XML 93 R4.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Consolidated Statements of Operations - USD ($)
$ in Thousands
12 Months Ended
Dec. 28, 2019
Dec. 29, 2018
Dec. 30, 2017
Revenue:      
Revenue $ 2,222,140 $ 2,101,002 $ 1,932,575
Cost of revenue (excluding items shown separately below):      
Cost of revenue 1,526,332 1,475,779 1,281,777
General and administrative expenses 262,926 253,609 242,670
Depreciation, depletion, amortization and accretion 217,102 204,910 179,518
Transaction costs 2,222 4,238 7,733
Operating income 213,558 162,466 220,877
Interest expense 116,509 116,548 108,549
Loss on debt financings 14,565 149 4,815
Tax receivable agreement expense (benefit) 16,237 (22,684) 271,016
Gain on sale of business 0 (12,108) 0
Other income, net (11,977) (15,516) (5,303)
Income (loss) from operations before taxes 78,224 96,077 (158,200)
Income tax expense (benefit) 17,101 59,747 (283,977)
Net income 61,123 36,330 125,777
Net income attributable to noncontrolling interest in subsidiaries 0 0 (27)
Net income attributable to Summit Holdings 2,057 2,424 3,974
Net income attributable to Summit Inc. 59,066 33,906 121,830
Summit Materials, LLC      
Revenue:      
Revenue 2,222,140 2,101,002 1,932,575
Cost of revenue (excluding items shown separately below):      
Cost of revenue 1,526,332 1,475,779 1,281,777
General and administrative expenses 262,926 253,609 242,670
Depreciation, depletion, amortization and accretion 217,102 204,910 179,518
Transaction costs 2,222 4,238 7,733
Operating income 213,558 162,466 220,877
Interest expense 115,988 115,831 107,655
Loss on debt financings 14,565 149 4,815
Gain on sale of business 0 (12,108) 0
Other income, net (11,977) (15,516) (5,289)
Income (loss) from operations before taxes 94,982 74,110 113,696
Income tax expense (benefit) 6,385 10,273 (20,345)
Net income 88,597 63,837 134,041
Net income attributable to noncontrolling interest 0 0 (27)
Net income attributable to Summit Inc. $ 88,597 $ 63,837 $ 134,068
Common Class A      
Income per share of Class A common stock:      
Basic (USD per share) $ 0.53 $ 0.30 $ 1.12
Diluted (USD per share) $ 0.52 $ 0.30 $ 1.11
Weighted average shares of Class A common stock:      
Basic (in shares) 112,204,067 111,380,175 108,696,438
Diluted (in shares) 112,684,718 112,316,646 109,490,898
Product      
Revenue:      
Revenue $ 1,724,462 $ 1,600,159 $ 1,449,936
Cost of revenue (excluding items shown separately below):      
Cost of revenue 1,116,662 1,058,544 898,281
Product | Summit Materials, LLC      
Revenue:      
Revenue 1,724,462 1,600,159 1,449,936
Cost of revenue (excluding items shown separately below):      
Cost of revenue 1,116,662 1,058,544 898,281
Service      
Revenue:      
Revenue 306,185 309,099 302,473
Cost of revenue (excluding items shown separately below):      
Cost of revenue 218,177 225,491 203,330
Service | Summit Materials, LLC      
Revenue:      
Revenue 306,185 309,099 302,473
Cost of revenue (excluding items shown separately below):      
Cost of revenue 218,177 225,491 203,330
Excluding delivery and subcontract revenue      
Revenue:      
Revenue 2,030,647 1,909,258 1,752,409
Cost of revenue (excluding items shown separately below):      
Cost of revenue 1,334,839 1,284,035 1,101,611
Excluding delivery and subcontract revenue | Summit Materials, LLC      
Revenue:      
Revenue 2,030,647 1,909,258 1,752,409
Cost of revenue (excluding items shown separately below):      
Cost of revenue 1,334,839 1,284,035 1,101,611
Delivery and subcontract revenue      
Revenue:      
Revenue 191,493 191,744 180,166
Cost of revenue (excluding items shown separately below):      
Cost of revenue 191,493 191,744 180,166
Delivery and subcontract revenue | Summit Materials, LLC      
Revenue:      
Revenue 191,493 191,744 180,166
Cost of revenue (excluding items shown separately below):      
Cost of revenue $ 191,493 $ 191,744 $ 180,166