2020 Q4 Form 10-K Financial Statement

#000156459021009308 Filed on February 26, 2021

View on sec.gov

Income Statement

Concept 2020 Q4 2020 Q3 2020 Q2
Revenue $2.531B $2.295B $1.946B
YoY Change 43.5% 15.87% 2.16%
Cost Of Revenue $1.862B $1.725B $1.428B
YoY Change 44.65% 19.79% 2.95%
Gross Profit $669.2M $570.7M $517.3M
YoY Change 40.42% 5.45% 0.03%
Gross Profit Margin 26.44% 24.86% 26.59%
Selling, General & Admin $455.3M $430.9M $388.1M
YoY Change 13.43% 4.71% -3.34%
% of Gross Profit 68.04% 75.51% 75.02%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $29.30M $29.42M $28.48M
YoY Change 3.9% 20.68% 19.57%
% of Gross Profit 4.38% 5.16% 5.5%
Operating Expenses $455.3M $430.9M $388.1M
YoY Change 13.43% 4.71% -3.34%
Operating Profit $213.9M $139.8M $129.2M
YoY Change 184.59% 7.81% 11.74%
Interest Expense -$28.90M -$28.04M -$26.81M
YoY Change 5.09% 0.92% -8.75%
% of Operating Profit -13.51% -20.07% -20.75%
Other Income/Expense, Net
YoY Change
Pretax Income $185.0M $111.7M $102.4M
YoY Change 287.84% 9.69% 18.76%
Income Tax $45.10M $25.80M $23.50M
% Of Pretax Income 24.38% 23.09% 22.94%
Net Earnings $139.9M $85.93M $78.92M
YoY Change 238.23% 9.99% 18.5%
Net Earnings / Revenue 5.53% 3.74% 4.06%
Basic Earnings Per Share $1.20 $0.74 $0.68
Diluted Earnings Per Share $1.18 $0.73 $0.67
COMMON SHARES
Basic Shares Outstanding 116.7M 116.6M
Diluted Shares Outstanding 118.0M 117.5M

Balance Sheet

Concept 2020 Q4 2020 Q3 2020 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $423.8M $340.9M $385.5M
YoY Change 2905.67% 687.3% 3536.79%
Cash & Equivalents $423.8M $340.9M $385.5M
Short-Term Investments
Other Short-Term Assets $58.90M $44.20M $36.10M
YoY Change 50.54% 27.73% -0.28%
Inventory $784.5M $751.1M $615.1M
Prepaid Expenses
Receivables $822.8M $860.8M $719.7M
Other Receivables $76.44M $64.70M $45.10M
Total Short-Term Assets $2.224B $2.062B $1.802B
YoY Change 70.15% 44.17% 25.63%
LONG-TERM ASSETS
Property, Plant & Equipment $749.1M $1.029B $1.030B
YoY Change 3.77% 47.8% 52.51%
Goodwill $785.3M $777.3M $777.3M
YoY Change 2.12% 2.98%
Intangibles $119.9M
YoY Change -6.63%
Long-Term Investments
YoY Change
Other Assets $21.11M $25.80M $29.40M
YoY Change -5.02% -9.47% -4.85%
Total Long-Term Assets $1.950B $1.953B $1.963B
YoY Change 0.38% 4.58% 8.1%
TOTAL ASSETS
Total Short-Term Assets $2.224B $2.062B $1.802B
Total Long-Term Assets $1.950B $1.953B $1.963B
Total Assets $4.174B $4.015B $3.765B
YoY Change 28.44% 21.74% 15.84%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $600.4M $651.3M $554.4M
YoY Change 37.44% 30.42% 7.25%
Accrued Expenses $327.1M $343.9M $305.0M
YoY Change 5.87% 13.99% 13.34%
Deferred Revenue $58.46M
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $27.30M $29.50M $24.00M
YoY Change 96.4% 104.86% 88.98%
Total Short-Term Liabilities $1.075B $1.085B $933.1M
YoY Change 30.87% 25.61% 10.01%
LONG-TERM LIABILITIES
Long-Term Debt $1.597B $1.574B $1.578B
YoY Change 25.01% 16.56% 11.08%
Other Long-Term Liabilities $80.40M $310.7M $299.6M
YoY Change 53.88% 483.64% 10.47%
Total Long-Term Liabilities $80.40M $1.885B $1.878B
YoY Change 53.88% 3440.53% 10.98%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.075B $1.085B $933.1M
Total Long-Term Liabilities $80.40M $1.885B $1.878B
Total Liabilities $3.021B $3.007B $2.849B
YoY Change 24.6% 19.39% 11.9%
SHAREHOLDERS EQUITY
Retained Earnings $562.4M
YoY Change 126.0%
Common Stock $590.4M
YoY Change 2.48%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.153B $1.008B $915.9M
YoY Change
Total Liabilities & Shareholders Equity $4.174B $4.015B $3.765B
YoY Change 28.44% 21.75% 15.84%

Cashflow Statement

Concept 2020 Q4 2020 Q3 2020 Q2
OPERATING ACTIVITIES
Net Income $139.9M $85.93M $78.92M
YoY Change 238.23% 9.99% 18.5%
Depreciation, Depletion And Amortization $29.30M $29.42M $28.48M
YoY Change 3.9% 20.68% 19.57%
Cash From Operating Activities $105.0M -$14.80M $220.6M
YoY Change -26.93% -108.15% 27.74%
INVESTING ACTIVITIES
Capital Expenditures -$28.60M -$28.70M -$26.30M
YoY Change -18.29% -11.69% 10.04%
Acquisitions
YoY Change
Other Investing Activities -$11.50M $1.800M $1.000M
YoY Change -80.1% -105.44% -74.36%
Cash From Investing Activities -$40.10M -$26.80M -$25.40M
YoY Change -56.79% -59.15% 27.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 18.10M -2.900M 26.40M
YoY Change -122.57% -96.51% -117.15%
NET CHANGE
Cash From Operating Activities 105.0M -14.80M 220.6M
Cash From Investing Activities -40.10M -26.80M -25.40M
Cash From Financing Activities 18.10M -2.900M 26.40M
Net Change In Cash 83.00M -44.50M 221.6M
YoY Change -383.28% -235.67% -18566.67%
FREE CASH FLOW
Cash From Operating Activities $105.0M -$14.80M $220.6M
Capital Expenditures -$28.60M -$28.70M -$26.30M
Free Cash Flow $133.6M $13.90M $246.9M
YoY Change -25.24% -93.5% 25.58%

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<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">1. <span style="text-decoration:underline;">Description of the Business</span> </p> <p style="margin-bottom:0pt;margin-top:6pt;text-indent:4.54%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Builders FirstSource, Inc., a Delaware corporation formed in 1998, is a leading supplier of building materials, manufactured components and construction services to professional contractors, sub-contractors, and consumers. Following the merger with BMC Stock Holdings, Inc. on January 1, 2021, which is discussed in more detail in Note 18, the company operates approximately 550 locations in 40 states across the United States. </p> <p style="margin-bottom:0pt;margin-top:12pt;text-indent:4.54%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">In this annual report, references to the “Company,” “we,” “our,” “ours” or “us” refer to Builders FirstSource, Inc. and its consolidated subsidiaries, unless otherwise stated or the context otherwise requires. </p>
CY2020 us-gaap Year Founded
YearFounded
1998
CY2020Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
1272919000
CY2019Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
1170903000
CY2020Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
523789000
CY2019Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
449016000
CY2020Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
749130000
CY2020 us-gaap Depreciation
Depreciation
94500000
CY2019 us-gaap Depreciation
Depreciation
84000000.0
CY2018 us-gaap Depreciation
Depreciation
74400000
CY2019 us-gaap Cost Of Goods And Services Sold Depreciation And Amortization
CostOfGoodsAndServicesSoldDepreciationAndAmortization
19700000
CY2018 us-gaap Cost Of Goods And Services Sold Depreciation And Amortization
CostOfGoodsAndServicesSoldDepreciationAndAmortization
18600000
CY2020 us-gaap Use Of Estimates
UseOfEstimates
<p style="margin-bottom:0pt;margin-top:18pt;text-indent:0%;font-weight:bold;font-style:italic;font-size:10pt;font-family:Times New Roman;text-transform:none;font-variant: normal;">Accounting Estimates </p> <p style="margin-bottom:0pt;margin-top:6pt;text-indent:4.54%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The preparation of financial statements in conformity with generally accepted accounting principles (“GAAP”) in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. Actual results could materially differ from those estimates. </p> <p style="margin-bottom:0pt;margin-top:12pt;text-indent:4.54%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Estimates are used when accounting for items such as revenue, vendor rebates, allowance for returns, discounts and doubtful accounts, employee compensation programs, depreciation and amortization periods, income taxes, inventory values, insurance programs, goodwill, other intangible assets and long-lived assets. </p>
CY2020Q4 bldr Reserve For Credit Memos And Customer Returns
ReserveForCreditMemosAndCustomerReturns
11900000
CY2019Q4 bldr Reserve For Credit Memos And Customer Returns
ReserveForCreditMemosAndCustomerReturns
7600000
CY2020Q4 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
897655000
CY2019Q4 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
628438000
CY2020Q4 bldr Allowances On Trade Accounts Receivable Current
AllowancesOnTradeAccountsReceivableCurrent
17637000
CY2019Q4 bldr Allowances On Trade Accounts Receivable Current
AllowancesOnTradeAccountsReceivableCurrent
13492000
CY2020Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
880018000
CY2019Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
614946000
CY2019Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
5936000
CY2018Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
6195000
CY2017Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
4973000
CY2020 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
4720000
CY2019 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
5811000
CY2018 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
5284000
CY2020 bldr Allowance For Doubtful Accounts Receivable Write Offs Net Of Recoveries
AllowanceForDoubtfulAccountsReceivableWriteOffsNetOfRecoveries
4882000
CY2019 bldr Allowance For Doubtful Accounts Receivable Write Offs Net Of Recoveries
AllowanceForDoubtfulAccountsReceivableWriteOffsNetOfRecoveries
6070000
CY2018 bldr Allowance For Doubtful Accounts Receivable Write Offs Net Of Recoveries
AllowanceForDoubtfulAccountsReceivableWriteOffsNetOfRecoveries
4062000
CY2020Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
5774000
CY2019Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
5936000
CY2018Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
6195000
CY2018 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.79
CY2020 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.66
CY2019 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.90
CY2018 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.76
CY2020 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
291000
CY2019 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
402000
CY2018 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
682000
CY2020Q4 us-gaap Self Insurance Reserve
SelfInsuranceReserve
90800000
CY2019Q4 us-gaap Self Insurance Reserve
SelfInsuranceReserve
87000000.0
CY2020 us-gaap Net Income Loss
NetIncomeLoss
313537000
CY2019 us-gaap Net Income Loss
NetIncomeLoss
221809000
CY2018 us-gaap Net Income Loss
NetIncomeLoss
205191000
CY2020 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
116611000
CY2019 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
115713000
CY2018 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
114586000
CY2020 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
1306000
CY2019 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
1312000
CY2018 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
1968000
CY2020 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
117917000
CY2019 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
117025000
CY2018 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
116554000
CY2020 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.69
CY2019 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.92
CY2020Q4 us-gaap Interest Payable Current
InterestPayableCurrent
13567000
CY2019Q4 us-gaap Interest Payable Current
InterestPayableCurrent
12256000
CY2020Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
20948000
CY2019Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
23095000
CY2020Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
385536000
CY2019Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
308950000
CY2020Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
1642445000
CY2020Q4 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
18205000
CY2020Q4 us-gaap Long Term Debt And Capital Lease Obligations Including Current Maturities
LongTermDebtAndCapitalLeaseObligationsIncludingCurrentMaturities
1624240000
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
0
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
0
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
0
CY2020 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
8558874000
CY2019 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
7280431000
CY2018 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
7724771000
CY2020Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
58500000
CY2019Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
38600000
CY2019Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
721887000
CY2020 us-gaap Cost Of Goods And Services Sold Depreciation And Amortization
CostOfGoodsAndServicesSoldDepreciationAndAmortization
20800000
CY2018Q4 us-gaap Goodwill Gross
GoodwillGross
785047000
CY2018Q4 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
44636000
CY2018Q4 us-gaap Goodwill
Goodwill
740411000
CY2019 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
28611000
CY2019Q4 us-gaap Goodwill Gross
GoodwillGross
813658000
CY2019Q4 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
44636000
CY2019Q4 us-gaap Goodwill
Goodwill
769022000
CY2020 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
16284000
CY2020Q4 us-gaap Goodwill Gross
GoodwillGross
829941000
CY2020Q4 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
44636000
CY2020Q4 us-gaap Goodwill
Goodwill
785305000
CY2020Q4 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
1596905000
CY2020 bldr Goodwill Amortization Period For Tax Purposes
GoodwillAmortizationPeriodForTaxPurposes
P15Y
CY2020 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0
CY2019 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0
CY2018 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0
CY2020Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
256655000
CY2020Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
136773000
CY2019Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
243085000
CY2019Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
114697000
CY2019 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
16100000
CY2018 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
23500000
CY2019 us-gaap Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
0
CY2018 us-gaap Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
0
CY2020Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
21120000
CY2020Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
19427000
CY2020Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
16050000
CY2020Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
14640000
CY2020Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
12439000
CY2020Q4 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
36206000
CY2020Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
119882000
CY2020Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
176379000
CY2019Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
152869000
CY2020Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
58455000
CY2019Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
38559000
CY2020Q4 bldr Customer Obligations Current
CustomerObligationsCurrent
18592000
CY2019Q4 bldr Customer Obligations Current
CustomerObligationsCurrent
11612000
CY2020Q4 us-gaap Self Insurance Reserve Current
SelfInsuranceReserveCurrent
38642000
CY2019Q4 us-gaap Self Insurance Reserve Current
SelfInsuranceReserveCurrent
37955000
CY2020Q4 us-gaap Taxes Payable Current
TaxesPayableCurrent
58953000
CY2019Q4 us-gaap Taxes Payable Current
TaxesPayableCurrent
32604000
CY2019Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
1299982000
CY2019Q4 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
8709000
CY2019Q4 us-gaap Long Term Debt And Capital Lease Obligations Including Current Maturities
LongTermDebtAndCapitalLeaseObligationsIncludingCurrentMaturities
1291273000
CY2020Q4 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
27335000
CY2019Q4 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
13875000
CY2019Q4 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
1277398000
CY2020Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
75000000
CY2020Q4 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
1327500000
CY2020Q4 us-gaap Notes And Loans Payable
NotesAndLoansPayable
1402500000
CY2020Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
274562000
CY2019Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
292684000
CY2020Q4 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
34905000
CY2019Q4 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
32070000
CY2020Q4 bldr Operating And Financing Lease Right Of Use Assets
OperatingAndFinancingLeaseRightOfUseAssets
309467000
CY2019Q4 bldr Operating And Financing Lease Right Of Use Assets
OperatingAndFinancingLeaseRightOfUseAssets
324754000
CY2020Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
61625000
CY2019Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
61653000
CY2020Q4 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
12178000
CY2019Q4 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
10378000
CY2020Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
219239000
CY2019Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
236948000
CY2020Q4 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
11695000
CY2019Q4 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
9955000
CY2020Q4 bldr Operating And Finance Lease Liabilities
OperatingAndFinanceLeaseLiabilities
304737000
CY2019Q4 bldr Operating And Finance Lease Liabilities
OperatingAndFinanceLeaseLiabilities
318934000
CY2020 us-gaap Operating Lease Cost
OperatingLeaseCost
85798000
CY2019 us-gaap Operating Lease Cost
OperatingLeaseCost
84603000
CY2020 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
6325000
CY2019 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
5177000
CY2020 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
1424000
CY2019 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
1115000
CY2020 us-gaap Variable Lease Cost
VariableLeaseCost
17607000
CY2019 us-gaap Variable Lease Cost
VariableLeaseCost
15441000
CY2020 us-gaap Lease Cost
LeaseCost
111154000
CY2019 us-gaap Lease Cost
LeaseCost
106336000
CY2020Q4 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
13242000
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
76567000
CY2020Q4 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
8934000
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
63879000
CY2020Q4 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
2953000
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
49546000
CY2020Q4 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
250000
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
38208000
CY2020Q4 us-gaap Finance Lease Liability Payments Due Year Five
FinanceLeaseLiabilityPaymentsDueYearFive
67000
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
28958000
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
84959000
CY2020Q4 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
25446000
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
342117000
CY2020Q4 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
1573000
CY2020Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
61253000
CY2020Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
23873000
CY2020Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
280864000
CY2020Q4 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
12178000
CY2020Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
61625000
CY2020Q4 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
11695000
CY2020Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
219239000
CY2020Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.063
CY2019Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.066
CY2020Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.059
CY2019Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.060
CY2020 us-gaap Operating Lease Payments
OperatingLeasePayments
82559000
CY2019 us-gaap Operating Lease Payments
OperatingLeasePayments
81488000
CY2020 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
1424000
CY2019 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
1115000
CY2020 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
13409000
CY2019 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
11477000
CY2020 us-gaap Sale Leaseback Transaction Description
SaleLeasebackTransactionDescription
Company is party to 131 individual property lease agreements with a single lessor as of December 31, 2020. These lease agreements had initial terms ranging from nine to 15 years with renewal options in five-year increments providing for up to approximately 30-year total lease terms.
CY2020Q4 bldr Other Finance Obligations Number Of Leased Properties
OtherFinanceObligationsNumberOfLeasedProperties
131
CY2020 bldr Lessee Leasing Arrangements Other Finance Obligations Maximum Term Of Contract
LesseeLeasingArrangementsOtherFinanceObligationsMaximumTermOfContract
P30Y
CY2020Q4 us-gaap Present Value Of Future Minimum Lease Payments Sale Leaseback Transactions
PresentValueOfFutureMinimumLeasePaymentsSaleLeasebackTransactions
216100000
CY2020 us-gaap Sale Leaseback Transaction Annual Rental Payments
SaleLeasebackTransactionAnnualRentalPayments
20900000
CY2019Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
434000
CY2019Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
6.81
CY2020 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
235000
CY2020 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
6.06
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
199000
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
7.68
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
6590000
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
187000
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
7.34
CY2020Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
6249000
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
4800000
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
12500000
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
10900000
CY2020 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
17000000.0
CY2019 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
12200000
CY2018 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
14400000
CY2020 us-gaap Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Amount
EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitAmount
2100000
CY2019 us-gaap Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Amount
EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitAmount
2200000
CY2018 us-gaap Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Amount
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