$BLDR

Builders FirstSource, Inc.

CIK:0001316835|SEC Filings

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Income Statement [Abstract]
Net sales	$ 3,862,548	$ 4,234,064	$ 7,149,625	$ 7,891,560
Cost of sales	2,775,761	2,935,023	5,133,872	5,477,278
Gross margin	1,086,787	1,299,041	2,015,753	2,414,282
Selling, general and administrative expenses	958,280	987,754	1,870,730	1,918,554
Income from operations	128,507	311,287	145,023	495,728
Interest expense, net	76,104	71,988	150,496	136,880
Income (loss) before income taxes	52,403	239,299	(5,473)	358,848
Income tax expense	56,303	54,268	45,841	77,513
Net income (loss)	$ (3,900)	$ 185,031	$ (51,314)	$ 281,335
Net income (loss) per share:
Basic	$ (0.04)	$ 1.67	$ (0.47)	$ 2.51
Diluted	$ (0.04)	$ 1.66	$ (0.47)	$ 2.50
Weighted average common shares:
Basic	107,564	110,922	108,710	112,291
Diluted	107,564	111,196	108,710	112,759

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
Cash flows from operating activities:
Net Income (Loss)	$ (51,314)	$ 281,335
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation and amortization	298,364	292,555
Deferred income taxes	59,721	(32,367)
Stock-based compensation expense	20,838	30,398
Other non-cash adjustments	3,908	(5,711)
Changes in assets and liabilities, net of assets acquired and liabilities assumed:
Receivables	(236,140)	(33,938)
Inventories, net	(170,793)	(30,469)
Contract assets	(13,993)	(12,908)
Other current assets	(5,470)	(13,437)
Other assets and liabilities	8,214	(21,195)
Accounts payable	318,199	126,620
Accrued liabilities	(82,748)	(115,532)
Contract liabilities	6,694	8,017
Net cash provided by operating activities	155,480	473,368
Cash flows from investing activities:
Cash used for acquisitions	(25,907)	(885,526)
Purchases of property, plant and equipment	(84,792)	(188,713)
Proceeds from sale of property, plant and equipment	4,260	15,432
Cash used for equity investments	(664)	(666)
Net cash used in investing activities	(107,103)	(1,059,473)
Cash flows from financing activities:
Borrowings under revolving credit facility	599,000	3,823,000
Repayments under revolving credit facility	(434,000)	(3,590,000)
Proceeds from long-term debt and other loans		750,000
Repayments of long-term debt and other loans	(8,186)	(1,450)
Payments of loan costs		(19,465)
Payment of acquisition-related deferred and contingent consideration	(4,047)	(2,122)
Tax withholdings on and exercises of equity awards	(13,727)	(26,505)
Repurchase of common stock	(303,519)	(413,957)
Net cash (used in) provided by financing activities	(164,479)	519,501
Net change in cash and cash equivalents	(116,102)	(66,604)
Cash and cash equivalents at beginning of period	181,753	153,624
Cash and cash equivalents at end of period	65,651	87,020
Supplemental disclosures of cash flow information:
Cash paid for interest	146,805	125,333
Cash paid for income taxes	5,924	62,045
Supplemental disclosures of non-cash activities:
Right-of-use assets obtained in exchange for operating lease obligations	41,652	50,436
Accrued consideration for acquisitions	5,104	6,344
Accrued purchases of property, plant and equipment	3,927	7,378
Accrued excise tax on repurchases of common stock	$ 2,806	$ 3,538

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2026	Dec. 31, 2025
Current assets:
Cash and cash equivalents	$ 65,651	$ 181,753
Accounts receivable, less allowances of $40,910 and $42,511, respectively	1,296,685	1,061,011
Other receivables	330,256	330,013
Inventories, net	1,271,813	1,094,684
Contract assets	147,004	133,011
Other current assets	132,509	126,811
Total current assets	3,243,918	2,927,283
Property, plant and equipment, net	2,113,241	2,204,184
Operating lease right-of-use assets, net	607,235	622,188
Goodwill	4,149,994	4,137,377
Intangible assets, net	1,048,495	1,183,793
Deferred income taxes	23,546	23,000
Other assets, net	137,380	139,705
Total assets	11,323,809	11,237,530
Current liabilities:
Accounts payable	1,032,213	714,710
Accrued liabilities	480,863	566,325
Contract liabilities	175,514	168,440
Current portion of operating lease liabilities	112,892	111,132
Current maturities of long-term debt	11,923	14,334
Total current liabilities	1,813,405	1,574,941
Noncurrent portion of operating lease liabilities	534,008	547,772
Long-term debt, net of current maturities, discounts and issuance costs	4,579,391	4,427,033
Deferred income taxes	238,241	177,975
Other long-term liabilities	153,589	157,558
Total liabilities	7,318,634	6,885,279
Commitments and contingencies (Note 11)
Stockholders equity:
Preferred stock, $0.01 par value, 10,000 shares authorized; zero shares issued and outstanding
Common stock, $0.01 par value, 300,000 shares authorized; 107,594 and 110,585 shares issued and outstanding, respectively	1,076	1,106
Additional paid-in capital	4,007,999	4,197,279
Retained earnings (accumulated deficit)	(3,900)	153,866
Total stockholders equity	4,005,175	4,352,251
Total liabilities and stockholders equity	$ 11,323,809	$ 11,237,530