SUMMIT MATERIALS, INC. SUM Income Statement

Summit materials, inc. (SUM)

Income statement / Quarterly

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
Revenue:
Revenue from Contract with Customer [Abstract]
Revenue
367,190	556,528	732,082	600,891	332,639	491,030	694,661	600,890	314,421	490,024	634,181	524,093	284,277	422,973	529,437	445,274	228,379	401,462	471,905	364,943	193,987	334,086	394,759	324,295	151,091
Cost of revenue (excluding items shown separately below):
Cost of Goods and Services Sold
286,155	370,856	482,979	405,493	267,004	369,688	471,803	410,932	223,356	449,508	349,751	290,179	192,339	238,460	286,593	252,500	156,450	228,494	266,780	213,236	139,421	201,180	238,874	199,877	113,603
Total cost of revenue
-	-	-	-	-	-	-	-	247,861	-	409,545	335,904	217,572	274,044	335,820	285,138	176,790	270,424	312,399	249,170	158,269	241,226	285,497	231,762	128,675
General and administrative expenses
70,224	72,011	62,344	60,961	67,610	62,634	59,457	61,657	69,861	66,941	59,175	58,086	58,468	58,556	64,096	75,490	45,370	28,285	42,539	39,711	67,234	44,860	35,517	34,867	35,488
Depreciation, depletion, amortization and accretion
51,778	52,962	55,127	53,625	55,388	54,247	53,974	49,731	46,958	45,762	48,969	45,039	39,748	40,105	39,427	37,408	32,360	32,905	33,306	27,386	26,126	23,876	23,255	21,339	19,356
Transaction costs
753	773	751	390	308	421	1,260	1,291	1,266	1,259	2,581	2,620	1,273	1,507	1,684	290	3,316	1,475	304	6,376	1,364	817	2,741	2,405	2,591
Operating loss
-41,720	59,926	130,881	80,422	-57,671	28,545	108,167	77,279	-51,525	57,306	113,911	82,444	-32,784	48,761	88,410	46,948	-29,457	68,373	83,357	42,300	-59,006	23,307	47,749	33,922	-35,019
Interest expense
27,818	28,086	28,917	29,401	30,105	29,932	28,889	28,943	28,784	28,673	28,921	25,986	24,969	25,069	25,273	25,617	21,577	22,398	20,727	17,395	24,109	24,187	22,085	21,651	18,819
Loss on debt financings
0	0	0	0	-14,565	0	0	-149	0	-4,625	0	0	-190	-	-	-	-	-7,318	-32,641	-30,873	-799	-	-	-	-
Tax receivable agreement expense (benefit)
-	-	-	-	-	-	-	-	-	-	501,752	1,525	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on sale of business
-	-	0	-	-	-	12,108	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other loss (income), net
-89	3,623	1,875	3,676	2,803	3,574	3,371	916	7,655	1,340	2,716	590	657	-91	-722	-882	334	1,364	1,171	-102	-391	1,148	1,408	697	194
Loss from operations before taxes
-69,627	19,226	103,839	54,697	-99,538	24,871	94,757	49,103	-72,654	257,609	-414,046	55,523	-57,286	8,663	62,415	20,449	-50,700	40,021	31,160	-6,070	-84,305	268	27,072	12,968	-53,644
Income Tax Expense (Benefit)
-22,900	-17,200	45,600	16,700	-28,000	43,400	20,800	12,200	-16,700	213,076	-498,333	3,435	-2,178	2,613	1,309	-1,056	-8,166	-5,795	-2,655	-5,345	-4,468	-4,485	-1,038	-864	-596
Income (loss) from continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	33,815	-725	-	4,753	28,110	13,832	-53,048
Income from discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	57	758	-	-285	7	369	-20
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest
-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	83,948	33,872	-36,499	-79,837	4,468	28,117	14,201	-53,068
Net income attributable to noncontrolling interest in subsidiaries
-	-	-	-	-	-	-	-	-	0	59	12	-98	-41	92	44	-79	91	52	13	-1,982	-	-	-	-
Net loss attributable to Summit Holdings
-1,747	726	2,480	1,580	-2,729	536	2,703	1,404	-2,219	1,500	2,964	2,076	-2,566	6,380	16,194	8,090	-21,337	23,962	19,109	225	-67,704	-	-	-	-
Net loss attributable to Summit Inc.
-44,979	35,671	55,757	36,410	-68,772	-19,163	71,289	35,509	-53,729	43,010	81,264	50,000	-52,444	-290	44,820	13,371	-21,118	23,363	14,711	-205	-10,151	-	-	-	-
Earnings Per Share [Abstract]
Diluted (usd per share)
-	-	-	-	-	-	-	-	-	-	-	0.46	-	-	-	-	-	-	-	-	-	-	-	-	-
Weighted average shares of Class A common stock:
Product
Revenue
305,307	430,463	554,721	467,637	271,641	370,563	512,822	459,967	256,807	361,637	465,556	397,726	225,017	315,329	386,236	341,341	180,102	295,633	338,020	261,270	148,920	225,929	258,860	221,323	100,168
Cost of Goods and Services Sold
232,504	269,960	338,119	294,857	213,726	244,378	321,586	295,147	197,433	220,420	277,301	233,592	166,968	192,126	224,868	202,029	132,396	185,151	207,500	163,632	119,791	155,405	176,967	150,137	84,477
Service
Revenue
37,099	75,796	111,126	84,954	34,309	74,527	112,195	89,268	33,109	78,973	108,831	80,642	34,027	72,060	93,974	71,295	27,937	63,899	88,266	67,739	26,219	68,111	89,276	71,087	35,851
Cost of Goods and Services Sold
28,867	50,627	78,625	62,336	26,589	54,865	80,573	64,130	25,923	48,922	72,450	56,587	25,371	46,334	61,725	50,471	24,054	43,343	59,280	49,604	19,630	45,775	61,907	49,740	29,126
Excluding delivery and subcontract revenue
Revenue
342,406	506,259	665,847	552,591	305,950	445,090	625,017	549,235	289,916	440,610	574,387	478,368	259,044	387,389	480,210	412,636	208,039	359,532	426,286	329,009	175,139	294,040	348,136	292,410	136,019
Cost of Goods and Services Sold
261,371	320,587	416,744	357,193	240,315	-	402,159	359,277	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Delivery and subcontract revenue
Revenue
24,784	50,269	66,235	48,300	26,689	45,940	69,644	51,655	24,505	49,414	59,794	45,725	25,233	35,584	49,227	32,638	20,340	41,930	45,619	35,934	18,848	40,046	46,623	31,885	15,072
Cost of Goods and Services Sold
24,784	50,269	66,235	48,300	26,689	45,940	69,644	51,655	24,505	49,414	59,794	45,725	25,233	35,584	49,227	32,638	20,340	41,930	45,619	35,934	18,848	40,046	46,623	31,885	15,072
Summit Materials, LLC
Revenue
367,190	556,528	732,082	600,891	332,639	491,030	694,661	600,890	314,421	490,024	634,181	524,093	284,277	-	-	-	-	-	-	-	-	-	-	-	-
Product
-	-	-	-	-	-	-	-	256,807	-	465,556	397,726	225,017	-	-	-	-	-	-	-	-	-	-	-	-
Service
-	-	-	-	-	-	-	-	33,109	-	108,831	80,642	34,027	-	-	-	-	-	-	-	-	-	-	-	-
Net revenue
-	-	-	-	-	-	-	-	289,916	-	574,387	478,368	259,044	-	-	-	-	-	-	-	-	-	-	-	-
Delivery and subcontract revenue
-	-	-	-	-	-	-	-	24,505	-	59,794	45,725	25,233	-	-	-	-	-	-	-	-	-	-	-	-
Product
-	-	-	-	-	-	-	-	197,433	-	277,301	233,592	166,968	-	-	-	-	-	-	-	-	-	-	-	-
Service
-	-	-	-	-	-	-	-	25,923	-	72,450	56,587	25,371	-	-	-	-	-	-	-	-	-	-	-	-
Cost of Goods and Services Sold
286,155	370,856	482,979	405,493	267,004	369,688	471,803	410,932	223,356	449,508	349,751	290,179	192,339	-	-	-	-	-	-	-	-	-	-	-	-
Delivery and subcontract cost
-	-	-	-	-	-	-	-	24,505	-	59,794	45,725	25,233	-	-	-	-	-	-	-	-	-	-	-	-
Total cost of revenue
-	-	-	-	-	-	-	-	247,861	-	409,545	335,904	217,572	-	-	-	-	-	-	-	-	-	-	-	-
General and administrative expenses
70,224	72,011	62,344	60,961	67,610	62,634	59,457	61,657	69,861	66,941	59,175	58,086	58,468	-	-	-	-	-	-	-	-	-	-	-	-
Depreciation, depletion, amortization and accretion
51,778	52,962	55,127	53,625	55,388	54,247	53,974	49,731	46,958	45,762	48,969	45,039	39,748	-	-	-	-	-	-	-	-	-	-	-	-
Transaction costs
753	773	751	390	308	421	1,260	1,291	1,266	1,259	2,581	2,620	1,273	-	-	-	-	-	-	-	-	-	-	-	-
Operating loss
-41,720	59,926	130,881	80,422	-57,671	28,545	108,167	77,279	-51,525	57,306	113,911	82,444	-32,784	-	-	-	-	-	-	-	-	-	-	-	-
Interest expense
27,700	27,968	28,800	29,283	29,937	29,765	28,720	28,776	28,570	28,460	28,708	25,772	24,715	-	-	-	-	-	-	-	-	-	-	-	-
Loss on debt financings
0	0	0	0	-14,565	0	0	-149	0	-4,625	0	0	-190	-	-	-	-	-	-	-	-	-	-	-	-
Gain on sale of business
-	-	0	-	-	-	12,108	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other loss (income), net
-89	3,623	1,875	3,676	2,803	3,574	3,371	916	7,655	1,326	2,716	590	657	-	-	-	-	-	-	-	-	-	-	-	-
Loss from operations before taxes
-69,509	35,581	103,956	54,815	-99,370	2,354	94,926	49,270	-72,440	25,547	87,919	57,262	-57,032	-	-	-	-	-	-	-	-	-	-	-	-
Income Tax Expense (Benefit)
-5,884	-5,880	18,757	1,314	-7,806	6,950	4,499	2,668	-3,844	-26,888	5,286	3,435	-2,178	-	-	-	-	-	-	-	-	-	-	-	-
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest
-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	-	-	-	-	-	-	-	-	-	-	-	-
Net income attributable to noncontrolling interest
-	-	-	-	-	-	-	-	-	0	59	12	-98	-	-	-	-	-	-	-	-	-	-	-	-
Net loss attributable to Summit Inc.
-63,625	41,461	85,199	53,501	-91,564	-4,596	90,427	46,602	-68,596	52,435	82,574	53,815	-54,756	-	-	-	-	-	-	-	-	-	-	-	-
Class A Common Stock
Basic (usd per share)
-0.40	0.33	0.50	0.32	-0.62	-0.17	0.64	0.32	-0.49	0.41	0.74	0.46	-0.49	-	-	-	-	-	-	-	-	-	-	-	-
Diluted (usd per share)
-0.40	0.34	0.48	0.32	-0.62	-0.17	0.64	0.32	-0.49	0.41	0.73	0.46	-0.49	-	-	-	-	-	-	-	-	-	-	-	-
Weighted Average Number of Shares Outstanding, Basic
113,602	112,755	112,179	112,070	111,811	111,656	111,641	111,564	110,659	110,128	109,545	108,419	106,692	-	-	-	-	-	-	-	-	-	-	-	-
Diluted (in shares)
113,602	111,239	115,505	112,182	111,811	114,084	111,940	112,583	110,659	111,016	110,824	109,429	106,692	-	-	-	-	-	-	-	-	-	-	-	-