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GUARANTOR AND NON-GUARANTOR FINANCIAL INFORMATION - (Tables) - Summit Materials, LLC
 6 Months Ended
Jul. 01, 2023
Schedule of Condensed Consolidating Balance Sheets
Condensed Consolidating Balance Sheets
July 1, 2023
     
  Non-  
 Issuers
Guarantors 
Guarantors 
Eliminations 
Consolidated
Assets     
Current assets:     
Cash and cash equivalents$197,481 $5,698 $32,206 $(5,375)$230,010 
Accounts receivable, net603 341,501 28,491 (91)370,504 
Intercompany receivables311,267 1,985,385 — (2,296,652)— 
Cost and estimated earnings in excess of billings— 33,533 1,782 — 35,315 
Inventories— 239,848 6,427 — 246,275 
Other current assets11,596 11,143 1,459 — 24,198 
Total current assets520,947 2,617,108 70,365 (2,302,118)906,302 
Property, plant and equipment, net27,660 1,871,238 81,088 — 1,979,986 
Goodwill— 1,171,500 57,968 — 1,229,468 
Intangible assets, net— 65,279 4,435 — 69,714 
Operating lease right-of-use assets4,225 27,149 4,639 — 36,013 
Other assets5,016,546 216,720 810 (5,185,889)48,187 
Total assets$5,569,378 $5,968,994 $219,305 $(7,488,007)$4,269,670 
Liabilities and Members' Interest
Current liabilities:
Current portion of debt$5,096 $— $— $— $5,096 
Current portion of acquisition-related liabilities— 7,243 — — 7,243 
Accounts payable5,622 153,815 11,730 (91)171,076 
Accrued expenses64,653 82,359 3,108 (5,375)144,745 
Current operating lease liabilities946 6,099 662 — 7,707 
Intercompany payables1,776,656 516,160 3,836 (2,296,652)— 
Billings in excess of costs and estimated earnings— 6,313 741 — 7,054 
Total current liabilities1,852,973 771,989 20,077 (2,302,118)342,921 
Long-term debt1,487,289 — — — 1,487,289 
Acquisition-related liabilities— 23,503 — — 23,503 
Noncurrent operating lease liabilities8,315 21,355 3,893 — 33,563 
Other noncurrent liabilities5,497 208,578 117,436 (164,421)167,090 
Total liabilities3,354,074 1,025,425 141,406 (2,466,539)2,054,366 
Total members' interest2,215,304 4,943,569 77,899 (5,021,468)2,215,304 
Total liabilities and members' interest$5,569,378 $5,968,994 $219,305 $(7,488,007)$4,269,670 
        
Condensed Consolidating Balance Sheets
December 31, 2022
 
     
  Non-  
 Issuers
Guarantors 
Guarantors 
Eliminations 
Consolidated
Assets     
Current assets:     
Cash and cash equivalents$498,307 $2,864 $26,298 $(7,018)$520,451 
Accounts receivable, net1,528 233,039 22,127 (25)256,669 
Intercompany receivables329,744 1,937,390 — (2,267,134)— 
Cost and estimated earnings in excess of billings— 5,861 649 — 6,510 
Inventories— 206,418 6,073 — 212,491 
Other current assets4,755 16,341 1,159 — 22,255 
Total current assets834,334 2,401,913 56,306 (2,274,177)1,018,376 
Property, plant and equipment, net21,306 1,710,972 81,424 — 1,813,702 
Goodwill— 1,076,935 56,611 — 1,133,546 
Intangible assets, net— 66,972 4,412 — 71,384 
Operating lease right-of-use assets4,665 28,310 4,914 — 37,889 
Other assets4,599,488 204,644 1,220 (4,760,543)44,809 
Total assets$5,459,793 $5,489,746 $204,887 $(7,034,720)$4,119,706 
Liabilities and Members' Interest
Current liabilities:
Current portion of debt$5,096 $— $— $— $5,096 
Current portion of acquisition-related liabilities— 13,718 — — 13,718 
Accounts payable3,553 93,096 7,806 (25)104,430 
Accrued expenses54,417 70,433 2,876 (7,018)120,708 
Current operating lease liabilities921 5,637 738 — 7,296 
Intercompany payables1,750,352 513,494 3,288 (2,267,134)— 
Billings in excess of costs and estimated earnings— 4,956 783 — 5,739 
Total current liabilities1,814,339 701,334 15,491 (2,274,177)256,987 
Long-term debt1,488,569 — — — 1,488,569 
Acquisition-related liabilities— 29,051 — — 29,051 
Noncurrent operating lease liabilities8,726 22,871 4,140 — 35,737 
Other noncurrent liabilities5,009 208,185 117,439 (164,421)166,212 
Total liabilities3,316,643 961,441 137,070 (2,438,598)1,976,556 
Total members' interest2,143,150 4,528,305 67,817 (4,596,122)2,143,150 
Total liabilities and members' interest$5,459,793 $5,489,746 $204,887 $(7,034,720)$4,119,706 
Schedule of Condensed Consolidating Statements of Operations
Condensed Consolidating Statements of Operations
For the six months ended July 1, 2023
 
     
  Non-  
 Issuers
Guarantors 
Guarantors 
Eliminations
Consolidated 
Revenue$— $1,104,334 $62,562 $(2,358)$1,164,538 
Cost of revenue (excluding items shown separately below)— 805,079 43,719 (2,358)846,440 
General and administrative expenses33,873 60,955 3,431 — 98,259 
Depreciation, depletion, amortization and accretion2,022 98,071 5,588 — 105,681 
Operating (loss) income(35,895)140,229 9,824 — 114,158 
Other income, net(179,850)(1,547)(1,109)171,811 (10,695)
Interest expense (income)80,276 (27,694)2,740 — 55,322 
Income from operation before taxes63,679 169,470 8,193 (171,811)69,531 
Income tax expense800 3,635 2,217 — 6,652 
Net income attributable to Summit LLC$62,879 $165,835 $5,976 $(171,811)$62,879 
Comprehensive income attributable to member of Summit Materials, LLC$66,984 $165,835 $1,871 $(167,706)$66,984 
Condensed Consolidating Statements of Operations
For the three months ended July 2, 2022

Non-
IssuersGuarantors GuarantorsEliminationsConsolidated
Revenue$— $656,952 $33,762 $(4,160)$686,554 
Cost of revenue (excluding items shown separately below)— 464,383 23,982 (4,160)484,205 
General and administrative expenses15,919 26,426 1,611 — 43,956 
Depreciation, depletion, amortization and accretion769 43,342 3,046 — 47,157 
Operating (loss) income(16,688)122,801 5,123 — 111,236 
Other (income) loss, net(166,798)(433)96 166,158 (977)
Interest expense (income)33,579 (14,350)1,370 — 20,599 
Gain on sale of business(126,601)(29,452)— — (156,053)
Income from operation before taxes243,132 167,036 3,657 (166,158)247,667 
Income tax expense1,031 3,548 987 — 5,566 
Net income attributable to Summit LLC$242,101 $163,488 $2,670 $(166,158)$242,101 
Comprehensive income attributable to member of Summit Materials, LLC$236,491 $163,488 $8,280 $(171,768)$236,491 

Condensed Consolidating Statements of Operations
For the six months ended July 2, 2022
 
     
  Non-  
 Issuers
Guarantors 
GuarantorsEliminationsConsolidated
Revenue$— $1,052,132 $60,859 $(5,490)$1,107,501 
Cost of revenue (excluding items shown separately below)— 798,647 44,428 (5,490)837,585 
General and administrative expenses33,223 58,099 3,303 — 94,625 
Depreciation, depletion, amortization and accretion1,518 90,839 5,993 — 98,350 
Operating (loss) income(34,741)104,547 7,135 — 76,941 
Other (income) loss, net(172,716)(986)89 171,940 (1,673)
Interest expense (income)67,481 (29,473)2,740 — 40,748 
Gain on sale of business(126,601)(43,657)— — (170,258)
Income from operation before taxes197,095 178,663 4,306 (171,940)208,124 
Income tax expense1,381 9,866 1,163 — 12,410 
Net income attributable to Summit LLC$195,714 $168,797 $3,143 $(171,940)$195,714 
Comprehensive income attributable to member of Summit Materials, LLC$191,848 $168,797 $7,009 $(175,806)$191,848 
Schedule of Condensed Consolidating Statements of Cash Flows
Condensed Consolidating Statements of Cash Flows
For the six months ended July 1, 2023
 
     
  Non-  
 Issuers
Guarantors 
GuarantorsEliminationsConsolidated
Net cash (used in) provided by operating activities$(62,840)$146,620 $10,262 $— $94,042 
Cash flow from investing activities:
Acquisitions, net of cash acquired— (237,666)— — (237,666)
Purchase of property, plant and equipment(6,350)(117,310)(3,233)— (126,893)
Proceeds from the sale of property, plant, and equipment— 5,435 325 — 5,760 
Other— (1,852)— — (1,852)
Net cash used in investing activities(6,350)(351,393)(2,908)— (360,651)
Cash flow from financing activities:
Capital distributions to member(239,264)239,348 — — 84 
Loans received from and payments made on loans from other Summit Companies13,332 (12,997)(1,978)1,643 — 
Payments on long-term debt(2,548)(4,172)— — (6,720)
Payments on acquisition-related liabilities— (11,539)— — (11,539)
Debt issuance costs(1,566)— — — (1,566)
Other(1,590)(3,033)(215)— (4,838)
Net cash (used in) provided by financing activities(231,636)207,607 (2,193)1,643 (24,579)
Impact of cash on foreign currency— — 747 — 747 
Net (decrease) increase in cash(300,826)2,834 5,908 1,643 (290,441)
Cash — Beginning of period498,307 2,864 26,298 (7,018)520,451 
Cash — End of period$197,481 $5,698 $32,206 $(5,375)$230,010 
Condensed Consolidating Statements of Cash Flows
For the six months ended July 2, 2022
 
     
  Non-  
 Issuers
Guarantors 
GuarantorsEliminationsConsolidated
Net cash (used in) provided by operating activities$(63,758)$73,145 $6,867 $— $16,254 
Cash flow from investing activities:
Acquisitions, net of cash acquired— (1,933)— — (1,933)
Purchase of property, plant and equipment(5,657)(121,589)(2,334)— (129,580)
Proceeds from the sale of property, plant, and equipment— 5,182 245 — 5,427 
Proceeds from the sale of a business— 341,741 — — 341,741 
Other— (1,098)— — (1,098)
Net cash (used in) provided by investing activities(5,657)222,303 (2,089)— 214,557 
Cash flow from financing activities:
Capital distributions to member(49,319)1,933 — — (47,386)
Loans received from and payments made on loans from other Summit Companies275,632 (273,262)(2,991)621 — 
Payments on long-term debt(75,553)(11,268)— — (86,821)
Payments on acquisition-related liabilities— (11,577)— — (11,577)
Distributions from partnership(25)— — — (25)
Other(187)— — — (187)
Net cash provided by (used in) financing activities150,548 (294,174)(2,991)621 (145,996)
Impact of cash on foreign currency— — (461)— (461)
Net increase in cash81,133 1,274 1,326 621 84,354 
Cash — Beginning of period365,044 2,264 18,337 (4,684)380,961 
Cash — End of period$446,177 $3,538 $19,663 $(4,063)$465,315