$SKY
Champion Homes, Inc.

2024 Q3 Form 10-Q Financial Statement

#000095017024092813 Filed on August 07, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2024 Q2 2023 Q3
Revenue $616.9M $627.8M $464.8M
YoY Change 32.73% 27.72% -35.97%
Cost Of Revenue $450.5M $463.6M $335.1M
YoY Change 34.45% 32.3% -32.51%
Gross Profit $166.3M $164.2M $129.7M
YoY Change 28.27% 16.34% -43.46%
Gross Profit Margin 26.96% 26.16% 27.9%
Selling, General & Admin $99.66M $108.8M $70.44M
YoY Change 41.48% 50.36% -2.55%
% of Gross Profit 59.91% 66.27% 54.32%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $6.500M $10.61M $7.592M
YoY Change -14.38% -29.56% 106.87%
% of Gross Profit 3.91% 6.46% 5.85%
Operating Expenses $99.66M $108.8M $70.44M
YoY Change 41.48% 50.36% -2.55%
Operating Profit $66.68M $55.39M $59.23M
YoY Change 12.57% -19.46% -62.28%
Interest Expense $4.737M $4.249M $9.301M
YoY Change -49.07% -44.7% 10234.44%
% of Operating Profit 7.1% 7.67% 15.7%
Other Income/Expense, Net -$14.00K $1.219M $0.00
YoY Change -100.0%
Pretax Income $71.40M $60.86M $68.54M
YoY Change 4.18% -20.4% -56.51%
Income Tax $15.40M $13.70M $17.27M
% Of Pretax Income 21.57% 22.51% 25.19%
Net Earnings $54.73M $45.79M $51.27M
YoY Change 6.76% -20.7% -56.24%
Net Earnings / Revenue 8.87% 7.29% 11.03%
Basic Earnings Per Share $0.95 $0.79 $0.90
Diluted Earnings Per Share $0.94 $0.79 $0.89
COMMON SHARES
Basic Shares Outstanding 57.58M 57.86M 57.18M
Diluted Shares Outstanding 58.19M 58.34M 57.66M

Balance Sheet

Concept 2024 Q3 2024 Q2 2023 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $570.2M $548.9M $797.7M
YoY Change -28.52% -26.56% 72.0%
Cash & Equivalents $570.2M $548.9M $797.7M
Short-Term Investments
Other Short-Term Assets $43.59M $34.33M $34.12M
YoY Change 27.76% 29.65% 48.9%
Inventory $325.5M $320.0M $196.5M
Prepaid Expenses
Receivables $74.76M $72.71M $50.68M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $1.014B $975.9M $1.079B
YoY Change -6.02% -6.47% 18.91%
LONG-TERM ASSETS
Property, Plant & Equipment $300.8M $293.4M $184.3M
YoY Change 63.27% 65.64% 27.13%
Goodwill $358.0M $358.0M $196.6M
YoY Change 82.1% 82.1% 2.1%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $256.5M $258.7M $115.4M
YoY Change 122.22% 212.5% 85.88%
Total Long-Term Assets $1.014B $1.011B $538.6M
YoY Change 88.17% 94.74% 15.61%
TOTAL ASSETS
Total Short-Term Assets $1.014B $975.9M $1.079B
Total Long-Term Assets $1.014B $1.011B $538.6M
Total Assets $2.028B $1.987B $1.618B
YoY Change 25.35% 27.16% 17.79%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $64.26M $61.45M $47.22M
YoY Change 36.09% 37.46% -37.98%
Accrued Expenses $158.0M $155.0M $99.93M
YoY Change 58.13% 40.7% -38.05%
Deferred Revenue
YoY Change
Short-Term Debt $85.98M $92.86M $0.00
YoY Change -100.0%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $418.7M $418.7M $245.9M
YoY Change 70.24% 68.21% -33.57%
LONG-TERM LIABILITIES
Long-Term Debt $24.69M $24.68M $12.43M
YoY Change 98.63% 98.58% 0.0%
Other Long-Term Liabilities $84.75M $85.95M $62.06M
YoY Change 36.56% 37.71% 48.8%
Total Long-Term Liabilities $116.7M $117.7M $74.49M
YoY Change 56.71% 45.64% 25.15%
TOTAL LIABILITIES
Total Short-Term Liabilities $418.7M $418.7M $245.9M
Total Long-Term Liabilities $116.7M $117.7M $74.49M
Total Liabilities $535.4M $536.4M $326.7M
YoY Change 63.87% 62.68% -23.97%
SHAREHOLDERS EQUITY
Retained Earnings $924.4M $889.8M $776.0M
YoY Change 19.13% 22.62% 74.49%
Common Stock $581.3M $576.0M $526.5M
YoY Change 10.41% 10.54% 3.56%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.492B $1.451B $1.291B
YoY Change
Total Liabilities & Shareholders Equity $2.028B $1.987B $1.618B
YoY Change 25.35% 27.16% 17.79%

Cashflow Statement

Concept 2024 Q3 2024 Q2 2023 Q3
OPERATING ACTIVITIES
Net Income $54.73M $45.79M $51.27M
YoY Change 6.76% -20.7% -56.24%
Depreciation, Depletion And Amortization $6.500M $10.61M $7.592M
YoY Change -14.38% -29.56% 106.87%
Cash From Operating Activities $59.83M $84.62M $74.86M
YoY Change -20.08% 62.16% 57.85%
INVESTING ACTIVITIES
Capital Expenditures $14.12M $10.71M $10.34M
YoY Change 36.5% -23.85% 9.6%
Acquisitions $0.00
YoY Change -100.0%
Other Investing Activities $644.0K $1.630M -$15.27M
YoY Change -104.22% -169.39% 60.17%
Cash From Investing Activities -$13.47M -$9.082M -$25.62M
YoY Change -47.41% -44.68% 35.02%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00
YoY Change
Debt Paid & Issued, Net $1.000K $0.00
YoY Change
Cash From Financing Activities -26.72M -20.60M -961.0K
YoY Change 2680.02% 2501.52% -146.74%
NET CHANGE
Cash From Operating Activities 59.83M 84.62M 74.86M
Cash From Investing Activities -13.47M -9.082M -25.62M
Cash From Financing Activities -26.72M -20.60M -961.0K
Net Change In Cash 19.64M 53.87M 48.28M
YoY Change -59.32% 54.03% 70.21%
FREE CASH FLOW
Cash From Operating Activities $59.83M $84.62M $74.86M
Capital Expenditures $14.12M $10.71M $10.34M
Free Cash Flow $45.71M $73.90M $64.52M
YoY Change -29.15% 93.9% 69.84%

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