Segment Information (Tables)
|
12 Months Ended |
Jan. 02, 2016 |
Summary of Financial Data for Company's Reportable Business Segments |
The following tables display selected financial data for the
Company’s reportable business segments as of and for the
years ended January 2, 2016, December 27, 2014 and December
28, 2013:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2015 |
|
|
2014 |
|
|
2013 |
|
Revenue:
|
|
|
|
|
|
|
|
|
|
|
|
|
West
|
|
$ |
804,503 |
|
|
$ |
665,716 |
|
|
$ |
426,195 |
|
East
|
|
|
432,310 |
|
|
|
432,942 |
|
|
|
398,302 |
|
Cement
|
|
|
195,484 |
|
|
|
105,573 |
|
|
|
91,704 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total revenue
|
|
$ |
1,432,297 |
|
|
$ |
1,204,231 |
|
|
$ |
916,201 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2015 |
|
|
2014 |
|
|
2013 |
|
Adjusted EBITDA
|
|
|
|
|
|
|
|
|
|
|
|
|
West
|
|
$ |
150,764 |
|
|
$ |
102,272 |
|
|
$ |
42,300 |
|
East
|
|
|
92,303 |
|
|
|
73,822 |
|
|
|
67,146 |
|
Cement
|
|
|
74,845 |
|
|
|
35,133 |
|
|
|
36,647 |
|
Corporate and other
|
|
|
(30,384 |
) |
|
|
(22,194 |
) |
|
|
(16,046 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Total reportable segments and corporate
|
|
|
287,528 |
|
|
|
189,033 |
|
|
|
130,047 |
|
Interest expense
|
|
|
84,629 |
|
|
|
86,742 |
|
|
|
56,443 |
|
Depreciation, depletion and amortization
|
|
|
118,321 |
|
|
|
86,955 |
|
|
|
72,217 |
|
Accretion
|
|
|
1,402 |
|
|
|
871 |
|
|
|
717 |
|
Initial public offering costs
|
|
|
28,296 |
|
|
|
— |
|
|
|
— |
|
Loss on debt financings
|
|
|
71,631 |
|
|
|
— |
|
|
|
3,115 |
|
Goodwill impairment
|
|
|
— |
|
|
|
— |
|
|
|
68,202 |
|
Acquisition transaction expenses
|
|
|
9,519 |
|
|
|
8,554 |
|
|
|
3,990 |
|
Management fees and expenses
|
|
|
1,046 |
|
|
|
4,933 |
|
|
|
2,620 |
|
Non-cash compensation
|
|
|
5,448 |
|
|
|
2,235 |
|
|
|
2,315 |
|
(Gain) loss on disposal and impairment of assets
|
|
|
(16,561 |
) |
|
|
8,735 |
|
|
|
12,419 |
|
Other
|
|
|
2,991 |
|
|
|
3,344 |
|
|
|
13,807 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Loss from continuing operations before taxes
|
|
$ |
(19,194 |
) |
|
$ |
(13,336 |
) |
|
$ |
(105,798 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2015 |
|
|
2014 |
|
|
2013 |
|
Cash paid for capital expenditures:
|
|
|
|
|
|
|
|
|
|
|
|
|
West
|
|
$ |
39,896 |
|
|
$ |
31,968 |
|
|
$ |
21,856 |
|
East
|
|
|
26,268 |
|
|
|
23,702 |
|
|
|
15,189 |
|
Cement
|
|
|
17,151 |
|
|
|
15,959 |
|
|
|
25,594 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total reportable segments
|
|
|
83,315 |
|
|
|
71,629 |
|
|
|
62,639 |
|
Corporate and other
|
|
|
5,635 |
|
|
|
4,533 |
|
|
|
3,360 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total capital expenditures
|
|
$ |
88,950 |
|
|
$ |
76,162 |
|
|
$ |
65,999 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2015 |
|
|
2014 |
|
|
2013 |
|
Depreciation, depletion, amortization and accretion:
|
|
|
|
|
|
|
|
|
|
|
|
|
West
|
|
$ |
53,727 |
|
|
$ |
33,271 |
|
|
$ |
24,167 |
|
East
|
|
|
38,923 |
|
|
|
38,035 |
|
|
|
36,489 |
|
Cement
|
|
|
24,758 |
|
|
|
15,052 |
|
|
|
11,812 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total reportable segments
|
|
|
117,408 |
|
|
|
86,358 |
|
|
|
72,468 |
|
Corporate and other
|
|
|
2,315 |
|
|
|
1,468 |
|
|
|
466 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total depreciation, depletion, amortization and accretion
|
|
$ |
119,723 |
|
|
$ |
87,826 |
|
|
$ |
72,934 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2015 |
|
|
2014 |
|
|
2013 |
|
Total assets:
|
|
|
|
|
|
|
|
|
|
|
|
|
West
|
|
$ |
821,479 |
|
|
$ |
771,234 |
|
|
$ |
376,190 |
|
East
|
|
|
545,187 |
|
|
|
553,843 |
|
|
|
482,380 |
|
Cement
|
|
|
843,941 |
|
|
|
364,351 |
|
|
|
361,079 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total reportable segments
|
|
|
2,210,607 |
|
|
|
1,689,428 |
|
|
|
1,219,649 |
|
Corporate and other
|
|
|
185,572 |
|
|
|
23,225 |
|
|
|
18,031 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total
|
|
$ |
2,396,179 |
|
|
$ |
1,712,653 |
|
|
$ |
1,237,680 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2015 |
|
|
2014 |
|
|
2013 |
|
Revenue by product:*
|
|
|
|
|
|
|
|
|
|
|
|
|
Aggregates
|
|
$ |
296,960 |
|
|
$ |
227,885 |
|
|
$ |
159,508 |
|
Cement
|
|
|
181,901 |
|
|
|
94,402 |
|
|
|
80,757 |
|
Ready-mixed concrete
|
|
|
350,554 |
|
|
|
274,970 |
|
|
|
112,878 |
|
Asphalt
|
|
|
292,193 |
|
|
|
278,867 |
|
|
|
220,060 |
|
Paving and related services
|
|
|
504,459 |
|
|
|
530,297 |
|
|
|
478,280 |
|
Other
|
|
|
(193,770 |
) |
|
|
(202,190 |
) |
|
|
(135,282 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Total revenue
|
|
$ |
1,432,297 |
|
|
$ |
1,204,231 |
|
|
$ |
916,201 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
* |
Revenue by product includes
intercompany and intracompany sales transferred at market value.
The elimination of intracompany transactions is included in Other.
Revenue from the liquid asphalt terminals is included in asphalt
revenue. |
|
Summit Materials, LLC [Member] |
|
Summary of Financial Data for Company's Reportable Business Segments |
The following tables display selected financial data for the
Company’s reportable business segments as of and for the
years ended January 2, 2016, December 27, 2014 and December
28, 2013:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2015 |
|
|
2014 |
|
|
2013 |
|
Revenue:
|
|
|
|
|
|
|
|
|
|
|
|
|
West
|
|
$ |
804,503 |
|
|
$ |
665,716 |
|
|
$ |
426,195 |
|
East
|
|
|
432,310 |
|
|
|
432,942 |
|
|
|
398,302 |
|
Cement
|
|
|
195,484 |
|
|
|
105,573 |
|
|
|
91,704 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total revenue
|
|
$ |
1,432,297 |
|
|
$ |
1,204,231 |
|
|
$ |
916,201 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2015 |
|
|
2014 |
|
|
2013 |
|
Adjusted EBITDA
|
|
|
|
|
|
|
|
|
|
|
|
|
West
|
|
$ |
150,764 |
|
|
$ |
102,272 |
|
|
$ |
42,300 |
|
East
|
|
|
92,303 |
|
|
|
73,822 |
|
|
|
67,146 |
|
Cement
|
|
|
74,845 |
|
|
|
35,133 |
|
|
|
36,647 |
|
Corporate and other
|
|
|
(30,384 |
) |
|
|
(22,194 |
) |
|
|
(16,046 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Total reportable segments and corporate
|
|
|
287,528 |
|
|
|
189,033 |
|
|
|
130,047 |
|
Interest expense
|
|
|
83,757 |
|
|
|
86,742 |
|
|
|
56,443 |
|
Depreciation, depletion and amortization
|
|
|
118,321 |
|
|
|
86,955 |
|
|
|
72,217 |
|
Accretion
|
|
|
1,402 |
|
|
|
871 |
|
|
|
717 |
|
Initial public offering costs
|
|
|
28,296 |
|
|
|
— |
|
|
|
— |
|
Loss on debt financings
|
|
|
71,631 |
|
|
|
— |
|
|
|
3,115 |
|
Goodwill impairment
|
|
|
— |
|
|
|
— |
|
|
|
68,202 |
|
Acquisition transaction expenses
|
|
|
9,519 |
|
|
|
8,554 |
|
|
|
3,990 |
|
Management fees and expenses
|
|
|
1,046 |
|
|
|
4,933 |
|
|
|
2,620 |
|
Non-cash compensation
|
|
|
5,448 |
|
|
|
2,235 |
|
|
|
2,315 |
|
(Gain) loss on disposal and impairment of assets
|
|
|
(16,561 |
) |
|
|
8,735 |
|
|
|
12,419 |
|
Other
|
|
|
2,991 |
|
|
|
3,344 |
|
|
|
13,807 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Loss from continuing operations before taxes
|
|
$ |
(18,322 |
) |
|
$ |
(13,336 |
) |
|
$ |
(105,798 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2015 |
|
|
2014 |
|
|
2013 |
|
Cash paid for capital expenditures:
|
|
|
|
|
|
|
|
|
|
|
|
|
West
|
|
$ |
39,896 |
|
|
$ |
31,968 |
|
|
$ |
21,856 |
|
East
|
|
|
26,268 |
|
|
|
23,702 |
|
|
|
15,189 |
|
Cement
|
|
|
17,151 |
|
|
|
15,959 |
|
|
|
25,594 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total reportable segments
|
|
|
83,315 |
|
|
|
71,629 |
|
|
|
62,639 |
|
Corporate and other
|
|
|
5,635 |
|
|
|
4,533 |
|
|
|
3,360 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total capital expenditures
|
|
$ |
88,950 |
|
|
$ |
76,162 |
|
|
$ |
65,999 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2015 |
|
|
2014 |
|
|
2013 |
|
Depreciation, depletion, amortization and accretion:
|
|
|
|
|
|
|
|
|
|
|
|
|
West
|
|
$ |
53,727 |
|
|
$ |
33,271 |
|
|
$ |
24,167 |
|
East
|
|
|
38,923 |
|
|
|
38,035 |
|
|
|
36,489 |
|
Cement
|
|
|
24,758 |
|
|
|
15,052 |
|
|
|
11,812 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total reportable segments
|
|
|
117,408 |
|
|
|
86,358 |
|
|
|
72,468 |
|
Corporate and other
|
|
|
2,315 |
|
|
|
1,468 |
|
|
|
466 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total depreciation, depletion, amortization and accretion
|
|
$ |
119,723 |
|
|
$ |
87,826 |
|
|
$ |
72,934 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2015 |
|
|
2014 |
|
|
2013 |
|
Total assets:
|
|
|
|
|
|
|
|
|
|
|
|
|
West
|
|
$ |
821,479 |
|
|
$ |
771,234 |
|
|
$ |
376,190 |
|
East
|
|
|
545,187 |
|
|
|
553,843 |
|
|
|
482,380 |
|
Cement
|
|
|
843,941 |
|
|
|
364,351 |
|
|
|
361,079 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total reportable segments
|
|
|
2,210,607 |
|
|
|
1,689,428 |
|
|
|
1,219,649 |
|
Corporate and other
|
|
|
184,555 |
|
|
|
23,225 |
|
|
|
14,765 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total
|
|
$ |
2,395,162 |
|
|
$ |
1,712,653 |
|
|
$ |
1,234,414 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2015 |
|
|
2014 |
|
|
2013 |
|
Revenue by product:*
|
|
|
|
|
|
|
|
|
|
|
|
|
Aggregates
|
|
$ |
296,960 |
|
|
$ |
227,885 |
|
|
$ |
159,508 |
|
Cement
|
|
|
181,901 |
|
|
|
94,402 |
|
|
|
80,757 |
|
Ready-mixed concrete
|
|
|
350,554 |
|
|
|
274,970 |
|
|
|
112,878 |
|
Asphalt
|
|
|
292,193 |
|
|
|
278,867 |
|
|
|
220,060 |
|
Paving and related services
|
|
|
504,459 |
|
|
|
530,297 |
|
|
|
478,280 |
|
Other
|
|
|
(193,770 |
) |
|
|
(202,190 |
) |
|
|
(135,282 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Total revenue
|
|
$ |
1,432,297 |
|
|
$ |
1,204,231 |
|
|
$ |
916,201 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
* |
Revenue by product includes
intercompany and intracompany sales transferred at market value.
The elimination of intracompany transactions is included in Other.
Revenue from the liquid asphalt terminals is included in asphalt
revenue. |
|