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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 29, 2024
Dec. 30, 2023
Current assets:    
Cash and cash equivalents $ 538,708 $ 374,162
Restricted cash 0 800,000
Accounts receivable, net 550,093 287,252
Costs and estimated earnings in excess of billings 33,948 10,289
Inventories 349,099 241,350
Other current assets 28,461 17,937
Current assets held for sale 446 1,134
Total current assets 1,500,755 1,732,124
Property, plant and equipment, less accumulated depreciation, depletion and amortization (June 29, 2024 - $1,509,453 and December 30, 2023 - $1,399,468) 4,354,088 1,976,820
Goodwill 2,093,010 1,224,861
Intangible assets, less accumulated amortization (June 29, 2024 - $39,586 and December 30, 2023 - $18,972) 168,282 68,081
Deferred tax assets, less valuation allowance (June 29, 2024 - $1,113 and December 30, 2023 - $1,113) 0 52,009
Operating lease right-of-use assets 89,360 36,553
Other assets 108,497 59,134
Total assets 8,313,992 5,149,582
Current liabilities:    
Current portion of debt 7,575 3,822
Current portion of acquisition-related liabilities 8,987 7,007
Accounts payable 282,091 123,621
Accrued expenses 250,355 171,691
Current operating lease liabilities 17,217 8,596
Billings in excess of costs and estimated earnings 7,635 8,228
Total current liabilities 573,860 322,965
Long-term debt 2,771,463 2,283,639
Acquisition-related liabilities 21,217 28,021
Tax receivable agreement liability 47,667 41,276
Deferred tax liabilities 189,138 15,854
Noncurrent operating lease liabilities 77,326 33,230
Other noncurrent liabilities 300,577 108,017
Total liabilities 3,981,248 2,833,002
Commitments and contingencies (see note 12)
Stockholders’ equity:    
Preferred stock 0 0
Additional paid-in capital 3,412,879 1,421,813
Accumulated earnings 915,960 876,751
Accumulated other comprehensive income 2,148 7,275
Stockholders’ equity 4,332,744 2,307,035
Noncontrolling interest in Summit Holdings 0 9,545
Total stockholders’ equity 4,332,744 2,316,580
Total liabilities and stockholders’ equity 8,313,992 5,149,582
Common Class A    
Stockholders’ equity:    
Common stock 1,757 1,196
Common Class B    
Stockholders’ equity:    
Common stock $ 0 $ 0