$BLDR
Builders FirstSource, Inc.

2014 Q1 Form 10-Q Financial Statement

#000156459014001732 Filed on May 02, 2014

View on sec.gov

Income Statement

Concept 2014 Q1 2013 Q1
Revenue $345.9M $319.7M
YoY Change 8.2% 45.72%
Cost Of Revenue $271.0M $257.4M
YoY Change 5.28% 47.68%
Gross Profit $74.92M $62.35M
YoY Change 20.16% 38.18%
Gross Profit Margin 21.66% 19.5%
Selling, General & Admin $69.32M $61.10M
YoY Change 13.45% 20.28%
% of Gross Profit 92.53% 98.0%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $2.000M $2.800M
YoY Change -28.57% -3.45%
% of Gross Profit 2.67% 4.49%
Operating Expenses $69.32M $61.00M
YoY Change 13.64% 20.08%
Operating Profit $5.434M $1.347M
YoY Change 303.41% -123.71%
Interest Expense $8.828M -$12.50M
YoY Change -170.62% -4.58%
% of Operating Profit 162.46% -927.99%
Other Income/Expense, Net
YoY Change
Pretax Income -$3.394M -$11.30M
YoY Change -69.96% -40.21%
Income Tax -$82.00K $300.0K
% Of Pretax Income
Net Earnings -$3.384M -$11.81M
YoY Change -71.34% -38.46%
Net Earnings / Revenue -0.98% -3.69%
Basic Earnings Per Share -$0.03 -$0.12
Diluted Earnings Per Share -$0.03 -$0.12
COMMON SHARES
Basic Shares Outstanding 97.62M
Diluted Shares Outstanding 97.62M

Balance Sheet

Concept 2014 Q1 2013 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $62.80M $117.7M
YoY Change -46.64% -9.18%
Cash & Equivalents $62.77M $117.7M
Short-Term Investments
Other Short-Term Assets $8.767M $8.300M
YoY Change 5.63% -62.44%
Inventory $136.6M $132.8M
Prepaid Expenses
Receivables $147.6M $137.4M
Other Receivables $0.00 $0.00
Total Short-Term Assets $355.7M $396.3M
YoY Change -10.23% 21.01%
LONG-TERM ASSETS
Property, Plant & Equipment $52.81M $42.40M
YoY Change 24.55% -10.17%
Goodwill $111.2M
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $23.10M $13.60M
YoY Change 69.85% 46.24%
Total Long-Term Assets $187.1M $167.2M
YoY Change 11.87% -0.36%
TOTAL ASSETS
Total Short-Term Assets $355.7M $396.3M
Total Long-Term Assets $187.1M $167.2M
Total Assets $542.8M $563.5M
YoY Change -3.67% 13.77%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $102.7M $98.90M
YoY Change 3.81% 51.22%
Accrued Expenses $51.97M $41.50M
YoY Change 25.22% 36.96%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $69.00K $100.0K
YoY Change -31.0% 0.0%
Total Short-Term Liabilities $154.7M $140.4M
YoY Change 10.19% 46.56%
LONG-TERM LIABILITIES
Long-Term Debt $353.9M $361.5M
YoY Change -2.11% 21.39%
Other Long-Term Liabilities $21.62M $24.60M
YoY Change -12.13% 27.46%
Total Long-Term Liabilities $375.5M $386.1M
YoY Change -2.75% 21.76%
TOTAL LIABILITIES
Total Short-Term Liabilities $154.7M $140.4M
Total Long-Term Liabilities $375.5M $386.1M
Total Liabilities $530.2M $526.4M
YoY Change 0.72% 27.49%
SHAREHOLDERS EQUITY
Retained Earnings -$362.4M
YoY Change
Common Stock $375.0M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $12.59M $37.06M
YoY Change
Total Liabilities & Shareholders Equity $542.8M $563.5M
YoY Change -3.67% 13.77%

Cashflow Statement

Concept 2014 Q1 2013 Q1
OPERATING ACTIVITIES
Net Income -$3.384M -$11.81M
YoY Change -71.34% -38.46%
Depreciation, Depletion And Amortization $2.000M $2.800M
YoY Change -28.57% -3.45%
Cash From Operating Activities $13.76M -$25.19M
YoY Change -154.63% 69.05%
INVESTING ACTIVITIES
Capital Expenditures $5.304M $981.0K
YoY Change 440.67% -157.71%
Acquisitions
YoY Change
Other Investing Activities $0.00 $13.00M
YoY Change -100.0% 12900.0%
Cash From Investing Activities -$5.302M $12.06M
YoY Change -143.96% -853.75%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $1.276M $1.036M
YoY Change 23.17%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -388.0K -637.0K
YoY Change -39.09% -9.0%
NET CHANGE
Cash From Operating Activities 13.76M -25.19M
Cash From Investing Activities -5.302M 12.06M
Cash From Financing Activities -388.0K -637.0K
Net Change In Cash 8.070M -13.77M
YoY Change -158.62% -19.97%
FREE CASH FLOW
Cash From Operating Activities $13.76M -$25.19M
Capital Expenditures $5.304M $981.0K
Free Cash Flow $8.456M -$26.17M
YoY Change -132.31% 98.26%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2014Q1 us-gaap Income Loss From Continuing Operations Per Basic And Diluted Share
IncomeLossFromContinuingOperationsPerBasicAndDilutedShare
-0.03
CY2013Q1 us-gaap Income Loss From Continuing Operations Per Basic And Diluted Share
IncomeLossFromContinuingOperationsPerBasicAndDilutedShare
-0.12
CY2014Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic And Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare
0.00
CY2013Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic And Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare
0.00
CY2014Q1 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.03
CY2013Q1 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.12
CY2014Q1 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
97617000
CY2013Q1 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
95989000
CY2014Q1 us-gaap Discontinued Operation Tax Effect Of Discontinued Operation
DiscontinuedOperationTaxEffectOfDiscontinuedOperation
0
CY2013Q1 us-gaap Discontinued Operation Tax Effect Of Discontinued Operation
DiscontinuedOperationTaxEffectOfDiscontinuedOperation
0
CY2014Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
62766000
CY2013Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
54696000
CY2014Q1 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
147603000
CY2013Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
143036000
CY2014Q1 us-gaap Inventory Net
InventoryNet
136613000
CY2013Q4 us-gaap Inventory Net
InventoryNet
123636000
CY2013Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
24093000
CY2013Q4 us-gaap Assets
Assets
515839000
CY2014Q1 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-48000
CY2014Q1 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
-36000
CY2014Q1 us-gaap Share Based Compensation
ShareBasedCompensation
982000
CY2014Q1 us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
4531000
CY2014Q1 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
12977000
CY2014Q1 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
7380000
CY2014Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
5304000
CY2014Q1 us-gaap Other Assets Current
OtherAssetsCurrent
8767000
CY2013Q4 us-gaap Other Assets Current
OtherAssetsCurrent
9793000
CY2014Q1 us-gaap Assets Current
AssetsCurrent
355749000
CY2013Q4 us-gaap Assets Current
AssetsCurrent
331161000
CY2014Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
52808000
CY2013Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
49392000
CY2014Q1 us-gaap Goodwill
Goodwill
111193000
CY2013Q4 us-gaap Goodwill
Goodwill
111193000
CY2014Q1 us-gaap Accounts Payable Current
AccountsPayableCurrent
102668000
CY2014Q1 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
51968000
CY2014Q1 us-gaap Long Term Debt Current
LongTermDebtCurrent
69000
CY2013Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
67000
CY2014Q1 us-gaap Liabilities Current
LiabilitiesCurrent
154705000
CY2014Q1 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
353886000
CY2013Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
353904000
CY2014Q1 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
21615000
CY2014Q1 us-gaap Liabilities
Liabilities
530206000
CY2014Q1 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
CY2014Q1 us-gaap Preferred Stock Value
PreferredStockValue
CY2014Q1 us-gaap Common Stock Value
CommonStockValue
979000
CY2014Q1 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
374022000
CY2014Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-362407000
CY2014Q1 us-gaap Stockholders Equity
StockholdersEquity
12594000
CY2014Q1 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
542800000
CY2014Q1 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
3422000
CY2013Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
3605000
CY2014Q1 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2014Q1 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000
CY2014Q1 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0
CY2014Q1 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0
CY2014Q1 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2014Q1 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
200000000
CY2013Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
12060000
CY2014Q1 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
97970000
CY2014Q1 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
97970000
CY2014Q1 bldr Depreciation And Amortization Of Long Lived Assets
DepreciationAndAmortizationOfLongLivedAssets
1982000
CY2014Q1 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
585000
CY2013Q1 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
295000
CY2013Q1 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
588000
CY2014Q1 us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
1197000
CY2013Q1 us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
426000
CY2013Q1 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
134000
CY2013Q1 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
275000
CY2013Q1 us-gaap Share Based Compensation
ShareBasedCompensation
1335000
CY2014Q1 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
1000
CY2013Q1 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
11000
CY2013Q1 us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
20313000
CY2013Q1 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
23831000
CY2014Q1 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-806000
CY2013Q1 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-1434000
CY2014Q1 us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
-183000
CY2013Q1 us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
263000
CY2014Q1 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
21622000
CY2013Q1 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
19472000
CY2013Q1 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
4304000
CY2014Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
13760000
CY2013Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-25189000
CY2013Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
981000
CY2014Q1 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
2000
CY2013Q1 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
11000
CY2013Q1 us-gaap Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
-13030000
CY2014Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-5302000
CY2014Q1 us-gaap Proceeds From Repayments Of Other Long Term Debt
ProceedsFromRepaymentsOfOtherLongTermDebt
-16000
CY2013Q1 us-gaap Proceeds From Repayments Of Other Long Term Debt
ProceedsFromRepaymentsOfOtherLongTermDebt
-14000
CY2013Q1 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
61000
CY2014Q1 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
904000
CY2013Q1 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
474000
CY2014Q1 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
1276000
CY2013Q1 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
1036000
CY2014Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-388000
CY2013Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-637000
CY2014Q1 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
8070000
CY2013Q1 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-13766000
CY2012Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
131432000
CY2013Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
117666000
CY2014Q1 us-gaap Long Term Debt
LongTermDebt
353955000
CY2013Q4 us-gaap Long Term Debt
LongTermDebt
353971000
CY2014Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Award Vesting Rights Percentage
SharebasedCompensationArrangementBySharebasedPaymentAwardAwardVestingRightsPercentage
0.25
CY2014Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Award Vesting Period1
ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1
P4Y
CY2014Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExercisePrice
7.67
CY2014Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
5.71
CY2014Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P5Y9M18D
CY2014Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.921
CY2014Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.0000
CY2014Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0183
CY2014Q1 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
1000000
CY2013Q1 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
4400000
CY2014Q1 bldr Number Of Product And Service Category Operated By Entity
NumberOfProductAndServiceCategoryOperatedByEntity
5
CY2014Q1 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1

Files In Submission

Name View Source Status
0001564590-14-001732-index-headers.html Edgar Link pending
0001564590-14-001732-index.html Edgar Link pending
0001564590-14-001732.txt Edgar Link pending
0001564590-14-001732-xbrl.zip Edgar Link pending
bldr-10q_20140331.htm Edgar Link pending
bldr-20140331.xml Edgar Link completed
bldr-20140331.xsd Edgar Link pending
bldr-20140331_cal.xml Edgar Link unprocessable
bldr-20140331_def.xml Edgar Link unprocessable
bldr-20140331_lab.xml Edgar Link unprocessable
bldr-20140331_pre.xml Edgar Link unprocessable
bldr-ex31_201403316.htm Edgar Link pending
bldr-ex31_201403317.htm Edgar Link pending
bldr-ex32_201403318.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xls Edgar Link pending
Financial_Report.xlsx Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R3.htm Edgar Link pending
R4.htm Edgar Link pending
R5.htm Edgar Link pending
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending