Balance Sheet: Assets
Quarterly Data

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.

Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.

Builders FirstSource Inc., consolidated balance sheet: assets (quarterly data)

US$ in thousands

	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019	Dec 31, 2018	Sep 30, 2018	Jun 30, 2018	Mar 31, 2018
Cash and cash equivalents	88,096)	89,316)	144,407)	80,445)	84,982)	166,185)	281,802)	42,603)	224,735)	90,266)	19,118)	423,806)	340,927)	385,461)	163,872)	14,096)	43,271)	10,552)	11,724)	10,127)	34,446)	13,196)	10,069)
Accounts receivable, less allowances	1,618,107)	1,618,666)	1,429,939)	1,448,139)	1,924,912)	2,407,841)	2,290,513)	1,708,796)	2,134,269)	2,174,674)	1,749,650)	880,018)	860,842)	719,684)	702,192)	614,946)	721,134)	715,405)	648,942)	654,170)	805,317)	820,396)	710,448)
Other receivables	247,431)	245,893)	144,605)	234,966)	268,694)	228,191)	223,070)	255,075)	167,309)	137,304)	96,835)	76,436)	64,626)	45,164)	54,647)	77,447)	49,526)	54,257)	50,833)	68,637)	59,389)	71,345)	60,762)
Inventories, net	1,331,512)	1,362,250)	1,336,163)	1,426,196)	1,758,881)	2,065,349)	2,188,056)	1,626,244)	1,616,553)	2,074,448)	1,585,612)	784,527)	751,149)	615,142)	640,048)	561,255)	581,543)	617,527)	635,499)	596,896)	679,471)	782,757)	678,790)
Contract assets	187,987)	190,514)	176,116)	183,700)	240,346)	270,714)	240,668)	207,587)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)
Other current assets	100,974)	98,578)	116,059)	124,201)	142,316)	139,036)	155,824)	127,964)	88,368)	438,383)	119,453)	58,895)	44,198)	36,136)	44,122)	39,123)	34,603)	36,217)	38,756)	43,921)	35,351)	39,258)	43,046)
Current assets	3,574,107)	3,605,217)	3,347,289)	3,497,647)	4,420,131)	5,277,316)	5,379,933)	3,968,269)	4,231,234)	4,915,075)	3,570,668)	2,223,682)	2,061,742)	1,801,587)	1,604,881)	1,306,867)	1,430,077)	1,433,958)	1,385,754)	1,373,751)	1,613,974)	1,726,952)	1,503,115)
Property, plant and equipment, net	1,763,153)	1,676,244)	1,605,575)	1,567,631)	1,491,622)	1,420,722)	1,385,998)	1,385,441)	1,336,890)	1,300,680)	1,297,756)	749,130)	750,841)	743,542)	730,738)	721,887)	696,154)	675,310)	669,055)	670,075)	665,732)	655,572)	643,721)
Operating lease right-of-use assets, net	489,462)	483,991)	484,710)	485,704)	500,031)	483,545)	446,876)	457,833)	444,073)	429,940)	442,440)	274,562)	278,075)	286,354)	285,964)	292,684)	286,971)	273,971)	269,640)	—)	—)	—)	—)
Goodwill	3,521,134)	3,499,819)	3,495,355)	3,456,854)	3,453,340)	3,336,291)	3,270,192)	3,270,192)	3,141,594)	2,535,360)	2,536,909)	785,305)	777,283)	777,283)	777,283)	769,022)	754,765)	740,411)	740,411)	740,411)	740,411)	740,411)	740,411)
Intangible assets, net	1,348,779)	1,412,377)	1,493,049)	1,550,944)	1,637,358)	1,534,242)	1,537,695)	1,603,409)	1,629,363)	1,422,649)	1,501,250)	119,882)	121,145)	126,519)	132,165)	128,388)	101,303)	95,417)	99,286)	103,154)	111,266)	119,424)	126,360)
Deferred income taxes	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	4,653)	5,977)	7,693)	8,393)	8,417)	5,055)	7,343)	13,128)	22,766)	38,760)	55,726)	73,092)
Other assets, net	40,122)	55,464)	50,938)	36,380)	35,216)	33,786)	30,491)	29,199)	25,994)	22,390)	30,483)	16,457)	19,871)	21,700)	21,934)	22,225)	23,434)	23,561)	22,191)	22,152)	23,442)	24,767)	22,990)
Noncurrent assets	7,162,650)	7,127,895)	7,129,627)	7,097,513)	7,117,567)	6,808,586)	6,671,252)	6,746,074)	6,577,914)	5,711,019)	5,808,838)	1,949,989)	1,953,192)	1,963,091)	1,956,477)	1,942,623)	1,867,682)	1,816,013)	1,813,711)	1,558,558)	1,579,611)	1,595,900)	1,606,574)
Total assets	10,736,757)	10,733,112)	10,476,916)	10,595,160)	11,537,698)	12,085,902)	12,051,185)	10,714,343)	10,809,148)	10,626,094)	9,379,506)	4,173,671)	4,014,934)	3,764,678)	3,561,358)	3,249,490)	3,297,759)	3,249,971)	3,199,465)	2,932,309)	3,193,585)	3,322,852)	3,109,689)

The financial data reflects notable fluctuations and trends across several key balance sheet items over the analyzed quarters. The analysis focuses on liquidity, receivables, inventory, asset composition, and overall asset growth patterns.

Cash and Cash Equivalents: Cash balances experienced significant volatility. Initial moderate values surged dramatically starting in the first quarter of 2020, reaching a peak at the end of 2020 before dropping sharply in 2021. The last few quarters show relatively stable but much lower cash levels compared to the 2020 highs, indicating possible large cash usage or distribution following elevated cash accumulation.
Accounts Receivable, Net: Accounts receivable showed upward movement from 2018 through early 2021, peaking in the second quarter of 2021. This rise suggests increased sales on credit or extended collection periods. Post-peak, the receivable amounts declined noticeably but remained elevated above earlier pre-2019 levels, which could reflect tighter credit policies or improved collections.
Other Receivables: Other receivables followed a fluctuating yet generally increasing trend, particularly marked by a large increase in late 2021 and early 2022. This could relate to accrued revenues or other current asset components growing in the periods following 2020.
Inventories, Net: Inventory balances exhibited a cyclical pattern with growth between 2018 and mid-2021, with a pronounced spike during the first half of 2021. Subsequently, inventories declined sharply through 2022 and stabilized in 2023 but at levels still higher than pre-2020. This pattern suggests inventory build-up possibly linked to supply chain considerations followed by normalization.
Contract Assets: Data for contract assets began appearing from early 2022, showing moderate increases and decreases through 2023 quarters. This introduction points to recognition of revenue under contract accounting standards becoming material in recent periods.
Other Current Assets: Other current assets remained relatively steady from 2018 to 2020, with a notable spike in the first half of 2021, followed by declines and stabilization at lower levels. The transient peak could indicate temporary prepayments or short-term investments.
Current Assets: Current assets overall increased substantially from 2018 through early 2021, largely driven by rises in cash, receivables, and inventories. After peaking in mid-2021, total current assets decreased but maintained higher levels relative to earlier years, reflecting an overall increase in operating liquidity and working capital assets over the period.
Property, Plant and Equipment, Net: Fixed assets steadily increased throughout the entire period, reflecting ongoing capital investment or acquisition. The continuous growth, with no apparent contractions, indicates expansion or replacement of operating facilities and equipment.
Operating Lease Right-of-Use Assets, Net: These assets appeared starting in late 2018 with a moderate upward trend and then showed a substantial increase starting in early 2021. The growth suggests increasing adoption or expansion of operating leases recognized under relevant accounting standards.
Goodwill: Goodwill remained stable through 2019 but increased markedly from 2020 onwards, particularly in 2021. This sharp increase is consistent with sizable acquisitions or revaluation of intangible assets during this timeframe.
Intangible Assets, Net: Intangible assets followed a similar pattern to goodwill, with values declining gradually through 2019 but increasing sharply starting in 2020 and into 2021, before a slight decline thereafter. This trend further supports the occurrence of acquisitions or intangible asset revaluations in recent years.
Deferred Income Taxes: Deferred tax assets showed a consistent decline from 2018 into 2020, with no data available afterwards. The decrease might reflect utilization of tax assets or changes in tax positions.
Other Assets, Net: Other assets stayed relatively stable with a gradual increase, particularly after 2021, suggesting accumulation of miscellaneous long-term assets or adjustments in asset composition.
Noncurrent Assets: Noncurrent assets exhibited modest fluctuations but generally trended upward, more notably rising sharply in 2021 consistent with increased goodwill, intangible assets, and property additions. This growth highlights significant long-term investment activity.
Total Assets: Total assets generally increased from 2018 to early 2022, showing marked growth particularly during 2021, coinciding with peaks in current and noncurrent asset categories. Later periods show a slight decline but overall assets remain significantly elevated compared to 2018 levels. This overall growth demonstrates asset base expansion, influenced by acquisitions, capital investments, and working capital expansion.

In summary, the data depicts a company undergoing substantial growth and investment, marked by rising accounts receivable, inventory, and noncurrent assets including goodwill and intangible assets—indicative of acquisition activity. Cash levels show significant volatility, likely reflecting operational and investment cash flows. The introduction and growth of lease right-of-use assets support adoption of new lease accounting standards. Recent periods reveal a moderation or normalization in some working capital components following peaks in 2021, while the asset base remains considerably larger than at the beginning of the period.

Assets: Selected Items

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Current Assets: Selected Items

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Builders FirstSource Inc. (NYSE:BLDR)

Balance Sheet: Assets Quarterly Data

Assets: Selected Items

Current Assets: Selected Items

Balance Sheet: Assets
Quarterly Data