10-Q Filing

BUILDERS FIRSTSOURCE, INC. CIK: 1316835 Q1 2017

Filing Information

Form Type	10-Q
Accession Number	`0001564590-17-009810`
Period End Date	20170331
Filing Date	20170509
Fiscal Year	2017
Fiscal Period	Q1
XBRL Instance	bldr-20170331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 76 Income Statement 28 Cash Flow Statement 68 Stockholders Equity 14

Balance Sheet 76 line items

Line Item	Tag	Value	Unit	Period
Allowances on trade accounts receivable	`AllowancesOnTradeAccountsReceivableCurrent`	$11.57M	USD	Point-in-time
Allowances on trade accounts receivable	`AllowancesOnTradeAccountsReceivableCurrent`	$14.09M	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`	$4.51M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$14.45M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$65.06M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$3.73M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Accounts receivable, less allowances of $14,090 and $11,571 at March 31, 2017 and December 31, 2016, respectively	`AccountsReceivableNetCurrent`	$622.58M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Accounts receivable, less allowances of $14,090 and $11,571 at March 31, 2017 and December 31, 2016, respectively	`AccountsReceivableNetCurrent`	$569.21M	USD	Point-in-time
Other receivables	`OtherReceivablesNetCurrent`	$55.78M	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
Other receivables	`OtherReceivablesNetCurrent`	$43.59M	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
Inventories, net	`InventoryNet`	$541.77M	USD	Point-in-time
Inventories, net	`InventoryNet`	$618.01M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	200.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	200.00M	shares	Point-in-time
Other current assets	`OtherAssetsCurrent`	$40.89M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$34.77M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.33B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.22B	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	111.56M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	112.36M	shares	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$644.66M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	111.56M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	112.36M	shares	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$656.10M	USD	Point-in-time
Assets held for sale	`AssetsHeldForSaleNotPartOfDisposalGroup`	$5.67M	USD	Point-in-time
Assets held for sale	`AssetsHeldForSaleNotPartOfDisposalGroup`	$4.36M	USD	Point-in-time
Goodwill	`Goodwill`	$740.41M	USD	Point-in-time
Goodwill	`Goodwill`	$740.41M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$159.37M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$152.48M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsLiabilitiesNetNoncurrent`	$115.32M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsLiabilitiesNetNoncurrent`	$124.17M	USD	Point-in-time
Other assets, net	`OtherAssetsNoncurrent`	$18.34M	USD	Point-in-time
Other assets, net	`OtherAssetsNoncurrent`	$18.91M	USD	Point-in-time
Total assets	`Assets`	$3.02B	USD	Point-in-time
Total assets	`Assets`	$2.91B	USD	Point-in-time
Checks outstanding	`ChecksOutstandingCurrent`	$35.61M	USD	Point-in-time
Checks outstanding	`ChecksOutstandingCurrent`	$29.52M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$467.22M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$409.76M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$192.98M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$293.12M	USD	Point-in-time
Current maturities of long-term debt and lease obligations	`LongTermDebtAndLeaseObligationsCurrent`	$16.22M	USD	Point-in-time
Current maturities of long-term debt and lease obligations	`LongTermDebtAndLeaseObligationsCurrent`	$16.14M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$705.87M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$754.70M	USD	Point-in-time
Long-term debt and lease obligations, net of current maturities, debt discount and debt issuance costs	`LongTermDebtAndLeaseObligations`	$1.79B	USD	Point-in-time
Long-term debt and lease obligations, net of current maturities, debt discount and debt issuance costs	`LongTermDebtAndLeaseObligations`	$1.93B	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$58.92M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$59.73M	USD	Point-in-time
Total liabilities	`Liabilities`	$2.69B	USD	Point-in-time
Total liabilities	`Liabilities`	$2.60B	USD	Point-in-time
Commitments and contingencies (Note 6)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 6)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock, $0.01 par value, 10,000 shares authorized; zero shares issued and outstanding at March 31, 2017 and December 31, 2016, respectively	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.01 par value, 10,000 shares authorized; zero shares issued and outstanding at March 31, 2017 and December 31, 2016, respectively	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $0.01 par value, 200,000 shares authorized; 112,356 and 111,564 shares issued and outstanding at March 31, 2017 and December 31, 2016, respectively	`CommonStockValue`	$1.11M	USD	Point-in-time
Common stock, $0.01 par value, 200,000 shares authorized; 112,356 and 111,564 shares issued and outstanding at March 31, 2017 and December 31, 2016, respectively	`CommonStockValue`	$1.12M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$527.87M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$529.99M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-219.36M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-206.65M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$309.62M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$324.46M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$2.91B	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$3.02B	USD	Point-in-time

Income Statement 28 line items

Line Item	Tag	Value	Unit	Period
Sales	`SalesRevenueNet`	$1.53B	USD	1 Quarter
Sales	`SalesRevenueNet`	$1.40B	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$1.16B	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$1.05B	USD	1 Quarter
Gross margin	`GrossProfit`	$349.75M	USD	1 Quarter
Gross margin	`GrossProfit`	$376.05M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$335.77M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$326.97M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$40.28M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$22.78M	USD	1 Quarter
Interest expense, net	`InterestExpense`	$35.22M	USD	1 Quarter
Interest expense, net	`InterestExpense`	$36.16M	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-12.45M	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$4.12M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$4.54M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$298.00K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$3.82M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-16.98M	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$-16.98M	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$3.82M	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.03	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$-0.15	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.03	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$-0.15	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	109.91M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	111.96M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	114.58M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	109.91M	shares	1 Quarter

Cash Flow Statement 68 line items

Line Item	Tag	Value	Unit	Period
Non cash retirement of assets related to lease finance obligations	`NonCashRetirementOfAssetsRelatedToLeaseFinanceObligations`	$10.60M	USD	1 Quarter
Non cash retirement of assets related to lease finance obligations	`NonCashRetirementOfAssetsRelatedToLeaseFinanceObligations`	-	USD	1 Quarter
Non cash extinguishment of related lease finance obligation	`NonCashExtinguishmentOfAssetsRelatedToLeaseFinanceObligation`	$10.60M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$3.82M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-16.98M	USD	1 Quarter
Equipment purchased and financed through capital lease obligations	`PropertyPlantAndEquipmentFinancedThroughCapitalLeaseObligation`	$1.20M	USD	1 Quarter
Equipment purchased and financed through capital lease obligations	`PropertyPlantAndEquipmentFinancedThroughCapitalLeaseObligation`	$1.00M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortizationOfLongLivedAssets`	$30.79M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortizationOfLongLivedAssets`	$23.59M	USD	1 Quarter
Amortization and write-off of deferred loan costs	`AmortizationAndWriteOffOfDeferredLoanCosts`	$1.94M	USD	1 Quarter
Amortization and write-off of deferred loan costs	`AmortizationAndWriteOffOfDeferredLoanCosts`	$2.22M	USD	1 Quarter
Amortization and write-off of debt discount	`AmortizationAndWriteOffOfDebtDiscount`	$180.00K	USD	1 Quarter
Amortization and write-off of debt discount	`AmortizationAndWriteOffOfDebtDiscount`	$215.00K	USD	1 Quarter
Gain on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$7.73M	USD	1 Quarter
Accretion of lease finance obligation	`AccretionExpense`	$456.00K	USD	1 Quarter
Accretion of lease finance obligation	`AccretionExpense`	$92.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$4.34M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$40.00K	USD	1 Quarter
Bad debt expense	`ProvisionForDoubtfulAccounts`	$681.00K	USD	1 Quarter
Bad debt expense	`ProvisionForDoubtfulAccounts`	$368.00K	USD	1 Quarter
Stock compensation expense	`ShareBasedCompensation`	$2.90M	USD	1 Quarter
Stock compensation expense	`ShareBasedCompensation`	$2.57M	USD	1 Quarter
Net loss (gain) on sale of assets and asset impairments	`GainLossOnSalesOfAssetsAndAssetImpairmentCharges`	$-3.15M	USD	1 Quarter
Net loss (gain) on sale of assets and asset impairments	`GainLossOnSalesOfAssetsAndAssetImpairmentCharges`	$19.00K	USD	1 Quarter
Receivables	`IncreaseDecreaseInReceivables`	$43.89M	USD	1 Quarter
Receivables	`IncreaseDecreaseInReceivables`	$41.66M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$76.24M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$26.75M	USD	1 Quarter
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$6.12M	USD	1 Quarter
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$-5.70M	USD	1 Quarter
Other assets and liabilities	`IncreaseDecreaseInOtherNoncurrentAssetsAndLiabilitiesNet`	$-1.38M	USD	1 Quarter
Other assets and liabilities	`IncreaseDecreaseInOtherNoncurrentAssetsAndLiabilitiesNet`	$-256.00K	USD	1 Quarter
Accounts payable and checks outstanding	`IncreaseDecreaseInAccountsPayableAndChecksOutstanding`	$50.95M	USD	1 Quarter
Accounts payable and checks outstanding	`IncreaseDecreaseInAccountsPayableAndChecksOutstanding`	$64.99M	USD	1 Quarter
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-100.34M	USD	1 Quarter
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-60.64M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-136.44M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-43.30M	USD	1 Quarter
Purchases of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$8.98M	USD	1 Quarter
Purchases of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$9.78M	USD	1 Quarter
Proceeds from sale of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$449.00K	USD	1 Quarter
Proceeds from sale of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$390.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-9.33M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-8.59M	USD	1 Quarter
Borrowings under revolving credit facility	`ProceedsFromLinesOfCredit`	$221.00M	USD	1 Quarter
Borrowings under revolving credit facility	`ProceedsFromLinesOfCredit`	$457.00M	USD	1 Quarter
Repayments under revolving credit facility	`RepaymentsOfLinesOfCredit`	$315.00M	USD	1 Quarter
Repayments under revolving credit facility	`RepaymentsOfLinesOfCredit`	$222.00M	USD	1 Quarter
Repayments of long-term debt and other loans	`ProceedsFromRepaymentsOfOtherLongTermDebt`	$-2.63M	USD	1 Quarter
Repayments of long-term debt and other loans	`ProceedsFromRepaymentsOfOtherLongTermDebt`	$-3.17M	USD	1 Quarter
Payments of loan costs	`PaymentsOfFinancingCosts`	$2.77M	USD	1 Quarter
Payments of loan costs	`PaymentsOfFinancingCosts`	$4.42M	USD	1 Quarter
Exercise of stock options	`ProceedsFromStockOptionsExercised`	$1.70M	USD	1 Quarter
Exercise of stock options	`ProceedsFromStockOptionsExercised`	$194.00K	USD	1 Quarter
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$2.47M	USD	1 Quarter
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$1.05M	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$135.84M	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-9.45M	USD	1 Quarter
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-9.93M	USD	1 Quarter
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-61.34M	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$4.51M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$14.45M	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`	$3.73M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$4.51M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$14.45M	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`	$3.73M	USD	Point-in-time

Stockholders Equity 14 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$309.62M	USD	Point-in-time
Balance	`StockholdersEquity`	$324.46M	USD	Point-in-time
Balance, shares	`CommonStockSharesOutstanding`	111.56M	shares	Point-in-time
Balance, shares	`CommonStockSharesOutstanding`	112.36M	shares	Point-in-time
Stock compensation expense	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition`	$2.90M	USD	1 Quarter
Exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$1.70M	USD	1 Quarter
Repurchase of common stock	`StockRepurchasedAndRetiredDuringPeriodValue`	$2.47M	USD	1 Quarter
Cumulative effect adjustment (Note 1)	`CumulativeEffectOnRetainedEarningsNetOfTax1`	$8.89M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$3.82M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-16.98M	USD	1 Quarter
Balance	`StockholdersEquity`	$309.62M	USD	Point-in-time
Balance	`StockholdersEquity`	$324.46M	USD	Point-in-time
Balance, shares	`CommonStockSharesOutstanding`	111.56M	shares	Point-in-time
Balance, shares	`CommonStockSharesOutstanding`	112.36M	shares	Point-in-time

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