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SEGMENT INFORMATION
 6 Months Ended
Jul. 01, 2023
Segment Reporting Information [Line Items]  
SEGMENT INFORMATION SEGMENT INFORMATION
 
The Company has three operating segments: West, East and Cement, which are its reporting segments. These segments are consistent with the Company’s management reporting structure.
 
The operating results of each segment are regularly reviewed and evaluated by the Chief Executive Officer, our Company’s Chief Operating Decision Maker (“CODM”). The CODM primarily evaluates the performance of the Company’s segments and allocates resources to them based on a segment profit metric that we call Adjusted EBITDA, which is computed as earnings from operations before interest, taxes, depreciation, depletion, amortization, accretion, and share-based compensation, as well as various other non-recurring, non-cash amounts.
 
The West and East segments have several subsidiaries that are engaged in various activities including quarry mining, aggregate production and contracting. The Cement segment is engaged in the production of Portland cement. Assets employed by each segment include assets directly identified with those operations. Corporate assets consist primarily of cash, property, plant and equipment for corporate operations and other assets not directly identifiable with a reportable business segment. The accounting policies applicable to each segment are consistent with those used in the consolidated financial statements.
The following tables display selected financial data for the Company’s reportable business segments as of July 1, 2023 and December 31, 2022 and for the three and six months ended July 1, 2023 and July 2, 2022:
 
 Three months endedSix months ended
 July 1, 2023July 2, 2022July 1, 2023July 2, 2022
Revenue*:    
West$430,738 $383,750 $681,620 $635,982 
East186,537 209,153 316,926 331,643 
Cement111,875 93,651 165,992 139,876 
Total revenue$729,150 $686,554 $1,164,538 $1,107,501 
*Intercompany sales are immaterial and the presentation above only reflects sales to external customers.
 
 Three months endedSix months ended
 July 1, 2023July 2, 2022July 1, 2023July 2, 2022
Income from operations before taxes$107,209 $246,713 $69,531 $207,170 
Interest expense27,902 20,599 55,322 40,748 
Depreciation, depletion and amortization54,042 46,455 104,230 96,934 
Accretion745 702 1,451 1,416 
Loss on debt financings— — 493 — 
Tax receivable agreement expense— 954 — 954 
Gain on sale of businesses— (156,053)— (170,258)
Non-cash compensation5,216 4,734 9,924 10,156 
Other(3,369)(70)(8,005)177 
Total Adjusted EBITDA$191,745 $164,034 $232,946 $187,297 
Total Adjusted EBITDA by Segment:
West$104,517 $84,644 $137,195 $117,336 
East47,617 46,694 66,469 54,830 
Cement52,872 43,241 52,882 37,422 
Corporate and other(13,261)(10,545)(23,600)(22,291)
Total Adjusted EBITDA$191,745 $164,034 $232,946 $187,297 
 
 Six months ended
 July 1, 2023July 2, 2022
Purchases of property, plant and equipment  
West$70,687 $58,137 
East30,378 45,910 
Cement19,477 19,875 
Total reportable segments120,542 123,922 
Corporate and other6,351 5,658 
Total purchases of property, plant and equipment$126,893 $129,580 
 
 Three months endedSix months ended
 July 1, 2023July 2, 2022July 1, 2023July 2, 2022
Depreciation, depletion, amortization and accretion:    
West$28,144 $22,012 $54,517 $46,587 
East15,718 14,915 31,253 33,210 
Cement9,891 9,460 17,889 17,034 
Total reportable segments53,753 46,387 103,659 96,831 
Corporate and other1,034 770 2,022 1,519 
Total depreciation, depletion, amortization and accretion$54,787 $47,157 $105,681 $98,350 

 July 1, 2023December 31, 2022
Total assets:  
West$1,919,824 $1,565,776 
East1,181,536 1,151,223 
Cement924,766 873,604 
Total reportable segments4,026,126 3,590,603 
Corporate and other369,361 665,089 
Total$4,395,487 $4,255,692 
Summit Materials, LLC  
Segment Reporting Information [Line Items]  
SEGMENT INFORMATION SEGMENT INFORMATION
 
The Company has three operating segments: West, East and Cement, which are its reporting segments. These segments are consistent with the Company’s management reporting structure.
 
The operating results of each segment are regularly reviewed and evaluated by the Chief Executive Officer, our Company’s Chief Operating Decision Maker (“CODM”). The CODM primarily evaluates the performance of the Company’s segments and allocates resources to them based on a segment profit metric that we call Adjusted EBITDA, which is computed as earnings from operations before interest, taxes, depreciation, depletion, amortization, accretion and share-based compensation, as well as various other non-recurring, non-cash amounts.
 
The West and East segments have several subsidiaries that are engaged in various activities including quarry mining, aggregate production and contracting. The Cement segment is engaged in the production of Portland cement. Assets employed by each segment include assets directly identified with those operations. Corporate assets consist primarily of cash, property, plant and equipment for corporate operations and other assets not directly identifiable with a reportable business segment. The accounting policies applicable to each segment are consistent with those used in the consolidated financial statements.

The following tables display selected financial data for the Company’s reportable business segments as of July 1, 2023 and December 31, 2022 and for the three and six months ended July 1, 2023 and July 2, 2022:
 Three months endedSix months ended
 July 1, 2023July 2, 2022July 1, 2023July 2, 2022
Revenue*:    
West$430,738 $383,750 $681,620 $635,982 
East186,537 209,153 316,926 331,643 
Cement111,875 93,651 165,992 139,876 
Total revenue$729,150 $686,554 $1,164,538 $1,107,501 
*Intercompany sales are immaterial and the presentation above only reflects sales to external customers.
 
 Three months endedSix months ended
 July 1, 2023July 2, 2022July 1, 2023July 2, 2022
Income from operations before taxes$107,209 $247,667 $69,531 $208,124 
Interest expense27,902 20,599 55,322 40,748 
Depreciation, depletion and amortization54,042 46,455 104,230 96,934 
Accretion745 702 1,451 1,416 
Loss on debt financings— — 493 — 
Gain on sale of businesses— (156,053)— (170,258)
Non-cash compensation5,216 4,734 9,924 10,156 
Other(3,369)(70)(8,005)177 
Total Adjusted EBITDA$191,745 $164,034 $232,946 $187,297 
Total Adjusted EBITDA by Segment:
West$104,517 $84,644 $137,195 $117,336 
East47,617 46,694 66,469 54,830 
Cement52,872 43,241 52,882 37,422 
Corporate and other(13,261)(10,545)(23,600)(22,291)
Total Adjusted EBITDA$191,745 $164,034 $232,946 $187,297 
 
 Six months ended
July 1, 2023July 2, 2022
Purchases of property, plant and equipment  
West$70,687 $58,137 
East30,378 45,910 
Cement19,477 19,875 
Total reportable segments120,542 123,922 
Corporate and other6,351 5,658 
Total purchases of property, plant and equipment$126,893 $129,580 
 
 Three months endedSix months ended
 July 1, 2023July 2, 2022July 1, 2023July 2, 2022
Depreciation, depletion, amortization and accretion:    
West$28,144 $22,012 $54,517 $46,587 
East15,718 14,915 31,253 33,210 
Cement9,891 9,460 17,889 17,034 
Total reportable segments53,753 46,387 103,659 96,831 
Corporate and other1,034 770 2,022 1,519 
Total depreciation, depletion, amortization and accretion$54,787 $47,157 $105,681 $98,350 

July 1, 2023December 31, 2022
Total assets:  
West$1,919,824 $1,565,776 
East1,181,536 1,151,223 
Cement924,766 873,604 
Total reportable segments4,026,126 3,590,603 
Corporate and other243,544 529,103 
Total$4,269,670 $4,119,706