USD	1 Quarter
Transaction costs	`BusinessCombinationAcquisitionRelatedCosts`	$2.59M	USD	1 Quarter
Transaction costs	`BusinessCombinationAcquisitionRelatedCosts`	$1.48M	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-41.86M	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-35.02M	USD	1 Quarter
Other (income) expense, net	`OtherNonoperatingIncomeExpense`	$-433.00K	USD	1 Quarter
Other (income) expense, net	`OtherNonoperatingIncomeExpense`	$194.00K	USD	1 Quarter
Loss on debt financings	`GainLossOnDebtFinancing`	$-3.12M	USD	1 Quarter
Interest expense	`InterestExpense`	$13.37M	USD	1 Quarter
Interest expense	`InterestExpense`	$18.82M	USD	1 Quarter
Loss from continuing operations before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-53.64M	USD	1 Quarter
Loss from continuing operations before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-58.77M	USD	1 Quarter
Income tax benefit	`IncomeTaxExpenseBenefit`	$-2.62M	USD	1 Quarter
Income tax benefit	`IncomeTaxExpenseBenefit`	$-596.00K	USD	1 Quarter
Loss from continuing operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$-53.05M	USD	1 Quarter
Loss from continuing operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$-56.15M	USD	1 Quarter
Loss from discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$-123.00K	USD	1 Quarter
Loss from discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$-20.00K	USD	1 Quarter
Net loss	`ProfitLoss`	$-56.28M	USD	1 Quarter
Net loss	`ProfitLoss`	$-53.07M	USD	1 Quarter
Net loss attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-2.52M	USD	1 Quarter
Net loss attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-3.46M	USD	1 Quarter
Net loss attributable to member of Summit Materials, LLC	`NetIncomeLoss`	$-50.55M	USD	1 Quarter
Net loss attributable to member of Summit Materials, LLC	`NetIncomeLoss`	$-52.82M	USD	1 Quarter

Cash Flow Statement 64 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-56.28M	USD	1 Quarter
Net loss	`ProfitLoss`	$-53.07M	USD	1 Quarter
Depreciation, depletion, amortization and accretion	`DepreciationDepletionAmortizationAndAccretionOnAssetRetirementObligation`	$17.74M	USD	1 Quarter
Depreciation, depletion, amortization and accretion	`DepreciationDepletionAmortizationAndAccretionOnAssetRetirementObligation`	$20.48M	USD	1 Quarter
Financing fee amortization	`AmortizationOfFinancingCosts`	$796.00K	USD	1 Quarter
Financing fee amortization	`AmortizationOfFinancingCosts`	$310.00K	USD	1 Quarter
Share-based compensation expense	`ShareBasedCompensation`	$542.00K	USD	1 Quarter
Share-based compensation expense	`ShareBasedCompensation`	$566.00K	USD	1 Quarter
Deferred income tax benefit	`DeferredIncomeTaxExpenseBenefit`	$-525.00K	USD	1 Quarter
Deferred income tax benefit	`DeferredIncomeTaxExpenseBenefit`	$-515.00K	USD	1 Quarter
Net (gain) loss on asset disposals	`GainLossOnDispositionOfAssets1`	$-870.00K	USD	1 Quarter
Net (gain) loss on asset disposals	`GainLossOnDispositionOfAssets1`	$48.00K	USD	1 Quarter
Loss on debt financings	`NonCashLossOnDebtRefinancing`	$2.99M	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$-687.00K	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$-558.00K	USD	1 Quarter
Account receivable	`IncreaseDecreaseInAccountsReceivable`	$-16.99M	USD	1 Quarter
Account receivable	`IncreaseDecreaseInAccountsReceivable`	$-32.56M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$10.50M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$13.38M	USD	1 Quarter
Costs and estimated earnings in excess of billings	`IncreaseDecreaseInCostsAndEstimatedEarningsInExcessOfBillingsOnUncompletedContracts`	$839.00K	USD	1 Quarter
Costs and estimated earnings in excess of billings	`IncreaseDecreaseInCostsAndEstimatedEarningsInExcessOfBillingsOnUncompletedContracts`	$-145.00K	USD	1 Quarter
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$2.11M	USD	1 Quarter
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$-9.00K	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$-3.20M	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$-626.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-10.24M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-16.69M	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-9.62M	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-14.33M	USD	1 Quarter
Billings in excess of costs and estimated earnings	`IncreaseDecreaseInBillingInExcessOfCostOfEarnings`	$-1.31M	USD	1 Quarter
Billings in excess of costs and estimated earnings	`IncreaseDecreaseInBillingInExcessOfCostOfEarnings`	$-2.73M	USD	1 Quarter
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-2.04M	USD	1 Quarter
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-1.12M	USD	1 Quarter
Net cash used for operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-50.38M	USD	1 Quarter
Net cash used for operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-45.90M	USD	1 Quarter
Acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$182.51M	USD	1 Quarter
Purchases of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$16.41M	USD	1 Quarter
Purchases of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$19.94M	USD	1 Quarter
Proceeds from the sale of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$2.20M	USD	1 Quarter
Proceeds from the sale of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$5.86M	USD	1 Quarter
Other	`PaymentsForProceedsFromOtherInvestingActivities`	$-7.00K	USD	1 Quarter
Net cash used for investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-10.55M	USD	1 Quarter
Net cash used for investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-200.25M	USD	1 Quarter
Proceeds from investment by member	`ProceedsFromPartnershipContribution`	$24.35M	USD	1 Quarter
Proceeds from debt issuances	`ProceedsFromDebtNetOfIssuanceCosts`	$154.18M	USD	1 Quarter
Proceeds from debt issuances	`ProceedsFromDebtNetOfIssuanceCosts`	$306.75M	USD	1 Quarter
Payments on long-term debt	`RepaymentsOfLongTermDebt`	$54.31M	USD	1 Quarter
Payments on long-term debt	`RepaymentsOfLongTermDebt`	$51.39M	USD	1 Quarter
Payments on acquisition-related liabilities	`PaymentsOfMergerRelatedCostsFinancingActivities`	$638.00K	USD	1 Quarter
Payments on acquisition-related liabilities	`PaymentsOfMergerRelatedCostsFinancingActivities`	$1.58M	USD	1 Quarter
Financing costs	`PaymentsOfFinancingCosts`	$2.22M	USD	1 Quarter
Financing costs	`PaymentsOfFinancingCosts`	$6.31M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$98.98M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$269.84M	USD	1 Quarter
Net increase in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$42.54M	USD	1 Quarter
Net increase in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$19.22M	USD	1 Quarter
Cash - beginning of period	`Cash`	$69.97M	USD	Point-in-time
Cash - beginning of period	`Cash`	$34.13M	USD	Point-in-time
Cash - beginning of period	`Cash`	$14.92M	USD	Point-in-time
Cash - beginning of period	`Cash`	$27.43M	USD	Point-in-time
Cash - end of period	`Cash`	$69.97M	USD	Point-in-time
Cash - end of period	`Cash`	$34.13M	USD	Point-in-time
Cash - end of period	`Cash`	$14.92M	USD	Point-in-time
Cash - end of period	`Cash`	$27.43M	USD	Point-in-time

Stockholders Equity 10 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance	`LimitedLiabilityCompanyLlcMembersEquityIncludingPortionAttributableToNoncontrollingInterest`	$255.85M	USD	Point-in-time
Beginning Balance	`LimitedLiabilityCompanyLlcMembersEquityIncludingPortionAttributableToNoncontrollingInterest`	$283.55M	USD	Point-in-time
Beginning Balance	`TemporaryEquityCarryingAmountAttributableToNoncontrollingInterest`	$25.14M	USD	Point-in-time
Beginning Balance	`TemporaryEquityCarryingAmountAttributableToNoncontrollingInterest`	$24.77M	USD	Point-in-time
Net loss	`ProfitLoss`	$-56.28M	USD	1 Quarter
Net loss	`ProfitLoss`	$-53.07M	USD	1 Quarter
Ending Balance	`LimitedLiabilityCompanyLlcMembersEquityIncludingPortionAttributableToNoncontrollingInterest`	$255.85M	USD	Point-in-time
Ending Balance	`LimitedLiabilityCompanyLlcMembersEquityIncludingPortionAttributableToNoncontrollingInterest`	$283.55M	USD	Point-in-time
Ending Balance	`TemporaryEquityCarryingAmountAttributableToNoncontrollingInterest`	$25.14M	USD	Point-in-time
Ending Balance	`TemporaryEquityCarryingAmountAttributableToNoncontrollingInterest`	$24.77M	USD	Point-in-time

Comprehensive Income 14 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-56.28M	USD	1 Quarter
Net loss	`ProfitLoss`	$-53.07M	USD	1 Quarter
Postretirement curtailment adjustment	`OtherComprehensiveIncomeFinalizationOfPensionAndNonPensionPostretirementPlanValuationTax`	$1.35M	USD	1 Quarter
Postretirement curtailment adjustment	`OtherComprehensiveIncomeFinalizationOfPensionAndNonPensionPostretirementPlanValuationTax`	-	USD	1 Quarter
Postretirement liability adjustment	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	-	USD	1 Quarter
Postretirement liability adjustment	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-2.16M	USD	1 Quarter
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest`	$-818.00K	USD	1 Quarter
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest`	-	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-56.28M	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-52.25M	USD	1 Quarter
Less comprehensive loss attributable to the noncontrolling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-3.46M	USD	1 Quarter
Less comprehensive loss attributable to the noncontrolling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-2.27M	USD	1 Quarter
Comprehensive loss attributable to member of Summit Materials, LLC	`ComprehensiveIncomeNetOfTax`	$-49.98M	USD	1 Quarter
Comprehensive loss attributable to member of Summit Materials, LLC	`ComprehensiveIncomeNetOfTax`	$-52.82M	USD	1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.