Summit Materials, Inc. (SUM) financial statements (2020 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)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments311129384143186
Cash and cash equivalents311129384143186
Receivables253215198162146
Inventory, net of allowances, customer advances and progress billings205214184158130
Inventory205214184158130
Contract with customer, asset13 
Costs in excess of billings191076
Other current assets14168135
Total current assets:796592784484473
Noncurrent Assets
Finance lease, right-of-use asset58
Operating lease, right-of-use asset33
Property, plant and equipment 1,7801,6151,4461,269
Intangible assets, net (including goodwill)1,2231,2101,053800596
Goodwill1,2001,1921,036782596
Intangible assets, net (excluding goodwill)23181718 
Deferred income tax assets212
Other noncurrent assets5650515143
Deferred tax assets, net 284  
Other undisclosed noncurrent assets1,690225  15
Total noncurrent assets:3,2713,2663,0042,2981,924
TOTAL ASSETS:4,0683,8583,7872,7812,396
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities236208215193174
Accounts payable116108998281
Accrued liabilities12010011711293
Deferred revenue14
Debt86577
Business combination, contingent consideration, liability    5
Billings in excess of cost12161513
Other undisclosed current liabilities4134142416
Total current liabilities:299261250239215
Noncurrent Liabilities
Long-term debt and lease obligation1,9301,8221,8281,5301,274
Long-term debt, excluding current maturities1,8641,8221,8281,5301,274
Finance lease, liability40
Operating lease, liability25
Liabilities, other than long-term debt1008865135103
Other liabilities1008865135100
Business combination, contingent consideration, liability    2
Other undisclosed noncurrent liabilities2933453731838
Total noncurrent liabilities:2,3232,2552,2661,6821,414
Total liabilities:2,6232,5152,5161,9211,628
Stockholders' equity
Stockholders' equity attributable to parent, including:1,4271,3281,259842628
Additional paid in capital1,2341,1941,154824619
Accumulated other comprehensive income (loss)337(2)(3)
Retained earnings189130961911
Other undisclosed stockholders' equity attributable to parent11111
Other undisclosed stockholders' equity17141318140
Total stockholders' equity:1,4451,3421,272860768
TOTAL LIABILITIES AND EQUITY:4,0683,8583,7872,7812,396

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues2,2222,1011,9331,6261,432
Revenue, net1,9091,7521,4881,290
Cost of revenue(1,526)(1,476)(1,282)(1,072)(991)
Cost of goods and services sold(1,526)(1,284)(1,102)(934)(848)
Gross profit:696625651554442
Operating expenses(265)(258)(250)(251)(187)
Other undisclosed operating loss(217)(205)(180)(149)(120)
Operating income:214162221154135
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
12165(1)2
Interest and debt expense(117)(117)(109)(98)(85)
Income from continuing operations before equity method investments, income taxes:109611185652
Other undisclosed income (loss) from continuing operations before income taxes(31)35(276)(15)(72)
Income (loss) from continuing operations before income taxes:7896(158)41(19)
Income tax expense (benefit)(17)(60)284518
Income (loss) from continuing operations:613612646(1)
Income from discontinued operations    2
Net income:6136126461
Other undisclosed net income attributable to parent    26
Net income attributable to parent:61361264628
Other undisclosed net loss available to common stockholders, basic(2)(2)(4)(9) 
Net income available to common stockholders, diluted:59341223728

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:6136126461
Other comprehensive income (loss)3(5)101(13)
Comprehensive income (loss):643113647(11)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(4)(2)(4)(10)36
Comprehensive income, net of tax, attributable to parent:60291313725

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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