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GUARANTOR AND NON-GUARANTOR FINANCIAL INFORMATION - (Tables) - Summit Materials, LLC
 9 Months Ended
Sep. 26, 2020
Condensed Consolidating Balance Sheets
Condensed Consolidating Balance Sheets
September 26, 2020
  100%   
  OwnedNon-  
 Issuers
Guarantors 
Guarantors 
Eliminations 
Consolidated
Assets     
Current assets:     
Cash and cash equivalents$277,052 $3,350 $12,943 $(4,588)$288,757 
Accounts receivable, net1 289,977 19,486 (87)309,377 
Intercompany receivables424,533 1,128,619 — (1,553,152)— 
Cost and estimated earnings in excess of billings— 40,711 3,290 — 44,001 
Inventories— 203,217 6,557 — 209,774 
Other current assets2,219 9,724 1,689 — 13,632 
Total current assets703,805 1,675,598 43,965 (1,557,827)865,541 
Property, plant and equipment, net10,383 1,691,382 61,301 — 1,763,066 
Goodwill— 1,222,786 81,300 — 1,304,086 
Intangible assets, net— 37,923 — — 37,923 
Operating lease right-of-use assets2,793 21,647 4,111 — 28,551 
Other assets3,922,503 197,286 671 (4,068,357)52,103 
Total assets$4,639,484 $4,846,622 $191,348 $(5,626,184)$4,051,270 
Liabilities and Member’s Interest
Current liabilities:
Current portion of debt$7,942 $— $— $— $7,942 
Current portion of acquisition-related liabilities— 29,592 — — 29,592 
Accounts payable5,935 135,658 8,580 (87)150,086 
Accrued expenses37,693 105,201 5,989 (4,588)144,295 
Current operating lease liabilities874 6,239 1,080 — 8,193 
Intercompany payables1,072,127 469,880 11,145 (1,553,152)— 
Billings in excess of costs and estimated earnings— 13,139 1,086 — 14,225 
Total current liabilities1,124,571 759,709 27,880 (1,557,827)354,333 
Long-term debt1,893,212 — — — 1,893,212 
Acquisition-related liabilities— 12,876 — — 12,876 
Noncurrent operating lease liabilities2,801 15,600 2,926 — 21,327 
Other noncurrent liabilities4,389 207,881 107,162 (164,421)155,011 
Total liabilities3,024,973 996,066 137,968 (1,722,248)2,436,759 
Total member's interest1,614,511 3,850,556 53,380 (3,903,936)1,614,511 
Total liabilities and member’s interest$4,639,484 $4,846,622 $191,348 $(5,626,184)$4,051,270 
        
Condensed Consolidating Balance Sheets
December 28, 2019
 
  100%   
  OwnedNon-  
 Issuers
Guarantors 
Guarantors 
Eliminations 
Consolidated
Assets     
Current assets:     
Cash and cash equivalents$302,474 $5,488 $9,834 $(6,477)$311,319 
Accounts receivable, net— 234,053 19,236 (33)253,256 
Intercompany receivables443,323 942,385 — (1,385,708)— 
Cost and estimated earnings in excess of billings— 12,291 797 — 13,088 
Inventories— 199,794 4,993 — 204,787 
Other current assets1,763 10,308 1,760 — 13,831 
Total current assets747,560 1,404,319 36,620 (1,392,218)796,281 
Property, plant and equipment, net11,602 1,674,443 61,404 — 1,747,449 
Goodwill— 1,142,063 58,636 — 1,200,699 
Intangible assets, net— 23,498 — — 23,498 
Operating lease right-of-use assets3,316 24,551 4,910 — 32,777 
Other assets3,596,161 168,314 734 (3,709,690)55,519 
Total assets$4,358,639 $4,437,188 $162,304 $(5,101,908)$3,856,223 
Liabilities and Member’s Interest
Current liabilities:
Current portion of debt$7,942 $— $— $— $7,942 
Current portion of acquisition-related liabilities— 30,200 — — 30,200 
Accounts payable4,588 103,812 8,603 (33)116,970 
Accrued expenses51,043 72,970 2,701 (6,477)120,237 
Current operating lease liabilities764 6,571 1,092 — 8,427 
Intercompany payables922,356 447,827 15,525 (1,385,708)— 
Billings in excess of costs and estimated earnings— 12,183 1,681 — 13,864 
Total current liabilities986,693 673,563 29,602 (1,392,218)297,640 
Long-term debt1,851,057 — — — 1,851,057 
Acquisition-related liabilities— 17,666 — — 17,666 
Noncurrent operating lease liabilities3,480 18,047 3,854 — 25,381 
Other noncurrent liabilities4,259 203,919 80,169 (137,018)151,329 
Total liabilities2,845,489 913,195 113,625 (1,529,236)2,343,073 
Total member's interest1,513,150 3,523,993 48,679 (3,572,672)1,513,150 
Total liabilities and member’s interest$4,358,639 $4,437,188 $162,304 $(5,101,908)$3,856,223 
Condensed Consolidating Statements of Operations and Comprehensive Loss
Condensed Consolidating Statements of Operations
For the three months ended September 26, 2020

100%
OwnedNon-
IssuersGuarantors Guarantors EliminationsConsolidated 
Revenue$— $689,842 $23,780 $(4,003)$709,619 
Cost of revenue (excluding items shown separately below)— 458,028 14,979 (4,003)469,004 
General and administrative expenses23,955 55,242 2,747 — 81,944 
Depreciation, depletion, amortization and accretion980 55,542 1,532 — 58,054 
Operating (loss) income(24,935)121,030 4,522 — 100,617 
Other (income) loss, net(134,672)(889)(276)138,675 2,838 
Interest expense (income)31,170 (7,990)1,381 — 24,561 
Income from operation before taxes78,567 129,909 3,417 (138,675)73,218 
Income tax expense (benefit)243 (6,286)937 — (5,106)
Net income attributable to Summit LLC$78,324 $136,195 $2,480 $(138,675)$78,324 
Comprehensive income attributable to member of Summit Materials, LLC$80,342 $136,195 $462 $(136,657)$80,342 

Condensed Consolidating Statements of Operations
For the nine months ended September 26, 2020
 
  100%   
  OwnedNon-  
 Issuers
Guarantors 
Guarantors 
Eliminations
Consolidated 
Revenue$— $1,659,526 $61,556 $(13,264)$1,707,818 
Cost of revenue (excluding items shown separately below)— 1,138,689 39,892 (13,264)1,165,317 
General and administrative expenses50,964 160,670 8,150 — 219,784 
Depreciation, depletion, amortization and accretion2,960 156,697 4,103 — 163,760 
Operating (loss) income(53,924)203,470 9,411 — 158,957 
Other (income) loss, net(235,001)(1,733)271 237,774 1,311 
Interest expense (income)95,379 (21,352)3,780 — 77,807 
Income from operation before taxes85,698 226,555 5,360 (237,774)79,839 
Income tax expense (benefit)982 (7,383)1,524 — (4,877)
Net income attributable to Summit LLC$84,716 $233,938 $3,836 $(237,774)$84,716 
Comprehensive income attributable to member of Summit Materials, LLC$81,321 $233,938 $7,231 $(241,169)$81,321 
Condensed Consolidating Statements of Operations
For the three months ended September 28, 2019

100%
OwnedNon-
IssuersGuarantors GuarantorsEliminationsConsolidated
Revenue$— $706,999 $29,186 $(4,103)$732,082 
Cost of revenue (excluding items shown separately below)— 467,595 19,487 (4,103)482,979 
General and administrative expenses13,603 46,816 2,676 — 63,095 
Depreciation, depletion, amortization and accretion1,042 52,739 1,346 — 55,127 
Operating (loss) income(14,645)139,849 5,677 — 130,881 
Other (income) loss, net(132,261)(1,501)222 131,665 (1,875)
Interest expense (income)32,129 (4,532)1,203 — 28,800 
Income from operation before taxes85,487 145,882 4,252 (131,665)103,956 
Income tax expense288 17,325 1,144 — 18,757 
Net income attributable to Summit LLC$85,199 $128,557 $3,108 $(131,665)$85,199 
Comprehensive income attributable to member of Summit Materials, LLC$84,026 $128,402 $4,436 $(132,838)$84,026 

Condensed Consolidating Statements of Operations
For the nine months ended September 28, 2019
 
  100%   
  OwnedNon-  
 Issuers
Guarantors 
GuarantorsEliminationsConsolidated
Revenue$— $1,603,338 $70,321 $(8,047)$1,665,612 
Cost of revenue (excluding items shown separately below)— 1,114,401 49,122 (8,047)1,155,476 
General and administrative expenses37,887 146,136 8,341 — 192,364 
Depreciation, depletion, amortization and accretion2,986 156,827 4,327 — 164,140 
Operating (loss) income(40,873)185,974 8,531 — 153,632 
Other (income) loss, net(183,971)(6,427)(553)197,162 6,211 
Interest expense (income)94,848 (10,443)3,615 — 88,020 
Income from operation before taxes48,250 202,844 5,469 (197,162)59,401 
Income tax expense1,114 9,673 1,478 — 12,265 
Net income attributable to Summit LLC$47,136 $193,171 $3,991 $(197,162)$47,136 
Comprehensive income attributable to member of Summit Materials, LLC$50,251 $193,319 $728 $(194,047)$50,251 
Condensed Consolidating Statements of Cash Flows
Condensed Consolidating Statements of Cash Flows
For the nine months ended September 26, 2020
 
  100%   
  OwnedNon-  
 Issuers
Guarantors 
GuarantorsEliminationsConsolidated
Net cash (used in) provided by operating activities$(110,054)$288,198 $39,895 $— $218,039 
Cash flow from investing activities:
Acquisitions, net of cash acquired— (92,085)(31,110)— (123,195)
Purchase of property, plant and equipment(1,755)(136,670)(1,581)— (140,006)
Proceeds from the sale of property, plant, and equipment— 8,708 140 — 8,848 
Other— 1,395 — — 1,395 
Net cash used for investing activities(1,755)(218,652)(32,551)— (252,958)
Cash flow from financing activities:
Proceeds from investment by member(91,856)87,925 4,260 — 329 
Net proceeds from debt issuance700,000 — — — 700,000 
Loans received from and payments made on loans from other Summit Companies145,896 (139,650)(8,135)1,889 — 
Payments on long-term debt(654,765)(11,983)(144)— (666,892)
Payments on acquisition-related liabilities— (7,891)— — (7,891)
Debt issuance costs(9,565)— — — (9,565)
Distributions from partnership(2,500)— — — (2,500)
Other(823)(85)— — (908)
Net cash provided by (used in) financing activities86,387 (71,684)(4,019)1,889 12,573 
Impact of cash on foreign currency— — (216)— (216)
Net (decrease) increase in cash(25,422)(2,138)3,109 1,889 (22,562)
Cash — Beginning of period302,474 5,488 9,834 (6,477)311,319 
Cash — End of period$277,052 $3,350 $12,943 $(4,588)$288,757 
Condensed Consolidating Statements of Cash Flows
For the nine months ended September 28, 2019
 
  100%   
  OwnedNon-  
 Issuers
Guarantors 
GuarantorsEliminationsConsolidated
Net cash (used in) provided by operating activities$(85,516)$241,172 $8,187 $— $163,843 
Cash flow from investing activities:
Acquisitions, net of cash acquired— (2,842)— — (2,842)
Purchase of property, plant and equipment(1,166)(129,170)(9,426)— (139,762)
Proceeds from the sale of property, plant, and equipment— 12,950 85 — 13,035 
Other— (207)— — (207)
Net cash used for investing activities(1,166)(119,269)(9,341)— (129,776)
Cash flow from financing activities:
Proceeds from investment by member(35,581)38,140 — — 2,559 
Net proceeds from debt issuance300,000 — — — 300,000 
Loans received from and payments made on loans from other Summit Companies147,325 (147,782)506 (49)— 
Payments on long-term debt(254,765)(9,965)(176)— (264,906)
Payments on acquisition-related liabilities— (8,500)— — (8,500)
Financing costs(6,312)— — — (6,312)
Distributions from partnership(2,500)— — — (2,500)
Other(462)(39)— — (501)
Net cash provided by (used in) financing activities147,705 (128,146)330 (49)19,840 
Impact of cash on foreign currency— — 174 — 174 
Net increase (decrease) in cash61,023 (6,243)(650)(49)54,081 
Cash — Beginning of period117,219 8,440 7,719 (4,870)128,508 
Cash — End of period$178,242 $2,197 $7,069 $(4,919)$182,589