$NOBH
NOBILITY HOMES INC

2021 Q2 Form 10-Q Financial Statement

#000119312521190859 Filed on June 15, 2021

View on sec.gov

Income Statement

Concept 2021 Q2 2021 Q1 2020 Q4
Revenue $14.74M $9.072M $13.17M
YoY Change 44.5% -3.94% 22.13%
Cost Of Revenue $11.13M $6.574M $9.501M
YoY Change 57.54% 0.31% 32.18%
Gross Profit $3.613M $2.497M $3.664M
YoY Change 15.15% -13.58% 2.01%
Gross Profit Margin 24.5% 27.53% 27.83%
Selling, General & Admin $1.551M $1.273M $1.398M
YoY Change 26.82% 1.37% -6.33%
% of Gross Profit 42.92% 50.99% 38.14%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $37.88K $56.94K $61.87K
YoY Change -4.0% 44.33% 14.45%
% of Gross Profit 1.05% 2.28% 1.69%
Operating Expenses $1.551M $1.273M $1.398M
YoY Change 26.82% 1.37% -6.33%
Operating Profit $2.062M $1.224M $2.267M
YoY Change 7.69% -25.07% 7.93%
Interest Expense $188.3K $124.3K $70.14K
YoY Change -361.35% 2.1% -95.75%
% of Operating Profit 9.13% 10.16% 3.09%
Other Income/Expense, Net $206.3K $177.5K $110.3K
YoY Change 63.87% -16.28% -16.04%
Pretax Income $2.268M $1.402M $2.447M
YoY Change 11.16% -24.06% -36.98%
Income Tax $543.5K $335.8K $573.6K
% Of Pretax Income 23.96% 23.96% 23.44%
Net Earnings $1.725M $1.066M $1.873M
YoY Change 11.29% -23.88% -35.66%
Net Earnings / Revenue 11.7% 11.75% 14.23%
Basic Earnings Per Share $0.47 $0.29
Diluted Earnings Per Share $0.47 $0.29 $515.7K
COMMON SHARES
Basic Shares Outstanding 3.632M 3.632M
Diluted Shares Outstanding 3.643M 3.633M

Balance Sheet

Concept 2021 Q2 2021 Q1 2020 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $35.88M $36.48M $35.27M
YoY Change 30.35% 21.75% 6.2%
Cash & Equivalents $33.23M $32.96M $30.31M
Short-Term Investments $2.652M $3.521M $4.961M
Other Short-Term Assets $2.190M $1.943M $1.457M
YoY Change 73.47% 33.48% -5.94%
Inventory $10.18M $10.60M $9.295M
Prepaid Expenses
Receivables $1.818M $1.057M $790.0K
Other Receivables $52.86K $50.03K $161.8K
Total Short-Term Assets $50.12M $50.14M $46.97M
YoY Change 25.47% 13.94% 0.31%
LONG-TERM ASSETS
Property, Plant & Equipment $6.919M $5.364M $5.143M
YoY Change 33.69% 3.17% 2.74%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $1.755M $1.743M $1.729M
YoY Change 3.88% 4.43% 4.86%
Other Assets $156.3K $156.3K $156.3K
YoY Change 0.0% 0.0% 0.0%
Total Long-Term Assets $14.67M $13.39M $12.85M
YoY Change 12.07% 3.67% 10.88%
TOTAL ASSETS
Total Short-Term Assets $50.12M $50.14M $46.97M
Total Long-Term Assets $14.67M $13.39M $12.85M
Total Assets $64.79M $63.53M $59.83M
YoY Change 22.17% 11.61% 2.4%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.286M $1.100M $928.1K
YoY Change 70.62% 92.1% -16.48%
Accrued Expenses $2.221M $1.588M $2.079M
YoY Change 16.43% -27.78% -25.89%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $13.87M $10.72M $8.105M
YoY Change 219.41% 88.95% -9.49%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $761.1K $769.9K $778.5K
YoY Change -3.8% -3.11%
Total Long-Term Liabilities $761.1K $769.9K $778.5K
YoY Change -3.8% -3.11%
TOTAL LIABILITIES
Total Short-Term Liabilities $13.87M $10.72M $8.105M
Total Long-Term Liabilities $761.1K $769.9K $778.5K
Total Liabilities $14.65M $11.49M $8.884M
YoY Change 185.32% 77.64% -0.79%
SHAREHOLDERS EQUITY
Retained Earnings $57.13M $59.04M $57.98M
YoY Change 3.99% 3.54% 4.84%
Common Stock $11.27M $11.25M $11.23M
YoY Change 0.39% 0.25% 0.06%
Preferred Stock
YoY Change
Treasury Stock (at cost) $18.26M $18.25M $18.27M
YoY Change -0.03% 2.59% 4.7%
Treasury Stock Shares $1.733M $1.732M $1.734M
Shareholders Equity $50.14M $52.04M $50.94M
YoY Change
Total Liabilities & Shareholders Equity $64.79M $63.53M $59.83M
YoY Change 22.17% 11.61% 2.4%

Cashflow Statement

Concept 2021 Q2 2021 Q1 2020 Q4
OPERATING ACTIVITIES
Net Income $1.725M $1.066M $1.873M
YoY Change 11.29% -23.88% -35.66%
Depreciation, Depletion And Amortization $37.88K $56.94K $61.87K
YoY Change -4.0% 44.33% 14.45%
Cash From Operating Activities $4.546M $1.435M $5.851M
YoY Change 146.29% -154.05% 211.88%
INVESTING ACTIVITIES
Capital Expenditures -$1.593M $278.1K -$47.85K
YoY Change 9848.91% 19.52% -69.9%
Acquisitions
YoY Change
Other Investing Activities $959.4K $1.491M $3.595M
YoY Change -2476.57% 13890.99% 156.36%
Cash From Investing Activities -$633.4K $1.213M $3.548M
YoY Change 1023.65% -621.42% 185.29%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -3.648M 9.411K -4.080K
YoY Change -11.0% -102.61% -99.76%
NET CHANGE
Cash From Operating Activities 4.546M 1.435M 5.851M
Cash From Investing Activities -633.4K 1.213M 3.548M
Cash From Financing Activities -3.648M 9.411K -4.080K
Net Change In Cash 264.3K 2.658M 9.395M
YoY Change -111.44% -181.84% 577.29%
FREE CASH FLOW
Cash From Operating Activities $4.546M $1.435M $5.851M
Capital Expenditures -$1.593M $278.1K -$47.85K
Free Cash Flow $6.139M $1.157M $5.899M
YoY Change 229.72% -140.06% 189.87%

Facts In Submission

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nobh Operating Payments Lease
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nobh Operating Payments Lease
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dei Security12b Title
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Common Stock
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OperatingLeasesFutureMinimumPaymentsDueInThreeYears
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CY2021Q2 us-gaap Operating Lease Liability
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CY2021Q2 nobh Operating Lease Liabilities
OperatingLeaseLiabilities
30078
dei Document Type
DocumentType
10-Q
dei Amendment Flag
AmendmentFlag
false
dei Document Period End Date
DocumentPeriodEndDate
2021-05-01
dei Entity Registrant Name
EntityRegistrantName
NOBILITY HOMES INC
dei Entity Central Index Key
EntityCentralIndexKey
0000072205
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2021
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q2
dei Trading Symbol
TradingSymbol
NOBH
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--10-30
dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
dei Entity Filer Category
EntityFilerCategory
Non-accelerated Filer
dei Entity Small Business
EntitySmallBusiness
true
dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
false
dei Entity Shell Company
EntityShellCompany
false
dei Entity File Number
EntityFileNumber
000-06506
dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
FL
dei Entity Address Address Line1
EntityAddressAddressLine1
3741 S.W. 7th Street
dei Entity Address City Or Town
EntityAddressCityOrTown
Ocala
dei Entity Address State Or Province
EntityAddressStateOrProvince
FL
dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
34474
dei City Area Code
CityAreaCode
352
dei Local Phone Number
LocalPhoneNumber
732-5157
CY2021Q2 nobh Mobile Home Park Notes Receivable Long Term
MobileHomeParkNotesReceivableLongTerm
2481
CY2021Q2 us-gaap Deferred Income Tax Liabilities Net
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15584
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0.10
CY2021Q2 us-gaap Preferred Stock Shares Authorized
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0
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PreferredStockSharesIssued
0
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CY2021Q2 us-gaap Common Stock Shares Issued
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CY2020Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
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CommonStockSharesAuthorized
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CY2020Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
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CY2021Q2 us-gaap Treasury Stock Shares
TreasuryStockShares
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TreasuryStockShares
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CY2020Q2 nobh Market Value Of Equity Investment
MarketValueOfEquityInvestment
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nobh Market Value Of Equity Investment
MarketValueOfEquityInvestment
180526
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
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nobh Payments To Acquire Mobile Home Park Notes Receivable
PaymentsToAcquireMobileHomeParkNotesReceivable
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us-gaap Payments Of Dividends
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us-gaap Payments For Repurchase Of Common Stock
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us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
535000
nobh Revenue Concentration Risks Recognation Terms
RevenueConcentrationRisksRecognationTerms
The Company considers there to be revenue concentration risks for distribution of its products where net product revenues exceed 10% of consolidated net product revenues.​​​​​​​
CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
50941276
CY2021Q1 nobh Stockissuedduringperiodvaluesharebasedcompensationandadjustmentstoadditionalpaidincapitalsharebasedcompensationrequisiteserviceperiodrecognitionvalue
Stockissuedduringperiodvaluesharebasedcompensationandadjustmentstoadditionalpaidincapitalsharebasedcompensationrequisiteserviceperiodrecognitionvalue
20521
CY2021Q2 us-gaap Available For Sale Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
0
CY2021Q1 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
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NetIncomeLoss
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CY2021Q1 us-gaap Stockholders Equity
StockholdersEquity
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CY2021Q2 us-gaap Dividends Cash
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CY2021Q2 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
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CY2021Q2 nobh Stockissuedduringperiodvaluesharebasedcompensationandadjustmentstoadditionalpaidincapitalsharebasedcompensationrequisiteserviceperiodrecognitionvalue
Stockissuedduringperiodvaluesharebasedcompensationandadjustmentstoadditionalpaidincapitalsharebasedcompensationrequisiteserviceperiodrecognitionvalue
16409
CY2019Q4 us-gaap Stockholders Equity
StockholdersEquity
49466315
CY2020Q1 us-gaap Treasury Stock Value Acquired Cost Method
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CY2020Q1 nobh Stockissuedduringperiodvaluesharebasedcompensationandadjustmentstoadditionalpaidincapitalsharebasedcompensationrequisiteserviceperiodrecognitionvalue
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CY2020Q1 us-gaap Net Income Loss
NetIncomeLoss
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CY2020Q2 us-gaap Stockholders Equity
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dei Document Quarterly Report
DocumentQuarterlyReport
true
dei Entity Tax Identification Number
EntityTaxIdentificationNumber
59-1166102
CY2020Q1 us-gaap Stockholders Equity
StockholdersEquity
50457171
CY2020Q2 us-gaap Dividends Cash
DividendsCash
3630970
CY2020Q2 us-gaap Treasury Stock Value Acquired Cost Method
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476850
CY2020Q2 nobh Stockissuedduringperiodvaluesharebasedcompensationandadjustmentstoadditionalpaidincapitalsharebasedcompensationrequisiteserviceperiodrecognitionvalue
Stockissuedduringperiodvaluesharebasedcompensationandadjustmentstoadditionalpaidincapitalsharebasedcompensationrequisiteserviceperiodrecognitionvalue
906
CY2021Q2 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
88388
CY2021Q2 nobh Operating Lease Future Minimum Payments Due Five Years And Thereafter
OperatingLeaseFutureMinimumPaymentsDueFiveYearsAndThereafter
458175

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