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SUM Price Correlated With Financials For Summit Materials

Free historical financial statements for Summit Materials Inc. See how revenue, income, cash flow, and balance sheet financials have changed over 31 quarters since 2015. Compare with SUM stock chart to see long term trends.

SUM Stock Compared to Quarterly

SUM Income Statement

Revenue, Net:752747000
Revenue Per Share:6.3914
Cost of Goods & Services Sold:534936000
Selling, General & Admin Expense:39959000
Operating Income:127062000
Income Taxes:24829000
Net Income:87651000
Earnings Per Share, Basic:0.73
Shares Outstanding, Basic Avg:117774592

SUM Cash Flow

Operating Activities Net Income:
Depreciation, Depletion & Amortization:51439000
Change in Accounts Receiveable:38927000
Net Cash from Operations:115937000
Net Cash from Operations Per Share:0.9844
Repurchases/Buybacks Common Stock:53471000
Net Cash from Financing Activities:-82691000
Property, Plant & Equipment Purchases:59428000
Net Cash from Investing Activities:-25624000
Net Change in Cash & Equivalents:6351000

SUM Balance Sheet

Cash and Cash Equivalents:471666000
Accounts Receivable, Net:363956000
Total Current Assets:1093310000
Property, Plant & Equipment, Net:1768394000
Total Assets:4284955000
Accounts Payable:166592000
Current Portion of Long-Term Debt:6354000
Total Short-Term Liabilities:322770000
Long Term Debt, Non-Current Portion:1502714000
Total Liabilities:2313731000

Major Holders (from 13F filings)

Investment Type
Value (x$1000)
increase or decrease
Vanguard Group Inc
11,439,985 sh
113,791 sh
Blackrock Inc.
9,256,392 sh
-155,927 sh
Price T Rowe Associates Inc /Md/
8,820,322 sh
-159,535 sh
Principal Financial Group Inc
7,157,926 sh
122,719 sh
Capital International Investors
6,905,434 sh
-393 sh
Dimensional Fund Advisors LP
5,610,437 sh
101,559 sh
Franklin Resources Inc
4,841,358 sh
857,286 sh
4,679,520 sh
-4,500,477 sh
Macquarie Group Ltd
4,622,585 sh
45,903 sh
Janus Henderson Group Plc
3,166,089 sh
1,188 sh
Clearbridge Investments, LLC
3,162,818 sh
-3 sh
Jennison Associates LLC
2,937,316 sh
503,836 sh
Invesco Ltd.
2,643,270 sh
67,712 sh
State Street Corp
2,451,336 sh
44,049 sh
Eagle Asset Management Inc
2,140,482 sh
-39,240 sh
Geode Capital Management, LLC
2,082,309 sh
22,294 sh
Goldman Sachs Group Inc
1,901,675 sh
435,491 sh
Nuveen Asset Management, LLC
1,821,107 sh
72,579 sh
Bank Of America Corp /De/
1,614,134 sh
421,303 sh
Northern Trust Corp
1,501,125 sh
-26,868 sh
Summary of Organization and Significant Accounting Policies

Summit Materials, Inc. (“Summit Inc.” and, together with its subsidiaries, “Summit,” “we,” “us,” “our” or the “Company”) is a vertically-integrated construction materials company. The Company is engaged in the production and sale of aggregates, cement, ready-mix concrete, asphalt paving mix and concrete products and owns and operates quarries, sand and gravel pits, two cement plants, cement distribution terminals, ready-mix concrete plants, asphalt plants and landfill sites. It is also engaged in paving and related services. The Company’s three operating and reporting segments are the West, East and Cement segments.

Substantially all of the Company’s construction materials, products and services are produced, consumed and performed outdoors, primarily in the spring, summer and fall. Seasonal changes and other weather-related conditions can affect the production and sales volumes of its products and delivery of services. Therefore, the financial results for any interim period are typically not indicative of the results expected for the full year. Furthermore, the Company’s sales and earnings are sensitive to national, regional and local economic conditions, weather conditions and to cyclical changes in construction spending, among other factors.

On September 23, 2014, Summit Inc. was formed as a Delaware corporation to be a holding company. Its sole material asset is a controlling equity interest in Summit Materials Holdings L.P. (“Summit Holdings”). Pursuant to a reorganization into a holding company structure (the “Reorganization”) consummated in connection with Summit Inc.’s March 2015 initial public offering ("IPO"), Summit Inc. became a holding corporation operating and controlling all of the business and affairs of Summit Holdings and its subsidiaries. Summit Inc. owns the majority of the partnership interests of Summit Holdings (see note 11, Stockholders’ Equity).  Summit Materials, LLC (“Summit LLC”) an indirect wholly owned subsidiary of Summit Holdings, conducts the majority of our operations. Continental Cement Company, L.L.C. (“Continental Cement”) is also a wholly owned subsidiary of Summit LLC. Summit Materials Finance Corp. (“Summit Finance”), an indirect wholly owned subsidiary of Summit LLC, has jointly issued our Senior Notes as described below.

Principles of Consolidation —The consolidated financial statements include the accounts of Summit Inc. and its majority owned subsidiaries. All intercompany balances and transactions have been eliminated. As a result of the Reorganization, Summit Holdings became a variable interest entity over which Summit Inc. has 100% voting power and control and for which Summit Inc. has the obligation to absorb losses and the right to receive benefits.

The Company’s fiscal year is based on a 52-53 week year with each quarter composed of 13 weeks ending on a Saturday. The year ended January 2, 2021 was a 53-week year.

For a summary of the changes in Summit Inc.’s ownership of Summit Holdings, see Note 11, Stockholders’ Equity.

The Company attributes consolidated stockholders’ equity and net income separately to the controlling and noncontrolling interests. The Company accounts for investments in entities for which it has an ownership of 20% to 50% using the equity method of accounting.

Use of Estimates —Preparation of these consolidated financial statements in conformity with U.S. generally accepted accounting principles (“U.S. GAAP”) requires management to make estimates and assumptions. These estimates and the underlying assumptions affect the amounts of assets and liabilities reported, disclosures about contingent assets and liabilities and reported amounts of revenue and expenses. Such estimates include the valuation of accounts receivable, inventories, valuation of deferred tax assets, goodwill, intangibles and other long-lived assets, the tax receivable agreement (“TRA”) liability, pension and other postretire

Data imported from Summit Materials Inc SEC filings. Check original filings before making any investment decision.