REVENUE RECOGNITION

3 Months Ended

Apr. 02, 2022

Revenue from External Customer [Line Items]

REVENUE RECOGNITION

REVENUE RECOGNITION

We derive our revenue predominantly by selling construction materials, products and providing paving and related services. Construction materials consist of aggregates and cement. Products consist of related downstream products, including ready-mix concrete, asphalt paving mix and concrete products. Paving and related service revenue is generated primarily from the asphalt paving services that we provide.

Revenue by product for the three months ended April 2, 2022 and April 3, 2021 is as follows:

	Three months ended
	April 2, 2022		April 3, 2021
Revenue by product*:
Aggregates	$	123,393	$	117,388
Cement	42,554		38,139
Ready-mix concrete	157,563		158,233
Asphalt	17,138		28,375
Paving and related services	30,610		43,215
Other	49,689		42,494
Total revenue	$	420,947	$	427,844

*Revenue from liquid asphalt terminals is included in asphalt revenue.

Accounts receivable, net consisted of the following as of April 2, 2022 and January 1, 2022: 

	April 2, 2022		January 1, 2022
Trade accounts receivable	$	217,435	$	230,714
Construction contract receivables	16,243		47,054
Retention receivables	10,354		13,094
Receivables from related parties	—		292
Accounts receivable	244,032		291,154
Less: Allowance for doubtful accounts	(4,193)		(3,928)
Accounts receivable, net	$	239,839	$	287,226

Retention receivables are amounts earned by the Company but held by customers until paving and related service contracts and projects are near completion or fully completed. Amounts are generally billed and collected within one year.

Summit Materials, LLC

Revenue from External Customer [Line Items]

REVENUE RECOGNITION

REVENUE RECOGNITION

We derive our revenue predominantly by selling construction materials, products and providing paving and related services. Construction materials consist of aggregates and cement. Products consist of related downstream products, including ready-mix concrete, asphalt paving mix and concrete products. Paving and related service revenue is generated primarily from the asphalt paving services that we provide.

Revenue by product for the three months ended April 2, 2022 and April 3, 2021 is as follows:

	Three months ended
	April 2, 2022		April 3, 2021
Revenue by product*:
Aggregates	$	123,393	$	117,388
Cement	42,554		38,139
Ready-mix concrete	157,563		158,233
Asphalt	17,138		28,375
Paving and related services	30,610		43,215
Other	49,689		42,494
Total revenue	$	420,947	$	427,844

*Revenue from liquid asphalt terminals is included in asphalt revenue.

Accounts receivable, net consisted of the following as of April 2, 2022 and January 1, 2022:

	April 2, 2022		January 1, 2022
Trade accounts receivable	$	217,435	$	230,714
Construction contract receivables	16,243		47,054
Retention receivables	10,354		13,094
Receivables from related parties	—		292
Accounts receivable	244,032		291,154
Less: Allowance for doubtful accounts	(4,193)		(3,928)
Accounts receivable, net	$	239,839	$	287,226

Retention receivables are amounts earned by the Company but held by customers until paving and related service contracts and projects are near completion or fully completed. Amounts are generally billed and collected within one year.