$SKY
Champion Homes, Inc.

2015 Q4 Form 10-Q Financial Statement

#000119312516429984 Filed on January 14, 2016

View on sec.gov

Income Statement

Concept 2015 Q4 2014 Q4
Revenue $58.68M $49.67M
YoY Change 18.15% 26.68%
Cost Of Revenue $51.46M $44.51M
YoY Change 15.61% 25.73%
Gross Profit $7.227M $5.158M
YoY Change 40.11% 35.49%
Gross Profit Margin 12.32% 10.39%
Selling, General & Admin $5.400M $5.008M
YoY Change 7.83% 5.81%
% of Gross Profit 74.72% 97.09%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $200.0K $300.0K
YoY Change -33.33% -25.0%
% of Gross Profit 2.77% 5.82%
Operating Expenses $5.400M $5.008M
YoY Change 7.83% 5.81%
Operating Profit $1.827M $150.0K
YoY Change 1118.0% -119.63%
Interest Expense $79.00K $93.00K
YoY Change -15.05%
% of Operating Profit 4.32% 62.0%
Other Income/Expense, Net
YoY Change
Pretax Income $1.748M $81.00K
YoY Change 2058.02% -110.96%
Income Tax $0.00 $0.00
% Of Pretax Income 0.0% 0.0%
Net Earnings $1.706M -$3.444M
YoY Change -149.54% 55.63%
Net Earnings / Revenue 2.91% -6.93%
Basic Earnings Per Share $0.20 -$0.41
Diluted Earnings Per Share $0.20 -$404.8K
COMMON SHARES
Basic Shares Outstanding 8.391M shares 8.391M shares
Diluted Shares Outstanding 8.391M shares

Balance Sheet

Concept 2015 Q4 2014 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $6.800M $4.800M
YoY Change 41.67% -67.12%
Cash & Equivalents
Short-Term Investments
Other Short-Term Assets $1.370M $974.0K
YoY Change 40.66% 54.11%
Inventory $10.76M $9.155M
Prepaid Expenses
Receivables $14.31M $13.59M
Other Receivables $0.00 $0.00
Total Short-Term Assets $34.03M $33.10M
YoY Change 2.81% -18.46%
LONG-TERM ASSETS
Property, Plant & Equipment $11.30M $13.56M
YoY Change -16.67% -22.25%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $7.319M $6.855M
YoY Change 6.77% 8.0%
Total Long-Term Assets $18.62M $21.97M
YoY Change -15.25% -13.48%
TOTAL ASSETS
Total Short-Term Assets $34.03M $33.10M
Total Long-Term Assets $18.62M $21.97M
Total Assets $52.65M $55.07M
YoY Change -4.39% -16.54%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $3.100M $2.000M
YoY Change 55.0% -4.76%
Accrued Expenses $11.00M $10.10M
YoY Change 8.91% -8.18%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $16.56M $14.92M
YoY Change 11.01% -7.83%
LONG-TERM LIABILITIES
Long-Term Debt $4.300M $6.300M
YoY Change -31.75%
Other Long-Term Liabilities $7.500M $7.200M
YoY Change 4.17% -6.49%
Total Long-Term Liabilities $11.81M $13.58M
YoY Change -13.04% 75.47%
TOTAL LIABILITIES
Total Short-Term Liabilities $16.56M $14.92M
Total Long-Term Liabilities $11.81M $13.58M
Total Liabilities $28.37M $28.50M
YoY Change -0.45% 19.12%
SHAREHOLDERS EQUITY
Retained Earnings $84.75M $87.07M
YoY Change -2.67% -15.1%
Common Stock $5.275M $5.240M
YoY Change 0.67% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $65.74M $65.74M
YoY Change 0.0% 0.0%
Treasury Stock Shares 2.826M shares 2.826M shares
Shareholders Equity $24.28M $26.57M
YoY Change
Total Liabilities & Shareholders Equity $52.65M $55.07M
YoY Change -4.39% -16.54%

Cashflow Statement

Concept 2015 Q4 2014 Q4
OPERATING ACTIVITIES
Net Income $1.706M -$3.444M
YoY Change -149.54% 55.63%
Depreciation, Depletion And Amortization $200.0K $300.0K
YoY Change -33.33% -25.0%
Cash From Operating Activities $300.0K -$600.0K
YoY Change -150.0% -64.71%
INVESTING ACTIVITIES
Capital Expenditures -$100.0K -$200.0K
YoY Change -50.0% -60.0%
Acquisitions
YoY Change
Other Investing Activities $0.00 $2.500M
YoY Change -100.0% -3.85%
Cash From Investing Activities -$200.0K $2.300M
YoY Change -108.7% 4.55%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities
YoY Change
NET CHANGE
Cash From Operating Activities 300.0K -600.0K
Cash From Investing Activities -200.0K 2.300M
Cash From Financing Activities
Net Change In Cash 100.0K 1.700M
YoY Change -94.12% 240.0%
FREE CASH FLOW
Cash From Operating Activities $300.0K -$600.0K
Capital Expenditures -$100.0K -$200.0K
Free Cash Flow $400.0K -$400.0K
YoY Change -200.0% -66.67%

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CY2014Q4 us-gaap Disposal Group Including Discontinued Operation Revenue
DisposalGroupIncludingDiscontinuedOperationRevenue
1890000
CY2014Q4 us-gaap Net Income Loss
NetIncomeLoss
-3444000
CY2014Q4 us-gaap Disposal Group Including Discontinued Operation Operating Income Loss
DisposalGroupIncludingDiscontinuedOperationOperatingIncomeLoss
-3294000
CY2014Q4 us-gaap Discontinued Operation Income Loss From Discontinued Operation During Phase Out Period Before Income Tax
DiscontinuedOperationIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriodBeforeIncomeTax
-231000
CY2014Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
150000
CY2014Q4 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
-3525000
CY2014Q4 us-gaap Gross Profit
GrossProfit
5158000
CY2014Q4 us-gaap Discontinued Operation Income Loss From Discontinued Operation Before Income Tax
DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTax
-3525000
CY2014Q4 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
81000
CY2014Q4 us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
49667000
CY2014Q4 us-gaap Investment Income Interest
InvestmentIncomeInterest
24000
CY2014Q4 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
44509000
CY2014Q4 us-gaap Interest Expense
InterestExpense
93000
CY2014Q4 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
81000
CY2014Q4 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0
CY2014Q4 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
5008000
CY2014Q4 us-gaap Discontinued Operation Tax Effect Of Income Loss From Discontinued Operation During Phase Out Period
DiscontinuedOperationTaxEffectOfIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriod
0
CY2015Q4 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
-0.01
CY2015Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
8391244 shares
CY2015Q4 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.21
CY2015Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.20
CY2015Q4 us-gaap Disposal Group Including Discontinued Operation Revenue
DisposalGroupIncludingDiscontinuedOperationRevenue
45000
CY2015Q4 us-gaap Net Income Loss
NetIncomeLoss
1706000
CY2015Q4 us-gaap Disposal Group Including Discontinued Operation Operating Income Loss
DisposalGroupIncludingDiscontinuedOperationOperatingIncomeLoss
-42000
CY2015Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
1827000
CY2015Q4 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
-42000
CY2015Q4 us-gaap Gross Profit
GrossProfit
7227000
CY2015Q4 us-gaap Discontinued Operation Income Loss From Discontinued Operation Before Income Tax
DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTax
-42000
CY2015Q4 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
1748000
CY2015Q4 us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
58684000
CY2015Q4 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
1748000
CY2015Q4 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0
CY2015Q4 us-gaap Share Based Compensation
ShareBasedCompensation
35000
CY2015Q4 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
51457000
CY2015Q4 us-gaap Interest Expense
InterestExpense
79000
CY2015Q4 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
5400000
CY2015Q4 us-gaap Discontinued Operation Tax Effect Of Income Loss From Discontinued Operation During Phase Out Period
DiscontinuedOperationTaxEffectOfIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriod
0

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