Stock Analysis on Net
Stock Analysis on Net

Builders FirstSource Inc. (NYSE:BLDR)

$22.49

This company has been moved to the archive! The financial data has not been updated since November 1, 2023.

Common-Size Balance Sheet: Liabilities and Stockholders’ Equity

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Builders FirstSource Inc., common-size consolidated balance sheet: liabilities and stockholders’ equity

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Accounts payable
Accrued payroll and other employee related expenses
Self-insurance reserves
Accrued business taxes
Accrued rebates payable
Amounts accrued for repurchases of common stock
Accrued interest
Other
Accrued liabilities
Contract liabilities
Current portion of operating lease liabilities
Current maturities of long-term debt
Current liabilities
Noncurrent portion of operating lease liabilities
Long-term debt, net of current maturities, discounts and issuance costs
Deferred income taxes
Other long-term liabilities
Long-term liabilities
Total liabilities
Preferred stock, $0.01 par value; zero shares issued and outstanding
Common stock, $0.01 par value
Additional paid-in capital
Accumulated other comprehensive income
Retained earnings
Stockholders’ equity
Total liabilities and stockholders’ equity

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).

Liabilities Trends
The proportion of total liabilities relative to total liabilities and stockholders’ equity has exhibited a consistent decline over the five-year period, decreasing from 79.66% in 2018 to 53.16% in 2022. This reduction indicates a shift towards a lower reliance on liabilities in the capital structure.
Current Liabilities
Current liabilities as a percentage of total liabilities and stockholders’ equity decreased steadily from 24.94% in 2018 to 17.39% in 2022, suggesting a reduction in short-term obligations. Accounts payable showed a notable downward trend from 14.43% in 2018 to 7.58% in 2022, reinforcing the trend of diminishing short-term debt levels. Accrued payroll and employee-related expenses also declined slightly, reaching 3.78% in 2022 from 4.96% in 2018.
Non-Current Liabilities
Long-term liabilities declined significantly from 54.73% in 2018 to 35.77% in 2022, reflecting deleveraging efforts or repayment of long-term debts. Specifically, long-term debt net of current maturities dropped from 52.71% in 2018 to around 28.11% in 2022. The current and noncurrent portions of operating lease liabilities appeared starting 2019, with both components decreasing notably by 2022.
Accrued and Other Liabilities
Accrued liabilities fell from 8.54% in 2018 to approximately 6.97% in 2022, showing moderate improvement in accrued obligations management. Other accrued items such as accrued business taxes and self-insurance reserves remained relatively stable or declined marginally in their shares of total liabilities plus equity. Contract liabilities fluctuated, peaking at 2.02% in 2021 before slightly decreasing to 1.82% in 2022.
Stockholders’ Equity
Stockholders’ equity displayed a strong upward trajectory, increasing from 20.34% in 2018 to 46.84% in 2022, indicating a strengthening equity base. Contributing factors include a sharp rise in additional paid-in capital, which rose significantly in 2021 to nearly 40% and maintained a similar level in 2022. Retained earnings showed a fluctuating but overall increasing trend, peaking in 2020 at 13.47%, then declining in 2021 and rising again in 2022.
Capital Structure Insights
The data collectively reveal a deliberate move towards deleveraging, with both current and long-term liabilities decreasing as a proportion of the capital base, accompanied by substantial growth in equity components. This shift enhances the company’s financial stability and may improve its credit profile. The increase in equity predominantly stems from fresh capital injections (reflected in additional paid-in capital) rather than retained earnings alone.