10-Q Filing

CONTINENTAL CEMENT COMPANY, L.L.C. CIK: 1571274 Q2 2014

Filing Information

Form Type	10-Q
Accession Number	`0001193125-14-298131`
Period End Date	20140630
Filing Date	20140806
Fiscal Year	2014
Fiscal Period	Q2
XBRL Instance	ck0001571274-20140628.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 58 Income Statement 52 Cash Flow Statement 50 Stockholders Equity 32 Comprehensive Income 11

Balance Sheet 58 line items

Line Item	Tag	Value	Unit	Period
Cash	`Cash`	$8.00K	USD	Point-in-time
Cash	`Cash`	$599.00K	USD	Point-in-time
Cash	`Cash`	$8.00K	USD	Point-in-time
Cash	`Cash`	$9.00K	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$14.84M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$7.35M	USD	Point-in-time
Due from Summit Materials	`DueFromParentCurrent`	$2.99M	USD	Point-in-time
Inventories	`InventoryNet`	$14.57M	USD	Point-in-time
Inventories	`InventoryNet`	$10.40M	USD	Point-in-time
Accumulated depreciation and depletion	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$43.35M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$771.00K	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$482.00K	USD	Point-in-time
Accumulated depreciation and depletion	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$36.70M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$21.24M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$30.19M	USD	Point-in-time
Property, plant and equipment, less accumulated depreciation and depletion (June 28, 2014 - $43,353 and December 28, 2013 - $36,700)	`PropertyPlantAndEquipmentNet`	$306.20M	USD	Point-in-time
Property, plant and equipment, less accumulated depreciation and depletion (June 28, 2014 - $43,353 and December 28, 2013 - $36,700)	`PropertyPlantAndEquipmentNet`	$309.67M	USD	Point-in-time
Goodwill	`Goodwill`	$24.10M	USD	Point-in-time
Goodwill	`Goodwill`	$24.10M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$13.05M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$12.58M	USD	Point-in-time
Total assets	`Assets`	$377.00M	USD	Point-in-time
Total assets	`Assets`	$364.11M	USD	Point-in-time
Current portion of long-term debt due to Summit Materials	`LongTermDebtCurrent`	$1.02M	USD	Point-in-time
Current portion of long-term debt due to Summit Materials	`LongTermDebtCurrent`	$1.02M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$10.16M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$8.59M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$10.00M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$8.47M	USD	Point-in-time
Due to Summit Materials	`DueToParentCurrent`	$20.37M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$21.18M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$38.44M	USD	Point-in-time
Long-term debt due to Summit Materials	`LongTermDebtNoncurrent`	$154.08M	USD	Point-in-time
Long-term debt due to Summit Materials	`LongTermDebtNoncurrent`	$154.59M	USD	Point-in-time
Pension and post-retirement benefit obligations	`PensionAndOtherPostretirementAndPostemploymentBenefitPlansLiabilitiesNoncurrent`	$19.46M	USD	Point-in-time
Pension and post-retirement benefit obligations	`PensionAndOtherPostretirementAndPostemploymentBenefitPlansLiabilitiesNoncurrent`	$16.67M	USD	Point-in-time
Other noncurrent liabilities	`OtherLiabilitiesNoncurrent`	$850.00K	USD	Point-in-time
Other noncurrent liabilities	`OtherLiabilitiesNoncurrent`	$904.00K	USD	Point-in-time
Total liabilities	`Liabilities`	$210.09M	USD	Point-in-time
Total liabilities	`Liabilities`	$196.08M	USD	Point-in-time
Commitments and contingencies (see note 6)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (see note 6)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Redeemable members' interest (100,000,000 Class B units issued and authorized)	`TemporaryEquityCarryingAmountIncludingPortionAttributableToNoncontrollingInterests`	$23.15M	USD	Point-in-time
Redeemable members' interest (100,000,000 Class B units issued and authorized)	`TemporaryEquityCarryingAmountIncludingPortionAttributableToNoncontrollingInterests`	$23.75M	USD	Point-in-time
Redeemable members' interest (100,000,000 Class B units issued and authorized)	`TemporaryEquityCarryingAmountIncludingPortionAttributableToNoncontrollingInterests`	$22.85M	USD	Point-in-time
Redeemable members' interest (100,000,000 Class B units issued and authorized)	`TemporaryEquityCarryingAmountIncludingPortionAttributableToNoncontrollingInterests`	$23.45M	USD	Point-in-time
Member's equity (100 Class A units issued and authorized)	`MembersEquity`	$135.21M	USD	Point-in-time
Member's equity (100 Class A units issued and authorized)	`MembersEquity`	$135.18M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$14.76M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$17.03M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-6.81M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-7.62M	USD	Point-in-time
Total member's interest	`PartnersCapital`	$143.16M	USD	Point-in-time
Total member's interest	`PartnersCapital`	$130.85M	USD	Point-in-time
Total member's interest	`PartnersCapital`	$144.59M	USD	Point-in-time
Total member's interest	`PartnersCapital`	$125.62M	USD	Point-in-time
Total liabilities, redeemable members' interest and member's interest	`LiabilitiesAndStockholdersEquity`	$377.00M	USD	Point-in-time
Total liabilities, redeemable members' interest and member's interest	`LiabilitiesAndStockholdersEquity`	$364.11M	USD	Point-in-time

Income Statement 52 line items

Line Item	Tag	Value	Unit	Period
Product	`SalesRevenueGoodsNet`	$25.82M	USD	2 Qtrs
Product	`SalesRevenueGoodsNet`	$21.59M	USD	1 Quarter
Product	`SalesRevenueGoodsNet`	$17.96M	USD	1 Quarter
Product	`SalesRevenueGoodsNet`	$27.15M	USD	2 Qtrs
Service	`SalesRevenueServicesNet`	$4.34M	USD	1 Quarter
Service	`SalesRevenueServicesNet`	$4.26M	USD	1 Quarter
Service	`SalesRevenueServicesNet`	$6.79M	USD	2 Qtrs
Service	`SalesRevenueServicesNet`	$7.19M	USD	2 Qtrs
Product	`RevenueFromRelatedParties`	$6.98M	USD	2 Qtrs
Product	`RevenueFromRelatedParties`	$4.93M	USD	1 Quarter
Product	`RevenueFromRelatedParties`	$8.11M	USD	2 Qtrs
Product	`RevenueFromRelatedParties`	$5.96M	USD	1 Quarter
Total revenue	`SalesRevenueNet`	$42.45M	USD	2 Qtrs
Total revenue	`SalesRevenueNet`	$39.59M	USD	2 Qtrs
Total revenue	`SalesRevenueNet`	$31.82M	USD	1 Quarter
Total revenue	`SalesRevenueNet`	$27.22M	USD	1 Quarter
Product	`CostOfGoodsSold`	$22.96M	USD	2 Qtrs
Product	`CostOfGoodsSold`	$14.56M	USD	1 Quarter
Product	`CostOfGoodsSold`	$11.05M	USD	1 Quarter
Product	`CostOfGoodsSold`	$23.39M	USD	2 Qtrs
Service	`CostOfServices`	$4.44M	USD	2 Qtrs
Service	`CostOfServices`	$2.28M	USD	1 Quarter
Service	`CostOfServices`	$4.66M	USD	2 Qtrs
Service	`CostOfServices`	$2.16M	USD	1 Quarter
Total cost of revenue	`CostOfGoodsAndServicesSold`	$13.33M	USD	1 Quarter
Total cost of revenue	`CostOfGoodsAndServicesSold`	$16.73M	USD	1 Quarter
Total cost of revenue	`CostOfGoodsAndServicesSold`	$27.63M	USD	2 Qtrs
Total cost of revenue	`CostOfGoodsAndServicesSold`	$27.83M	USD	2 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$1.86M	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$3.87M	USD	2 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$2.05M	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$5.40M	USD	2 Qtrs
Depreciation, depletion, amortization and accretion	`DepreciationDepletionAmortizationAndAccretion`	$3.84M	USD	1 Quarter
Depreciation, depletion, amortization and accretion	`DepreciationDepletionAmortizationAndAccretion`	$5.75M	USD	2 Qtrs
Depreciation, depletion, amortization and accretion	`DepreciationDepletionAmortizationAndAccretion`	$7.04M	USD	2 Qtrs
Depreciation, depletion, amortization and accretion	`DepreciationDepletionAmortizationAndAccretion`	$2.98M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$603.00K	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$9.05M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$3.91M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$9.20M	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$6.00K	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$72.00K	USD	2 Qtrs
Other income, net	`OtherNonoperatingIncomeExpense`	$11.00K	USD	2 Qtrs
Other income, net	`OtherNonoperatingIncomeExpense`	$13.00K	USD	1 Quarter
Interest expense	`InterestCostsIncurred`	$3.03M	USD	1 Quarter
Interest expense	`InterestCostsIncurred`	$2.79M	USD	1 Quarter
Interest expense	`InterestCostsIncurred`	$5.63M	USD	2 Qtrs
Interest expense	`InterestCostsIncurred`	$5.89M	USD	2 Qtrs
Net income (loss)	`ProfitLoss`	$-4.96M	USD	2 Qtrs
Net income (loss)	`ProfitLoss`	$6.27M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$-1.97M	USD	2 Qtrs
Net income (loss)	`ProfitLoss`	$6.18M	USD	1 Quarter

Cash Flow Statement 50 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-4.96M	USD	2 Qtrs
Net loss	`ProfitLoss`	$6.27M	USD	1 Quarter
Net loss	`ProfitLoss`	$-1.97M	USD	2 Qtrs
Net loss	`ProfitLoss`	$6.18M	USD	1 Quarter
Depreciation, depletion, amortization and accretion	`DepreciationDepletionAmortizationAndAccretion`	$3.84M	USD	1 Quarter
Depreciation, depletion, amortization and accretion	`DepreciationDepletionAmortizationAndAccretion`	$5.75M	USD	2 Qtrs
Depreciation, depletion, amortization and accretion	`DepreciationDepletionAmortizationAndAccretion`	$7.04M	USD	2 Qtrs
Depreciation, depletion, amortization and accretion	`DepreciationDepletionAmortizationAndAccretion`	$2.98M	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$-887.00K	USD	2 Qtrs
Other	`OtherNoncashIncomeExpense`	$-234.00K	USD	2 Qtrs
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$3.59M	USD	2 Qtrs
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$7.70M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$4.17M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$2.56M	USD	2 Qtrs
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$-66.00K	USD	2 Qtrs
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$288.00K	USD	2 Qtrs
Other assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$-70.00K	USD	2 Qtrs
Other assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$550.00K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-158.00K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$549.00K	USD	2 Qtrs
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-2.19M	USD	2 Qtrs
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-1.89M	USD	2 Qtrs
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-1.97M	USD	2 Qtrs
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-1.03M	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-7.67M	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-10.76M	USD	2 Qtrs
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$12.17M	USD	2 Qtrs
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$15.89M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-15.89M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-12.17M	USD	2 Qtrs
Principal payments on long-term debt	`RepaymentsOfLongTermDebtAndCapitalSecurities`	$509.00K	USD	2 Qtrs
Principal payments on long-term debt	`RepaymentsOfLongTermDebtAndCapitalSecurities`	$496.00K	USD	2 Qtrs
Book overdraft	`ProceedsFromRepaymentsOfBankOverdrafts`	$128.00K	USD	2 Qtrs
Book overdraft	`ProceedsFromRepaymentsOfBankOverdrafts`	$356.00K	USD	2 Qtrs
Net borrowings from Summit Materials	`ProceedsFromRelatedPartyDebt`	$23.34M	USD	2 Qtrs
Net borrowings from Summit Materials	`ProceedsFromRelatedPartyDebt`	$23.08M	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$22.97M	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$22.93M	USD	2 Qtrs
Net decrease in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-591.00K	USD	2 Qtrs
Net decrease in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-1.00K	USD	2 Qtrs
Cash - beginning of period	`Cash`	$8.00K	USD	Point-in-time
Cash - beginning of period	`Cash`	$599.00K	USD	Point-in-time
Cash - beginning of period	`Cash`	$8.00K	USD	Point-in-time
Cash - beginning of period	`Cash`	$9.00K	USD	Point-in-time
Cash - end of period	`Cash`	$8.00K	USD	Point-in-time
Cash - end of period	`Cash`	$599.00K	USD	Point-in-time
Cash - end of period	`Cash`	$8.00K	USD	Point-in-time
Cash - end of period	`Cash`	$9.00K	USD	Point-in-time
Cash interest paid during the period	`InterestPaidNet`	$7.41M	USD	2 Qtrs
Cash interest paid during the period	`InterestPaidNet`	$5.93M	USD	2 Qtrs

Stockholders Equity 32 line items

Line Item	Tag	Value	Unit	Period
Beginning balance, Redeemable members' interest	`TemporaryEquityCarryingAmountIncludingPortionAttributableToNoncontrollingInterests`	$23.15M	USD	Point-in-time
Beginning balance, Redeemable members' interest	`TemporaryEquityCarryingAmountIncludingPortionAttributableToNoncontrollingInterests`	$23.75M	USD	Point-in-time
Beginning balance, Redeemable members' interest	`TemporaryEquityCarryingAmountIncludingPortionAttributableToNoncontrollingInterests`	$22.85M	USD	Point-in-time
Beginning balance, Redeemable members' interest	`TemporaryEquityCarryingAmountIncludingPortionAttributableToNoncontrollingInterests`	$23.45M	USD	Point-in-time
Accretion of redeemable members' interest, Redeemable members' interest	`TemporaryEquityAccretionToRedemptionValue`	$300.00K	USD	2 Qtrs
Accretion of redeemable members' interest, Redeemable members' interest	`TemporaryEquityAccretionToRedemptionValue`	$300.00K	USD	2 Qtrs
Net loss, Redeemable members' interest	`TemporaryEquityNetIncome`	-	USD	2 Qtrs
Net loss, Redeemable members' interest	`TemporaryEquityNetIncome`	-	USD	2 Qtrs
Other comprehensive income, Redeemable members' interest	`TemporaryEquityOtherComprehensiveIncomeLoss`	-	USD	2 Qtrs
Share-based compensation, Redeemable members' interest	`ShareBaseCompensationStockIssuedValueByRedeemableMemberEquity`	-	USD	2 Qtrs
Share-based compensation, Redeemable members' interest	`ShareBaseCompensationStockIssuedValueByRedeemableMemberEquity`	-	USD	2 Qtrs
Ending balance, Redeemable members' interest	`TemporaryEquityCarryingAmountIncludingPortionAttributableToNoncontrollingInterests`	$23.15M	USD	Point-in-time
Ending balance, Redeemable members' interest	`TemporaryEquityCarryingAmountIncludingPortionAttributableToNoncontrollingInterests`	$23.75M	USD	Point-in-time
Ending balance, Redeemable members' interest	`TemporaryEquityCarryingAmountIncludingPortionAttributableToNoncontrollingInterests`	$22.85M	USD	Point-in-time
Ending balance, Redeemable members' interest	`TemporaryEquityCarryingAmountIncludingPortionAttributableToNoncontrollingInterests`	$23.45M	USD	Point-in-time
Beginning balance	`PartnersCapital`	$143.16M	USD	Point-in-time
Beginning balance	`PartnersCapital`	$130.85M	USD	Point-in-time
Beginning balance	`PartnersCapital`	$144.59M	USD	Point-in-time
Beginning balance	`PartnersCapital`	$125.62M	USD	Point-in-time
Accretion of redeemable members' interest	`PartnersCapitalAccountRedemptions`	$300.00K	USD	2 Qtrs
Accretion of redeemable members' interest	`PartnersCapitalAccountRedemptions`	$300.00K	USD	2 Qtrs
Net loss	`ProfitLoss`	$-4.96M	USD	2 Qtrs
Net loss	`ProfitLoss`	$6.27M	USD	1 Quarter
Net loss	`ProfitLoss`	$-1.97M	USD	2 Qtrs
Net loss	`ProfitLoss`	$6.18M	USD	1 Quarter
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTax`	$818.00K	USD	2 Qtrs
Share-based compensation	`PartnersCapitalAccountUnitBasedCompensation`	$31.00K	USD	2 Qtrs
Share-based compensation	`PartnersCapitalAccountUnitBasedCompensation`	$31.00K	USD	2 Qtrs
Ending balance	`PartnersCapital`	$143.16M	USD	Point-in-time
Ending balance	`PartnersCapital`	$130.85M	USD	Point-in-time
Ending balance	`PartnersCapital`	$144.59M	USD	Point-in-time
Ending balance	`PartnersCapital`	$125.62M	USD	Point-in-time

Comprehensive Income 11 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`ProfitLoss`	$-4.96M	USD	2 Qtrs
Net income (loss)	`ProfitLoss`	$6.27M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$-1.97M	USD	2 Qtrs
Net income (loss)	`ProfitLoss`	$6.18M	USD	1 Quarter
Postretirement curtailment adjustment	`OtherComprehensiveIncomeLossFinalizationOfPensionAndNonPensionPostretirementPlanValuationNetOfTax`	$-1.35M	USD	2 Qtrs
Postretirement liability adjustment	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-2.16M	USD	2 Qtrs
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTax`	$818.00K	USD	2 Qtrs
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-4.96M	USD	2 Qtrs
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$6.18M	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$6.27M	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-1.16M	USD	2 Qtrs

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