TopBuild Corp. (BLD) Financial Statements (2024 and earlier)

Company Profile

Business Address 475 N. WILLIAMSON BLVD.
DAYTONA BEACH, FL 32114
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 17 - Construction Special Trade Contractors (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)

3/31/2024
MRQ
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments849240140330185101
Cash and cash equivalents849240140330185101
Receivables799836668427429407
Inventory, net of allowances, customer advances and progress billings365439353161149169
Inventory365439353161149169
Asset, held-for-sale, not part of disposal group     11
Other undisclosed current assets373427181627
Total current assets:2,0491,5491,188936780705
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization 67   
Operating lease, right-of-use asset2052061778387
Nontrade receivables      4
Property, plant and equipment 259247 180178168
Intangible assets, net (including goodwill)2,6342,5821,9501,4111,3681,563
Goodwill2,0431,9671,9501,4111,3681,364
Intangible assets, net (excluding goodwill)591615   199
Deferred income tax assets   234
Other noncurrent assets1116131165
Other undisclosed noncurrent assets0 9291911819
Total noncurrent assets:3,1143,0583,0711,8791,8241,750
TOTAL ASSETS:5,1634,6074,2592,8152,6042,455
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities604551514373390397
Interest and dividends payable9444
Employee-related liabilities  3234
Accounts payable470487462332308313
Accrued liabilities1356444374646
Deferred revenue182214716
Debt494241237027
Contract with customer, liability20
Other undisclosed current liabilities10017416494  
Total current liabilities:772790733496477444
Noncurrent Liabilities
Long-term debt and lease obligation1,3771,4241,588737752717
Long-term debt, excluding current maturities1,3731,4171,454683698717
Finance lease, liability478  
Liabilities, other than long-term debt45046430123322245
Accounts payable and accrued liabilities596052514643
Deferred income tax liabilities244251248169175
Other liabilities2211412
Operating lease, liability1461501255454
Other undisclosed noncurrent liabilities      176
Total noncurrent liabilities:1,8281,8871,889970974938
Total liabilities:2,5992,6772,6221,4661,4511,382
Equity
Equity, attributable to parent2,5641,9301,6361,3491,1531,072
Common stock000000
Treasury stock, value(699)(693)(431)(387)(330)(217)
Additional paid in capital906887873858850846
Accumulated other comprehensive loss(15)(22)(7)   
Retained earnings2,3711,7571,201877633442
Total equity:2,5641,9301,6361,3491,1531,072
TOTAL LIABILITIES AND EQUITY:5,1634,6074,2592,8152,6042,455

Income Statement (P&L) ($ in millions)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues5,1955,0093,4862,7182,6242,384
Cost of revenue(3,591)(3,522)(2,512)(1,972)(1,943)(1,808)
Cost of goods and services sold(3,591)(3,522)(2,512)(1,972)(1,943)(2)
Gross profit:1,6041,487974746681576
Operating expenses(725)(690)(498)(391)(392)(367)
Operating income:879797476355290209
Nonoperating expense(53)(55)(43)(32)(36)(28)
Other nonoperating income2120121
Interest and debt expense(75)(57)(14)(0)(38)(29)
Income from continuing operations before equity method investments, income taxes:751685420323216152
Other undisclosed income from continuing operations before income taxes75571403829
Income from continuing operations before income taxes:825742433323254181
Income tax expense(211)(186)(109)(76)(63)(46)
Income from continuing operations:614556324247191135
Income before gain (loss) on sale of properties:324247191135
Net income available to common stockholders, diluted:614556324247191135

Comprehensive Income ($ in millions)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income:614556324247191135
Other comprehensive income (loss)7(15)(7)   
Other undisclosed comprehensive income      
Comprehensive income:622541317247191135
Other undisclosed comprehensive loss, net of tax, attributable to parent      
Comprehensive income, net of tax, attributable to parent:622541317247191135

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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