10-Q Filing

BUILDERS FIRSTSOURCE, INC. CIK: 1316835 Q2 2016

Filing Information

Form Type	10-Q
Accession Number	`0001564590-16-022938`
Period End Date	20160630
Filing Date	20160805
Fiscal Year	2016
Fiscal Period	Q2
XBRL Instance	bldr-20160630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 74 Income Statement 60 Cash Flow Statement 69

Balance Sheet 74 line items

Line Item	Tag	Value	Unit	Period
Allowances on trade accounts receivable	`AllowancesOnTradeAccountsReceivableCurrent`	$8.05M	USD	Point-in-time
Allowances on trade accounts receivable	`AllowancesOnTradeAccountsReceivableCurrent`	$9.68M	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$40.15M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$17.77M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$65.06M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$6.19M	USD	Point-in-time
Accounts receivable, less allowance of $9,683 and $8,049 at June 30, 2016 and December 31, 2015, respectively	`AccountsReceivableNetCurrent`	$667.90M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Accounts receivable, less allowance of $9,683 and $8,049 at June 30, 2016 and December 31, 2015, respectively	`AccountsReceivableNetCurrent`	$528.54M	USD	Point-in-time
Other receivables	`OtherReceivablesNetCurrent`	$37.58M	USD	Point-in-time
Other receivables	`OtherReceivablesNetCurrent`	$57.78M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Inventories, net	`InventoryNet`	$578.78M	USD	Point-in-time
Inventories, net	`InventoryNet`	$513.04M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	200.00M	shares	Point-in-time
Other current assets	`OtherAssetsCurrent`	$28.43M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	200.00M	shares	Point-in-time
Other current assets	`OtherAssetsCurrent`	$29.90M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	109.73M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	110.84M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$1.32B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.19B	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$734.33M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$698.97M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	110.84M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	109.73M	shares	Point-in-time
Assets held for sale	`AssetsHeldForSaleNotPartOfDisposalGroup`	$9.06M	USD	Point-in-time
Assets held for sale	`AssetsHeldForSaleNotPartOfDisposalGroup`	$5.58M	USD	Point-in-time
Goodwill	`Goodwill`	$740.41M	USD	Point-in-time
Goodwill	`Goodwill`	$739.62M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$174.91M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$189.60M	USD	Point-in-time
Other assets, net	`OtherAssetsNoncurrent`	$22.95M	USD	Point-in-time
Other assets, net	`OtherAssetsNoncurrent`	$18.57M	USD	Point-in-time
Total assets	`Assets`	$2.97B	USD	Point-in-time
Total assets	`Assets`	$2.88B	USD	Point-in-time
Checks outstanding	`ChecksOutstandingCurrent`	$39.46M	USD	Point-in-time
Checks outstanding	`ChecksOutstandingCurrent`	$46.83M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$482.63M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$365.35M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$293.90M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$246.56M	USD	Point-in-time
Current maturities of long-term debt and lease obligations	`LongTermDebtAndLeaseObligationsCurrent`	$28.54M	USD	Point-in-time
Current maturities of long-term debt and lease obligations	`LongTermDebtAndLeaseObligationsCurrent`	$29.15M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$797.19M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$735.24M	USD	Point-in-time
Long-term debt and lease obligations, net of current maturities, debt discount and deferred loan costs	`LongTermDebtAndLeaseObligations`	$1.92B	USD	Point-in-time
Long-term debt and lease obligations, net of current maturities, debt discount and deferred loan costs	`LongTermDebtAndLeaseObligations`	$1.91B	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$89.06M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$75.09M	USD	Point-in-time
Total liabilities	`Liabilities`	$2.80B	USD	Point-in-time
Total liabilities	`Liabilities`	$2.73B	USD	Point-in-time
Commitments and contingencies (Note 7)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 7)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock, $0.01 par value, 10,000 shares authorized; zero shares issued and outstanding at June 30, 2016 and December 31, 2015, respectively	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.01 par value, 10,000 shares authorized; zero shares issued and outstanding at June 30, 2016 and December 31, 2015, respectively	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $0.01 par value, 200,000 shares authorized; 110,839 and 109,726 shares issued and outstanding at June 30, 2016 and December 31, 2015, respectively	`CommonStockValue`	$1.10M	USD	Point-in-time
Common stock, $0.01 par value, 200,000 shares authorized; 110,839 and 109,726 shares issued and outstanding at June 30, 2016 and December 31, 2015, respectively	`CommonStockValue`	$1.11M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$519.26M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$511.80M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-351.24M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-363.70M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$149.19M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$169.12M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$2.97B	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$2.88B	USD	Point-in-time

Income Statement 60 line items

Line Item	Tag	Value	Unit	Period
Sales	`SalesRevenueNet`	$1.28B	USD	1 Quarter
Sales	`SalesRevenueNet`	$3.07B	USD	2 Qtrs
Sales	`SalesRevenueNet`	$1.46B	USD	1 Quarter
Sales	`SalesRevenueNet`	$1.68B	USD	1 Quarter
Sales	`SalesRevenueNet`	$370.99M	USD	1 Quarter
Sales	`SalesRevenueNet`	$461.52M	USD	1 Quarter
Sales	`SalesRevenueNet`	$832.51M	USD	2 Qtrs
Sales	`SalesRevenueNet`	$1.40B	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$1.26B	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$638.16M	USD	2 Qtrs
Cost of sales	`CostOfGoodsAndServicesSold`	$350.91M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$2.31B	USD	2 Qtrs
Gross margin	`GrossProfit`	$194.35M	USD	2 Qtrs
Gross margin	`GrossProfit`	$110.61M	USD	1 Quarter
Gross margin	`GrossProfit`	$768.08M	USD	2 Qtrs
Gross margin	`GrossProfit`	$418.33M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$668.88M	USD	2 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$177.66M	USD	2 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$94.66M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$341.91M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$99.20M	USD	2 Qtrs
Income from operations	`OperatingIncomeLoss`	$76.42M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$15.95M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$16.68M	USD	2 Qtrs
Interest expense, net	`InterestExpense`	$78.03M	USD	2 Qtrs
Interest expense, net	`InterestExpense`	$42.80M	USD	1 Quarter
Interest expense, net	`InterestExpense`	$12.57M	USD	1 Quarter
Interest expense, net	`InterestExpense`	$20.18M	USD	2 Qtrs
Income (loss) from continuing operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$21.18M	USD	2 Qtrs
Income (loss) from continuing operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$33.62M	USD	1 Quarter
Income (loss) from continuing operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-3.50M	USD	2 Qtrs
Income (loss) from continuing operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$3.38M	USD	1 Quarter
Income tax expense (benefit)	`IncomeTaxExpenseBenefit`	$4.18M	USD	1 Quarter
Income tax expense (benefit)	`IncomeTaxExpenseBenefit`	$-199.00K	USD	1 Quarter
Income tax expense (benefit)	`IncomeTaxExpenseBenefit`	$-3.00K	USD	2 Qtrs
Income tax expense (benefit)	`IncomeTaxExpenseBenefit`	$8.71M	USD	2 Qtrs
Net Income (loss)	`NetIncomeLoss`	$12.46M	USD	2 Qtrs
Net Income (loss)	`NetIncomeLoss`	$3.58M	USD	1 Quarter
Net Income (loss)	`NetIncomeLoss`	$29.44M	USD	1 Quarter
Net Income (loss)	`NetIncomeLoss`	$-3.49M	USD	2 Qtrs
Comprehensive Income (loss)	`ComprehensiveIncomeNetOfTax`	$29.44M	USD	1 Quarter
Comprehensive Income (loss)	`ComprehensiveIncomeNetOfTax`	$12.46M	USD	2 Qtrs
Comprehensive Income (loss)	`ComprehensiveIncomeNetOfTax`	$3.58M	USD	1 Quarter
Comprehensive Income (loss)	`ComprehensiveIncomeNetOfTax`	$-3.49M	USD	2 Qtrs
Basic	`EarningsPerShareBasic`	$0.04	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.11	USD	2 Qtrs
Basic	`EarningsPerShareBasic`	$-0.04	USD	2 Qtrs
Basic	`EarningsPerShareBasic`	$0.27	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$-0.04	USD	2 Qtrs
Diluted	`EarningsPerShareDiluted`	$0.03	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.26	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.11	USD	2 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	110.34M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	110.13M	shares	2 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	98.68M	shares	2 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	99.16M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	112.92M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	98.68M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	102.98M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	113.50M	shares	1 Quarter

Cash Flow Statement 69 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$12.46M	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$3.58M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$29.44M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-3.49M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortizationOfLongLivedAssets`	$61.35M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortizationOfLongLivedAssets`	$3.63M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortizationOfLongLivedAssets`	$6.78M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortizationOfLongLivedAssets`	$30.56M	USD	1 Quarter
Asset impairments	`AssetImpairmentCharges`	$1.36M	USD	2 Qtrs
Amortization of deferred loan costs	`AmortizationOfFinancingCosts`	$1.23M	USD	2 Qtrs
Amortization of deferred loan costs	`AmortizationOfFinancingCosts`	$3.72M	USD	2 Qtrs
Amortization of debt discount	`AmortizationOfDebtDiscountPremium`	$363.00K	USD	2 Qtrs
Gain on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$7.07M	USD	2 Qtrs
Gain on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$7.80M	USD	1 Quarter
Accretion of lease finance obligation	`AccretionExpense`	$456.00K	USD	2 Qtrs
Fair value adjustment of stock warrants	`FairValueAdjustmentOfWarrants`	$4.56M	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$28.00K	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$6.65M	USD	2 Qtrs
Bad debt expense	`ProvisionForDoubtfulAccounts`	$161.00K	USD	2 Qtrs
Bad debt expense	`ProvisionForDoubtfulAccounts`	$-87.00K	USD	2 Qtrs
Stock compensation expense	`ShareBasedCompensation`	$3.37M	USD	2 Qtrs
Stock compensation expense	`ShareBasedCompensation`	$5.13M	USD	2 Qtrs
Net gain on sale of assets	`GainLossOnSaleOfPropertyPlantEquipment`	$361.00K	USD	2 Qtrs
Net gain on sale of assets	`GainLossOnSaleOfPropertyPlantEquipment`	$114.00K	USD	2 Qtrs
Receivables	`IncreaseDecreaseInReceivables`	$124.73M	USD	2 Qtrs
Receivables	`IncreaseDecreaseInReceivables`	$37.19M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$67.47M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$6.98M	USD	2 Qtrs
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$-2.94M	USD	2 Qtrs
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$-3.45M	USD	2 Qtrs
Other assets and liabilities	`IncreaseDecreaseInOtherNoncurrentAssetsAndLiabilitiesNet`	$-3.21M	USD	2 Qtrs
Other assets and liabilities	`IncreaseDecreaseInOtherNoncurrentAssetsAndLiabilitiesNet`	$-1.05M	USD	2 Qtrs
Accounts payable and checks outstanding	`IncreaseDecreaseInAccountsPayableAndChecksOutstanding`	$111.74M	USD	2 Qtrs
Accounts payable and checks outstanding	`IncreaseDecreaseInAccountsPayableAndChecksOutstanding`	$34.47M	USD	2 Qtrs
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$10.74M	USD	2 Qtrs
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-43.02M	USD	2 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-32.85M	USD	2 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$17.56M	USD	2 Qtrs
Purchases of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$14.33M	USD	2 Qtrs
Purchases of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$22.67M	USD	2 Qtrs
Proceeds from sale of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$923.00K	USD	2 Qtrs
Proceeds from sale of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$180.00K	USD	2 Qtrs
Cash used for acquisitions, net	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$3.97M	USD	2 Qtrs
Cash used for acquisitions, net	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$5.80M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-19.95M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-25.72M	USD	2 Qtrs
Borrowings under revolving credit facility	`ProceedsFromLinesOfCredit`	$25.00M	USD	2 Qtrs
Borrowings under revolving credit facility	`ProceedsFromLinesOfCredit`	$479.00M	USD	2 Qtrs
Repayments under revolving credit facility	`RepaymentsOfLinesOfCredit`	$435.00M	USD	2 Qtrs
Repayments of long-term debt and other loans	`ProceedsFromRepaymentsOfOtherLongTermDebt`	$-42.19M	USD	2 Qtrs
Repayments of long-term debt and other loans	`ProceedsFromRepaymentsOfOtherLongTermDebt`	$-36.00K	USD	2 Qtrs
Payments of loan costs	`PaymentsOfFinancingCosts`	$4.45M	USD	2 Qtrs
Payments of transaction costs	`PaymentsOfMergerRelatedCostsFinancingActivities`	$326.00K	USD	2 Qtrs
Exercise of stock options	`ProceedsFromStockOptionsExercised`	$1.12M	USD	2 Qtrs
Exercise of stock options	`ProceedsFromStockOptionsExercised`	$3.43M	USD	2 Qtrs
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$1.09M	USD	2 Qtrs
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$986.00K	USD	2 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-303.00K	USD	2 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$24.77M	USD	2 Qtrs
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-58.87M	USD	2 Qtrs
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$22.38M	USD	2 Qtrs
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$40.15M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$17.77M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$65.06M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$6.19M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$40.15M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$17.77M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$65.06M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$6.19M	USD	Point-in-time

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