v3.22.4
Segment Information (Tables)
 12 Months Ended
Dec. 31, 2022
Segment Reporting Information [Line Items]  
Summary of Financial Data for Company's Reportable Business Segments
The following tables display selected financial data for the Company’s reportable business segments as of and for the years ended December 31, 2022, January 1, 2022 and January 2, 2021: 
 202220212020
Revenue*:   
West$1,390,307 $1,262,061 $1,262,196 
East664,479 849,374 799,633 
Cement357,736 298,234 270,622 
Total revenue$2,412,522 $2,409,669 $2,332,451 
______________________
*       Intercompany sales are immaterial and the presentation above only reflects sales to external customers.
 202220212020
Income from operations before taxes$361,488 $198,637 $129,055 
Interest expense86,969 92,240 103,595 
Depreciation, depletion and amortization197,837 226,442 218,682 
Accretion2,613 2,924 2,638 
Loss on debt financings1,737 6,016 4,064 
Tax receivable agreement expense (benefit)1,566 (6,779)(7,559)
Loss (gain) on sale of businesses(172,389)(20,011)— 
Non-cash compensation18,347 19,705 28,857 
Other(6,692)908 2,957 
Total Adjusted EBITDA$491,476 $520,082 $482,289 
Total Adjusted EBITDA by Segment:
West$280,557 $271,560 $271,052 
East129,203 181,483 162,275 
Cement125,582 117,159 92,956 
Corporate and other(43,866)(50,120)(43,994)
Total Adjusted EBITDA$491,476 $520,082 $482,289 
 
 202220212020
Purchases of property, plant and equipment   
West$123,085 $94,056 $67,500 
East84,323 89,727 92,528 
Cement44,950 26,962 15,071 
Total reportable segments252,358 210,745 175,099 
Corporate and other14,375 1,237 2,150 
Total purchases of property, plant and equipment$266,733 $211,982 $177,249 
 
 202220212020
Depreciation, depletion, amortization and accretion:   
West$97,892 $99,470 $93,866 
East63,297 86,623 86,205 
Cement36,028 39,024 37,267 
Total reportable segments197,217 225,117 217,338 
Corporate and other3,233 4,249 3,982 
Total depreciation, depletion, amortization and accretion$200,450 $229,366 $221,320 
 
 202220212020
Total assets:   
West$1,565,776 $1,512,298 $1,503,382 
East1,151,223 1,292,638 1,303,742 
Cement873,604 844,086 850,835 
Total reportable segments3,590,603 3,649,022 3,657,959 
Corporate and other665,089 590,103 650,052 
Total$4,255,692 $4,239,125 $4,308,011 
Summit Materials, LLC  
Segment Reporting Information [Line Items]  
Summary of Financial Data for Company's Reportable Business Segments
The following tables display selected financial data for the Company’s reportable business segments as of and for the years ended December 31, 2022, January 1, 2022 and January 2, 2021:
 
 202220212020
Revenue*:
West$1,390,307 $1,262,061 $1,262,196 
East664,479 849,374 799,633 
Cement357,736 298,234 270,622 
Total revenue$2,412,522 $2,409,669 $2,332,451 
______________________
*   Intercompany sales are immaterial and the presentation above only reflects sales to external customers.
 202220212020
Income from operations before taxes$362,722 $191,920 $121,800 
Interest expense86,969 92,178 103,291 
Depreciation, depletion and amortization197,837 226,442 218,682 
Accretion2,613 2,924 2,638 
Loss on debt financings1,737 6,016 4,064 
Loss (gain) on sale of businesses(172,389)(20,011)— 
Non-cash compensation18,347 19,705 28,857 
Other(6,360)908 2,957 
Total Adjusted EBITDA$491,476 $520,082 $482,289 
Total Adjusted EBITDA by Segment:
West$280,557 $271,560 $271,052 
East129,203 181,483 162,275 
Cement125,582 117,159 92,956 
Corporate and other(43,866)(50,120)(43,994)
Total Adjusted EBITDA$491,476 $520,082 $482,289 
 
 202220212020
Purchases of property, plant and equipment
West$123,085 $94,056 $67,500 
East84,323 89,727 92,528 
Cement44,950 26,962 15,071 
Total reportable segments252,358 210,745 175,099 
Corporate and other14,375 1,237 2,150 
Total purchases of property, plant and equipment$266,733 $211,982 $177,249 
 
 202220212020
Depreciation, depletion, amortization and accretion:
West$97,892 $99,470 $93,866 
East63,297 86,623 86,205 
Cement36,028 39,024 37,267 
Total reportable segments197,217 225,117 217,338 
Corporate and other3,233 4,249 3,982 
Total depreciation, depletion, amortization and accretion$200,450 $229,366 $221,320 
 
 202220212020
Total assets:
West$1,565,776 $1,512,298 $1,503,382 
East1,151,223 1,292,638 1,303,742 
Cement873,604 844,086 850,835 
Total reportable segments3,590,603 3,649,022 3,657,959 
Corporate and other529,103 386,537 419,175 
Total$4,119,706 $4,035,559 $4,077,134