v3.22.4
Senior Notes' Guarantor and Non-Guarantor Financial Information (Tables) - Summit Materials, LLC
 12 Months Ended
Dec. 31, 2022
Condensed Financial Statements, Captions [Line Items]  
Condensed Consolidating Balance Sheets
100%
OwnedNon-
IssuersGuarantorsGuarantorsEliminationsConsolidated
Assets
Current assets:
Cash and cash equivalents$498,307 $2,864 $26,298 $(7,018)$520,451 
Accounts receivable, net1,528 233,039 22,127 (25)256,669 
Intercompany receivables329,744 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 assets4,755 16,341 1,159 — 22,255 
Total current assets834,334 2,401,913 56,306 (2,274,177)1,018,376 
Property, plant and equipment, net21,306 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 assets4,665 28,310 4,914 — 37,889 
Other assets4,599,488 204,644 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 payable3,553 93,096 7,806 (25)104,430 
Accrued expenses54,417 70,433 2,876 (7,018)120,708 
Current operating lease liabilities921 5,637 738 — 7,296 
Intercompany payables1,750,352 513,494 3,288 (2,267,134)— 
Billings in excess of costs and estimated earnings— 4,956 783 — 5,739 
Total current liabilities1,814,339 701,334 15,491 (2,274,177)256,987 
Long-term debt1,488,569 — — — 1,488,569 
Acquisition-related liabilities— 29,051 — — 29,051 
Noncurrent operating lease liabilities8,726 22,871 4,140 — 35,737 
Other noncurrent liabilities5,009 208,185 117,439 (164,421)166,212 
Total liabilities3,316,643 961,441 137,070 (2,438,598)1,976,556 
Total members' interest2,143,150 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 
Condensed Consolidating Balance Sheets
January 1, 2022
 
100%
OwnedNon-
IssuersGuarantorsGuarantorsEliminationsConsolidated
Assets
Current assets:
Cash and cash equivalents$365,044 $2,264 $18,337 $(4,684)$380,961 
Accounts receivable, net94 264,888 22,185 59 287,226 
Intercompany receivables366,619 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 assets3,036 8,920 1,107 — 13,063 
Total current assets734,793 2,205,134 47,836 (2,118,153)869,610 
Property, plant and equipment, net10,013 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 assets5,612 19,693 4,845 — 30,150 
Other assets4,417,039 220,500 576 (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 payable6,284 114,405 8,095 59 128,843 
Accrued expenses55,440 94,858 2,522 (4,684)148,136 
Current operating lease liabilities780 5,053 664 — 6,497 
Intercompany payables1,607,816 502,334 3,378 (2,113,528)— 
Billings in excess of costs and estimated earnings— 6,960 441 — 7,401 
Total current liabilities1,676,674 736,720 15,100 (2,118,153)310,341 
Long-term debt1,591,019 — — — 1,591,019 
Acquisition-related liabilities— 33,369 — — 33,369 
Noncurrent operating lease liabilities9,647 15,101 4,132 — 28,880 
Other noncurrent liabilities5,173 227,348 118,906 (164,421)187,006 
Total liabilities3,282,513 1,012,538 138,138 (2,282,574)2,150,615 
Total members' interest1,884,944 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)$4,035,559 
Condensed Consolidating Statements of Operations and Comprehensive Income
100%
OwnedNon-
IssuersGuarantorsGuarantorsEliminationsConsolidated
Revenue$— $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 expenses63,279 110,141 6,428 — 179,848 
Depreciation, depletion, amortization and accretion3,232 185,883 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 taxes348,390 421,918 11,719 (419,305)362,722 
Income tax expense2,253 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 
Condensed Consolidating Statements of Operations and Comprehensive Income
Year ended January 1, 2022
 
100%
OwnedNon-
IssuersGuarantorsGuarantorsEliminationsConsolidated
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 expenses70,384 116,374 4,070 — 190,828 
Depreciation, depletion, amortization and accretion4,249 213,900 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 taxes173,144 396,088 11,128 (388,440)191,920 
Income tax expense2,173 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)$173,528 
Condensed Consolidating Statements of Operations and Comprehensive Income
Year ended January 2, 2021
100%
OwnedNon-
IssuersGuarantorsGuarantorsEliminationsConsolidated
Revenue$— $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 expenses72,504 96,526 6,274 — 175,304 
Depreciation, depletion, amortization and accretion3,983 210,038 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 taxes122,251 323,219 7,997 (331,667)121,800 
Income tax (benefit) expense1,514 (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)$123,125 
Condensed Consolidating Statements of Cash Flows
100%
OwnedNon-
IssuersGuarantorsGuarantorsEliminationsConsolidated
Net cash (used in) provided by operating activities$(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 business5,924 367,149 — — 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 Companies498,688 (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)
Other27 (54)— — (27)
Net cash provided by (used in) financing activities268,032 (498,578)(5,568)(2,334)(238,448)
Impact of cash on foreign currency— — (1,437)— (1,437)
Net increase in cash133,263 600 7,961 (2,334)139,490 
Cash — Beginning of period365,044 2,264 18,337 (4,684)380,961 
Cash — End of period$498,307 $2,864 $26,298 $(7,018)$520,451 
Condensed Consolidating Statements of Cash Flows
For the year ended January 1, 2022
 
100%
OwnedNon-
IssuersGuarantorsGuarantorsEliminationsConsolidated
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 member29,685 2,766 — — 32,451 
Loans received from and payments made on loans from other Summit Companies381,393 (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 activities101,215 (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 period401,074 10,287 10,461 (3,641)418,181 
Cash — End of period$365,044 $2,264 $18,337 $(4,684)$380,961 
Condensed Consolidating Statements of Cash Flows
For the year ended January 2, 2021
 
100%
OwnedNon-
IssuersGuarantorsGuarantorsEliminationsConsolidated
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 issuance700,000 — — — 700,000 
Loans received from and payments made on loans from other Summit Companies298,656 (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 activities236,645 (247,539)(8,713)2,836 (16,771)
Impact of cash on foreign currency— — 351 — 351 
Net (decrease) increase in cash98,600 4,799 627 2,836 106,862 
Cash — Beginning of period302,474 5,488 9,834 (6,477)311,319 
Cash — End of period$401,074 $10,287 $10,461 $(3,641)$418,181