SEC Info - Boise Cascade Co. - ‘10-Q’ for 9/30/22

Quarterly Report — Form 10-Q

Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-Q        Quarterly Report                                    HTML   1.63M 
 2: EX-10.1     Eighth Amendment to Amended and Restated Credit     HTML   1.55M 
                Agreement                                                        
 3: EX-10.2     Form of Severance Agreements                        HTML     51K 
 4: EX-31.1     Section 302 CEO Certification                       HTML     25K 
 5: EX-31.2     Section 302 CFO Certification                       HTML     25K 
 6: EX-32.1     Section 906 CEO Certification                       HTML     22K 
 7: EX-32.2     Section 906 CFO Certification                       HTML     22K 
13: R1          Document and Entity Information Document            HTML     73K 
14: R2          Consolidated Statements of Operations (Unaudited)   HTML     98K 
15: R3          Consolidated Statements of Comprehensive Income     HTML     41K 
                (Unaudited)                                                      
16: R4          Consolidated Statements of Comprehensive Income     HTML     25K 
                (Unaudited) Parentheticals                                       
17: R5          Consolidated Balance Sheets (Current Period         HTML    165K 
                Unaudited)                                                       
18: R6          Consolidated Balance Sheets (Current Period         HTML     23K 
                Unaudited) Parenthetical                                         
19: R7          Consolidated Statements of Cash Flows (Unaudited)   HTML    101K 
20: R8          Consolidated Statements of Stockholders' Equity     HTML     95K 
                (Unaudited) Statement                                            
21: R9          Nature of Operations and Consolidation              HTML     25K 
22: R10         Summary of Significant Accounting Policies          HTML     65K 
23: R11         Income Taxes                                        HTML     25K 
24: R12         Net Income Per Common Share                         HTML     44K 
25: R13         Acquisition                                         HTML     48K 
26: R14         Goodwill and Intangible Assets                      HTML     49K 
27: R15         Debt                                                HTML     49K 
28: R16         Leases                                              HTML    122K 
29: R17         Stock-Based Compensation                            HTML     56K 
30: R18         Stockholders' Equity                                HTML     45K 
31: R19         Transactions With Related Party                     HTML     25K 
32: R20         Segment Information                                 HTML     85K 
33: R21         Commitments, Legal Proceedings and Contingencies,   HTML     25K 
                and Guarantees                                                   
34: R22         Summary of Significant Accounting Policies          HTML     60K 
                (Policies)                                                       
35: R23         Summary of Significant Accounting Policies          HTML     45K 
                (Tables)                                                         
36: R24         Net Income Per Common Share (Tables)                HTML     41K 
37: R25         Acquisition (Tables)                                HTML     45K 
38: R26         Goodwill and Intangible Assets (Tables)             HTML     72K 
39: R27         Debt (Tables)                                       HTML     30K 
40: R28         Leases (Tables)                                     HTML     92K 
41: R29         Stock-Based Compensation (Tables)                   HTML     51K 
42: R30         Stockholders' Equity (Tables)                       HTML     37K 
43: R31         Segment Information (Tables)                        HTML     83K 
44: R32         Nature of Operations and Consolidation (Details)    HTML     22K 
45: R33         Summary of Significant Accounting Policies:Revenue  HTML     28K 
                Recognition (Details)                                            
46: R34         Summary of Significant Accounting Policies:Vendor   HTML     22K 
                Rebates and Allowances (Details)                                 
47: R35         Summary of Significant Accounting Policies:Leases   HTML     31K 
                (Details)                                                        
48: R36         Summary of Significant Accounting                   HTML     29K 
                Policies:Inventory Valuation (Details)                           
49: R37         Summary of Significant Accounting                   HTML     42K 
                Policies:Property and Equipment (Details)                        
50: R38         Summary of Significant Accounting                   HTML     35K 
                Policies:Financial Instruments (Details)                         
51: R39         Summary of Significant Accounting                   HTML     65K 
                Policies:Interest Rate Risk and Interest Rate                    
                Swaps (Details)                                                  
52: R40         Summary of Significant Accounting                   HTML     29K 
                Policies:Concentration of Credit Risk (Details)                  
53: R41         Income Taxes (Details)                              HTML     31K 
54: R42         Net Income Per Common Share (Details)               HTML     58K 
55: R43         Acquisition (Details)                               HTML     83K 
56: R44         Goodwill and Intangible Assets (Details)            HTML     31K 
57: R45         Goodwill and Intangible Assets Intangible Assets    HTML     58K 
                (Details)                                                        
58: R46         Debt:Summary Table (Details)                        HTML     34K 
59: R47         Debt Asset-Based Revolving Credit Facility          HTML     83K 
                (Details)                                                        
60: R48         Debt:2030 Notes (Details)                           HTML     30K 
61: R49         Debt:Cash Paid for Interest (Details)               HTML     23K 
62: R50         Leases:Costs (Details)                              HTML     37K 
63: R51         Leases:Other Information (Details)                  HTML     98K 
64: R52         Stock-Based Compensation (Details)                  HTML    118K 
65: R53         Stockholders' Equity:Shares and Dividends           HTML     44K 
                (Details)                                                        
66: R54         Stockholders' Equity:AOCI (Details)                 HTML     38K 
67: R55         Transactions With Related Party (Details)           HTML     37K 
68: R56         Segment Information Segment Sales to External       HTML     63K 
                Customers by Product Line (Details)                              
69: R57         Segment Information (Details)                       HTML     46K 
72: XML         IDEA XML File -- Filing Summary                      XML    128K 
70: XML         XBRL Instance -- bcc-20220930_htm                    XML   2.04M 
71: EXCEL       IDEA Workbook of Financial Reports                  XLSX    132K 
 9: EX-101.CAL  XBRL Calculations -- bcc-20220930_cal                XML    193K 
10: EX-101.DEF  XBRL Definitions -- bcc-20220930_def                 XML    514K 
11: EX-101.LAB  XBRL Labels -- bcc-20220930_lab                      XML   1.66M 
12: EX-101.PRE  XBRL Presentations -- bcc-20220930_pre               XML    905K 
 8: EX-101.SCH  XBRL Schema -- bcc-20220930                          XSD    139K 
73: JSON        XBRL Instance as JSON Data -- MetaLinks              405±   606K 
74: ZIP         XBRL Zipped Folder -- 0001328581-22-000096-xbrl      Zip    656K

‘R20’ — Segment Information

This is an IDEA Financial Report. [ Alternative Formats ]

Segment Information

9 Months Ended

Sep. 30, 2022

Segment Reporting [Abstract]

Segment Information

We operate our business using two reportable segments: Wood Products and BMD. Unallocated corporate costs are presented as reconciling items to arrive at operating income. There are no differences in our basis of measurement of segment profit or loss from those disclosed in Note 16, Segment Information, of the Notes to Consolidated Financial Statements in "Item 8. Financial Statements and Supplementary Data" in our 2021 Form 10-K.

Wood Products and BMD segment sales to external customers, including related parties, by product line are as follows:


	Three Months Ended September 30				Nine Months Ended September 30
	2022		2021		2022		2021
	(millions)
Wood Products (a)
LVL (b)	$	12.3	$	(5.1)	$	4.5	$	4.6
I-joists (b)	5.7		(9.3)		(9.0)		(1.4)
Other engineered wood products (b)	10.3		9.6		35.2		32.8
Plywood and veneer	115.4		119.2		388.8		443.2
Lumber	21.7		21.3		60.2		65.9
Byproducts	23.9		17.7		62.3		54.3

Other	8.4		4.9		17.1		15.8
	197.8		158.3		559.2		615.3

Building Materials Distribution
Commodity	775.0		770.9		2,833.1		2,985.3
General line	691.0		580.8		2,006.8		1,620.2
Engineered wood products	490.7		369.5		1,359.9		923.1
	1,956.8		1,721.1		6,199.8		5,528.6
	$	2,154.6	$	1,879.5	$	6,759.0	$	6,143.9

___________________________________

(a) Amounts represent sales to external customers. Sales are calculated after intersegment sales eliminations to our BMD segment.

(b) Sales of EWP to external customers are net of the cost of all EWP rebates and sales allowances provided at various stages of the supply chain (including distributors, dealers, and homebuilders). For both the nine months ended September 30, 2022 and 2021, approximately 78% of Wood Products' EWP sales volumes were to our BMD segment.

An analysis of our operations by segment is as follows:


	Three Months Ended September 30				Nine Months Ended September 30
	2022		2021		2022		2021
	(thousands)
Net sales by segment
Wood Products	$	595,320	$	497,316	$	1,690,294	$	1,524,220
Building Materials Distribution	1,956,802		1,721,244		6,199,835		5,528,765
Intersegment eliminations (a)	(397,475)		(339,109)		(1,131,128)		(909,057)
Total net sales	$	2,154,647	$	1,879,451	$	6,759,001	$	6,143,928

Segment operating income
Wood Products	$	155,972	$	122,056	$	500,189	$	432,869
Building Materials Distribution	154,436		16,565		534,636		343,122
Total segment operating income	310,408		138,621		1,034,825		775,991
Unallocated corporate costs	(11,038)		(9,235)		(32,752)		(31,569)
Income from operations	$	299,370	$	129,386	$	1,002,073	$	744,422

___________________________________

(a) Primarily represents intersegment sales from our Wood Products segment to our BMD segment.

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References + Details

Dates Referenced Herein and Documents Incorporated by Reference

This ‘10-Q’ Filing	Date	Other Filings

Filed on:	10/31/22	8-K
For Period end:	9/30/22
	9/30/21	10-Q
		List all Filings

2 Subsequent Filings that Reference this Filing

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 2/20/24  Boise Cascade Co.                 10-K       12/31/23  100:12M
 2/21/23  Boise Cascade Co.                 10-K       12/31/22   96:25M

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Filing Submission 0001328581-22-000096 – Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

Boise Cascade Co. – ‘10-Q’ for 9/30/22 – ‘R20’

On: Monday, 10/31/22, at 4:23pm ET · For: 9/30/22 · Accession #: 1328581-22-96 · File #: 1-35805

Previous ‘10-Q’: ‘10-Q’ on 8/1/22 for 6/30/22 · Next: ‘10-Q’ on 5/4/23 for 3/31/23 · Latest: ‘10-Q’ on 5/6/24 for 3/31/24 · 2 References:

Quarterly Report — Form 10-Q

Filing Table of Contents

‘R20’ — Segment Information

This is an IDEA Financial Report. [ Alternative Formats ]

Dates Referenced Herein and Documents Incorporated by Reference

2 Subsequent Filings that Reference this Filing

Boise Cascade Co. – ‘10-Q’ for 9/30/22 – ‘R20’

On: Monday, 10/31/22, at 4:23pm ET · For: 9/30/22 · Accession #: 1328581-22-96 · File #: 1-35805

Previous ‘10-Q’: ‘10-Q’ on 8/1/22 for 6/30/22 · Next: ‘10-Q’ on 5/4/23 for 3/31/23 · Latest: ‘10-Q’ on 5/6/24 for 3/31/24 · 2 References: By: Boise Cascade Co. – ‘10-K’ on 2/20/24 for 12/31/23 By: Boise Cascade Co. – ‘10-K’ on 2/21/23 for 12/31/22

Quarterly Report — Form 10-QFiling Table of Contents

‘R20’ — Segment Information

This is an IDEA Financial Report. [ Alternative Formats ]

Dates Referenced Herein and Documents Incorporated by Reference

2 Subsequent Filings that Reference this Filing

Previous ‘10-Q’: ‘10-Q’ on 8/1/22 for 6/30/22 · Next: ‘10-Q’ on 5/4/23 for 3/31/23 · Latest: ‘10-Q’ on 5/6/24 for 3/31/24 · 2 References:

Quarterly Report — Form 10-Q

Filing Table of Contents