$MCFT
MasterCraft Boat Holdings, Inc.

2019 Q4 Form 10-Q Financial Statement

#000156459020003422 Filed on February 05, 2020

View on sec.gov

Income Statement

Concept 2019 Q4 2018 Q4
Revenue $99.63M $121.5M
YoY Change -18.03% 86.85%
Cost Of Revenue $78.49M $94.50M
YoY Change -16.95% 101.49%
Gross Profit $21.14M $27.07M
YoY Change -21.91% 49.06%
Gross Profit Margin 21.22% 22.28%
Selling, General & Admin $9.820M $11.40M
YoY Change -13.86% 60.56%
% of Gross Profit 46.45% 42.11%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $2.683M $1.923M
YoY Change 39.52% 163.42%
% of Gross Profit 12.69% 7.1%
Operating Expenses $10.81M $12.30M
YoY Change -12.14% 73.24%
Operating Profit $10.34M $14.72M
YoY Change -29.8% 36.54%
Interest Expense $1.237M -$2.000M
YoY Change -161.85% 300.0%
% of Operating Profit 11.97% -13.59%
Other Income/Expense, Net
YoY Change
Pretax Income $9.098M $12.70M
YoY Change -28.36% 19.81%
Income Tax $2.219M $2.500M
% Of Pretax Income 24.39% 19.69%
Net Earnings $6.879M $10.19M
YoY Change -32.48% 44.59%
Net Earnings / Revenue 6.9% 8.38%
Basic Earnings Per Share $0.37 $0.55
Diluted Earnings Per Share $0.37 $0.54
COMMON SHARES
Basic Shares Outstanding 18.73M 18.65M
Diluted Shares Outstanding 18.77M 18.77M

Balance Sheet

Concept 2019 Q4 2018 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $5.400M $18.50M
YoY Change -70.81% 45.67%
Cash & Equivalents $5.448M $18.50M
Short-Term Investments
Other Short-Term Assets $4.300M $3.500M
YoY Change 22.86% 34.62%
Inventory $29.50M $27.70M
Prepaid Expenses
Receivables $4.400M $6.400M
Other Receivables $1.700M $1.100M
Total Short-Term Assets $45.30M $57.10M
YoY Change -20.67% 69.94%
LONG-TERM ASSETS
Property, Plant & Equipment $42.40M $27.50M
YoY Change 54.18% 88.36%
Goodwill
YoY Change
Intangibles $77.82M
YoY Change
Long-Term Investments
YoY Change
Other Assets $6.200M $800.0K
YoY Change 675.0% 33.33%
Total Long-Term Assets $200.5M $214.5M
YoY Change -6.53% 249.35%
TOTAL ASSETS
Total Short-Term Assets $45.30M $57.10M
Total Long-Term Assets $200.5M $214.5M
Total Assets $245.8M $271.6M
YoY Change -9.5% 185.89%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $9.600M $13.90M
YoY Change -30.94% -11.46%
Accrued Expenses $15.80M $18.30M
YoY Change -13.66% 215.52%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $8.994M $10.60M
YoY Change -15.15% 152.38%
Total Short-Term Liabilities $57.43M $64.10M
YoY Change -10.4% 49.07%
LONG-TERM LIABILITIES
Long-Term Debt $96.68M $135.5M
YoY Change -28.65% 360.88%
Other Long-Term Liabilities $3.800M $2.300M
YoY Change 65.22% -28.13%
Total Long-Term Liabilities $96.68M $137.8M
YoY Change -29.84% 322.7%
TOTAL LIABILITIES
Total Short-Term Liabilities $57.43M $64.10M
Total Long-Term Liabilities $96.68M $137.8M
Total Liabilities $154.1M $202.9M
YoY Change -24.04% 166.97%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $87.91M $68.73M
YoY Change
Total Liabilities & Shareholders Equity $245.8M $271.6M
YoY Change -9.5% 185.89%

Cashflow Statement

Concept 2019 Q4 2018 Q4
OPERATING ACTIVITIES
Net Income $6.879M $10.19M
YoY Change -32.48% 44.59%
Depreciation, Depletion And Amortization $2.683M $1.923M
YoY Change 39.52% 163.42%
Cash From Operating Activities $14.60M $24.49M
YoY Change -40.38% 140.81%
INVESTING ACTIVITIES
Capital Expenditures $7.173M $2.597M
YoY Change 176.2% -609.22%
Acquisitions
YoY Change
Other Investing Activities $0.00 -$81.72M
YoY Change -100.0% 3.4%
Cash From Investing Activities -$7.170M -$84.33M
YoY Change -91.5% 16435.29%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -8.410M 72.23M
YoY Change -111.64% -7181.37%
NET CHANGE
Cash From Operating Activities 14.60M 24.49M
Cash From Investing Activities -7.170M -84.33M
Cash From Financing Activities -8.410M 72.23M
Net Change In Cash -980.0K 12.39M
YoY Change -107.91% 43.4%
FREE CASH FLOW
Cash From Operating Activities $14.60M $24.49M
Capital Expenditures $7.173M $2.597M
Free Cash Flow $7.427M $21.89M
YoY Change -66.08% 104.99%

Facts In Submission

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OperatingLeasesFutureMinimumPaymentsDueInFiveYears
402000
CY2019Q2 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
4631000
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.242
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.202
CY2019Q4 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
32000
CY2018Q4 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
404000
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
544000
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
788000
CY2019Q4 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
2683000
CY2019Q4 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
7173000
CY2018Q4 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
1923000
CY2018Q4 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
2597000
CY2018Q4 us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
121541000
us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
236175000
CY2018Q4 us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
10466000
us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
20179000
CY2018Q4 us-gaap Business Acquisition Pro Forma Earnings Per Share Basic
BusinessAcquisitionProFormaEarningsPerShareBasic
0.56
us-gaap Business Acquisition Pro Forma Earnings Per Share Basic
BusinessAcquisitionProFormaEarningsPerShareBasic
1.08
CY2018Q4 us-gaap Business Acquisition Pro Forma Earnings Per Share Diluted
BusinessAcquisitionProFormaEarningsPerShareDiluted
0.56
us-gaap Business Acquisition Pro Forma Earnings Per Share Diluted
BusinessAcquisitionProFormaEarningsPerShareDiluted
1.08

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