XML 85 R67.htm IDEA: XBRL DOCUMENT v3.22.2.2
GUARANTOR AND NON-GUARANTOR FINANCIAL INFORMATION - Schedule of Condensed Consolidating Statements of Operations (Details) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Oct. 01, 2022
Oct. 02, 2021
Oct. 01, 2022
Oct. 02, 2021
Condensed Consolidating Statements of Operations        
Revenue $ 752,747 $ 717,240 $ 1,860,248 $ 1,813,001
Cost of revenue (excluding items shown separately below) 534,936 486,936 1,372,521 1,301,346
Depreciation, depletion, amortization and accretion 52,133 59,082 150,483 173,651
Operating income 127,062 125,017 204,003 195,881
Other income, net (3,283) (1,137) (4,956) (10,721)
(Gain) loss on sale of businesses (4,115) 113 (174,373) (15,319)
Income from operations before taxes 112,480 95,891 319,650 143,369
Income tax expense 24,829 20,513 74,033 33,478
Net income (loss) attributable to Summit Inc/LLC 86,489 74,204 242,310 108,346
Comprehensive income attributable to member of Summit Materials, LLC 78,826 71,008 231,757 108,813
Summit Materials, LLC        
Condensed Consolidating Statements of Operations        
Revenue 752,747 717,240 1,860,248 1,813,001
Cost of revenue (excluding items shown separately below) 534,936 486,936 1,372,521 1,301,346
General and administrative expenses 38,616 46,205 133,241 142,123
Depreciation, depletion, amortization and accretion 52,133 59,082 150,483 173,651
Operating income 127,062 125,017 204,003 195,881
Other income, net (3,283) (1,137) (4,956) (10,721)
Other (income) loss, net   4,879   (4,705)
Interest expense (income) 21,980 24,134 62,728 72,474
(Gain) loss on sale of businesses (4,115) 113 (174,373) (15,319)
Income from operations before taxes 112,480 95,891 320,604 143,431
Income tax expense 7,147 7,016 19,557 12,531
Net income (loss) attributable to Summit Inc/LLC 105,333 88,875 301,047 130,900
Comprehensive income attributable to member of Summit Materials, LLC 95,086 84,799 286,934 131,582
Summit Materials, LLC | Eliminations        
Condensed Consolidating Statements of Operations        
Revenue (2,875) (4,151) (8,366) (10,174)
Cost of revenue (excluding items shown separately below) (2,875) (4,151) (8,366) (10,174)
General and administrative expenses 0 0 0 0
Depreciation, depletion, amortization and accretion 0 0 0 0
Operating income 0 0 0 0
Other income, net 144,575   316,514  
Other (income) loss, net   147,546   296,208
Interest expense (income) 0 0 0 0
(Gain) loss on sale of businesses 0 0 0 0
Income from operations before taxes (144,575) (147,546) (316,514) (296,208)
Income tax expense 0 0 0 0
Net income (loss) attributable to Summit Inc/LLC (144,575) (147,546) (316,514) (296,208)
Comprehensive income attributable to member of Summit Materials, LLC (154,822) (151,622) (330,627) (295,526)
Issuers | Summit Materials, LLC | Reportable Legal Entities        
Condensed Consolidating Statements of Operations        
Revenue 0 0 0 0
Cost of revenue (excluding items shown separately below) 0 0 0 0
General and administrative expenses 9,138 16,372 42,360 51,555
Depreciation, depletion, amortization and accretion 822 1,068 2,341 3,273
Operating income (9,960) (17,440) (44,701) (54,828)
Other income, net (147,353)   (320,069)  
Other (income) loss, net   (141,753)   (290,566)
Interest expense (income) 35,536 35,033 103,017 102,981
(Gain) loss on sale of businesses (5,120) 0 (131,721) 0
Income from operations before taxes 106,977 89,280 304,072 132,757
Income tax expense 1,644 405 3,025 1,857
Net income (loss) attributable to Summit Inc/LLC 105,333 88,875 301,047 130,900
Comprehensive income attributable to member of Summit Materials, LLC 95,086 84,799 286,934 131,582
Guarantors  | Summit Materials, LLC | Reportable Legal Entities        
Condensed Consolidating Statements of Operations        
Revenue 718,510 686,736 1,770,642 1,735,193
Cost of revenue (excluding items shown separately below) 511,848 465,966 1,310,495 1,247,002
General and administrative expenses 27,717 28,373 85,816 87,968
Depreciation, depletion, amortization and accretion 48,442 55,081 139,280 161,783
Operating income 130,503 137,316 235,051 238,440
Other income, net (399)   (1,384)  
Other (income) loss, net   (1,044)   (9,784)
Interest expense (income) (14,926) (12,276) (44,399) (34,635)
(Gain) loss on sale of businesses 1,005 113 (42,652) (15,319)
Income from operations before taxes 144,823 150,523 323,486 298,178
Income tax expense 4,119 5,634 13,985 8,314
Net income (loss) attributable to Summit Inc/LLC 140,704 144,889 309,501 289,864
Comprehensive income attributable to member of Summit Materials, LLC 140,704 144,889 309,501 289,864
Non-Guarantors | Summit Materials, LLC | Reportable Legal Entities        
Condensed Consolidating Statements of Operations        
Revenue 37,112 34,655 97,972 87,982
Cost of revenue (excluding items shown separately below) 25,963 25,121 70,392 64,518
General and administrative expenses 1,761 1,460 5,065 2,600
Depreciation, depletion, amortization and accretion 2,869 2,933 8,862 8,595
Operating income 6,519 5,141 13,653 12,269
Other income, net (106)   (17)  
Other (income) loss, net   130   (563)
Interest expense (income) 1,370 1,377 4,110 4,128
(Gain) loss on sale of businesses 0 0 0 0
Income from operations before taxes 5,255 3,634 9,560 8,704
Income tax expense 1,384 977 2,547 2,360
Net income (loss) attributable to Summit Inc/LLC 3,871 2,657 7,013 6,344
Comprehensive income attributable to member of Summit Materials, LLC $ 14,118 $ 6,733 $ 21,126 $ 5,662