$SKY
Champion Homes, Inc.

2016 Q3 Form 10-Q Financial Statement

#000119312516737742 Filed on October 13, 2016

View on sec.gov

Income Statement

Concept 2016 Q3 2015 Q3
Revenue $61.18M $48.74M
YoY Change 25.51% -1.74%
Cost Of Revenue $54.60M $44.10M
YoY Change 23.8% -3.21%
Gross Profit $6.580M $4.643M
YoY Change 41.72% 14.9%
Gross Profit Margin 10.76% 9.53%
Selling, General & Admin $5.750M $5.459M
YoY Change 5.33% 5.39%
% of Gross Profit 87.39% 117.57%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $251.0K $257.0K
YoY Change -2.33% -34.77%
% of Gross Profit 3.81% 5.54%
Operating Expenses $5.750M $5.459M
YoY Change 5.33% 5.39%
Operating Profit $830.0K -$816.0K
YoY Change -201.72% -28.36%
Interest Expense $86.00K $79.00K
YoY Change 8.86% -15.96%
% of Operating Profit 10.36%
Other Income/Expense, Net
YoY Change
Pretax Income $744.0K -$895.0K
YoY Change -183.13% -25.97%
Income Tax $0.00 $0.00
% Of Pretax Income 0.0%
Net Earnings $744.0K -$834.0K
YoY Change -189.21% -77.9%
Net Earnings / Revenue 1.22% -1.71%
Basic Earnings Per Share $0.09 -$0.10
Diluted Earnings Per Share $0.09 -$0.10
COMMON SHARES
Basic Shares Outstanding 8.391M shares 8.391M shares
Diluted Shares Outstanding 8.498M shares 8.391M shares

Balance Sheet

Concept 2016 Q3 2015 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $8.500M $6.700M
YoY Change 26.87% 123.33%
Cash & Equivalents
Short-Term Investments
Other Short-Term Assets $965.0K $1.540M
YoY Change -37.34% 71.68%
Inventory $11.82M $10.50M
Prepaid Expenses
Receivables $14.83M $12.06M
Other Receivables $0.00 $0.00
Total Short-Term Assets $37.10M $31.93M
YoY Change 16.22% -13.14%
LONG-TERM ASSETS
Property, Plant & Equipment $11.96M $11.39M
YoY Change 5.02% -26.89%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $7.493M $7.299M
YoY Change 2.66% 11.27%
Total Long-Term Assets $19.46M $18.69M
YoY Change 4.1% -21.17%
TOTAL ASSETS
Total Short-Term Assets $37.10M $31.93M
Total Long-Term Assets $19.46M $18.69M
Total Assets $56.56M $50.62M
YoY Change 11.74% -16.28%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $4.100M $3.600M
YoY Change 13.89% -7.69%
Accrued Expenses $10.90M $10.10M
YoY Change 7.92% 1.0%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $18.88M $16.21M
YoY Change 16.51% -3.5%
LONG-TERM LIABILITIES
Long-Term Debt $4.300M $4.300M
YoY Change 0.0% -31.75%
Other Long-Term Liabilities $7.500M $7.600M
YoY Change -1.32% 4.11%
Total Long-Term Liabilities $11.77M $11.87M
YoY Change -0.85% -13.06%
TOTAL LIABILITIES
Total Short-Term Liabilities $18.88M $16.21M
Total Long-Term Liabilities $11.77M $11.87M
Total Liabilities $30.65M $28.08M
YoY Change 9.17% -7.79%
SHAREHOLDERS EQUITY
Retained Earnings $86.30M $83.04M
YoY Change 3.92% -8.26%
Common Stock $5.353M $5.240M
YoY Change 2.16% 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 $25.91M $22.54M
YoY Change
Total Liabilities & Shareholders Equity $56.56M $50.62M
YoY Change 11.74% -16.28%

Cashflow Statement

Concept 2016 Q3 2015 Q3
OPERATING ACTIVITIES
Net Income $744.0K -$834.0K
YoY Change -189.21% -77.9%
Depreciation, Depletion And Amortization $251.0K $257.0K
YoY Change -2.33% -34.77%
Cash From Operating Activities $1.366M $1.755M
YoY Change -22.17% -158.13%
INVESTING ACTIVITIES
Capital Expenditures $569.0K $70.00K
YoY Change 712.86% 169.23%
Acquisitions
YoY Change
Other Investing Activities $6.000K $8.000K
YoY Change -25.0% 100.0%
Cash From Investing Activities -$575.0K -$78.00K
YoY Change 637.18% 358.82%
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 1.366M 1.755M
Cash From Investing Activities -575.0K -78.00K
Cash From Financing Activities
Net Change In Cash 791.0K 1.677M
YoY Change -52.83% -155.24%
FREE CASH FLOW
Cash From Operating Activities $1.366M $1.755M
Capital Expenditures $569.0K $70.00K
Free Cash Flow $797.0K $1.685M
YoY Change -52.7% -155.34%

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NetCashProvidedByUsedInInvestingActivities
-575000
CY2016Q3 us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
61176000
CY2016Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
8498192 shares
CY2016Q3 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
5750000
CY2016Q3 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Expiration Period
SharebasedCompensationArrangementBySharebasedPaymentAwardExpirationPeriod
P7Y6M
CY2016Q3 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P9Y
CY2016Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.00 pure
CY2016Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
8391244 shares
CY2016Q3 dei Trading Symbol
TradingSymbol
SKY
CY2016Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.660 pure
CY2016Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
25000 shares
CY2016Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0147 pure
CY2016Q3 us-gaap Share Based Compensation
ShareBasedCompensation
31000
CY2016Q3 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1
P9Y
CY2016Q3 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
744000
CY2016Q3 us-gaap Increase Decrease In Workers Compensation Liabilities
IncreaseDecreaseInWorkersCompensationLiabilities
256000
CY2016Q3 sky Loss Contingency Obligation Number Of Units Repurchased During Period
LossContingencyObligationNumberOfUnitsRepurchasedDuringPeriod
0 Unit
CY2016Q3 sky Loss Contingency Obligation During Period
LossContingencyObligationDuringPeriod
0

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0001193125-16-737742-index.html Edgar Link pending
0001193125-16-737742.txt Edgar Link pending
0001193125-16-737742-xbrl.zip Edgar Link pending
d268622d10q.htm Edgar Link pending
d268622dex311.htm Edgar Link pending
d268622dex312.htm Edgar Link pending
d268622dex32.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
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report.css Edgar Link pending
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sky-20160831.xml Edgar Link completed
sky-20160831.xsd Edgar Link pending
sky-20160831_cal.xml Edgar Link unprocessable
sky-20160831_def.xml Edgar Link unprocessable
sky-20160831_lab.xml Edgar Link unprocessable
sky-20160831_pre.xml Edgar Link unprocessable