2014 Q3 Form 10-Q Financial Statement

#000114420414047852 Filed on August 08, 2014

View on sec.gov

Income Statement

Concept 2014 Q3 2014 Q2 2013 Q3
Revenue $726.5M $663.4M $683.6M
YoY Change 6.28% 5.78% 14.3%
Cost Of Revenue $563.2M $512.6M $525.9M
YoY Change 7.09% 6.83% 17.26%
Gross Profit $163.3M $150.8M $157.7M
YoY Change 3.55% 2.36% 5.41%
Gross Profit Margin 22.48% 22.73% 23.07%
Selling, General & Admin $120.2M $105.0M $110.1M
YoY Change 9.17% 5.63%
% of Gross Profit 73.61% 69.62% 69.82%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $7.700M $7.300M $8.000M
YoY Change -3.75% -6.41% 21.21%
% of Gross Profit 4.72% 4.84% 5.07%
Operating Expenses $120.1M $105.0M $110.1M
YoY Change 9.08% 5.66% 8.69%
Operating Profit $43.20M $45.81M $47.60M
YoY Change -9.24% -4.47% -1.45%
Interest Expense -$2.400M $2.510M -$1.700M
YoY Change 41.18% -7.07% -32.0%
% of Operating Profit -5.56% 5.48% -3.57%
Other Income/Expense, Net
YoY Change
Pretax Income $40.80M $43.30M $45.90M
YoY Change -11.11% -4.32% 0.22%
Income Tax $16.60M $16.50M $18.50M
% Of Pretax Income 40.69% 38.11% 40.31%
Net Earnings $24.20M $26.80M $27.40M
YoY Change -11.68% -1.32% -1.79%
Net Earnings / Revenue 3.33% 4.04% 4.01%
Basic Earnings Per Share $0.54
Diluted Earnings Per Share $484.0K $0.54 $552.4K
COMMON SHARES
Basic Shares Outstanding 49.35M shares 49.32M shares
Diluted Shares Outstanding 50.03M shares

Balance Sheet

Concept 2014 Q3 2014 Q2 2013 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $54.50M $26.40M $47.00M
YoY Change 15.96% 0.0% 16.92%
Cash & Equivalents $54.47M $26.41M $47.03M
Short-Term Investments
Other Short-Term Assets $8.465M $86.40M $12.94M
YoY Change -34.56% -10.56% 22.32%
Inventory $301.6M $399.6M $251.4M
Prepaid Expenses
Receivables $360.8M $352.6M $329.7M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $798.3M $865.0M $705.1M
YoY Change 13.23% 12.03% 11.78%
LONG-TERM ASSETS
Property, Plant & Equipment $88.57M $81.43M $67.66M
YoY Change 30.9% 27.2% 17.92%
Goodwill $466.2M $467.9M $469.2M
YoY Change -0.64% -0.1% 5.88%
Intangibles $72.27M $77.75M
YoY Change
Long-Term Investments
YoY Change
Other Assets $8.521M $7.094M $96.75M
YoY Change -91.19% -92.97% 12.93%
Total Long-Term Assets $633.1M $634.2M $633.6M
YoY Change -0.09% 0.15% 8.09%
TOTAL ASSETS
Total Short-Term Assets $798.3M $865.0M $705.1M
Total Long-Term Assets $633.1M $634.2M $633.6M
Total Assets $1.431B $1.499B $1.339B
YoY Change 6.93% 6.68% 10.0%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $220.8M $227.6M $182.9M
YoY Change 20.73% -10.12% 9.27%
Accrued Expenses $80.29M $102.5M $68.30M
YoY Change 17.55% 4.18% -4.65%
Deferred Revenue
YoY Change
Short-Term Debt $18.50M $88.30M $0.00
YoY Change 96.22%
Long-Term Debt Due $16.60M $15.47M $15.10M
YoY Change 9.96% -0.76% -73.48%
Total Short-Term Liabilities $336.2M $434.0M $313.7M
YoY Change 7.17% 5.26% 6.01%
LONG-TERM LIABILITIES
Long-Term Debt $183.1M $211.6M $203.7M
YoY Change -10.08% -0.94% -7.8%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $183.1M $211.6M $203.7M
YoY Change -10.08% -0.94% -7.8%
TOTAL LIABILITIES
Total Short-Term Liabilities $336.2M $434.0M $313.7M
Total Long-Term Liabilities $183.1M $211.6M $203.7M
Total Liabilities $614.3M $705.6M $584.3M
YoY Change 5.13% 3.23% 3.42%
SHAREHOLDERS EQUITY
Retained Earnings $495.1M $470.9M $441.3M
YoY Change 12.2% 13.78% 19.69%
Common Stock $493.0K $493.0K $488.0K
YoY Change 1.02% 1.02% 2.31%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $817.1M $793.6M $754.4M
YoY Change
Total Liabilities & Shareholders Equity $1.431B $1.499B $1.339B
YoY Change 6.93% 6.68% 10.0%

Cashflow Statement

Concept 2014 Q3 2014 Q2 2013 Q3
OPERATING ACTIVITIES
Net Income $24.20M $26.80M $27.40M
YoY Change -11.68% -1.32% -1.79%
Depreciation, Depletion And Amortization $7.700M $7.300M $8.000M
YoY Change -3.75% -6.41% 21.21%
Cash From Operating Activities $102.3M -$82.90M $29.10M
YoY Change 251.55% -387.85% -41.92%
INVESTING ACTIVITIES
Capital Expenditures -$11.10M -$14.30M -$8.200M
YoY Change 35.37% 101.41% 57.69%
Acquisitions
YoY Change
Other Investing Activities -$900.0K $400.0K $200.0K
YoY Change -550.0% 100.0% -100.43%
Cash From Investing Activities -$12.00M -$13.90M -$8.000M
YoY Change 50.0% 101.45% -84.41%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -61.30M 89.10M 900.0K
YoY Change -6911.11% -796.09% -91.0%
NET CHANGE
Cash From Operating Activities 102.3M -82.90M 29.10M
Cash From Investing Activities -12.00M -13.90M -8.000M
Cash From Financing Activities -61.30M 89.10M 900.0K
Net Change In Cash 29.00M -7.700M 22.00M
YoY Change 31.82% -184.62% 150.0%
FREE CASH FLOW
Cash From Operating Activities $102.3M -$82.90M $29.10M
Capital Expenditures -$11.10M -$14.30M -$8.200M
Free Cash Flow $113.4M -$68.60M $37.30M
YoY Change 204.02% -291.09% -32.55%

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CY2014Q2 us-gaap Senior Notes
SeniorNotes
288019000 USD
CY2013Q3 us-gaap Senior Notes
SeniorNotes
255551000 USD
CY2013Q2 us-gaap Senior Notes Current
SeniorNotesCurrent
-56256000 USD
CY2014Q2 us-gaap Senior Notes Current
SeniorNotesCurrent
-99581000 USD
CY2013Q3 us-gaap Senior Notes Current
SeniorNotesCurrent
-58676000 USD
CY2013Q1 us-gaap Derivative Maturity Dates
DerivativeMaturityDates
2017-03-31
becn Derivative Amortizes Amount
DerivativeAmortizesAmount
2800000 USD
CY2013Q1 invest Derivative Notional Amount
DerivativeNotionalAmount
213800000 USD
CY2014Q2 invest Derivative Notional Amount
DerivativeNotionalAmount
199700000 USD
CY2013Q2 us-gaap Sales Revenue Net
SalesRevenueNet
627168000 USD
CY2014Q2 us-gaap Sales Revenue Net
SalesRevenueNet
663397000 USD
us-gaap Sales Revenue Net
SalesRevenueNet
1557155000 USD
us-gaap Sales Revenue Net
SalesRevenueNet
1600411000 USD
CY2013Q2 us-gaap Cost Of Goods Sold
CostOfGoodsSold
479835000 USD
CY2014Q2 us-gaap Cost Of Goods Sold
CostOfGoodsSold
512584000 USD
us-gaap Cost Of Goods Sold
CostOfGoodsSold
1183417000 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax
-5269000 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax
-2832000 USD
CY2013Q2 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
1756000 USD
CY2014Q2 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
-222000 USD
us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
1706000 USD
us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
320000 USD
CY2013Q2 us-gaap Other Comprehensive Income Loss Tax Portion Attributable To Parent1
OtherComprehensiveIncomeLossTaxPortionAttributableToParent1
1347000 USD
us-gaap Cost Of Goods Sold
CostOfGoodsSold
1235901000 USD
CY2013Q2 us-gaap Gross Profit
GrossProfit
147333000 USD
CY2014Q2 us-gaap Gross Profit
GrossProfit
150813000 USD
us-gaap Gross Profit
GrossProfit
373738000 USD
us-gaap Gross Profit
GrossProfit
364510000 USD
CY2013Q2 us-gaap Operating Expenses
OperatingExpenses
99380000 USD
CY2014Q2 us-gaap Operating Expenses
OperatingExpenses
105004000 USD
us-gaap Operating Expenses
OperatingExpenses
291588000 USD
us-gaap Operating Expenses
OperatingExpenses
308826000 USD
CY2013Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
47953000 USD
CY2014Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
45809000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
82150000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
55684000 USD
CY2013Q2 us-gaap Interest Expense
InterestExpense
2701000 USD
CY2014Q2 us-gaap Interest Expense
InterestExpense
2510000 USD
us-gaap Interest Expense
InterestExpense
6597000 USD
us-gaap Interest Expense
InterestExpense
7707000 USD
CY2013Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
45252000 USD
CY2014Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
43299000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
75553000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
47977000 USD
CY2013Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
18094000 USD
CY2014Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
16500000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
30350000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
18338000 USD
CY2013Q2 us-gaap Net Income Loss
NetIncomeLoss
27158000 USD
CY2014Q2 us-gaap Net Income Loss
NetIncomeLoss
26799000 USD
us-gaap Net Income Loss
NetIncomeLoss
45203000 USD
CY2013Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.56
CY2014Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.54
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.93
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.60
CY2013Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.55
CY2014Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.54
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.92
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.59
CY2013Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax
-3103000 USD
CY2014Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax
3096000 USD
CY2014Q2 us-gaap Other Comprehensive Income Loss Tax Portion Attributable To Parent1
OtherComprehensiveIncomeLossTaxPortionAttributableToParent1
-2874000 USD
us-gaap Other Comprehensive Income Loss Tax Portion Attributable To Parent1
OtherComprehensiveIncomeLossTaxPortionAttributableToParent1
3563000 USD
us-gaap Other Comprehensive Income Loss Tax Portion Attributable To Parent1
OtherComprehensiveIncomeLossTaxPortionAttributableToParent1
2512000 USD
CY2013Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
25811000 USD
CY2014Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
29673000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
41640000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
27127000 USD
us-gaap Depreciation And Amortization
DepreciationAndAmortization
22429000 USD
us-gaap Depreciation And Amortization
DepreciationAndAmortization
22609000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
17146000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
51499000 USD
us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
1162000 USD
us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
-9000 USD
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-13830000 USD
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-20622000 USD
CY2012Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
40205000 USD
us-gaap Interest Paid
InterestPaid
-9609000 USD
us-gaap Interest Paid
InterestPaid
-6849000 USD
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
-17593000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
6886000 USD
us-gaap Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
-1816000 USD
us-gaap Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
816000 USD
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
729000 USD
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
660000 USD
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
1441000 USD
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
793000 USD
us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
0 USD
us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
177000 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
7485000 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
23789000 USD
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
102893000 USD
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
148384000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
10041000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
12697000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
96399000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
79475000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
49394000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-46782000 USD
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
17933000 USD
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
26090000 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
64484000 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
0 USD
us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
885000 USD
us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
760000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-81532000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-25330000 USD
becn Repayments Of Proceeds From Revolving Credit Facilities
RepaymentsOfProceedsFromRevolvingCreditFacilities
3706000 USD
becn Repayments Of Proceeds From Revolving Credit Facilities
RepaymentsOfProceedsFromRevolvingCreditFacilities
40647000 USD
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
8437000 USD
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
8437000 USD
us-gaap Proceeds From Repayments Of Other Debt
ProceedsFromRepaymentsOfOtherDebt
525000 USD
us-gaap Proceeds From Repayments Of Other Debt
ProceedsFromRepaymentsOfOtherDebt
11450000 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
17259000 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
6890000 USD
us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
4093000 USD
us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
949000 USD
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
-21715000 USD
dei Document Type
DocumentType
10-Q
dei Amendment Flag
AmendmentFlag
false
dei Document Period End Date
DocumentPeriodEndDate
2014-06-30
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2014
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q3
dei Entity Registrant Name
EntityRegistrantName
BEACON ROOFING SUPPLY INC
dei Entity Central Index Key
EntityCentralIndexKey
0001124941
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--09-30
dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
dei Trading Symbol
TradingSymbol
BECN
CY2014Q3 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
49347586 shares
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Equity Instruments Other Than Options Aggregate Intrinsic Value Vested
SharebasedCompensationArrangementBySharebasedPaymentAwardEquityInstrumentsOtherThanOptionsAggregateIntrinsicValueVested
10100000 USD
us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
3160000 USD
CY2013 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
3731000 USD
us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
3202000 USD
CY2014Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
2400000 USD

Files In Submission

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0001144204-14-047852-xbrl.zip Edgar Link pending
becn-20140630.xml Edgar Link completed
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