Builders FirstSource Files 2023 10-K, Details Debt & Credit
Ticker: BLDR · Form: 10-K · Filed: 2024-02-22T00:00:00.000Z
Sentiment: neutral
Topics: earnings, debt, credit-facility, building-materials
TL;DR
**BLDR's 2023 10-K is out, showing their debt structure and credit facility, key for understanding their financial leverage.**
AI Summary
Builders FirstSource, Inc. (BLDR) filed its 10-K for the fiscal year ended December 31, 2023, on February 22, 2024. The filing details their financial performance and operational structure, including their Senior Unsecured Notes due in 2032 and their Revolving Credit Facility tied to the SOFR rate. The company operates in the retail-lumber and other building materials dealers sector.
Why It Matters
This filing provides a comprehensive look into Builders FirstSource's financial health and strategic operations, crucial for investors to understand its market position and future prospects in the building materials industry.
Risk Assessment
Risk Level: medium — The company's reliance on a Revolving Credit Facility tied to SOFR introduces interest rate risk, which could impact profitability.
Key Numbers
- 20231231 — Conformed Period of Report (Indicates the end of the fiscal year covered by the report.)
- 20240222 — Filed As Of Date (The date the 10-K was officially filed with the SEC.)
- 001-40620 — SEC File Number (Unique identifier for the company's filings with the SEC.)
- 5211 — Standard Industrial Classification (SIC) (Categorizes the company as 'RETAIL-LUMBER & OTHER BUILDING MATERIALS DEALERS'.)
- (214) 880-3500 — Business Phone (Primary contact number for Builders FirstSource, Inc.)
Key Players & Entities
- Builders FirstSource, Inc. (company) — filer
- 0001316835 (company) — Central Index Key (CIK)
- December 31, 2023 (date) — fiscal year end
- February 22, 2024 (date) — filing date
- Irving, TX (company) — business address location
FAQ
What is the fiscal year end for Builders FirstSource, Inc. as reported in this 10-K filing?
The fiscal year end for Builders FirstSource, Inc. is December 31, 2023, as indicated by the 'CONFORMED PERIOD OF REPORT: 20231231'.
When was this 10-K filing submitted to the SEC?
This 10-K filing was submitted to the SEC on February 22, 2024, as stated by 'FILED AS OF DATE: 20240222'.
What is the primary business classification of Builders FirstSource, Inc. according to its SIC code?
Builders FirstSource, Inc.'s primary business classification is 'RETAIL-LUMBER & OTHER BUILDING MATERIALS DEALERS [5211]', as per its STANDARD INDUSTRIAL CLASSIFICATION.
What type of debt instrument is mentioned with a due date in 2032?
The filing mentions 'bldr:SeniorUnsecuredNotesDueTwoThousandAndThirtyTwoMember' and 'bldr:FourPointTwoFivePercentageSeniorNotesDueTwoThousandThirtyTwoMember', indicating Senior Unsecured Notes due in 2032.
What is the reference rate for Builders FirstSource, Inc.'s Revolving Credit Facility?
The Revolving Credit Facility uses the 'us-gaap:SecuredOvernightFinancingRateSofrOvernightIndexSwapRateMember', indicating SOFR as the reference rate.
From the Filing
0000950170-24-018584.txt : 20240222 0000950170-24-018584.hdr.sgml : 20240222 20240222130858 ACCESSION NUMBER: 0000950170-24-018584 CONFORMED SUBMISSION TYPE: 10-K PUBLIC DOCUMENT COUNT: 100 CONFORMED PERIOD OF REPORT: 20231231 FILED AS OF DATE: 20240222 DATE AS OF CHANGE: 20240222 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Builders FirstSource, Inc. CENTRAL INDEX KEY: 0001316835 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-LUMBER & OTHER BUILDING MATERIALS DEALERS [5211] ORGANIZATION NAME: 07 Trade & Services IRS NUMBER: 522084569 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-40620 FILM NUMBER: 24663639 BUSINESS ADDRESS: STREET 1: 6031 CONNECTION DR., STE. 400 CITY: IRVING STATE: TX ZIP: 75039 BUSINESS PHONE: (214) 880-3500 MAIL ADDRESS: STREET 1: 6031 CONNECTION DR., STE. 400 CITY: IRVING STATE: TX ZIP: 75039 10-K 1 bldr-20231231.htm 10-K 10-K false 0001316835 FY --12-31 http://fasb.org/us-gaap/2023#LeaseholdImprovementsMember 5 1 http://fasb.org/us-gaap/2023#PropertyPlantAndEquipmentNet http://fasb.org/us-gaap/2023#PropertyPlantAndEquipmentNet http://fasb.org/us-gaap/2023#LongTermDebtAndCapitalLeaseObligationsCurrent http://fasb.org/us-gaap/2023#LongTermDebtAndCapitalLeaseObligationsCurrent http://fasb.org/us-gaap/2023#LongTermDebtAndCapitalLeaseObligations http://fasb.org/us-gaap/2023#LongTermDebtAndCapitalLeaseObligations nine years three year three years 0001316835 2023-01-01 2023-12-31 0001316835 bldr:SeniorUnsecuredNotesDueTwoThousandAndThirtyTwoMember 2022-01-21 2022-01-21 0001316835 bldr:FourPointTwoFivePercentageSeniorNotesDueTwoThousandThirtyTwoMember 2021-07-23 2021-07-23 0001316835 us-gaap:RevolvingCreditFacilityMember us-gaap:SecuredOvernightFinancingRateSofrOvernightIndexSwapRateMember srt:MinimumMember 2023-01-01 2023-12-31 0001316835 bldr:WindowsDoorsAndMillworkMember 2022-01-01 2022-12-31 0001316835 us-gaap:RevolvingCreditFacilityMember srt:MinimumMember 2023-01-01 2023-12-31 0001316835 us-gaap:StateAndLocalJurisdictionMember 2023-12-31 0001316835 us-gaap:RevolvingCreditFacilityMember 2021-01-29 0001316835 bldr:InformationTechnologyFurnitureAndFixturesMember 2023-12-31 0001316835 us-gaap:MachineryAndEquipmentMember 2023-12-31 0001316835 2021-01-29 0001316835 us-gaap:CommonStockMember 2023-12-31 0001316835 us-gaap:RevolvingCreditFacilityMember 2023-04-03 0001316835 bldr:TwoThousandFourteenIncentivePlanMember 2023-01-01 2023-12-31 0001316835 us-gaap:RevolvingCreditFacilityMember 2023-01-17 0001316835 bldr:ManufacturedProductsMember 2021-01-01 2021-12-31 0001316835 us-gaap:RevolvingCreditFacilityMember srt:MinimumMember 2023-01-17 2023-01-17 0001316835 srt:MaximumMember us-gaap:LetterOfCreditMember 2023-01-01 2023-12-31 0001316835 bldr:SixPointThreeSevenFivePercentageSeniorNotesDueTwoThousandThirtyTwoMember 2022-12-31 0001316835 bldr:TwoThousandFourteenIncentivePlanMember srt:MinimumMember 2023-01-01 2023-12-31 0001316835 bldr:PerformanceMarketAndServiceConditionBasedRestrictedStockUnitGrantsMember 2023-12-31 0001316835 us-gaap:RetainedEarningsMember 2021-01-01 2021-12-31 0001316835 bldr:SubcontractorRelationshipsMember 2022-12-31 0001316835 bldr:SeniorSecuredNotesDueTwoThousandTwentySevenMember 2021-03-03 2021-03-03 0001316835 us-gaap:AdditionalPaidInCapitalMember 2021-01-01 2021-12-31 0001316835 us-gaap:RevolvingCreditFacilityMember us-gaap:SecuredOvernightFinancingRateSofrOvernightIndexSwapRateMember srt:MinimumMember 2022-02-04 2022-02-04 0001316835 bldr:MarketConditionBasedRestrictedStockUnitGrantsMember 2023-01-01 2023-12-31 0001316835 bldr:SeniorSecuredNotesDueTwoThousandThirtyMember 2023-01-01 2023-12-31 0001316835 bldr:ServiceConditionBasedRestrictedStockUnitGrantsMember 2022-01-01 2022-12-31 0001316835 us-gaap:AdditionalPaidInCapitalMember 2020-12-31 0001316835 2023-12-31 0001316835 bldr:NoltexBmsJbmChurchsFccStandaleAndEncoreMember 2023-01-01 2023-12-31 0001316835 bldr:SixPointThreeSevenFivePercentageSeniorNotesDueTwoThousandThir