$MCFT
MasterCraft Boat Holdings, Inc.

2021 Q4 Form 10-Q Financial Statement

#000156459021056164 Filed on November 10, 2021

View on sec.gov

Income Statement

Concept 2021 Q4 2021 Q2 2020 Q4
Revenue $144.0M $147.9M $103.7M
YoY Change 38.87% 189.38% 4.09%
Cost Of Revenue $113.9M $110.6M $77.50M
YoY Change 46.95% 153.09% -1.26%
Gross Profit $30.12M $37.23M $26.20M
YoY Change 14.97% 402.59% 23.92%
Gross Profit Margin 20.92% 25.18% 25.27%
Selling, General & Admin $13.95M $13.70M $11.80M
YoY Change 18.24% 55.68% 20.16%
% of Gross Profit 46.32% 36.8% 45.04%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $3.354M $2.948M $2.740M
YoY Change 22.41% 3.8% 2.12%
% of Gross Profit 11.13% 7.92% 10.46%
Operating Expenses $13.95M $14.70M $12.80M
YoY Change 9.0% 50.0% 18.44%
Operating Profit $14.04M $22.56M $13.40M
YoY Change 4.81% -1031.59% 29.66%
Interest Expense -$382.0K -$800.0K -$1.000M
YoY Change -61.8% -42.86% -180.84%
% of Operating Profit -2.72% -3.55% -7.46%
Other Income/Expense, Net
YoY Change
Pretax Income $13.66M $21.80M $12.40M
YoY Change 10.18% -673.68% 36.29%
Income Tax $3.276M $4.200M $2.800M
% Of Pretax Income 23.98% 19.27% 22.58%
Net Earnings $10.39M $17.57M $9.600M
YoY Change 8.19% -719.46% 39.56%
Net Earnings / Revenue 7.21% 11.88% 9.26%
Basic Earnings Per Share $0.55 $0.93
Diluted Earnings Per Share $0.55 $0.93 $507.9K
COMMON SHARES
Basic Shares Outstanding 18.85M 18.82M
Diluted Shares Outstanding 19.00M 18.99M

Balance Sheet

Concept 2021 Q4 2021 Q2 2020 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $11.65M $29.00M $8.900M
YoY Change 30.91% 77.91% 64.81%
Cash & Equivalents $11.65M $28.97M $8.858M
Short-Term Investments
Other Short-Term Assets $5.524M $6.300M $3.600M
YoY Change 53.44% 70.27% -16.28%
Inventory $75.54M $53.48M $32.60M
Prepaid Expenses
Receivables $19.11M $10.50M $13.00M
Other Receivables $935.0K $700.0K $2.800M
Total Short-Term Assets $112.8M $91.40M $60.90M
YoY Change 85.14% 61.08% 34.44%
LONG-TERM ASSETS
Property, Plant & Equipment $62.34M $60.50M $40.70M
YoY Change 53.16% 49.44% -4.01%
Goodwill $28.49M $29.59M $29.59M
YoY Change -3.72% 0.0%
Intangibles $58.87M $59.90M $62.86M
YoY Change -6.34% -6.19% -19.23%
Long-Term Investments
YoY Change
Other Assets $16.41M $16.10M $694.0K
YoY Change 2264.84% 2040.96% -88.81%
Total Long-Term Assets $166.1M $185.1M $150.3M
YoY Change 10.51% 22.41% -25.03%
TOTAL ASSETS
Total Short-Term Assets $112.8M $91.40M $60.90M
Total Long-Term Assets $166.1M $185.1M $150.3M
Total Assets $278.9M $276.5M $211.2M
YoY Change 32.03% 32.96% -14.07%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $28.64M $23.20M $15.68M
YoY Change 82.72% 120.74% 63.28%
Accrued Expenses $11.16M $17.40M $10.20M
YoY Change 9.38% 52.63% -35.44%
Deferred Revenue $4.300M $1.848M
YoY Change 230.59%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $2.868M $2.866M $8.943M
YoY Change -67.93% -67.91% -0.57%
Total Short-Term Liabilities $75.38M $74.29M $60.51M
YoY Change 24.57% 34.03% 5.35%
LONG-TERM LIABILITIES
Long-Term Debt $81.56M $90.28M $87.43M
YoY Change -6.71% -9.42% -9.57%
Other Long-Term Liabilities $4.533M $276.0K $221.0K
YoY Change 1951.13% -0.36% -94.18%
Total Long-Term Liabilities $86.09M $90.55M $87.65M
YoY Change -1.77% -9.4% -9.35%
TOTAL LIABILITIES
Total Short-Term Liabilities $75.38M $74.29M $60.51M
Total Long-Term Liabilities $86.09M $90.55M $87.65M
Total Liabilities $161.5M $164.8M $152.3M
YoY Change 6.02% 3.64% -1.18%
SHAREHOLDERS EQUITY
Retained Earnings -$11.33M -$57.93M
YoY Change -83.21%
Common Stock $119.1M $116.9M
YoY Change 2.36%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $117.4M $90.45M $58.92M
YoY Change
Total Liabilities & Shareholders Equity $278.9M $256.4M $211.2M
YoY Change 32.03% 23.31% -14.07%

Cashflow Statement

Concept 2021 Q4 2021 Q2 2020 Q4
OPERATING ACTIVITIES
Net Income $10.39M $17.57M $9.600M
YoY Change 8.19% -719.46% 39.56%
Depreciation, Depletion And Amortization $3.354M $2.948M $2.740M
YoY Change 22.41% 3.8% 2.12%
Cash From Operating Activities -$13.56M $24.23M $7.370M
YoY Change -283.92% 284.6% -49.52%
INVESTING ACTIVITIES
Capital Expenditures $3.618M $4.876M -$2.040M
YoY Change -277.35% -861.87% -128.44%
Acquisitions
YoY Change
Other Investing Activities $0.00
YoY Change -100.0%
Cash From Investing Activities -$3.618M -$4.880M -$2.040M
YoY Change 77.35% 662.5% -71.55%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $1.500M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -10.43M -2.460M -12.79M
YoY Change -18.47% -91.89% 52.08%
NET CHANGE
Cash From Operating Activities -13.56M 24.23M 7.370M
Cash From Investing Activities -3.618M -4.880M -2.040M
Cash From Financing Activities -10.43M -2.460M -12.79M
Net Change In Cash -27.60M 16.89M -7.460M
YoY Change 269.99% -168.46% 661.22%
FREE CASH FLOW
Cash From Operating Activities -$13.56M $24.23M $7.370M
Capital Expenditures $3.618M $4.876M -$2.040M
Free Cash Flow -$17.17M $19.35M $9.410M
YoY Change -282.5% 178.88% 26.7%

Facts In Submission

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0.51
CY2021Q4 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
1500000
CY2021Q4 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
4
CY2021Q4 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
4
CY2021Q4 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
144010000
CY2021Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
14044000
CY2021Q4 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
3354000
CY2021Q4 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
3618000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
103745000
us-gaap Operating Income Loss
OperatingIncomeLoss
13404000

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