Continental Cement Company, L.L.C.

CIK:0001571274|SEC Filings

Consolidated Statements of Operations (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 28, 2015	Mar. 29, 2014
Revenue from third parties:
Product	$ 8,439us-gaap_SalesRevenueGoodsNet	$ 5,555us-gaap_SalesRevenueGoodsNet
Service	3,975us-gaap_SalesRevenueServicesNet	2,921us-gaap_SalesRevenueServicesNet
Revenue from related parties:
Product	3,380us-gaap_RevenueFromRelatedParties	2,152us-gaap_RevenueFromRelatedParties
Total revenue	15,794us-gaap_SalesRevenueNet	10,628us-gaap_SalesRevenueNet
Cost of revenue (excluding items shown separately below):
Product	14,847us-gaap_CostOfGoodsSold	8,402us-gaap_CostOfGoodsSold
Service	2,524us-gaap_CostOfServices	2,500us-gaap_CostOfServices
Total cost of revenue	17,371us-gaap_CostOfGoodsAndServicesSold	10,902us-gaap_CostOfGoodsAndServicesSold
General and administrative expenses	2,092us-gaap_GeneralAndAdministrativeExpense	1,816us-gaap_GeneralAndAdministrativeExpense
Depreciation, depletion, amortization and accretion	3,414	3,201
Operating loss	(7,083)us-gaap_OperatingIncomeLoss	(5,291)us-gaap_OperatingIncomeLoss
Other income, net		(5)us-gaap_OtherNonoperatingIncomeExpense
Interest expense	2,795us-gaap_InterestCostsIncurred	2,867us-gaap_InterestCostsIncurred
Net loss	$ (9,878)us-gaap_ProfitLoss	$ (8,153)us-gaap_ProfitLoss

Consolidated Statements of Cash Flows (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 28, 2015	Mar. 29, 2014
Cash flows from operating activities:
Net loss	$ (9,878)us-gaap_ProfitLoss	$ (8,153)us-gaap_ProfitLoss
Adjustments to reconcile net loss to net cash used for operating activities:
Depreciation, depletion, amortization and accretion	3,414	3,201
Other	387us-gaap_OtherNoncashIncomeExpense	50us-gaap_OtherNoncashIncomeExpense
Decrease (increase) in operating assets:
Accounts receivable, net	2,659	(766)
Inventories	(3,869)us-gaap_IncreaseDecreaseInInventories	(4,127)us-gaap_IncreaseDecreaseInInventories
Other current assets	31	80
Other assets	898	208
Increase (decrease) in operating liabilities:
Accounts payable	2,531	1,002
Accrued expenses	(1,679)	(3,565)
Other liabilities	(125)	(1,619)
Net cash used in operating activities	(5,631)	(13,689)
Cash flows from investing activities:
Purchase of property, plant and equipment	(4,013)	(6,492)
Other	(310)	48
Net cash used for investing activities	(4,323)	(6,444)
Cash flows from financing activities:
Principal payments on long-term debt	(306)	(255)
Book overdraft	(2,098)	(28)
Net borrowings from Summit Materials	12,358us-gaap_ProceedsFromRelatedPartyDebt	20,412us-gaap_ProceedsFromRelatedPartyDebt
Net cash provided by financing activities	9,954	20,129
Net decrease in cash		(4)
Cash - beginning of period	2us-gaap_Cash	9us-gaap_Cash
Cash - end of period	2us-gaap_Cash	5us-gaap_Cash
Supplemental disclosures of cash flow information
Cash interest paid during the period	4,430us-gaap_InterestPaidNet	4,520us-gaap_InterestPaidNet
Non-cash financing activities:
Contribution of members' interest	$ 64,102

Consolidated Balance Sheets (USD $) In Thousands, unless otherwise specified	Mar. 28, 2015	Dec. 27, 2014
Current assets:
Cash	$ 2us-gaap_Cash	$ 2us-gaap_Cash
Accounts receivable, net	6,546us-gaap_AccountsReceivableNetCurrent	9,469us-gaap_AccountsReceivableNetCurrent
Due from Summit Materials		4,095us-gaap_DueFromRelatedPartiesCurrent
Inventories	13,573us-gaap_InventoryNet	8,696us-gaap_InventoryNet
Other current assets	478us-gaap_OtherAssetsCurrent	509us-gaap_OtherAssetsCurrent
Total current assets	20,599us-gaap_AssetsCurrent	22,771us-gaap_AssetsCurrent
Property, plant and equipment, less accumulated depreciation and depletion (March 28, 2015 - $55,060 and December 27, 2014 - $50,782)	308,461us-gaap_PropertyPlantAndEquipmentNet	307,286us-gaap_PropertyPlantAndEquipmentNet
Goodwill	24,096us-gaap_Goodwill	24,096us-gaap_Goodwill
Other assets	13,812us-gaap_OtherAssetsNoncurrent	14,607us-gaap_OtherAssetsNoncurrent
Total assets	366,968us-gaap_Assets	368,760us-gaap_Assets
Current liabilities:
Current portion of long-term debt due to Summit Materials	1,273us-gaap_LongTermDebtCurrent	1,273us-gaap_LongTermDebtCurrent
Accounts payable	11,328us-gaap_AccountsPayableCurrent	7,599us-gaap_AccountsPayableCurrent
Accrued expenses	7,155us-gaap_AccruedLiabilitiesCurrent	10,926us-gaap_AccruedLiabilitiesCurrent
Due to Summit Materials	8,281us-gaap_DueToRelatedPartiesCurrent
Total current liabilities	28,037us-gaap_LiabilitiesCurrent	19,798us-gaap_LiabilitiesCurrent
Long-term debt due to Summit Materials	153,063us-gaap_LongTermDebtNoncurrent	153,318us-gaap_LongTermDebtNoncurrent
Pension and post-retirement benefit obligations	22,227	22,352
Other noncurrent liabilities	2,406us-gaap_OtherLiabilitiesNoncurrent	2,435us-gaap_OtherLiabilitiesNoncurrent
Total liabilities	205,733us-gaap_Liabilities	197,903us-gaap_Liabilities
Commitments and contingencies (see note 6)
Redeemable members' interest (100,000,000 Class B units issued and authorized as of December 27, 2014)		34,543
Member's interest:
Member's equity (100 Class A units issued and authorized as of March 28, 2015 and December 27, 2014 and 100,000,000 Class B units issued and outstanding as of March 28, 2015)	199,600us-gaap_MembersEquity	135,242us-gaap_MembersEquity
(Accumulated deficit) retained earnings	(25,476)	13,961
Accumulated other comprehensive loss	(12,889)	(12,889)
Total member's interest	161,235us-gaap_PartnersCapital	136,314us-gaap_PartnersCapital
Total liabilities, redeemable members' interest and member's interest	$ 366,968	$ 368,760