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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 28, 2019
Dec. 29, 2018
Dec. 30, 2017
Cash flow from operating activities:      
Net income $ 61,123 $ 36,330 $ 125,777
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation, depletion, amortization and accretion 222,862 208,772 193,107
Share-based compensation expense 20,403 25,378 21,140
Net gain on asset disposals (10,294) (30,093) (7,638)
Non-cash loss on debt financings 2,850 0 3,856
Change in deferred tax asset, net 16,012 57,490 (289,219)
Other (2,135) 2,018 (2,359)
(Increase) decrease in operating assets, net of acquisitions and dispositions:      
Accounts receivable, net (37,049) (5,796) (3,720)
Inventories 8,582 (11,598) (18,609)
Costs and estimated earnings in excess of billings 5,558 (8,702) (1,825)
Other current assets 5,465 (7,159) 8,703
Other assets 5,085 (106) (3,103)
(Decrease) increase in operating liabilities, net of acquisitions and dispositions:      
Accounts payable 18,903 (13,403) 6,192
Accrued expenses 7,640 (16,544) (7,006)
Billings in excess of costs and estimated earnings 1,988 (5,052) 109
Tax receivable agreement liability 17,291 (21,666) 273,194
Other liabilities (7,100) (501) (6,416)
Net cash provided by operating activities 337,184 209,368 292,183
Cash flow from investing activities:      
Acquisitions, net of cash acquired (5,392) (246,017) (374,930)
Purchases of property, plant and equipment (177,495) (220,685) (194,146)
Proceeds from the sale of property, plant and equipment 21,173 21,635 17,072
Proceeds from sale of business 0 21,564 0
Other (1,095) 3,804 (471)
Net cash used for investing activities (162,809) (419,699) (552,475)
Cash flow from financing activities:      
Proceeds from equity offerings 0 0 237,600
Capital issuance costs 0 0 (627)
Proceeds from debt issuances 300,000 64,500 302,000
Debt issuance costs (6,312) (550) (6,416)
Payments on debt (270,229) (85,042) (16,438)
Purchase of noncontrolling interests 0 0 (532)
Payments on acquisition-related liabilities (33,883) (36,504) (34,650)
Distributions from partnership 0 (69) (1,974)
Proceeds from stock option exercises 19,076 15,615 21,661
Other (502) (1,943) (869)
Net cash provided by (used in) financing activities 8,150 (43,993) 499,755
Impact of foreign currency on cash 286 (724) 701
Net increase (decrease) in cash 182,811 (255,048) 240,164
Cash and cash equivalents—beginning of period 128,508 383,556 143,392
Cash and cash equivalents—end of period 311,319 128,508 383,556
Summit Materials, LLC      
Cash flow from operating activities:      
Net income 88,597 63,837 134,041
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation, depletion, amortization and accretion 222,341 208,055 192,213
Share-based compensation expense 20,403 25,378 21,140
Net gain on asset disposals (10,294) (30,093) (7,638)
Non-cash loss on debt financings 2,850 0 3,856
Change in deferred tax asset, net 6,350 9,729 (23,070)
Other (2,135) 2,018 (2,359)
(Increase) decrease in operating assets, net of acquisitions and dispositions:      
Accounts receivable, net (37,049) (5,796) (3,720)
Inventories 8,582 (11,598) (18,609)
Costs and estimated earnings in excess of billings 5,558 (8,702) (1,825)
Other current assets 5,465 (7,159) 8,703
Other assets 5,085 (106) (3,103)
(Decrease) increase in operating liabilities, net of acquisitions and dispositions:      
Accounts payable 18,208 (13,989) 8,040
Accrued expenses 8,335 (16,653) (6,230)
Billings in excess of costs and estimated earnings 1,988 (5,052) 109
Other liabilities (7,100) (501) (6,416)
Net cash provided by operating activities 337,184 209,368 295,132
Cash flow from investing activities:      
Acquisitions, net of cash acquired (5,392) (246,017) (374,930)
Purchases of property, plant and equipment (177,495) (220,685) (194,146)
Proceeds from the sale of property, plant and equipment 21,173 21,635 17,072
Proceeds from sale of business 0 21,564 0
Other (1,095) 3,804 (471)
Net cash used for investing activities (162,809) (419,699) (552,475)
Cash flow from financing activities:      
Capital contributions by member 19,076 15,615 304,541
Capital issuance costs 0 0 (627)
Proceeds from debt issuances 300,000 64,500 302,000
Debt issuance costs (6,312) (550) (6,416)
Payments on debt (270,229) (85,042) (16,438)
Purchase of noncontrolling interests 0 0 (532)
Payments on acquisition-related liabilities (31,383) (34,004) (32,150)
Distributions from partnership (2,500) (2,569) (51,986)
Other (502) (1,943) (866)
Net cash provided by (used in) financing activities 8,150 (43,993) 497,526
Impact of foreign currency on cash 286 (724) 701
Net increase (decrease) in cash 182,811 (255,048) 240,884
Cash and cash equivalents—beginning of period 128,508 383,556 142,672
Cash and cash equivalents—end of period $ 311,319 $ 128,508 $ 383,556