Company research
Summit Materials, Inc.
CIK 1621563Updated Sep 24, 2026
Filing activity
Latest filing
50 filings on record · 15-12G, 4, S-8 POS, POSASR, 8-K, DEFA14A.
Financials
FY 2023 · USDSource
Source
Source
balance sheet · annual statements
| Line item | FY 2023 | FY 2022 | FY 2020 | FY 2019 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 5,149,582,000Source | 4,255,692,000Source | 4,308,011,000Source | 4,067,556,000Source |
| GoodwillUSD | 1,224,861,000Source | 1,132,546,000Source | 1,201,291,000Source | 1,199,699,000Source |
| Intangible Assets, Net (Excluding Goodwill)USD | 68,081,000Source | 71,384,000Source | 47,852,000Source | 23,498,000Source |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 374,162,000Source | 520,451,000Source | 418,181,000Source | 311,319,000Source |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | 287,252,000Source | 256,669,000Source | 254,696,000Source | 253,256,000Source |
| Inventory, NetUSD | 241,350,000Source | 212,491,000Source | 200,308,000Source | 204,787,000Source |
| Assets, CurrentUSD | 1,732,124,000Source | 1,018,376,000Source | 893,279,000Source | 796,281,000Source |
| Operating Lease, Right-of-Use AssetUSD | 36,553,000Source | 37,889,000Source | 28,543,000Source | 32,777,000Source |
| Other Assets, NoncurrentUSD | 59,134,000Source | 44,809,000Source | 55,000,000Source | 55,519,000Source |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesUSD | 2,833,002,000Source | 2,243,702,000Source | 2,691,743,000Source | 2,622,783,000Source |
| Stockholders’ equity: | ||||
| Retained Earnings (Accumulated Deficit)USD | 876,751,000Source | 590,895,000Source | 326,772,000Source | 188,805,000Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | 7,275,000Source | 3,084,000Source | 5,203,000Source | 3,448,000Source |
| Stockholders' Equity Attributable to ParentUSD | 2,307,035,000Source | 1,999,286,000Source | 1,597,801,000Source | 1,427,407,000Source |
| Additional Paid in Capital, Common StockUSD | 1,421,813,000Source | 1,404,122,000Source | 1,264,681,000Source | 1,234,020,000Source |
| Liabilities and EquityUSD | 5,149,582,000Source | 4,255,692,000Source | 4,308,011,000Source | 4,067,556,000Source |
| Current liabilities: | ||||
| Liabilities, CurrentUSD | 322,965,000Source | 255,847,000Source | 322,689,000Source | 299,297,000Source |
| Operating Lease, Liability, CurrentUSD | 8,596,000Source | 7,296,000Source | 8,188,000Source | 8,427,000Source |
| Accounts Payable, CurrentUSD | 123,621,000Source | 104,031,000Source | 120,813,000Source | 116,359,000Source |
| Operating Lease, Liability, NoncurrentUSD | 33,230,000Source | 35,737,000Source | 21,500,000Source | 25,381,000Source |
| Other Liabilities, NoncurrentUSD | 123,871,000Source | 106,686,000Source | 121,281,000Source | 100,282,000Source |
| Additional Financial Items | ||||
| Accrued Liabilities, CurrentUSD | 171,691,000Source | 119,967,000Source | 160,570,000Source | 120,005,000Source |
| Long-term Debt, Excluding Current Maturities | — | — | — | — |
| Long-term Debt, Current MaturitiesUSD | 3,822,000Source | 5,096,000Source | 6,354,000Source | 7,942,000Source |
| Long-term Debt, Excluding Current MaturitiesUSD | 2,296,651,000Source | 1,499,453,000Source | 1,909,071,000Source | 1,864,331,000Source |
cash flow · annual statements
| Line item | FY 2023 | FY 2022 | FY 2020 | FY 2019 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD | 289,626,000Source | 275,943,000Source | 141,240,000Source | 61,123,000Source |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Depreciation, Depletion and AmortizationUSD | 214,418,000Source | 197,837,000Source | 218,682,000Source | 214,886,000Source |
| Share-based Payment Arrangement, Noncash ExpenseUSD | 20,326,000Source | 18,347,000Source | 28,857,000Source | 20,403,000Source |
| Changes in operating assets and liabilities: | ||||
| Increase (Decrease) in Accounts ReceivableUSD | 26,224,000Source | -10,749,000Source | -5,467,000Source | 37,049,000Source |
| Increase (Decrease) in InventoriesUSD | 26,351,000Source | 63,247,000Source | -3,339,000Source | -8,582,000Source |
| Increase (Decrease) in Accounts PayableUSD | 5,324,000Source | -9,218,000Source | -4,231,000Source | 18,903,000Source |
| Deferred Income Tax Expense (Benefit)USD | 87,554,000Source | 69,891,000Source | -16,012,000Source | 17,032,000Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | 438,860,000Source | 284,098,000Source | 408,869,000Source | 337,184,000Source |
| Cash flows from investing activities: | ||||
| Payments to Acquire Businesses, Net of Cash AcquiredUSD | 239,508,000Source | 22,730,000Source | 123,477,000Source | 5,392,000Source |
| Net Cash Provided by (Used in) Investing ActivitiesUSD | -420,264,000Source | 95,822,000Source | -285,587,000Source | -162,809,000Source |
| Payments for (Proceeds from) Other Investing ActivitiesUSD | 5,137,000Source | 3,162,000Source | -1,121,000Source | 1,095,000Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | 255,619,000Source | 266,733,000Source | 177,249,000Source | 177,495,000Source |
| Cash flows from financing activities: | ||||
| Payments for Repurchase of Common StockUSD | 0Source | 100,980,000Source | — | — |
| Net Cash Provided by (Used in) Financing ActivitiesUSD | 633,784,000Source | -238,993,000Source | -16,771,000Source | 8,150,000Source |
| Proceeds from (Payments for) Other Financing ActivitiesUSD | -5,199,000Source | -27,000Source | -907,000Source | -502,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | 653,711,000Source | 139,490,000Source | 106,862,000Source | 182,811,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 1,174,162,000Source | 520,451,000Source | 418,181,000Source | 311,319,000Source |
| Supplemental disclosure of cash flow information: | ||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | 99,035,000Source | 76,279,000Source | 99,551,000Source | 104,614,000Source |
| Income Taxes Paid, NetUSD | 11,135,000Source | 23,352,000Source | 1,754,000Source | -919,000Source |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 1,331,000Source | -1,437,000Source | 351,000Source | 286,000Source |
| Additional Financial Items | ||||
| Share-based Payment Arrangement, ExpenseUSD | 20,300,000Source | 18,300,000Source | 28,900,000Source | 20,400,000Source |
| Amortization of Debt Issuance CostsUSD | 2,464,000Source | 2,655,000Source | 3,336,000Source | 3,501,000Source |
| Amortization of Intangible AssetsUSD | 3,500,000Source | 3,500,000Source | 2,700,000Source | 2,100,000Source |
| Asset Retirement Obligation, Accretion ExpenseUSD | 3,132,000Source | 2,613,000Source | 2,638,000Source | 2,216,000Source |
| DepreciationUSD | 201,300,000Source | 184,300,000Source | 195,300,000Source | 196,800,000Source |
| Gain (Loss) on Disposition of AssetsUSD | 23,259,000Source | 182,263,000Source | 7,548,000Source | 10,294,000Source |
| Gain (Loss) on Disposition of BusinessUSD | 14,966,000Source | 172,389,000Source | 0Source | 0Source |
| Gain (Loss) on Disposition of Property Plant EquipmentUSD | 8,290,000Source | 10,370,000Source | 7,569,000Source | — |
| General and Administrative ExpenseUSD | 210,357,000Source | 190,218,000Source | 309,531,000Source | 262,926,000Source |
| GoodwillUSD | 1,224,861,000Source | 1,132,546,000Source | 1,201,291,000Source | 1,199,699,000Source |
| Goodwill, Impairment LossUSD | 0Source | 0Source | 0Source | 0Source |
| Income Tax Expense (Benefit)USD | 104,838,000Source | 85,545,000Source | -12,185,000Source | 17,101,000Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | 3,770,000Source | 3,798,000Source | 3,273,000Source | — |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | 285,856,000Source | 272,145,000Source | 137,967,000Source | 59,066,000Source |
| Other Nonoperating Income (Expense)USD | 21,334,000Source | 10,324,000Source | 3,982,000Source | 11,977,000Source |
| Payments of Financing CostsUSD | 5,599,000Source | 1,557,000Source | 9,605,000Source | 6,312,000Source |
| Proceeds from Issuance of Common StockUSD | — | — | — | 0Source |
| Proceeds from Stock Options ExercisedUSD | 247,000Source | 213,000Source | 1,043,000Source | 19,076,000Source |
income statement · annual statements
| Line item | FY 2023 | FY 2022 | FY 2020 | FY 2019 |
|---|---|---|---|---|
| Total RevenueUSD | 2,619,468,000Source | 2,412,522,000Source | 2,332,451,000Source | 2,222,140,000Source |
| Cost of RevenueUSD | 1,862,408,000Source | 1,763,177,000Source | 1,583,996,000Source | 1,526,332,000Source |
| Gross Profit (Calculated) · Derived | — | — | — | — |
| Operating Income (Loss)USD | 310,630,000Source | 269,047,000Source | 225,173,000Source | 213,558,000Source |
| Other Nonoperating Income (Expense)USD | 21,334,000Source | 10,324,000Source | 3,982,000Source | 11,977,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | 394,464,000Source | 361,488,000Source | 129,055,000Source | 78,224,000Source |
| Income Tax Expense (Benefit)USD | 104,838,000Source | 85,545,000Source | -12,185,000Source | 17,101,000Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | 3,770,000Source | 3,798,000Source | 3,273,000Source | — |
| Additional Financial Items | ||||
| Amortization of Intangible AssetsUSD | 3,500,000Source | 3,500,000Source | 2,700,000Source | 2,100,000Source |
| Business Combination, Acquisition Related CostsUSD | — | — | 2,747,000Source | 2,222,000Source |
| Current Income Tax Expense (Benefit)USD | 17,284,000Source | 15,654,000Source | 3,827,000Source | 69,000Source |
| General and Administrative ExpenseUSD | 210,357,000Source | 190,218,000Source | 309,531,000Source | 262,926,000Source |
| Goodwill, Impairment LossUSD | 0Source | 0Source | 0Source | 0Source |
| Interest ExpenseUSD | 114,155,000Source | 86,969,000Source | 103,595,000Source | 116,509,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | 285,856,000Source | 272,145,000Source | 137,967,000Source | 59,066,000Source |