Acquisitions and Dispositions (Tables)
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12 Months Ended |
Dec. 31, 2022 |
Summary of Acquisitions by Region |
The following table summarizes the Company’s acquisitions by region and period: | | | | | | | | | | | | | | | | | | | | | | | 2022 | | 2021 | | 2020 | West | | — | | | — | | | 2 | | East | | 2 | | | 3 | | | 1 | | | | | | | | |
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Summary of Assets Acquired and Liabilities Assumed |
The purchase price allocation, primarily the valuation of property, plant and equipment for the acquisitions completed during the year end ended 2022 have not yet been finalized due to the recent timing of the acquisitions, status of the valuation of property, plant and equipment and finalization of related tax returns. The following table summarizes aggregated information regarding the fair values of the assets acquired and liabilities assumed as of the respective acquisition dates:
| | | | | | | | | | | | | | | | | 2022 | | 2021 | Financial assets | | $ | 297 | | | $ | — | | Inventories | | 161 | | | 2,406 | | Property, plant and equipment | | 30,041 | | | 19,668 | | Intangible assets | | — | | | 702 | | Other assets | | 1,116 | | | 98 | | Financial liabilities | | (1,120) | | | (1,742) | | Other long-term liabilities | | (1,589) | | | (470) | | Net assets acquired | | 28,906 | | | 20,662 | | Goodwill | | — | | | — | | Purchase price | | 28,906 | | | 20,662 | | Acquisition-related liabilities | | (6,176) | | | (1,149) | | Other | | — | | | — | | Net cash paid for acquisitions | | $ | 22,730 | | | $ | 19,513 | |
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Schedule of Remaining Payments Under Noncompete and Deferred Consideration Agreements |
The remaining payments due under these noncompete and deferred consideration agreements are as follows: | | | | | | | | 2023 | $ | 13,551 | | 2024 | 7,289 | | 2025 | 7,390 | | 2026 | 6,143 | | 2027 | 4,645 | | Thereafter | 6,196 | | Total scheduled payments | 45,214 | | Present value adjustments | (7,762) | | Total noncompete obligations and deferred consideration | $ | 37,452 | |
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Summit Materials, LLC |
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Summary of Acquisitions by Region |
The following table summarizes the Company’s acquisitions by region and period: | | | | | | | | | | | | | | | | | | | | | | | 2022 | | 2021 | | 2020 | West | | — | | | — | | | 2 | | East | | 2 | | | 3 | | | 1 | | | | | | | | |
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Summary of Assets Acquired and Liabilities Assumed |
The following table summarizes aggregated information regarding the fair values of the assets acquired and liabilities assumed as of the respective acquisition dates: | | | | | | | | | | | | | | | | | 2022 | | 2021 | Financial assets | | $ | 297 | | | $ | — | | Inventories | | 161 | | | 2,406 | | Property, plant and equipment | | 30,041 | | | 19,668 | | Intangible assets | | — | | | 702 | | Other assets | | 1,116 | | | 98 | | Financial liabilities | | (1,120) | | | (1,742) | | Other long-term liabilities | | (1,589) | | | (470) | | Net assets acquired | | 28,906 | | | 20,662 | | Goodwill | | — | | | — | | Purchase price | | 28,906 | | | 20,662 | | Acquisition-related liabilities | | (6,176) | | | (1,149) | | Other | | — | | | — | | Net cash paid for acquisitions | | $ | 22,730 | | | $ | 19,513 | |
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Schedule of Remaining Payments Under Noncompete and Deferred Consideration Agreements |
The remaining payments due under these noncompete and deferred consideration agreements are as follows: | | | | | | 2023 | $ | 13,551 | | 2024 | 7,289 | | 2025 | 7,390 | | 2026 | 6,143 | | 2027 | 4,645 | | Thereafter | 6,196 | | Total scheduled payments | 45,214 | | Present value adjustments | (7,762) | | Total noncompete obligations and deferred consideration | $ | 37,452 | |
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