Builders FirstSource, Inc. Files 2023 Annual Report (10-K)

TL;DR

<b>Builders FirstSource, Inc. filed its 2023 10-K, detailing financial performance and strategic operations.</b>

AI Summary

Builders FirstSource, Inc. (BLDR) filed a Annual Report (10-K) with the SEC on February 22, 2024. Builders FirstSource, Inc. filed its 10-K report for the fiscal year ending December 31, 2023. The company is classified under SIC code 5211 (Lumber & Other Building Materials Dealers). Key financial instruments mentioned include Senior Unsecured Notes due 2032 and a Revolving Credit Facility. The filing references various asset categories including Property, Plant, and Equipment Net, and Leasehold Improvements. Specific debt instruments like Senior Secured Notes due 2027 and 2030 are noted.

Why It Matters

For investors and stakeholders tracking Builders FirstSource, Inc., this filing contains several important signals. This 10-K filing provides a comprehensive overview of Builders FirstSource's financial health, operational structure, and risk factors for the fiscal year 2023, crucial for investors assessing the company's stability and future prospects. The detailed breakdown of debt, credit facilities, and asset classifications offers insights into the company's capital structure and investment strategies, important for understanding its financial leverage and operational capacity.

Risk Assessment

Risk Level: medium — Builders FirstSource, Inc. shows moderate risk based on this filing. The filing is a standard 10-K, which is a comprehensive annual report. While it contains detailed financial information, it does not present immediate red flags or exceptionally high risks beyond those inherent in the building materials industry, which are typically disclosed in such filings.

Analyst Insight

Review the detailed financial statements and risk factors within the 10-K to understand Builders FirstSource's performance and potential challenges in the current economic climate.

Key Numbers

• 20231231 — Fiscal Year End (The end date of the reporting period)
• 5211 — SIC Code (Industry classification for Lumber & Other Building Materials Dealers)
• 001-40620 — SEC File Number (The SEC's file number for the company)
• 24663639 — Film Number (The SEC's film number for the filing)

Key Players & Entities

• Builders FirstSource, Inc. (company) — Filer of the 10-K report
• 0000950170-24-018584 (other) — Accession number for the filing
• 20231231 (date) — Conformed period of report
• 20240222 (date) — Filed as of date
• 5211 (other) — Standard Industrial Classification code
• DE (other) — State of incorporation
• 6031 CONNECTION DR., STE. 400 (other) — Business address street
• IRVING (other) — Business address city

FAQ

Key Dates

• 2023-12-31: Fiscal Year End — End of the reporting period for the 10-K
• 2024-02-22: Filing Date — Date the 10-K was officially filed with the SEC

Glossary

10-K

An annual report required by the U.S. Securities and Exchange Commission (SEC), which gives a comprehensive summary of a company's financial performance. (This is the primary document type filed, containing detailed financial and operational information.)

SIC Code

Standard Industrial Classification code, a four-digit code used to classify businesses by industry. (Helps categorize Builders FirstSource within the building materials sector.)

Senior Unsecured Notes

Debt securities that are not backed by collateral. (Indicates a form of long-term debt financing for the company.)

Key Financial Figures

• $0.01 — ch Registered Common stock, par value $0.01 per share BLDR New York Stock Excha
• $136.00 — closing price per share on that date of $136.00 as reported on the New York Stock Excha
• $0 — he registrant's common stock, par value $0.01, outstanding as of February 15, 2024
• $392.1 billion — al construction market was an estimated $392.1 billion in 2023, which was 13.5% lower than 202
• $167.8 billion — and remodel end market was an estimated $167.8 billion in 2023, which was 5.0% lower than 2022

Filing Documents

• bldr-20231231.htm (10-K) — 2463KB
• bldr-ex4_5.htm (EX-4.5) — 29KB
• bldr-ex10_19.htm (EX-10.19) — 23KB
• bldr-ex21_1.htm (EX-21.1) — 8KB
• bldr-ex23_1.htm (EX-23.1) — 3KB
• bldr-ex31_1.htm (EX-31.1) — 12KB
• bldr-ex31_2.htm (EX-31.2) — 12KB
• bldr-ex32_1.htm (EX-32.1) — 7KB
• bldr-ex97_1.htm (EX-97.1) — 54KB
• img210361747_0.jpg (GRAPHIC) — 244KB
• 0000950170-24-018584.txt (&nbsp;) — 13188KB
• bldr-20231231.xsd (EX-101.SCH) — 1931KB
• bldr-20231231_htm.xml (XML) — 2425KB

Business

Business 3 Item 1A.

Risk Factors

Risk Factors 10 Item 1B. Unresolved Staff Comments 22 Item 1C. Cybersecurity 22 Item 2.

Properties

Properties 23 Item 3.

Legal Proceedings

Legal Proceedings 23 Item 4. Mine Safety Disclosures 24 PART II Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities 25 Item 6. Reserved 26 Item 7.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 27 Item 7A.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 34 Item 8.

Financial Statements and Supplementary Data

Financial Statements and Supplementary Data 35 Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure 65 Item 9A.

Controls and Procedures

Controls and Procedures 65 Item 9B. Other Information 66 Item 9C. Disclosure Regarding Foreign Jurisdictions That Prevent Inspections 66 PART III Item 10. Directors, Executive Officers and Corporate Governance 67 Item 11.

Executive Compensation

Executive Compensation 67 Item 12.

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 67 Item 13. Certain Relationships and Related Transactions, and Director Independence 68 Item 14. Principal Accountant Fees and Services 68 PART IV Item 15. Exhibits and Financial Statement Schedules 69 Item 16 Form 10-K Summary 71 2 PART I I tem 1. Business CAUTIONARY STATEMENT

View Full Filing

View this 10-K filing on SEC EDGAR