10-Q Filing

TOPBUILD CORP CIK: 1633931 Q1 2016

Filing Information

Form Type	10-Q
Accession Number	`0001558370-16-005873`
Period End Date	20160331
Filing Date	20160511
Fiscal Year	2016
Fiscal Period	Q1
XBRL Instance	bld-20160331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 78 Income Statement 33 Cash Flow Statement 54 Stockholders Equity 16

Balance Sheet 78 line items

Line Item	Tag	Value	Unit	Period
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$3.40M	USD	Point-in-time
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$3.33M	USD	Point-in-time
Preferred Stock, Par Value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred Stock, Par Value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred Stock, Shares Authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Preferred Stock, Shares Authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$108.15M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$112.85M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$3.60M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.96M	USD	Point-in-time
Receivables, net of an allowance for doubtful accounts of $3,334 and $3,399 at March 31, 2016 and December 31, 2015, respectively	`AccountsReceivableNetCurrent`	$235.55M	USD	Point-in-time
Preferred Stock, Shares, Issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred Stock, Shares, Issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Receivables, net of an allowance for doubtful accounts of $3,334 and $3,399 at March 31, 2016 and December 31, 2015, respectively	`AccountsReceivableNetCurrent`	$243.00M	USD	Point-in-time
Preferred Stock, Shares, Outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Inventories, net	`InventoryNet`	$118.70M	USD	Point-in-time
Preferred Stock, Shares, Outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Inventories, net	`InventoryNet`	$108.02M	USD	Point-in-time
Common Stock, Par Value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common Stock, Par Value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$6.10M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$13.26M	USD	Point-in-time
Common Stock, Shares Authorized	`CommonStockSharesAuthorized`	250.00M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$465.26M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$480.36M	USD	Point-in-time
Common Stock, Shares Authorized	`CommonStockSharesAuthorized`	250.00M	shares	Point-in-time
Common Stock, Shares, Issued	`CommonStockSharesIssued`	38.27M	shares	Point-in-time
Common Stock, Shares, Issued	`CommonStockSharesIssued`	38.48M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$93.07M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$92.10M	USD	Point-in-time
Goodwill	`Goodwill`	$1.04B	USD	Point-in-time
Goodwill	`Goodwill`	$1.04B	USD	Point-in-time
Common Stock, Shares, Outstanding	`CommonStockSharesOutstanding`	38.48M	shares	Point-in-time
Common Stock, Shares, Outstanding	`CommonStockSharesOutstanding`	38.27M	shares	Point-in-time
Treasury stock, shares at cost	`TreasuryStockShares`	53,408.00	shares	Point-in-time
Other intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$1.78M	USD	Point-in-time
Other intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$1.99M	USD	Point-in-time
Deferred tax assets, net	`DeferredTaxAssetsLiabilitiesNetNoncurrent`	$20.55M	USD	Point-in-time
Deferred tax assets, net	`DeferredTaxAssetsLiabilitiesNetNoncurrent`	$20.55M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$2.13M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$2.25M	USD	Point-in-time
Total Assets	`Assets`	$1.63B	USD	Point-in-time
Total Assets	`Assets`	$1.64B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$223.31M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$253.31M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$15.00M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$17.50M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesAndEmployeeRelatedLiabilitiesCurrent`	$65.53M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesAndEmployeeRelatedLiabilitiesCurrent`	$58.37M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$306.33M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$326.68M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$173.54M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$178.46M	USD	Point-in-time
Deferred tax liabilities, net	`DeferredTaxLiabilitiesNoncurrent`	$181.25M	USD	Point-in-time
Deferred tax liabilities, net	`DeferredTaxLiabilitiesNoncurrent`	$181.25M	USD	Point-in-time
Long-term portion of insurance reserves	`AccruedInsuranceNoncurrent`	$39.66M	USD	Point-in-time
Long-term portion of insurance reserves	`AccruedInsuranceNoncurrent`	$38.64M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$435.00K	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$474.00K	USD	Point-in-time
Total Liabilities	`Liabilities`	$700.21M	USD	Point-in-time
Total Liabilities	`Liabilities`	$726.52M	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 March 31, 2016 and December 31, 2015	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.01 par value: 10,000,000 shares authorized; 0 shares issued and outstanding at March 31, 2016 and December 31, 2015	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $0.01 par value: 250,000,000 shares authorized; 38,480,200 and 38,268,375 shares issued and outstanding at March 31, 2016 and December 31, 2015, respectively	`CommonStockValue`	$385.00K	USD	Point-in-time
Common stock, $0.01 par value: 250,000,000 shares authorized; 38,480,200 and 38,268,375 shares issued and outstanding at March 31, 2016 and December 31, 2015, respectively	`CommonStockValue`	$377.00K	USD	Point-in-time
Treasury stock, 53,408 shares at March 31, 2016, at cost	`TreasuryStockValue`	$1.54M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$839.31M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$838.98M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$87.49M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$76.38M	USD	Point-in-time
Total equity	`StockholdersEquity`	$952.29M	USD	Point-in-time
Total equity	`StockholdersEquity`	$925.65M	USD	Point-in-time
Total equity	`StockholdersEquity`	$973.26M	USD	Point-in-time
Total equity	`StockholdersEquity`	$915.73M	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$1.63B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$1.64B	USD	Point-in-time

Income Statement 33 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueNet`	$414.02M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$358.46M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$284.64M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$324.57M	USD	1 Quarter
Gross profit	`GrossProfit`	$89.45M	USD	1 Quarter
Gross profit	`GrossProfit`	$73.82M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$74.96M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$69.69M	USD	1 Quarter
Operating profit (loss)	`OperatingIncomeLoss`	$-1.15M	USD	1 Quarter
Operating profit (loss)	`OperatingIncomeLoss`	$19.77M	USD	1 Quarter
Interest expense	`InterestExpense`	$1.67M	USD	1 Quarter
Interest expense	`InterestExpense`	$3.16M	USD	1 Quarter
Other, net	`OtherNonoperatingIncomeExpense`	$8.00K	USD	1 Quarter
Other, net	`OtherNonoperatingIncomeExpense`	$75.00K	USD	1 Quarter
Other expense, net	`NonoperatingIncomeExpense`	$-1.60M	USD	1 Quarter
Other expense, net	`NonoperatingIncomeExpense`	$-3.15M	USD	1 Quarter
Income (loss) from continuing operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-4.30M	USD	1 Quarter
Income (loss) from continuing operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$18.17M	USD	1 Quarter
Income tax (expense) benefit from continuing operations	`IncomeTaxExpenseBenefit`	$-500.00K	USD	1 Quarter
Income tax (expense) benefit from continuing operations	`IncomeTaxExpenseBenefit`	$7.05M	USD	1 Quarter
Income (loss) from continuing operations	`IncomeLossFromContinuingOperations`	$11.12M	USD	1 Quarter
Income (loss) from continuing operations	`IncomeLossFromContinuingOperations`	$-3.80M	USD	1 Quarter
Income from discontinued operations, net	`IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity`	$1.00K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$11.12M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-3.80M	USD	1 Quarter
Income (loss) from continuing operations	`IncomeLossFromContinuingOperationsPerBasicShare`	$-0.10	USD	1 Quarter
Income (loss) from continuing operations	`IncomeLossFromContinuingOperationsPerBasicShare`	$0.29	USD	1 Quarter
Net income (loss)	`EarningsPerShareBasic`	$-0.10	USD	1 Quarter
Net income (loss)	`EarningsPerShareBasic`	$0.29	USD	1 Quarter
Income (loss) from continuing operations	`IncomeLossFromContinuingOperationsPerDilutedShare`	$-0.10	USD	1 Quarter
Income (loss) from continuing operations	`IncomeLossFromContinuingOperationsPerDilutedShare`	$0.29	USD	1 Quarter
Net income (loss)	`EarningsPerShareDiluted`	$0.29	USD	1 Quarter
Net income (loss)	`EarningsPerShareDiluted`	$-0.10	USD	1 Quarter

Cash Flow Statement 54 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$11.12M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-3.80M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$3.05M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$2.90M	USD	1 Quarter
Share-based compensation	`ShareBasedCompensation`	$1.60M	USD	1 Quarter
Share-based compensation	`ShareBasedCompensation`	$808.00K	USD	1 Quarter
Loss on sale of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-950.00K	USD	1 Quarter
Loss on sale of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-97.00K	USD	1 Quarter
Provision for bad debt expense	`ProvisionForDoubtfulAccounts`	$944.00K	USD	1 Quarter
Provision for bad debt expense	`ProvisionForDoubtfulAccounts`	$1.05M	USD	1 Quarter
Loss from inventory obsolescence	`InventoryWriteDown`	$335.00K	USD	1 Quarter
Loss from inventory obsolescence	`InventoryWriteDown`	$358.00K	USD	1 Quarter
Deferred income taxes, net	`IncreaseDecreaseInDeferredIncomeTaxes`	$3.00K	USD	1 Quarter
Deferred income taxes, net	`IncreaseDecreaseInDeferredIncomeTaxes`	$500.00K	USD	1 Quarter
Receivables, net	`IncreaseDecreaseInAccountsReceivable`	$-2.05M	USD	1 Quarter
Receivables, net	`IncreaseDecreaseInAccountsReceivable`	$8.51M	USD	1 Quarter
Inventories, net	`IncreaseDecreaseInInventories`	$-2.22M	USD	1 Quarter
Inventories, net	`IncreaseDecreaseInInventories`	$-10.35M	USD	1 Quarter
Prepaids and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-7.17M	USD	1 Quarter
Prepaids and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-450.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-31.27M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-29.85M	USD	1 Quarter
Long-term portion of insurance reserves	`IncreaseDecreaseInInsuranceLiabilities`	$-1.01M	USD	1 Quarter
Long-term portion of insurance reserves	`IncreaseDecreaseInInsuranceLiabilities`	$1.71M	USD	1 Quarter
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-5.23M	USD	1 Quarter
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-7.16M	USD	1 Quarter
Other, net	`OtherOperatingActivitiesCashFlowStatement`	$96.00K	USD	1 Quarter
Net cash from (for) operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$3.35M	USD	1 Quarter
Net cash from (for) operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-18.64M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$2.30M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$2.90M	USD	1 Quarter
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$369.00K	USD	1 Quarter
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$76.00K	USD	1 Quarter
Other, net	`PaymentsForProceedsFromOtherInvestingActivities`	$-140.00K	USD	1 Quarter
Other, net	`PaymentsForProceedsFromOtherInvestingActivities`	$-68.00K	USD	1 Quarter
Net cash for investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-1.79M	USD	1 Quarter
Net cash for investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-2.76M	USD	1 Quarter
Net transfer from Former Parent	`NetTransferFromToFormerParentCompany`	$21.06M	USD	1 Quarter
Repayment of long-term debt	`RepaymentsOfLongTermDebt`	$2.50M	USD	1 Quarter
Taxes withheld and paid on employees' equity awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$1.26M	USD	1 Quarter
Repurchase of shares of common stock	`PaymentsForRepurchaseOfCommonStock`	$1.54M	USD	1 Quarter
Net cash (for) from financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-5.29M	USD	1 Quarter
Net cash (for) from financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$21.06M	USD	1 Quarter
(Decrease) increase for the year	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-4.70M	USD	1 Quarter
(Decrease) increase for the year	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$634.00K	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$108.15M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$112.85M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$3.60M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$2.96M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$108.15M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$112.85M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$3.60M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$2.96M	USD	Point-in-time
Accruals for property and equipment	`CapitalExpendituresIncurredButNotYetPaid`	$426.00K	USD	1 Quarter

Stockholders Equity 16 line items

Line Item	Tag	Value	Unit	Period
Repurchase of shares of common stock pursuant to Share Repurchase Program (in shares)	`TreasuryStockSharesAcquired`	53,408.00	shares	1 Quarter
Numberof shares of common stock withheld to satisfy statutory withholding requirements (in shares)	`SharesPaidForTaxWithholdingForShareBasedCompensation`	50,728.00	shares	1 Quarter
Balance	`StockholdersEquity`	$952.29M	USD	Point-in-time
Balance	`StockholdersEquity`	$925.65M	USD	Point-in-time
Balance	`StockholdersEquity`	$973.26M	USD	Point-in-time
Balance	`StockholdersEquity`	$915.73M	USD	Point-in-time
Net income (loss)	`NetIncomeLoss`	$11.12M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-3.80M	USD	1 Quarter
Net transfers from Former Parent	`NetTransfersFromParentCompany`	$24.77M	USD	1 Quarter
Share-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$1.60M	USD	1 Quarter
Repurchase of 53,408 shares of common stock pursuant to Share Repurchase Program	`TreasuryStockValueAcquiredCostMethod`	$1.54M	USD	1 Quarter
50,728 shares of common stock withheld to satisfy statutory withholding requirements	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$1.26M	USD	1 Quarter
Balance	`StockholdersEquity`	$952.29M	USD	Point-in-time
Balance	`StockholdersEquity`	$925.65M	USD	Point-in-time
Balance	`StockholdersEquity`	$973.26M	USD	Point-in-time
Balance	`StockholdersEquity`	$915.73M	USD	Point-in-time

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