10-Q Filing

TOPBUILD CORP CIK: 1633931 Q2 2015

Filing Information

Form Type	10-Q
Accession Number	`0001558370-15-001603`
Period End Date	20150630
Filing Date	20150811
Fiscal Year	2015
Fiscal Period	Q2
XBRL Instance	bld-20150630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 59 Income Statement 74 Cash Flow Statement 45 Stockholders Equity 14

Balance Sheet 59 line items

Line Item	Tag	Value	Unit	Period
Preferred Stock, Par or Stated Value Per Share	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred Stock, Shares Authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$5.07M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$63.27M	USD	Point-in-time
Preferred Stock, Shares, Issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.97M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$3.02M	USD	Point-in-time
Receivables, net	`AccountsReceivableNetCurrent`	$237.08M	USD	Point-in-time
Receivables, net	`AccountsReceivableNetCurrent`	$220.18M	USD	Point-in-time
Preferred Stock, Shares, Outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Common Stock, Par or Stated Value Per Share	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Inventories, net	`InventoryNet`	$98.89M	USD	Point-in-time
Inventories, net	`InventoryNet`	$106.97M	USD	Point-in-time
Common Stock, Shares Authorized	`CommonStockSharesAuthorized`	250.00M	shares	Point-in-time
Deferred income taxes	`DeferredTaxAssetsGrossCurrent`	$910.00K	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsGrossCurrent`	$5.85M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$4.62M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$4.21M	USD	Point-in-time
Common Stock, Shares, Issued	`CommonStockSharesIssued`	37.67M	shares	Point-in-time
Common Stock, Shares, Outstanding	`CommonStockSharesOutstanding`	37.67M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$409.71M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$335.24M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$93.16M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$91.92M	USD	Point-in-time
Goodwill	`Goodwill`	$1.04B	USD	Point-in-time
Goodwill	`Goodwill`	$1.04B	USD	Point-in-time
Other intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$2.96M	USD	Point-in-time
Other intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$2.47M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$1.03M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$2.29M	USD	Point-in-time
Total Assets	`Assets`	$1.48B	USD	Point-in-time
Total Assets	`Assets`	$1.55B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$228.72M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$206.95M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$10.00M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$76.16M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$72.75M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$293.11M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$301.47M	USD	Point-in-time
Long-term bank debt	`LongTermDebtNoncurrent`	$190.00M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$188.42M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$182.28M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$40.39M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$42.26M	USD	Point-in-time
Total Liabilities	`Liabilities`	$524.14M	USD	Point-in-time
Total Liabilities	`Liabilities`	$713.79M	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock, $0.01 par value: 10,000,000 shares authorized; 0 shares issued and outstanding at June 30, 2015	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.01 par value: 10,000,000 shares authorized; 0 shares issued and outstanding at June 30, 2015	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $0.01 par value: 250,000,000 shares authorized; 37,667,947 shares issued and outstanding at June 30, 2015	`CommonStockValue`	$380.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$836.26M	USD	Point-in-time
Former Parent Company investment	`ParentCompanyInvestment`	$952.29M	USD	Point-in-time
Total equity	`StockholdersEquity`	$952.29M	USD	Point-in-time
Total equity	`StockholdersEquity`	$1.00B	USD	Point-in-time
Total equity	`StockholdersEquity`	$836.64M	USD	Point-in-time
Total equity	`StockholdersEquity`	$992.05M	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$1.55B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$1.48B	USD	Point-in-time

Income Statement 74 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueNet`	$382.79M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$403.76M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$762.22M	USD	2 Qtrs
Net sales	`SalesRevenueNet`	$716.37M	USD	2 Qtrs
Cost of sales	`CostOfGoodsAndServicesSold`	$318.07M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$565.85M	USD	2 Qtrs
Cost of sales	`CostOfGoodsAndServicesSold`	$602.71M	USD	2 Qtrs
Cost of sales	`CostOfGoodsAndServicesSold`	$297.85M	USD	1 Quarter
Gross profit	`GrossProfit`	$85.69M	USD	1 Quarter
Gross profit	`GrossProfit`	$84.94M	USD	1 Quarter
Gross profit	`GrossProfit`	$150.52M	USD	2 Qtrs
Gross profit	`GrossProfit`	$159.51M	USD	2 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$149.16M	USD	2 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$74.19M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$148.17M	USD	2 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$74.72M	USD	1 Quarter
Operating profit	`OperatingIncomeLoss`	$11.50M	USD	1 Quarter
Operating profit	`OperatingIncomeLoss`	$2.35M	USD	2 Qtrs
Operating profit	`OperatingIncomeLoss`	$10.22M	USD	1 Quarter
Operating profit	`OperatingIncomeLoss`	$10.35M	USD	2 Qtrs
Interest expense - related party	`InterestExpenseRelatedParty`	$6.32M	USD	2 Qtrs
Interest expense - related party	`InterestExpenseRelatedParty`	$3.10M	USD	1 Quarter
Interest expense - related party	`InterestExpenseRelatedParty`	$6.20M	USD	2 Qtrs
Interest expense - related party	`InterestExpenseRelatedParty`	$3.16M	USD	1 Quarter
Other, net	`OtherNonoperatingIncomeExpense`	$10.00K	USD	2 Qtrs
Other, net	`OtherNonoperatingIncomeExpense`	$-10.00K	USD	1 Quarter
Other income (expense), net	`NonoperatingIncomeExpense`	$-3.10M	USD	1 Quarter
Other income (expense), net	`NonoperatingIncomeExpense`	$-3.17M	USD	1 Quarter
Other income (expense), net	`NonoperatingIncomeExpense`	$-6.19M	USD	2 Qtrs
Other income (expense), net	`NonoperatingIncomeExpense`	$-6.32M	USD	2 Qtrs
Income (loss) from continuing operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-3.84M	USD	2 Qtrs
Income (loss) from continuing operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$4.03M	USD	2 Qtrs
Income (loss) from continuing operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$8.33M	USD	1 Quarter
Income (loss) from continuing operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$7.12M	USD	1 Quarter
Income tax (expense) benefit from continuing operations	`IncomeTaxExpenseBenefit`	$1.70M	USD	1 Quarter
Income tax (expense) benefit from continuing operations	`IncomeTaxExpenseBenefit`	$-1.93M	USD	2 Qtrs
Income tax (expense) benefit from continuing operations	`IncomeTaxExpenseBenefit`	$1.20M	USD	2 Qtrs
Income tax (expense) benefit from continuing operations	`IncomeTaxExpenseBenefit`	$940.00K	USD	1 Quarter
Income from continuing operations	`IncomeLossFromContinuingOperations`	$6.18M	USD	1 Quarter
Income from continuing operations	`IncomeLossFromContinuingOperations`	$6.63M	USD	1 Quarter
Income from continuing operations	`IncomeLossFromContinuingOperations`	$2.83M	USD	2 Qtrs
Income from continuing operations	`IncomeLossFromContinuingOperations`	$-1.91M	USD	2 Qtrs
Loss from discontinued operations, net	`IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity`	$-840.00K	USD	2 Qtrs
Loss from discontinued operations, net	`IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity`	$-230.00K	USD	1 Quarter
Loss from discontinued operations, net	`IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity`	$-350.00K	USD	1 Quarter
Loss from discontinued operations, net	`IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity`	$-230.00K	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$2.60M	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$6.40M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-2.75M	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$5.83M	USD	1 Quarter
Income from continuing operations	`IncomeLossFromContinuingOperationsPerBasicShare`	$0.16	USD	1 Quarter
Income from continuing operations	`IncomeLossFromContinuingOperationsPerBasicShare`	$0.18	USD	1 Quarter
Income from continuing operations	`IncomeLossFromContinuingOperationsPerBasicShare`	$0.08	USD	2 Qtrs
Income from continuing operations	`IncomeLossFromContinuingOperationsPerBasicShare`	$-0.05	USD	2 Qtrs
Loss from discontinued operations	`DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerBasicShare`	$-0.02	USD	2 Qtrs
Loss from discontinued operations	`DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerBasicShare`	$-0.01	USD	1 Quarter
Loss from discontinued operations	`DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerBasicShare`	$-0.01	USD	2 Qtrs
Loss from discontinued operations	`DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerBasicShare`	$-0.01	USD	1 Quarter
Net income	`EarningsPerShareBasic`	$0.07	USD	2 Qtrs
Net income	`EarningsPerShareBasic`	$0.15	USD	1 Quarter
Net income	`EarningsPerShareBasic`	$-0.07	USD	2 Qtrs
Net income	`EarningsPerShareBasic`	$0.17	USD	1 Quarter
Income from continuing operations	`IncomeLossFromContinuingOperationsPerDilutedShare`	$0.18	USD	1 Quarter
Income from continuing operations	`IncomeLossFromContinuingOperationsPerDilutedShare`	$0.08	USD	2 Qtrs
Income from continuing operations	`IncomeLossFromContinuingOperationsPerDilutedShare`	$-0.05	USD	2 Qtrs
Income from continuing operations	`IncomeLossFromContinuingOperationsPerDilutedShare`	$0.16	USD	1 Quarter
Loss from discontinued operations	`DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerDilutedShare`	$-0.02	USD	2 Qtrs
Loss from discontinued operations	`DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerDilutedShare`	$-0.01	USD	2 Qtrs
Loss from discontinued operations	`DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerDilutedShare`	$-0.01	USD	1 Quarter
Loss from discontinued operations	`DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerDilutedShare`	$-0.01	USD	1 Quarter
Net income	`EarningsPerShareDiluted`	$0.17	USD	1 Quarter
Net income	`EarningsPerShareDiluted`	$-0.07	USD	2 Qtrs
Net income	`EarningsPerShareDiluted`	$0.15	USD	1 Quarter
Net income	`EarningsPerShareDiluted`	$0.07	USD	2 Qtrs

Cash Flow Statement 45 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$2.60M	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$6.40M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-2.75M	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$5.83M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$13.05M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$6.14M	USD	2 Qtrs
Noncash stock compensation	`ShareBasedCompensation`	$1.96M	USD	2 Qtrs
Noncash stock compensation	`ShareBasedCompensation`	$1.67M	USD	2 Qtrs
Loss on sale of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-50.00K	USD	2 Qtrs
Loss on sale of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-2.30M	USD	2 Qtrs
Deferred income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$2.74M	USD	2 Qtrs
Deferred income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$-1.20M	USD	2 Qtrs
Receivables, net	`IncreaseDecreaseInAccountsReceivable`	$16.90M	USD	2 Qtrs
Receivables, net	`IncreaseDecreaseInAccountsReceivable`	$13.48M	USD	2 Qtrs
Inventory, net	`IncreaseDecreaseInInventories`	$-8.08M	USD	2 Qtrs
Inventory, net	`IncreaseDecreaseInInventories`	$2.07M	USD	2 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$22.95M	USD	2 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-15.46M	USD	2 Qtrs
Other, net	`IncreaseDecreaseInOtherCurrentAssetsAndLiabilitiesNet`	$-1.41M	USD	2 Qtrs
Other, net	`IncreaseDecreaseInOtherCurrentAssetsAndLiabilitiesNet`	$80.00K	USD	2 Qtrs
Cash (used) provided by operations	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-8.96M	USD	2 Qtrs
Cash (used) provided by operations	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$16.89M	USD	2 Qtrs
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$7.12M	USD	2 Qtrs
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$6.05M	USD	2 Qtrs
Other, net	`PaymentsForProceedsFromOtherInvestingActivities`	$-910.00K	USD	2 Qtrs
Other, net	`PaymentsForProceedsFromOtherInvestingActivities`	$-1.05M	USD	2 Qtrs
Net cash used by investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-6.21M	USD	2 Qtrs
Net cash used by investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-5.00M	USD	2 Qtrs
Net transfer from (to) Former Parent Company	`NetTransferFromToFormerParentCompany`	$-9.84M	USD	2 Qtrs
Net transfer from (to) Former Parent Company	`NetTransferFromToFormerParentCompany`	$77.19M	USD	2 Qtrs
Cash distribution paid to Former Parent Company	`DistributionsPaid`	$200.00M	USD	2 Qtrs
Proceeds from issuance of long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	$200.00M	USD	2 Qtrs
Payment of debt issuance costs	`PaymentsOfDebtIssuanceCosts`	$1.72M	USD	2 Qtrs
Net cash provided (used) by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$75.47M	USD	2 Qtrs
Net cash provided (used) by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-9.84M	USD	2 Qtrs
Increase for the period	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$2.05M	USD	2 Qtrs
Increase for the period	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$60.30M	USD	2 Qtrs
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$5.07M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$63.27M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$2.97M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$3.02M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$5.07M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$63.27M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$2.97M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$3.02M	USD	Point-in-time

Stockholders Equity 14 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$952.29M	USD	Point-in-time
Balance	`StockholdersEquity`	$1.00B	USD	Point-in-time
Balance	`StockholdersEquity`	$836.64M	USD	Point-in-time
Balance	`StockholdersEquity`	$992.05M	USD	Point-in-time
Net income (loss)	`NetIncomeLoss`	$2.60M	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$6.40M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-2.75M	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$5.83M	USD	1 Quarter
Net transfers to Parent Company	`NetTransfersToParentCompany`	$7.89M	USD	2 Qtrs
Separation-related adjustments	`SeparationRelatedAdjustments`	$118.25M	USD	2 Qtrs
Balance	`StockholdersEquity`	$952.29M	USD	Point-in-time
Balance	`StockholdersEquity`	$1.00B	USD	Point-in-time
Balance	`StockholdersEquity`	$836.64M	USD	Point-in-time
Balance	`StockholdersEquity`	$992.05M	USD	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.