Senior Notes' Guarantor and Non-Guarantor Financial Information (Tables)

12 Months Ended

Dec. 27, 2014

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Schedule of Condensed Consolidating Balance Sheets

Condensed Consolidating Balance Sheets

December 27, 2014


	Issuers		Non- wholly- owned Guarantor		Wholly- owned Guarantors		Non- Guarantors		Eliminations			Consolidated
Assets
Current assets:
Cash	$	10,837	$	2	$	695	$	8,793	$	(7,112	)	$	13,215
Accounts receivable, net		1		6,629		124,380		11,525		(1,233	)		141,302
Intercompany receivables		376,344		4,095		30,539		4,052		(415,030	)		—
Cost and estimated earnings in excess of billings		—		—		9,819		355		—			10,174
Inventories		—		8,696		98,188		4,669		—			111,553
Other current assets		7,148		464		9,638		1,775		(1,853	)		17,172

Total current assets		394,330		19,886		273,259		31,169		(425,228	)		293,416
Property, plant and equipment, net		7,035		302,524		610,717		30,325		—			950,601
Goodwill		—		23,124		340,969		55,177		—			419,270
Intangible assets, net		—		542		14,245		2,860		—			17,647
Other assets		1,153,204		25,233		125,462		1,362		(1,256,418	)		48,843

Total assets	$	1,554,569	$	371,309	$	1,364,652	$	120,893	$	(1,681,646	)	$	1,729,777

Liabilities, Redeemable Noncontrolling Interest and Member’s Interest
Current liabilities:
Current portion of debt	$	5,275	$	1,273	$	3,990	$	—	$	(5,263	)	$	5,275
Current portion of acquisition-related liabilities		166		—		18,236		—		—			18,402
Accounts payable		3,655		6,845		65,018		4,569		(1,233	)		78,854
Accrued expenses		37,101		10,178		59,477		3,705		(8,965	)		101,496
Intercompany payables		162,728		4,052		245,416		2,834		(415,030	)		—
Billings in excess of costs and estimated earnings		—		—		8,931		27		—			8,958

Total current liabilities		208,925		22,348		401,068		11,135		(430,491	)		212,985
Long-term debt		1,059,642		153,318		480,599		—		(633,917	)		1,059,642
Acquisition-related liabilities		—		—		42,736		—		—			42,736
Other noncurrent liabilities		796		24,787		65,479		57,736		(55,107	)		93,691

Total liabilities		1,269,363		200,453		989,882		68,871		(1,119,515	)		1,409,054
Redeemable noncontrolling interest		—		—		—		—		33,740			33,740
Redeemable members’ interest		—		34,543		—		—		(34,543	)		—
Total member’s interest		285,206		136,313		374,770		52,022		(561,328	)		286,983

Total liabilities, redeemable noncontrolling interest and member’s interest	$	1,554,569	$	371,309	$	1,364,652	$	120,893	$	(1,681,646	)	$	1,729,777

Condensed Consolidating Balance Sheets

December 28, 2013


	Issuers		Non- wholly- owned Guarantor		Wholly- owned Guarantors		Non- Guarantors		Eliminations			Consolidated
Assets
Current assets:
Cash	$	10,375	$	9	$	3,442	$	3,631	$	(2,540	)	$	14,917
Accounts receivable, net		—		4,587		93,102		3,100		(1,452	)		99,337
Intercompany receivables		38,134		3,433		30,787		—		(72,354	)		—
Cost and estimated earnings in excess of billings		—		—		10,539		228		—			10,767
Inventories		—		10,402		85,372		658		—			96,432
Other current assets		750		444		11,715		272		—			13,181

Total current assets		49,259		18,875		234,957		7,889		(76,346	)		234,634
Property, plant and equipment, net		3,969		301,908		518,935		6,966		—			831,778
Goodwill		—		23,124		102,942		972		—			127,038
Intangible assets, net		—		642		14,505		—		—			15,147
Other assets		296,494		17,973		37,535		1,303		(314,108	)		39,197

Total assets	$	349,722	$	362,522	$	908,874	$	17,130	$	(390,454	)	$	1,247,794

Liabilities, Redeemable Noncontrolling Interest and Member’s Interest
Current liabilities:
Current portion of debt	$	26,010	$	1,018	$	3,192	$	—	$	—		$	30,220
Current portion of acquisition-related liabilities		2,000		—		8,635		—		—			10,635
Accounts payable		5,455		9,387		57,142		1,572		(1,452	)		72,104
Accrued expenses		12,041		9,185		37,342		1,223		(2,540	)		57,251
Intercompany payables		—		—		71,556		798		(72,354	)		—
Billings in excess of costs and estimated earnings		—		—		8,837		426		—			9,263

Total current liabilities		45,506		19,590		186,704		4,019		(76,346	)		179,473
Long-term debt		19,587		154,590		484,590		—		—			658,767
Acquisition-related liabilities		85		—		23,671		—		—			23,756
Other noncurrent liabilities		959		20,306		56,215		—		—			77,480

Total liabilities		66,137		194,486		751,180		4,019		(76,346	)		939,476
Redeemable noncontrolling interest		—		—		—		—		24,767			24,767
Redeemable members’ interest		—		23,450		—		—		(23,450	)		—
Total member’s interest		283,585		144,586		157,694		13,111		(315,425	)		283,551

Total liabilities, redeemable noncontrolling interest and member’s interest	$	349,722	$	362,522	$	908,874	$	17,130	$	(390,454	)	$	1,247,794

Schedule of Condensed Consolidating Statements of Operations and Comprehensive Loss

Condensed Consolidating Statements of Operations and Comprehensive Loss

Year ended December 27, 2014


	Issuers			Non-wholly- owned Guarantor			Wholly- owned Guarantors			Non- Guarantors			Eliminations			Consolidated

Total revenue	$	—		$	94,402		$	1,065,590		$	72,172		$	(27,933	)	$	1,204,231


Cost of revenue (excluding items shown separately below)		—			67,951			796,078			51,064			(27,933	)		887,160
General and administrative expenses		30,736			6,763			119,250			2,537			—			159,286
Depreciation, depletion, amortization and accretion		1,468			14,500			70,116			1,742			—			87,826

Operating (loss) income		(32,204	)		5,188			80,146			16,829			—			69,959
Other (income) expense, net		(53,827	)		(14,444	)		(6,687	)		(3	)		71,514			(3,447	)
Interest expense		31,827			11,608			51,248			1,172			(9,113	)		86,742

(Loss) income from continuing operations before taxes		(10,204	)		8,024			35,585			15,660			(62,401	)		(13,336	)
Income tax benefit		(1,427	)		—			(5,766	)		210			—			(6,983	)

(Loss) income from continuing operations		(8,777	)		8,024			41,351			15,450			(62,401	)		(6,353	)
Income from discontinued operations		—			—			(71	)		—			—			(71	)

Net (loss) income		(8,777	)		8,024			41,422			15,450			(62,401	)		(6,282	)
Net loss attributable to noncontrolling interest		—			—			—			—			2,495			2,495

Net (loss) income attributable to member of Summit Materials, LLC	$	(8,777	)	$	8,024		$	41,422		$	15,450		$	(64,896	)	$	(8,777	)

Comprehensive (loss) income attributable to member of Summit Materials, LLC	$	(18,278	)	$	2,759		$	41,422		$	9,634		$	(53,815	)	$	(18,278	)

Condensed Consolidating Statements of Operations and Comprehensive Loss

Year ended December 28, 2013


	Summit Materials LLC (Parent)			Non- wholly- owned Guarantor			Wholly- owned Guarantors			Non- Guarantors		Eliminations			Consolidated

Total revenue	$	—		$	80,759		$	807,921		$	41,910	$	(14,389	)	$	916,201


Cost of revenue (excluding items shown separately below)		—			55,241			611,799			24,401		(14,389	)		677,052
General and administrative expenses		7,241			7,673			129,768			1,308		—			145,990
Goodwill impairment		—			—			68,202			—		—			68,202
Depreciation, depletion, amortization and accretion		465			11,378			60,078			1,013		—			72,934

Operating (loss) income		(7,706	)		6,467			(61,926	)		15,188		—			(47,977	)
Other expense (income), net		99,085			(3,737	)		(3,410	)		274		(90,834	)		1,378
Interest expense		—			10,702			49,591			382		(4,232	)		56,443

(Loss) income from continuing operations before taxes		(106,791	)		(498	)		(108,107	)		14,532		95,066			(105,798	)
Income tax expense		—			—			(2,647	)		—		—			(2,647	)

(Loss) income from continuing operations		(106,791	)		(498	)		(105,460	)		14,532		95,066			(103,151	)
Loss from discontinued operations		—			—			528			—		—			528

Net (loss) income		(106,791	)		(498	)		(105,988	)		14,532		95,066			(103,679	)
Net income attributable to noncontrolling interest		—			—			—			—		3,112			3,112

Net (loss) income attributable to member of Summit Materials, LLC	$	(106,791	)	$	(498	)	$	(105,988	)	$	14,532	$	91,954		$	(106,791	)


Comprehensive (loss) income attributable to member of Summit Materials, LLC	$	(106,791	)	$	3,909		$	(105,988	)	$	14,532	$	90,632		$	(103,706	)

Condensed Consolidating Statements of Operations and Comprehensive Loss

Year ended December 29, 2012


	Summit Materials LLC (Parent)			Non- wholly- owned Guarantor			Wholly- owned Guarantors			Non- Guarantors			Eliminations			Consolidated

Total revenue	$	—		$	81,516		$	824,796		$	33,074		$	(13,132	)	$	926,254


Cost of revenue (excluding items shown separately below)		—			58,319			649,577			18,582			(13,132	)		713,346
General and administrative expenses		8			6,235			121,633			1,327			—			129,203
Depreciation, depletion, amortization and accretion		81			10,093			57,080			1,036			—			68,290

Operating (loss) income		(89	)		6,869			(3,494	)		12,129			—			15,415
Other expense (income), net		52,400			(2,065	)		6,630			(101	)		(48,577	)		8,287
Interest expense		—			12,045			47,293			633			(1,892	)		58,079

(Loss) income from continuing operations before taxes		(52,489	)		(3,111	)		(57,417	)		11,597			50,469			(50,951	)
Income tax expense		5			—			(3,925	)		—			—			(3,920	)

(Loss) income from continuing operations		(52,494	)		(3,111	)		(53,492	)		11,597			50,469			(47,031	)
Loss from discontinued operations		—			—			3,546			—			—			3,546

Net (loss) income		(52,494	)		(3,111	)		(57,038	)		11,597			50,469			(50,577	)
Net income attributable to noncontrolling interest		—			—			—			—			1,919			1,919

Net (loss) income attributable to member of Summit Materials, LLC	$	(52,494	)	$	(3,111	)	$	(57,038	)	$	11,597		$	48,550		$	(52,496	)


Comprehensive (loss) income attributable to member of Summit Materials, LLC	$	(52,494	)	$	(6,759	)	$	(57,038	)	$	11,597		$	49,645		$	(55,049	)

Schedule of Condensed Consolidating Statements of Cash Flows

Condensed Consolidating Statements of Cash Flows

For the year ended December 27, 2014


	Issuers			Non- wholly- owned Guarantor			Wholly- owned Guarantors			Non- Guarantors			Eliminations			Consolidated

Net cash (used in) provided by operating activities	$	(40,964	)	$	11,776		$	102,219		$	8,058		$	(2,000	)	$	79,089


Cash flow from investing activities:
Acquisitions, net of cash acquired		(181,754	)		—			(216,100	)		—			—			(397,854	)
Purchase of property, plant and equipment		(4,534	)		(14,941	)		(55,222	)		(1,465	)		—			(76,162	)
Proceeds from the sale of property, plant, and equipment		—			—			13,134			232			—			13,366
Other		—			(1,387	)		(597	)		—			1,354			(630	)

Net cash used for investing activities		(186,288	)		(16,328	)		(258,785	)		(1,233	)		1,354			(461,280	)


Cash flow from financing activities:
Proceeds from investment by member		27,617			—			—			1,354			(1,354	)		27,617
Net proceeds from debt issuance		762,250			—			—			—			—			762,250
Loans received from and payments made on loans from other Summit Companies		(170,915	)		5,338			173,166			(3,017	)		(4,572	)		—
Payments on long-term debt		(380,065	)		(793	)		(8,412	)		—			—			(389,270	)
Payments on acquisition-related liabilities		(2,000	)		—			(8,935	)		—			—			(10,935	)
Financing costs		(9,085	)		—			—			—			—			(9,085	)
Other		(88	)		—			(2,000	)		—			2,000			(88	)

Net cash provided by (used for) financing activities		227,714			4,545			153,819			(1,663	)		(3,926	)		380,489


Net increase (decrease) in cash		462			(7	)		(2,747	)		5,162			(4,572	)		(1,702	)

Cash — Beginning of period		10,375			9			3,442			3,631			(2,540	)		14,917

Cash— End of period	$	10,837		$	2		$	695		$	8,793		$	(7,112	)	$	13,215

Condensed Consolidating Statements of Cash Flows

For the year ended December 28, 2013


	Summit Materials, LLC (Parent)			Non- wholly- owned Guarantor			Wholly- owned Guarantors			Non- Guarantors			Eliminations			Consolidated

Net cash (used for) provided by operating activities	$	(232	)	$	9,003		$	44,746		$	12,895		$	—		$	66,412


Cash flow from investing activities:
Acquisitions, net of cash acquired		—			—			(61,601	)		—			—			(61,601	)
Purchase of property, plant and equipment		(3,359	)		(24,896	)		(36,629	)		(1,115	)		—			(65,999	)
Proceeds from the sale of property, plant, and equipment		—			3			16,020			62			—			16,085

Net cash used for investing activities		(3,359	)		(24,893	)		(82,210	)		(1,053	)		—			(111,515	)


Cash flow from financing activities
Net proceeds from debt issuance		234,681			—			—			—			—			234,681
Loans received from and payments made on loans from other Summit Companies		(29,121	)		15,502			19,726			(8,891	)		2,784			—
Payments on long-term debt		(188,424	)		—			—			—			—			(188,424	)
Payments on acquisition-related liabilities		—			—			(9,801	)		—			—			(9,801	)
Financing costs		(3,864	)														(3,864	)
Other		(3	)		—			—			—			—			(3	)

Net cash provided by (used for) financing activities		13,269			15,502			9,925			(8,891	)		2,784			32,589


Net decrease (increase) in cash		9,678			(388	)		(27,539	)		2,951			2,784			(12,514	)

Cash — Beginning of period		697			397			30,981			680			(5,324	)		27,431

Cash— End of period	$	10,375		$	9		$	3,442		$	3,631		$	(2,540	)	$	14,917

Condensed Consolidating Statements of Cash Flows

For the year ended December 29, 2012


	Summit Materials, LLC (Parent)			Non- wholly- owned Guarantor			Wholly- owned Guarantors			Non- Guarantors			Eliminations			Consolidated

Net cash provided by operating activities	$	4,845		$	12,806		$	36,649		$	8,217		$	(238	)	$	62,279


Cash flow from investing activities:
Acquisitions, net of cash acquired		—			—			(48,757	)		—			—			(48,757	)
Purchase of property, plant and equipment		(762	)		(12,174	)		(31,818	)		(734	)		—			(45,488	)
Proceeds from the sale of property, plant, and equipment		—			69			8,577			190			—			8,836
Other		—			—			69			—			—			69

Net cash used for investing activities		(762	)		(12,105	)		(71,929	)		(544	)		—			(85,340	)


Cash flow from financing activities
Net proceeds from debt issuance		726,459			(17	)		—			—			—			726,442
Loans received from and payments made on loans from other Summit Companies		(25,371	)		(295	)		39,783			(8,793	)		(5,324	)		—
Payments on long-term debt		(697,438	)		—			—			—			—			(697,438	)
Payments on acquisition-related liabilities		—			—			(7,519	)		—			—			(7,519	)
Financing costs		(13,081	)		—			—			—			—			(13,081	)
Other		(656	)		—			—			(284	)		238			(702	)

Net cash (used for) provided by financing activities		(10,087	)		(312	)		32,264			(9,077	)		(5,086	)		7,702


Net decrease (increase) in cash		(6,004	)		389			(3,016	)		(1,404	)		(5,324	)		(15,359	)

Cash — Beginning of period		6,701			8			33,997			2,084			—			42,790

Cash— End of period	$	697		$	397		$	30,981		$	680		$	(5,324	)	$	27,431

Summit Materials, LLC 10-K