$BLDR
Builders FirstSource, Inc.

2015 Q2 Form 10-Q Financial Statement

#000156459015006624 Filed on August 07, 2015

View on sec.gov

Income Statement

Concept 2015 Q2 2014 Q2
Revenue $461.5M $426.5M
YoY Change 8.2% 7.13%
Cost Of Revenue $350.9M $332.7M
YoY Change 5.46% 5.33%
Gross Profit $110.6M $93.80M
YoY Change 17.93% 14.07%
Gross Profit Margin 23.97% 21.99%
Selling, General & Admin $94.50M $76.42M
YoY Change 23.66% 10.73%
% of Gross Profit 85.43% 81.47%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $3.600M $2.000M
YoY Change 80.0% -20.0%
% of Gross Profit 3.25% 2.13%
Operating Expenses $94.60M $76.42M
YoY Change 23.79% 10.73%
Operating Profit $15.94M $17.35M
YoY Change -8.15% 31.78%
Interest Expense $12.57M $6.504M
YoY Change 93.31% -89.35%
% of Operating Profit 78.88% 37.48%
Other Income/Expense, Net
YoY Change
Pretax Income $3.367M $10.85M
YoY Change -68.97% -122.66%
Income Tax -$200.0K $230.0K
% Of Pretax Income -5.94% 2.12%
Net Earnings $3.576M $10.61M
YoY Change -66.29% -122.01%
Net Earnings / Revenue 0.77% 2.49%
Basic Earnings Per Share $0.04 $0.11
Diluted Earnings Per Share $0.03 $0.09
COMMON SHARES
Basic Shares Outstanding 99.16M 98.03M
Diluted Shares Outstanding 103.0M 100.8M

Balance Sheet

Concept 2015 Q2 2014 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $40.20M $34.50M
YoY Change 16.52% 35.29%
Cash & Equivalents $40.15M $34.54M
Short-Term Investments
Other Short-Term Assets $26.75M $8.038M
YoY Change 232.82% -36.59%
Inventory $146.2M $140.7M
Prepaid Expenses
Receivables $184.7M $166.8M
Other Receivables $0.00 $0.00
Total Short-Term Assets $397.8M $350.1M
YoY Change 13.63% 7.65%
LONG-TERM ASSETS
Property, Plant & Equipment $86.83M $59.06M
YoY Change 47.02% 35.58%
Goodwill $141.1M $115.3M
YoY Change 22.34% 3.71%
Intangibles $16.09M
YoY Change
Long-Term Investments
YoY Change
Other Assets $20.56M $21.99M
YoY Change -6.49% -13.83%
Total Long-Term Assets $264.6M $196.4M
YoY Change 34.73% 8.93%
TOTAL ASSETS
Total Short-Term Assets $397.8M $350.1M
Total Long-Term Assets $264.6M $196.4M
Total Assets $662.4M $546.5M
YoY Change 21.21% 8.1%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $110.5M $100.7M
YoY Change 9.76% 11.19%
Accrued Expenses $80.46M $47.19M
YoY Change 70.51% 1.94%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $55.08M $71.00K
YoY Change 77474.65% 10.94%
Total Short-Term Liabilities $246.1M $148.0M
YoY Change 66.3% 8.06%
LONG-TERM LIABILITIES
Long-Term Debt $353.8M $353.9M
YoY Change -0.02% -0.02%
Other Long-Term Liabilities $14.36M $20.09M
YoY Change -28.5% -13.01%
Total Long-Term Liabilities $368.2M $374.0M
YoY Change -1.55% -0.82%
TOTAL LIABILITIES
Total Short-Term Liabilities $246.1M $148.0M
Total Long-Term Liabilities $368.2M $374.0M
Total Liabilities $614.2M $521.9M
YoY Change 17.69% 1.55%
SHAREHOLDERS EQUITY
Retained Earnings -$344.4M -$351.8M
YoY Change -2.11% -6.52%
Common Stock $392.5M $376.3M
YoY Change 4.29% 2.3%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $48.14M $24.55M
YoY Change
Total Liabilities & Shareholders Equity $662.4M $546.5M
YoY Change 21.21% 8.1%

Cashflow Statement

Concept 2015 Q2 2014 Q2
OPERATING ACTIVITIES
Net Income $3.576M $10.61M
YoY Change -66.29% -122.01%
Depreciation, Depletion And Amortization $3.600M $2.000M
YoY Change 80.0% -20.0%
Cash From Operating Activities $7.700M -$13.10M
YoY Change -158.78% -78.42%
INVESTING ACTIVITIES
Capital Expenditures -$5.200M -$6.800M
YoY Change -23.53% 88.89%
Acquisitions
YoY Change
Other Investing Activities $100.0K -$8.700M
YoY Change -101.15% -1550.0%
Cash From Investing Activities -$5.000M -$15.50M
YoY Change -67.74% 416.67%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 700.0K 400.0K
YoY Change 75.0% -101.4%
NET CHANGE
Cash From Operating Activities 7.700M -13.10M
Cash From Investing Activities -5.000M -15.50M
Cash From Financing Activities 700.0K 400.0K
Net Change In Cash 3.400M -28.20M
YoY Change -112.06% -69.41%
FREE CASH FLOW
Cash From Operating Activities $7.700M -$13.10M
Capital Expenditures -$5.200M -$6.800M
Free Cash Flow $12.90M -$6.300M
YoY Change -304.76% -88.97%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2014Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
10850000
CY2015Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
3367000
bldr Facility Closure Costs
FacilityClosureCosts
191000
us-gaap Operating Income Loss
OperatingIncomeLoss
22788000
us-gaap Interest Expense
InterestExpense
15332000
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-3599000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
148000
us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
7308000
us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
-83000
us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.07
us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
0.00
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.07
us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.07
us-gaap Discontinued Operation Income Loss From Discontinued Operation Net Of Tax Per Diluted Share
DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerDilutedShare
0.00
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
1117000
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
7456000
us-gaap Net Income Loss
NetIncomeLoss
7225000
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
7225000
us-gaap Share Based Compensation
ShareBasedCompensation
3369000
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
1355000
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
1306000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
24769000
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
34000
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
986000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-18000
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
10543000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
17557000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
14331000
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.07
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
97963000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
100766000
CY2015Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
40151000
CY2015Q2 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
184675000
CY2015Q2 us-gaap Inventory Net
InventoryNet
146227000
CY2015Q2 us-gaap Other Assets Current
OtherAssetsCurrent
26752000
CY2015Q2 us-gaap Assets Current
AssetsCurrent
397805000
CY2015Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
86830000
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
34670000
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
180000
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
5797000
us-gaap Proceeds From Repayments Of Other Long Term Debt
ProceedsFromRepaymentsOfOtherLongTermDebt
-36000
us-gaap Payments Of Merger Related Costs Financing Activities
PaymentsOfMergerRelatedCostsFinancingActivities
326000
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
22378000
CY2013Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
54696000
CY2014Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
34539000
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-20157000
us-gaap Year Founded
YearFounded
1998
CY2015Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
3815000
CY2014Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
2727000
CY2014Q4 us-gaap Long Term Debt
LongTermDebt
383904000
CY2015Q2 bldr Exercise Of Detachable Warrants
ExerciseOfDetachableWarrants
700000
bldr Ownership Change Percentage Criteria Under Statutory Compliance
OwnershipChangePercentageCriteriaUnderStatutoryCompliance
0.50
bldr Testing Period
TestingPeriod
P3Y
CY2014Q2 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
-4100000
us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
-3000000
us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
1800000
bldr Number Of Product And Service Category Operated By Entity
NumberOfProductAndServiceCategoryOperatedByEntity
5
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1
CY2015Q2 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
8300000
CY2015Q2 bldr Business Combination Separately Recognized Transactions Additional Disclosures Acquisition Costs Incurred To Date
BusinessCombinationSeparatelyRecognizedTransactionsAdditionalDisclosuresAcquisitionCostsIncurredToDate
9900000
bldr Business Combination Separately Recognized Transactions Additional Disclosures Acquisition Costs Incurred To Date
BusinessCombinationSeparatelyRecognizedTransactionsAdditionalDisclosuresAcquisitionCostsIncurredToDate
15200000
CY2015Q2 bldr Debt And Equity Issuance Costs
DebtAndEquityIssuanceCosts
3600000

Files In Submission

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