← MasterCraft Boat Holdings, Inc.
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | $10.2m | $19.6m | $39.7m | $21.4m | ($24.0m) | $56.2m | $58.2m | $68.9m | $7.8m | $7.0m | — | |
| Depreciation, Depletion and Amortization | $3.4m | $3.2m | $5.1m | $7.8m | $10.5m | $11.6m | $13.6m | $10.6m | $11.2m | $9.6m | $9.5m | |
| Amortization of Debt Issuance Costs | $85k | $361k | $496k | $553k | $600k | $600k | $200k | $200k | $300k | $500k | — | |
| Amortization of Debt Issuance Costs and Discounts | — | $361k | $496k | $553k | $572k | $570k | $235k | — | — | — | — | |
| Amortization of Intangible Assets | $221k | $107k | $1.6m | $3.5m | $3.9m | $3.9m | $4.0m | $2.0m | $1.8m | $1.8m | — | |
| Depreciation | $3.2m | $3.1m | $3.5m | $4.3m | $6.6m | $7.7m | $9.6m | $8.6m | $9.4m | $7.8m | $9.5m | |
| Deferred Income Tax Expense (Benefit) | ($3.9m) | $4.5m | $557k | ($6.7m) | ($9.8m) | $839k | ($6.4m) | $9.1m | ($6.2m) | ($330k) | $721k | |
| Share-based Payment Arrangement, Noncash Expense | $13.7m | $711k | $1.2m | $1.7m | $1.1m | $3.0m | $3.5m | $3.7m | $2.6m | $2.9m | $3.5m | |
| Payment, Tax Withholding, Share-based Payment Arrangement | — | $4k | $78k | $148k | — | — | — | — | — | — | — | |
| Share-based Payment Arrangement, Expense | — | — | — | — | $1.1m | $3.0m | $3.5m | $3.7m | $2.6m | $2.9m | $3.5m | |
| Goodwill and Intangible Asset Impairment | — | — | — | $31.0m | $56.4m | — | — | — | — | — | — | |
| Goodwill, Impairment Loss | — | — | $0 | $28.0m | $44.4m | $0 | $1.1m | $0 | — | — | $9.8m | |
| Impairment of Intangible Assets (Excluding Goodwill) | — | — | — | — | $12.0m | — | $18.5m | — | — | — | — | |
| Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill) | $0 | $0 | $0 | $3.0m | — | $0 | — | — | — | — | — | |
| Changes in operating assets and liabilities: | ||||||||||||
| Increase (Decrease) in Accounts Receivable | $286k | $551k | $211k | $1.8m | ($6.3m) | $5.9m | $13.7m | ($10.3m) | $428k | ($4.8m) | $6.9m | |
| Increase (Decrease) in Inventories | $2.1m | ($1.2m) | $2.8m | $449k | ($4.8m) | $28.6m | $25.3m | ($868k) | ($10.5m) | ($6.6m) | $6.6m | |
| Inventory Write-down | $359k | $399k | $281k | $109k | — | — | — | — | — | — | — | |
| Increase (Decrease) in Accounts Payable | ($1.7m) | ($2.1m) | $2.8m | ($3.0m) | ($6.9m) | $13.4m | $3.7m | ($3.3m) | ($8.0m) | ($2.0m) | ($2.0m) | |
| Net Cash Provided by (Used in) Operating Activities | $30.7m |
$26.2m
-14.68%
|
$49.4m
+88.31%
|
$55.9m
+13.14%
|
$30.2m
-45.97%
|
$68.5m
+126.96%
|
$73.3m
+6.96%
|
$134.2m
+83.05%
|
$12.5m
-90.69%
|
$35.6m
+184.81%
|
$33.2m
-6.86%
|
|
| Cash flows from investing activities: | ||||||||||||
| Payments to Acquire Property, Plant, and Equipment | $3.8m | $4.1m | $5.3m | $14.1m | $14.2m | $27.9m | $15.8m | $30.3m | $16.4m | $9.2m | ($8.3m) | |
| Gain (Loss) on Disposition of Property Plant Equipment | ($1k) | ($10k) | ($5.3m) | ($10k) | ($14.2m) | ($27.9m) | ($15.8m) | ($30.3m) | ($16.4m) | ($9.2m) | $330k | |
| Payments to Acquire Businesses, Net of Cash Acquired | — | — | $80.5m | $81.7m | — | — | — | — | — | — | $0 | |
| Payments for (Proceeds from) Other Investing Activities | — | — | — | — | — | — | — | — | ($5k) | $0 | — | |
| Net Cash Provided by (Used in) Investing Activities | ($3.8m) | ($4.1m) | ($85.7m) | ($95.8m) | ($14.2m) | ($27.8m) | ($15.8m) | ($121.4m) | ($1.8m) | $46.0m | $20.9m | |
| Cash flows from financing activities: | ||||||||||||
| Gain (Loss) on Extinguishment of Debt | ($716k) | — | — | — | — | ($733k) | — | $0 | — | — | — | |
| Payments for Repurchase of Common Stock | $4.5m | — | — | — | — | $0 | $25.5m | $22.9m | $16.3m | $9.8m | — | |
| Payments of Ordinary Dividends, Common Stock | $79.9m | — | — | — | — | — | — | — | — | — | — | |
| Proceeds from (Payments for) Other Financing Activities | — | — | — | — | ($792k) | ($1.5m) | ($358k) | ($1.2m) | ($2.4m) | ($830k) | — | |
| Net Cash Provided by (Used in) Financing Activities | ($28.0m) |
($18.1m)
+35.30%
|
$40.2m
+321.67%
|
$37.8m
-5.91%
|
($5.5m)
-114.51%
|
($17.8m)
-223.91%
|
($62.5m)
-251.88%
|
($27.1m)
+56.59%
|
($23.1m)
+14.78%
|
($60.1m)
-159.77%
|
($8.0m)
+86.69%
|
|
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | — | $5.8m | $16.3m | $39.3m | $34.2m | $19.8m | $7.4m | $28.9m | $75.4m | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | — | $2.0m | $3.0m | $5.5m | $4.8m | $2.9m | $1.2m | $2.4m | $3.0m | $746k | — | |
| Income Taxes Paid, Net | $9.6m | $6.5m | $13.5m | $12.4m | $6.1m | $9.2m | $18.8m | $10.1m | $11.6m | $284k | — | |
| Additional Financial Items | ||||||||||||
| Discontinued Operation, Gain (Loss) on Disposal of Discontinued Operation, Net of Tax | — | — | — | — | — | $2.3m | $29.7m | $22.5m | $922k | $3.7m | — | |
| General and Administrative Expense | $29.2m | $20.5m | $19.8m | $27.7m | $25.6m | $37.0m | $41.0m | $37.0m | $34.4m | $32.1m | — | |
| Goodwill | $29.6m | $29.6m | $65.8m | $74.0m | $29.6m | $29.6m | $28.5m | $28.5m | $28.5m | $28.5m | $9.8m | |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | — | — | — | — | — | $2.3m | $29.7m | $90.5m | $8.7m | $10.7m | — | |
| Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent | — | — | — | — | — | $2.3m | $29.7m | $21.5m | $922k | $3.7m | — | |
| Income Tax Expense (Benefit) | $8.3m | $11.7m | $12.9m | $5.4m | ($7.6m) | $15.7m | $18.2m | $27.1m | $1.4m | $2.8m | — | |
| Operating Expenses | $39.1m | $30.0m | $34.4m | $79.9m | $101.9m | $54.0m | $84.5m | $52.8m | $59.5m | $45.6m | — | |
| Unrealized Gain (Loss) on Derivatives | — | — | $435k | ($474k) | — | — | — | — | — | — | — |