Supplemental Guarantor Information (Tables)

12 Months Ended

Sep. 30, 2017

Organization Consolidation And Presentation Of Financial Statements [Abstract]

Condensed Consolidated Balance Sheets

BEACON ROOFING SUPPLY, INC.

Condensed Consolidating Balance Sheets

(Unaudited; In thousands)

	September 30, 2017
	Parent		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Eliminations and Other			Consolidated
Assets
Current assets:
Cash and cash equivalents	$	-	$	149,799	$	1,582	$	(13,131	)	$	138,250
Accounts receivable, net		-		663,034		42,633		(1,140	)		704,527
Inventories, net		-		527,226		24,698		-			551,924
Prepaid expenses and other current assets		4,195		198,817		6,126		-			209,138
Total current assets		4,195		1,538,876		75,039		(14,271	)		1,603,839
Intercompany receivable, net		-		655,372		-		(655,372	)		-
Investments in consolidated subsidiaries		3,160,273		-		-		(3,160,273	)		-
Deferred income taxes, net		30,822		-		-		(30,822	)		-
Property and equipment, net		6,610		138,955		10,564		-			156,129
Goodwill		-		1,220,812		31,174		-			1,251,986
Intangibles, net		-		426,187		2,882		-			429,069
Other assets, net		2,912		5,622		-		-			8,534
Total Assets	$	3,204,812	$	3,985,824	$	119,659	$	(3,860,738	)	$	3,449,557
Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable	$	27,174	$	468,891	$	21,903	$	(14,271	)	$	503,697
Accrued expenses		51,183		204,173		5,941		-			261,297
Current portions of long-term debt		4,500		9,641		-		-			14,141
Total current liabilities		82,857		682,705		27,844		(14,271	)		779,135
Intercompany payable, net		618,881		-		36,491		(655,372	)		-
Borrowings under revolving lines of credit, net		-		-		3,205		-			3,205
Long-term debt, net		721,268		-		-		-			721,268
Deferred income taxes, net		-		168,209		996		(30,822	)		138,383
Long-term obligations under equipment financing and other, net		-		25,694		66		-			25,760
Total liabilities		1,423,006		876,608		68,602		(700,465	)		1,667,751
Total stockholders' equity		1,781,806		3,109,216		51,057		(3,160,273	)		1,781,806
Total Liabilities and Stockholders' Equity	$	3,204,812	$	3,985,824	$	119,659	$	(3,860,738	)	$	3,449,557

BEACON ROOFING SUPPLY, INC.

Condensed Consolidating Balance Sheets

(Unaudited; In thousands)

	September 30, 2016
	Parent		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Eliminations and Other			Consolidated
Assets
Current assets:
Cash and cash equivalents	$	-	$	37,447	$	2,876	$	(8,937	)	$	31,386
Accounts receivable, net		-		593,395		34,710		(1,140	)		626,965
Inventories, net		-		460,516		20,220		-			480,736
Prepaid expenses and other current assets		3,527		153,681		5,895		-			163,103
Total current assets		3,527		1,245,039		63,701		(10,077	)		1,302,190
Intercompany receivable, net		-		878,931		-		(878,931	)		-
Investments in consolidated subsidiaries		2,891,677		-		-		(2,891,677	)		-
Deferred income taxes, net		59,567		-		-		(59,567	)		-
Property and equipment, net		4,626		133,897		10,046		-			148,569
Goodwill		-		1,167,905		29,660		-			1,197,565
Intangibles, net		-		460,696		3,328		-			464,024
Other assets, net		1,242		269		-		-			1,511
Total Assets	$	2,960,639	$	3,886,737	$	106,735	$	(3,840,252	)	$	3,113,859
Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable	$	26,630	$	329,895	$	14,467	$	(10,077	)	$	360,915
Accrued expenses		42,594		114,016		4,503		-			161,113
Current portions of long-term obligations		4,500		10,311		-		-			14,811
Total current liabilities		73,724		454,222		18,970		(10,077	)		536,839
Intercompany payable, net		840,159		-		38,772		(878,931	)		-
Borrowings under revolving lines of credit, net		-		355,087		4,574		-			359,661
Long-term debt, net		722,929		-		-		-			722,929
Deferred income taxes, net		-		194,556		493		(59,567	)		135,482
Long-term obligations under equipment    financing and other, net		-		35,074		47		-			35,121
Total liabilities		1,636,812		1,038,939		62,856		(948,575	)		1,790,032
Total stockholders' equity		1,323,827		2,847,798		43,879		(2,891,677	)		1,323,827
Total Liabilities and Stockholders' Equity	$	2,960,639	$	3,886,737	$	106,735	$	(3,840,252	)	$	3,113,859

Condensed Consolidated Statements of Operations

BEACON ROOFING SUPPLY, INC.

Condensed Consolidating Statements of Operations

(Unaudited; In thousands, except share and per share amounts)

	Year Ended September 30, 2017
	Parent			Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Eliminations and Other			Consolidated
Net sales	$	-		$	4,198,935	$	177,735	$	-		$	4,376,670
Cost of products sold		-			3,162,896		137,835		-			3,300,731
Gross profit		-			1,036,039		39,900		-			1,075,939
Operating expense		28,496			798,328		33,019		-			859,843
Intercompany charges (income)		(4,664	)		4,342		322		-			-
Income (loss) from operations		(23,832	)		233,369		6,559		-			216,096
Interest expense, financing costs, and other		38,660			14,033		58		-			52,751
Intercompany interest expense (income)		(24,458	)		22,927		1,531		-			-
Income (loss) before provision for income taxes		(38,034	)		196,409		4,970		-			163,345
Provision for (benefit from) income taxes		(3,284	)		64,399		1,366		-			62,481
Income (loss) before equity in net income of subsidiaries		(34,750	)		132,010		3,604		-			100,864
Equity in net income of subsidiaries		135,614			-		-		(135,614	)		-
Net income	$	100,864		$	132,010	$	3,604	$	(135,614	)	$	100,864
Weighted-average common stock outstanding:
Basic												60,315,648
Diluted												61,344,263
Net income per share:
Basic											$	1.67
Diluted											$	1.64

BEACON ROOFING SUPPLY, INC.

Condensed Consolidating Statements of Operations

(Unaudited; In thousands, except share and per share amounts)

	Year Ended September 30, 2016
	Parent			Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Eliminations and Other			Consolidated
Net sales	$	-		$	3,949,313	$	178,042	$	(246	)	$	4,127,109
Cost of products sold		-			2,977,174		137,112		(246	)		3,114,040
Gross profit		-			972,139		40,930		-			1,013,069
Operating expenses		59,949			715,669		32,467		-			808,085
Intercompany charges (income)		(51,942	)		49,285		2,657		-			-
Income (loss) from operations		(8,007	)		207,185		5,806		-			204,984
Interest expense, financing costs, and other		42,835			14,965		652		-			58,452
Intercompany interest expense (income)		(21,536	)		19,928		1,608		-			-
Income (loss) before provision for income taxes		(29,306	)		172,292		3,546		-			146,532
Provision for (benefit from) income taxes		(472	)		55,613		1,474		-			56,615
Income (loss) before equity in net income of subsidiaries		(28,834	)		116,679		2,072		-			89,917
Equity in net income of subsidiaries		118,751			-		-		(118,751	)		-
Net income	$	89,917		$	116,679	$	2,072	$	(118,751	)	$	89,917
Weighted-average common stock outstanding:
Basic												59,424,372
Diluted												60,418,067
Net income per share:
Basic											$	1.51
Diluted											$	1.49

BEACON ROOFING SUPPLY, INC.

Condensed Consolidating Statements of Operations

(Unaudited; In thousands, except share and per share amounts)

	Year Ended September 30, 2015
	Parent			Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Eliminations and Other			Consolidated
Net sales	$	-		$	2,331,829	$	183,809	$	(469	)	$	2,515,169
Cost of products sold		-			1,778,196		142,077		(469	)		1,919,804
Gross profit		-			553,633		41,732		-			595,365
Operating expenses		44,937			399,901		33,446		-			478,284
Intercompany charges (income)		(36,085	)		34,264		1,821		-			-
Income (loss) from operations		(8,852	)		119,468		6,465		-			117,081
Interest expense, financing costs, and other		9,508			740		789		-			11,037
Intercompany interest expense (income)		(15,762	)		14,174		1,588		-			-
Income before provision for income taxes		(2,598	)		104,554		4,088		-			106,044
Provision for income taxes		(1,087	)		43,765		1,089		-			43,767
Income before equity in net income of subsidiaries		(1,511	)		60,789		2,999		-			62,277
Equity in net income of subsidiaries		63,788			-		-		(63,788	)		-
Net income	$	62,277		$	60,789	$	2,999	$	(63,788	)	$	62,277
Weighted-average common stock outstanding:
Basic												49,578,130
Diluted												50,173,478
Net income per share:
Basic											$	1.26
Diluted											$	1.24

Condensed Consolidated Statements of Comprehensive Income

BEACON ROOFING SUPPLY, INC.

Condensed Consolidating Statements of Comprehensive Income

(Unaudited; In thousands)

	Year Ended September 30, 2017
	Parent		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Eliminations and Other			Consolidated
Net income (loss)	$	100,864	$	132,010	$	3,604	$	(135,614	)	$	100,864
Other comprehensive income:
Foreign currency translation adjustment		3,706		-		3,706		(3,706	)		3,706
Total other comprehensive income		3,706		-		3,706		(3,706	)		3,706
Comprehensive income (loss)	$	104,570	$	132,010	$	7,310	$	(139,320	)	$	104,570

	Year Ended September 30, 2016
	Parent		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Eliminations and Other			Consolidated
Net income	$	89,917	$	116,679	$	2,072	$	(118,751	)	$	89,917
Other comprehensive income:
Foreign currency translation adjustment		1,024		-		1,024		(1,024	)		1,024
Total other comprehensive income		1,024		-		1,024		(1,024	)		1,024
Comprehensive income	$	90,941	$	116,679	$	3,096	$	(119,775	)	$	90,941

	Year Ended September 30, 2015
	Parent			Guarantor Subsidiaries		Non-Guarantor Subsidiaries			Eliminations and Other			Consolidated
Net income	$	62,277		$	60,789	$	2,999		$	(63,788	)	$	62,277
Other comprehensive income (loss):
Foreign currency translation adjustment		(14,003	)		-		(14,003	)		14,003			(14,003	)
Unrealized loss due to change in fair    value of derivatives, net of tax		(138	)		-		-			-			(138	)
Total other comprehensive income (loss)		(14,141	)		-		(14,003	)		14,003			(14,141	)
Comprehensive income (loss)	$	48,136		$	60,789	$	(11,004	)	$	(49,785	)	$	48,136

Condensed Consolidated Statements of Cash Flows

BEACON ROOFING SUPPLY, INC.

Condensed Consolidating Statements of Cash Flows

(Unaudited; In thousands)

	Year Ended September 30, 2017
	Parent			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations and Other			Consolidated
Net cash provided by (used in) operating activities	$	(2,466	)	$	313,396		$	4,888		$	(618	)	$	315,200
Investing Activities
Purchases of property and equipment		(3,517	)		(34,584	)		(1,727	)		-			(39,828	)
Acquisition of businesses		(129,390	)		-			-			-			(129,390	)
Proceeds from the sale of assets		-			2,150			83			-			2,233
Intercompany activity		(203,163	)		-			-			203,163			-
Net cash used in investing activities		(336,070	)		(32,434	)		(1,644	)		203,163			(166,985	)
Financing Activities
Borrowings under revolving lines of credit		-			2,445,084			19,044			-			2,464,128
Repayments under revolving lines of credit		-			(2,812,663	)		(20,567	)		-			(2,833,230	)
Repayments under term loan		(4,500	)		-			-			-			(4,500	)
Repayments under equipment financing facilities and other		-			(10,049	)		15			-			(10,034	)
Payment of debt issuance costs		(1,669	)		-			-			-			(1,669	)
Proceeds from secondary offering of common stock		345,503			-			-			-			345,503
Payment of issuance costs from secondary offering of common stock		(14,684	)		-			-			-			(14,684	)
Proceeds from issuance of common stock related to equity awards		11,341			-			-			-			11,341
Taxes paid related to net share settlement of equity awards		(392	)		-			-			-			(392	)
Excess tax benefit from stock-based compensation		2,937			-			-			-			2,937
Intercompany activity		-			209,018			(2,279	)		(206,739	)		-
Net cash provided by (used in) financing activities		338,536			(168,610	)		(3,787	)		(206,739	)		(40,600	)
Effect of exchange rate changes on cash and cash equivalents		-			-			(751	)		-			(751	)
Net increase (decrease) in cash and cash equivalents		-			112,352			(1,294	)		(4,194	)		106,864
Cash and cash equivalents, beginning of period		-			37,447			2,876			(8,937	)		31,386
Cash and cash equivalents, end of period	$	-		$	149,799		$	1,582		$	(13,131	)	$	138,250

 BEACON ROOFING SUPPLY, INC.

Condensed Consolidating Statements of Cash Flows

(Unaudited; In thousands)

	Year Ended September 30, 2016
	Parent			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations and Other			Consolidated
Net cash provided by (used in) operating activities	$	(22,799	)	$	143,427		$	4,751		$	(4,731	)	$	120,648
Investing Activities
Purchases of property and equipment		(3,654	)		(20,008	)		(2,653	)		-			(26,315	)
Acquisition of businesses		(1,018,188	)		-			-			-			(1,018,188	)
Proceeds from the sale of assets		-			1,882			-			-			1,882
Intercompany activity		475,099			-			-			(475,099	)		-
Net cash used in investing activities		(546,743	)		(18,126	)		(2,653	)		(475,099	)		(1,042,621	)
Financing Activities
Borrowings under revolving lines of credit		-			1,877,729			14,730			-			1,892,459
Repayments under revolving lines of credit		-			(1,520,003	)		(21,529	)		-			(1,541,532	)
Borrowings under term loan		490,793			-			-			-			490,793
Repayments under term loan		(230,918	)		-			-			-			(230,918	)
Repayments under equipment financing facilities and other		(45	)		(4,659	)		(20	)		-			(4,724	)
Borrowings under Senior Notes		300,000			-			-			-			300,000
Payment of debt issuance costs		(19,402	)		(8,923	)		-			-			(28,325	)
Proceeds from issuance of common stock		24,160			-			-			-			24,160
Taxes paid related to net share settlement of equity awards		(2	)		-			-			-			(2	)
Excess tax benefit from stock-based compensation		4,956			-			-			-			4,956
Intercompany activity		-			(474,814	)		(285	)		475,099			-
Net cash provided by (used in) financing activities		569,542			(130,670	)		(7,104	)		475,099			906,867
Effect of exchange rate changes on cash and cash equivalents		-			-			831			-			831
Net decrease in cash and cash equivalents		-			(5,369	)		(4,175	)		(4,731	)		(14,275	)
Cash and cash equivalents, beginning of period		-			42,816			7,051			(4,206	)		45,661
Cash and cash equivalents, end of period	$	-		$	37,447		$	2,876		$	(8,937	)	$	31,386

BEACON ROOFING SUPPLY, INC.

Condensed Consolidating Statements of Cash Flows

(Unaudited; In thousands)

	Year Ended September 30, 2015
	Parent			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations and Other			Consolidated
Net cash provided by operating activities	$	1,776		$	100,760		$	4,188		$	2,616		$	109,340
Investing Activities
Purchases of property and equipment		(397	)		(18,649	)		(1,756	)		-			(20,802	)
Acquisition of businesses		(85,301	)		-			-			-			(85,301	)
Proceeds from the sale of assets		-			1,389			-			-			1,389
Intercompany activity		93,503			-			-			(93,503	)		-
Net cash provided by (used in) investing activities		7,805			(17,260	)		(1,756	)		(93,503	)		(104,714	)
Financing Activities
Borrowings under revolving lines of credit		552,545			-			8,089			-			560,634
Repayments under revolving lines of credit		(560,345	)		-			(5,662	)		-			(566,007	)
Repayments under term loan		(11,250	)		-			-			-			(11,250	)
Repayments under equipment financing facilities and other		-			(5,553	)		-			-			(5,553	)
Proceeds from issuance of common stock		7,943			-			-			-			7,943
Excess tax benefit from stock-based compensation		1,526			-			-			-			1,526
Intercompany activity		-			(93,184	)		(319	)		93,503			-
Net cash provided by (used in) financing activities		(9,581	)		(98,737	)		2,108			93,503			(12,707	)
Effect of exchange rate changes on cash and cash equivalents		-			-			(730	)		-			(730	)
Net increase (decrease) in cash and cash equivalents		-			(15,237	)		3,810			2,616			(8,811	)
Cash and cash equivalents, beginning of period		-			58,053			3,241			(6,822	)		54,472
Cash and cash equivalents, end of period	$	-		$	42,816		$	7,051		$	(4,206	)	$	45,661