2015 Q3 Form 10-Q Financial Statement

#000114420415046714 Filed on August 06, 2015

View on sec.gov

Income Statement

Concept 2015 Q3 2015 Q2 2014 Q3
Revenue $787.7M $718.2M $726.5M
YoY Change 8.42% 8.26% 6.28%
Cost Of Revenue $596.1M $548.8M $563.2M
YoY Change 5.84% 7.06% 7.09%
Gross Profit $191.6M $169.4M $163.3M
YoY Change 17.33% 12.35% 3.55%
Gross Profit Margin 24.32% 23.59% 22.48%
Selling, General & Admin $132.4M $121.4M $120.2M
YoY Change 10.15% 15.62% 9.17%
% of Gross Profit 69.1% 71.65% 73.61%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $9.000M $9.500M $7.700M
YoY Change 16.88% 30.14% -3.75%
% of Gross Profit 4.7% 5.61% 4.72%
Operating Expenses $132.5M $121.4M $120.1M
YoY Change 10.32% 15.66% 9.08%
Operating Profit $59.10M $47.99M $43.20M
YoY Change 36.81% 4.76% -9.24%
Interest Expense -$3.000M $2.494M -$2.400M
YoY Change 25.0% -0.64% 41.18%
% of Operating Profit -5.08% 5.2% -5.56%
Other Income/Expense, Net
YoY Change
Pretax Income $56.10M $45.50M $40.80M
YoY Change 37.5% 5.08% -11.11%
Income Tax $25.30M $17.15M $16.60M
% Of Pretax Income 45.1% 37.69% 40.69%
Net Earnings $30.80M $28.35M $24.20M
YoY Change 27.27% 5.78% -11.68%
Net Earnings / Revenue 3.91% 3.95% 3.33%
Basic Earnings Per Share $0.57
Diluted Earnings Per Share $611.1K $0.56 $484.0K
COMMON SHARES
Basic Shares Outstanding 49.71M shares 49.64M shares 49.35M shares
Diluted Shares Outstanding 50.20M shares

Balance Sheet

Concept 2015 Q3 2015 Q2 2014 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $45.70M $17.60M $54.50M
YoY Change -16.15% -33.33% 15.96%
Cash & Equivalents $45.66M $17.59M $54.47M
Short-Term Investments
Other Short-Term Assets $21.10M $99.50M $8.465M
YoY Change 149.29% 15.16% -34.56%
Inventory $321.0M $386.8M $301.6M
Prepaid Expenses
Receivables $399.7M $389.5M $360.8M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $864.3M $893.4M $798.3M
YoY Change 8.26% 3.28% 13.23%
LONG-TERM ASSETS
Property, Plant & Equipment $90.41M $88.87M $88.57M
YoY Change 2.08% 9.13% 30.9%
Goodwill $496.4M $498.5M $466.2M
YoY Change 6.48% 6.54% -0.64%
Intangibles $87.06M $91.42M $72.27M
YoY Change 20.46% 17.59%
Long-Term Investments
YoY Change
Other Assets $1.233M $3.143M $8.521M
YoY Change -85.53% -55.69% -91.19%
Total Long-Term Assets $675.1M $680.0M $633.1M
YoY Change 6.64% 7.23% -0.09%
TOTAL ASSETS
Total Short-Term Assets $864.3M $893.4M $798.3M
Total Long-Term Assets $675.1M $680.0M $633.1M
Total Assets $1.539B $1.573B $1.431B
YoY Change 7.55% 4.95% 6.93%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $244.9M $257.7M $220.8M
YoY Change 10.89% 13.19% 20.73%
Accrued Expenses $124.8M $105.8M $80.29M
YoY Change 55.44% 3.14% 17.55%
Deferred Revenue
YoY Change
Short-Term Debt $11.20M $74.10M $18.50M
YoY Change -39.46% -16.08%
Long-Term Debt Due -$27.56M $16.47M $16.60M
YoY Change -266.0% 6.52% 9.96%
Total Short-Term Liabilities $397.2M $454.0M $336.2M
YoY Change 18.15% 4.62% 7.17%
LONG-TERM LIABILITIES
Long-Term Debt $170.2M $175.3M $183.1M
YoY Change -7.06% -17.17% -10.08%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $170.2M $175.3M $183.1M
YoY Change -7.06% -17.17% -10.08%
TOTAL LIABILITIES
Total Short-Term Liabilities $397.2M $454.0M $336.2M
Total Long-Term Liabilities $170.2M $175.3M $183.1M
Total Liabilities $656.3M $722.9M $614.3M
YoY Change 6.84% 2.45% 5.13%
SHAREHOLDERS EQUITY
Retained Earnings $557.4M $526.6M $495.1M
YoY Change 12.58% 11.82% 12.2%
Common Stock $497.0K $496.0K $493.0K
YoY Change 0.81% 0.61% 1.02%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $883.1M $852.5M $817.1M
YoY Change
Total Liabilities & Shareholders Equity $1.539B $1.575B $1.431B
YoY Change 7.55% 5.08% 6.93%

Cashflow Statement

Concept 2015 Q3 2015 Q2 2014 Q3
OPERATING ACTIVITIES
Net Income $30.80M $28.35M $24.20M
YoY Change 27.27% 5.78% -11.68%
Depreciation, Depletion And Amortization $9.000M $9.500M $7.700M
YoY Change 16.88% 30.14% -3.75%
Cash From Operating Activities $98.10M -$51.30M $102.3M
YoY Change -4.11% -38.12% 251.55%
INVESTING ACTIVITIES
Capital Expenditures -$7.000M -$8.400M -$11.10M
YoY Change -36.94% -41.26% 35.37%
Acquisitions
YoY Change
Other Investing Activities $600.0K -$15.10M -$900.0K
YoY Change -166.67% -3875.0% -550.0%
Cash From Investing Activities -$6.400M -$23.50M -$12.00M
YoY Change -46.67% 69.06% 50.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -63.30M 69.20M -61.30M
YoY Change 3.26% -22.33% -6911.11%
NET CHANGE
Cash From Operating Activities 98.10M -51.30M 102.3M
Cash From Investing Activities -6.400M -23.50M -12.00M
Cash From Financing Activities -63.30M 69.20M -61.30M
Net Change In Cash 28.40M -5.600M 29.00M
YoY Change -2.07% -27.27% 31.82%
FREE CASH FLOW
Cash From Operating Activities $98.10M -$51.30M $102.3M
Capital Expenditures -$7.000M -$8.400M -$11.10M
Free Cash Flow $105.1M -$42.90M $113.4M
YoY Change -7.32% -37.46% 204.02%

Facts In Submission

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us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
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us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
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us-gaap Comprehensive Income Net Of Tax
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us-gaap Net Cash Provided By Used In Operating Activities
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11222000 USD
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
13787000 USD
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
26090000 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
85301000 USD
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DocumentFiscalPeriodFocus
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2015-06-30
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-1405000 USD
us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
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-8529000 USD
CY2015Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Equity Instruments Other Than Options Aggregate Intrinsic Value Outstanding
SharebasedCompensationArrangementBySharebasedPaymentAwardEquityInstrumentsOtherThanOptionsAggregateIntrinsicValueOutstanding
17000000 USD
CY2015Q2 us-gaap Senior Notes
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262548000 USD
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0183 pure
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Weighted Average Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsWeightedAverageVolatilityRate
0.3169 pure
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.00 pure
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P5Y6M29D
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2364211 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
482479 shares
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
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us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod
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ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
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22.98
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28.58
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17.71
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ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice
29.33
CY2015Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
24.43
CY2015Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice
24.16
CY2015Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
20.72
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SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P6Y6M
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SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1
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us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P5Y2M12D
CY2015Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
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ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue
23000000 USD
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20700000 USD
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482076 shares
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230842 shares
becn Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Lapse Of Restrictions In Period
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67953 shares
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ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod
79859 shares
CY2015Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
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565106 shares
CY2014Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
31.28
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
27.97
becn Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Lapse Of Restrictions Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsLapseOfRestrictionsWeightedAverageGrantDateFairValue
19.88
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeitures Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue
26.74
CY2015Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
32.52
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Outstanding Weighted Average Remaining Contractual Terms
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsOutstandingWeightedAverageRemainingContractualTerms
P2Y7M6D
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Equity Instruments Other Than Options Aggregate Intrinsic Value Vested
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11300000 USD
CY2015Q2 becn Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested And Expected To Vest Outstanding Number
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CY2015Q2 becn Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested And Expected To Vest Outstanding Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedAndExpectedToVestOutstandingWeightedAverageGrantDateFairValue
32.12
becn Share Based Compensation Arrangements By Share Based Payment Award Equity Instruments Other Than Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term
ShareBasedCompensationArrangementsByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm
P3Y4M24D
CY2014Q3 us-gaap Senior Notes
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SeniorNotes
288019000 USD
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SeniorNotesCurrent
85360000 USD
CY2014Q3 us-gaap Senior Notes Current
SeniorNotesCurrent
29764000 USD
CY2014Q2 us-gaap Senior Notes Current
SeniorNotesCurrent
99581000 USD
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
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BECN
CY2015Q3 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
49713966 shares
CY2015Q2 us-gaap Allowance For Doubtful Accounts Receivable Current
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8352 USD
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8510 USD
CY2014Q2 us-gaap Allowance For Doubtful Accounts Receivable Current
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8458 USD
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0.01
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CommonStockParOrStatedValuePerShare
0.01
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CommonStockParOrStatedValuePerShare
0.01
CY2015Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
100000000 shares
CY2014Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
100000000 shares
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CommonStockSharesAuthorized
100000000 shares
CY2015Q2 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
49697834 shares
CY2014Q3 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
49392774 shares
CY2014Q2 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
49334088 shares
CY2015Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
49697834 shares
CY2014Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
49392774 shares
CY2014Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
49334088 shares
CY2014Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
5000000 shares
CY2014Q3 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
5000000 shares
CY2015Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
5000000 shares
CY2015Q2 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2014Q3 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2014Q2 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2015Q2 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2014Q3 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2014Q2 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
286000 USD
us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
177000 USD
CY2014Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized
5100000 shares
CY2015Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
3425716 shares
CY2015Q2 becn Business Acquisitions Purchase Price Allocation Goodwill Amount
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34200000 USD
CY2015Q2 becn Business Acquisitions Purchase Price Allocation Intangible Assets Other Than Goodwill
BusinessAcquisitionsPurchasePriceAllocationIntangibleAssetsOtherThanGoodwill
31800000 USD
us-gaap Unrealized Gain Loss On Derivatives
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2321000 USD
CY2014 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
2124000 USD
us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
3202000 USD
CY2013Q1 invest Derivative Notional Amount
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213800000 USD
becn Derivative Amortizes Amount
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2800000 USD
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188400000 USD
CY2015Q2 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
USD
CY2014Q3 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
USD
CY2014Q2 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
USD

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