Senior Notes' Guarantor and Non-Guarantor Financial Information (Tables) - Summit Materials, LLC

12 Months Ended

Dec. 30, 2017

December 30, 2017


			100%
			Owned		Non-
	Issuers		Guarantors		Guarantors		Eliminations		Consolidated
Assets
Current assets:
Cash and cash equivalents	$	370,741	$	10,254	$	14,933	$	(12,372)	$	383,556
Accounts receivable, net		—		183,139		15,191		—		198,330
Intercompany receivables		573,301		484,747		—		(1,058,048)		—
Cost and estimated earnings in excess of billings		—		9,264		248		—		9,512
Inventories		—		180,283		4,156		—		184,439
Other current assets		1,167		6,354		243		—		7,764
Total current assets		945,209		874,041		34,771		(1,070,420)		783,601
Property, plant and equipment, net		9,259		1,569,118		37,047		—		1,615,424
Goodwill		—		976,206		61,114		—		1,037,320
Intangible assets, net		—		16,833		—		—		16,833
Other assets		2,890,674		162,711		1,271		(3,003,593)		51,063
Total assets	$	3,845,142	$	3,598,909	$	134,203	$	(4,074,013)	$	3,504,241
Liabilities and Member’s Interest
Current liabilities:
Current portion of debt	$	4,765	$	—	$	—	$	—	$	4,765
Current portion of acquisition-related liabilities		—		11,587		—		—		11,587
Accounts payable		3,976		89,912		6,749		—		100,637
Accrued expenses		47,047		79,372		2,227		(12,372)		116,274
Intercompany payables		684,057		369,918		4,073		(1,058,048)		—
Billings in excess of costs and estimated earnings		—		15,349		401		—		15,750
Total current liabilities		739,845		566,138		13,450		(1,070,420)		249,013
Long-term debt		1,810,833		—		—		—		1,810,833
Acquisition-related liabilities		—		52,239		—		—		52,239
Other noncurrent liabilities		2,870		193,801		75,209		(171,318)		100,562
Total liabilities		2,553,548		812,178		88,659		(1,241,738)		2,212,647
Total member's interest		1,291,594		2,786,731		45,544		(2,832,275)		1,291,594
Total liabilities and member’s interest	$	3,845,142	$	3,598,909	$	134,203	$	(4,074,013)	$	3,504,241

Condensed Consolidating Balance Sheets

December 31, 2016


			100%
			Owned		Non-
	Issuers		Guarantors		Guarantors		Eliminations		Consolidated
Assets
Current assets:
Cash and cash equivalents	$	133,862	$	4,820	$	14,656	$	(10,666)	$	142,672
Accounts receivable, net		—		155,389		7,090		(102)		162,377
Intercompany receivables		521,658		321,776		—		(843,434)		—
Cost and estimated earnings in excess of billings		—		6,830		620		—		7,450
Inventories		—		153,374		4,305		—		157,679
Other current assets		1,259		11,012		529		—		12,800
Total current assets		656,779		653,201		27,200		(854,202)		482,978
Property, plant and equipment, net		7,033		1,418,902		20,517		—		1,446,452
Goodwill		—		735,490		46,722		—		782,212
Intangible assets, net		—		17,989		—		—		17,989
Other assets		2,293,803		125,270		1,946		(2,374,230)		46,789
Total assets	$	2,957,615	$	2,950,852	$	96,385	$	(3,228,432)	$	2,776,420
Liabilities and Member’s Interest
Current liabilities:
Current portion of debt	$	6,500	$	—	$	—	$	—	$	6,500
Current portion of acquisition-related liabilities		1,000		20,663		—		—		21,663
Accounts payable		1,497		76,886		3,329		(102)		81,610
Accrued expenses		46,460		73,807		872		(10,666)		110,473
Intercompany payables		509,503		327,405		6,526		(843,434)		—
Billings in excess of costs and estimated earnings		—		15,242		214		—		15,456
Total current liabilities		564,960		514,003		10,941		(854,202)		235,702
Long-term debt		1,514,456		—		—		—		1,514,456
Acquisition-related liabilities		—		25,161		—		—		25,161
Other noncurrent liabilities		2,395		231,199		56,356		(165,242)		124,708
Total liabilities		2,081,811		770,363		67,297		(1,019,444)		1,900,027
Total member's interest		875,804		2,180,489		29,088		(2,208,988)		876,393
Total liabilities and member’s interest	$	2,957,615	$	2,950,852	$	96,385	$	(3,228,432)	$	2,776,420

Condensed Consolidating Statements of Operations and Comprehensive Loss

Year ended December 30, 2017


			100%
			Owned		Non-
	Issuers		Guarantors		Guarantors		Eliminations		Consolidated

Revenue	$	—		1,854,434		84,020		(5,879)	$	1,932,575
Cost of revenue (excluding items shown separately below)		—		1,227,037		60,619		(5,879)		1,281,777
General and administrative expenses		63,954		178,023		8,426		—		250,403
Depreciation, depletion, amortization and accretion		2,601		172,738		4,179		—		179,518
Operating (loss) income		(66,555)		276,636		10,796		—		220,877
Other income, net		(307,876)		(1,925)		(533)		309,860		(474)
Interest expense (income)		105,735		(2,415)		4,335		—		107,655
Income from operations before taxes		135,586		280,976		6,994		(309,860)		113,696
Income tax expense		1,518		(23,774)		1,911		—		(20,345)
Net income		134,068		304,750		5,083		(309,860)		134,041
Net loss attributable to noncontrolling interest		—		—		—		(27)		(27)
Net income attributable to member of Summit Materials, LLC	$	134,068	$	304,750	$	5,083	$	(309,833)	$	134,068
Comprehensive income (loss) attributable to member of Summit Materials, LLC	$	144,377	$	302,209	$	(2,685)	$	(299,524)	$	144,377

Condensed Consolidating Statements of Operations and Comprehensive Loss

Year ended December 31, 2016


			100%
			Owned		Non-
	Issuers		Guarantors		Guarantors		Eliminations		Consolidated

Revenue	$	—	$	1,586,858	$	47,064	$	(7,859)	$	1,626,063
Cost of revenue (excluding items shown separately below)		—		1,047,120		32,531		(7,859)		1,071,792
General and administrative expenses		91,533		152,402		6,374		—		250,309
Depreciation, depletion, amortization and accretion		2,410		142,773		4,117		—		149,300
Operating (loss) income		(93,943)		244,563		4,042		—		154,662
Other (income) expense, net		(239,082)		1,908		(326)		238,874		1,374
Interest expense		83,068		9,956		3,459		—		96,483
Income from operations before taxes		62,071		232,699		909		(238,874)		56,805
Income (benefit) tax benefit		—		(5,551)		269		—		(5,282)
Net income		62,071		238,250		640		(238,874)		62,087
Net income attributable to noncontrolling interest		—		—		—		16		16
Net income attributable to member of Summit Materials, LLC	$	62,071	$	238,250	$	640	$	(238,890)	$	62,071
Comprehensive income (loss) attributable to member of Summit Materials, LLC	$	63,093	$	239,353	$	(1,485)	$	(237,868)	$	63,093

Condensed Consolidating Statements of Operations and Comprehensive Loss

Year ended January 2, 2016



			100%
			Owned		Non-
	Issuers		Guarantors		Guarantors		Eliminations		Consolidated

Revenue	$	—	$	1,364,622	$	100,360	$	(32,685)	$	1,432,297
Cost of revenue (excluding items shown separately below)		—		958,144		64,803		(32,685)		990,262
General and administrative expenses		73,555		107,282		6,451		—		187,288
Depreciation, depletion, amortization and accretion		2,316		112,166		5,241		—		119,723
Operating (loss) income		(75,871)		187,030		23,865		—		135,024
Other income, net		(107,275)		9,938		294		166,632		69,589
Interest expense		27,222		52,970		3,565		—		83,757
(Loss) income from continuing operations before taxes		4,182		124,122		20,006		(166,632)		(18,322)
Income tax (benefit) expense		—		(18,664)		401		—		(18,263)
(Loss) income from operations		4,182		142,786		19,605		(166,632)		(59)
Income from discontinued operations		—		(2,415)		—		—		(2,415)
Net (loss) income		4,182		145,201		19,605		(166,632)		2,356
Net income attributable to noncontrolling interest		—		—		—		(1,826)		(1,826)
Net (loss) income attributable to member of Summit Materials, LLC	$	4,182	$	145,201	$	19,605	$	(164,806)	$	4,182
Comprehensive (loss) income attributable to member of Summit Materials, LLC	$	(8,738)	$	146,380	$	5,506	$	(151,886)	$	(8,738)

Condensed Consolidating Statements of Cash Flows

For the year ended December 30, 2017


			100%
			Owned		Non-
	Issuers		Guarantors		Guarantors		Eliminations		Consolidated

Net cash (used in) provided by operating activities	$	(127,102)	$	392,316	$	29,918	$	—	$	295,132
Cash flow from investing activities:
Acquisitions, net of cash acquired		(24,538)		(324,892)		(25,500)		—		(374,930)
Purchase of property, plant and equipment		(6,196)		(182,295)		(5,655)		—		(194,146)
Proceeds from the sale of property, plant, and equipment		—		16,822		250		—		17,072
Other		—		(471)		—		—		(471)
Net cash used for investing activities		(30,734)		(490,836)		(30,905)		—		(552,475)
Cash flow from financing activities:
Proceeds from investment by member		40,913		252,911		10,717		—		304,541
Capital issuance costs		(627)		—		—		—		(627)
Net proceeds from debt issuance		302,000		—		—		—		302,000
Loans received from and payments made on loans from other Summit Companies		119,858		(108,026)		(10,126)		(1,706)		—
Payments on long-term debt		(8,463)		(7,967)		(8)		—		(16,438)
Purchase of noncontrolling interests		—		(532)		—		—		(532)
Payments on acquisition-related liabilities		—		(32,150)		—		—		(32,150)
Debt issuance costs		(6,416)		—		—		—		(6,416)
Distributions from partnership		(51,986)		—		—		—		(51,986)
Other		(564)		(282)		(20)		—		(866)
Net cash provided by financing activities		394,715		103,954		563		(1,706)		497,526
Impact of cash on foreign currency		—		—		701		—		701
Net increase (decrease) in cash		236,879		5,434		277		(1,706)		240,884
Cash — Beginning of period		133,862		4,820		14,656		(10,666)		142,672
Cash — End of period	$	370,741	$	10,254	$	14,933	$	(12,372)	$	383,556

Condensed Consolidating Statements of Cash Flows

For the year ended December 31, 2016


			100%
			Owned		Non-
	Issuers		Guarantors		Guarantors		Eliminations		Consolidated

Net cash (used in) provided by operating activities	$	(132,328)	$	373,588	$	3,617	$	—	$	244,877
Cash flow from investing activities:
Acquisitions, net of cash acquired		(42,844)		(294,114)		—		—		(336,958)
Purchase of property, plant and equipment		(5,247)		(146,336)		(1,900)		—		(153,483)
Proceeds from the sale of property, plant, and equipment		—		16,606		262		—		16,868
Other		—		2,921		—		—		2,921
Net cash used for investing activities		(48,091)		(420,923)		(1,638)		—		(470,652)
Cash flow from financing activities:
Proceeds from investment by member		(502,140)		529,517		—		—		27,377
Capital issuance costs		(136)		—		—		—		(136)
Net proceeds from debt issuance		354,000		—		—		—		354,000
Loans received from and payments made on loans from other Summit Companies		440,738		(442,072)		400		934		—
Payments on long-term debt		(110,500)		(10,202)		—		—		(120,702)
Payments on acquisition-related liabilities		(400)		(29,140)		—		—		(29,540)
Financing costs		(5,801)		—		—		—		(5,801)
Distributions from partnership		(42,192)		—		—		—		(42,192)
Other		—		(16)		—		—		(16)
Net cash provided by financing activities		133,569		48,087		400		934		182,990
Impact of cash on foreign currency		—		—		69		—		69
Net (decrease) increase in cash		(46,850)		752		2,448		934		(42,716)
Cash — Beginning of period		180,712		4,068		12,208		(11,600)		185,388
Cash — End of period	$	133,862	$	4,820	$	14,656	$	(10,666)	$	142,672

Condensed Consolidating Statements of Cash Flows

For the year ended January 2, 2016



			100%
			Owned		Non-
	Issuers		Guarantors		Guarantors		Eliminations		Consolidated

Net cash (used in) provided by operating activities	$	(276,104)	$	356,187	$	18,287	$	(167)	$	98,203
Cash flow from investing activities:
Acquisitions, net of cash acquired		—		(510,017)		—		—		(510,017)
Purchase of property, plant and equipment		(5,636)		(81,980)		(1,334)		—		(88,950)
Proceeds from the sale of property, plant, and equipment		—		12,945		165		—		13,110
Other		—		1,510		—		—		1,510
Net cash used for investing activities		(5,636)		(577,542)		(1,169)		—		(584,347)
Cash flow from financing activities:
Proceeds from investment by member		(155,060)		662,826		—		—		507,766
Capital issuance costs		(12,930)		—		—		—		(12,930)
Net proceeds from debt issuance		1,748,875		—		—		—		1,748,875
Loans received from and payments made on loans from other Summit Companies		(208,459)		226,703		(12,700)		(5,544)		—
Payments on long-term debt		(859,796)		(646,746)		—		1,056		(1,505,486)
Payments on acquisition-related liabilities		(166)		(17,890)		—		—		(18,056)
Financing costs		(14,246)		—		—		—		(14,246)
Distributions from partnership		(46,603)		—		—		—		(46,603)
Other		—		(167)		—		167		—
Net cash provided by (used for) financing activities		451,615		224,726		(12,700)		(4,321)		659,320
Impact of cash on foreign currency		—		—		(1,003)		—		(1,003)
Net increase (decrease) in cash		169,875		3,371		3,415		(4,488)		172,173
Cash — Beginning of period		10,837		697		8,793		(7,112)		13,215
Cash — End of period	$	180,712	$	4,068	$	12,208	$	(11,600)	$	185,388