| Mar'20 | Dec'19 | Sep'19 | Jun'19 | Mar'19 | Dec'18 | Sep'18 | Jun'18 | Mar'18 | Dec'17 | Sep'17 | Jul'17 | Apr'17 | Dec'16 | Sep'16 | Jun'16 | Mar'16 | Dec'15 | Sep'15 | Jun'15 | Mar'15 | Dec'14 | Sep'14 | Jun'14 | Mar'14 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Cash flow from operating activities: | ||||||||||||||||||||||||
Net loss | ||||||||||||||||||||||||
-46,726 | 36,397 | 58,237 | 37,990 | -71,501 | -18,627 | 73,992 | 36,913 | -55,948 | 44,510 | 84,287 | 52,088 | -55,108 | 6,049 | 61,106 | 21,505 | -42,534 | 47,416 | 33,872 | 33 | -79,837 | 4,468 | 28,117 | 14,201 | -53,068 |
Adjustments to reconcile net income to net cash used in operating activities: | ||||||||||||||||||||||||
Depreciation, depletion, amortization and accretion | ||||||||||||||||||||||||
55,278 | 55,865 | 56,015 | 53,943 | 57,039 | 55,943 | 54,267 | 53,003 | 45,559 | 52,473 | 49,853 | 47,438 | 43,343 | 42,607 | 41,774 | 39,435 | 36,817 | 34,230 | 33,658 | 29,773 | 27,358 | 26,996 | 24,701 | 22,977 | 20,789 |
Share-based compensation expense | ||||||||||||||||||||||||
4,905 | 4,979 | 4,819 | 4,699 | 5,906 | 5,545 | 5,643 | 5,683 | 8,507 | 6,992 | 4,724 | 4,676 | 4,748 | 3,817 | 16,306 | 27,781 | 2,036 | 1,310 | 1,569 | 1,803 | 15,217 | 489 | 608 | 572 | 566 |
Deferred income tax benefit | ||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0 | 0 | -525 |
Net gain on asset disposals | ||||||||||||||||||||||||
1,933 | 2,264 | 4,093 | 2,202 | 1,735 | 2,832 | 19,753 | 3,431 | 4,077 | 1,575 | 2,011 | 2,387 | 1,665 | -2,742 | 2,127 | 2,034 | 1,683 | 18,097 | 1,503 | 1,653 | 1,834 | -6,719 | 143 | 28 | 48 |
Non-cash loss on debt financings | ||||||||||||||||||||||||
0 | 0 | 0 | 0 | -2,850 | 0 | 0 | 0 | 0 | -3,771 | 0 | 0 | -85 | - | - | - | - | 5,307 | -2,356 | 7,614 | -688 | - | - | - | - |
Change in deferred tax asset, net | ||||||||||||||||||||||||
-24,194 | -16,724 | 45,286 | 15,478 | -28,028 | 44,913 | 19,511 | 10,439 | -17,373 | 209,597 | -499,207 | 2,728 | -2,337 | 4,731 | 1,046 | -10,023 | -17 | - | - | - | - | - | - | - | - |
Other | ||||||||||||||||||||||||
-1,611 | 526 | 1,489 | 167 | -47 | -1,145 | -711 | 1,417 | -1,579 | 1,504 | 1,565 | 73 | -783 | 311 | 1,100 | 1 | -130 | 1,765 | 1,049 | -405 | -780 | 494 | 1,022 | -1 | -558 |
Decrease (increase) in operating assets, net of acquisitions and dispositions: | ||||||||||||||||||||||||
Accounts receivable, net | ||||||||||||||||||||||||
-19,939 | -84,147 | 41,876 | 99,438 | -20,118 | -84,685 | 32,718 | 85,742 | -27,979 | -95,241 | 30,422 | 82,386 | -13,847 | -83,745 | 25,745 | 77,770 | -22,281 | -60,139 | 34,752 | 51,844 | -30,309 | -44,097 | 25,546 | 45,906 | -16,989 |
Inventories | ||||||||||||||||||||||||
26,979 | 7,714 | -11,088 | -5,913 | 705 | -14,429 | -18,401 | 9,180 | 35,248 | 5,774 | -6,437 | -5,405 | 24,677 | -6,775 | -10,876 | 2,336 | 25,612 | -8,105 | -12,725 | -4,858 | 21,413 | -108 | -13,977 | 4,443 | 13,377 |
Costs and estimated earnings in excess of billings | ||||||||||||||||||||||||
-1,710 | -36,643 | 4,370 | 28,256 | -1,541 | -28,941 | 3,118 | 31,847 | 2,678 | -29,781 | 10,035 | 14,091 | 7,480 | -31,665 | 9,807 | 22,561 | 1,981 | -30,006 | 8,897 | 12,843 | 1,662 | -16,368 | 4,763 | 9,407 | 839 |
Other current assets | ||||||||||||||||||||||||
2,519 | 170 | -2,050 | -7,032 | 3,447 | 340 | 5,053 | -1,436 | 3,202 | -2,677 | -2,491 | -2,058 | -1,477 | 2,642 | 230 | -6,937 | 9,583 | -15,839 | 1,622 | 2,476 | 303 | 87 | 1,782 | 2,137 | -9 |
Other assets | ||||||||||||||||||||||||
-5,543 | -93 | -618 | -1,798 | -2,576 | -1,111 | 1,997 | -33 | -747 | -38 | 1,576 | 839 | 726 | 2,133 | -150 | 718 | -351 | 845 | 577 | 702 | -755 | -5,442 | 2,889 | 988 | -3,202 |
(Decrease) increase in operating liabilities, net of acquisitions and dispositions: | ||||||||||||||||||||||||
Accounts payable | ||||||||||||||||||||||||
-2,712 | -33,520 | 22,525 | 35,329 | -5,431 | -38,381 | 1,066 | 31,654 | -7,742 | -32,165 | 9,807 | 24,381 | 4,169 | -29,563 | 14,130 | 10,300 | -618 | -33,624 | 26,278 | 13,150 | -10,045 | -15,888 | 5,844 | 13,828 | -10,239 |
Accrued expenses | ||||||||||||||||||||||||
-20,776 | -807 | -948 | 16,358 | -6,963 | -14,347 | -3,871 | 10,334 | -8,660 | -10,860 | 10,643 | 13,875 | -20,664 | 4,248 | -1,395 | 28,233 | -17,890 | -2,779 | -414 | 9,306 | -20,467 | 10,733 | -5,933 | 18,131 | -9,620 |
Billings in excess of costs and estimated earnings | ||||||||||||||||||||||||
245 | 1,370 | 1,756 | 57 | -1,195 | -1,202 | -1,663 | -399 | -1,788 | -2,277 | 1,134 | 3,955 | -2,703 | -1,438 | 5,661 | -971 | -2,552 | 2,076 | 112 | -226 | -649 | -575 | 4,631 | -1,633 | -2,728 |
Tax receivable agreement liability | ||||||||||||||||||||||||
993 | 16,867 | 365 | 0 | 59 | -23,478 | 124 | 866 | 822 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Other liabilities | ||||||||||||||||||||||||
-3,316 | -1,295 | -2,088 | -1,910 | -1,807 | 1,306 | -1,267 | -696 | 156 | -1,092 | -5,028 | -1,665 | 1,369 | -48,097 | 378 | -2,319 | -1,103 | -433 | 261 | -911 | -203 | -2,900 | -756 | -673 | -2,044 |
Net cash used in operating activities | ||||||||||||||||||||||||
-38,931 | 173,341 | 147,895 | 46,624 | -30,676 | 138,811 | 104,275 | 17,649 | -51,367 | 159,750 | 121,284 | 56,688 | -45,539 | 160,340 | 111,023 | 15,458 | -41,958 | 116,433 | 61,994 | -18,918 | -61,306 | 90,074 | 35,044 | 4,495 | -50,375 |
Cash flow from investing activities: | ||||||||||||||||||||||||
Acquisitions, net of cash acquired | ||||||||||||||||||||||||
0 | 2,550 | 0 | 0 | 2,842 | 35,123 | 57,698 | 39,203 | 113,993 | 3,451 | 158,355 | 100,791 | 112,333 | 5,495 | 34,799 | 47,553 | 249,111 | - | - | - | - | 45,913 | 117,071 | 52,356 | 182,514 |
Purchases of property, plant and equipment | ||||||||||||||||||||||||
61,829 | 37,733 | 34,193 | 43,381 | 62,188 | 36,933 | 52,095 | 82,152 | 49,505 | 46,668 | 38,390 | 58,032 | 51,056 | 31,538 | 30,276 | 52,544 | 39,125 | 19,278 | 26,293 | 25,671 | 17,708 | 11,918 | 14,984 | 29,319 | 19,941 |
Proceeds from the sale of property, plant and equipment | ||||||||||||||||||||||||
3,160 | 8,138 | 5,030 | 5,208 | 2,797 | 3,209 | 4,316 | 6,322 | 7,788 | 3,782 | 4,879 | 4,086 | 4,325 | 646 | 6,780 | 3,423 | 6,019 | 4,227 | 2,844 | 3,298 | 2,741 | 3,791 | 3,590 | 3,783 | 2,202 |
Other | ||||||||||||||||||||||||
-1,801 | 888 | -232 | 261 | 178 | -1,144 | -1,976 | 816 | -1,500 | 653 | -45 | 837 | -974 | - | - | - | - | -900 | 0 | -886 | 276 | 1,387 | 0 | -750 | -7 |
Net cash used for investing activities | ||||||||||||||||||||||||
-56,868 | -33,033 | -28,931 | -38,434 | -62,411 | -67,703 | -81,937 | -115,849 | -154,210 | -46,990 | -191,821 | -155,574 | -158,090 | -34,966 | -58,295 | -95,174 | -282,217 | -18,702 | -513,052 | -37,350 | -15,243 | -55,427 | -128,465 | -77,142 | -200,246 |
Cash flow from financing activities: | ||||||||||||||||||||||||
Proceeds from equity offerings | ||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | 0 | 0 | 0 | 237,600 | - | - | - | - | 0 | 577,444 | 0 | 460,000 | - | 0 | 0 | 24,350 |
Capital issuance costs | ||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | 0 | 0 | -11 | 638 | - | - | - | - | 391 | 24,820 | 442 | 35,956 | - | - | - | - |
Proceeds from debt issuances | ||||||||||||||||||||||||
0 | 0 | 0 | 0 | 300,000 | 0 | 64,500 | 0 | 0 | - | - | - | - | 0 | 33,000 | 71,000 | 250,000 | 333,125 | 1,173,750 | 138,000 | 104,000 | 105,033 | 232,467 | 118,000 | 306,750 |
Debt issuance costs | ||||||||||||||||||||||||
0 | 0 | 66 | 472 | 5,774 | 0 | 0 | 550 | 0 | 1,099 | 9 | 4,609 | 699 | 126 | 565 | 109 | 5,001 | 3,335 | 5,781 | 1,075 | 4,055 | 251 | 2,480 | 45 | 6,309 |
Payments on debt | ||||||||||||||||||||||||
5,493 | 5,323 | 3,881 | 4,692 | 256,333 | 6,015 | 68,255 | 6,800 | 3,972 | 3,551 | 3,599 | 5,722 | 3,566 | 6,448 | 50,578 | 60,218 | 3,458 | 254,079 | 781,779 | 363,187 | 106,441 | 130,933 | 149,091 | 54,932 | 54,314 |
Purchase of noncontrolling interests | ||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0 | 462,848 | 0 | 35,000 | - | - | - | - |
Payments on acquisition-related liabilities | ||||||||||||||||||||||||
9,515 | 22,883 | 1,842 | 225 | 8,933 | 1,183 | 4,097 | 22,262 | 8,962 | 12,034 | 5,412 | 790 | 16,414 | 3,120 | 3,258 | 13,689 | 11,973 | 3,038 | 3,048 | 7,938 | 4,032 | 5,128 | 1,548 | 3,621 | 638 |
Distributions from partnership | ||||||||||||||||||||||||
- | - | - | - | - | 0 | 0 | 60 | 9 | 1,865 | 30 | 0 | 79 | - | - | - | - | - | - | - | - | - | - | - | - |
Proceeds from stock option exercises | ||||||||||||||||||||||||
310 | 16,517 | 1,775 | 18 | 766 | 0 | 0 | 140 | 15,475 | 2,851 | 13,074 | 4,965 | 771 | - | - | - | - | - | - | - | - | - | - | - | - |
Other | ||||||||||||||||||||||||
-908 | -1 | 1 | -1 | -501 | -30 | -9 | -84 | -1,820 | -23 | -14 | -101 | -731 | - | - | - | - | - | - | - | - | - | - | - | - |
Net cash (used in) provided by financing activities | ||||||||||||||||||||||||
-15,606 | -11,690 | -4,013 | -5,372 | 29,225 | -7,228 | -7,861 | -29,616 | 712 | -16,253 | 4,010 | 295,754 | 216,244 | -13,364 | -30,085 | -3,412 | 229,568 | 69,993 | 458,312 | -246,484 | 378,516 | -31,279 | 79,348 | 59,314 | 269,839 |
Impact of foreign currency on cash | ||||||||||||||||||||||||
-800 | 112 | -20 | 3 | 191 | -302 | 49 | -73 | -398 | -33 | 546 | 88 | 100 | -261 | -168 | 52 | 446 | -306 | -837 | 342 | -202 | - | - | - | - |
Net (decrease) increase in cash | ||||||||||||||||||||||||
-112,205 | 128,730 | 114,931 | 2,821 | -63,671 | 63,578 | 14,526 | -127,889 | -205,263 | 96,474 | -65,981 | 196,956 | 12,715 | 111,749 | 22,475 | -83,076 | -94,161 | 167,418 | 6,417 | -302,410 | 301,765 | 3,219 | -14,073 | -13,333 | 19,218 |
Summit Materials, LLC | ||||||||||||||||||||||||
Net loss | ||||||||||||||||||||||||
-63,625 | 41,461 | 85,199 | 53,501 | -91,564 | -4,596 | 90,427 | 46,602 | -68,596 | 52,435 | 82,633 | 53,827 | -54,854 | - | - | - | - | - | - | - | - | - | - | - | - |
Depreciation, depletion, amortization and accretion | ||||||||||||||||||||||||
55,160 | 55,747 | 55,898 | 53,825 | 56,871 | 55,776 | 54,098 | 52,836 | 45,345 | 52,260 | 49,639 | 47,226 | 43,088 | - | - | - | - | - | - | - | - | - | - | - | - |
Share-based compensation expense | ||||||||||||||||||||||||
4,905 | 4,979 | 4,819 | 4,699 | 5,906 | 5,545 | 5,643 | 5,683 | 8,507 | 6,992 | 4,724 | 4,676 | 4,748 | - | - | - | - | - | - | - | - | - | - | - | - |
Net gain on asset disposals | ||||||||||||||||||||||||
1,933 | 2,264 | 4,093 | 2,202 | 1,735 | 2,832 | 19,753 | 3,431 | 4,077 | 1,575 | 2,011 | 2,387 | 1,665 | - | - | - | - | - | - | - | - | - | - | - | - |
Non-cash loss on debt financings | ||||||||||||||||||||||||
0 | 0 | 0 | 0 | -2,850 | 0 | 0 | 0 | 0 | -3,771 | 0 | 0 | -85 | - | - | - | - | - | - | - | - | - | - | - | - |
Change in deferred tax asset, net | ||||||||||||||||||||||||
-6,184 | -4,803 | 18,806 | 85 | -7,738 | 8,266 | 3,369 | 1,783 | -3,689 | -27,838 | 4,394 | 2,728 | -2,354 | - | - | - | - | - | - | - | - | - | - | - | - |
Other | ||||||||||||||||||||||||
-1,611 | 526 | 1,489 | 167 | -47 | -1,145 | -711 | 1,417 | -1,579 | 1,504 | 1,565 | 73 | -783 | - | - | - | - | - | - | - | - | - | - | - | - |
Accounts receivable, net | ||||||||||||||||||||||||
-19,939 | -84,147 | 41,876 | 99,438 | -20,118 | -84,685 | 32,718 | 85,742 | -27,979 | -95,241 | 30,422 | 82,386 | -13,847 | - | - | - | - | - | - | - | - | - | - | - | - |
Inventories | ||||||||||||||||||||||||
26,979 | 7,714 | -11,088 | -5,913 | 705 | -14,429 | -18,401 | 9,180 | 35,248 | 5,774 | -6,437 | -5,405 | 24,677 | - | - | - | - | - | - | - | - | - | - | - | - |
Costs and estimated earnings in excess of billings | ||||||||||||||||||||||||
-1,710 | -36,643 | 4,370 | 28,256 | -1,541 | -28,941 | 3,118 | 31,847 | 2,678 | -29,781 | 10,035 | 14,091 | 7,480 | - | - | - | - | - | - | - | - | - | - | - | - |
Other current assets | ||||||||||||||||||||||||
2,519 | 170 | -2,050 | -7,032 | 3,447 | 340 | 5,053 | -1,436 | 3,202 | -2,660 | -2,491 | -2,058 | -1,494 | - | - | - | - | - | - | - | - | - | - | - | - |
Other assets | ||||||||||||||||||||||||
-5,543 | -93 | -618 | -1,798 | -2,576 | -1,111 | 1,997 | -33 | -747 | -38 | 1,559 | 839 | 743 | - | - | - | - | - | - | - | - | - | - | - | - |
Accounts payable | ||||||||||||||||||||||||
-2,712 | -33,520 | 22,525 | 35,329 | -6,126 | -38,381 | 1,066 | 31,654 | -8,328 | -29,665 | 9,808 | 24,380 | 3,517 | - | - | - | - | - | - | - | - | - | - | - | - |
Accrued expenses | ||||||||||||||||||||||||
-20,776 | -807 | -948 | 16,358 | -6,268 | -15,042 | -3,871 | 10,334 | -8,074 | -11,216 | 10,643 | 13,874 | -19,531 | - | - | - | - | - | - | - | - | - | - | - | - |
Billings in excess of costs and estimated earnings | ||||||||||||||||||||||||
245 | 1,370 | 1,756 | 57 | -1,195 | -1,202 | -1,663 | -399 | -1,788 | -2,277 | 1,134 | 3,955 | -2,703 | - | - | - | - | - | - | - | - | - | - | - | - |
Other liabilities | ||||||||||||||||||||||||
-3,316 | -1,295 | -2,088 | -1,910 | -1,807 | 1,306 | -1,267 | -696 | 156 | -1,092 | -5,028 | -1,665 | 1,369 | - | - | - | - | - | - | - | - | - | - | - | - |
Net cash used in operating activities | ||||||||||||||||||||||||
-38,931 | 173,341 | 147,895 | 46,624 | -30,676 | 138,811 | 104,275 | 17,649 | -51,367 | 162,237 | 121,283 | 56,688 | -45,076 | - | - | - | - | - | - | - | - | - | - | - | - |
Acquisitions, net of cash acquired | ||||||||||||||||||||||||
0 | 2,550 | 0 | 0 | 2,842 | 35,123 | 57,698 | 39,203 | 113,993 | 3,451 | 158,355 | 100,791 | 112,333 | - | - | - | - | - | - | - | - | - | - | - | - |
Purchases of property, plant and equipment | ||||||||||||||||||||||||
61,829 | 37,733 | 34,193 | 43,381 | 62,188 | 36,933 | 52,095 | 82,152 | 49,505 | 46,668 | 38,390 | 58,032 | 51,056 | - | - | - | - | - | - | - | - | - | - | - | - |
Proceeds from the sale of property, plant and equipment | ||||||||||||||||||||||||
3,160 | 8,138 | 5,030 | 5,208 | 2,797 | 3,209 | 4,316 | 6,322 | 7,788 | 3,782 | 4,879 | 4,086 | 4,325 | - | - | - | - | - | - | - | - | - | - | - | - |
Other | ||||||||||||||||||||||||
-1,801 | 888 | -232 | 261 | 178 | -1,144 | -1,976 | 816 | -1,500 | 653 | -45 | 837 | -974 | - | - | - | - | - | - | - | - | - | - | - | - |
Net cash used for investing activities | ||||||||||||||||||||||||
-56,868 | -33,033 | -28,931 | -38,434 | -62,411 | -67,703 | -81,937 | -115,849 | -154,210 | -46,990 | -191,821 | -155,574 | -158,090 | - | - | - | - | - | - | - | - | - | - | - | - |
Capital contributions by member | ||||||||||||||||||||||||
310 | 16,517 | 1,775 | 18 | 766 | 0 | 0 | 140 | 15,475 | 47,874 | 13,074 | 4,964 | 238,629 | - | - | - | - | - | - | - | - | - | - | - | - |
Capital issuance costs | ||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | 0 | 0 | -11 | 638 | - | - | - | - | - | - | - | - | - | - | - | - |
Proceeds from debt issuances | ||||||||||||||||||||||||
0 | 0 | 0 | 0 | 300,000 | 0 | 64,500 | 0 | 0 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Debt issuance costs | ||||||||||||||||||||||||
0 | 0 | 66 | 472 | 5,774 | 0 | 0 | 550 | 0 | 1,099 | 9 | 4,609 | 699 | - | - | - | - | - | - | - | - | - | - | - | - |
Payments on debt | ||||||||||||||||||||||||
5,493 | 5,323 | 3,881 | 4,692 | 256,333 | 6,015 | 68,255 | 6,800 | 3,972 | 3,551 | 3,599 | 5,722 | 3,566 | - | - | - | - | - | - | - | - | - | - | - | - |
Payments on acquisition-related liabilities | ||||||||||||||||||||||||
7,015 | 22,883 | 1,842 | 225 | 6,433 | 1,183 | 4,097 | 22,262 | 6,462 | 12,034 | 5,412 | 790 | 13,914 | - | - | - | - | - | - | - | - | - | - | - | - |
Distributions from partnership | ||||||||||||||||||||||||
2,500 | 0 | 0 | 0 | 2,500 | 0 | 0 | 60 | 2,509 | 49,377 | 30 | 0 | 2,579 | - | - | - | - | - | - | - | - | - | - | - | - |
Other | ||||||||||||||||||||||||
-908 | -1 | 1 | -1 | -501 | -30 | -9 | -84 | -1,820 | -21 | -13 | -100 | -732 | - | - | - | - | - | - | - | - | - | - | - | - |
Net cash (used in) provided by financing activities | ||||||||||||||||||||||||
-15,606 | -11,690 | -4,013 | -5,372 | 29,225 | -7,228 | -7,861 | -29,616 | 712 | -18,740 | 4,011 | 295,754 | 216,501 | - | - | - | - | - | - | - | - | - | - | - | - |
Impact of foreign currency on cash | ||||||||||||||||||||||||
-800 | 112 | -20 | 3 | 191 | -302 | 49 | -73 | -398 | -33 | 546 | 88 | 100 | - | - | - | - | - | - | - | - | - | - | - | - |
Net (decrease) increase in cash | ||||||||||||||||||||||||
-112,205 | 128,730 | 114,931 | 2,821 | -63,671 | 63,578 | 14,526 | -127,889 | -205,263 | 96,474 | -65,981 | 196,956 | 13,435 | - | - | - | - | - | - | - | - | - | - | - | - |