10-Q Filing

SITEONE LANDSCAPE SUPPLY, INC. CIK: 1650729 Q1 2016

Filing Information

Form Type	10-Q
Accession Number	`0001650729-16-000005`
Period End Date	20160331
Filing Date	20160622
Fiscal Year	2016
Fiscal Period	Q1
XBRL Instance	site-20160403.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 73 Income Statement 34 Cash Flow Statement 70 Comprehensive Income 6

Balance Sheet 73 line items

Line Item	Tag	Value	Unit	Period
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$4.20M	USD	Point-in-time
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$3.60M	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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$20.10M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	1.00B	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$10.60M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	1.00B	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$13.50M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$20.50M	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $4.2 and $3.6, respectively	`AccountsReceivableNetCurrent`	$188.10M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	14.26M	shares	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $4.2 and $3.6, respectively	`AccountsReceivableNetCurrent`	$136.80M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	14.26M	shares	Point-in-time
Inventory, net	`InventoryNet`	$265.90M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	14.24M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	14.25M	shares	Point-in-time
Inventory, net	`InventoryNet`	$324.10M	USD	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$7.30M	USD	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$10.90M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$14.70M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$12.10M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$442.20M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$558.30M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$66.20M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$64.90M	USD	Point-in-time
Goodwill	`Goodwill`	$11.40M	USD	Point-in-time
Goodwill	`Goodwill`	$48.00M	USD	Point-in-time
Goodwill	`Goodwill`	$58.30M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$104.30M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$104.70M	USD	Point-in-time
Other Assets	`OtherAssetsNoncurrent`	$8.00M	USD	Point-in-time
Other Assets	`OtherAssetsNoncurrent`	$8.60M	USD	Point-in-time
Total assets	`Assets`	$668.70M	USD	Point-in-time
Total assets	`Assets`	$794.80M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$195.00M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$86.40M	USD	Point-in-time
Current portion of capital leases	`CapitalLeaseObligationsCurrent`	$3.90M	USD	Point-in-time
Current portion of capital leases	`CapitalLeaseObligationsCurrent`	$4.00M	USD	Point-in-time
Accrued compensation	`EmployeeRelatedLiabilitiesCurrent`	$30.00M	USD	Point-in-time
Accrued compensation	`EmployeeRelatedLiabilitiesCurrent`	$21.60M	USD	Point-in-time
Long term debt, current portion	`LongTermDebtCurrent`	$600.00K	USD	Point-in-time
Long term debt, current portion	`LongTermDebtCurrent`	$600.00K	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$27.70M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$23.80M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$144.80M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$248.80M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$9.70M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$8.90M	USD	Point-in-time
Capital leases, less current portion	`CapitalLeaseObligationsNoncurrent`	$7.10M	USD	Point-in-time
Capital leases, less current portion	`CapitalLeaseObligationsNoncurrent`	$6.20M	USD	Point-in-time
Deferred tax liabilities	`DeferredIncomeTaxLiabilitiesNet`	$27.70M	USD	Point-in-time
Deferred tax liabilities	`DeferredIncomeTaxLiabilitiesNet`	$26.20M	USD	Point-in-time
Long term debt, less current portion	`LongTermDebtNoncurrent`	$177.10M	USD	Point-in-time
Long term debt, less current portion	`LongTermDebtNoncurrent`	$208.90M	USD	Point-in-time
Total liabilities	`Liabilities`	$501.30M	USD	Point-in-time
Total liabilities	`Liabilities`	$364.10M	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Redeemable convertible preferred stock	`TemporaryEquityCarryingAmountAttributableToParent`	$216.80M	USD	Point-in-time
Redeemable convertible preferred stock	`TemporaryEquityCarryingAmountAttributableToParent`	$216.80M	USD	Point-in-time
Common stock, par value $0.01; 1,000,000,000 shares authorized; 14,259,998 and 14,259,998 shares issued, and 14,241,987 and 14,250,111 shares outstanding at April 3, 2016 and January 3, 2016 , respectively	`CommonStockValue`	$100.00K	USD	Point-in-time
Common stock, par value $0.01; 1,000,000,000 shares authorized; 14,259,998 and 14,259,998 shares issued, and 14,241,987 and 14,250,111 shares outstanding at April 3, 2016 and January 3, 2016 , respectively	`CommonStockValue`	$100.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$113.70M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$113.10M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-36.20M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-24.20M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-900.00K	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-1.20M	USD	Point-in-time
Total equity	`StockholdersEquity`	$76.70M	USD	Point-in-time
Total equity	`StockholdersEquity`	$87.80M	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$794.80M	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$668.70M	USD	Point-in-time

Income Statement 34 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueNet`	$225.80M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$328.50M	USD	1 Quarter
Cost of goods sold (exclusive of depreciation)	`CostOfGoodsSoldExcludingDepreciationDepletionAndAmortization`	$167.20M	USD	1 Quarter
Cost of goods sold (exclusive of depreciation)	`CostOfGoodsSoldExcludingDepreciationDepletionAndAmortization`	$231.50M	USD	1 Quarter
Gross profit	`GrossProfit`	$58.60M	USD	1 Quarter
Gross profit	`GrossProfit`	$97.00M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$73.10M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$104.60M	USD	1 Quarter
Other income	`OtherOperatingIncome`	$1.20M	USD	1 Quarter
Other income	`OtherOperatingIncome`	$800.00K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-13.70M	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-6.40M	USD	1 Quarter
Interest and other non-operating (income) expenses, net	`InterestExpense`	$2.60M	USD	1 Quarter
Interest and other non-operating (income) expenses, net	`InterestExpense`	$2.40M	USD	1 Quarter
Net loss before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-16.10M	USD	1 Quarter
Net loss before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-9.00M	USD	1 Quarter
Income tax benefit	`IncomeTaxExpenseBenefit`	$-6.30M	USD	1 Quarter
Income tax benefit	`IncomeTaxExpenseBenefit`	$-3.40M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-9.80M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-5.60M	USD	1 Quarter
Redeemable convertible preferred stock dividends	`RedeemablePreferredStockDividends`	$6.50M	USD	1 Quarter
Redeemable convertible preferred stock dividends	`RedeemablePreferredStockDividends`	$5.90M	USD	1 Quarter
Redeemable convertible preferred stock beneficial conversion feature	`TemporaryEquityDividendsAdjustment`	-	USD	1 Quarter
Redeemable convertible preferred stock beneficial conversion feature	`TemporaryEquityDividendsAdjustment`	$1.80M	USD	1 Quarter
Net loss attributable to common shares	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-12.10M	USD	1 Quarter
Net loss attributable to common shares	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-17.50M	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$-1.23	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$-0.85	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$-0.85	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$-1.23	USD	1 Quarter
Basic (shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	14.17M	shares	1 Quarter
Basic (shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	14.25M	shares	1 Quarter
Diluted (shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	14.25M	shares	1 Quarter
Diluted (shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	14.17M	shares	1 Quarter

Cash Flow Statement 70 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-9.80M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-5.60M	USD	1 Quarter
Depreciation	`Depreciation`	$2.60M	USD	1 Quarter
Depreciation	`Depreciation`	$3.40M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$700.00K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$700.00K	USD	1 Quarter
Amortization of software and intangible assets	`AmortizationofSoftwareandIntangibleAssets`	$3.80M	USD	1 Quarter
Amortization of software and intangible assets	`AmortizationofSoftwareandIntangibleAssets`	$5.20M	USD	1 Quarter
Amortization of debt related costs	`AmortizationOfFinancingCostsAndDiscounts`	$600.00K	USD	1 Quarter
Amortization of debt related costs	`AmortizationOfFinancingCostsAndDiscounts`	$800.00K	USD	1 Quarter
(Gain) loss on sale of equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-200.00K	USD	1 Quarter
(Gain) loss on sale of equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$100.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-1.60M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	-	USD	1 Quarter
Other	`OtherOperatingActivitiesCashFlowStatement`	$200.00K	USD	1 Quarter
Other	`OtherOperatingActivitiesCashFlowStatement`	$-200.00K	USD	1 Quarter
Receivables	`IncreaseDecreaseInReceivables`	$44.20M	USD	1 Quarter
Receivables	`IncreaseDecreaseInReceivables`	$10.90M	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$50.30M	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$43.80M	USD	1 Quarter
Income tax receivable	`IncreaseDecreaseInIncomeTaxesReceivable`	$4.70M	USD	1 Quarter
Income tax receivable	`IncreaseDecreaseInIncomeTaxesReceivable`	$3.30M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-2.60M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$1.00M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$103.50M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$57.30M	USD	1 Quarter
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-6.10M	USD	1 Quarter
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-5.20M	USD	1 Quarter
Net Cash Provided By (Used In) Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-15.20M	USD	1 Quarter
Net Cash Provided By (Used In) Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$10.00M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.90M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.30M	USD	1 Quarter
Acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$31.20M	USD	1 Quarter
Acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$55.40M	USD	1 Quarter
Proceeds from the sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$100.00K	USD	1 Quarter
Proceeds from the sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	-	USD	1 Quarter
Net Cash Used In Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-33.00M	USD	1 Quarter
Net Cash Used In Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-56.70M	USD	1 Quarter
Equity proceeds from common stock	`ProceedsFromIssuanceOfCommonStock`	$1.20M	USD	1 Quarter
Equity proceeds from common stock	`ProceedsFromIssuanceOfCommonStock`	-	USD	1 Quarter
Purchase of treasury stock	`PaymentsForRepurchaseOfCommonStock`	$100.00K	USD	1 Quarter
Purchase of treasury stock	`PaymentsForRepurchaseOfCommonStock`	$100.00K	USD	1 Quarter
Payments on capital lease obligations	`RepaymentsOfLongTermCapitalLeaseObligations`	$1.10M	USD	1 Quarter
Payments on capital lease obligations	`RepaymentsOfLongTermCapitalLeaseObligations`	$1.00M	USD	1 Quarter
Dividends paid	`PaymentsOfDividends`	-	USD	1 Quarter
Dividends paid	`PaymentsOfDividends`	$6.50M	USD	1 Quarter
Payments on Term Loan	`RepaymentsOfSeniorDebt`	$200.00K	USD	1 Quarter
Payments on Term Loan	`RepaymentsOfSeniorDebt`	$400.00K	USD	1 Quarter
Net change in credit facility borrowing	`ProceedsFromRepaymentsOfLinesOfCredit`	$31.40M	USD	1 Quarter
Net change in credit facility borrowing	`ProceedsFromRepaymentsOfLinesOfCredit`	$75.00M	USD	1 Quarter
Net Cash Provided By Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$74.90M	USD	1 Quarter
Net Cash Provided By Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$23.30M	USD	1 Quarter
Effect of exchange rate on cash	`EffectOfExchangeRateOnCash`	$100.00K	USD	1 Quarter
Effect of exchange rate on cash	`EffectOfExchangeRateOnCash`	$-100.00K	USD	1 Quarter
Net Change In Cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$2.90M	USD	1 Quarter
Net Change In Cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$400.00K	USD	1 Quarter
Beginning	`CashAndCashEquivalentsAtCarryingValue`	$20.10M	USD	Point-in-time
Beginning	`CashAndCashEquivalentsAtCarryingValue`	$10.60M	USD	Point-in-time
Beginning	`CashAndCashEquivalentsAtCarryingValue`	$13.50M	USD	Point-in-time
Beginning	`CashAndCashEquivalentsAtCarryingValue`	$20.50M	USD	Point-in-time
Ending	`CashAndCashEquivalentsAtCarryingValue`	$20.10M	USD	Point-in-time
Ending	`CashAndCashEquivalentsAtCarryingValue`	$10.60M	USD	Point-in-time
Ending	`CashAndCashEquivalentsAtCarryingValue`	$13.50M	USD	Point-in-time
Ending	`CashAndCashEquivalentsAtCarryingValue`	$20.50M	USD	Point-in-time
Cash paid during the year for interest	`InterestPaid`	$1.50M	USD	1 Quarter
Cash paid during the year for interest	`InterestPaid`	$2.00M	USD	1 Quarter
Cash paid during the year for income taxes	`IncomeTaxesPaid`	$300.00K	USD	1 Quarter
Cash paid during the year for income taxes	`IncomeTaxesPaid`	$400.00K	USD	1 Quarter
Acquisition of property and equipment through capital leases	`AcquisitionofPropertyandEquipmentThroughCapitalLeases`	$100.00K	USD	1 Quarter
Acquisition of property and equipment through capital leases	`AcquisitionofPropertyandEquipmentThroughCapitalLeases`	$1.10M	USD	1 Quarter

Comprehensive Income 6 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-9.80M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-5.60M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-100.00K	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$300.00K	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-9.90M	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-5.30M	USD	1 Quarter

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