REVENUE RECOGNITION

6 Months Ended

Jul. 01, 2023

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 and six months ended July 1, 2023 and July 2, 2022 is as follows:

	Three months ended				Six months ended
	July 1, 2023		July 2, 2022		July 1, 2023		July 2, 2022
Revenue by product*:
Aggregates	$	182,512	$	161,480	$	326,165	$	284,873
Cement	103,607		86,815		152,620		129,369
Ready-mix concrete	199,570		183,357		338,348		340,920
Asphalt	91,809		94,141		118,444		111,279
Paving and related services	89,374		98,610		116,558		129,220
Other	62,278		62,151		112,403		111,840
Total revenue	$	729,150	$	686,554	$	1,164,538	$	1,107,501

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

Accounts receivable, net consisted of the following as of July 1, 2023 and December 31, 2022: 

	July 1, 2023		December 31, 2022
Trade accounts receivable	$	314,590	$	215,766
Construction contract receivables	52,932		37,067
Retention receivables	10,461		11,048
Accounts receivable	377,983		263,881
Less: Allowance for doubtful accounts	(7,479)		(7,212)
Accounts receivable, net	$	370,504	$	256,669

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 and six months ended July 1, 2023 and July 2, 2022 is as follows:

	Three months ended				Six months ended
	July 1, 2023		July 2, 2022		July 1, 2023		July 2, 2022
Revenue by product*:
Aggregates	$	182,512	$	161,480	$	326,165	$	284,873
Cement	103,607		86,815		152,620		129,369
Ready-mix concrete	199,570		183,357		338,348		340,920
Asphalt	91,809		94,141		118,444		111,279
Paving and related services	89,374		98,610		116,558		129,220
Other	62,278		62,151		112,403		111,840
Total revenue	$	729,150	$	686,554	$	1,164,538	$	1,107,501

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

Accounts receivable, net consisted of the following as of July 1, 2023 and December 31, 2022:

	July 1, 2023		December 31, 2022
Trade accounts receivable	$	314,590	$	215,766
Construction contract receivables	52,932		37,067
Retention receivables	10,461		11,048
Accounts receivable	377,983		263,881
Less: Allowance for doubtful accounts	(7,479)		(7,212)
Accounts receivable, net	$	370,504	$	256,669

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.