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GUARANTOR AND NON-GUARANTOR FINANCIAL INFORMATION - (Tables) - Summit Materials, LLC
 9 Months Ended
Oct. 01, 2022
Condensed Consolidating Balance Sheets
Condensed Consolidating Balance Sheets
October 1, 2022
     
  Non-  
 Issuers
Guarantors 
Guarantors 
Eliminations 
Consolidated
Assets     
Current assets:     
Cash and cash equivalents$417,784 $1,800 $22,651 $(4,936)$437,299 
Accounts receivable, net884 335,650 27,517 (95)363,956 
Intercompany receivables338,861 1,824,615 — (2,163,476)— 
Cost and estimated earnings in excess of billings— 30,929 2,639 — 33,568 
Inventories— 196,350 6,433 — 202,783 
Other current assets4,969 15,215 1,153 — 21,337 
Total current assets762,498 2,404,559 60,393 (2,168,507)1,058,943 
Property, plant and equipment, net15,610 1,674,139 78,645 — 1,768,394 
Goodwill— 1,076,936 55,828 — 1,132,764 
Intangible assets, net— 62,868 4,385 — 67,253 
Operating lease right-of-use assets4,902 21,124 5,031 — 31,057 
Other assets4,467,294 198,135 875 (4,624,226)42,078 
Total assets$5,250,304 $5,437,761 $205,157 $(6,792,733)$4,100,489 
Liabilities and Members' Interest
Current liabilities:
Current portion of debt$6,354 $— $— $— $6,354 
Current portion of acquisition-related liabilities— 12,215 — — 12,215 
Accounts payable2,462 151,916 12,309 (95)166,592 
Accrued expenses36,384 90,110 3,085 (4,936)124,643 
Current operating lease liabilities834 4,892 755 — 6,481 
Intercompany payables1,646,848 514,590 2,038 (2,163,476)— 
Billings in excess of costs and estimated earnings— 6,314 829 — 7,143 
Total current liabilities1,692,882 780,037 19,016 (2,168,507)323,428 
Long-term debt1,492,429 — — — 1,492,429 
Acquisition-related liabilities— 23,953 — — 23,953 
Noncurrent operating lease liabilities9,013 16,778 4,154 — 29,945 
Other noncurrent liabilities4,754 221,041 118,134 (164,421)179,508 
Total liabilities3,199,078 1,041,809 141,304 (2,332,928)2,049,263 
Total members' interest2,051,226 4,395,952 63,853 (4,459,805)2,051,226 
Total liabilities and members' interest$5,250,304 $5,437,761 $205,157 $(6,792,733)$4,100,489 
        
Condensed Consolidating Balance Sheets
January 1, 2022
 
     
  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, 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
Condensed Consolidating Statements of Operations
For the three months ended October 1, 2022

Non-
IssuersGuarantors Guarantors EliminationsConsolidated 
Revenue$— $718,510 $37,112 $(2,875)$752,747 
Cost of revenue (excluding items shown separately below)— 511,848 25,963 (2,875)534,936 
General and administrative expenses9,138 27,717 1,761 — 38,616 
Depreciation, depletion, amortization and accretion822 48,442 2,869 — 52,133 
Operating (loss) income(9,960)130,503 6,519 — 127,062 
Other income, net(147,353)(399)(106)144,575 (3,283)
Interest expense (income)35,536 (14,926)1,370 — 21,980 
(Gain) loss on sale of business(5,120)1,005 — — (4,115)
Income from operation before taxes106,977 144,823 5,255 (144,575)112,480 
Income tax expense1,644 4,119 1,384 — 7,147 
Net income attributable to Summit LLC$105,333 $140,704 $3,871 $(144,575)$105,333 
Comprehensive income attributable to member of Summit Materials, LLC$95,086 $140,704 $14,118 $(154,822)$95,086 

Condensed Consolidating Statements of Operations
For the nine months ended October 1, 2022
 
     
  Non-  
 Issuers
Guarantors 
Guarantors 
Eliminations
Consolidated 
Revenue$— $1,770,642 $97,972 $(8,366)$1,860,248 
Cost of revenue (excluding items shown separately below)— 1,310,495 70,392 (8,366)1,372,521 
General and administrative expenses42,360 85,816 5,065 — 133,241 
Depreciation, depletion, amortization and accretion2,341 139,280 8,862 — 150,483 
Operating (loss) income(44,701)235,051 13,653 — 204,003 
Other income, net(320,069)(1,384)(17)316,514 (4,956)
Interest expense (income)103,017 (44,399)4,110 — 62,728 
Gain on sale of business(131,721)(42,652)— — (174,373)
Income from operation before taxes304,072 323,486 9,560 (316,514)320,604 
Income tax expense3,025 13,985 2,547 — 19,557 
Net income attributable to Summit LLC$301,047 $309,501 $7,013 $(316,514)$301,047 
Comprehensive income attributable to member of Summit Materials, LLC$286,934 $309,501 $21,126 $(330,627)$286,934 
Condensed Consolidating Statements of Operations
For the three months ended October 2, 2021

Non-
IssuersGuarantors GuarantorsEliminationsConsolidated
Revenue$— $686,736 $34,655 $(4,151)$717,240 
Cost of revenue (excluding items shown separately below)— 465,966 25,121 (4,151)486,936 
General and administrative expenses16,372 28,373 1,460 — 46,205 
Depreciation, depletion, amortization and accretion1,068 55,081 2,933 — 59,082 
Operating (loss) income(17,440)137,316 5,141 — 125,017 
Other (income) loss, net(141,753)(1,044)130 147,546 4,879 
Interest expense (income)35,033 (12,276)1,377 — 24,134 
Loss on sale of business— 113 — — 113 
Income from operation before taxes89,280 150,523 3,634 (147,546)95,891 
Income tax expense405 5,634 977 — 7,016 
Net income attributable to Summit LLC$88,875 $144,889 $2,657 $(147,546)$88,875 
Comprehensive income attributable to member of Summit Materials, LLC$84,799 $144,889 $6,733 $(151,622)$84,799 

Condensed Consolidating Statements of Operations
For the nine months ended October 2, 2021
 
     
  Non-  
 Issuers
Guarantors 
GuarantorsEliminationsConsolidated
Revenue$— $1,735,193 $87,982 $(10,174)$1,813,001 
Cost of revenue (excluding items shown separately below)— 1,247,002 64,518 (10,174)1,301,346 
General and administrative expenses51,555 87,968 2,600 — 142,123 
Depreciation, depletion, amortization and accretion3,273 161,783 8,595 — 173,651 
Operating (loss) income(54,828)238,440 12,269 — 195,881 
Other income, net(290,566)(9,784)(563)296,208 (4,705)
Interest expense (income)102,981 (34,635)4,128 — 72,474 
Gain on sale of business— (15,319)— — (15,319)
Income from operation before taxes132,757 298,178 8,704 (296,208)143,431 
Income tax expense1,857 8,314 2,360 — 12,531 
Net income attributable to Summit LLC$130,900 $289,864 $6,344 $(296,208)$130,900 
Comprehensive income attributable to member of Summit Materials, LLC$131,582 $289,864 $5,662 $(295,526)$131,582 
Condensed Consolidating Statements of Cash Flows
Condensed Consolidating Statements of Cash Flows
For the nine months ended October 1, 2022
 
     
  Non-  
 Issuers
Guarantors 
GuarantorsEliminationsConsolidated
Net cash (used in) provided by operating activities$(109,265)$225,563 $15,282 $— $131,580 
Cash flow from investing activities:
Acquisitions, net of cash acquired— (1,933)— — (1,933)
Purchase of property, plant and equipment(7,927)(177,028)(4,053)— (189,008)
Proceeds from the sale of property, plant, and equipment— 8,033 265 — 8,298 
Proceeds from the sale of a business5,924 367,866 — — 373,790 
Other— (2,214)— — (2,214)
Net cash (used for) provided by investing activities(2,003)194,724 (3,788)— 188,933 
Cash flow from financing activities:
Capital distributions to member(102,713)1,932 — — (100,781)
Loans received from and payments made on loans from other Summit Companies402,030 (396,330)(5,448)(252)— 
Payments on long-term debt(100,400)(13,369)— — (113,769)
Payments on acquisition-related liabilities— (12,964)— — (12,964)
Distributions from partnership(34,155)— — — (34,155)
Other(754)(20)— — (774)
Net cash provided by (used in) financing activities164,008 (420,751)(5,448)(252)(262,443)
Impact of cash on foreign currency— — (1,732)— (1,732)
Net increase (decrease) in cash52,740 (464)4,314 (252)56,338 
Cash — Beginning of period365,044 2,264 18,337 (4,684)380,961 
Cash — End of period$417,784 $1,800 $22,651 $(4,936)$437,299 
Condensed Consolidating Statements of Cash Flows
For the nine months ended October 2, 2021
 
     
  Non-  
 Issuers
Guarantors 
GuarantorsEliminationsConsolidated
Net cash (used in) provided by operating activities$(121,357)$304,403 $24,327 $— $207,373 
Cash flow from investing activities:
Acquisitions, net of cash acquired— (7,263)— — (7,263)
Purchase of property, plant and equipment(612)(161,224)(8,234)— (170,070)
Proceeds from the sale of property, plant, and equipment— 8,168 659 — 8,827 
Proceeds from the sale of a business— 103,649 — — 103,649 
Other— (459)— — (459)
Net cash used for investing activities(612)(57,129)(7,575)— (65,316)
Cash flow from financing activities:
Proceeds from investment by member29,650 2,766 — — 32,416 
Loans received from and payments made on loans from other Summit Companies240,746 (232,861)(8,846)961 — 
Payments on long-term debt(304,765)(18,393)(644)— (323,802)
Payments on acquisition-related liabilities— (7,255)— — (7,255)
Distributions from partnership(2,500)— — — (2,500)
Other(951)— — — (951)
Net cash used in financing activities(37,820)(255,743)(9,490)961 (302,092)
Impact of cash on foreign currency— — (63)— (63)
Net (decrease) increase in cash(159,789)(8,469)7,199 961 (160,098)
Cash — Beginning of period401,074 10,287 10,461 (3,641)418,181 
Cash — End of period$241,285 $1,818 $17,660 $(2,680)$258,083