Summit LLC’s domestic wholly-owned subsidiary companies other than Finance Corp. are named as guarantors (collectively, the “Guarantors”) of the Senior Notes. Certain other partially-owned subsidiaries and a non-U.S. entity do not guarantee the Senior Notes (collectively, the “Non-Guarantors”). The Guarantors provide a joint and several, full and unconditional guarantee of the Senior Notes.

The following condensed consolidating balance sheets, statements of operations and cash flows are provided for the Issuers, the Wholly-owned Guarantors and the Non-Guarantors. Earnings from subsidiaries are included in other income in the condensed consolidated statements of operations below. The financial information may not necessarily be indicative of the financial position, results of operations or cash flows had the guarantor or non-guarantor subsidiaries operated as independent entities.


			100%
			Owned		Non-
	Issuers		Guarantors		Guarantors		Eliminations		Consolidated
Assets
Current assets:
Cash and cash equivalents	$	498,307	$	2,864	$	26,298	$	(7,018)	$	520,451
Accounts receivable, net	1,528		233,039		22,127		(25)		256,669
Intercompany receivables	329,744		1,937,390		—		(2,267,134)		—
Cost and estimated earnings in excess of billings	—		5,861		649		—		6,510
Inventories	—		206,418		6,073		—		212,491
Other current assets	4,755		16,341		1,159		—		22,255
Total current assets	834,334		2,401,913		56,306		(2,274,177)		1,018,376
Property, plant and equipment, net	21,306		1,710,972		81,424		—		1,813,702
Goodwill	—		1,076,935		56,611		—		1,133,546
Intangible assets, net	—		66,972		4,412		—		71,384
Operating lease right-of-use assets	4,665		28,310		4,914		—		37,889
Other assets	4,599,488		204,644		1,220		(4,760,543)		44,809
Total assets	$	5,459,793	$	5,489,746	$	204,887	$	(7,034,720)	$	4,119,706
Liabilities and Members' Interest
Current liabilities:
Current portion of debt	$	5,096	$	—	$	—	$	—	$	5,096
Current portion of acquisition-related liabilities	—		13,718		—		—		13,718
Accounts payable	3,553		93,096		7,806		(25)		104,430
Accrued expenses	54,417		70,433		2,876		(7,018)		120,708
Current operating lease liabilities	921		5,637		738		—		7,296
Intercompany payables	1,750,352		513,494		3,288		(2,267,134)		—
Billings in excess of costs and estimated earnings	—		4,956		783		—		5,739
Total current liabilities	1,814,339		701,334		15,491		(2,274,177)		256,987
Long-term debt	1,488,569		—		—		—		1,488,569
Acquisition-related liabilities	—		29,051		—		—		29,051
Noncurrent operating lease liabilities	8,726		22,871		4,140		—		35,737
Other noncurrent liabilities	5,009		208,185		117,439		(164,421)		166,212
Total liabilities	3,316,643		961,441		137,070		(2,438,598)		1,976,556
Total members' interest	2,143,150		4,528,305		67,817		(4,596,122)		2,143,150
Total liabilities and members' interest	$	5,459,793	$	5,489,746	$	204,887	$	(7,034,720)	$	4,119,706


			100%
			Owned		Non-
	Issuers		Guarantors		Guarantors		Eliminations		Consolidated
Assets
Current assets:
Cash and cash equivalents	$	365,044	$	2,264	$	18,337	$	(4,684)	$	380,961
Accounts receivable, net	94		264,888		22,185		59		287,226
Intercompany receivables	366,619		1,746,909		—		(2,113,528)		—
Cost and estimated earnings in excess of billings	—		6,942		658		—		7,600
Inventories	—		175,211		5,549		—		180,760
Other current assets	3,036		8,920		1,107		—		13,063
Total current assets	734,793		2,205,134		47,836		(2,118,153)		869,610
Property, plant and equipment, net	10,013		1,742,721		90,174		—		1,842,908
Goodwill	—		1,104,019		60,731		—		1,164,750
Intangible assets, net	—		64,466		4,930		—		69,396
Operating lease right-of-use assets	5,612		19,693		4,845		—		30,150
Other assets	4,417,039		220,500		576		(4,579,370)		58,745
Total assets	$	5,167,457	$	5,356,533	$	209,092	$	(6,697,523)	$	4,035,559
Liabilities and Members' Interest
Current liabilities:
Current portion of debt	$	6,354	$	—	$	—	$	—	$	6,354
Current portion of acquisition-related liabilities	—		13,110		—		—		13,110
Accounts payable	6,284		114,405		8,095		59		128,843
Accrued expenses	55,440		94,858		2,522		(4,684)		148,136
Current operating lease liabilities	780		5,053		664		—		6,497
Intercompany payables	1,607,816		502,334		3,378		(2,113,528)		—
Billings in excess of costs and estimated earnings	—		6,960		441		—		7,401
Total current liabilities	1,676,674		736,720		15,100		(2,118,153)		310,341
Long-term debt	1,591,019		—		—		—		1,591,019
Acquisition-related liabilities	—		33,369		—		—		33,369
Noncurrent operating lease liabilities	9,647		15,101		4,132		—		28,880
Other noncurrent liabilities	5,173		227,348		118,906		(164,421)		187,006
Total liabilities	3,282,513		1,012,538		138,138		(2,282,574)		2,150,615
Total members' interest	1,884,944		4,343,995		70,954		(4,414,949)		1,884,944
Total liabilities and members' interest	$	5,167,457	$	5,356,533	$	209,092	$	(6,697,523)	$	4,035,559


			100%
			Owned		Non-
	Issuers		Guarantors		Guarantors		Eliminations		Consolidated
Revenue	$	—	$	2,297,761	$	124,314	$	(9,553)	$	2,412,522
Cost of revenue (excluding items shown separately below)	—		1,683,024		89,706		(9,553)		1,763,177
General and administrative expenses	63,279		110,141		6,428		—		179,848
Depreciation, depletion, amortization and accretion	3,232		185,883		11,335		—		200,450
Operating (loss) income	(66,511)		318,713		16,845		—		269,047
Other income, net	(425,356)		(1,850)		(354)		419,305		(8,255)
Interest expense (income)	141,892		(60,403)		5,480		—		86,969
Gain on sale of business	(131,437)		(40,952)		—		—		(172,389)
Income from operation before taxes	348,390		421,918		11,719		(419,305)		362,722
Income tax expense	2,253		11,307		3,025		—		16,585
Net income attributable to Summit LLC	$	346,137	$	410,611	$	8,694	$	(419,305)	$	346,137
Comprehensive income attributable to member of Summit Materials, LLC	$	340,787	$	404,130	$	20,525	$	(424,655)	$	340,787


			100%
			Owned		Non-
	Issuers		Guarantors		Guarantors		Eliminations		Consolidated
Revenue	$	—	$	2,307,127	$	116,408	$	(13,866)	$	2,409,669
Cost of revenue (excluding items shown separately below)	—		1,665,196		85,080		(13,866)		1,736,410
General and administrative expenses	70,384		116,374		4,070		—		190,828
Depreciation, depletion, amortization and accretion	4,249		213,900		11,217		—		229,366
Operating (loss) income	(74,633)		311,657		16,041		—		253,065
Other income, net	(382,983)		(15,891)		(588)		388,440		(11,022)
Interest expense (income)	135,206		(48,529)		5,501		—		92,178
Gain on sale of business	—		(20,011)		—		—		(20,011)
Income from operation before taxes	173,144		396,088		11,128		(388,440)		191,920
Income tax expense	2,173		16,079		2,697		—		20,949
Net income attributable to Summit LLC	$	170,971	$	380,009	$	8,431	$	(388,440)	$	170,971
Comprehensive income attributable to member of Summit Materials, LLC	$	173,528	$	378,706	$	7,177	$	(385,883)	$	173,528


			100%
			Owned		Non-
	Issuers		Guarantors		Guarantors		Eliminations		Consolidated
Revenue	$	—	$	2,259,865	$	89,752	$	(17,166)	$	2,332,451
Cost of revenue (excluding items shown separately below)	—		1,663,957		63,863		(17,166)		1,710,654
General and administrative expenses	72,504		96,526		6,274		—		175,304
Depreciation, depletion, amortization and accretion	3,983		210,038		7,299		—		221,320
Operating (loss) income	(76,487)		289,344		12,316		—		225,173
Other (income) loss, net	(328,914)		(2,473)		(198)		331,667		82
Interest expense (income)	130,176		(31,402)		4,517		—		103,291

Income from continuing operations before taxes	122,251		323,219		7,997		(331,667)		121,800
Income tax (benefit) expense	1,514		(4,737)		4,286		—		1,063


Net income attributable to member of Summit Materials, LLC	$	120,737	$	327,956	$	3,711	$	(331,667)	$	120,737
Comprehensive income (loss) attributable to member of Summit Materials, LLC	$	123,125	$	330,185	$	(906)	$	(329,279)	$	123,125


			100%
			Owned		Non-
	Issuers		Guarantors		Guarantors		Eliminations		Consolidated
Net cash (used in) provided by operating activities	$	(126,319)	$	386,579	$	23,293	$	—	$	283,553
Cash flow from investing activities:
Acquisitions, net of cash acquired	—		(22,730)		—		—		(22,730)
Purchase of property, plant and equipment	(14,374)		(243,522)		(8,837)		—		(266,733)
Proceeds from the sale of property, plant, and equipment	—		14,864		510		—		15,374
Proceeds from the sale of a business	5,924		367,149		—		—		373,073
Other	—		(3,162)		—		—		(3,162)
Net cash (used for) provided by investing activities	(8,450)		112,599		(8,327)		—		95,822
Cash flow from financing activities:
Capital distributions to member	(64,238)		22,730		—		—		(41,508)


Loans received from and payments made on loans from other Summit Companies	498,688		(490,786)		(5,568)		(2,334)		—
Payments on long-term debt	(105,496)		(17,040)		—		—		(122,536)

Payments on acquisition-related liabilities	—		(13,428)		—		—		(13,428)
Debt issuance costs	(1,557)		—		—		—		(1,557)
Distributions from partnership	(59,392)		—		—		—		(59,392)
Other	27		(54)		—		—		(27)
Net cash provided by (used in) financing activities	268,032		(498,578)		(5,568)		(2,334)		(238,448)
Impact of cash on foreign currency	—		—		(1,437)		—		(1,437)
Net increase in cash	133,263		600		7,961		(2,334)		139,490
Cash — Beginning of period	365,044		2,264		18,337		(4,684)		380,961
Cash — End of period	$	498,307	$	2,864	$	26,298	$	(7,018)	$	520,451


			100%
			Owned		Non-
	Issuers		Guarantors		Guarantors		Eliminations		Consolidated
Net cash (used in) provided by operating activities	$	(136,008)	$	471,106	$	26,831	$	—	$	361,929
Cash flow from investing activities:
Acquisitions, net of cash acquired	—		(19,513)		—		—		(19,513)
Purchase of property, plant and equipment	(1,237)		(201,038)		(9,707)		—		(211,982)
Proceeds from the sale of property, plant, and equipment	—		10,894		780		—		11,674
Proceeds from the sale of a business	—		128,337		—		—		128,337
Other	—		236		—		—		236
Net cash used for investing activities	(1,237)		(81,084)		(8,927)		—		(91,248)
Cash flow from financing activities:
Proceeds from investment by member	29,685		2,766		—		—		32,451

Loans received from and payments made on loans from other Summit Companies	381,393		(370,940)		(9,410)		(1,043)		—
Payments on long-term debt	(306,355)		(22,011)		(644)		—		(329,010)
Payments on acquisition-related liabilities	—		(7,860)		—		—		(7,860)

Distributions from partnership	(2,500)		—		—		—		(2,500)
Other	(1,008)		—		—		—		(1,008)
Net cash provided by (used in) financing activities	101,215		(398,045)		(10,054)		(1,043)		(307,927)
Impact of cash on foreign currency	—		—		26		—		26
Net (decrease) increase in cash	(36,030)		(8,023)		7,876		(1,043)		(37,220)
Cash — Beginning of period	401,074		10,287		10,461		(3,641)		418,181
Cash — End of period	$	365,044	$	2,264	$	18,337	$	(4,684)	$	380,961


			100%
			Owned		Non-
	Issuers		Guarantors		Guarantors		Eliminations		Consolidated
Net cash (used in) provided by operating activities	$	(135,895)	$	502,595	$	42,169	$	—	$	408,869
Cash flow from investing activities:
Acquisitions, net of cash acquired	—		(92,085)		(31,392)		—		(123,477)
Purchase of property, plant and equipment	(2,150)		(173,228)		(1,871)		—		(177,249)
Proceeds from the sale of property, plant, and equipment	—		13,935		83		—		14,018

Other	—		1,121		—		—		1,121
Net cash used for investing activities	(2,150)		(250,257)		(33,180)		—		(285,587)
Cash flow from financing activities:
Proceeds from investment by member	(91,142)		87,925		4,260		—		1,043

Net proceeds from debt issuance	700,000		—		—		—		700,000
Loans received from and payments made on loans from other Summit Companies	298,656		(288,711)		(12,781)		2,836		—
Payments on long-term debt	(657,942)		(15,911)		(192)		—		(674,045)

Payments on acquisition-related liabilities	—		(30,757)		—		—		(30,757)
Financing costs	(9,605)		—		—		—		(9,605)
Distributions from partnership	(2,500)		—		—		—		(2,500)
Other	(822)		(85)		—		—		(907)
Net cash provided by financing activities	236,645		(247,539)		(8,713)		2,836		(16,771)
Impact of cash on foreign currency	—		—		351		—		351
Net (decrease) increase in cash	98,600		4,799		627		2,836		106,862
Cash — Beginning of period	302,474		5,488		9,834		(6,477)		311,319
Cash — End of period	$	401,074	$	10,287	$	10,461	$	(3,641)	$	418,181