Summit Materials, Inc. (SUM) financial statements (2021 and earlier)

Company profile

Business Address 1550 WYNKOOP STREET, 3RD FLOOR
DENVER, CO 80202
State of Incorp. DE
Fiscal Year End December 31
SIC 14 - Mining And Quarrying Of Nonmetallic Minerals, Except Fuels (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments418311129384143186
Cash and cash equivalents418311129384143186
Receivables255253215198162146
Inventory, net of allowances, customer advances and progress billings200205214184158130
Inventory200205214184158130
Contract with customer, asset913 
Costs in excess of billings191076
Other current assets1114168135
Total current assets:893796592784484473
Noncurrent Assets
Finance lease, right-of-use asset6058
Operating lease, right-of-use asset2933
Property, plant and equipment  1,7801,6151,4461,269
Intangible assets, net (including goodwill)1,2491,2231,2101,053800596
Goodwill1,2011,2001,1921,036782596
Intangible assets, net (excluding goodwill)4823181718 
Deferred income tax assets232212
Other noncurrent assets555650515143
Deferred tax assets, net 284  
Other undisclosed noncurrent assets1,7901,690225  15
Total noncurrent assets:3,4153,2713,2663,0042,2981,924
TOTAL ASSETS:4,3084,0683,8583,7872,7812,396
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities281236208215193174
Accounts payable121116108998281
Accrued liabilities16112010011711293
Deferred revenue1614
Debt686577
Business combination, contingent consideration, liability     5
Billings in excess of cost12161513
Other undisclosed current liabilities184134142416
Total current liabilities:323299261250239215
Noncurrent Liabilities
Long-term debt and lease obligation1,9621,9301,8221,8281,5301,274
Long-term debt, excluding current maturities1,9091,8641,8221,8281,5301,274
Finance lease, liability3240
Operating lease, liability2225
Liabilities, other than long-term debt1211008865135103
Other liabilities1211008865135100
Business combination, contingent consideration, liability     2
Other undisclosed noncurrent liabilities2852933453731838
Total noncurrent liabilities:2,3692,3232,2552,2661,6821,414
Total liabilities:2,6922,6232,5152,5161,9211,628
Stockholders' equity
Stockholders' equity attributable to parent, including:1,5981,4271,3281,259842628
Additional paid in capital1,2651,2341,1941,154824619
Accumulated other comprehensive income (loss)5337(2)(3)
Retained earnings327189130961911
Other undisclosed stockholders' equity attributable to parent111111
Other undisclosed stockholders' equity1817141318140
Total stockholders' equity:1,6161,4451,3421,272860768
TOTAL LIABILITIES AND EQUITY:4,3084,0683,8583,7872,7812,396

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues2,3322,2222,1011,9331,6261,432
Revenue, net1,9091,7521,4881,290
Cost of revenue(1,584)(1,526)(1,476)(1,282)(1,072)(991)
Cost of goods and services sold(1,584)(1,526)(1,284)(1,102)(934)(848)
Gross profit:748696625651554442
Operating expenses(310)(265)(258)(250)(251)(187)
Other undisclosed operating loss(214)(217)(205)(180)(149)(120)
Operating income:225214162221154135
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
412165(1)2
Interest and debt expense(104)(117)(117)(109)(98)(85)
Income from continuing operations before equity method investments, income taxes:126109611185652
Other undisclosed income (loss) from continuing operations before income taxes3(31)35(276)(15)(72)
Income (loss) from continuing operations before income taxes:1297896(158)41(19)
Income tax expense (benefit)12(17)(60)284518
Income (loss) from continuing operations:141613612646(1)
Income from discontinued operations     2
Net income:1416136126461
Other undisclosed net income attributable to parent     26
Net income attributable to parent:14161361264628
Other undisclosed net loss available to common stockholders, basic(3)(2)(2)(4)(9) 
Net income available to common stockholders, diluted:13859341223728

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:1416136126461
Other comprehensive income (loss)23(5)101(13)
Comprehensive income (loss):143643113647(11)
Comprehensive loss, net of tax, attributable to noncontrolling interest(3)     
Other undisclosed comprehensive income (loss), net of tax, attributable to parent (4)(2)(4)(10)36
Comprehensive income, net of tax, attributable to parent:14060291313725

Statements sources

The financial statements are based on the company's filings with the 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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