10-Q Filing

BUILDERS FIRSTSOURCE, INC. CIK: 1316835 Q1 2019

Filing Information

Form Type	10-Q
Accession Number	`0001564590-19-015572`
Period End Date	20190331
Filing Date	20190503
Fiscal Year	2019
Fiscal Period	Q1
XBRL Instance	bldr-20190331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 75 Income Statement 28 Cash Flow Statement 57 Stockholders Equity 21

Balance Sheet 75 line items

Line Item	Tag	Value	Unit	Period
Allowances on trade accounts receivable	`AllowancesOnTradeAccountsReceivableCurrent`	$13.05M	USD	Point-in-time
Allowances on trade accounts receivable	`AllowancesOnTradeAccountsReceivableCurrent`	$13.00M	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`	$10.13M	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`	$11.72M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Accounts receivable, less allowances of $13,004 and $13,054 at March 31, 2019 and December 31, 2018, respectively	`AccountsReceivableNetCurrent`	$648.94M	USD	Point-in-time
Accounts receivable, less allowances of $13,004 and $13,054 at March 31, 2019 and December 31, 2018, respectively	`AccountsReceivableNetCurrent`	$654.17M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Other receivables	`OtherReceivablesNetCurrent`	$50.83M	USD	Point-in-time
Other receivables	`OtherReceivablesNetCurrent`	$68.64M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	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`	$635.50M	USD	Point-in-time
Inventories, net	`InventoryNet`	$596.90M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$38.76M	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`	$43.92M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	115.08M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	115.60M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$1.37B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.39B	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$670.08M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$669.05M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	115.60M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	115.08M	shares	Point-in-time
Operating lease right-of-use assets, net	`OperatingLeaseRightOfUseAsset`	$269.64M	USD	Point-in-time
Goodwill	`Goodwill`	$740.41M	USD	Point-in-time
Goodwill	`Goodwill`	$740.41M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$99.29M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$103.15M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsLiabilitiesNetNoncurrent`	$22.77M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsLiabilitiesNetNoncurrent`	$13.13M	USD	Point-in-time
Other assets, net	`OtherAssetsNoncurrent`	$22.19M	USD	Point-in-time
Other assets, net	`OtherAssetsNoncurrent`	$22.15M	USD	Point-in-time
Total assets	`Assets`	$3.20B	USD	Point-in-time
Total assets	`Assets`	$2.93B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$423.17M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$471.34M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$189.24M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$292.53M	USD	Point-in-time
Current portion of operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$60.29M	USD	Point-in-time
Current maturities of long-term debt	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$17.05M	USD	Point-in-time
Current maturities of long-term debt	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$15.56M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$737.91M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$731.26M	USD	Point-in-time
Noncurrent portion of operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$213.84M	USD	Point-in-time
Long-term debt, net of current maturities, debt discount, and debt issuance costs	`LongTermDebtAndCapitalLeaseObligations`	$1.56B	USD	Point-in-time
Long-term debt, net of current maturities, debt discount, and debt issuance costs	`LongTermDebtAndCapitalLeaseObligations`	$1.55B	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$58.98M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$53.16M	USD	Point-in-time
Total liabilities	`Liabilities`	$2.57B	USD	Point-in-time
Total liabilities	`Liabilities`	$2.34B	USD	Point-in-time
Commitments and contingencies (Note 9)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 9)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock, $0.01 par value, 10,000 shares authorized; zero shares issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.01 par value, 10,000 shares authorized; zero shares issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $0.01 par value, 200,000 shares authorized; 115,603 and 115,078 shares issued and outstanding at March 31, 2019 and December 31, 2018, respectively	`CommonStockValue`	$1.16M	USD	Point-in-time
Common stock, $0.01 par value, 200,000 shares authorized; 115,603 and 115,078 shares issued and outstanding at March 31, 2019 and December 31, 2018, respectively	`CommonStockValue`	$1.15M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$560.22M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$560.64M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$34.97M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$70.67M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$400.97M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$596.34M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$632.47M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$376.21M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$2.93B	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$3.20B	USD	Point-in-time

Income Statement 28 line items

Line Item	Tag	Value	Unit	Period
Sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$1.70B	USD	1 Quarter
Sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$1.63B	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$1.29B	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$1.19B	USD	1 Quarter
Gross margin	`GrossProfit`	$411.05M	USD	1 Quarter
Gross margin	`GrossProfit`	$441.98M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$370.08M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$358.91M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$71.89M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$52.14M	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNonoperatingNet`	$-26.74M	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNonoperatingNet`	$-24.90M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$46.99M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$25.40M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$11.28M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$2.18M	USD	1 Quarter
Net income	`NetIncomeLoss`	$35.71M	USD	1 Quarter
Net income	`NetIncomeLoss`	$23.22M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$23.22M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$35.71M	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.20	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.31	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.31	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.20	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	115.42M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	114.09M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	116.53M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	116.70M	shares	1 Quarter

Cash Flow Statement 57 line items

Line Item	Tag	Value	Unit	Period
Purchases of property, plant and equipment included in accounts payable	`CapitalExpendituresIncurredButNotYetPaid`	$3.20M	USD	1 Quarter
Purchases of property, plant and equipment included in accounts payable	`CapitalExpendituresIncurredButNotYetPaid`	$1.90M	USD	1 Quarter
Net income	`ProfitLoss`	$35.71M	USD	1 Quarter
Net income	`ProfitLoss`	$23.22M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$23.58M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$22.82M	USD	1 Quarter
Amortization of debt issuance costs and debt discount	`AmortizationOfFinancingCostsAndDiscounts`	$1.15M	USD	1 Quarter
Amortization of debt issuance costs and debt discount	`AmortizationOfFinancingCostsAndDiscounts`	$1.15M	USD	1 Quarter
Gain on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$680.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$9.64M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$1.50M	USD	1 Quarter
Stock compensation expense	`ShareBasedCompensation`	$2.89M	USD	1 Quarter
Stock compensation expense	`ShareBasedCompensation`	$2.66M	USD	1 Quarter
Gain on sale of assets	`GainLossOnDispositionOfAssets`	$464.00K	USD	1 Quarter
Gain on sale of assets	`GainLossOnDispositionOfAssets`	$245.00K	USD	1 Quarter
Receivables	`IncreaseDecreaseInReceivables`	$57.13M	USD	1 Quarter
Receivables	`IncreaseDecreaseInReceivables`	$-22.70M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$85.96M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$38.60M	USD	1 Quarter
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$-4.73M	USD	1 Quarter
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$9.48M	USD	1 Quarter
Other assets and liabilities	`IncreaseDecreaseInOtherNoncurrentAssetsAndLiabilitiesNet`	$-1.55M	USD	1 Quarter
Other assets and liabilities	`IncreaseDecreaseInOtherNoncurrentAssetsAndLiabilitiesNet`	$1.32M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$47.37M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$4.38M	USD	1 Quarter
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-100.39M	USD	1 Quarter
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-83.01M	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$6.08M	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-178.32M	USD	1 Quarter
Purchases of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$21.52M	USD	1 Quarter
Purchases of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$20.11M	USD	1 Quarter
Proceeds from sale of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$568.00K	USD	1 Quarter
Proceeds from sale of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$720.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-19.55M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-20.80M	USD	1 Quarter
Borrowings under revolving credit facility	`ProceedsFromLinesOfCredit`	$374.00M	USD	1 Quarter
Borrowings under revolving credit facility	`ProceedsFromLinesOfCredit`	$555.00M	USD	1 Quarter
Repayments under revolving credit facility	`RepaymentsOfLinesOfCredit`	$399.00M	USD	1 Quarter
Repayments under revolving credit facility	`RepaymentsOfLinesOfCredit`	$331.00M	USD	1 Quarter
Repayments of long-term debt and other loans	`RepaymentsOfLongTermDebtAndCapitalSecurities`	$2.78M	USD	1 Quarter
Repayments of long-term debt and other loans	`RepaymentsOfLongTermDebtAndCapitalSecurities`	$24.44M	USD	1 Quarter
Exercise of stock options	`ProceedsFromStockOptionsExercised`	$2.04M	USD	1 Quarter
Exercise of stock options	`ProceedsFromStockOptionsExercised`	$216.00K	USD	1 Quarter
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$2.45M	USD	1 Quarter
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$4.86M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$16.33M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$150.41M	USD	1 Quarter
Net change in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$1.60M	USD	1 Quarter
Net change in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-47.46M	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$11.72M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$10.07M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$10.13M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$57.53M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$11.72M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$10.07M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$10.13M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$57.53M	USD	Point-in-time

Stockholders Equity 21 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$400.97M	USD	Point-in-time
Balance	`StockholdersEquity`	$596.34M	USD	Point-in-time
Balance	`StockholdersEquity`	$632.47M	USD	Point-in-time
Balance	`StockholdersEquity`	$376.21M	USD	Point-in-time
Balance, shares	`CommonStockSharesOutstanding`	115.60M	shares	Point-in-time
Balance, shares	`CommonStockSharesOutstanding`	115.08M	shares	Point-in-time
Stock compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$2.89M	USD	1 Quarter
Stock compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$2.66M	USD	1 Quarter
Exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$216.00K	USD	1 Quarter
Exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$2.04M	USD	1 Quarter
Repurchase of common stock	`StockRepurchasedAndRetiredDuringPeriodValue`	$2.45M	USD	1 Quarter
Repurchase of common stock	`StockRepurchasedAndRetiredDuringPeriodValue`	$4.86M	USD	1 Quarter
Cumulative effect adjustment	`CumulativeEffectOnRetainedEarningsNetOfTax1`	$1.47M	USD	1 Quarter
Net income	`NetIncomeLoss`	$35.71M	USD	1 Quarter
Net income	`NetIncomeLoss`	$23.22M	USD	1 Quarter
Balance	`StockholdersEquity`	$400.97M	USD	Point-in-time
Balance	`StockholdersEquity`	$596.34M	USD	Point-in-time
Balance	`StockholdersEquity`	$632.47M	USD	Point-in-time
Balance	`StockholdersEquity`	$376.21M	USD	Point-in-time
Balance, shares	`CommonStockSharesOutstanding`	115.60M	shares	Point-in-time
Balance, shares	`CommonStockSharesOutstanding`	115.08M	shares	Point-in-time

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