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GUARANTOR AND NON-GUARANTOR FINANCIAL INFORMATION (Tables) - Summit Materials, LLC
 3 Months Ended
Mar. 30, 2024
Schedule of Condensed Consolidating Balance Sheets
Condensed Consolidating Balance Sheets
March 30, 2024
     
  Non-  
 Issuers
Guarantors 
Guarantors 
Eliminations 
Consolidated
Assets     
Current assets:     
Cash and cash equivalents$444,621 $3,035 $41,760 $(3,208)$486,208 
Accounts receivable, net1,723 433,440 19,613 23 454,799 
Intercompany receivables2,962,527 2,333,674 — (5,296,201)— 
Cost and estimated earnings in excess of billings— 10,722 959 — 11,681 
Inventories— 330,727 7,774 — 338,501 
Other current assets6,675 36,480 2,364 — 45,519 
Total current assets3,415,546 3,148,078 72,470 (5,299,386)1,336,708 
Property, plant and equipment, net43,770 4,292,849 80,736 — 4,417,355 
Goodwill— 1,934,795 56,687 — 1,991,482 
Intangible assets, net— 175,298 4,289 — 179,587 
Operating lease right-of-use assets8,539 76,672 4,040 — 89,251 
Other assets5,391,496 280,725 1,017 (5,442,343)230,895 
Total assets$8,859,351 $9,908,417 $219,239 $(10,741,729)$8,245,278 
Liabilities and Members' Interest
Current liabilities:
Current portion of debt$7,575 $— $— $— $7,575 
Current portion of acquisition-related liabilities— 8,993 — — 8,993 
Accounts payable33,255 249,732 8,053 (126)290,914 
Accrued expenses100,272 90,021 2,849 (3,208)189,934 
Current operating lease liabilities1,329 14,862 554 — 16,745 
Intercompany payables1,418,021 3,876,327 1,704 (5,296,052)— 
Billings in excess of costs and estimated earnings— 5,495 510 — 6,005 
Total current liabilities1,560,452 4,245,430 13,670 (5,299,386)520,166 
Long-term debt2,772,709 — — — 2,772,709 
Acquisition-related liabilities— 20,655 — — 20,655 
Noncurrent operating lease liabilities12,163 63,140 3,315 — 78,618 
Other noncurrent liabilities270,274 318,398 119,290 (98,585)609,377 
Total liabilities4,615,598 4,647,623 136,275 (5,397,971)4,001,525 
Total members' interest4,243,753 5,260,794 82,964 (5,343,758)4,243,753 
Total liabilities and members' interest$8,859,351 $9,908,417 $219,239 $(10,741,729)$8,245,278 
        
Condensed Consolidating Balance Sheets
December 30, 2023
 
     
  Non-  
 Issuers
Guarantors 
Guarantors 
Eliminations 
Consolidated
Assets     
Current assets:     
Cash and cash equivalents$310,410 $3,115 $44,899 $(2,755)$355,669 
Restricted cash800,000 — — — 800,000 
Accounts receivable, net6,441 255,836 24,998 (23)287,252 
Intercompany receivables1,087,570 2,331,879 — (3,419,449)— 
Cost and estimated earnings in excess of billings— 9,228 1,061 — 10,289 
Inventories— 234,738 6,612 — 241,350 
Other current assets11,480 13,264 645 — 25,389 
Total current assets2,215,901 2,848,060 78,215 (3,422,227)1,719,949 
Property, plant and equipment, net35,812 1,858,020 82,988 — 1,976,820 
Goodwill— 1,167,685 58,176 — 1,225,861 
Intangible assets, net— 63,655 4,426 — 68,081 
Operating lease right-of-use assets3,749 28,511 4,293 — 36,553 
Other assets5,384,259 235,719 933 (5,435,646)185,265 
Total assets$7,639,721 $6,201,650 $229,031 $(8,857,873)$5,212,529 
Liabilities and Members' Interest
Current liabilities:
Current portion of debt$3,822 $— $— $— $3,822 
Current portion of acquisition-related liabilities— 7,007 — — 7,007 
Accounts payable4,290 111,061 8,293 (23)123,621 
Accrued expenses88,318 82,065 5,306 (2,755)172,934 
Current operating lease liabilities804 7,230 562 — 8,596 
Intercompany payables2,890,124 525,230 4,095 (3,419,449)— 
Billings in excess of costs and estimated earnings— 7,280 948 — 8,228 
Total current liabilities2,987,358 739,873 19,204 (3,422,227)324,208 
Long-term debt2,283,639 — — — 2,283,639 
Acquisition-related liabilities— 28,021 — — 28,021 
Noncurrent operating lease liabilities7,951 21,587 3,692 — 33,230 
Other noncurrent liabilities5,768 196,759 119,820 (133,921)188,426 
Total liabilities5,284,716 986,240 142,716 (3,556,148)2,857,524 
Total members' interest2,355,005 5,215,410 86,315 (5,301,725)2,355,005 
Total liabilities and members' interest$7,639,721 $6,201,650 $229,031 $(8,857,873)$5,212,529 
Schedule of Pro Forma Condensed Combined Statement of Operations
Condensed Consolidating Statements of Operations
For the three months ended March 30, 2024
 
     
  Non-  
 Issuers
Guarantors 
Guarantors 
Eliminations
Consolidated 
Revenue$— $823,366 $22,140 $(40,491)$805,015 
Cost of revenue (excluding items shown separately below)— 649,602 14,900 (40,491)624,011 
General and administrative expenses49,110 79,117 1,659 — 129,886 
Depreciation, depletion, amortization and accretion1,846 91,191 2,934 — 95,971 
Operating (loss) income(50,956)3,456 2,647 — (44,853)
Other income, net(44,353)(1,383)(608)43,110 (3,234)
Interest expense (income)70,951 (20,431)1,372 — 51,892 
Gain on sale of business— (14,985)— — (14,985)
(Loss) income from operation before taxes(77,554)40,255 1,883 (43,110)(78,526)
Income tax expense (benefit)776 (1,482)510 — (196)
Net (loss) income attributable to Summit LLC$(78,330)$41,737 $1,373 $(43,110)$(78,330)
Comprehensive (loss) income attributable to member of Summit Materials, LLC$(83,054)$41,737 $6,097 $(47,834)$(83,054)

Condensed Consolidating Statements of Operations
For the three months ended April 1, 2023
 
     
  Non-  
 Issuers
Guarantors 
GuarantorsEliminationsConsolidated
Revenue$— $408,422 $27,761 $(795)$435,388 
Cost of revenue (excluding items shown separately below)— 335,210 19,622 (795)354,037 
General and administrative expenses15,221 28,947 1,764 — 45,932 
Depreciation, depletion, amortization and accretion988 47,153 2,753 — 50,894 
Operating (loss) income(16,209)(2,888)3,622 — (15,475)
Other income, net(19,147)(277)(508)14,715 (5,217)
Interest expense (income)39,845 (13,795)1,370 — 27,420 
Loss on sale of business— — — — — 
(Loss) income from operation before taxes(36,907)11,184 2,760 (14,715)(37,678)
Income tax expense (benefit)304 (1,510)739 — (467)
Net (loss) income attributable to Summit LLC$(37,211)$12,694 $2,021 $(14,715)$(37,211)
Comprehensive (loss) income attributable to member of Summit Materials, LLC$(37,008)$12,694 $1,818 $(14,512)$(37,008)
Schedule of Condensed Consolidating Statements of Cash Flows
Condensed Consolidating Statements of Cash Flows
For the three months ended March 30, 2024
 
     
  Non-  
 Issuers
Guarantors 
GuarantorsEliminationsConsolidated
Net cash (used in) provided by operating activities$(22,707)$(14,571)$3,773 $— $(33,505)
Cash flow from investing activities:
Acquisitions, net of cash acquired97,153 (1,198,072)— — (1,100,919)
Purchase of property, plant and equipment(4,415)(52,077)(2,027)— (58,519)
Proceeds from the sale of property, plant, and equipment— 2,662 2 — 2,664 
Proceeds from the sale of a business— 75,993 — — 75,993 
Other— (22,640)— — (22,640)
Net cash provided by (used in) investing activities92,738 (1,194,134)(2,025)— (1,103,421)
Cash flow from financing activities:
Capital distributions to member(52,015)52,608 — — 593 
Net proceeds from debt issuance1,007,475 — — — 1,007,475 
Loans received from and payments made on loans from other Summit Companies(1,161,406)1,165,362 (3,503)(453)— 
Payments on long-term debt(504,464)(1,928)— — (506,392)
Payments on acquisition-related liabilities— (6,124)— — (6,124)
Debt issuance costs(17,550)— — — (17,550)
Other(7,860)(1,293)(256)— (9,409)
Net cash (used in) provided by financing activities(735,820)1,208,625 (3,759)(453)468,593 
Impact of cash on foreign currency— — (1,128)— (1,128)
Net increase (decrease) in cash and cash equivalents and restricted cash(665,789)(80)(3,139)(453)(669,461)
Cash and cash equivalents and restricted cash—beginning of period1,110,410 3,115 44,899 (2,755)1,155,669 
Cash and cash equivalents and restricted cash—end of period$444,621 $3,035 $41,760 $(3,208)$486,208 
Condensed Consolidating Statements of Cash Flows
For the three months ended April 1, 2023
 
     
  Non-  
 Issuers
Guarantors 
GuarantorsEliminationsConsolidated
Net cash (used in) provided by operating activities$(55,528)$49,394 $6,469 $— $335 
Cash flow from investing activities:
Acquisitions, net of cash acquired— (55,477)— — (55,477)
Purchase of property, plant and equipment(2,895)(58,356)(2,333)— (63,584)
Proceeds from the sale of property, plant, and equipment— 1,777 — — 1,777 
Other— (1,045)— — (1,045)
Net cash used in investing activities(2,895)(113,101)(2,333)— (118,329)
Cash flow from financing activities:
Capital distributions to member(55,870)55,885 — — 15 
Loans received from and payments made on loans from other Summit Companies(25,853)24,951 (2,646)3,548 — 
Payments on long-term debt(1,274)(3,140)— — (4,414)
Payments on acquisition-related liabilities— (11,374)— — (11,374)
Debt issuance costs(1,566)— — — (1,566)
Other(2,740)(2,766)(213)— (5,719)
Net cash (used in) provided by financing activities(87,303)63,556 (2,859)3,548 (23,058)
Impact of cash on foreign currency— — 58 — 58 
Net increase (decrease) in cash and cash equivalents(145,726)(151)1,335 3,548 (140,994)
Cash and cash equivalents—beginning of period498,307 2,864 26,298 (7,018)520,451 
Cash and cash equivalents—end of period$352,581 $2,713 $27,633 $(3,470)$379,457