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GUARANTOR AND NON-GUARANTOR FINANCIAL INFORMATION - (Tables) - Summit Materials, LLC
 9 Months Ended
Oct. 02, 2021
Condensed Consolidating Balance Sheets
Condensed Consolidating Balance Sheets
October 2, 2021
     
  Non-  
 Issuers
Guarantors 
Guarantors 
Eliminations 
Consolidated
Assets     
Current assets:     
Cash and cash equivalents$241,285 $1,818 $17,660 $(2,680)$258,083 
Accounts receivable, net63 309,930 23,507 (149)333,351 
Intercompany receivables375,735 1,587,227 — (1,962,962)— 
Cost and estimated earnings in excess of billings— 32,632 1,549 — 34,181 
Inventories— 189,170 6,142 — 195,312 
Other current assets3,272 9,799 784 — 13,855 
Total current assets620,355 2,130,576 49,642 (1,965,791)834,782 
Property, plant and equipment, net6,382 1,744,803 89,954 — 1,841,139 
Goodwill— 1,115,340 60,515 — 1,175,855 
Intangible assets, net— 65,358 4,980 — 70,338 
Operating lease right-of-use assets1,908 20,381 5,050 — 27,339 
Other assets4,322,784 216,523 1,102 (4,482,602)57,807 
Total assets$4,951,429 $5,292,981 $211,243 $(6,448,393)$4,007,260 
Liabilities and Members' Interest
Current liabilities:
Current portion of debt$6,354 $— $— $— $6,354 
Current portion of acquisition-related liabilities— 12,809 — — 12,809 
Accounts payable5,054 138,423 13,202 (149)156,530 
Accrued expenses39,884 98,013 2,392 (2,680)137,609 
Current operating lease liabilities967 5,153 698 — 6,818 
Intercompany payables1,462,313 498,077 2,572 (1,962,962)— 
Billings in excess of costs and estimated earnings— 10,852 779 — 11,631 
Total current liabilities1,514,572 763,327 19,643 (1,965,791)331,751 
Long-term debt1,591,989 — — — 1,591,989 
Acquisition-related liabilities— 33,223 — — 33,223 
Noncurrent operating lease liabilities1,832 15,562 4,202 — 21,596 
Other noncurrent liabilities4,846 230,981 119,105 (164,421)190,511 
Total liabilities3,113,239 1,043,093 142,950 (2,130,212)2,169,070 
Total members' interest1,838,190 4,249,888 68,293 (4,318,181)1,838,190 
Total liabilities and members' interest$4,951,429 $5,292,981 $211,243 $(6,448,393)$4,007,260 
        
Condensed Consolidating Balance Sheets
January 2, 2021
 
     
  Non-  
 Issuers
Guarantors 
Guarantors 
Eliminations 
Consolidated
Assets     
Current assets:     
Cash and cash equivalents$401,074 $10,287 $10,461 $(3,641)$418,181 
Accounts receivable, net4 230,199 24,384 109 254,696 
Intercompany receivables404,459 1,303,293 — (1,707,752)— 
Cost and estimated earnings in excess of billings— 7,504 1,162 — 8,666 
Inventories— 193,417 6,891 — 200,308 
Other current assets2,840 6,797 1,791 — 11,428 
Total current assets808,377 1,751,497 44,689 (1,711,284)893,279 
Property, plant and equipment, net9,410 1,746,045 94,714 — 1,850,169 
Goodwill— 1,142,083 60,208 — 1,202,291 
Intangible assets, net— 47,852 — — 47,852 
Operating lease right-of-use assets2,615 21,880 4,048 — 28,543 
Other assets4,022,729 207,699 493 (4,175,921)55,000 
Total assets$4,843,131 $4,917,056 $204,152 $(5,887,205)$4,077,134 
Liabilities and Members' Interest
Current liabilities:
Current portion of debt$6,354 $— $— $— $6,354 
Current portion of acquisition-related liabilities— 7,827 — — 7,827 
Accounts payable3,889 108,805 8,619 109 121,422 
Accrued expenses54,108 106,320 4,014 (3,641)160,801 
Current operating lease liabilities913 6,114 1,161 — 8,188 
Intercompany payables1,215,043 485,401 7,308 (1,707,752)— 
Billings in excess of costs and estimated earnings— 15,508 991 — 16,499 
Total current liabilities1,280,307 729,975 22,093 (1,711,284)321,091 
Long-term debt1,892,347 — — — 1,892,347 
Acquisition-related liabilities— 12,246 — — 12,246 
Noncurrent operating lease liabilities2,567 16,062 2,871 — 21,500 
Other noncurrent liabilities5,142 208,540 117,921 (164,421)167,182 
Total liabilities3,180,363 966,823 142,885 (1,875,705)2,414,366 
Total members' interest1,662,768 3,950,233 61,267 (4,011,500)1,662,768 
Total liabilities and members' interest$4,843,131 $4,917,056 $204,152 $(5,887,205)$4,077,134 
Condensed Consolidating Statements of Operations
Condensed Consolidating Statements of Operations
For the nine months ended October 2, 2021
 
     
  Non-  
 Issuers
Guarantors 
Guarantors 
Eliminations
Consolidated 
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 Operations
For the three months ended September 26, 2020

Non-
IssuersGuarantors GuarantorsEliminationsConsolidated
Revenue$— $689,842 $23,780 $(4,003)$709,619 
Cost of revenue (excluding items shown separately below)— 489,318 16,277 (4,003)501,592 
General and administrative expenses23,955 23,952 1,449 — 49,356 
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
 
     
  Non-  
 Issuers
Guarantors 
GuarantorsEliminationsConsolidated
Revenue$— $1,659,526 $61,556 $(13,264)$1,707,818 
Cost of revenue (excluding items shown separately below)— 1,228,076 43,651 (13,264)1,258,463 
General and administrative expenses50,964 71,282 4,392 — 126,638 
Depreciation, depletion, amortization and accretion2,960 156,697 4,103 — 163,760 
Operating (loss) income(53,924)203,471 9,410 — 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 taxes85,698 226,556 5,359 (237,774)79,839 
Income tax expense (benefit)982 (7,383)1,524 — (4,877)
Net income attributable to Summit LLC$84,716 $233,939 $3,835 $(237,774)$84,716 
Comprehensive income attributable to member of Summit Materials, LLC$81,321 $233,939 $7,230 $(241,169)$81,321 
Condensed Consolidating Statements of Cash Flows
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 
Condensed Consolidating Statements of Cash Flows
For the nine months ended September 26, 2020
 
     
  Non-  
 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)
Financing 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